Titan FX Launches New Social Trading App

Titan FX wants to help its traders better connect with peers and easily copy expert traders using a new mobile app custom-built in partnership with Pelican Trading.

Called Copy Social, the app allows users to chat with fellow traders, follow experienced mentors, showcase their performance, and share insights with others from across the globe, in 17 languages no less.

Influence pays

The app also recognizes trading skill and influence on the trading community. The best traders can develop a following as mentors, or signal providers, as they climb up the leader board. They’ll earn commissions every time their trades are copied by another user.

Because users have a large choice to pick from, they can compare different strategies from the top players, copy what they feel are the most effective strategies, or adopt a contrary position depending on their own market convictions.

A 100% mobile experience

Transactions are executed directly from the app as it integrates Titan FX’s MT4 and MT5 platforms, with the broker’s entire FX and CFD offering, on both its Standard and Blade accounts.

The app has an auto-copy feature (replicating trades based on predetermined triggers), as well as a social feed (to get updates from followed traders), private messaging, custom chat groups, and mentor groups.

The underlying technology was developed by Pelican Trading, which also offers its own mobile app, where Titan FX is now listed along many of the industry’s best-known brokers. Traders can either use Titan FX’s Copy Social or the Pelican Trading app, depending on their preferences, to start their social-trading journey.

“Social trading has been a growing trend recently and we’re excited to enter this territory as the benefits are obvious for all traders, from beginners to seasoned pros,” said Martin St-Hilaire, Titan FX’s managing director.

“Online trading no longer has to be a lonely endeavour. With Copy Social, our users can now enjoy the support of a community of peers to gain knowledge, compare notes, and improve their results, all in the palm of their hand.”

Titan FX is licensed in Vanuatu and headquartered in its capital city of Port Vila. Pelican Trading and its mobile app are regulated by the U.K.’s Financial Conduct Authority.

Dial in the risk

One of the great features of Titan FX’s new app is it allows beginner traders to better manage their risk when copying others by setting different risk parameters for each trader being mirrored. For example, a trader can mirror for 100% of the risk, 200% of the risk or 50% of the risk. If losses exceed the selected amount, copying will automatically be suspended. In addition, the app has a helpful warning message not to risk more than 30% of trading capital.

Download the Copy Social app (iPhone, iPad, Android)