Takeprofit social trading software lets inexperienced traders and those who don’t want to spend much time on trading, to follow and copy trades of the leader traders.
Social trading software from Takeprofit Tech has graphic user interfaces for broker and traders. You and your clients can use the interfaces standalone or we also can integrate it with your CRM or your website.
Key Features
High speed
The solution executes deals of a leader with 100 followers in 250 milliseconds, demonstrating its efficiency and reliability in handling high-volume trading transactions.
Cross-server capability
You can connect traders from as many MetaTrader servers as you need.
For example, a master from an MT5 server can provide trading signals to followers from the same MT5 server and followers from unlimited number of other servers.
Try Our Social Trading Software if You Want to
- Attract professional traders aiming to monetize their trading skills and those who prefer not to trade themselves but make money on their investments
- Engage your clients in trading by providing the freedom to start and stop copying any leader at any time
- Ensure that the copied trades will be maximally accurate
- Replace your current social trading with a budget-friendly alternative
Free Trial
Get a two-week free trial of social trading MT5 tool / social trading MT4 tool.
Customer Care
Email and Telegram support during business hours
Emergency 24/7 support hotline
Updates to ensure that all products work with the latest version of MetaTrader platforms and Windows
Developers devoted to finding solutions to your personal needs
FAQ on Social Trading Software
What is social trading in forex?
Social trading in forex is a form of online trading where traders can interact with each other and copy trades of other traders through a social trading platform provided by a broker. Social trading allows traders to learn from and collaborate with other traders, making the process of trading more transparent, engaging, and social. For brokers, social trading can help attract new traders, increase customer retention, and create a sense of community among traders on their platform. Additionally, brokers can use social trading data to gain insights into trader behavior and improve their services.
Does copy trading work on MT5?
Copy trading is available on both Metatrader 5 and Metatrader 4. Brokers that use Takeprofit Cross-server Copy Trader can connect into a single net as many servers as they want. As an example, they can enable master traders from MT5 server to provide trading signals to traders from the same MT5 server and traders from any number of other servers, which can be either MT4 or MT5.
Is there any difference between social trading MT4 and social trading MT5?
Overall, both social trading on MT4 and MT5 platforms offer traders the opportunity to follow and copy other successful traders. However, the MT5 platform offers more advanced features and order types, including market, limit, stop, and stop-limit orders. This can provide traders with more flexibility when copying trades from other traders.
What is the difference between social trading metatrader app and the PAMM product?
Social trading Metatader application and PAMM plugin are both investment management solutions, but there are some differences between the two:
- Mechanism: In social trading Metatrader solution investors can follow and copy the trades of other successful traders. In contrast, in PAMM, investors allocate their funds to a manager who trades on their behalf.
- Control: In social trading investors have more control over their investments as they can decide which traders to follow and copy, as well as they can stop copying any time. On the other hand, in PAMM investors have less control over their investments as the manager makes all the trading decisions.
- Profit distribution: In social trading Metatrader solution profits and losses are distributed proportionally to the amount of funds invested in a specific trader. In contrast, in PAMM profits and losses are distributed according to the percentage of funds allocated to each investor by the manager.
- Fees: In social trading investors may pay a commission to the traders they follow, while in PAMM investors pay a performance fee to the manager based on the profits generated.Overall, both social trading and PAMM offer different investment opportunities with their own advantages and disadvantages. Some of our clients offer their traders both investment models.
How can forex brokers earn from offering to their clients?
Here are four tips for a forex broker to earn on social trading offering for his traders:
- Ensure transparent and fair trading conditions. Traders are more likely to trust your social trading offering if they know that they are trading in a transparent and fair environment. Therefore, it is crucial to ensure that the trading conditions you offer are clear, and the trades made by traders are executed fairly.
- Provide a user-friendly service. The social trading service you offer should be easy to use and navigate, with clear instructions on how to follow and copy successful traders. A user-friendly interface will attract more traders, which in turn can increase your revenue.
- Encourage active clients. Active traders are more likely to generate more profits, which means more commission for you as a forex broker. Therefore, it is essential to encourage traders to be active on your social trading platform by offering incentives such as lower fees or rebates based on the volume of trades made.
- Promote successful traders. Promoting successful traders can help attract more traders to your service. By highlighting the performance of your top traders, you can showcase the potential profitability of your social trading offering and increase the number of traders willing to use your services
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