Leading retail forex broker, RoboForex, has added new features to its social trading platform CopyFX, which will see it available in other languages other than its main Russian language. This is in line with its strategy to expand its clientele.
The company will now offer the trading network in 11 languages such as Chinese, English, Malaysian, Taiwanese, Spanish, Portuguese, Polish, Indonesian, Arabic, Ukrainian and Italian.
Three languages-Chinese, Arabic and English- are expected to rope in more followers, which may potentially lead to higher earnings for signal providers. Simultaneously, the new features will draw in more signal providers, which will offer clients more lead trades to pick from.
Other features, though old, that RoboForex uses to draw clients to its platform include wider choice of reward plans (includes commissions on trading volumes and predetermined profit percentage), availability of demo account and a large pool of signal providers to choose from.
However, CopyFX faces stiff competition from new entrants in the social trading such as Tradingfloor.com by Saxo Bank, SuperTrader by FXPro and the Trade Leaders Program by OANDA. Still, some brokers have shut down their social trading platforms, with notable ones being IBFX which terminated Connect and LigaForex.
Meanwhile, Japanese Forex broker Hirose Financial’s U.K. subsidiary has developed an Android app focusing on binary options trading as it seeks to broaden its services range.
The mobile app, which can be used for free, is available for download on Google Play.
The app offers all the trading features of the Lion Binary Options platform, which enables traders to execute trades three minutes before the expiration. Automatic withdrawals as well as deposits are also available.
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