Social Trading for MetaTrader

There are separated web portals for administrators, providers and followers in Social Trading. This way all categories of users can concentrate on their individual goals.

Unprecedented customization for brokers

Social trading tools give brokers complete freedom to fine-tune a business model and configure different trading conditions for various traders. This way, brokers may accurately specify settings for:

• Pro and Demo accounts;
• Signal providers and followers;
• Accounts with large or small deposits;
• Accounts using robotic trading or high-risks strategies, etc.

The system also may be set to monitor every connected server to ensure all trades are copied appropriately.

Copy trading solution for traders: modes and settings

Brokeree Social Trading software provides all traders with a flexibility to finetune their own trading strategy even when they follow signals. The solution offers followers different copying modes based on multiple indicators:

• Equity;
• Free margin;
• Multiplication copying;
• And more. 

Followers also may turn on proportional copying to equalize the trading risks on small amounts when following the strategy of providers with bigger accounts to mitigate risks and avoid overexposure.

Flexibility for signal providers

To optimize incomes, signal providers may accurately finetune fees for followers. There are various available modes in Social Trading that a broker may offer or prohibit providers to use:

• Registration fee; 
• Management fee;
• Performance fee;
• Platform fee.

Social Trading operates across different MetaTrader 4 and 5 servers. 

The Brokers’ copy trading platform, based on Brokeree’s Social Trading, now enables traders from different platforms and servers to seamlessly share and copy trading signals in real time.

This unprecedented freedom allows brokers to unite clients from all servers into a single investment pool where they may share and copy trading signals without technical limitations.

• EXAMPLE: a signal provider based on an MT5 account may attract followers from MT4 and other MT5 servers.

Both administrators and clients can switch between MetaTrader 4 and 5 platforms without the need to log out. This way they may quickly react to market changes and comfortably control the trading process on all connected accounts and servers.

Social Trading simultaneously covers two general issues: eliminate operational and infrastructural risks for brokers and offer reliable and understandable protection mechanisms for traders.

Risk mitigations for brokers

Part of operational risks may be covered by the restricted administrators feature. It creates a hierarchy of management decisions on the platform and accurately distributes the necessary powers among the personnel operating with the solution. 

Brokers may appoint one administrator – a superuser with the most extended rights to manage additional staff rights and run the platform. Thus a broker reduces the possibility of accident interference in the investment system performance and human factor mistakes.

Next, brokers may divide traders in different groups and servers based on region of registration, connected LP, roles or etc. to accurately configure rules for each of them. During operation with them the administrator doesn’t have to re-login.

Risk management for traders

Social Trading platform offers traders several tools to mitigate risks during their trading activity:

• Proportional copying equalizes the trading risks of providers and subscribers, who often start trading with small amounts.
• Advanced Stop-Loss & Take-Profit settings regulate all limits for the order.
• Stop-Loss and Take-Profit rules on the subscription-level configure conditions for all trades from one provider. 

Social Trading has a special Ratings Module that is also connectable with PAMM. With it brokers may easily create custom widgets based on real time trading information of signal providers. Widgets may effortlessly integrate the brokers’ website attracting visitors’ attention with the interactive charts and graphs.

Ratings Module also allows to integrate the dashboards from signal providers and investor portals with the trading room as widgets, helping brokers to contain all useful client information in one virtual space.

The solution is fully hosted on the broker’s servers, ensuring that no data is collected by the provider. Thus, a broker has granular control over the solution and the client’s information. To ensure the correct performance of the solution, Brokeree offers infrastructure monitoring and a log audit of the server.

To ensure low latency and stable connection to the trading platform the server-side API may be used.

In addition, the solution includes a frequency monitoring feature that detects and fixes any discrepancies with copied trades automatically. This innovative feature, along with the user-friendly interface, gives brokers a distinctive edge in the realm of social trading platforms.

Brokeree’s support team works around the clock to assist multi-asset brokers in installing, configuring, and maintaining their Social Trading solutions. Whether brokers choose to set up the system on their own or with the help of Brokeree’s specialists, the solution is ready to use with default settings after installation, which typically takes about 3 hours.

Elevate your brokerage services with the enhanced integration features of Social Trading MT4 and MT5.

MetaTrader 4

MetaTrader 4 is most commonly associated with forex trading; it can be used to trade various markets, including forex, indices, cryptocurrencies, and commodities, via CFDs. Read more about solutions for MetaTrader 4.

MetaTrader 5

MetaTrader 5 is the latest generation of MetaTrader platforms. Key features of MT5 include web trading, algorithmic trading, mobile trading, and professional technical analysis. Read more about solutions for MetaTrader 5.

Onboarding includes the installation of the solution in the broker’s demo environment and a series of presentations to go over the features of the solution to achieve the required brokers’ setup.

A customer success team, tech support team, and BDM work closely with a broker upon their requests to ensure smooth and efficient operations.

Besides support services, Brokeree Solutions provides clients with consultations and maintenance packages.

Brokeree Social Trading App redefines the interaction between Forex brokers and clients, offering direct access to expert strategies. The ST mobile app combines the desktop version’s benefits with a mobile-friendly interface, ensuring accessibility anytime, anywhere.

Administrators, signal providers, and followers each have a dedicated web portal, streamlining their focus on individual goals. This cutting-edge technology, now available on-the-go, enhances convenience and accessibility.

Both Social Trading and PAMM are investment systems that complement the original functionality of the MetaTrader platform with the ability to share the trading strategies of successful traders. The difference is that ST investors may directly copy the trading signals to their accounts, while PAMM investors entrust their funds to a money manager, who invests in a special shared account.

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Social Trading platform is based on the idea of copying trading signals. To start copying, investors analyze the trading results of signal providers via the leaderboard supported by the Ratings & Statistics Module and then pick the most attractive ones.

Once investors find the most suitable option, they subscribe to receive trading signals from the provider and configure the copying modes they want to apply. After all preparations are complete, the solution will automatically follow the defined strategy.

A trading signal is an information about opening or closing trading positions on the signal provider’s account that triggers an action for all followers to copy them. Based on trading symbols, the Social Trading solution enables investors to join trading strategies and automatically buy or sell specified assets. The quality of the trading signals and the competence of the signal providers are crucial for all copy trading systems.

To successfully implement and promote social trading services, brokers should confirm the quality of trading signals and signal providers. It may be done using coherent KYC processes or analyzing the trading results available with the Ratings & Statistics module.

Copy Trading software involves directly replicating the trades of chosen investors, allowing users to automate their trading strategies. On the other hand, Social Trading is a broader concept that includes collaborative trading within a community. It goes beyond replicating trades to encompass the sharing of insights, market analyses, and strategies among a network of traders. Social Trading fosters a more interactive and educational trading environment compared to the more automated approach of Copy Trading solutions.

As stated above, social trading and copy trading are very similar terms. Usually, advanced investment systems combine the principles of both of them, providing clients with the flexibility of their trading experience. With the implementation of Social Trading, brokers’ copy trading service automatically replicates the trades of selected investors, while also cultivating a collaborative environment where traders can exchange insights, conduct market analyses, and share strategies within a community. In practical terms, Social Copy Trading essentially operates like Social Trading, providing a comparable solution but with an added layer of automation.

Social trading signals refer to real-time trading information generated by experienced and successful traders within a social trading platform. These signals typically include details about specific trades, such as entry and exit points, as well as the underlying assets involved. Traders who provide these signals often share their strategies and insights with the broader community, allowing less experienced investors to replicate or follow their trades.