Online FX and CFD broker Axi announced the release of Axi Copy Trading, which helps users find traders around the world and copy their trades as well as discover trading opportunities and develop skills.
The app was created in partnership with Pelican Exchange, a specialist social copy trading technology provider based in the UK. It can be used across all types of asset class provided by Axi, including FX, commodities, cryptocurrencies, indices and share CFDs.
Louis Cooper, Axi chief commercial officer, said in a statement that, beyond following traders, there’s also the ability to analyze and explore the strategy behind their decisions: “You also have the ability to customize individual settings – for example, position size – so that each trade better reflects your own strategy and approach to risk.”
It’s been designed to operate to industry standards and includes safety mechanisms to manage risk such as warnings when approaching predetermined risk levels and multiple stop loss options.