<p>Brokeree
Solutions, an Estonia-based forex (FX) <a href=”https://www.financemagnates.com/terms/t/technology-provider/” class=”terms__main-term” id=”35d66747-cf26-42b4-be1f-d75d2fdd8824″ target=”_blank”>technology provider</a> offering plugins to
MetaQuotes trading platforms, announced on Monday that FX software company
XCritical integrated Brokeree’s <a href=”https://www.financemagnates.com/tag/social-trading/” target=”_blank” rel=”follow”>Social Trading</a> solution into its customer relationship
management (CRM) system.</p><p>XCritical Integrates Social
Trading from Brokeree</p><p>According
to the press release, with the integration of Brokeree Social Trading in <a href=”https://www.financemagnates.com/tag/xcritical/” target=”_blank” rel=”follow”>XCritical’s </a>CRM, retail traders will access copy trading offering directly from their
account area. Users can copy trades from the MetaTrader 4 and MetaTrader 5
platforms with a few clicks, quickly react to market changes and manage their
trading process.</p><p>”Social
Trading is an investment system that enables traders to act as trading signal
providers and followers, thus they may copy trades from each other. For several
years industry experts were highlighting the growing popularity of such
services, and in 2022, we saw an increasing number of brokers introducing copy
trading services,” the press release stated. </p><p>The new and
updated Social Trading cross-server <a href=”https://www.financemagnates.com/thought-leadership/brokeree-solutions-latest-social-trading-eliminates-investment-limitations/”>was
released in June 2022</a>. Finance Magnates had an opportunity <a href=”https://www.financemagnates.com/thought-leadership/risk-management-in-brokerees-copy-trading-solution/”>to
test its risk-management system after the update</a>. It eliminates operational
and infrastructural risks for brokers and offers reliable and understandable
protection mechanisms for traders.</p><p>”At
Brokeree Solutions, we know that brokers rely on the stability and software
robust performance, especially for large trading volumes,” Victor Ivanov, the Regional Head of Business Development (EMEA) at Brokeree, commented.</p><p> “The cross-server Social Trading combines
the reliability and predictability of earlier versions of the investment
platform and an entirely new functionality that opens up unprecedented freedom
of action for brokers.”</p><p>Watch the recent FMLS22 panel on social trading for the era of social media.</p><p>Brokeree Promotes New EMEA
Head of Business Development</p><p>In the
middle of last year, Brokeree Solutions <a href=”https://www.financemagnates.com/executives/moves/brokeree-solutions-promotes-victor-ivanov-to-emea-head-of-business-development/” target=”_blank” rel=”follow”>appointed Victor Ivanov as the Regional
Head of Business Development</a> for the EMEA region. Previously, he held the
position of Business Development Executive.</p><p>Ivanov’s
new role focuses on growing the company’s business in Africa, the Middle East
and the European Union. He creates and maintains new partnerships, and expands the local development team.</p><p>”I am
glad to take an active part in the new stage of development of Brokeree
Solutions. I’m eagerly looking forward to the new role with its new challenges
and opportunities,” Ivanov said in a statement.</p><p>Social Trading on the Rise</p><p>Social
Trading has enjoyed enduring popularity over the years, and in the age of
social media, it seems more relevant to individual traders than ever before.
This is evident in the growing range of tools and solutions aimed at traders
who want to copy the transactions of more experienced traders and those who
want to share those transactions.</p><p>Last week, <a href=”https://www.financemagnates.com/thought-leadership/titan-fx-launches-new-social-trading-app/”>Titan
FX unveiled a new mobile app custom-built</a> in partnership with Pelican
Trading, called Copy Social. The app allows users to chat with other traders,
follow experienced mentors and share tips with users around the world.</p><p>Last
December, Vantage, another popular name in the FX space, <a href=”https://www.financemagnates.com/forex/vantage-launches-social-trading-on-its-mobile-app/”>expanded
its service by launching social trading on its mobile application</a>. The
service was <a href=”https://www.financemagnates.com/thought-leadership/vantage-launches-social-trading-platform-to-entice-uk-traders/”>initially
launched in August</a> and was made available on smartphones and tablets a few
months later.</p><p>In
addition, <a href=”https://www.financemagnates.com/thought-leadership/launch-of-insights-on-plus500s-otc-platform/”>Plus500
launched ‘+Insights’ recently</a>, a tool based on big-data analytics that is a
part of the broker foray into the social trading space.</p>
This article was written by Damian Chmiel at www.financemagnates.com.
