Social Trading Overview
Social Trading Overview
Social trading is growing in popularity and BlackBull Markets has partnered with the best social trading providers available. BlackBull Markets’ clients can follow trades made by Lead Traders that are participating in our affiliated Social Trading System, directly from their trading accounts.
What is Social Trading?
Traders can follow trades made by others, direct into their BlackBull Markets trading account. Social Trading may be an ideal service for traders who are interested in the markets yet are short of time or lack market education, or just simply wish to have someone else trade on their behalf.
Here are some of the reasons why BlackBull Markets clients use social trading:
- Start-up costs are low. You don’t always need to have a large initial deposit to begin trading with automated signals or following another trader. Some providers will allow you to start with as little as $200.
- Diversifying your risk. You can allocate different strategy providers with certain social trading platforms, giving you an ability to diversify risk rather than rely on a single provider.
- Verified trading results. Some social trading websites work with traders who are on live accounts only. There’s no demo or virtual accounts being used and there is a clear track record of results over a period of time.
- Save on fees. Money management with experienced traders can sometimes attract administration fees or performance fees. Social trading providers often charge fixed fees or slightly wider trading spread.
Black Bull Group Limited (trading name: BlackBull Markets) is a New Zealand registered and incorporated company (company number: 5463921).
We are also registered with the Financial Services Provider Register (number: FSP403326).
Black Bull Group UK Limited is registered in United Kingdom, Company Number – 9556804. Payment clearing services provided by: BlackBull Group UK Limited (Company Number – 9556804) Address – 483 Green Lanes, London, Greater London, United Kingdom, N13 485
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
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