FX and CFD broker Vantage has announced the launch of a professional “social network” that allows traders to automatically copy signals, execute trades, chat and analyze performance.
Under the name of V Social, the social network significantly improves the multi-asset trading platform for retail and professional traders, as Vantage hopes that the new solution, built using Pelican Trading’s proprietary technology, will attract new entrants to its platform, expanding their customer base and increasing overall business activity.
V Social allows novice traders to subscribe and copy signals from expert traders, who in turn enjoy increased status and a share of the profits.
Shunyu Li, Head of Sales and Marketing at Vantage, commented, “Social and copy trading is booming in the financial industry, with features like commenting, sharing and review posts making it intuitive for an influx of next-gen digital native traders. It is also starting to be adopted by more established traders looking for their next business idea. We are delighted to now be able to offer social trading capabilities to new and existing clients in partnership with such a reputable and established brand as Pelican.
David Shayer, Managing Director of Vantage UK, added: “Following our rebranding last year, Vantage was the fastest growing broker in the UK. Wanting to maintain this momentum, we identified the thousands of ambitious young traders who had just entered the space post-pandemic as a huge opportunity. We have long believed that the trading world should be more accessible – not just for experienced traders – and we were delighted to discover a like-minded partner in Pelican. We are now able to offer existing, new and future clients a user-friendly, all-in-one platform where they can execute trades, copy and learn from some of the best investors in the world, and contribute to a growing community. dynamic and innovative traders.
Early last year, ‘Vantage FX’ became ‘Vantage’ to reflect the culmination of its extensive business transformation. The rebranding showed that the Australia-based company has become a comprehensive global financial services provider.
At the time, Vantage said the new company name better encompassed what it did as it expanded its reach beyond retail forex to become a multi-asset provider. The brokerage company currently offers CFDs on Forex, indices, stocks, commodities and cryptocurrencies.
Vantage also cited the reason for the amendment as an attempt to further accelerate business development in new financial areas to serve customers with a global presence.
Earlier this month, Vantage launched MT5 in a major step for the FX and CFD broker. The MT5 terminal was imperative to increase the base of assets and products in the platform, in order to accommodate all of its clientele.
Also this month, Vantage launched a global ESG (environment, social and governance) program, the international multi-asset broker announced.