A Provider is the person whose trading behaviour can be copied. Providers tend to be experienced traders who voluntarily give you the opportunity to copy their trades in exchange for a performance fee. A Follower follows a Provider using a copy trading system that automatically replicates the latter’s trading activity.

FP Markets’ Social Trading on MetaTrader 4 and MetaTrader 5 allows you to become a part of a community that shares its performance. The copying system allows traders to choose from a variety of copying modes while the ratings module provides detailed performance statistics. The design of the interface is informative courtesy of transparent dynamic charts and tables.

You can begin Social Trading with FP Markets in four easy steps:

• Open a trading account; log in to the Client Portal and select Social Trading.
• Go to the Ratings Page and find which Providers you wish to follow.
• Log in using your MetaTrader 4 credentials.
• Start copy trading.

Just like other forms of trading, you can make profits and incur losses from Social Trading. One of the benefits of FP Markets’ Social Trading is that the performance of the listed traders is completely transparent. Their historical trades and trading statistics are updated in real time to ensure their accuracy and validity at all times.

Anyone interested in Social Trading must first consider their financial situation, become familiar with a variety of risk management strategies, and carefully read and acknowledge any and all disclaimers.

Social Trading can be an effective way for new traders to gain exposure to financial markets. This product enables traders to copy the trading behaviour of more experienced traders, thus accelerating the learning process. Social Trading can be a good first step towards mastering trading, but must also be accompanied by your own research and know-how.

Read our Beginners Guide To Forex Trading and become familiar with the concept of CFD Trading