Top features that make a social trading platform stand out from the crowd

Living in the digital era has introduced us to a world where we are more digitally and technologically advanced and enhanced than ever. Practically every aspect of life and every possible industry that exists today is one that has gone from strength to strength since the dawn of their introduction to the world. When the digital era started to surge upward, effectively becoming a global mainstream sensation, all these aspects of life and industries began to shift in their place, evolving to realign with the way that the world was moving. It was the beginning of a whole new world.

Today, digitalisation and technological advancement play a distinctive role in every component of life as we know it – including, as it turns out, the investor trading landscape. The rise of social trading has come at a time where investors were looking for new ways to carry out their practice. The idea of observation of expert traders and peers alike spurred into motion the concept of social trading. Considering the fact that social trading demands little to no forethought or in-depth understanding of the trading game or the finance market. So, considering this, what are the top features that make a social trading platform stand out from the crowd?

Transparent information 

There is something to be said about the freedom of having unlimited and unrestricted access to information surrounding both the finance market and the strategies and the like of other investors in the market. Couple this with the level of sheer transparency that a social trading platform reveals to the world and all investors, and transparent information is one of the most instrumental features that is going to draw the crowds and stand out from the crowd of any given social trading platform. Transparency is key for social trading platforms in general, but there are certainly different ways to handle that transparency.

Cooperative trading practice

The most popular social trading platforms around the globe are the ones that actively and consistently practice the art of offering traders the chance to work collaboratively in “trading teams”. These imposed teams and and do trade within the finance market together through various ways of cooperative trading. To a point, every social trading platform utilises cooperative trading practice to its very core, but there is a certain freedom that comes hand in hand with being well-versed in this art form in the trading game. 

Monetisation at the forefront 

Of course, one of the key features in any social trading platform that sets it apart from the competition is the monetisation techniques being utilised at the helm. Being savvy with the financial component is always important, but it is even more so when the organisation in question is one that is focused on the finance market and the trading styles and strategies going on within that market. This is well and truly the era of social trading platform domination, and the rise up has only just begun.