xSocial - social trading in XTB
xSocial is an innovative platform that enables social trading at its best. It allows us to copy the plays of other investors. We can also become a Signal Provider ourselves and run the machine to copy our transactions to others. Everything happens completely automatically, without additional actions to be performed. The author of the platform is X-Trade Brokers.
The social trading platform is available from the application level xStation (lower left corner of the application). Already at the first visit to xSocial you will be asked what function you want to take.
Each trader has the option of taking one of two functions: Follower and/ or provider.
Followers
A person who copies the plays of other traders. The function is intended for beginners, people who want to diversify their trade or those who do not have enough free time for full-size trading.
The advantages of being a Follower:
- you save time,
- you do not give in to unnecessary emotions,
- you follow the behavior of a large group of traders and know how they trade,
- you have the option of automatically making reverse transactions, eg to losing traders.
Provider
It is a transactional signal provider that de facto does not give any instructions itself. The trader concludes his transactions in the normal mode, but on the same platform, however, allows his traders to copy his transactions. Anonymously. For each follower he receives remuneration from the realized position.
The advantages of being a Provider:
- you are paid for each Follower,
- you maximize your trading profits,
- you remain anonymous,
- everything happens automatically.
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