Leverate, which provides software solutions for brokers, has introduced a significant powerful enhancement to its social platform: one big community that brings together traders from all participating brokers.
With this, Leverate will command a huge social network for forex traders. A trader with one broker can now copy a trade of another trader with another broker.
Sirix Community is a multibroker social trading network that unites the many communities of brokers using Sirix into one large network. This move serves to make Sirix Community one of the largest Forex social trading networks in the world. Leverate devoted many resources into overcoming the technological problems associated with copy trading across multiple servers.
“The introduction of Sirix Community is a huge asset for Forex brokers that offer social trading,” says VP Products Itay Damti. “The strength and continued success of any social network is measured by its size and level of continued activity. By uniting many brokers’ networks into one unified community, each broker will have a higher chance of success with the social network. We designed Sirix in ways that benefit both brokers and traders, while safeguarding privacy and empowering brokers to be flexible with the management of their ‘private’ client base.”
Traders on the network may copy, follow and view the profiles of all other traders on the network regardless of what brokerage the trader is trading with. It is not possible, however, to see which broker a given trader belongs to. This is a necessary step in preventing client theft and information collection.
Existing brokers will benefit from a larger social trading network and can offer their clients a larger pool of master traders. Brokers just starting a brokerage or social trading network will be able to offer their clients a complete up-and-running community of traders and masters, and will not have to start a network from scratch.
Sirix requires no download or installation and is not affected by firewall blocking. Compatible with every popular browser, including Macintosh Safari, Sirix Web’s cross-platform compatibility increases lead conversion and total volumes traded. Sirix for mobile and tablet are available on both natively on Apple and Android, as well as in a mobile browser on any HTML5-compatible device.
Sirix is an integral component of LXSuite, Leverate’s turn-key complete package of private label brokerage solutions. Leverate also offers Sirix as a standalone product. Sirix is fully branded according to each
Leverate has just announced that Sirix copy trading volumes have quadrupled in the past 14 weeks.
“Although we can’t share the exact stats, we can say that after incorporating Sirix into a multi-broker community, it has indeed resulted in a massive growth in copy volume,” according to Leverate Senior Product Manager Shai Kritz. “Copy trading proves to save brokers investment in the education of traders in how to trade FX. We have also seen that it increases the average first deposit and trading volumes.”
