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Alexander Geralis Appointed as Chief Product Officer of cXchange

We are happy to announce an appointment of Alexander Geralis as a Chief Product Officer of cXchange, our digital asset exchange solution. In his new role, Alexander will undertake the overseeing of the product’s development and raising its awareness on the international arena. He will ensure cXchange meets the same high as all Spotware products and becomes an integral part of the clients’ roll out success delivering the value that is promised to facilitate their exchange business growth.

Being a professional trader in the diverse markets, Alexander has been trading cryptocurrencies, as well as physical commodities in the marine fuel sector for a number of years. He has shared his expertise with a global audience by providing his market analysis for the oil and gas sector, and being a regular contributor for the well-respected publication in the crypto world, Cointelegraph. This collective experience in the sphere of trading and understanding of traders’ needs is here to assist partners in launching their own leading exchanges.

Learn more about cXchange

Finance Feeds Interview: An Uncensored Opinion on Crypto World

James Glyde, the Chief Commercial Officer at Spotware, has recently met with Financed Feeds in regards to the launch of cXchange digital asset exchange solution.

In this detailed interview, James shared his views on cryptocurrency and trading from the exchange perspective, covering a number of topics including:

  • the difference between ICOs and IPOs and the introduction of a new Term, VCOs
  • the variety of trading asset types, its similarities and differences
  • the level of maturity of cryptocurrency market from the perspective of an exchange
  • the importance of regulation, credibility and client protection
  • advertising in the crypto industry and bans of giants like Facebook and Google
  • the shift to mobile trading, and a strategic decision to go mobile first
  • the technology behind cXchange, the matching engine, and liquidity
  • benefits and challenges of cryptocurrency, and the future of money

Watch Full Interview
Learn More About cXchange

App of the Day: cTrader Mobile Interview

We have recently been interviewed by App of the Day, the online source that publishes reviews of best apps on the market, in which we provided insights about cTrader mobile app development. Our development team elaborated on all aspect of the app, including benefits, production challenges and duration, future plans and much more. Follow the link below to read the full interview.

Read the Interview

Download cTrader for Android or iOS

Spotware Nominated as Best Trading Platform Provider 2018

In our continuous effort to provide brokers and traders with the best trading platforms, we are proud to announce that Spotware has been nominated for its excellence for Finance Magnates Awards 2018 in the below categories:

  • Best FX Trading Platform (Spotware, cTrader)
  • Best Multi-Asset Trading Platform (Spotware, cTrader)
  • Best Cryptocurrency Solution Provider (Spotware, cXchange)
  • Best White Label Solution (Spotware, cTrader)

We have been raising the standards of the online trading industry since 2010, providing constant innovation ever since. With the launch of our premium trading platform, cTrader, we have quickly gained a large market share and a reputation of the leading technology provider in the online trading industry. Today, cTrader is trusted by millions of traders around the world and offered by top tier brokers.

cXchange, is another technologically advanced solution developed by us, that is set to dominate the cryptocurrency market, allowing businesses to launch their own cryptocurrency exchange with everything needed out of the box.

How to Vote for Spotware

Voting is open for anyone who is registered for Finance Magnates London Summit 2018. The 3 top finalists will enter the second stage of voting and the final winners will be announced at the event in November.

  1. Click on one of the categories above, select Spotware, cTrader or cXchange and any other firms you want to vote for, tick their checkbox. (See Featured cTrader Brokers)
  2. Repeat the process for each category
  3. Scroll back to the top of the page and hit “Submit”

cTrader Copy, a New Copy Trading Service, is Live

We are happy to announce that we have released a new copy trading service, cTrader Copy, which now functions as a flexible investment program and a fully integrated feature of cTrader Web 3.0. This will soon replace cMirror.

cTrader Copy has taken the best of its predecessor while improving the copying model and incorporating a number of new features and tools. The result is a completely new solution that aims to provide traders with more transparency and flexibility.

Launch cTrader Copy

Key Features

Improved Copying Model

Equity to Equity Model

The new copying model is based on Equity to Equity Ratio which means that the volume that will be copied is defined according to the Strategy Provider’s and Investor’s Equity. The system now automatically recalculates the volume of Investor’s positions to adjust it to equity to equity ratio, taking into account any allocated amount changes due to the deposits and withdrawals of both parties. This results in position sizes of the Strategy Provider and Investor being relative to the resources which each party has or has allocated to the strategy.

Separate Copy Trading Accounts

Also, every followed strategy is now placed automatically in Separate Copy Trading Accounts, rather than being all consolidated under one. This gives Investors a clear view of each strategy performance making it easy for analysis and risk management. What’s more, this allows Investors to apply Equity Stop Loss per strategy rather than for the entire account, keeping profitable copying running. The same logic now applies and for fees, which are calculated for each copy trading account independently, making it more precise and fare.

Important change: With the aim to keep the same trading as Strategy Provider, the existing positions of a strategy will be copied once the Investor starts copying, and the functionality of allowing Investors to change copied positions will be removed.

Extended Control of Funds

Some other changes implemented in cTrader Copy include the Investor’s ability to increase and decrease funds allocated to a particular strategy. This can be done without stopping the copying of the Strategy, the Investor can increase their equity to potentially get higher returns, as well reduce their stake in the strategy or withdraw profits while keeping the initial amount allocated, all of this can be done at any time. This provides Investors with additional controls to easily manage their funds.

The increased transparency and automation simplified the trading process while allowing Investors being more in control of their funds and taking wiser trading decisions.

Flexible Fees Structure

New Payment Fees

In addition to the Volume Based Commissions, which was the only payment option in cMirror, the cTrader Copy has introduced two new types of fees – Performance fees and Management fees. All three methods can be combined or selected individually.

  • Volume Based Commissions are based on the volume that the investors have traded while copying the strategy and charged for opening and closing of each position.
  • Performance Fee payment method allows Strategy Provider to take a percentage of the investors’ profit using a High Water Mark which ensures that the Investor doesn’t get charged twice for the same or lower performance.
  • Management Fee represents an annual percentage of Investors’ Equity which is calculated daily and paid end of each month.
Minimum Investment Amount

Another new feature of cTrader Copy is the Minimum Investment Amount that allows Strategy Providers to have a meaningful return by setting an entry level for the Investors who wish to follow their strategy. This also means that Investors will not be able to withdraw from their copy trading accounts if Equity will drop below this limit while they are actively following a strategy.

The flexibility of the new fees structure and the minimum investment amount setting aim to fulfill the needs and trading goals of any kind of Strategy Provider and Investor.

Redesigned Dashboard

Improved Control Panel

All the data is presented in the newly redesigned dashboard, which brought up useful information previously hidden in the menu or tabs, extended its analytics and charts, and incorporated some useful functionality. From the dashboard, the traders can see all their copy trading accounts with followed strategies, take fast actions and modify settings, and analyze the selected strategies, thus being equipped with the most advanced control panel for effective trading.

Advanced Analytics

The Strategy Profile now features Advanced Analytics with more detailed statistics providing Investors with rich insights on the performance and behavior of each strategy. In addition to Time Weighted RoI, Balance vs. Equity and Breakdown of Traded Symbols charts, that are now all visible on a single page, traders can also see the History of Followers, a new chart that represents the growth of Investors over time.

Favorite Strategies

Also, Investors can now bookmark Favorite Strategies to watch, monitor and come back to them later.

Strategy Promotional Tools

Embeddable Strategy Profile

Last but not least, the cTrader Copy offers more possibilities for Strategy Providers to promote their strategies by sharing their strategy profile with an embeddable code to external resources. The Embeddable Strategy Profile showcases the strategy in real time outside of the cTrader platform allowing Strategy Providers to attract new Investors.

Inviting Investors

Strategies can now be shared with the Investors in two ways – among all traders without any restrictions, or traders with invitation links only. In the last case, Strategy Providers can invite traders to follow the strategy via a direct private link. Such strategies cannot be searched and discovered from the Strategies list, they are hidden from anyone else except those who have unique invitation links.

Conclusion

Overall, cTrader Copy is a highly competitive investment platform that stands out in the market thanks to its transparency and flexibility. The improved copying model and new fees structure together with advanced analytics and effective trading and promotional tools makes it suitable for any kind of Strategy Providers and Investors.

Launch cTrader Copy