What is TradeCrowd? | SocialTradingGuru.com

What was TradeCrowd?

TradeCrowd LogoPlease note that TradeCrowd ceased operating in  Q2 2017. We do however leave this description online for those of you who want to read what this company and network did.

TradeCrowd launched their social trading network in Q4 2013 and are registered in the UK. Their aim is to give traders real-time access to the latest market information, trading ideas, opinions and news about the trading instruments they’re interested in.

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Joining TradeCrowd is totally free. Once you’ve joined and completed a short questionnaire you get full access to their social trading platform. You can also select the trading instruments and/or traders you’re interested in.  You can follow anyone who’s registered on TradeCrowd and you can post messages as well. However, actual trade signals are only displayed for traders who trade with their real live money accounts.

With regards to the instruments, the TradeCrowd platform will then display:

  • the real-time prices for these instruments (with option to buy or sell)
  • relevant and related global Twitter  conversations
  • related conversation from TradeCrowd’s social network and community
  • real-time trades opened and closed in these instruments on TradeCrowd (with option to copy or contra copy)
  • relevant external article links

With regards to the traders you can see:

  • their latest posts and updates
  • their real-time opened and closed trades (with option to copy or contra copy)

When you want to start trading yourself or copy trades from other traders, you do have to open a live trading account through TradeCrowd. Live accounts are offered in partnership with Tradenext, a well established London based and UK regulated Forex and CFD broker. Your live account lets you trade Forex instruments as well as the major indices and commodities (shares are to be added soon). The account is commission free (i.e. only broker spread) and leverage is offered up to 200:1.

It’s worth noting though that when you want to copy the traders you follow, you have to do this real-time from the TradeCrowd interface. I.e. the trade copying is currently not fully automated like with some of the other social trading networks. However, it seems this functionality will be added in the near future too.

The initial release of TradeCrowd is very much focussed on the “social” element, aiming to give beginner and more experienced traders access to relevant “real-time” information to assist them in  making informed trade decisions.

Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.