ForexNewsNow- Share4you is one of the newest copy trading providers in the forex business. The company behind the copy trading platform focuses on new and innovative features in order to gain market share and acquire new clients. Read this detailed Share4you review in order to find out all about the services offered by this company.
How it Works – What it Does?
Share4you is the newest company to offer forex copy trading services. These services allow traders to follow other professionals after which the software platform provided by the company will automatically copy and execute the actions performed by the followed professionals.
This way casual traders (and not only) will have the possibility to generate passive income though forex trading by profiting from the expertise of professionals.
Platform Look and Feel
The Share4you platform is modern and elegant unlike many other platforms of this kind in the business. Navigating using the intuitive interface is extremely easy. The platform does not include complicated and distracting elements of any kind.
In order to begin using the platform traders will have to create an account first. Traders will be able to create two kinds of accounts, which are the normal trader account and the so-called “Leader” account.
The normal trader account is for traders who wish to trade forex using the signals provided by professionals while the “Leader” account is for professionals who would like to provide forex trading signals to others. Only top-notch traders with proven expertise will be selected as leaders.
Features and Tools
The copy trading platform provided by Share4you contains multiple easy to understand features. Traders will be able to use various indicators in order to filter and select signal providers. Traders will be able to filter signal providers based on their profit rate, number of existing followers, aggression, strategy and previous performance.
After this, the only thing they will have to do is to press the “Follow” button. From here on the platform used by the company will take care of everything and traders’ only task will be to monitor the activity and watch how the platform will generate profits automatically.
At this moment there are close to 3,000 distinct leaders available to follow. The top-ranked leaders regularly achieve profitability rates of over 200% to 300%, which can be considered an outstanding performance in the forex trading business.
Share4you vs. eToro
Looking at the website and services offered by Share4you one will realize pretty quickly that the company intends to become a direct competitor of eToro. At this moment both the nature of the services provided as well as the website and trading interface is very closely resembling to those of eToro and its OpenBook platform.
We feel that the Share4you platform offers a somewhat better overview on the signal providers than DealBook. However, at this moment DealBook is still the best-performing platform in the business with the largest selection of professionals people can follow.
Share4you is a relatively new copy trading service provider that like explained, it intends to become a direct competitor to eToro. Despite being new, the company managed to already attract a large following of traders as well as professionals willing to become signal providers.
If this trend will continue in the future as well – and there is no reason to think that it won’t – then Share4you might become as large as some of the most important copy trading providers such as eToro.