Social.Trade announced updates to its platform that is disrupting the way investors engage with each other and markets.
The development comes as the broker-agnostic social trading fintech looks to add to its user's edges. Traditional social trading platforms force traders to manually type out and share their trades with followers.
Social.Trade, on the other hand, has an ‘Automated Alerts’ bot that instantaneously shares trades across social media like Discord, Twitter, and Telegram, allowing followers to participate more quickly.
The Automated Alerts bot allows traders to share which asset they are trading in their brokerage account to the communities of their choosing. Traders can also use this bot to manually share across multiple platforms within multiple communities on those platforms all at once.
All trades are verified, and integrated brokerages include Charles Schwab Corporation-owed TD Ameritrade and Tradier, with TradeStation and Interactive Brokers coming soon.
Why It Matters: Social.Trade’s value is beyond that of a service for users to share verified trades. The firm also offers in-app trading to follow other trades, along with real-time news as well as tools to analyze trade performance.
Note: For live brokerages trades a price is not included when sharing the trade. When manually entering a trade, a user may share a price.