FollowTrade is a social trading platform that lets retail investors copy the trades of vetted "Star Traders" across stocks and cryptocurrencies, with regulated order execution and KYC handled by licensed eBroker partners. The service provides risk scores, optional risk collars, and a community forum, while rewarding experienced traders through a tiered revenue‑share program.
Funding
Funding not disclosed
Founders
Product
Problem
Retail investors often lack easy access to reliable market insights and a straightforward way to replicate the trades of experienced peers, making it difficult for beginners to start investing confidently.
Solution
FollowTrade offers a social trading platform that lets users follow and copy the trades of friends, family members, and vetted “Star Traders.” The service integrates regulated order execution partners to handle trade fulfillment securely and compliantly for both stocks and cryptocurrencies. Users can view risk scores, verified performance histories, and optional risk collars to manage exposure. The platform also provides a community forum for sharing ideas and a tiered rewards program that incentivizes top traders to contribute their strategies. By combining social interaction with regulated execution, FollowTrade simplifies the investment journey for non‑traders while offering tools for more experienced users to monetize their expertise.
Target Audience
Primary users are retail investors and beginner traders seeking guided entry into stock and cryptocurrency markets, as well as experienced traders who wish to earn rewards by sharing their strategies.
Features
- Integrated MAS‑licensed eBroker partners ensure compliant order execution and KYC handling for stocks and crypto.
- Copy‑trading functionality allows one‑click replication of trades from selected Star Traders.
- Transparent risk scoring (1‑5) and optional pre‑set risk collars to limit potential losses.
- Tiered Star Trader program (Silver, Gold, Platinum, Diamond) with revenue share, AUM thresholds, and certification requirements.
- Community forums and social feeds for sharing market insights and discussing strategies.
- Virtual currency account for practicing and managing funds within the platform.