On Wednesday, Pelican announced its push to expand its industry reach. Pelican added Eurotrader and XpertAlgo as its two new white-label partners to its Copy-Trading solution.
Both companies will integrate Pelican’s solution into their existing trading platforms to offer copy-trading services to their traders.
Mike Read said they were pleased to continue their rapid expansion in the FX market with their two new partners. Mike Read is the co-founder and CEO at Pelican Trading.
He added that their white label copy trading solution was the industry-leading solution that ensured each client benefited from the accessibility of their products. He said the solution was more beneficial, especially during the turbulent times when the market volatility remained high.
Demand for Copy-Trading Is Soaring
Pelican is based in London and regulated by the Financial Conduct Authority, and offers white-label copy trading solutions to brokers.
Both iOS and Android support its copy trading solution, allowing traders to auto-copy signals, chat, execute trades and analyze performance.
It operates in a lucrative market when the demand for copy-trading services is soaring with the influx of retail traders. More and more brokers want to offer such services to their customers.
Earlier, the company inked a similar partnership with AvaTrade for the CFDs brokerage’s foray into copy-trading services.
According to Sergei Grigoriev, EuroTrader continues to address individual traders’ needs by expanding its product offering. It’s also expanding to those traders who want to participate in online trading through copy trading or an account management system.
Sergei Grigoriev is the Head of Risk at Eurotrader.
Richard Whelan also added that he was familiar with all the copy-trader technology firms available. However, Pelican’s technology stood out as best suited for their business.
Pelican’s technology integrated seamlessly with other tech partners, and they looked forward to working with them long-term.