We do not recommend this platform for social trading. Please use Binary Options Robot for safe trading.
Social trading is more popular than ever, and Soxange is the latest social platform for binary options trading that showed up on the market. Many traders are interested in Soxange trading experience, as it may vary from one user to another. Good and reliable social trading platform is of the same importance as good, reliable and trustworthy broker. Soxange experience may be good or bad, depending on who you ask.
Soxange review will give traders a deeper insight into the world of social trading with this platform.
About Soxange Trading Platform
Soxange is a binary trading platform based on social and copy trading. This way, traders should be able to gain profit even without prior knowledge, simply by relying on the knowledge and skills of others. In order to gain profit, the trader has to find some reliable traders and follow what they are doing. According to the website, this will make Soxange experience better and more profitable.
However, it is completely normal to have some doubts regarding promises provided by a service.
After a short examination of the website during Soxange review, it was noted that it lacks some important and crucial information. This could make Soxange trading experience less profitable. Traders have the right to know all the important information before they give their personal data and register. Such lack of info could indicate that this is not the best social trading platform.
Soxange Trading Platform
According to the website Soxange trading experience is unique on the market. Yet, there are some things that simply prove that is not true. For example, there is no minimum deposit amount mentioned, or even fees explained. Soxange claims to have provided over 3 million of trades, without any proof. It is not bad to accentuate your good sides, but traders must know all that the platform is all about and get realistic promises.
The website also contains a table with real time tables, but it was impossible to verify whether or not they are real or just a cute widget on the website.
When the social or copy trading platform is not providing enough information it is natural to look for them. In the FAQ section, FBO team never got some very basic information that is crucial for responsible trading.
All that was found out was that the traders have to find their guru, or a person with a high-profit rate. Users can do this by filtering the list of gurus according to the assets they are trading. Traders are free to create their trading portfolio as they like, but it is preferred to copy manual traders. They place original trades and are more reliable than mere copiers.
Once the trader has chosen the guru, it is good to go and check out the profile. There, traders can find all the trades placed and copy the ones they find attractive. It is important to note that the investment by copy traders are executed in the amount proportional to the existing capital.
This means that traders also have to count on doing some math to follow the trades properly. It is not very convenient for those users who are oriented on fast-paced trading.
Gurus on Soxange Platform
Copy trading with Soxange can be a good or bad experience depending how the trader chooses the gurus. Gurus are traders who have the most successful trades. Usually, they trade manually and can be considered superstars on Soxange. They have a group of fans or followers who are following their every trade. For this reason, they have additional benefits, compared to regular traders.
For every successful trade, they gain 3% additional profit that comes from the profit generated by the traders who copied the trade. They can also get additional bonuses and benefits, depending on how good they do. Of course, this comes with terms and conditions attached, but most of them are not available for anyone except gurus.
Beginners shouldn’t be allured by these lucrative offers as it takes a lot of effort and experience to become a guru. Beginners will have the best Soxange experience when using copy trading.
Soxange Copy Trading Conclusion
Professionals will probably gain the most from their Soxange experience. They can gain even more profit, and win additional benefits if they are successful. Their manual trading makes a difference for everyone.
Soxange doesn’t have to provide such amazing experience for everyone. The lack of detailed terms and conditions, as well as some deeper insight into the world of trading, is a bit disappointing. Soxange review showed that there are no brokers listed on the website and it is impossible to trade without them. Expecting for traders to make their decision after registering is bad practice.
There are better social trading platforms that will provide better trading experience than Soxange. Try Binary Options Robot that offers auto trading.