just now
October 23, 2023 - According to a recent client-focused study by multi-asset broker Vantage Markets, there's a growing interest in copy trading. Over 60% of their active trader base on the Vantage App indicated an appetite to try copy trading.
Surprisingly, the survey unveiled that nearly one-fifth of the respondents (19.7%) had little to no knowledge about copy trading but showed a keen inclination to learn more about how it may benefit them. Almost half (47.5%) voiced their anticipation for more compelling incentives to make the leap.
Acting on this feedback, Vantage has made a strategic move to reduce the barriers to entry for clients to try copy trading. The broker has now slashed the minimum deposit prerequisite from US$200 to a mere US$50.
Lian Jie, Assistant App Marketing Director at Vantage, stated, "Our clients are looking for a means to expand their portfolio and maximise their returns with minimal cost, so our reduced minimum deposit provides a lower barrier for them to explore copy trading and adopt it as part of their trading strategy."
Acknowledging the appetite for knowledge amongst novice copy traders, Vantage is rolling out a series of instructional content. This planned educational material will encompass everything from the ABCs of account setup, the essence of copy trading, to intricate trading tool tutorials.
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