Tickmill has enhanced its copy trading service through the integration of the latest SoFinX platform, providing a "brand new upgraded trading experience" for experienced traders and investors. The new platform will offer tools for users to replicate trades made by over 10,000 signal providers in the market. Edison Tuan, the founder and CEO of SoFinX, stated, "Tickmill has always been a pioneer in prioritizing customer service and technological innovation, aiming to elevate the customer experience to a new level."

Copy trading allows expert traders to openly share their trades, including both long and short positions, which can then be replicated by other traders. This means that if expert traders profit from their trades, those replicating the trades will also profit. As the expert traders whose trades are copied, they receive a certain percentage of profits from others.

The concept of copy trading or social trading has existed since the early days of electronic trading. Initially, traders shared their positions in forums and group chats, but as technology advanced, this process became more streamlined.

Companies like eToro and ZuluTrade dominate the social trading space, albeit with different models. While eToro provides its services alongside conventional brokerage services to clients, ZuluTrade collaborates with other brokerage firms to offer copy trading infrastructure to its clients. Interestingly, eToro is planning to go public, while Finvasia acquired ZuluTrade in 2021.

Tickmill entered the copy trading arena years ago following industry trends and even launched its own social trading platform last year. Recently, Tickmill, like other major brokers, has also started offering interest benefits to its clients, providing a 3.5% interest rate on their unused funds.