XTB Releases Brand New Social Trading Feature
XTB recently released a new social trading feature that will enable users to follow top investors, and the feature will also help traders view investors' portfolios.
XTB recently released a new social trading feature that will enable users to follow top investors, and the feature will also help traders view investors' portfolios.
XTB announced early in 2024 that it would faithfully adhere to its roadmap, with the new feature marking a step towards its completion. XTB's social product permits traders to track successful investors, observing their portfolio compositions and statistics.
Comments also indicate that the feature allows users to receive customized notifications about trades. XTB mentioned in discussing the recently added feature that the platform has been consistently seeking a solution that meets users' expectations for social functionality while aiding them in following others' products.
In 2024, XTB rolled out a series of significant product developments, with the latest release being one of them. The company recently introduced a feature to assist users in currency exchange within their investment accounts.
Furthermore, XTB has enhanced its investment application, incorporating more advanced features. Following its release schedule, the platform will launch bond trading in 2024. XTB CEO Omar Arnaout commented on the newly released products.
Omar believes that the new products aim to address gaps in the financial industry, as user-centric functionalities become increasingly popular and imperative.
Currently, this feature has only been added in the Polish region. However, XTB plans to extend this feature to other markets.
Top investors available for users to follow will be ranked using an algorithm that evaluates the profitability and risk, diversification, concentration, and other factors of their portfolios. This product allows clients to devise their detailed strategies using various data.
Given XTB's strong promotion of passive investment, the success of such products will determine the platform's market performance. If XTB Social's data proves promising, the platform will likely soon introduce similar functionalities.
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