Social Trading Forex Brokers with Binary platform

A number of social trading forex brokers also offer separate platforms for trading binary options. These brokers can usually be categorized into one of three groups; brokers that offer social trading with forex & CFDs, brokers that offer social trading with binary options, and brokers that offer social trading in both binary options and forex & CFDs.

Social trading platforms for binary options differ from other types of social trading platforms in the way that these platforms just allow the trader to understand the market sentiment, and not directly copy the trades made by others. However, this type of trading, which is sometimes referred to as “crowd trading,” can be very effective if done right.