Many social trading forex brokers offer web-based trading platforms to their clients. These platforms typically have a modern and intuitive look, and some traders consider them easier to use than the traditional downloadable trading platforms. Another great benefit with web-based social trading platforms is that they generally work on any computer as long as it has an active internet connection.
Whether they are built as a web-based or downloadable trading platforms, social trading platforms are designed to be extremely easy to use, even for completely new traders without any experience. By borrowing elements from social media platforms, these trading platforms make it easy to interact with and copy trades made by other trades, understand market sentiment (“crowd trading”), as well as compare the performance of the many traders who are sharing their portfolios with the community.