Broker Vantage Markets has lowered the minimum deposit requirements for Copy Trading, as a recent survey conducted by the company showed that more than 60% of active clients are interested in Copy Trading option.
In addition, the survey data showed that 19.7% of respondents were not familiar with Copy Trading and would like to learn more about it, with 47.5% of respondents hoping to see more enticing incentives and promotions.
The broker listened to its users and announced a reduction in the minimum deposit size from $200 to $50, effective October 23, FNG said.
Our clients are looking for a means to expand their portfolio and maximize 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," said Lian Jie, Assistant App Marketing Director at Vantage.
In addition, many novice copy traders have reported a lack of educational resources in the Vantage Copy Trading environment. As such, the broker plans to release a series of training programs and user guides in the coming months that will allow users to learn the ins and outs of Copy Trading.
"Our additional educational materials will be beneficial to all our traders, from novices to experienced traders," Lian Jie said.
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