FxStat Group
Encyclopedia
FxStat or FxStat Group is a financial services company created in April 2010 and focusing on the foreign exchange market
. FxStat's forex platform initially provided social network
ing and financial analysis features. The company expanded its services in 2011 through FxStat Tradebook, a real-time automatic trading platform that members use to automatically execute trades in their account by following signals from other traders
.
providers.
Users can set their account to follow other member's trades and automatically execute them, becoming signal followers. In order to get FxStat's approval as signal providers, traders' accounts have to be proven real accounts and with a positive trading results history. These experienced investors are chosen by their followers using the analytics and performance comparison features. Users are still able to set their own trading rules while following a provider, like trading on a fixed lot, maximum open trades or maximum open orders, stop loss or maximum floating loss.
FxStat covers over 1,000 brokers worldwide. In July 2011, broker FxOpen announced the integration of FxStat Tradebook in its platform.
FX STAT Ltd UK is regulated and authorized by The Financial Services Authority.
Foreign exchange market
The foreign exchange market is a global, worldwide decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends...
. FxStat's forex platform initially provided social network
Social network
A social network is a social structure made up of individuals called "nodes", which are tied by one or more specific types of interdependency, such as friendship, kinship, common interest, financial exchange, dislike, sexual relationships, or relationships of beliefs, knowledge or prestige.Social...
ing and financial analysis features. The company expanded its services in 2011 through FxStat Tradebook, a real-time automatic trading platform that members use to automatically execute trades in their account by following signals from other traders
Trader (finance)
A trader is someone in finance who buys and sells financial instruments such as stocks, bonds, commodities and derivatives. A broker who simply fills buy or sell orders is not a trader, as they are merely executing instructions given to them. According to the Wall Street Journal in 2004, a managing...
.
Tradebook Program
In April 2011, FxStat launched Tradebook, a paid service offering automatic real-time trading through signalForex Signal
A Forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time . The signal is generated either by a human analyst or an automated Forex robot supplied to a subscriber of the forex signal service...
providers.
Users can set their account to follow other member's trades and automatically execute them, becoming signal followers. In order to get FxStat's approval as signal providers, traders' accounts have to be proven real accounts and with a positive trading results history. These experienced investors are chosen by their followers using the analytics and performance comparison features. Users are still able to set their own trading rules while following a provider, like trading on a fixed lot, maximum open trades or maximum open orders, stop loss or maximum floating loss.
FxStat covers over 1,000 brokers worldwide. In July 2011, broker FxOpen announced the integration of FxStat Tradebook in its platform.
FxStat Group
FxStat Group (BVI) was created in April 2010 and currently has offices in UK (London), Saudi Arabia, Jordan (Riyadh), Hong Kong and China (Beijing).FX STAT Ltd UK is regulated and authorized by The Financial Services Authority.