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Social Trading with CMarkets Group – A Review

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Social Trading with CMarkets Group – A Review

Cryptocurrency trading had been one of my main interests in 2020, I read the news and seen the latest development in prices, so I decided it’s about time for me to find a brand that is solely focused on this market.

I have read reviews, blogs, different kind of articles, and decided to jump the wagon and give a shot to CMarkets Group, mainly because their offer includes several interesting trading features and the availability of social trading on top of it. 

What is the CMarkets Group?

As mentioned in their website, CMarkets Group is a cryptocurrency trading platform established in 2019, designed to provide cutting-edge technologies to users from all around the world, expect several restricted jurisdictions like the US.

After trading with them for several months, I concluded that this is a platform designed for crypto traders wanting to take advantage of cryptocurrencies in a safe and easy environment.

Social Trading Available at CMarkets Group

When it comes to Social Trading with CMarkets Group, this is very likely one of the most important trading features available. Integrated into the proprietary trading platform, Social Trading enables all traders to access trading ideas from experts.

I like that you can see live who are the top-rated traders, as well as their performance based on P/L and the total number of copiers. The social stream is updated each time one of the experts part of the program place a trade.

Although I don’t think simply copying trades without your expertise would be ok, I am using the service to get a picture of what other traders that are more experienced than me, think about the market. The combination of a trading strategy and the benefits of Social Trading seems to be working fine.

It is not uncommon that CMarkets Group wants to provide a helping hand for beginners and traders that still need to develop their trading skills, considering the markets are growing and customers demand more tools aware of the competition.

Social Trading is on-demand also by expert traders because using professional trading ideas can always provide an extra edge. But one thing is for sure, the social trading feature gives the trading experience and extra depth, and playability.

Cryptocurrency Offer

As a cryptocurrency trading platform, CMarkets Group is a place where you can trade on tens of different tokens, on margin. The brand covers some top cryptocurrencies (Bitcoin, Ether, Litecoin, Bitcoin Cash, etc.), as well as tens of other promising altcoins (Ethereum Classic, Stellar, EOS, BURST, Dash, etc.).

I am glad to see that I can trade on all these cryptocurrencies denominated in fiat currencies like USD or EUR, or take advantage of some of the most liquid crypto-to-crypto instruments denominated in BTC, ETH, USDT, and XMR.

With this cryptocurrency offer, CMarkets Group has a leading advantage over other trading brands that are still covering just a small share of the cryptocurrencies available, ignoring the huge potential of altcoins and the increased demand for crypto-related products among retail traders.

Trading Apps

CMarkets Group relies on proprietary software to ensure an optimal trading experience. Sirix is a well-designed platform, suited for the volatile environment of the crypto market. It comes in versions for desktop and browser, but at the same time, you can use it on your smartphone or tablet.

While using the CMarkets Group app for iOS (and Android) I was able to keep track of the market, even while on the go. This is must-have considering cryptocurrencies continue to be very volatile and sometimes I need to act fast before I get back at my desk.

Final Words

Social Trading had proven to be a very efficient tool for cryptocurrency trading. Integrated into Sirix and accessible from any device, it makes the process smoother and more insightful, considering you can get to benefit from the expertise of other professional traders.

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