What is Social Trading with wikifolio.com from the perspective of the traders, and what are the advantages?
All registered users on wikifolio.com can implement their own individual trading ideas as wikifolios, i.e. free virtual portfolios, on wikifolio.com. wikifolios can form the basis for an exchange-traded financial product with its own ISIN.
A comprehensive investment universe of exchange-traded product is available for implementing the trading idea. This includes stocks, ETPs and funds for English wikifolios. wikifolios created in German are based on an investment universe of up to 250,000 stocks, ETPs and structured products from Lang & Schwarz, HSBC Trinkaus, Société Générale and UBS.
The already implemented trading ideas on wikifolio.com range from day trading with individual securities to broadly diversified buy-and-hold strategies all the way to wikifolios of wikifolios, that is to say trading ideas that include wikifolio certificates.
The use of wikifolio.com and the creation of virtual portfolios, i.e. wikifolios, is free. There are no transaction costs of any kind for trades. On the contrary: If the wikifolio trader achieves a positive performance, they can improve their return with an additional success bonus.
Unlike many conventional investment products, wikifolios distinguish themselves by their high transparency. All decisions of the wikifolio trader can be tracked in real time. In addition, a complete trading history, the so-called “track record”, is recorded.
Could joining a trading community make you more successful? Or maybe you would like to connect with other traders from all over the world, share your market knowledge and get a quick access to reliable trading information? If you answered "yes" - then Social Trading would be the most effective approach.