Top Social Trading Networks and Platforms.
Below is a list of the leading social trading networks (mainly Forex, though some stocks, indices and commodities too). As a social trading network we identify any website or company which enables traders to share their trades and/or trade ideas with other traders. Our main focus is on Forex networks which offer both a social trading and community aspect, as well as autotrading capabilities . This is the functionality which allows investors to automatically copy or mirror the trades from other traders on the network in their own trading account.
5m+ Professional Traders to Copy from $5k CryptoFund $100,000 Demo Account!
Top 3 Social Trading Brokers 2017.
Demo Account: Yes.
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Demo Account: Yes.
Min Deposit: $100.
List of the leading social trading platforms and networks:
The following platforms and networks focus on social networking and/or content aggregation only. I. e. no automated trade copying:
This market is evolving very rapidly with new networks and solution providers trying to take a piece of the social trading market space, so expect this list to grow. We purposely left out some of the very small social trading networks which only have a few traders or strategies available on their platform to copy, or some companies who’s platforms are still in beta testing phase.
Some companies may disappear as well. E. g. Alpari discontinued its TraderConnect social FX service in June 2014, IBFX discontinued Connect one month later, Currensee closed on October 31st 2014, ZipSignals ceased trading in December 2014, FxPro closed their SuperTrader platform in Q 2016, Signal Trader closed on December 5th 2016, Gallant “Trade Copier” ceased in April 2017 and TradeCrowd in June 2017.
As we mentioned before, please read our full reviews of the major ones (based on first hand investment experience), or try some of the key ones which offer social trading demo accounts (list here). We also created a table which compares all the key features of the major social trading platforms and networks which may be useful too.

Options Trading Terminology.
Options Trading Basics.
Options trading has its own vernacular. To get started with the basics of trading options, it’s important to familiarize yourself with options trading terminology. (This will also come in handy when you are reading Cabot Options Trader , my premium options advisory service.)
What is an Option?
An option is a contract that allows you to buy (call option) or sell (put option) a certain amount of an underlying stock (100 shares unless adjusted for a split or other corporate action) at a specific price (strike price) for a set amount of time (any time prior to its expiration).
Free Report: How to Hedge Portfolios with Options.
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With little knowledge on the best strategies, you can use options to rig the odds in your favor and make trades that have up to an 80% probability of success. Find out how in this free report, How Options Work—and How to Hedge Portfolios with Options .
Options Trading Terminology.
Call Option.
A Call option gives the buyer the right to buy 100 shares at a fixed price (strike price) before a specified date (expiration date). Likewise, the seller (writer) of a call option is obligated to sell the stock at the strike price if the option is exercised.
Put Option.
A Put option gives the buyer the right to sell 100 shares at a fixed price (strike price) before a specified date (expiration date). Likewise, the seller (writer) of a put option is obligated to purchase the stock at the strike price if exercised.
Strike (or Exercise) Price.
The strike price is the price per share at which the holder can purchase (for Call options) or sell (for Put options) the underlying stock.
Exercise is the process by which an option buyer (holder) invokes the terms of the option contract. If exercising, Calls will buy the underlying stock, while Put owners will sell the underlying stock under the terms set by the option contract. All option contracts that are in-the-money (i. e. have at least one cent of intrinsic value) at expiration will be automatically exercised.
Expiration Date.
The expiration date is the last day on which the option may be exercised. Monthly listed stock options cease trading on the third Friday of each month and expire the next day. Weekly options cease trading on Friday of that week.
Hedging is a conservative strategy used to reduce investment risk by implementing a transaction that offsets an existing position.
Covered Call.
A covered Call is a Call option that is written (sold) against an existing stock position. The call is said to be “covered” by the underlying stock, which could be delivered if the call option is exercised.
Intrinsic Value.
The intrinsic value of an option is the amount of profit that can be theoretically obtained if the option is exercised at that moment and the stock either purchased (for calls) or sold (for puts) at the current market price. If an option has positive intrinsic value, it is said to be “in-the-money” (ITM) and if it has negative intrinsic value it is said to be “out-of-the-money” (OTM). For instance an XYZ May 25 Call would have $1.50 of intrinsic value if the stock were trading at $26.50, regardless of its market price at the time.
Time Value.
Time value is the amount by which an option’s market price exceeds its intrinsic value. In the case above with the XYZ May 25 Call priced at $3.00 while XYZ stock is trading at $26.50, the intrinsic value is $1.50 and the remaining $1.50 is time value. If an option is out-of-the-money (i. e. has no intrinsic value) then the entire market price is considered time value.
The price of an option is called its premium. Prices are quoted per share, but premium is usually the entire dollar value of the contract (Price per share X 100 shares = total premium).
Time Decay.
Because options have an expiration date, all options are wasting assets whose time value erodes to zero by expiration. This erosion is known as time decay. Time value varies with the square root of time, so that as an option approaches its expiration date, the rate of time decay increases.
To be “long” an option simply means to have purchased it in an opening transaction and thus to own or hold it.
To be short an option means to have sold the option in an opening transaction. (A short position is carried as a negative on a statement and must be purchased later to close out.)
LEAPS (Long-term Equity AnticiPation Securities)
These are long-term options with expiration dates as far out as three years, usually expiring in January.
Quick Profits, Controlled Risk.
Jacob Mintz is a professional options trader and Chief Analyst of Cabot Options Trader . He uses calls, puts and covered calls to guide investors to quick profits while always controlling risk. Beginners and experts alike can gain from following Jacob’s advice.
This post was originally published on November 3, 2016 and is periodically updated.
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If you visit the United Trading Network’s website, you are immediately bombarded by an 11 minute auto-playing video at maximum volume . The video introduces you to Professor Anthony Grecko, a Professor of Business Finance at an unnamed university.
He introduces us to four of his star pupils who have apparently created a social trading platform for forex, which he doubts the ‘Forex Facebook’. The result was so impressive that it won recognition at the International Investing and Entrepreneurial Symposium for Millennials and also won a contest in the International Forex alliance with a grand prize of EUR100,000.
The name of this ‘Forex Facebook’ is of course, the United Trading Network. Professor Grecko then hands over the floor to its project manager, Adam Fletcher. Adam, who as a freshman aspired to be a hedge fund manager, is a member of the campus investment club.
At this club he met, Jaleel Bashir, a talented trader and expert at technical analysis. Since Adam was more of a fundamental analysis kind of guy, they decided to team up.
The idea of the social trading platform was Adam’s idea and after discussing it with Jaleel, they approached Professor Grecko for guidance and support. He agreed to mentor them and brought in the two remaining members of the team, Matt Kirby and Lydia Williamson.
Matt was an expert in investment banking and commodities trading while Lydia, a statistics expert, was there to help them on the systems side. Lydia created the algorithm that the platform operates on and explains how it analyzes potential trades , compares it to the trading strategies and then offers high quality signals based on these strategies.
She further explains that not all members of the United Trading Network are eligible to vote on the signals, only the top traders. This ensures that members of the network will only be following the signals generated by top traders.
The video concludes by them explaining that while using the United Trading Network software is completely free, a minimum $250 deposit with one of their partner brokers is required to join the trading network.
The Truth Behind The United Trading Network Video.
Unlike the majority of binary options robots out there, United Trading Network refrains from making the outlandish claims that are so common in the industry. There are no claims of earning thousands of dollars a day risk free, nothing about becoming a millionaire within a year while sitting at home on your couch, and no justification of using top secret algorithms that the big banks are trying to hide from the public in order to maintain the status quo.
Nope, at first glance and to the untrained viewer, the claims made in the United Trading Network seem plausible. An 83% win rate does not seem too excessive, there are no guarantees of free money, and the social trading justification appears to make sense.
The promotional video, while less absurd than other shady robots, is still laughable.
This aspect sets the United Trading Network apart from all the other binary options robots on the surface; unfortunately on the inside they are both the same. Here’s the truth, despite the more plausible claims, every single claim in the United Trading Network is completely bogus. Absolutely none of them are to be believed. Let’s examine the evidence.
First, notice the fact that the name of the university is never mentioned. That’s very strange considering that a lot of their credibility comes from having a reputable professor at the helm.
Second is the ‘award they won from the ‘International Investing and Entrepreneurial Symposium for Millennials’; a quick Google search will show you that no such organization exists. Neither does the ‘International Forex Alliance’; another fictitious organization.
According to the promotional materials, signing up is a fast process.
And the reason for this is because Professor Grecko and his students are nothing but actors. In this case, they are all actors from Portland, Oregon, which for some yet unknown reason seems to be the place that shady binary options robot creators like to shoot their promo videos. If you don’t believe us, we even managed to track down the real identities of a couple actors in the video.
First up is Professor Grecko. He is actually an actor named Dennis Fitzpatrick and he is represented by the agency by the name of Arthouse Talent. He has also appeared in numerous binary options robots promotional videos; you may recognize him as ‘Walter Green’ from the Millionaire Blueprint.
Another actor we were able to identify was the actor playing Matt Kirby. He is also a local Portland actor named Matt Sunderland, represented by the Q6 Talent agency. No idea who the other three actors are, but you can be sure that they are also local actors from the area.
Another thing we want to point out is that at no point in the video are the words ‘binary options’ even mentioned in the video. All the actors repeated mention the word forex instead and if you only watched the promotional video, you would think that United Trading Network was a forex trading platform not a binary options one.
Yet on their website they only mention binary options . A possible explanation for this contradiction is that the promotional video was initially created for a forex product and has been repackaged for binary options instead.
Always Read the Disclaimer.
When evaluating the truth behind the claims of all these binary options robots, you should always read the website’s disclaimer. Often, that will be the only bit of truthful information you can find. In the case of the United Trading Network, that is certainly true. Here is an excerpt from their ‘Website Agreement’ disclaimer.
“The Videos – the videos displayed on the Website are provided for informational and promotional purposes only and should not be relied upon in making decisions and are for simulation only by using actor(s) and demo accounts.
These videos were made in order to give you a sense and feel for what may be achieved while using the Software. The videos may not be accurate or based on accurate past true events, and are for simulation purposes only.”
The disclaimer says it all i. e. everything you saw in the promotional video was completely fictitious. And by the way, while an 83% winning ratio seems ‘low’ in comparison to what the other binary options robots are claiming; it is no less realistic.
If there really existed software that could generate an 83% winning ratio, you can be sure that they would never give it away for free.
How the United Trading Network Really Works.
There is nothing revolutionary about this system.
The United Trading Network works just like all the other binary options robots out there, and that is through affiliate marketing. These binary options robots partner with binary options brokers and in return for referring customers to the broker, they get a nice affiliate commission every time someone funds a trading account with the broker.
This is why the robots are always offered for free, their incentive is for you to sign up with their partner broker, not pay them any money directly (although you are paying them indirectly). Unfortunately, in order to promote their robot services, they have to resort to outlandish claims that are easily disproven.
The auto-trading software itself is just white label software bought off the shelf; in the case of United Trading Network, the software they use is exactly the same as another binary option robot, Trader’s Buddy.
Conclusion.
The United Trading Network is not a legitimate social trading network, rather it is just a generic auto-trading software with a fictitious backstory.
You will most definitely not enjoy anything close to an 83% win rate when using this software; further you will also have to use an unregulated and potentially unscrupulous broker to do so. We highly recommend that you stay away from this network.
Prominent disclaimers displayed.
Fictitious claims. Unregulated broker.
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