Pelican Expands Copy Trading Offering Through DXtrade Integration
Pelican has expanded the range of copy trading functionalities available through its integration with DXtrade. The move gives brokers using DXtrade access to Pelican's complete copy trading capabilities. It aims to help them attract more clients, retain existing users, and increase trading activity.
Full Copy Trading Suite to DXtrade
Pelican powers copy trading services for more than 60 brokers through its cross-broker and cross-platform strategy network. The platform provides access to more than 9,000 live strategies sourced from those brokers. Now, brokers licensing DXtrade can access Pelican's full range of copy trading features within the platform.
Features Available
The integration introduces several capabilities to support brokers as they grow their businesses.
Higher Trading Volumes Through Copy Trading: Copy trading lets a single strategy execute across thousands of copier accounts at the same time.
Cross-Platform Trade Copying: Pelican supports copying across multiple trading platforms. Brokers and traders can copy trades between MT4, MT5, cTrader, DXtrade, and Match-Trade.
Regulated Copy Trading Framework: Pelican has regulatory permissions from the FCA, CySEC, DFSA, and FSC Mauritius.
Monetization Opportunities for Introducing Brokers: The system includes automatic performance fee collection and in-app referral features. According to Pelican, this model generates more than $1 million in monthly payments on average.
White-Label and Integration Capabilities: Brokers can launch fully branded mobile, web, and desktop applications using Pelican's white-label offering. APIs are also available for firms that want custom integrations or support for proprietary platforms.
Executive Insights
Mike Read, Director at Pelican, explained that DXtrade gives brokers the freedom to build the trading environment they want. He said Pelican complements that flexibility by bringing a live cross-broker strategy network that works across different platforms rather than remaining confined to one ecosystem. According to him, this lets brokers launch copy trading with immediate access to strategies and develop it into a meaningful source of revenue.
Jon Light, Senior Director of Product Management at Devexperts, emphasized DXtrade's ability to support both standard deployments and customized implementations. He noted that the platform's open APIs make it easier to integrate third-party services such as Pelican. He added that offering Pelican's complete copy trading functionality through DXtrade can help brokers strengthen client acquisition and retention efforts while boosting trading volumes.
About Pelican Trading
Pelican Trading provides access to over 5,000 community strategies. It is known for its intuitive mobile app. The app seamlessly combines trading, copy trading, and networking features. It creates an all-in-one solution for social trading enthusiasts.
About Devexperts
Devexperts specializes in financial software development. They provide trading platforms, market data services, and financial analysis tools. Devexperts collaborates with leading financial institutions worldwide.
Devexperts created DXtrade. It is a customizable trading platform solution for brokerage firms. It offers services like risk management, client profiling, and execution strategies. Its objective is to provide brokers with a flexible and scalable system tailored to their specific needs. DXtrade aims to deliver a high-quality, efficient trading environment.
Wrapping Up
Pelican has made its full copy trading offering available to brokers using the platform. The combination of cross-platform copying, regulatory coverage, monetization tools, and flexible integration options aims to help brokers grow their client base and increase trading activity.
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