FXTM information and reviews
FXTM
93%
OctaFX information and reviews
OctaFX
92%
XM information and reviews
XM
91%
FXCC information and reviews
FXCC
90%
Libertex information and reviews
Libertex
89%
FxPro information and reviews
FxPro
88%

Covesting Fund Management Module on PrimeXBT


10 July 2020

The moment so many Covesting users have been waiting for is finally here: the Covesting Fund Management Module Beta is officially now live on the PrimeXBT trading platform.

Last year, PrimeXBT announced a B2B partnership with the Covesting team, who has been developing the project since the company’s inception. Now, the Covesting Fund Management Module beta is ready for users to try for the first time.

What the Covesting Fund Management Module Offers The Trading Community


The innovative new tool is unlike anything else found in the cryptocurrency market, and allows traders with high experience levels to create funds for new investors to invest in.

The end result has the two categories of traders profiting alongside one another, in a synergistic and significant way.

Imagine being able to invest into the trades of a legendary professional trader such as Peter Brandt, and being able to profit from the positions and trades he takes based on his over 40 years of trading and technical analysis experience!

Investors, or new traders looking to utilize and leverage the knowledge and experience of more sophisticated traders, can simply invest in one of the many top trader’s funds, and sit back to watch profits pile up at the hands of the more experienced trader’s strategies.

Fund managers earn a profit share of any earnings generated, and investors let their money and other traders do the work for them. The better the public performance rankings of each fund and the more the trader markets the fund to their followers, the larger the overall earnings can grow for all parties involved.

Covesting has created a unique peer-to-peer environment, designed to allow any trader to start his or her own career as a fund manager. However, because all traders of varying experience levels will be allowed to create a fund involving margin trading, these investments carry additional risks. All investors are recommended to conduct extensive analysis prior to investing into any fund on the Covesting Fund Management Module by reviewing performance in the Rating section.

It is important to understand that even the most successful traders cannot guarantee future profits, thus diversifying investments across multiple funds is the often the most effective and risk-averse strategy.

Covesting and PrimeXBT will enable investment functionality later this year.

Report Bugs and Make an Early Name for Your Fund


PrimeXBT is launching the Covesting Fund Management Module as a beta program to start to a subset of users.

Their goal is to allow these early beta users to thoroughly test the platform out to help discover and report any bugs on the platform, as well as being able to get an early start on creating a fund.

Beta testers interested in helping to shape and improve the platform through bug reporting can contact PrimeXBT via 24/7 live support chat, and report all details of the bug for consideration.

In addition to letting users try out the system early, the best part about the Covesting Fund Management Module beta phase is that it allows fund managers to get an early jump start on creating a fund, boosting performance ratings, and being fully ready for investors when the flood gates open on the full launch phase.

Fund Management Module Joins Other Profit-Generating Tools on PrimeXBT


PrimeXBT and Covesting clients interested in registering for the Covesting Fund Management Module beta, must first be a registered user of the PrimeXBT platform.

After registration, users may request early access to the Covesting Fund Management Module beta by entering their email address here.

Users with access to the beta program will be able to Create a Fund, Manage a Fund, view public Ratings, and access Portfolio performance data. During the beta phase, no investments can be made to allow ample time for performance tracking to take place so investors can make informed decisions about which funds to choose.

The Covesting Fund Management Module beta is now available on PrimeXBT. Register for the Covesting Fund Management Module beta today and let us know in the comments what you think about the new tool!

#source

Share:


Related

Just2Trade and delta.theta announce strategic partnership
Just2Trade and delta.theta announce strategic partnership

Just2Trade and DeltaTheta announce a strategic partnership, launching the new "regulated DEX" service. This product lets Just2Trade's clients trade options on cryptocurrency...

23 May 2022

World Confederation of Businesses Presents NordFX with Business Excellence Award for the Second Time
World Confederation of Businesses Presents NordFX with Business Excellence Award for the Second Time

For the second time, NordFX has received the BIZZ AWARDS, an award that the World Confederation of Businesses annually awards to companies that have achieved outstanding business success...

23 May 2022

FXCC: Why is a Trading Journal so Important?
FXCC: Why is a Trading Journal so Important?

Trading journals are comprehensive records of your trading activity. It involves recording the results of all your trades to evaluate your overall performance later on. This kind of documentation...

19 May 2022

Step up your investments in the blockchain market with MaxiWyse
Step up your investments in the blockchain market with MaxiWyse

Enter the blockchain markets without owning any digital currency. Invest in Bitcoin, Ethereum, Cardano, FTT, Solana, and many more...

18 May 2022

Get access to 2000+ trading instruments with Demaxis
Get access to 2000+ trading instruments with Demaxis

Demaxis results-driven team of experts goes the extra mile to create more trading opportunities and build distinctive value for our clients. We’re committed to putting our clients first...

18 May 2022

Olymp Trade's New Trading Signals
Olymp Trade's New Trading Signals

Trading Signals are instrument-specific real-time trading advice available on Fixed Time Trades (FTT) and Forex trades (FX) trading modes of the Olymp Trade platform. Read the article to see how Olymp Trade...

17 May 2022


Editors' Picks

HFM information and reviews
HFM
87%
IronFX information and reviews
IronFX
86%
FXCM information and reviews
FXCM
85%
LegacyFX information and reviews
LegacyFX
83%
NordFX information and reviews
NordFX
82%
FP Markets information and reviews
FP Markets
81%

© 2006-2022 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.