FxStat or FxStat Group is a financial services company created in April 2010 and focusing on the foreign exchange market. FxStat's forex platform initially provided social networking [1] and financial analysis features. The company expanded its services in 2011 through FxStat Tradebook, a real-time automatic trading platform that members use to automatically execute trades in their account by following signals from other traders.
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In April 2011, FxStat launched Tradebook, a paid service offering automatic real-time trading through signal providers.[2] Users can set their account to follow other member's trades and automatically execute them, becoming signal followers. In order to get FxStat's approval as signal providers, traders' accounts have to be proven real accounts and with a positive trading results history. These experienced investors are chosen by their followers using the analytics and performance comparison features. Users are still able to set their own trading rules while following a provider, like trading on a fixed lot, maximum open trades or maximum open orders, stop loss or maximum floating loss.
FxStat covers over 1,000 brokers worldwide. In July 2011, broker FxOpen announced the integration of FxStat Tradebook in its platform.[3]
FxStat Group (BVI) was created in April 2010 and currently has offices in UK (London), Saudi Arabia, Jordan (Riyadh), Hong Kong and China (Beijing).[4] FX STAT Ltd UK is regulated and authorized by The Financial Services Authority.[5]