The trading app is free and there is NO minimum balance to open an account and connect to a professional trader, friend, family member, trading service. So, anyone can test drive the app.
The launch of the Social Trading App is phase two of Ditto Trade’s Social Investing strategy.
In October 2010, Ditto Trade launched proprietary technology that for the first time gave a customer the ability to take part in the actual trade of another; while maintaining complete control and transparency.
Since the launch, customers have Ditto’ed hundreds of thousands of stock and option trades of their Lead Traders.
These Lead Traders are friends, family members, professional traders, Investment Advisors, money managers, alert/trading services and newsletters.
Another feature of the Social Trading App allows users to view the trades they Ditto’ed, detach and take control, or sell instantly. A user can even detach from the trade of a Lead Trader in the middle of the trade being executed.
Ditto Trade will be announcing in the upcoming weeks, several partnerships where they will be providing Ditto trading and Mobile technology to other companies breaking into the social investing space. “We expect to become the de facto transaction engine for all social investing companies spawning from Facebook and Twitter,” added Fox.
“With the current market volatility, there is no surprise that many retail investors are on the sidelines. When you do not have the time to monitor the market in real-time you have two choices. The first is to stay out of the market and miss opportunities. The second is to use Ditto Trade to connect to others,” concluded Fox.