Online social trading platform and broker Darwinex said on Wednesday it has introduced a new feature that enables users to hide one or more of their strategies. Strategies that have been hidden can easily be made visible again.
This new option will prevent other traders to see what they are working on. The feature could be useful to traders who are testing a new strategy and to those who are not after investors’ capital, but would rather benefit from the trading conditions the broker offers.
Users should note that they cannot hide their trading strategy if they have a Darwin follower attached to them. A Darwin is a type of investment strategy where a trader’s activities are followed by investors and each trade they make is reflected on investors’ accounts, as well. If strategies are hidden investors would not be able to see what the trader they are following is doing and would not be able to make investment decisions.
Traders can hide and make strategies visible again with a single click within the Trading Accounts section of the platform.
The broker said it added the new features in response to the feedback it received from clients.
In addition, Darwinex will also updated during the weekend on 21-22 May, 2016, its server for the MetaTrader 4 (MT4) trading platform to the latest available build (950), the broker said in a separate notice.
Darwinex is part of Tradeslide Trading Tech, a company licensed and regulated by the UK Financial Conduct Authority (FCA). The social platform supports trading in forex and contracts for difference (CFDs) instruments. Darwinex was set up in 2012 but started operations in 2014 and recently reported a profitable first year.
As a social trading platform, Darwinex competes with eToro, ZuluTrade, Tradeo, FxPro SuperTrader, SwipeStox and Tradency, among others.