FxPro, a forex broker regulated in Cyprus and the UK, said on Friday it will disable the cMirror functionality for clients using the cTrader trading platform. The functionality will not be available with the end of the trading day and until further notice.
Clients who use the cMirror will be required to close all open positions by the end of the market day. If they fail to do so, orders will be automatically closed at the last market price for the specific trading instrument.
cTrader, developed by financial technology company Spotware Systems, provides full STP access to the forex market. It features comprehensive charting tools, a wide range of order types, technical analysis, custom indicators, and a quick-trade option. It has chart templates and detachable charts, which can be used as stand-alone applications, and also allows algorithmic trading. The platform is available in desktop, mobile and web-based versions.
cMirror allows users to mirror the strategies of other traders and send orders in the same direction.
In addition to the cTrader, FxPro also offers its clients acces to its proprietary forex social trading platform FxPro SuperTrader, as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both developed by MetaQuotes.
FxPro has units registered in Cyprus and the UK and regulated by the local regulatory bodies – the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA), respectively. It offers complete services for all segments of the retail forex market, as well as trading with futures, indices, metals, shares, and contracts for difference (CFDs).
Source: FxPro
