for 4.50% equity
Financial trading is tough. The FCA revealed that over 80% of traders lose money. This is no small issue given there are 13.9m online traders globally. Typically, retail traders trade alone which can lead to poor decision making. Pelican solves this by integrating execution with communication. Think IG meets WhatsApp.
Data now shows that the average percentage of profitable CFD traders on social trading platforms is around 33%, which is around 10% higher than with traditional brokers. Brokers now recognise that social trading improves clients’ profitability. As far as we are aware, Pelican is the only FCA-Regulated social trading app built to allow multiple brokers to connect their clients to a central network. Pelican’s social DNA and unique features are why brokers from around the world are now interested in partnerships. Initial partners include the world’s number 1 CFD and spreadbetting platform; IG. CFD trading is the start. We believe that the benefits of trading socially also apply for shares and sports betting. These huge markets are planned in 2019.