Trading platforms / social trading platforms / signal following
FinTechs belonging to this category operate trading platforms or online marketplaces for investment opportunities or certain financial contracts – e.g. securities, factoring etc. and sometimes furthermore provide contact to financial experts and tools for the decision-making.
FinTech-signalling and social trading platforms provide users with the opportunity to exchange opinions on financial investments and offer signal providers and traders the possibility to make their securities portfolio publicly visible. This way the portfolios can be linked to and followed by other traders via the platform automatically, so that the trading and investment strategy of the followed traders can be copied.
The platform often cooperates with a financial services provider or a credit institution where both the trader and the follower hold their securities accounts, and which execute the orders both of the trader and the follower and to which the platform passes on the trading decisions.
Attitude of the country towards trading, social trading or signalling platforms
There are no trading platforms or social trading platforms in Egypt yet, but there are global platforms so anyone can trade through them.
Obligations and requirements to provide trading, social trading or signalling platforms described above
There are requirements and obligations needed to trade in the Egyptian stock exchange. However, there are no obligations or requirements for the trading platforms because there are no Egyptian platforms to date.
Additional comments regarding the legal situation for trading, social trading or signalling platforms or what FinTech’s must be aware of in this business area
Market size for trading, social trading or signalling platforms and biggest companies in this business area
There are no Egyptian platforms that provide this kind of activity. There are only companies that have a license to trade in the Egyptian stock exchange.
Additional comments regarding the economic situation for trading, social trading or signalling platforms or what FinTech’s must be aware of in this business area
These kinds of platforms are unknown or unpopular in Egypt and few people are interested in these kinds of platforms.