SEOUL, Nov.29 (Korea Bizwire) – Afreeca TV has announced that it will be officially launching its new ‘FreeCap’ service, which allows users to invest in overseas futures through social trading methods.
Social trading is a method in which investors connected with a network make a decision through real time communication.
FreeCap will apply ‘Follow Trading’ first and adopt ‘Copy Trading’ next year.
Through Follow Trading, investors can get information about what the highly profitable ‘Leaders’ invested in through Afreeca TV’s HTS (Home Trading System) and then decide whether to invest or not.
On the other hand, Copy Trading automatically invests in the item as soon as information about the investment the Leader made is received.
Currently, FreeCap Trading allows investments in the Mini S&P 500, Mini NASDAQ 100, Australian dollar, English pound, Canadian dollar, Euro FX, Micro Euro, Crude oil, Gold and Euro dollars.
To receive information on where the Leader invested, users can install Afreeca TV HTS and ‘Follow’ or ‘Copy’ the Leader they like. Installation and information usage is all free.
Afreeca TV is also holding a competition called the ‘Afreeca TV Investment Contest’, with a cash prize of 50 million won going to the winner. The purpose of this competition is to introduce the service to users and give them a chance to experience its features as well as discovering talented investors.
By Francine Jung (email@example.com)