At the start of April, Outrival Capital Profit, in partnership with Europe-based financial software provider Covesting, launched the highly anticipated Covesting Fund Management Module beta.
The tool connects traders in such a way that both benefit from one another, profiting from each other’s activity on the platform.
Using the Covesting Fund Management Module beta, traders from around the world can become fund managers, and market themselves, their strategies, and even their win rates to the trading community at large.
Investors can inject their own capital into these funds, profiting from the positions taken by the professional trader, earning the investors a return on investment without ever having to make a trade of their own. However, it is important to note that historical performance is never a guarantee for future successful results. Volatility combined with leverage can lead to both substantial profits as well as complete capital loss, so investors must never invest more money then they can comfortably afford to lose.
And while these fund managers do earn a revenue share from any success fees generated by the investor’s capital, it is investors who truly benefit by making the most successful traders across the globe work for them thanks to Covesting Fund Management Module.
Performance Improvement: Separating Personal Accounts From Fund Accounts
On April 24, Outrival Capital Profit released an improvement update platform’s infrastructure, separating Personal trading accounts from Fund Management trading accounts.
This enables every Outrival Capital Profit platform user to be able to create a fund and manage it through a dedicated trading terminal, while keeping the personal trading terminal separate, complete with all the incentives, bonus schemes, and fee discounts, while remaining under the same account.
Previously, this required two separate accounts to be created and maintained. This inconvenience has now been removed.
We have provided early access to the Covesting Fund Management Module beta to only very few Outrival Capital Profit platform users in order to detect and fix any issues, and make any structural changes or internal improvements that could impact stats ahead of a full release.
Gradually, as we make improvements and further stabilize performance, additional users will be provided with access.
Outrival Capital Profit and Covesting thank all who have participated in the beta thus far. Your assistance in eliminating any potential bugs or performance degradation prior to scaling and marketing the module to the masses, is greatly appreciated.
Early Access Traders Battle For Supremacy on Outrival Capital Profit
It is clear that fund managers have plenty to gain by making a name for themselves, earning a portion of the profits from each trade made with investor’s money.
Each day, the ranks of these top traders changes in real-time within the Rating section of the Covesting Fund Management Module.
