FAQs

What are the benefits of hosting your financial community on Parallel Traders platform?

  • We have an automated payment system which will handle your rooms subscriptions and user access into your rooms.
  • Live Screen Recording so you can visually educate your community.
  • Encrypted chat feature to constantly monitor and mentor your following.
  • Document uploads.
  • Analytics Dashboard to assess your growth and income earned.
  • Ability to host competitions for your followers to test their skills and earn income from the competitions that you host.

What are the benefits of joining an Education or Idea room?

  • We have included the fundamental trading and education tools for traders to engage and upskill themselves.
  • Watching your mentor trade in real time via the screen recording.
  • Charting tools to do your very own analysis without having to leave the website.
  • Educational tools and access to educational documents supplied by your mentor.

What is the difference between and Education and Idea Room? 

  • An Education Rooms is for educational investment institutions who want to host their courses online. Institutions can create company profiles and invite their educators to list their courses under the created educational profile.
  • Idea Rooms is for individuals who have their own financial community and give monthly mentorship classes.

What are the benefits of joining a hosted competition? 

  • The competitions can be joined with just a click of a button and we auto generate trading accounts for the user.
  • Trading competitions are a great way to compete with high rewards and low risk.
  • The top 10 traders will share the rewards. Check out comps to see the live breakdown.

What are the benefits of creating your own competitions? 

  • Engage with your following in a personal way, like no other platform allows.
  • You can custom build the competitive trading environment/competition to upskill your following and allows for the upside rewards.
  • You will receive a 15% income of the total profit pool when hosting a competition and enhance your brand engagement throughout the platform.

What are the other features included on the platform? 

  • Parallel Traders virtual trading system will give users a chance to experience the markets without the downside risk. It is a fun, risk-free way, to test different strategies without the hassle of opening new accounts with brokers.
  • The Trading Journal will give users the ability to mark their trades during and after the trades are executed. We have done this as we believe that traders should learn from their past successes and failures.

What are the fees to be part of the Parallel Traders platform? 

  • The Parallel Traders platform is free to use.
  • We add servicing fees onto the transactions that occur on the platform.
  • We add a 10% fee on all courses and/or monthly subscriptions.
  • Parallel Traders hosted competitions take between 10% - 20% servicing fee and for affiliate hosted competitions we take a 5% servicing fee.