The Social Traders Review

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Contributor, Benzinga
April 27, 2021
The Social Traders
Best For
  • Improving trading strategies
securely through The Social Traders's website
1 Minute Review

The Social Traders is an online collaborative trading platform that connects investors with other investors. Offering a wide variety of free resources on the program’s most basic tier, it’s an informative and inclusive platform for traders of all experience levels. Three tiers are offered for traders with different interests and budgetary requirements. 

The Social Traders program enables comfortable trading from home while still being fully connected to an interactive trading community.

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Best For
  • People who want to improve their trading strategy
  • Anyone who wants a better understanding of the market
  • Seasoned and brand new traders alike who want to be part of a community
Pros
  • Free basic membership available
  • Community tool for traders
  • Free educational material provided for members
  • Great for those who are new to trading
  • Over 1,000 like-minded community members
  • Daily video content for market guidance
Cons
  • “Herd mentality” of a trading community may tempt users to be less thorough or strategic

The Social Traders Ratings at a Glance

Products and Services
Pricing
Customer Service
Mobile App
User Experience
Community
Overall Rating

With the world of trading and investing moved solidly to the online sphere, The Social Traders aims to provide a wealth of information to anyone who wants to learn or improve their strategy on the ins and outs of trading. A wide range of tools and services are offered on even the program’s most basic tier to accommodate all users, including 35,000 words of educational content and over 30 thorough informational videos.

Products and Services

Due to the extensive, informative material that The Social Traders platform provides, it receives a rating of 5/5. The program offers the following products/membership plans for users of all interest and experience levels:

Product #1: Free membership

Free membership with The Social Traders gets you:

  • Access to foundational Swing Strategy videos
  • Weekly Market Breakdown videos
  • Access to global “social trading” community
  • Access to The Social Traders Telegram channel
  • Monthly newsletters and educational tools
  • Introduction to the platform
  • Weekly trading newsletter
  • 24/7 access to the program via mobile or desktop

Product #2: Pro membership

With a Pro membership, you’ll receive:

  • Full access to “The Social Strategy” video content
  • Full access to 35,000-word bespoke “Social Strategy” written content
  • Extended weekly market breakdown videos
  • Access to a downloadable trading plan and backtesting spreadsheet
  • Access to pro-Trade Recap series
  • Access to the global social trading community
  • Access to The Social Traders Pro Telegram channel

Product #3: (AXI) Broker membership

The Broker membership is only available to certified social traders brokers, who must pay a minimum 500-pound trader deposit. This membership includes:

  • Full access to “The Social Strategy” video content
  • Full access to 35,000-word bespoke “Social Strategy” written content
  • Extended weekly market breakdown videos
  • Access to a downloadable trading plan and backtesting spreadsheet
  • Access to pro-Trade Recap series
  • Access to the global social trading community
  • Access to The Social Traders Pro Telegram channel

In addition to these three main products, there are several services available for members of all tiers:

Service #1: The Social Strategy

An easily accessible dashboard offering an array of tools to maximize strategy for both free and Pro members. The Foundation Series is free and includes an introductory overview as well as what you’ll learn — documentation of the trading journey, Tradingview setup and drawing market structure and market phases, to name a few. The Intermediate series, tips and tricks, psychology series and other options are exclusively available to Pro members.

Service #2: Extended Market Breakdown

The Extended Market Breakdown service is only accessible to Pro members and offers comprehensive overviews of both the 2020 and 2021 markets. This service features weekly videos of 10-12 setups to be traded during the week ahead, which have been forecasted well in advance.

Service #3: Pro (Community) Telegram Channel

The Pro Telegram Channel (also known as Pro Telegram Messenger) is designed exclusively for Pro members and sends extended expert trades, analytics and helpful trading news straight to a member’s mobile device throughout any given day.

Service #4: Trade Recaps

This feature is only available to Pro members and offers trade recaps from both 2020 and 2021.

Trade Recaps are updated on a weekly basis and cover the trades highlighted in the Pro and Free Telegram channel. An excellent resource for understanding the mentality and mindset behind the trades. 

Service #5: Slack Workspace Community

The Slack Workspace Community gives traders a centralized location to discuss, collaborate and share trading insights. Upload, post and share trading-related content with other members who are there to do the same. This feature makes it incredibly easy to connect with other like-minded traders.

Though these are external websites, The Social Traders links to both Tradingview and Forex Factory as helpful resources that members may be interested in exploring. These sites are listed at the bottom of the Social Dashboard page.

The Social Traders Pricing

Pricing for The Social Traders is rated 4 out of 5 due to the extensive list of resources offered to members of the free tier. Here is a breakdown of the monthly options. 

  • Free membership: No fee is required for unlimited access to free resources
  • Pro membership: £34.99 per month
  • Broker membership: £24.99 per month, with a £500 initial deposit

The Social Traders Customer Service

The Social Traders receives a customer service ranking of 5/5 due to the overwhelmingly positive feedback from members, who remarked that the owners of the platform (Dylan and Max) are helpful, knowledgeable and approachable. Users stated that their questions are always answered in a timely manner and praised the fact that direct contact is easy and encouraged on the platform.

The Social Traders Mobile App

Little is mentioned regarding user experience with The Social Traders mobile app; its primary function is to connect traders via the Telegram Messenger feature. Pro members receive updates, analyses and trade ideas throughout the day straight to their mobile device. Little information is provided about The Social Traders app — though nothing negative has been reported.

The Social Traders User Experience

The Social Traders has an incredible user experience. Among the comments listed on Trustpilot are favorable remarks about the platform’s user-friendly interface, value for money, a strong knowledge base of trading and the market, a great community atmosphere and responsiveness to questions.

The Social Traders Community

With so much interaction between members on The Social Traders’ discussion tools, such as Slack and Telegram, this category earns a solid 5 out of 5. Both free and Pro members commented on how like-minded and helpful the rest of the community is and how much growth is encouraged among all traders. The Social Traders provides a highly supportive atmosphere for everyone on the platform.

The Social Traders Overall Rating

With so many features available to members of all tiers, The Social Traders is an excellent online collaborative trading platform. Whether you’re just starting out in the world of trading or are simply seeking community with other traders, this platform offers a range of helpful tools and collaboration boards for those of all skill levels.

The Social Traders vs Competitors

Though The Social Traders has a number of competitors in the trading platform arena, this program stands out in a special way:

  • Number of free features and tools: The Social Traders provides so many free features and resources to its nonpaying members, so anyone can benefit from the services the program provides.
  • Emphasis on collaboration: There’s more than one way to communicate with other members using The Social Traders platform and direct messaging is encouraged with users of all tiers as well as with the owners of the program.
  • In-depth educational resources: From a staggering amount of written content and in-depth videos on trading and the market, The Social Traders certainly has no lack of resources and stands out particularly for the quality of content produced.

Frequently Asked Questions

Q
Is The Social Traders a scam?
A

No, The Social Traders isn’t a scam. The platform has many satisfied customers, highly responsive owners/founders, a number of reputable social media channels with decent followings and many free resources to take advantage of without paid membership. The site encourages and invites all questions to be submitted via email.

Q
Does the free program include joining the community?
A

Yes, the free program does include access to The Social Traders community, which is one of the best parts of the platform. Take advantage of the Slack discussion board or the Community Telegram channel (Telegram Messenger) to connect with other like-minded traders.

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