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GetStocks aims to make Warren Buffets of everyone

Published: 14:56 30 Jul 2015 BST

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The app allows users to automatically copy other investor's trades.

Blindly following the moves of others is hardly a new phenomenon for investors.

Warren Buffet need only sneeze in the direction of a stock and punters will get their order books out.

A new online trading platform, called GetStocks, however, aims to take this ‘money see, money do’ approach to new levels.

GetStocks is designed to fuse electronic trading with social networking features that allow users to ‘piggyback’ other investors and automatically copy their trades.

According to GetStocks these would-be successful investors then receive a fee for every trade that is ‘followed’ by others.

Roy Shaham, co-founder and chief executive of GetStocks, says his company is creating a marketplace for all types of investors where trading performance is the critical factor.

“Experienced investors are given a new revenue stream where their knowledge and success is rewarded,” Shaham said.

“Novice investors have access to the information necessary to help them choose the right investment path.

“It’s not just a new investor product, it’s changing the investment landscape.”

GetStocks was recently backed by tech investor Moshe Hogeg, via the Singulariteam venture capital fund.

Hoegeg is the man behind Mobli, a video and photo sharing platform, and he is also an investor in single word messaging app Yo.

It is a Cyprus registered company and it is authorised and regulated by CySEC, the Cyprus Securities and Exchange Commission.

The GetStocks software will be launched on the Apple Store and Google Play.

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