Sirix Trader - Review of the transaction platform

The Sirix Trader transaction platform is the work of the company Leverate, an international institution present on the market since the 2008 year. Leverate's activity is very complex. However, in order not to go into too many details, I will only say that it focuses on services addressed to brokers by offering them primarily technological solutions, including trading platforms.

The Sirix platform is strictly focused on Social Trading, i.e. social trading. Its recipients are primarily people who:

1. They can invest effectively and want to increase their profits (traders - managers),
2. They can not invest and want to rely on the trading of others (investors).

The app has never been very successful. It's a pity, because it looks pretty good compared to its rivals. Perhaps it appeared too late, when she had to fight strong competitors right from the start - ZuluTrade, MQL Signals, or eToro. But its authors did not give up, expanding their functions to include trading on cryptocurrencies. And this is how SirixCRYPTO, a Sirix Trader clone, was created, expanding the ability to copy games from the cryptocurrency market.

Sirix Trader versions offered

Sirix Trader is available in three versions:

• Web,
• Mobile,
• dedicated to Tablet devices.

Mobile versions are available for both iOS and Android. Each of them offers similar functions. Of course, with a slight indication on the Web, which has the greatest potential. And we will also focus on it. Novelty, SirixCRYPTO, it's actually a clone of the standard version, and the possibilities are no different.

Interface and configuration

Simplicity and transparency are the main advantages. The "greatest opportunities" must not be exaggerated either, because there are not that many of them. The platform is available in as many as 20 languages, including Polish. We can choose one of two color versions - dark or light. As with most platforms, the dark side wins. It is less tiring for the eyesight and, contrary to appearances, it is more transparent. Apart from that, there are practically no configuration settings.

Sirix in the browser view supports .html5, which makes it works extremely quickly and efficiently. The number of available instruments depends on the broker we choose, but the demo versions dominate CFD per share from around the world, basic commodities and currency pairs.

On the downside - inactive right mouse button, but after testing many Web platforms, it can be said that it is almost the standard.

Demo version

I really liked the solution proposed by the authors. We have the opportunity to test the platform on a demo literally after two clicks. No forms, e-mails, confirmations, SMS codes ... Click and it's ready! Amazing - it's a pity that it is so rarely used by software vendors. All we have to do is go to the platform's website and select the button Experience Sirix.

Unfortunately, as a standard, we get access to the account with ... an overdraft. This means that in the demo version we do not have the option to test copying or even entering orders on our own.

Tools and possibilities

When assessing Sirix, you must remember what it is for. This is not a typical trading platform, although you can trade on it. It is typically targeted at Social Trading. As a result, the opportunities offered are heavily narrowed as unnecessary by the authors. However, we have a pretty nice, legible graph in three varieties (linear, candlestick, bar) with the Full-screen option, a set of basic AT indicators, drawing tools, macroeconomic calendar, and even a library of knowledge with articles, divided up on the 8 category. To me, that's all you need here for happiness.

There is also a nice market sentiment. It is a pity that it is limited to the group of popular instruments. There is also a lack of information on what it is calculated on - probably based on the transactions of Sirix users, but there is no certainty.

Copying orders

What is more important is the copying of orders and access to statistics. And in this respect everything looks good, a bit like in a children's game (this is suggested, for example, by profile pictures of traders). Is it wrong? A matter of taste.

Leverate in the brochure informs that Sirix brings together over 100 000 traders. It's hard for me to estimate if it really is. There are certainly a lot less managers, but it is not possible to say how many. What's interesting is that by using Sirix Trader, regardless of the broker with whom we have the account, we get access to the whole community. This means that we do not limit ourselves to clients trading with the same broker as us.

The most important are the statistics of managers. And here is both positively and negatively.

Plus for clear presentation and 3 different rankings. Everything is clear and legible, and the start of copying a trader is a matter of three clicks.

The downside is the fact that at the entrance we do not see information about the withdrawal of capital (Drawdown). Fortunately, it is not suppressed, but you have to go into the details of a specific trader's profile every time. We can find there a lot more data, such as portfolio, risk assessment, position history, and even a list of friends, followers and watchers.

Brokers offering Sirix Trader

In my opinion, this is the weakest element of Sirix. The platform has never really hit the market, thanks to brokers who did not get the point. Regulatory changes also did not help, which gradually made it more difficult to engage in social trading projects.

There are not many brokers who offer Sirix Trader. Leverate boasts that there are about 100 of them, but I have the impression that these figures are highly overstated. I know only three companies personally from the entire list, which I managed to make personally, while about 130 brokers from around the world have already passed through my investments.

Brokers offering Sirix Trader

Sirix was once used by larger players such as IronFX, FXCM, and even TMS Brokers under the GO4X brand, but eventually gave up in favor of the more popular competition - ZuluTrade - or, in the case of TMS, they completely ceased to operate in the social trading segment.

Sirix Trader - Overall Rating: 6,5 / 10

It is impossible to get the impression that the platform is addressed primarily to beginners who will surely appreciate its clear interface and intuitive operation. Limited possibilities of analysis and closing everything in the Web environment makes advanced traders feel unsatisfied. And certainly, many details could still be improved. But it wasn't supposed to be a comprehensive solution, was it?

If you are interested in social trading, it is definitely an application worth attention. The problem may be a small number of popular brokers who have it in their offer.

More reviews of platforms can be found in the section TRANSACTION PLATFORMS.