PelicanTrading Review: Deep Dive Into Copy Trading Solutions

While the majority of investors lose while investing in complex trading instruments, others are brave enough to go big with the help of various trading tools. These software solutions offer a variety of features that could potentially help you make more educated investment decisions or even copy the strategies of successful trading veterans. 

Whatever option you choose to rely on, caution is advised. Therefore, our PelicanTrading review explores what one copy trading app has to offer, along with its background and user satisfaction.

Who Owns PelicanTrading Brand?

The PelicanTrading copy trading system is developed and offered by a Cyprus-based limited company incorporated under the following name:

Signals, copy trading, and other tools offered by this company are just a portion of what this EU firm has to offer. After all, the company’s main activity is actually centered around crypto exchange services. For that, they have also acquired necessary licensing, primarily from the state regulator – CySEC:

Although operating from several domains, each with its purpose and user base, the company is still registered and regulated by other entities, as well:

In a legal sense, the conduct seems to be in accordance with the applicable laws and regulations, although the site listed in the FCA database isn’t active (pelicanexchange.com). Why regulations matter for proper safety is something we also discuss in our Alpha Wave Global review.

Besides this, they’re also present on various social networks like Facebook, LinkedIn, and X, although their following is relatively small.

Pros & Cons

While certainly a reliable source of information regarding customer satisfaction, PelicanTrading reviews on Trustpilot also reveal a major source of concern. Although not present in a particularly high number, almost all of the ratings are low, suggesting users’ dissatisfaction with the alleged data manipulation and theft of funds.

The PelicanTrading app for iOS is rated 4.1 out of 39 ratings. Clients who have downloaded this software report various bugs that compromise the app’s functionality. However, the majority are content with the service.

Google Play store ratings for the PelicanTrading Android version have been omitted for whatever reason, while the app has been downloaded about 10k+ times from here. Let’s sum it up.

PelicanTrading Accounts and Costs

Getting started means first downloading the software. The company has a page dedicated to listing the available PelicanTrading download content, depending on your devices and operating systems:

After a quick installation, you are prompted to log in with an existing account or register for a new one. After that, you are given the choice to link your brokerage account with the app in order to either copy trades or provide strategies:

At any point, users can discover lists of the most lucrative options to copy trades from, which are further ranked after different filters referring to drawdown:

If interested, clients can select the particular strategy and further explore the profitability, levels of risk, returns, leverage, and other parameters:

Considering the service is free, unlike with EverTrader, you are always welcome to explore and try out new solutions. And while the PelicanTrading auto trading system may seem like a viable option, caution is advised. As the disclaimer on the firm’s homepage mentions, the majority of traders investing in highly volatile instruments still lose.

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