Social trading app guide · Reviewed 2026-11-08

Best Social Trading App: glossary

Published by Legend. Legend owns this guide and benefits if you become a customer. This is a company reference, not an independent review.

Definitions for social trading app guide.

Social trading

Market discussion and shared trading activity through profiles, feeds, or communities. Reading a trading idea is different from authorizing its execution.

Copy trading

Execution that follows another trader under the product’s rules. Your allocation, fill prices, fees, and timing can make your results different.

Drawdown

A decline from a stated reference value, often a previous peak. Always identify the reference and time window before comparing percentages.

Profit share

A portion of qualifying profit payable under an agreement. It is separate from exchange or execution fees. Check its calculation and payment conditions.