Any opinion about the legality of social trading would be useful?

<p id="isPasted">In many jurisdictions, social trading falls under the umbrella of financial services or investment activities, which are subject to regulation to protect investors and ensure fair and transparent markets. Regulators typically focus on areas such as investor protection, licensing requirements for brokers or investment platforms, risk disclosures, transparency, and anti-money laundering measures.</p><p>It's important for social trading platforms and traders to comply with relevant regulations, obtain necessary licenses or registrations, and follow prescribed guidelines. Failure to do so may result in legal consequences, penalties, or the shutdown of platforms.</p><p>As the regulatory landscape continues to evolve, some jurisdictions have specific regulations or licensing frameworks tailored to social trading activities. However, in other regions, the existing regulations governing traditional investment activities may apply to social trading as well.</p>