Copy trading allows you to directly copy the positions taken by another trader. You decide the amount you wish to invest and simply copy everything they do automatically in real-time – when that trader makes a trade, your account will make that same trade as well. You do not need to have any input on the trades, and you get the identical returns on each trade as your chosen trader. But by copying another trader, you could potentially make money based on their skills. In fact, no advanced knowledge of the financial market is required to take part!
Copy Trading is both a product and a service. We cater to both the traders and investors looking to capitalize in the cryptocurrency trading. Being able to copy trades from several expert traders and also allow investors to follow one’s trades is a great service in and of itself.
The history of copy trading goes back to 2005 when traders used to copy specific algorithms that were developed through automated trading. Brokers recognised the potential of having systems where any linked to that trader could automatically copy their trading account. There was no need to constantly monitor email signals or trading ‘chat’ rooms. We think they were onto something. Out of this were born services that allowed traders to connect their personal trading accounts to their platform. Traders no longer had to submit their specific strategies. The popularity of copy trading has since exploded. 1 in 3 say a traditional stock market approach is over-complex and this can be simplified by automatically following traders.
WHO ARE THE EXPERTS
We carefully select and approve expert applicants. We examine their trading performance over a period of time. We also tend to look for expert who already have a following to further confirm their competence (social proof). You can also read about every expert on their individual performance pages. Trading bots are also tested and regulated.
HOW DOES THIS WORK
Here is how the copier works: You, simply select a suitable Trader or Bot account in the copy trade marketplace. Traders and Bots may have different copy fees and may require different leverage. Click subscribe and select a duration for the copy trading subscription. The copy fee will be deducted from your account.
Make sure to have enough available base currency that your expert trades with, in your trading account. How much is enough? First, you must meet the copy account's minimum order amount (leverage). That means that if your expert executes a 5% order, you must have at least $300 in your account total value (at 100% expert allocation as an example). This also means that you need to have at least 10% or higher in available base currency to avoid missed trades.
When the expert exits a position, you too will exit it. Automatically. You can also request to pause the subscription at any time.
