What Is A Copy Trading Platform? How Does It Work?

copy trading platform

Forex is a market with trade volumes exceeding $7 trillion per day. This sounds incredible. The industry is huge and attracts a lot of traders who want to enter it.

Statistics show that Forex is a popular investment option for between 5-10% of traders. Others lose their money and become frustrated. Forex isn’t synonymous with gambling. Luck doesn’t really matter. The success of traders is largely based on their experience, continuous progress and tons of information.

Over 30% of beginners market players consider Forex too complex. They don’t have the time or willpower to learn about its trading mechanisms, basics, strategies, tools, and other details. Instead of trying to understand the FX theory, they rely on experts. This is known as copy trading. What are the principles behind a platform that allows users to copy trades of others?

copy trading platform

Two options are available to new entrants when they join such a platform. Either a master or investing account can be opened.

Master account: Brand-new opportunities to be successful traders

Both investors and traders can benefit from copy trading. You do not have any additional responsibilities. Master accounts are designed to allow subscribers to make the most of your skills and experience. Investors copy the trades of a trader who continues to open and close new positions based on his strategy.

What are the top-rated features of a copy trading platform?

Brokerage companies are required to link copy trading platforms review due to the rapid growth of this popular trade. What are the key features to consider?

“Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment.”

  • Forex markets are rapidly shifting towards digital currencies. This is why platforms need to be able to access crypto assets.
  • Brokers have more options than ever before. To manage copy trading, activate different settings and limitations.
  • High-quality copy trading solutions can be used with in-demand trading platforms (MetaTrader 4, or 5).
  • To ensure that the platform runs smoothly, it should be on an isolated server.
  • Reverse copy trading is also in high demand. Investors copy the trades of unlucky traders and the system flips deals upside-down.