The broker RoboForex has developed an investment platform called “CopyFX,” which allows you to subscribe to a successful trader and copy their trades to your trading account.
What is copy trading CopyFX from Roboforex
If you haven’t encountered a service of this kind before, here’s some introductory information about how to work automated copy trading service CopyFX, developed by popular broker RoboForex. Recently, the trading and investment method based on copy trading has become quite popular. Its essence lies in copying all or some of the trades opened and closed by a more experienced, professional trader.
Thanks to this functionality, not only experienced traders but also novice traders can participate in trading on financial markets. This is due to the ability to copy trades of professional traders with a proven reputation and profitable trading. In other words, for beginners in financial markets who have not yet grasped how the financial market works, what forces drive it, and have not developed their strategy for market entry and exit, copying trades will be not so much trading as investing in a successful experience. However, for experienced traders, copy trading can become an interesting option for diversification if they can receive signals from other players with more profitable trading.
Copy trading services have become an excellent alternative for investors who want to invest money to increase their initial capital but do not have a lot of time or trading experience for independent trading. Thanks to copy trading, many traders have been able to successfully invest their funds, improve market analysis skills, and earn with minimal effort without knowledge of how to conduct technical/fundamental market analysis or apply received forex signals.
On the internet, you can find many communities of copy traders on social networks and specialized forums that share already developed strategies and tactics for investing in copying trades, which allows for increasing the profitability of their work in this direction. After all, it is also important for a copy trader to have an initial understanding of the process of selecting and filtering traders whose trades will be copied. The CopyFX service from RoboForex offers all the necessary tools for this and is in no way inferior to other offers in the financial market.
To start using CopyFX for investing and earning, choose the role of an investor or a trader. These are two completely different roles, although the same user can be both an investor and a trader. A CopyFX investor is a user who selects and copies trades of chosen traders to their accounts for a certain reward. A CopyFX trader is a participant of the copy trading platform who trades on their accounts and offers their trades to investors for copying for a commission or a share of profits. To maximize income on CopyFX, you can choose both roles and successfully combine them.
How to become a CopyFX investor at RoboForex?
The role of an investor in copy trading is attractive because you don’t need to know all the intricacies of Forex and other financial markets to make a profit – it’s enough to simply select a trader with high profitability and automatically copy their positions. When a trader earns from their trades, the investor also profits.
The platform has a flexible subscription system that allows controlling every stage of investments and fund allocation. CopyFX investors have access to all statistics on trades, and a subscription to a trader can be stopped at any time.
The CopyFX website from the RoboForex broker presents the Rating of traders on the platform, so choosing the most effective one from them will be easy. You can use the filtering system to immediately identify the most suitable traders based on your criteria (profitability, account age, maximum drawdown size). Additionally, you can subscribe to several traders at once if your account has enough funds to copy all their positions.
On the internet, you can find many communities of copy traders on social networks and specialized forums that share already developed strategies and tactics for investing in copying trades, which allows for increasing the profitability of their work in this direction. After all, it is also important for a copy trader to have an initial understanding of the process of selecting and filtering traders whose trades will be copied. The CopyFX service from RoboForex offers all the necessary tools for this and is in no way inferior to other offers in the financial market.
The downside of this trade copying system is that all trades of the trader are copied to your account – both profitable and losing ones. Don’t forget about this. Although commissions are paid to traders only for profitable trades, it is important to choose traders for copying and configure copying modes with special care.
To become a CopyFX investor, register with RoboForex, open and fund any trading account on the MetaTrader 4/MetaTrader 5 platform, choose a trader you like, and start copying their trades by subscribing. All profits earned from copying, except for commissions paid to the trader, will remain in the investor’s account.
How can a RoboForex trader become a trader on CopyFX?
If you trade successfully on financial markets and want to share your knowledge and experience, registration as a CopyFX trader is an excellent opportunity to earn additional income for your familiar work without any additional burden.
There are two options for rewarding for copying trades on the platform: you can receive a commission for each copied position closed with profit from your account, or you can receive a percentage of the total profit of the investor for all copied trades during the subscription period. You can also start working as a trader without commissions from investors, attracting new subscribers with a strong competitive advantage – no fee for copying your trades.
How much does a CopyFX trader earn?
Depending on the chosen commission scheme, the CopyFX trader determines the size of their reward themselves:
- If the “Commission” scheme is chosen, a fixed payment for profitable trades is set – from 1 to 10 USD.
- If the “On profit” scheme is chosen, a percentage reward from the investor’s profit is set – from 5 to 50%.
To become a CopyFX trader, register on the RoboForex website, open a trader account, fund it, and then set subscription conditions for investors and start trading. The results of your trading activity will be displayed in the platform’s Rating, where potential investors will see them. The higher your profitability, the more subscribers (investors) you will attract and the more additional income you will be able to receive from commissions from subscribed investors for trading on Forex.