CopyFX Review: The best Copy Trading platform by RoboForex

RoboForex Broker offers a Copy Trading system called CopyFX, this Broker is very popular for Forex Trading because it specializes in investment automation.

Copy trading could be a fashionable manner of finance funds, which suggests the procedure of repetition orders performed by the passed through traders to your commercialism account. these days we'll review a well-liked platform for copy-trading CopyFX designed and supported by RoboForex.

What will the CopyFX platform offer?

The procedure of copy-trading could be a cooperation of 2 parties, a dealer associated an capitalist. A dealer opens a commercialism account within the CopyFX system, performs dealing through the platform, and demonstrates some bound results. associate capitalist, in their flip, uses the rating of dealers to assess their statistics and commercialism ends up in order to create a choice regarding repetition orders of a trader (or several) that they realize attention-grabbing.

This cooperation is dependent. CopyFX could be a platform for traders, wherever a victorious dealer, World Health Organization will trade with a stable profit, will increase their profit by attracting investors. CopyFX is additionally a platform for investors, wherever they need the chance to settle on the foremost victorious traders from the rating and conjointly receive cash in on commercialism on the Forex market, whereas paying traders they're signed to some a part of this profit as a commission for repetition.

How to use CopyFX

A dealer uses MetaTrader four, a terminal that's acquainted to everyone within the world of commercialism. they'll produce many accounts and use completely different ways. associate capitalist will copy orders to any of their MT4-based accounts, excluding dealer and affiliate accounts. associate order is traced to associate investor's accounts at an equivalent it's performed by a dealer. There aren't any fees and charges for victimization CopyFX.

To help investors assess the results of traders' operations and create the foremost appropriate option to take, the corporate has created a special tool known as the Rating. The Rating displays traders' statistics online:

Profitability

Account opened, days

Maximum drawdown

Balance

Number of subscribers (investors)

Number of orders (trades)

Every dealer has their own participant card, that contains complete data on their active mercantilism accounts, as well as the history of orders (trades) and subscriptions.

Risk management in CopyFX

Participants of the system have access to a tool known as Investor's Calculator, which might be wont to produce a balanced portfolio of subscriptions to many totally different traders. Traders area unit hierarchical by profit and divided into 3 groups: low, medium, and high risks. once specifying the total to be invested with and also the investment amount, furthermore because the distribution of risks between 3 teams, you'll see a foretold results of your investments supported the present statistics exclusive of traders' commission.

Types of repetition and commissions

The CopyFX platform offers 5 modes of repetition orders (trades):

A take a look at mode permits to repeat traders' orders with a similar minimum heap and offers the chance to check their mercantilism methods with minimum risks.

A flexible mode provides the chance to repeat traders' orders at intervals a mere share vary from 100 percent to ninetieth. it's totally convenient if Associate in Nursing capitalist has less cash than a dealer.

In a commonplace mode, your derived volume of orders is that the same because the trader's. it is a sensible choice if deposits of a dealer Associate in Nursing an capitalist area unit equal.

A risky mode helps you to repeat traders' orders with Associate in Nursing increased volume. This mode is employed once Associate in Nursing capitalist has far more funds than a dealer.

A proportional mode permits to repeat traders' orders with the amount, that is mechanically outlined by the system supported the magnitude relation between funds owned by Associate in Nursing capitalist and a dealer.

Traders receive a commission for his or her mercantilism ends up in 3 totally different ways:

A dealer on profit receives a share of Associate in Nursing investor's profit.

A dealer on commission receives a commission for every profitable order.

A dealer while not commission receives no commission for his or her orders being derived. This methodology provides permits beginner traders to demonstrate their results and attract investors.

Trader's affiliate program

The CopyFX contains a trader's affiliate program. A dealer has the chance to line affiliate commission conditions for his or her mercantilism account so as to draw in additional investors. Anyone United Nations agency needs will become Associate in Nursing affiliate and attract new investors, therefore increasing a trader's profit and receiving commission for that.

Conclusions

CopyFX could be a convenient service that provides sure-fire traders the chance to receive further financial gain from their subscribers (investors). Investors will opt for the foremost sure-fire and stable traders from the rating in order that they might receive profit by repetition orders to their mercantilism accounts. additional elaborate data concerning however the system works may be found on the CopyFX official web site or the RoboForex blog.