The ACY demo copy trading function offers a 6-month trial period, allowing traders to explore and test up to 5 signals to copy simultaneously.
Copy Trading, also known as social trading or mirror trading, is an increasingly popular service being offered by FX and CFD brokers, allowing (mainly) beginner and novice traders to copy the trades of more experienced traders. Thus the inexperienced traders get the benefit of the moves made by more seasoned traders, and the experienced traders can earn extra money via (usually) a percentage of the profits of those who copy them.
The FX broker which facilitates the copy trading service makes money via the increased spread revenue generated by higher trading volumes.
Copy trading is often offered via third party or white label platforms which integrate different copy trading related tools such as chat, portfolio balancing and trade sizing.
FX brokers which specialize in copy and social trading include eToro, NAGA.com, and Darwinex. A leading white label provider of copy and social trading services to FX brokers is Pelican Trading.
Multi-asset broker Vantage Markets lowers minimum deposit requirement for Copy Trading to US$50.
Binance is introducing copy trading for futures products in selected markets, enabling users to follow and replicate trading portfolios and strategies.
The Copy Trading app help copy traders to discover new signal providers, highlighting them by their historical performance.
We’re pleased to speak today with Joao Camarneiro, Head of IX Social, to walk us through the app’s latest developments.
eToro is updating its stop copy mechanism so that the copy position will fully close, and any halted stocks will move to the user’s regular portfolio.
With a younger audience utilizing social networks for a variety of tasks, more brokers are looking to add copy trading for their clients.
With IX Social 2.0, users can now choose from a variety of trading strategies that cater to different market conditions and risk appetites.
The briefing includes guidance on the qualification of copy trading services as an investment service, and sets out supervisory expectations.
Online broker eToro introduces “Stop Copy and Keep” – a new feature that allows you to keep your current assets when you stop copying other investors.