Copy Trading is something that has become fashionable in many Brokers because it allows inexperienced people in the market to get profit from it by copying the operations of other successful Traders and of course this in turn is beneficial for the Brokers who offer it, because it allows them to acquire a greater amount of clients for these services, however you must bear in mind that Copy Trading does not guarantee any profitability because the risk of capital loss is present at all times just like when you trade on your own account.
As with the success of Brokers who offer Cryptomime Trading the same happens with those who offer Copy Trading services as more people open accounts with them, allowing them to obtain greater benefits for both the Trader and the Broker. Bearing in mind what I have mentioned before I want to point out in this entry the best Brokers that you can choose to do Copy Trading.
Attention Copy Trading does not guarantee profits as the risk of capital loss is always present even if copied to third parties. Moreover, remember that by ESMA measures for residents of European countries the maximum leverage in any Broker is restricted from 1:2 to 1:30 depending on the asset that is used for trading.
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What are the best brokers to do Copy Trading?
In the number one position we have the Broker HotForex which from my point of view offers the most complete Copy Trading service that can be found called HFCopy and is a 100% regulated Broker, when an investor copies the operations of other people can make profits even if he does not have any knowledge about the Forex market, to be more specific when copying the investments of other people you can get up to 35% of the profits that the Trader who is copied based on the amount of money that is allocated to the Copy Trading process. (The minimum deposit in an account starts at 5 dollars depending on the type of account you open with the Broker for more information visit the entry “Trade with HotForex Broker“).
On the other hand in HotForex you can decide if you want to be a strategy provider to allow others to copy you and earn a small commission from people who copy your successful transactions, for more information on HotForex CopyTrading system visit the entry “Know HotForex Broker’s Copy Trading system HFCopy“. As I said, Copy Trading does not guarantee a safe return for investment processes, remember that the risk of capital loss is present, on the other hand if you want to register at HotForex you can do it from here:
(Remember that the Copy Trading account is available for both followers and strategy providers, the only thing that varies is that followers must make a minimum deposit of 100USD and providers a minimum deposit of 500USD).
(In the video related to this entry RoboMarkets is mentioned but as this Broker is only available in Europe under the new regulation of June 2018, it is best to use RoboForex as it is available in both Europe and America and neglects RoboForex and RoboMarkets belong to the same company and their characteristics are similar the only thing that changes is the entity that regulates them).
In second place we have RoboForex Broker which is another entity that I highly recommend with its CopyFX system and is also fully regulated. This Broker specializes in the automation of Forex Trading and even allows you to create Trading Robots, in addition Copy Trading processes are considered in part as automation although it is not a 100% automatic process since the investments that are copied are executed by other people.
In RoboForex you have two types of accounts for Copy Trading, the first is the account of investors that only serves to copy the trades of the Traders, when creating this account you must verify your identity, deposit funds and start copying the most successful Traders of the Broker, remember that with it you will not be able to trade by yourself. The second type of account is Trader’s account, which in turn is subdivided into all types of trading accounts on the platform excluding the investor account, with a Trader account you can allow other people to copy your investments and get profits for that apart from the profits you get from successful executions you do in the Forex market, For more information about CopyFX visit the “Copy Trading with CopyFX from RoboForex Broker“ entry and for more information about the Broker, his license, the types of accounts he offers and the trading platforms he makes available to investors visit the “RoboForex Broker from Forex and CFDs“ entry. Also to register you can do it from here:
In fourth place we have the Broker InstaForex with its ForexCopy system, this entity like HotForex offers a maximum leverage of 1:1000 depending on the financial instruments that are used and the type of account that is opened, the minimum deposit in an account is only one dollar which makes it an accessible Broker for any Trader, especially for those people who open an account to do Copy Trading on their investment platform, for more information of the Broker visit the entry “Broker InstaForex to trade in Forex“.
To use InstaForex’s ForexCopy system it is necessary that you have at least 10 dollars in your account and once you have them from the list that this Broker puts at your disposal you will be able to select the most successful Traders that the platform has. One of the advantages that this Broker offers is that you can block those financial instruments that you do not want to copy, remember that when you start to copy a Trader the operations will start to reflect 15 minutes after having started to follow the transactions. For more information about InstaForex ForexCopy visit the entry “Get to know ForeCopy the Copy Trading system of InstaForex Broker“ and to register at InstaForex you can do it from here:
In the fifth and last place place the Broker Forex4you with its Copy Trading Share4you system, through it anyone can register in its platform and start copying the operations of the most successful Traders obtaining benefits for this and of course those people who copy do not need to have solid knowledge about the market to obtain profits. For more information about this Broker visit the entry “The Forex4you Broker is among the best in Forex and CFDs“.
Share4you connects you with experienced Traders so most of the trades you copy will be successful, according to Broker Forex4you 70% of the trades that are copied end up being successful because all are derived from the executions that make people experts in the market, for more information Share4you visit the entry “Meet Share4you the Copy Trading system of Broker Forex4you“ and to register once in this Broker you can do it from here:
Are all these Copy Trading Brokers regulated entities?
If you are very concerned about regulation for the safety of your money, let me tell you that all the Brokers I mention here are fully regulated, from the one in first place to the one in fifth place. Regulation is something very important to make sure that our money is being deposited in an investment entity would be, however in an entry I made quite some time ago I mentioned a Broker that although not regulated is a respectable financial entity, that Broker is SimpleFX, however they do not have regulation because they offer anonymous operations using Bitcoin and other crypto currencies as base currencies and this has made it difficult for them to get their license.
Although I mention that other Broker in this blog regarding Copy Trading all the investment entities of this entry are 100% regulated so you will not have any problem and beyond the information I give you here in each of these Brokers you can find their regulation with their respective license numbers, so you know if you are going to do Copy Trading or invest for yourself any of the five Brokers I mention here are excellent.
Is the risk of capital loss present when Copy Trading is done?
As I mentioned before even if Copy Trading is done the risk of total or partial loss of capital is always present, remember that even if you are not the one who executes the trades the Traders who do can make mistakes and if they have losses automatically you will have them so you must be very careful of whom you copy and make sure that the Traders you follow are successful and do not have risks so high that they can represent total losses of all your capital.
Although Copy Trading allows anyone to access the market even if they do not know about it, from my point of view I recommend that you at least know the basics so you can understand a little more transactions and can make estimates regarding the rise and fall of prices by your own intellect even if it is someone else who executes the processes for you to copy them and well I hope this information has been useful and I invite you to register from here in the Broker that most caught your attention and remember that the Broker HotForex is the most recommended, either to make Trading yourself or copy someone else.
Risk Warning: Product difficult to understand, the CNMV has determined that it is not suitable for small investors, due to the complexity and high risk involved.
Warning for people in the European Union: CFDs are complex instruments that carry a high risk of losing money quickly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You need to understand how CFDs work and whether you can afford to take the high risk of losing your money.