InstaForex is one of the biggest Brokers that exist nowadays, they offer their financial services even in countries where other Brokers don’t and this has allowed them to have a great number of clients in their investment platform. This Broker is one of the few who offers a leverage of up to 1:1000 depending on the type of account you open with them and has the accounts with the lowest minimum deposits that even some get to be just one dollar.
On the other hand InstaForex also offers operations using Binary Options, this in turn turns it into a Broker where any Trader wants to make investments in the market because of the diversity of things that he has and the amount of financial instruments that he offers to operate; apart from all the mentioned it also has a very complete Copy Trading service for those people who want to copy the most successful operators of the platform.
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InstaForex’s ForexCopy allows you to copy successful traders
The Copy Trading system of InstaForex Broker is called ForexCopy, it allows to copy the profitable trades executed by the most successful traders of the investment platform, from my point of view this system is as complete as any other and gives the opportunity to many people to get profits from the market even if they don’t know it in depth.
As a follower of successful traders’ operations, ForexCopy allows you to configure parameters of copying to the liking of each person, that is, you can have absolute control of everything that is done in your account and define how you want to copy Traders, in this sense it can be used as a strategy depending on what you want to achieve with the Copy Trading system offered by InstaForex.
In ForexCopy you can select the currency pairs and financial instruments you want to copy.
One of the most outstanding and important aspects offered by this Copy Trading system of InstaForex Broker is that it allows you to select the currency pairs and financial instruments that you want to copy; in case the Trader to whom you copy trades with assets that you do not want to be invested in your account, those operations are blocked and only those copies of financial instruments that you previously had to authorize are taken into account.
Each time a trade is successfully completed as a follower you are charged a commission to the Trader for copying it by making a profit from his trades in the market. The operations that are copied and are not successful are not deducted a commission because they ended in loss of part of your capital, keep in mind that although the Copy Trading system of InstaForex gives the opportunity to many people to make profits from the market the risk of capital loss is still there at all times.
How can I start using InstaForex ForexCopy?
To start using the Copy Trading system offered by this Broker you must first of all have at least 10 dollars available in your trading account or the equivalent in euros, then as a person associated with ForexCopy you can update your profile and become a trader with the right to copy orders from other market operators, to enable this option you must choose the corresponding parameter in the profile and additionally an updated follower account is included in a monitoring list of the ForexCopy system. In case you need more information about this Broker I invite you to visit the entry Broker InstaForex to trade Forex.