Copy trading FAQs
Copy trading FAQs
1. What exactly is copy trading?
Copy trading is a form of automated investing that allows you to mirror the live trades of experienced traders. Once you select a trader and activate copy mode, all of their trading decisionsentries, exits, position sizesare automatically replicated in your account in real time.
2. Do I need trading experience to use copy trading?
No, you dont. One of the biggest advantages of copy trading is that its beginner-friendly. You dont need to understand charts, technical indicators, or market news to get started. The platform does the heavy lifting, while you benefit from the traders expertise.
3. How do I choose which trader to copy?
Every trader has a public profile that includes their success rate, drawdown, risk score, trading style, and historical performance. You can filter and compare traders based on your financial goals, risk appetite, and investment amount. Always read their strategy description before committing.
4. Can I copy more than one trader at the same time?
Yes, you can diversify your portfolio by copying multiple traders simultaneously. This helps reduce risk by spreading your investment across different strategies and market approaches.
5. Is copy trading risk-free?
No, copy trading carries risk just like any form of trading or investing. Traders, no matter how experienced, can still make losses. Past performance is not a guarantee of future results. Thats why we encourage proper risk management and only investing money you can afford to lose.
6. Can I stop copying a trader at any time?
Yes. You are always in control. You can pause, stop, or switch traders at any time directly from your dashboard. If you stop copying a trader, your open positions can either be closed automatically or managed manually, depending on your settings.
7. Do traders have access to my funds?
No, never. Traders cannot access or withdraw your money. They only manage their own trades, which the platform replicates into your account. You retain full control over your funds at all times.
8. Are there fees for copy trading?
Some traders may charge a performance fee (e.g., a percentage of profits) or a monthly subscription to access their strategy. All fees are clearly displayed before you activate a copy planthere are no hidden charges.
9. What is the minimum amount I can invest?
Minimum investment amounts vary depending on the trader and strategy plan. Some may start as low as $50, while others may require more. The minimum is always stated clearly on each strategys page.
10. How are profits and losses calculated?
Your profits and losses mirror the trader you are copying, based on the amount youve allocated. If the trader makes a 10% gain in a week and youve allocated $200 to copy them, your account will reflect a $20 profit (minus any applicable fees).
11. What if the trader Im copying starts performing poorly?
You can stop copying them immediately. Our system allows you to exit or switch traders at any time, and you can also set risk limits such as auto-pause if performance drops beyond a certain point.
12. Can I copy traders using crypto?
Yes, depending on your platform settings. Many copy trading platforms today allow you to fund your account using cryptocurrencies like USDT, BUSD, or BTC, and some even support crypto-to-crypto copy trading directly.
13. Is copy trading legal and regulated?
Copy trading is legal in most countries and is used by millions of traders globally. However, the level of regulation depends on your local jurisdiction and the platform you use. Always use platforms that prioritize transparency, compliance, and security.
14. Can I earn money by being a trader others copy?
Absolutely. If youre a skilled trader with a proven strategy, you can apply to become a Strategy Provider on our platform. Once approved, you can earn commissions or subscription fees from users who choose to copy your trades.
15. How often do copied trades execute?
Copied trades are executed in real time, often within milliseconds of the original trader's action. Our platform uses advanced infrastructure to ensure your trades are synced instantly and proportionally.
Still Have Questions?
If you didnt find your answer here, feel free to reach out to our support team. Were always here to guide you and help you make informed decisions.