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What is FOREXCOPY?

There is no need to speak English to understand what FOREXCOPY means. This is the case when the name corresponds to its literal meaning. FOREXCOPY is a service that allows you to duplicate orders of other traders. Probably, you have always dreamed about trading "like that cool guy". The main purpose of this service is to make this dream come true. Many brokers have introduced this service and have been offering their clients to use it for a long time.

FOREXCOPY allows you to copy trades of other traders in real time. If you want to try, you just need to look through offers and subscribe to the trader you are interested in. It is up to you how to use this service. For beginners, this is a great chance to get acquainted with the foreign exchange market and start working, minimizing the risks as much as possible. For professionals, this system offers unlimited opportunities to increase their own profit. A successful trader with a large number of subscribers becomes almost a broker and receives fee from each successful copied transaction. Thus, this is the first step to the affiliate program. Usually, brokers` FOREXCOPY is compatible with the affiliate program, and this means a double benefit if traders attract followers on their own. As a result, FOREXCOPY is a perfect example of symbiosis because cooperation is equally beneficial for each of the parties.

Let`s take a closer look at how FOREXCOPY works on the example of InstaForex. The ForexCopy system by InstaForex stands out from similar offers of other brokers thanks to a special approach. The main distinctive feature of this program is the effective protection of followers` funds. Your money always remains in your own account under full control. So, there is no need to to request your funds back from the accounts of managing traders. The commission is charged only on those transactions that have been closed with profit. The amount of profit must be larger than the amount of the commission for each specific transaction. If you are subscribed on terms of paying a daily commission, you only pay for the working days when the Forex market is active. Custom settings allow you to subscribe to several traders and set the copying ratio, choose certain currency pairs to be copied, and set the volume of copied trades. After all, it is possible for a subscriber to copy trades for free! For more details, go to InstaForex official website.

It`s easier with traders. They want to get regular commissions or fees for each day of subscription. InstaForex guarantees all payments. There are three types of commission to choose from:

  • Commission per profitable trade
  • Commission per lots traded
  • Commission per subscription day

The trader`s account is automatically placed in the ForexCopy monitoring list which is viewed daily by thousands of potential subscribers. There is no limit to the number of subscribers. This program is fully automated and does not require any extra efforts from traders, thus enabling them to focus solely on the forex trading. Besides, traders can copy trades of other traders on their own, serving as a link between a group of traders and a group of subscribers. This scheme enables them to reduce risks due to several different methods of trading in the Forex market with the use of technical or fundamental analysis. The traders receive commission daily or after termination of the subscription, depending on the type of commission. Commission payments are automatic without any interference. Both parties can see the commission to be paid in real time.

To sum up, many traders choose FOREXCOPY service for its effectiveness. Why don`t you try as well?

The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.

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