FxPro Copy Trading

Open an account and join FxPro’s social trading platform in partnership with cTrader. Copy trades of successful traders. And also earn income from providing your trading strategy.

For beginners, copy trading provides a unique opportunity to learn from the best without having to develop intricate trading strategies themselves. By copying successful traders, novices can gain valuable experience and insights into market dynamics, risk management techniques, and trading psychology.

Experienced traders can also benefit from copy trading by diversifying their portfolios and leveraging the expertise of other traders to potentially enhance their returns or manage risk more effectively.

FxPro: A Trusted Partner for Copy Trading

FxPro is a well-established and respected online broker with over 15 years of experience in the forex and CFD markets. With a strong reputation for transparency, security, and customer satisfaction, FxPro has become a trusted partner for traders worldwide.

Why Choose FxPro for Copy Trading?

Regulated by top-tier authorities like the FCA and CySEC, ensuring compliance with stringent financial regulations.
Offers a dedicated copy trading platform, cTrader Copy, with advanced features and tools.
Provides access to a diverse pool of successful traders and strategies across various markets and instruments.
Offers competitive trading conditions, including low spreads and commissions, making it cost-effective for copy traders.
Provides comprehensive educational resources and support to help traders navigate the copy trading landscape effectively.

How to Start Copy Trade with FxPro

To begin your copy trading, you’ll need to create an account. Click on the “Open Account” button.

Complete the registration form by providing your personal information, contact details, and creating a secure password.
Submit the required documentation for account verification, such as proof of identity and residence. FxPro follows strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations to ensure compliance and security.
Once your account is approved, you can log in and access the cTrader platform, where you can start exploring the copy trading features.

If you plan to offer your trading strategy for copying, you’ll need to set up a separate account for receiving fees and commissions from followers.

How Does the Copy Trading Platform Work?

Let us now briefly understand the basics of social trading using FxPro and cTader. Let’s start with the case when a user (no matter whether he is a beginner or an experienced trader) wants to follow an already prepared strategy from a professional trader in automatic mode instead of daily tedious analysis. It is also worth noting that in FxPro copying of trades is available not only for real accounts, but also for demo accounts, although with some limitations.

Selecting a Trader to Copy

Choosing the right trader(s) to copy is crucial for successful copy trading. FxPro’s cTrader Copy platform offers several tools and metrics to help you evaluate potential providers:

Strategy Performance: Analyze the historical performance of a trader’s strategy, including their return on investment (ROI), net profit, risk metrics, and trade statistics.
Trading Style: Assess the trader’s trading style, preferred markets, and instruments to ensure alignment with your investment goals and risk tolerance.
Reputation and Reviews: Look for traders with positive reputations and read reviews from other followers to gauge their reliability and consistency.
Risk Management: Evaluate the trader’s risk management practices, such as their use of stop-loss orders, position sizing, and drawdown management.

Setting Up Copy Trading

Once you’ve identified a trader or strategy you want to follow, it’s time to set up the copy trading process. Here’s how:

Navigate to the trader’s strategy page and click the “Start Copying” button.
Select the trading account you want to use for copy trading.
Specify the amount you wish to allocate for copying the trader’s strategy. This amount will be transferred to a separate copy trading account.
Review and configure any additional settings, such as stop-loss levels or position sizing adjustments.
Confirm your settings and start copying the trader’s trades.

Risk Management in Copy Trading

While copy trading can potentially enhance your trading performance, it’s essential to implement proper risk management strategies. Here are some tips:

Diversify: Follow multiple traders with different trading styles and strategies to diversify your risk exposure.
Set Stop-Losses: Utilize stop-loss orders to limit potential losses and protect your capital.
Manage Position Sizing: Adjust position sizes based on your risk tolerance and account equity to maintain appropriate risk exposure.
Monitor Performance: Regularly review the performance of the traders you’re following and adjust your portfolio as needed.

Becoming a Strategy Provider

If desired, each user can create their own strategy for automatic copying. This is especially useful for media traders, bloggers, who can offer a strategy not only to FxPro users, but also to their community.

Offering Your Strategy for Copying

If you’re an experienced trader with a proven track record, you can share your trading strategy with FxPro’s copy trading community and potentially earn additional income. Here’s how to become a strategy provider:

Log in to your FxPro account and navigate to the cTrader platform.
Access the “Copy” section and select the account you want to use as your strategy provider account.
Click on “Become a Strategy Provider” and follow the prompts to set up your strategy details, including:

Strategy name and description
Minimum investment requirements
Fee structure (performance, management, and/or volume fees)
Visibility settings (who can view and copy your strategy)

Once your strategy is approved and listed, potential followers can discover and start copying your trades.

Monetizing Your Strategy

As a strategy provider, FxPro allows you to earn income by charging fees to your followers. Here’s how it works:

Performance Fees: You can charge a percentage of the net profits generated by your followers, calculated using the High-Water Mark (HWM) model. This fee is typically capped at 30%.
Management Fees: You can charge an annual fee based on a percentage of your followers’ equity under management. This fee is accrued daily and paid monthly, with a typical cap of 10%.
Volume Fees: You can charge a fee per million units of trading volume copied by your followers. For example, if you set a $10 fee per million, your followers will pay $10 when opening and closing each million-unit position.

Attracting Followers

FxPro provides several tools to help you attract followers:

Invite Links: Share direct links to your strategy page, allowing potential followers to easily discover and copy your trades.
Embedded Strategy Applications: Embed your strategy information and performance metrics on your website or landing pages using provided code snippets.
Personal Profile Page: Customize a dedicated profile page to showcase your trading achievements, strategies, and contact information.
Social Media and Community Engagement: Leverage social media platforms and trading communities to interact with potential followers, share insights, and build your reputation.

Faq About Copy Trading in FxPro

This material will be periodically updated and supplemented with new questions. If you have an urgent question or suggestion, you can always contact FxPro support and they will quickly provide you with high-quality advice on copy trading or other platform features.

Is copy trading suitable for beginners?

Copy trading is an excellent way for beginners to gain exposure to the markets without having to develop complex trading strategies themselves. By following experienced traders, beginners can learn valuable lessons and gain insights into market dynamics.

How do I choose a successful trader to copy?

Look for traders with consistent and positive performance over an extended period. Analyze their trading style, risk management practices, and reputation. FxPro’s cTrader Copy platform provides detailed analytics and metrics to help you evaluate potential providers.

Can I copy multiple traders simultaneously?

Yes, you can follow and copy trades from multiple traders simultaneously. This can help diversify your portfolio and potentially enhance your overall returns.

Is there a minimum investment required?

Strategy providers can set their own minimum investment requirements. However, FxPro generally allows you to start copy trading with a relatively small capital.

How are fees charged for copy trading?

FxPro offers a flexible fee structure. Strategy providers can charge performance fees (based on profits), management fees (percentage of equity), and volume fees (per trade volume). All fees are transparently displayed before you begin copying a trader.

Try Trading Without Risk

Start trading with a trusted international broker today. Sign up and get access to a free demo account with a $100000 virtual balance and full access to all tools to get a good feel for the platform.