This feature, OctaFX Copytrading, increases overall profit potential and provides additional fund management options for all OctaFX clients.
Traders confident of their success and aiming to earn more can now become master traders by creating their own profile within the service, describing their strategy, and setting commission for their copiers. The master profile aggregates professional traders’ performance, showing it to the public and allowing them to promote it. Master traders can create separate accounts for different strategies—each of them is ranked separately. We are initially launching Copytrading for master traders on MT4, and we’ll expand it to other platforms a bit later.
To ensure the best experience for clients, OctaFX analyses their master traders’ investment history and other statistics and rates them accordingly in the master traders’ pool. The clients can also monitor master traders’ activity live, compare strategies and their effectiveness, and quickly sign up for copying in just one click. This feature is of great use for novice traders. They can easily track their master trader’s positions, learn their strategies, and estimate the risk level.
When they start with OctaFX Copytrading, clients get access to an internal e-wallet. It allows for fast and convenient fund management: making deposits and withdrawals, collecting profit from different accounts, and diversifying the portfolio. The latter implies that OctaFX clients can quickly parcel their funds between different master traders with different strategies and lower their risk, or even stop copying trades at all and collect the money in one place for withdrawal.
Copying trades from someone else is a routine feature of the retail part of the foreign exchange and stock markets. Experienced traders allow others to copy their positions automatically for a fee. The fee amount depends on the master trader. To start copying a master trader, OctaFX clients only need to create an account, add money to the e-wallet, select a trader’s positions to copy, and set the amount of the investment.
OctaFX is an STP Forex broker, providing online trading services worldwide since 2011. It offers a state-of-the-art trading experience to more than one million trading accounts, on both desktop and mobile devices. OctaFX won Best Forex ECN Broker award in 2017 and has won more than 20 other awards since its foundation. The company has also paid out over $2.5 million in bonuses. Now it runs several local and worldwide promotion campaigns with valuable prizes.