Beginners
CopyFX is a copy trading investment system. It was developed so that Traders and Investors could define particular schemes of cooperation, which are mutually beneficial and most suitable for each party.
What are you?
Before starting working with CopyFX, you have to understand what group of users you belong to.
InvestorYou have funds and want to invest them into trading, but you’re not ready to trade on your own. You can subscribe to the chosen Trader’s signals and copy his/her transactions to your account even without installing a trading terminal.
TraderYou know the Forex market quite well, trade successfully, and would like to receive extra profit for your experience and knowledge. After becoming a CopyFX Trader, you’ll receive a commission or a fixed amount of the Investors’ profit for letting them copy your transactions.
How are you going to work?
If you have finally decided what your role in CopyFX is, it’s time to learn about the platform itself and how it works.
The purpose of the Investor is to copy Traders’ transactions. To start copying transactions, the Investor has to do the following:
- Open trading account.
- Deposit at least 100 USD to the account (read more about the deposited sum in FAQ section).
- Choose the Trader from the Rating (One of the posts in CopyFX blog will help beginner traders with this).
- Subscribe to the Trader’s account.
Are you ready to become the Investor? Read additional information and answers to the frequently asked question on "Investors" page of our website.
The purpose of the Trader is to attract Investors and get additional profit due to the commission they pay. To start operating as the Trader, you have to:
- Open an account to trade in the CopyFX platform.
- Deposit at least 100 USD to the account (read more about the deposited sum in FAQ section).
- Specify the subscription conditions.
After that, your account will be displayed in the Rating and Investors will be able to subscribe to it. If this is the first time you operate as a signal provider, read "Where and how do you find Investors?" post in our blog, where you can find a lot of useful information.
Are you ready to become the Trader? Read additional information and answers to the frequently asked question on "Traders" page of our website.
What account type to choose?
Investors and Traders have an opportunity to choose from several account types.
Cent accounts for Traders and Investors
If you’re familiar to Forex market, but have no opportunity to trade on standard accounts, you should choose a cent one. The main difference between cent and standard accounts is that you can trade smaller lots, because the base currency is in cents and not in dollars (or other currency). More about cent accounts..
Standard accounts for Traders and Investors
Experienced traders, who are quite self-confident and ready to show their skills in CopyFX, can choose standard accounts, which are described on"Account Types".