What is Copy Trading?
What is Copy
Trading?
FP Markets Copy Trading allows you to find, follow and copy successful traders automatically. There is no need to build your own trading strategy or conduct research on forex markets. Copy trading removes the complexities of trading forex and CFDs. Find out how it works and take part in the largest financial markets in the world.
Copy trading with FP Markets can be done in a few simple steps:
Copy trading with FP Markets
can be done in a few simple steps:
Step 1 | Open An Account
Step 1 | Open An Account
FP Markets offer copy trading through the powerful MetaTrader 4 and MetaTrader 5 platforms. Open a trading account and deposit using one of our many funding options.
Step 2 | 'Choose' the best traders to follow
Step 2 | 'Choose' the best
traders to follow
Find and follow the most successful traders. Our detailed Ratings Page ranks Providers based on their profitability over a given period of time. It includes their full trading history and past performance. To replicate their trading behaviour simply click 'Follow'.
Step 3 | 'Copy' Trading options
Step 3 | 'Copy' Trading options
One of the many benefits of our copy trading platform is functionality. We offer multiple copy trading modes and there is no limit on the amount of Providers you can copy. Try copying multiple Providers that use different trading systems and find out which best suits you.
Step 4 | 'Control' is still in your hands
Step 4 | 'Control' is still in your hands
Although you are replicating the trading behaviour of others, FP Markets copy trading allows you to maintain control. You can activate and deactivate copy trading with the press of a single button. Login to the Social Trading portal using your MetaTrader 4 or MetaTrader 5 credentials and use risk management options including stop loss and take profit orders.
FP Markets provides successful and
experienced traders with
the opportunity to become a Provider. Here’s how:
FP Markets provides successful and experienced traders with the opportunity to become a Provider. Here’s how:
Step 1 | Open An Account
Step 1 | Open An Account
To become a Provider you must first have an active FP Markets live trading account. If you do not have one already, open a Live Account and deposit using one of our many funding options.
Step 3 | Create
Step 3 | Create
In order to have an active Provider account you must ‘Create an Offer’. Name your offer, select a performance fee and choose an interval at which it will be charged.
Step 4 | Monitor
Step 4 | Monitor
Login to the Social Trading portal to monitor your Provider account. Here you will be able to view the status of your Offer, Copier details and monitor performance fees that have been earned.
How does Social Trading Work?
How does
Social Trading Work?
No need to develop your own trading plan
Follow performance of successful traders in real-time
Mirror trading behaviour of professional traders with a proven track record
No need to make any trading decisions
Maintain control: Functionality allows multiple copy trading options and risk management strategies
Completely automated trading
Copy Trading with FP Markets?
Copy Trading
with FP Markets?
The growing interest in Forex
Trading and Contracts For Difference (CFDs) has seen
the emergence of a new class
of traders that prefer to analyse the performance of
experienced traders and replicate their trading
behaviour.
Copy trades automatically:
Copy trades automatically:
Become part of a community that includes traders of all skill levels and choose who you want to copy
Become part of a community that includes traders of all skill levels and choose who you want to copy
Invest in a wide range of financial markets:
Invest in a
wide range
of financial markets:
Forex, Shares, Metals, Commodities, Indices and Cryptocurrencies
Forex, Shares, Metals, Commodities, Indices and Cryptocurrencies
Solution for inexperienced traders:
Solution for inexperienced traders:
Leave the fundamental analysis and technical analysis in the hands of successful traders
Leave the fundamental analysis and technical analysis in the hands of successful traders
Why Social Trading?
Why Social
Trading?
Learn
from
experienced
traders
Choose
successful traders
from a comprehensive
rankings list
Copy
their trading activity by
subscribing to
the Offer
of your choice
Control
your account by
monitoring its
performance
and editing preferences
What You
Need to Know
before You
Start Social Trading
What You
Need
to Know before
You
Start Social Trading
Useful for inexperienced traders
Social trading can be useful for people that are interested in financial markets but lack the experience and knowledge. The biggest thing to remember before you start social trading is that there is a level of risk associated with all forms of trading. Social traders should take an active interest in learning about volatility and how to recognise high risk trading activity.
Importance of risk management
Replicating experienced traders does not eliminate the element of risk. Social traders rely on the trading decisions of others but still bear all of the risk with respect to their brokerage account. Despite not executing any trades themselves, social traders should still understand How To Manage Risk.
Diversify your portfolio
Social traders can diversify their portfolio by copying the trades of multiple providers that trade different financial instruments. This may include assigning a portion to a cryptocurrency provider that may focus on Bitcoin and Ripple. Another percentage of your capital may be dedicated to copying forex-based investors that are experienced with major currencies such as the USD and Australian dollar.
Social Trading
on MT4 & MT5
Social Trading on MT4 & MT5
Advanced capabilities and a user friendly interface make MetaTrader 4 the perfect social trading platform.
Designed for automated trading: Copy Trading and Expert Advisors (EAs)
Dedicated servers: No need to have your device switched on or be logged in
Excellent trading conditions: Fast trade execution and minimal slippage
Competitive pricing: Institutional grade liquidity, spreads from 0.0 pips
Functionality: Login using MT4 credentials with no need to download or install any additional software
Social Trading FAQ
A 'Provider' is the person who's trading behaviour is being mirrored. Providers include successful traders who 'Offer' others the opportunity to copy their trades. A 'Copier' follows a 'Provider' using a copy trading system that automatically replicates their trading activity.
FP Markets Social Trading on MetaTrader 4 allows you to become a part of a community that shares in success. The copying system allows traders to choose from a variety of copying modes while the ratings module provides detailed performance statistics. The design of the interface is informative courtesy of transparent dynamic charts and tables. Discover our range of account types and start social trading with FP Markets today.
Social trading in forex involves the process of learning about the trading strategies of experienced traders and analysing their performance using a wide range of statistical data. Social traders also have the option of replicating the trading behaviour of other traders through a copy trading platform.
Like other forms of social media, users can seek help or share their trading information with others. Social trading helps inexperienced traders become familiar with new concepts such as derivatives trading and leverage.
To learn more about forex trading, visit our Traders Hub Blog.
Social trading with FP Markets can be done in a four easy steps:
Open a trading account
Go to the Ratings Page and follow a Provider
Login using your MetaTrader 4 credentials
Start copy trading
Just like other forms of trading, you can make profits and losses from social trading. One of the benefits of FP Markets Social Trading is that the performance of the listed traders is completely transparent. Their historical trades and trading statistics are updated in real-time to ensure that the information provided is accurate.
Anyone interested in social trading should consider their financial situation, become familiar with a variety or risk management strategies, and read any disclaimers.
Social trading can be an effective way for new traders to gain exposure to financial markets. They are able to copy the trading behaviour of successful traders and accelerate the learning process. Social trading can provide a good stepping stone but should be accompanied by additional research and knowledge.
Read our Beginners Guide To Forex Trading and become familiar with the concept of CFD Trading
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The website www.fpmarkets.com is operated by FP Markets LLC an entity that is not established in the EU or regulated by an EU National Competent Authority. The entity falls outside the EU regulatory frameworks i.e MiFID II and MiFIR and as such certain protections that retail clients enjoy when trading with an EU regulated Firm may not be provided. Among other provisions (i.e. margin close-out rule of your account) you should be informed that there is no provision for an Investor Compensation Scheme. Read T & Cs
Since you are trying to connect from an EU Country, you are highly recommended to visit http://fpmarkets.eu/. This website is operated by an EU regulated firm which is subject to the product intervention measures of ESMA.
If you still wish to proceed, please confirm that the decision was made independently at your own exclusive initiative and that no solicitation or recommendation has been made by FP Markets or any other entity within the group.
The website www.fpmarkets.com is operated by First Prudential Markets (Global) Ltd an entity that is not established in the EU or regulated by an EU National Competent Authority. The entity falls outside the EU regulatory framework i.e. MiFID II and there is no provision for an Investor Compensation Scheme. Read T & Cs
Please confirm, that the decision was made independently at your own exclusive initiative and that no solicitation or recommendation has been made by FP Markets or any other entity within the group.
The website www.fpmarkets.com/ is operated by First Prudential Markets Limited an entity that is not established in the EU or regulated by an EU National Competent Authority. The entity falls outside the EU regulatory framework i.e. MiFID II and there is no provision for an Investor Compensation Scheme. Read T & Cs
Please confirm, that the decision was made independently at your own exclusive initiative and that no solicitation or recommendation has been made by FP Markets or any other entity within the group.
Social Trading vs Copy Trading
Social Trading
vs Copy Trading
Social trading and copy trading are not one and the same. Copy trading refers to the process of binding your account with that of another trader in order to replicate the trades that they execute. With FP Markets social platform you are able to modify how you mirror the trades of the selected person, but the trading is automated.