Copy trading in FTXM Invest is quite simple and safe. Investors can choose the best strategy managers with advanced search filters and start earning with just USD100.
In this modern era, the forex trading industry is developing rapidly with technology as its foundation. Making the foreign exchange the largest financial market in the world. Millions of people from different backgrounds, and ages have decided to join and participate in forex trading. Due to this, many brokers are competing to win the hearts of clients with a variety of innovative technologies to drive significant growth dynamics around the world. One of the most popular alternative technologies today is Copy Trading.
Forex Time or better known as FXTM broker is one of the leading companies worldwide that developed and launched a copy trading platform in February 2016. This can allow novice and veteran customers to earn profits without having enough knowledge for independent trading. Read on to find out more about FXTM copy trading and whether the app would be safe and suitable as your chosen platform.
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Get to Know Copy Trading at FXTM
FXTM is a leading market maker/ECN broker with offices around the world and licenses from the United Kingdom and Cyprus. The company provides a satisfactory and convenient copy trading service called "FXTM Invest" where new users can observe and trade with successful traders and learn their strategies
What Is FXTM Invest?
FXTM Invest is a program with a flexible copy trading system for beginners and experienced traders who want to try something new. This system is powerful to support new users who do not yet have the expertise and skills in trading.
FXTM Invest allows investors to choose a strategy manager from a list of top-rated traders. Once the investor has made a minimum deposit of 100 USD/GBP/EUR, their account will be activated and they can freely choose to copy trades from their strategy managers.
With the FXTM Invest platform, investors can follow the right strategy in the hope of making a profit, while strategy managers can earn extra income by earning commissions from their investors. To date, there are more than 600 strategy managers to choose from. It can be said that FXTM Invest provides a win for investors and managers because each customer will receive benefits depending on each transaction made.
FXTM Invest can be used on the MetaTrader 4 platform with flexible leverage of up to 1:1000 on micro accounts and 1:2000 on market execution accounts. Those are considered very compared to other brokers. As for the available market, FXTM Invest supports more than 250 instruments from Forex, Stock, and CFD markets.
Fees and Spreads
Each manager has a commission called the "copy fee", usually 30% to 40% of the profit earned. Meanwhile, the average spreads start from 1.3 pips on the EUR/USD currency. However, these spreads are variable which means there's a possibility they widen or tighten based on the trading volume and market volatility.
Deposits and Withdrawals
Before enjoying the copy trading service at FXTM Invest, users must first make a deposit. The payments must be sent to a separately created account.
Deposits or withdrawals can be made using wire transfer, debit/credit card, Neteller, Skrill, FasaPay, WebMoney, Yandex Money, QIWI, Perfect Money, and Bitcoin. As an investor, you can fund your account after subscribing to the manager or by using the Account Overview menu.
Tips for Finding the Right Strategy Manager
As an investor, you can review the strategy manager's profile or choose from a list of current high-ranking earners. FXTM Invest will continue to update its list of strategy managers based on the ratings they have reviewed according to a particular classification. The investor's task is to choose the best account that matches their strategy, goals, and risk tolerance. There are several tips for choosing a strategy manager including:
- Choose by Rating
FXTM Invest will offer a list of strategy managers starting from the highest ranking. But if you want to see the list of managers without ratings, you can disable the Top Manager Strategy option. Statistical indicators that can be seen in the list of managers are the rate of return, daily copy trading, the level of risk, the number of account followers, and the total funds under management. - Choose Based on Certain Filters
Investors can customize the filter by all-time returns, open days, risk levels, and funds managed. The criteria can be sorted from "high to low" or "low to high" as desired. - Choose Based on Key Indicators
Doesn't want to go by rating but feeling confused with the filters? FXTM Invest provides 6 key indicators to choose a strategy manager, namely the minimum number of followers, the minimum percentage of returns, the maximum profit sharing percentage, the percentage of maximum withdrawals, the maximum risk level, and the minimum account lifetime (by month).
In addition, investors can also choose a specific strategy manager account by clicking "Search". After finding the account that might interest you, you have to properly review the account you are going to follow. By clicking the name, you would be directed to a specific page that displays key statistical data and a payback chart showing the profit rate of the account from different periods. This way, you would be able to review the trading advantages and disadvantages that strategy managers make.
It's worth mentioning that FXTM Invest is not only a copy trading service but also a social network. By following one of the strategy managers, you can find out the changes in the trading market informed by the strategy manager.
How to Start Copy Trading at FXTM
Opening an account is quite fast in the FXTM copy trading system. It will take about 10 minutes with the following steps:
- Head to FXTM's official page, and click the FXTM Invest tab menu.
- You will be directed to open an account with 2 options, namely becoming an investor or becoming a strategy manager. If you'd like to copy strategies from other traders, choose the first option.
- Choose a suitable strategy provider to copy. Click on the profile, and click on the "Invest" button.
- After that, the platform will ask you to confirm the action. Pay attention to the currency used and the fee of the strategy manager. All you have to do is click on the Open button.
- If you're assured of what you'll be getting, finalize the investing procedure and fund your investment account accordingly.
How Safe Is FXTM Copy Trading?
FXTM is headquartered in Cyprus and has been authorized in various jurisdictions including the Cyprus Securities and Exchange Commission (CySEC) with license number 185/12, the UK Financial Conduct Authority (FCA) with license number 600475, and the Financial Services Commission (FSC) in South Africa with license number 46614.
EU and UK clients also have additional protection, as the broker is a member of the deposit guarantee fund. Therefore, FXTM is considered a safe and reliable broker as a copy trading provider.
FXTM was initially launched in 2011 with a unique vision to provide unparalleled superior trading conditions. Opening an account in FXTM would also bring about access to advanced education and sophisticated trading tools in the forex industry.
Now, FXTM is registered under the Financial Conduct Authority of the UK with the number 600475. The company is also regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, and is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614
FXTM has 1 million registered accounts with more traders joining every day. The company continually tries to improve their performance and have got many awards such as Best Trading Experience 2019 by World Finance Awards, Best Online Forex Trading Company Nigeria 2018 by International Finance Awards, Reputable Investor Education Forex Broker Award 2018 by Hexun.com, Forex Brand Of The Year China 2018 by Fxeye.Com, and many more.
As a responsible broker, they determine leverage (expressed as a ratio of transaction size relative to trader's buying power) according to the trader's level of knowledge and experience in trading, which is evaluated by the Appropriateness Assessment. The company also enables trading with leverage up to 1:1000.
As for spreads, FXTM offers low spreads starting from 0.1 pip, so traders can withdraw profits at the start of trading. The company, which has headquarters in several countries, uses No Dealing Desk (NDD) technology and partners with credible liquidity providers to provide the best bid and ask prices.
For beginners, there is an automatic trading facility called algorithmic trading provided. When trading in FXTM, traders can develop their trading strategy or adopt other traders' strategies. Furthermore, the strategy is applied to automated trading systems, such as Expert Advisors. The purpose of this system is traders do not have to worry about losing opportunities while not observing the market so that profits can still be earned.
Three types of ECN accounts use the MT4 and MT5 trading platforms. There are also mobile and Tablet Apps trading platforms. Aside of providing many account variants, FXTM goes above and beyond to ensure that their client receives excellent support that they deserve, making their trading experience optimal and user-friendly.
FXTM also provides a diverse range of products. In addition to over 50 currency pairs, they provide gold, silver, CFD on commodity futures (oil), CFD on ETFs, and indices.
Education about the basic concepts of the forex industry is also accessible in this broker. Traders can read all the concepts provided in the form of e-books, video tutorials, articles, webinars, and forex seminars. There are 17 languages provided on the FXTM website to make it easier for traders to learn about forex.
Traders are also given various choices for payment methods, including Credit Cards (Visa, Mastercard, Maestro) and E-Wallet (Neteller, Skrill, Western Union). For withdrawing funds, traders are not charged a fee with a length of 2 hours to 2 days. Traders can live chat to ask further questions and contact the admin via email. There is also a question and answer page about forex trading on FXTM.
Conclusion
FXTM Copy Trading or commonly known as FXTM Invest provides a powerful copy trading system that is useful for beginner traders who do not yet have the expertise and skills in trading. This broker provides about 600 strategy managers to choose from. This amount is quite competitive with other brokers who provide the same copy trading services.
Furthermore, FXTM Invest allows investors to choose a strategy manager from a list of top-rated traders. They make it easy for traders to enter the world of trading with just $100.
Although it is possible to increase profits with this feature, investors are always advised to be careful about making decisions because there is no guarantee of 100% profits all the time. They also should consider the fee which is around 30% to 40% of the profit share. In order to stay profitable, investors should carefully choose strategy managers with good winning percentages and dependable risk-to-reward ratios.
FXTM broker is a leading trading service provider that strives to support forex traders with 3 focuses on Trust, Access, and Value. Over the years, they managed to gather more than 4 million clients worldwide and 45+ awards that prove their competitive edge in the brokerage industry.
23 Comments
Jan 2 2023
Dude, I'm a little confused here. So I heard about robot trading, expert advisors and now copy trading. What's the difference between these three terms? Are they the same? And do we copy trades, copy their trades, or can they automate the trades without needed to trade manually? Is it proof that you can earn money without knowledge? Thank you
Jan 2 2023
Jan 2 2023
Jan 2 2023
Garaga: When it comes to trading accuracy, both EAs and copy trading can be categorized as having the same level of accuracy because even at manual trading too, forex market cannot be predictable, but if we are talking about ease of use for beginners, copy trading can be your friend. Because most EAs are programmed by other traders or you can even program them yourself. As soon as you activate it, your trades will be executed automatically. If you are a well-educated and experienced trader, you may find that the EA can be wrong from time to time and you can fix it. But how can you fix an EA if you are a beginner and have no trading knowledge? In the meantime, you're copying trades, just like other traders, learning how to trade just by being there. If the trader you follow has an open position and you have not analyzed their trading hours and feel this is not the time to trading, there is nothing you can do. You can control your trade and can follow him or not. EAs are available from MLQ5 or brokers. Sometimes it's free, sometimes it's paid. I dont know if FXTM offered EA but I am sure that FXTM allow EA at their trading.
Jan 2 2023
Jan 2 2023
I am a student majoring in economics and I have recently been interested in the world of trading, I feel that forex trading can add to my experience and skills in the future. Besides that, I can also increase my income in trading.Well... But because this is my first experience, I want a broker that has "copy trading" service.At FXTM invest provide that service with many available manager strategies. But I'm a little confused by the policy. When you want to make a deposit, the payment is sent in a separate account. What do you mean by explanation? It's a bit confusedCan anyone explain or not? Because I don't understand....Thank you...
Jan 2 2023
Jan 2 2023
I have been involved in the world of forex for a long time, well, about 5 years. However, I have been absent from trading for the last 2 years, due to the Covid 19 virus in 2020.So now I think I want to start over, by the way, the FXTM broker is one of the choices of brokers I want to use in trading.I am interested in the FXTM Invest program as a Copy Trading service provider. And yes, it's true that there are lots of strategy managers provided at this broker. There are around 600 professional traders and Woww... That's a fantastic number in my opinion.But yes, because there are many choices of traders, I am confused about which one to choose. In your opinion, from these 3 tips, which one is better for choosing a suitable trader?
Jan 2 2023
Jan 2 2023
Jan 2 2023
I have experience in trading, including in copy trading services. I really like this service system, which provides a lot of convenience for novice traders, even for experienced traders at the same time.But keep in mind, nothing is free in this world." So, of course, professional traders who are into many strategies also want to benefit from this service.And well, in my opinion, the management fee or you can call it the commission for professional traders at FXTM is quite high, the commission is close to 40%, which is a very large amount. Moreover, the profit sharing that is charged every month if the trader makes a profit, that is an unreasonable number. Higher watermark rules apply.Even though there are several brokers who also offer the same service, but the commission is not that much.
Jan 2 2023
During my time as a trader who tried several brokers in trading. I really liked the "copy trading" service. In my opinion, Copy trading is a pretty good technological innovation in trading that makes it easy for novice traders to gain experience and profit. Experienced traders can also copy from the trader's provider's strategies to help their trading. But I don't like the copy trading services offered on this platform. It's true that this broker provides 600 strategy managers for its customers, but there are a number of conditions that I think are inconvenient to subscribe to. In order to subscribe to a new manager, you will need to open a new investment account. And in my opinion it is too troublesome and limits traders from subscribing to many pro traders.
Jan 2 2023
Jan 4 2023
Even though I just started trading in FXTM about 3 months or so. But yahh.... I have experience in the world of trading for almost 1 year. Even though I'm still new to FXTM, I like the copy trading service which makes it easy to learn trading strategies. Well, although not all strategies can provide benefits. But at least we can more easily find solutions by imitating other traders.So, because I'm still new to trying this broker here, I have some confusion, usually brokers charge an inactivity fee to their customers, how much is the inactivity fee at this broker? Is it low or high enough?Guys, if any of you know please explain...
Jan 4 2023
Jan 4 2023
Jan 4 2023
Mar 31 2023
I think FXTM is a good and safe copy trading service provider. I like the features offered by this broker which are quite interesting and different from other brokers, including:
At FXTM, we can open a copy trading account using 2 main platforms, namely Meta Trader 4 and Meta Trader 5, while some brokers only provide one of the two platforms. FXTM also offers MT4 and MT5 WebTerminal, which are browser-based versions of the platform, along with mobile and tablet versions of both iterations. The advantages of using MT4 are numerous, but most of them are centered around community support and the number of users the tool excels at.
FXTM provides a powerful copy trading system, which is useful for novice traders who do not have the skills and expertise in CFD trading. With this system, investors can follow suitable strategies and receive part of the profits, and Strategy Managers can earn additional income by generating profits for their investors. At the time of writing, there are over 600 strategy managers to choose from, so there's plenty to choose from.
Mar 31 2023
Jonathan: Yes I agree with what you convey. I am also interested in this broker, especially with the crypto assets offered by this broker. If you like Cryptocurrency instruments, FXTM has them covered. FXTM offers four crypto-fiat crosses for trading, including Bitcoin, Ethereum, Ripple, and Litecoin. The maximum leverage is higher than that offered by other brokers, up to 100:1.
What I like about FXTM is that there are no interest charges for margin fees and we can use the copy trading service provided on the mobile app. FXTM's proprietary trader apps and MetaTrader are available free for Android and iOS mobile and tablet users. The advantage of using the MetaTrader platform is its cross-device and multi-broker functionality, which makes it easier for traders to switch brokers or use multiple brokers.
The FXTM MT4 and MT5 apps allow traders to work from anywhere, with nine-time frames, 30 indicators, and interactive currency charts. Functionality for closing and modifying existing orders, calculating real-time profit/loss, and trading tick charts further empowers traders on the move.
Given the choice, since I love trading using mobile apps, FXTM is the broker for me. However, it depends on the needs of each trader because both are equally good.
Mar 31 2023
During this time I was a trader who tried several brokers in trading. I really liked the "Copy trading trading" service. In my opinion, Social trading is a pretty good technological innovation in trading that makes it easy for novice traders to gain experience and profit. Experienced traders can also copy the strategies provided by traders to help their trading.
Starting social trading is not difficult. Use flexible filters to find your preferred strategy for risking, investing and making money when it pays off.
Even though I just started trading at FXTM Market for about 3 months. But yes... I have experience in the world of trading for almost 1 year. But unfortunately, I only opened a standard account (micro account) with this broker. Yes, because before that I didn't know that this broker also provides copy trading.
I want to ask, Can I change my registered trading account to an investor or strategy provider account in Copy Trading?
Mar 31 2023
Queen: Like any other financial trading, past performance does not guarantee future results. But with FXTM Invest, you get access to the information you need to understand the potential and copy a Strategy Manager whose risk approach and returns match yours. Strategy Providers can open an HFcopy Account to build their Follower inventory and trade on behalf of their Followers in exchange for a Performance Fee. Strategy Providers only pay Followers if their strategy is successful.
FXTM has three different account types suitable for both beginners and experienced traders. Beginner traders are inexperienced traders who have never traded before or have been trading for less than a year. Beginner traders often don't want to take the risk of trading large amounts of money and generally won't be able to trade full time during the work week.
The FXTM Market trading account cannot be converted into a strategy account or Follower account in Copy Trading (FXTM Invest). Once a trading account or strategy account has been created, the account type cannot be changed. We recommend that you create a new strategy account, or register as a strategy provider if you haven't already. But if you want to link the two accounts, you can. If you have an FXTM Market Account registered with the same email address as your Copy Trading account, it will be automatically linked - you can log in to your FXTM Invest Personal Area with your Copy Trading credentials to confirm.
Also, HFcopy Follower Account and HFcopy Strategy Provider Account are separate account types. Therefore, one cannot join the program with other account types.
Each Strategy Provider sets a desired Performance Fee at the time of account opening. Followers can view these percentages on each Strategy Provider's performance page. Once the Performance Cost of a particular strategy is set, it cannot be changed anymore. The good news for you is that at HFcopy, you can be both a Strategy Provider and a Follower, but just as I explained before, you need to open both Follower and Strategy Provider trading accounts separately.
Mar 31 2023
During my plunge into the world of trading, I really like brokers that provide copy trading services. Basically, copy trading is a forex trading tool to help traders automatically copy positions opened and managed by professional traders.
Methods that allow a forex trader to copy a particular strategy, any trading action performed by the imitated forex trader, such as opening a position, setting Stop Loss and Take Profit orders, or closing a position, and funds from the copy trading provided by the copying forex trader .
In my opinion, the opening of the FXTM invest platform is not much different from other brokers, which is quite easy and sophisticated. Besides opening an account, there's usually a document verification process right? If I want to join me copy trading in this broker, do I have to verify my account? please explain also How do traders verify documents?
Mar 31 2023
Abhainn: FXTM provides a powerful copy trading system, which is useful for novice traders who do not yet have the skills and expertise in CFD trading. FXTM Invest allows investors to choose a strategy manager from a list of top rated traders. Once the Investor has made a minimum deposit of 100 USD/GBP/EUR, the Investor's account will be activated, and the client can then copy trades from the strategy manager.
Opening a live Copy trading account with FXTM invest is very easy and takes less than 5 minutes. You simply copy the FXTM invest account type and complete online registration, submitting documents. We advise you to read the risk disclosure, customer agreement and terms of business before starting to trade. You must provide your full name, telephone number, email address and date of birth. You must also choose whether you want your account base currency.
To enjoy a more complete and secure feature, every trader is encouraged to verify to avoid unwanted things.
Proof of Identification – a valid (non-expired) color scanned copy (in PDF or JPG format) of your passport. If you don't have a valid passport, similar identification documents bearing your photo such as a KTP or driver's license are also acceptable.
Proof of Address – Bank Statements or Utility Bills. However, make sure that the documents provided are not older than 6 months and your name and physical address are clearly displayed.
Important Note: The name on the Proof of Identity document must be the same as the name on the Proof of Address document.
FXTM Invest is not available to Forextime UK Limited clients.