Through the latest feature called Risk Score, clients can evaluate professional traders' strategies that they want to copy based on how risky their strategies are.
OctaFX Copytrading is a popular service that allows clients to profit from copying the trading strategies of professional traders, also known as Master Traders. Recently, OctaFX broker added a new feature called Risk Score to make it easier for clients to rank the quality of traders they want to copy.
Help Clients Evaluate Master Traders
OctaFX Copytrading is called OctaFX broker's flagship facility for two reasons: first, clients can easily access the copy trading page either through the OctaFX Copytrading application or the desktop version. Second, with this copy trading feature, even novice traders without trading skills can have the opportunity to make profits after copying other people's trading strategies.
How copy trading works is very easy. OctaFX clients, known as copiers, have the right to choose professional traders, namely Master Traders, to copy their trading strategies. Every time Master Trader opens an order, the same order will be opened in the copiers account automatically.
Because they both open positions at the same time, copiers can trust the Master Trader's expertise and advantages without the hassle of determining entry points.
As the recipient of numerous industry awards, OctaFX immediately responding to client requests by adding a Risk Score feature, where Master Traders are not only ranked by popularity and profitability but also how risky each of their strategies is.
The score is calculated by a special algorithm according to the Master Trader's average profit, the number of orders, and how stable their strategy is. OctaFX hopes that this new feature will help clients filter Master Traders according to their preferences.
OctaFX is an international forex broker that operates worldwide. The domain belongs to a group of companies called Octa Markets Incorporated which is registered with St. Vincent and Grenadines FSA. Currently, the company focuses on Asian, South African, and Australian markets. OctaFX.com does not accept European clients as this market is specifically appointed to OctaFX.eu (regulated by CySEC).