The FP Markets copy trading is a great feature to accommodate busy traders. What sets this feature apart from other copy trading platforms?

fp markets copy trading

Copy trading is a good option for busy traders struggling to find the time to analyze the market. Technically, it is a way to automate trading by copying from other traders. It is also an excellent learning method, letting traders see the strategy and outcome of other experienced traders. This is why brokers tend to provide a copy trading service for their clients.

Some copy trading can be customized as the trade goes on, but some are fully automatic. It can also be done through multiple devices, such as web browsers, mobile devices, and many more.

Brokers could offer copy trading through a third-party platform, while some take it to the next level by building their copy trading environment. Apparently, FP Markets provides copy trading through MetaTrader 4 and MetaTrader 5 platforms.

FP Markets serves copy trading as an excellent way for new traders to familiarise themselves with the financial markets. It is also a good way for them to gain the confidence to trade. New traders can learn by watching the actions of others and more experienced traders as well as gaining some profits as they do. But the best part is that traders can participate in a community of traders with experience. In a way, they can share ideas and strategies to improve together.

FP Markets provides a comprehensive set of FAQs to increase traders' knowledge about copy trading.

🌐 Website
www.fpmarkets.com
Leverage
1:500
💼 Regulation
💲 Min Deposit
$100
Year Established
2005

Free education
Personal manager
Trading by telephone
PAMM
MAM
Segregated accounts
Affiliate program
Islamic accounts available
Hedging
Negative balance protection
Low spread eur/usd
VPS
Copy trading
FasaPay
Neteller
Skrill
Wire transfer

Keeping positions open overnight won't result in the overnight/rollover fee reducing your earnings, so you don't have to worry about it. FP Markets offers the most competitive swap rates in the industry by introducing Swaps Points in the form of a live swap rates list on the MT4 and MT5 platforms. Here are some examples:

  • ACWI: -5.00 for long positions and -2.50 for short positions.
  • ADAUSD: -20.00 for long positions and -20.00 for short positions.
  • AGG: -5.00 for long positions and -2.50 for short positions.

 

What Is Copy Trading in Forex?

FP Markets defines copy trading as a feature that allows traders to learn about trading strategies by studying other traders' behaviors. Presumably, traders with more knowledge and experience. The clients can use a wide range of statistical data to do this. Here, they have the option of replicating the trading behavior of other traders. Copy trading in FP Markets comes with a community where traders can seek help or share their trading information with others. It can be a good way for inexperienced traders to familiarize themselves with new concepts such as derivatives trading and leverage.

 

How to Make Money From Copy Trading?

Copy trading is just another form of trading. Therefore, it is possible to profit from it. There are two ways to make money from FP Markets copy trading. The first is the copier where the trader copies a strategy from another trader and earns profits from the trades. The second one is by becoming providers where traders earn extra income from copiers that follow them.

 

What are Copier and Provider?

Like what just mentioned above, there are two roles traders can take in FP Markets copy trading. Those are the copier and provider. According to FP Markets, a copier replicates other traders' trading behavior. Meanwhile, the provider is the person whose trading strategy is being copied. Usually, the provider will create an offer from their past successful trades to the community. If the copier is interested, they can use the copy trading system to replicate their trading activity automatically.

 

What About the FP Markets Copy Trading Platform?

There are many platforms to copy trade in the industry, but FP Markets MetaTrader 4 allows traders to join their copy trading community. For information, the FP Markets copy trading platform is available in both the MT4 and MT5 trading platforms. The copying system in MetaTrading allows traders to choose from various copying modes. This platform can also show rating modules and provide detailed performance statistics. It has a more informative design due to the transparent dynamic charts and tables.

 

How to Set Up Copy Trading Account As a Copier

Traders can open FP Markets copy trading through the MetaTrader 4 and MetaTrader 5 platforms. Here is what traders should do to begin copying.

 

1. Open an Account

First, open an account to use copy trading platforms. To do that, traders could check out the FP Market's official website to open a live account. There is no requirement of which account you can apply to. You can choose between the FP Market raw account or the standard account according to your needs and ability. There is no minimum deposit for this, it will be different depending on which signal provider to choose.

Once the trading account has been set up, the next step is to move to the copy trading platform. You can enter through your client area. Choose the 'Social Trading platform' that appears on the left side of your screen.

fp markets copy trading


2. Choose Which Traders to Follow

Once the trader's live account has been set up, the next step is to find the best traders to follow. The most important thing in copy trading is to follow the right strategy providers. This will affect the success of your copy trading. In FP Markets copy trading, a copier can easily find and follow the most successful traders.

This feature is equipped with detailed rating page ranks where the copier can see the track records of a provider. It includes their complete trading history and past performance. If you have found one, click follow to copy their trades.

 

3. Copy Trading Option

The best part of FP Markets copy trading is that it gives more flexibility to traders. This feature has a lot of functionality to ensure traders can customize it according to their needs. For example, the trader can set their own risk management systems using stop loss and take profit that is available in the MetaTrader platform. Furthermore, there is no limit on the number of providers clients can copy. It's good to try copying multiple providers with different trading systems to ensure you can find the one that suits you most.

 

4. Control it How You Want

Copy trading allows the copier to replicate other traders' strategies. Sometimes, it leaves traders with less freedom in their positions. However, this is not the case with FP Markets copy trading. Here, traders are given control of their accounts. It's possible to activate and deactivate copy trading with a single button. Simply log in to the copy trading portal using the MetaTrader 4 or MetaTrader 5 credentials, then use risk management options such as stop loss and take profit orders to control trading positions.

 

How to Set Up Copy Trading Account As a Provider

Besides copying, traders can also become providers and earn side incomes. How does one become a strategy provider in FP Markets?

 

1. Open an Account

To become a provider, traders should own an active live account in FP Markets. If they don't have one already, it's best to open a live account and deposit some money. In order to do this, go to the FP Market copy trading landing page and click on the 'I'm a Provider' button. Then choose 'Open Account'

registering

While there are no rules on who can apply as a provider, it is suggested that traders must have enough trading experience before choosing to be a provider of copy trading platforms. After all, the clients might judge them based on their past success.

 

2. Register

For traders who already have a live account, the next step is registering to be a provider. To do this, traders need to go to the Provider Registration Portal. Click the register button on it and complete the registration form. It can all be done using the MetaTrader 4 or MetaTrader 5 credentials. Don't worry; this only takes a few simple steps.

FP Market

After clicking the button, traders will be directed to the Signal Provider form. Traders need to fill out the forms that are available on the Social Trading page. If you have difficulty locating this form, you can always ask customer service to redirect you to it. The form should look like this.

form

 

Based on the picture above, a trader should provide some identifications such as email, account number, and details about their trading strategy. They can also customize their own fees according to their desire. Once the form has been filled out, simply click on the 'Send' button bellow and wait until the request is approved.

It does not take long until the request is approved. As long as a trader has provided the required documents for a live account, their request can be approved instantly. Should this process take too long, traders are advised to contact customer support.

 

3. Create an Offer

Once the trader has registered themselves, it's time to activate the account. To do this, they should 'create an offer.' This way, they can also offer their services to the copier. Luckily, the account can be set up according to their preferences. For example, the signal provider can choose how much performance fees they want to charge and how often they want to charge it.

 

4. Monitor

All the things that are left are to monitor the offer. Strategy providers can log in to the copy trading portal in FP Markets to monitor their provider account. This lets them view their offers' status and copier details and monitor performance fees earned.

 

What to Consider

The copy trading features in FP Markets are a great idea to help busy traders. It sounds easy to copy a provider's strategy and wait for the results. However, it also possesses some risks that traders should understand. First, it is essential to examine the provider's track record beforehand as even the best strategy might not always be successful all the time. The risk of losing is still there no matter what the traders do. Traders might also face liquidity risk during a volatile season. This is why it's good to have more flexibility in positions like what FP Markets copy trading offers. Traders can exit the market should they think their positions are in danger. This way, they can protect their money better.

 


FP Markets is a broker that provides various trading services, including low-spread trading. Here, traders can access markets such as Forex, Shares, Indices, Commodities & Cryptocurrencies.