FP Markets supports various trading strategies, including copy trading. Read this guide to learn all about it.

Forex market is the largest financial market in the world, filled with millions of active traders across various regions. One of the most popular alternative strategies in forex trading these days is called copy trading – a strategy that involves the act of following and copying a successful trader's strategy automatically to make profits. In other words, it doesn't require traders to spend hours analyzing the market and building a trading plan from scratch. It is undoubtedly an attractive option for many people, especially those with little experience or time to trade.

FP Markets is one of the brokers that offer copy trading service. While they are not the only one out there, they claim to have an excellent platform with a strong community that can lead clients to success. Let's find out how it works. But, you must open an FP Markets account first.

FP Markets copy trading

FP Markets is a reputable broker that has been around since 2005. The ASIC-regulated broker offers more than 10,000 instruments, along with tight spreads, ultra-fast order execution, and other favorable trading conditions.

FP Markets Copy Trading allows traders to find, follow, and copy experienced traders on MT4 and MT5 platforms. You can mirror their trading behavior and generate money from the trades. It's a completely automated trading system, so there's no need to check your computer every 5 minutes. Even so, you still have control over your trades as you are able to activate or deactivate them at any time, and use risk management tools such as stop loss and take profit.

Essentially, there are two types of traders on the platform: Copiers and Providers. The former refers to those who copy other traders' strategies, while the latter are experienced traders who provide the strategies to copy. In exchange for their service, Providers get a small fee for every successful trade.


What are the Advantages?

There are several benefits that you can get from FP Markets copy trading, namely:

  • Powerful platform. The Metatrader series is known as a reliable platform for almost any strategy, including copy trading and Expert Advisors (EAs). The user interface is simple and beginner-friendly, so it's suitable for all traders.
  • Dedicated servers. All trades are automatic and handled by the system, so there is no need to keep your computer on to be logged in.
  • Competitive pricing. FP Markets offers institutional grade liquidity and tight spreads starting from 0.0 pips.
  • Join the community. Get access to a vast community of FP Markets traders. Learn about their behavior and gain new insights directly from the experts.
  • Highly efficient. Simply log in using your MT4 account credentials. No need to download any additional or separate software to start copy trading.
  • Favorable trading conditions. The platform offers fast order execution and minimal slippage.


How to Start Copy Trading as a Copier

1. Go to FP Markets' official website and sign up for a new trading account if you haven't already. Then, log in to your account and make a deposit. After that, click "Social Trading".

Copier step 1


2. Open the copy trading platform and choose a trader to follow. Click on the trader's profile or the strategy to see the statistics of their track record and past trading performance. Make sure to read carefully and consider the risk before investing your money.

Copier step 2


3. Once you found a suitable match, click "Follow" to replicate their trading behavior. There is no limit on the amount of Providers you can copy.


4. Check the details of your order. Then agree to the terms and agreement and click "Register".

Copier step 4


5. You can view all of your ongoing investments in My Portfolio. You can also manage them by adding risk management tools like stop loss and take profit orders.

Copier step 5


How to Start Copy Trading as a Provider

1. Go to FP Markets' official website and create a new trading account if you haven't already. Then, log in to your account and make a deposit.

2. Go to the Provider Registration Portal and fill in the registration form using your MT4 or MT5 credentials.

3. To have an active Provider account, you must "Create an Offer". Simply choose the name of your offer, the type of the strategy, and decide your commission rate.

Provider step 3

4. log in to the Social Trading portal to monitor your Provider account. On this page, you can see the status of your Offer, Copier details, and check the earned fees.


Final Thoughts

Copy trading can be a great solution for traders who don't have enough time or experience to trade manually. It offers an opportunity to gain exposure to the financial market without having to face the complexities of trading. However, it is important to understand that copy trading is not free of risk. If your Provider wins the trade, you get a profit, but if they lose, you also suffer the same loss.

That is why anyone interested in copy trading must learn about risk management and research the Provider that they want to follow. It's also a great idea to invest in several Providers and diversify the portfolio to lower the risk. Last but not least, consider your current financial situation and the Provider's commission rate.


FP Markets is a trusted global broker offering more than 10,000 CFD products across forex, shares, indices, commodities, and cryptocurrencies. This broker supports low commissions and tight raw spreads from 0.0 pips that are made possible by their partnership with leading banking and non-banking financial institutions.