What is CopyOp Social Trading?
Social trading is a fairly new phenomenon that took the binary trading industry by a sept. It utilizes the principles of social networks and trading signals in one single service. Even though it is a bit different than automated trading, it still enables traders to make decisions and place trades without prior analysis or intense education.
CopyOp is a social trading platform by a broker AnyOption. It is a social trading platform that helps traders place successful trades by providing them with the information on how other traders on the platform make decisions, and whether they are successful or not. A trader can simply follow certain traders and copy their trades, or copy trades according to selected asset. The platform is also CySEC regulated, which makes it more reliable.
Registering with CopyOp
In order to copy trades on CopyOp, the user first must finish the registration process simply by filling the registration form. Good News is that CopyOp is not requesting many details: only the basic information like name, email, phone number etc. There is also the possibility of personalizing the avatar picture that represents the trader.
Once this process is done, the trader gets an insight to an amazing trading interface that is very easy to use. Users can also get familiar with the platform before making a deposit or investing any real money. There is no demo account, but traders can still see get an impression.
Depositing with CopyOp
Every trader has to make a deposit in order to start trading. That can be done via credit card or bank wire, but keep in mind that bank wire is much slower method and it takes up to 5 days for the funds to be transferred and received.
Visa and MasterCard are much more convenient. CopyOp doesn’t mention what the amount for initial deposit it, but the form for depositing is set to $500 by default.
A trader can start copying trades as soon as the deposit is successfully done.
Social Feed by CopyOp
Social feed is what makes trading with CopyOp special. For example, the trader can choose to copy trades of the best traders overall, asset specialists that are experts in certain markets, they can follow the best copiers or simply choose the best and most successful trades. There is also the possibility of following the trades as they are done, in real time.
This way, traders can take a turn in trading how they like. It is possible to place trades according to one’s wishes. Traders can even trade by themselves, and others can copy their trades as well.
How to trade with CopyOp?
CopyOp did their best in order to make trading as easy and fun as possible. After the login, the trader can simply access the trading platform.
CopyOp Trading Platform
On the right side, the social feed can be found. This means that all tabs with various types of trades and other traders are neatly listed, and the user can easily find the type of trading he is looking for. On the right side, the trader will find assets, also divided into several groups. It is possible to search them depending on the asset type, but also depending on the expiry time, or even favorites.
Once the asset is selected, in the middle of the trading platform, a trading chart will show up. There, the trader can follow the price fluctuations and even place original trades, other traders can copy.
How CopyOp Social Trading Works?
On the top of the page, the trader first has to choose whether to place his own trades or copy the trades made by another trader. In case a trader wants to copy trades, he must click ‘Social’.
Once that is set, the trader gets an overview of the situation in social trading. Trades that can be copied are listed in the middle, as a newsfeed. On the left side are lists of top traders, and on the top, the user can find out what was the best trade in the past 12 hours, and who was the best copier in the past 24 hours.
Next to every trade placed are usually two options. One is to copy and the other is to watch. If a trader decides to copy the trade, he will make an investment in the same ways as the previous trader. If he selects to watch, the person will be added to the watch list and user will be notified every time that person makes a move. There is even a ‘buy’ button. This means the trader can purchase that trade from the previous owner.
Profits on CopyOp
Every trader that places trades can also make additional money. Every time someone follows a trader, the trader gets awarded in CopyOp coins that can be converted to real money without any additional conditions.
According to the Terms and Conditions, traders can also enjoy bonuses and many other benefits and opportunities. The requested turnover on this platform is x15.
According to the CopyOp traders can expect up to 80% returns, and the best part about this platform is that trader invests their real money and get awarded in case they trade successfully. This motivates good traders to become even better, and increases the chances of making a profit for beginners.