What is Investocopy Social Trading
Social trading seems to be the new hit with binary options traders. There are many reasons for this trend. In the last year or two we have witnessed the rise of trading systems that ensure traders can off-source their trading skills to someone else more proficient in trading. One of the first such products were binary trading signals. The idea was to have experts generate trading recommendations that are delivered to customers who can then act on them and leverage someone else’s expertise. The second wave came with automatization and auto trading. Now the third kind is emerging and it offers more flexibility than the previous two while it is also a lot of fun.
Read some our international reviews:
- Investocopy Recenzja (PL)
- Investocopy Bewertung (DE)
- Investocopy Recension (SE)
- Recenzija Investocopy (HR)
- Investocopy Anmeldelse (DK)
For more languages, click on the language menu in upper right corner
Social trading with Investocopy lets users leverage the power of the trading network to reach their trading goals. There are many traders on the network that are experts and make considerable money by trading binary options. Now, with Investocopy, less skilled traders can join the network, find the successful traders and start following them and copying their trades. This way traders can choose the trader they see performs well and simply allocate part of their portfolio to their trades. As the trades are copied and placed as if they were customer’s own, the overall profits of the network are growing.
With Investocopy, experts, or as they are called – gurus, have the incentive to take part in the network simply trough the system of credits and rewards this social trading platform has set up. Guru traders are the most successful traders on Investocopy and they have many followers. As those followers profit from guru’s insights into the market, gurus get credits and so are motivated to earn even more by placing more successful trades. It is a win-win situation for all. Newcomers get tips from experts while experts have an opportunity to earn by sharing their knowledge.
Creating an Account with Investocopy
Traders will get some credits when they sign up. Signing up is very fast and all trader needs to enter are some basic information such as name, mail, and password. Immediately, a demo account with $550 is opened and traders can test the platform. The interface is really fun and easy to use. Dashboard sums up all the important information about the account at one glance. There is info such as the trading balance, profits, opened positions, current investment. Also, below is the list of most successful traders, and on the side.
On the left side is the menu. In social trading section traders get the basic info on gurus they are following, traders that are their followers, news updates and more. Further below is the “my open positions” section where traders can easily gain an overview of what is going on at the moment with their actively traded portfolio. Traders in the demo mode will only see demo trades. Traders who want to have a real account must sign up with a broker that will manage their trading account. Investocopy works with the brokers platform to place the trades.
OptionWeb Binary Broker Platform
Investocopy partner for this is OptionWeb, one of the biggest European brokers. Read the OptionWeb review from our experts and see why this broker is a good choice for your Investocopy trading. They have excellent customer support and support many European languages. After an account with OptionWeb has been created the website will show OptionWeb control panel where customers can deposit. The minimum deposit with OptionWeb is $200 which is somewhat lower than the industry standard so that will appeal to customers.
Funding the Investocopy Account
After the account has been created and funded, customers can go to the real mode section and turn off the demo in order to start trading. First they have to find traders they can follow. They can simply choose one from the list presented or go trough the search to find one, or more manually. By building a portfolio of traders to copy, customer has made the first step. The share of each trader that is being followed in client’s portfolio is usually fixed to 20%, for diversification. However, in advanced more, traders can assign all of their portfolios to one guru they are following. The trades that are made are proportional to the customer’s balance in regards to guru’s trade/balance ratio.
After that, customers can simply track their open trades and look at the indicators on the dashboard to see how the portfolio is doing. If a guru is not performing, she can simply be unfollowed. Each copied trade costs one credit. Traders can earn or purchase these credits. Credits with Investocopy can also be traded for real funds. Trader pays 3% of weekly profit in credits to the gurus in order to make them motivated to trade more successfully. This way the guru has a stake in the success of each and every one of her followers. Credits are also earned by referring friends, getting followers and getting coupon codes.
The trading room section allows traders with a real account to trade for themselves directly. They get access to the OptionWeb platform and can place trades that later others can copy.
Investocopy has created a really nice system for the newcomers to get some support while trading. Finding a good guru may take some time, but luckily there are performance charts and each trader’s profile can be thoroughly examined in order to determine if the trader will bring good trades and success. In any case, traders without experience now have a very easy platform for their trading needs. They can simply copy the best traders for their own success.