What Is Copy Trading Platform?
Copy trading enables individuals in the financial markets to automatically copy positions opened and managed by other selected individuals. Unlike mirror trading, a method that allows traders to copy specific strategies, copy trading links a portion of the copying trader’s funds to the account of the copied investor.
How To Start Copy Trading?
Copy trading can be done both manually and automatically. However, many platforms allow new traders to initiate copy trading in easy and hassle-free steps. For example, traders can pick the portfolio they want to copy, and they take the same positions in their portfolio.
- Choose a Strategy Manager.
- Make a deposit – from as little as $100.
- Automatically copy the Strategy.
- Cash in when they profit.
- Share a percentage with the Strategy Manager.
How Does Copy Trading Work?
Copy trading is the process of imitating the trade positions of a chosen or experienced trader into a personal portfolio. All investors must do is choose a preferred trader and align their portfolio with them. The trader can choose how much money they want to invest, and the trading occurs in real-time. It is possible in capital markets like crypto and stock market and even takes place as Forex copy trading in currency markets.
What Is The Best Copy Trading Platform In South Africa?
- Pepperstone – Best Trading Platform in South Africa Overall
- AvaTrade – Best Trading Platform South Africa for Forex
- Interactive Brokers – Best Stock Broker South Africa Overall –
- Plus500 – CFD Trading Platform South Africa
- XTB – Best CFD Trading Platform South Africa
- XM – Reliable Online Broker South Africa with Low CFD Fees
- Capital.com – Great Mobile Trading Platform South Africa
- OANDA – Great Forex Trading Platform South Africa
- IQ Option – Best Trading Platform South Africa For Digital Options