OCTAFX UPGRADES COPYTRADING: MULTIPLY ORDERS AND PROTECT FUNDS FROM VOLATILITY

OctaFX has revamped its copy trading service by updating some crucial settings as the online broker jumpstarts 2022. Users of the copytrading platform, whether mobile or desktop, can now copy the Master Traders orders in equal, double, triple, or any other desired volume.

The broker has recently been awarded the Best Forex Copy Trading Platform award by South African magazine, TradeForexSA.

Profit with minimum effort

OctaFX Copytrading is the FX and CFD brokers way of helping novice traders to better manage their risk by using the skills of Masters Traders, who earn a slice of the profits as payment for their services.

Copytrading has also become popular among experienced users who no longer wish to invest their time in staying up to date on both technicals and fundamentals of the financial markets.

The broker stated how the service works: “The clients, known as copiers, choose professional traders to copy orders from them. Whenever a Master Trader opens an order, the same order opens in a copier‘s account automatically. This way, a copier can simply trust a Master Trader’s expertise and profit with minimum effort.”

Subscription process more transparent

OctaFX Copytrading has been working on making the subscription process to Master Traders more transparent for the copiers, having updated the parameters a copier can set when subscribing to a professional trader.

“Firstly, a copier can choose to copy a Master Traders orders in equal (×1), double (×2), triple (×3), or any other volume. Upon selecting a copying mode, a copier will see the investment required to start copying this Master Trader in this mode”, the firm explained.

The broker also added “support funds” as a new feature for the Copiers, who can now choose to add support funds to protect their investments from unexpected market movements. This amount will only be used to support the trading strategy when the market fluctuates.

“The required investment for each Master Trader is calculated automatically. An algorithm calculates this optimal amount from a pro‘s trading history. This way, copiers can choose Master Traders based on how much they are ready to invest. It comes down to the most significant of the service’s recent improvements”, the broker continued.

Copiers can filter Master Traders by the minimum amount required to invest with them and the system suggests Master Traders with strategies matching Copiers financial opportunities.

OctaFX was founded in 2011 and currently boasts over 7 million users globally.