ForexNewsNow – FX Copy is a social trading network that allows traders to follow high-profile experts in the business and automatically copy the actions performed by them. The brand owned by the company Enfinium Pty Ltd.
The company is licensed and regulated by the Australian Securities and Investments Commission, meaning that it follows a series of strict guidelines regarding trader security and fraud prevention. The company does not offer services to US citizens.
How it Works
FX Copy allows traders to interlink their regular trading accounts with the FX Copy system. FX Copy will then allow traders to share their account activity with other traders registered at the site. After this, traders will be able to analyze their trading performance with interactive and well-elaborated charts.
But the main service offered by FX Copy is the possibility to subscribe to other traders and follow the actions taken by them. The system will then provide live feeds about the actions performed by followed professionals. This will allow subscribers to copy the actions performed by the followed forex professionals.
FX Copy also provides automatic trading. If this feature is enabled then the system will automatically copy and execute the trades performed by the followed professionals. This is an extremely useful tool to earn large amounts of money without requiring to have a vast experience in the trading market.
The services offered by FX Copy are complete free of charge. Traders do not have to pay a signup fee or a monthly subscriptions price in order to use the services offered by FX Copy.
Platform and Usability
The platform used by FX Copy is the FX Copy Bridge. The platform has to be downloaded from the provider’s website and will have to be installed into the trader’s MetaTrader 4 account. This will allow traders to access the services offered by FX bridge right from their MT4 platforms.
Using the services and features provided by FX Copy is extremely easy. Everything just blends in easily with the MT4 interface which ensures great usability. Traders will be able to begin using the services provided by FX copy in just a few seconds after installing the platform.
Traders are being given the opportunity to follow and copy the actions performed by other highly experienced forex traders. The list of traders than can be followed is displayed on FX Copy’s website. Here, traders are also ranked according to profitability.
At this moment the most profitable trader at FX Copy has generated a return of 1,342%. This percentage is extremely large in the forex trading business. The traders in the top 10 list all generate returns of over 190%, most way above 200%.
At this moment the public list of traders reveals that there are around 3,000 traders registered at FX Copy. This means that the service provider is still relatively small but it’s constantly growing and new users are registering every day.
Evaluating trading specialists is also very easy and can be done directly from FX Copy’s website. All that has to be done to show the data related to these traders is to click on their names. This will bring up a page displaying all the relevant information such as profitability, trading history and total profits generated by the respective trader.