How to Open a Copy Trading Account: The Ultimate Guide

A copy trading account gives you a chance to mimic more experienced and successful traders in real-time. It means sharing profits and, of course, specific risks. Luckily, advanced copy trading platforms offer a risk-free way to duplicate others’ trades depending on their overall success, track record, trading strategy type, and other crucial parameters that can back your copy trading technique.

The concept of copying trades involves three major sides. The first one is a signal provider or a professional trader you are going to follow. The second participant is the copier or an investor who wants to copy trades. A trading platform is a third participant. It operates as an intermediary between the single provider and copier and offers both parties a single digital environment with a set of advanced investing tools.

We have discussed the concept many times. You are probably well aware of how it works. So, this time you will learn how to open a copy trading account and start making a profit right at once.

Steps to Open a Copy Trading Account with MTrading

MTrading is a leading financial service provider and one of a few to deliver the ultimate copy trading solution for both signal providers and copiers. It does not matter if you want to become a copier with no experience to replicate others’ traders or you are eager to open a copy trading master account to become a provider yourself, in both cases the procedure is super fast and simple. All you need is to follow several easy steps.

Step 2 – Go to the Dashboard

The next stage is to visit a trader’s dashboard. Here you will find all baseline information about your account type, balance, and a set of trading options. Click on the account number in the left corner to move to the account settings and details.

Step 3 – Account Settings

Here, you can find additional account details and instruments to manage it. Users can withdraw funds, change personal data and login information. Here you will also find leverage you trade at as well as the account type that can be changed.

Click on the account type button and choose a “Copy Subscriber” in the new window and save changes. If you want to open a copy trading master account, select “Copy Master”.

Step 4 – Start Copying Trades

Now, go back to the dashboard and find the “More” button with available trading options and tools. Click on “Invest”.

You will enter the copy trading environment with all signal providers in one place and their strategies described in detail. The main benefit of the concept is the ability to choose a master that matches your individual requirements.

The platform provides full access to all trading insights. You are free to track a signal provider’s success along with other stats. They include:

• The current balance.
• Total profits gained over a specific period.
• The percentage of drawdowns.

Additionally, the page contains a detailed trading strategy description letting you look behind the curtain and decide if it meets your preferences.

Step 5 – Customize your Copy Trading Account

The main benefit of copying trades with MTrading is the ability to create an individualized approach even when taking into account automated order execution. Users do not simply copy trades. They can configure strategies, manage capital, and more.

You are the one to decide how much to invest. Simply type in the sum in the space provided. By the way, here you can also create a new account in case you look for Forex copier multi account opportunities. The funds will be automatically deducted from the balance.

Then, users will need to adjust baseline risk-management options. The platform gives you a chance to preset loss and profit levels. In other words, if the indicator reaches a predefined value or level, the trade will be automatically stopped.

Copy Trading with MT4

MTrading delivers an ultimate copier experience. It is fast and easy to open a copy trading account and start following professionals. Additionally, you will not need extra software. The platform comes as an all-in-one solution for beginners. However, if you prefer learning while trading, you can use the MT4 copy trade functionality.

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.