TopFX has recently launched copy trading for Android devices, through the cTrader app. This is a major update that has been requested multiple times from traders. Copy trading is an excellent way to participate in the markets, especially if you are new to Forex or CFDs trading or have no time to conduct your own analysis. When you copy trade, you just choose tested trading strategies from other traders and you follow them with the click of a button
Specifically, cTrader Copy allows you to:
Simply tap the Copy tab, at the bottom Navigation menu of the app.
Here is how your Copy Screen looks like when you choose the List format. You can also view the strategies as cards.
Please note that the Minimum Investment amount refers to the minimum amount that the Strategy Provider requires you to invest in their strategy and start copying it.
“M” refers to the required Management Fee, “P” refers to the required Performance Fee and “V” to the required Volume Fee. Very rarely a Strategy provider will charge all types of fees and the majority will just charge you a Performance fee.
The figure at the top right of every strategy section refers to the Return on Investment that the strategy had within the defined period. In our example above, the Strategy had a +2435.56% within one month (1M).
Account type: View Live, Demo or strategies applied on all account types.
Strategy Age: You may choose newer or older strategies.
ROI %: Select your preferred Return on Investment rate in a percentage format.
ROI period: Select the ROI period of your chosen strategy.
Copiers: You may prefer strategies with less or more followers.
Copying Capital: Here you filter the strategies according to your copying capital.
Lastly, you can filter strategies, according to the type and amount of fees you are willing to pay.
Once you have selected your strategy, just tap the “Start Copying” button. Then select the account you want to use for copying (if you have multiple), enter your desired investment amount and proceed with tapping “Start Copying” once more
If you prefer to copy trade on desktop, you can view the desktop version here.