VideForex's copy trading feature enables traders to compare over 50 trade masters based on their win rate, profitability, total turnover, number of trades, and other key performance metrics. Traders can also view the number of watchers and followers each trade master has on the VideForex broker.
In the default settings, traders are ranked based on their total profit amount, win rate, and total number of trades. Clicking on the profile icon of any expert trader also provides you with minimum and maximum copy amounts in addition to the copy proportion.
How to Copy Trades on VideForex Broker
As a binary options broker, VideForex offers a social trading option that allows traders to earn passive income.
Traders can easily set up and customize this feature to earn extra income while trading binary options instruments.
VideForex broker copy trading setup process:
- Navigate to the “Copy trading” section on the VideForex dashboard;
- Explore master traders;
- Review account master details;
- Customize trade replication settings, and start copying trades.
Here's an overview of all the important aspects of the social trading feature in the VideForex.
Parameters | Copy Trading Feature |
Minimum Deposit | $250 |
Copy Fee/Commission | From 1% to 2.5% |
Available Instruments | Forex, Cryptocurrencies, Stocks, Commodities, Indices |
Top Trader Filters | Profit, Winrate, Total Number of Trades |
Copy Parameters | Minimum and Maximum Copy Amount, Copy in Proportion |
Stop Copy Option | Yes |
#1 Navigate to the “Copy trading” Section
Upon logging into your VideForex account, you'll find the “copy trading” option on the left panel.
After you click on it, a new page will open for you. On this page, you'll need to specify a name for your mirror trading account. Once you've done that, click the "Start Copying" option.
#2 Explore Master Traders
Here, you can see different master traders categorized based on various factors such as win rate, profit, and number of trades.
#3 Review Account Master Details
By clicking on an account master’s name, you'll see the number of people currently viewing this trader. The second section displays their number of followers.
You’ll also find detailed information about the trader's account, including profit level, profit in dollars, balance, total turnover, win rate, and total number of trades. At the bottom, you can see the trader’s latest trades.
By clicking on the “trades” section, you’ll get a complete overview of all the trades they’ve executed, whether they were buy or sell trades, and the profit earned from them.
Clicking on the “Copy Rule” shows the conditions the account master has provided for its trades.
#4 Customize Trade Replication Settings
By clicking on the "Copy" option, you can apply customized settings and start copying their trades to your account.
You are able to determine the minimum and maximum trade amount as well as the proportion.
After adjusting the settings, click "Start Copying" to finalize. VideForex allows you to follow account masters' trades by clicking on the “Watch” button.
VideForex Copy Trading Feature Comparison Table
The table below compares the social trading feature in VideForex and those of other binary brokers.
Parameters | VideForex Broker | |||
Minimum Deposit | $250 | $100 | $5 | $1 |
Copy Fee/Commission | From 1% to 2.5% | From 2% to 50% | $0.5 on every trade | No Fee |
Available Instruments | Forex, Cryptocurrencies, Stocks, Commodities, Indices | Forex, Cryptocurrencies, Stocks, Commodities, Indices | Forex, Cryptocurrencies, Stocks, Commodities, Indices | Forex, Cryptocurrencies, Commodities, Indices |
Top Trader Filters | Profit, Winrate, Total Number of Trades | Profit, Winrate, Total Number of Trades | Number of Traders, Profitability Rate, Total Profit Amount | Trade Duration, Traded Symbol, Up or Down Prediction |
Copy Parameters | Minimum and Maximum Copy Amount, Copy in Proportion | Minimum and Maximum Copy Amount, Copy in Proportion | Minimum and Maximum Copy Amount, Copy in Proportion, Stop Balance | No |
Stop Copy Option | Yes | Yes | Yes | Yes |
TF Expert Suggestion
VideForex copy trading is a great feature for beginner traders who want to earn passive income by choosing profitable trade masters with over 60% or 70% win rates.
To customize the social trading feature further, make sure you set minimum, maximum, and trade proportion settings based on your preferences.
If you are ready to begin trade replication on the VideForex broker, fund your account using VideForex deposit and withdrawalmethods by reading the articles on the VideForex tutorial page, and start your journey.
