Copy Trading: What It Is and How It Works 

Copy trading is an automated trading strategy that allows users to mimic the operations of experienced traders. This enables earning on cryptocurrencies while minimizing the time spent on market analysis and developing personal trading strategies. Users select a “lead trader” whose trading actions they wish to copy and configure the software to automatically replicate these actions in their trading account.

How Does Copy Trading Work?

On the Cryptorobotics platform, copy trading is implemented through a service that allows users to automatically repeat the operations of a selected trader. These operations are reflected in the user’s accounts in proportion to their share of the total trading balance. For instance, if a master trader places an order for 10% of their balance, an order for 10% of the user’s balance will also be placed. This feature is available on the Binance and Binance Futures exchanges.

Risks and Legal Status of Copy Trading

Like any trading strategy, copy trading involves risks. The effectiveness of copy trading depends on the choice of platform and the experience of the lead trader. A poor choice can lead to losses. It is important to conduct thorough research before choosing a trader to copy, not relying solely on social media profiles.

Copy trading is legal and recognized by many regulatory bodies, such as the Financial Conduct Authority (FCA) in the UK and the European Securities and Markets Authority (ESMA).

Copy Trading Advantages 

Copy trading offers several advantages, making it a popular choice among investors in the cryptocurrency market:

• Accessibility for Beginners: Copy trading allows newcomers to start trading without needing a deep understanding of the market. They can benefit from the experience of more seasoned traders by copying their trades.
• Time Savings: Traders do not need to constantly monitor the market or perform deep analysis. Instead, they can rely on the strategies and decisions of lead traders, saving their time.
• Risk Reduction: Copying the trades of experienced traders can help reduce risks as newcomers use already tested strategies. However, like any trading tool, it carries risks, and it is important to choose traders cautiously.
• Learning and Development: By observing the actions of experienced traders, newcomers can learn and gradually develop their trading skills. This allows them to transition from merely copying to trading independently with confidence.
• Investment Diversification: Using copy trading, investors can easily diversify their portfolio by copying the trades of multiple traders, potentially reducing risks and increasing chances of success.
• Flexibility and Control: Most copy trading platforms allow users to customize copy settings, such as the size of the trade or specific risk limits. Traders can modify or stop copying at any time, providing additional control over their trading strategy.

Tariffs and Plans

The rates and plans on the Cryptorobotics platform for copy trading can vary significantly depending on the services they offer. One popular payment method is profit sharing.

• Profit Sharing: This model allows traders to pay a percentage of their profit to the lead trader whose trades they copy. This model motivates the lead trader to maintain high trading efficiency, as their income directly depends on the success of their subscribers. Typically, the percentage taken from the profit varies depending on the copy trading channel available on the platform.

In addition to profit sharing, users may purchase a monthly subscription to a specific channel or choose one of the tariff plans if they plan to use multiple tools on the platform.

The tariff plans on the Cryptorobotics platform include the following features:

• Free: A free plan that includes basic trading features on 14 exchanges, the ability to use stop-limit orders and smart orders.
• Basic Pro: A plan costing $7 per month, offering additional features such as multi-currency smart orders, an analytics panel, and the ability to test robots.
• Expert Pro: A plan for $29, offering advanced tools for professional traders, including access to 11 robots, multi-currency capabilities, and individual strategies.
• Signals Pro: A premium plan starting at $79, providing access to all features of Expert Pro plus exclusive trading signals and channels, including specialized strategies and market analysis tools.

How to Start Using Copy Trading on the Cryptorobotics Platform?

To start using copy trading on the Cryptorobotics platform, follow these steps:

1. Registration on the Platform: First, you need to create an account on the Cryptorobotics website. Fill out the necessary registration form fields, confirm your email address, and log in.
2. Choosing an Exchange: After registration, connect your trading account to one of the supported exchanges, such as Binance or Binance Futures, using API keys.
3. Exploring Available Traders: The platform has a section where you can explore the profiles and statistics of various traders. Choose a trader whose strategy and results suit you.
4. Setting Copy Trading Parameters: Configure the copy settings, including the portion of your balance you want to allocate to copy trading operations. This is important for managing risks.
5. Activating Copy Trading: After subscribing to the selected trader, activate copy trading to start automatically copying their trading operations into your account.