Copy Trading

CM TRADING COPYKAT PLATFORM REVIEW -SOCIAL AND COPY TRADING

The CMTrading CopyKat is a platform based on the popular Sirix copy-trading system. It can be used for copying signal providers with a few clicks. All copied positions can be monitored through MT4 and WebTrader.

CM Trading Profile

CM trading is a regulated Forex/CFD broker based in South Africa. They offer the Sirix CopyKat among other trading platforms. These are the main features of CM Trading:

  • Regulation: Financial Services Board (FSB-38782)
  • Trading Options: Social Trading, Automated Trading, Scalping, CFD Trading
  • US Traders: No
  • Financial Instruments: Currencies, Shares, Indices, Metals, Energy
  • Platforms: MT4, WebTrader, Sirix CopyKat, Mobile and Tablet Traders (iOs, Android)
  • Trading Leverage: 200:1 to 400:1
  • Minimum Deposit: $250
  • Fund Methods: Cards, Bank Wire, Neteller, CashU, FasaPay

» CM Trading Forex Broker and New Accounts

CM TRADING COPYKAT FULL REVIEW

The Sirix CopyKat offers the potential to copy professional traders at the click of a button. Every time a selected provider opens a position, the same position automatically executes in the trader’s account. The size of each position is adjusting according to the trader’s available account balance.

CMTRADING COPYKAT MAIN FEATURES

  • Minimum account to use social trading is $250
  • Choose from a great variety of signal providers
  • Easy-to-copy trades (auto-pilot)
  • The CopyKat copy-system calculates all trade sizes automatically
  • Complete privacy (trader’s details are not shared with signal providers)
  • The copied positions can be accessed through the WebTrader and MT4

Monitor Past Performance

On the right of the CopyKat platform, there is a list of signal providers ranked by their relative score. By clicking on a signal provider, you can find information such as:

  • Graph of past Profit/Loss Performance (1-year, 6-months, 3-months, and 1-month)
  • Success Rate (winners versus losers)
  • Max Drawdown (max decline in a trader’s balance)
  • Best and Worst Position (percentage)
  • Risk Level (from 0 to 10)
  • Provider’s Action Stream
  • Number of Copiers

Follow or Copy a Signal Provider

You can choose between ‘Follow’ and ‘Copy’ a signal provider. Follow means you get information about any new trades without putting any funds. Copy means you will copy any new position automatically with real funds.

-You can ‘Stop-Copy’ any provider with a click. In that case, you need to close the existing positions manually.

Select a Copy Method

When you decide to copy a signal provider, you can choose between two copy methods:

  • Allocate Equity Method
  • Copy Fixed-Size Positions (in lot sizes)

Note that in both cases, the CopyKat system automatically recognizes:

  • Your equity and leverage
  • The signal provider’s equity and leverage

Copy-Trade Example

(1) A trader starts to copy a signal provider:

 Signal provider holding $20,000 in his trading account

 Trader holding $2,000 in his account

(2) The signal provider executes a trade worth 2 lots on EURUSD:

 2 lots EURUSD ($200,000)

 The signal provider uses 10:1 trading leverage ($200,000 trade based on $20,000 equity)

(3) The same trade is copied by the trader, as follows:

 Leverage will remain the same (10:1)

 The size of the position will be $20,000, or else 0.2 lots ($2,000 x 10:1 leverage)

 

 

 

Sirix CopyKat Platform Review Conclusions

The CopyKat Platform is an easy-to-use copy-trading solution. You can choose between various signal providers and monitor with accuracy their past performance. As concerns the broker, CM Trading can be considered as a safe place to trade Forex (regulated broker, offering segregated client bank accounts) but the spreads they provide are wide for Mini and Standard Accounts. Traders opening Executive or Gold accounts can enjoy much better terms (trading spreads). The minimum initial deposit for a social-trading account is $250, and you can fund it via cards and internet wallets (Neteller, CashU, Fasapay). There is also a 20% welcome bonus promotion and risk-free trades. 

» The CMTrading Sirix CopyKat Social Network | » 20% Bonus Promotion (minimum deposit $500)

 

Sirix CopyKat Review

ForexRobots.net

AYONDO WEBSITEAyondo Review

Founded in 2008, Ayondo is a German-based financial broker offering an advanced social trading network. Ayondo has already registered 210,000 users from over 190 countries.

 

Ayondo Review Summary:

  • Regulation: FCA UK, BaFIN

  • Trading Options: Social Trading, CFD Trading, Spread Betting

  • US Traders: No

  • Financial Instruments: Currencies, Shares, Indices, ETFs, Metals, Energy, Interest Rates, and Bonds

  • Platforms: TradeHub, Mobile Apps (iOs, Android)

  • Trading Leverage: 200:1

  • Deposit: €100 (account currencies: EUR, USD, GBP, CHF, DKK, SGD, and SEK)

  • Funds Insurance: Protecting all personal accounts up to 500,000GBP

  • Deposit & Withdrawal: Visa, MasterCard, Visa Electron, Maestro and Bank Wire

» The Ayondo Social Network

Ayondo Full Review:

 

The Ayondo Group

Ayondo offers its own brokerage solution which was launched in 2013. This means you can trade in the Ayondo social network without the need of a separate live account with another broker.

As it can be seen from a simple visit to the Ayondo website, there are two different companies offering two complementary services:

(1) Standard CFD / Spread Betting brokerage (Ayondo Markets).

Regulation: Ayondo Markets Limited is registered in England and Wales under FCA (UK)

(2) Ayondo Social Trade Network (Ayondo GmbH)

Regulation: The Ayondo social trading services are provided by Ayondo GmbH, registered in Germany with BaFIN

 

Safety of Funds

According to the Financial Services Compensation Scheme (FSCS), Ayondo is obligated to protect funds up to 75,000GBP for each different account. Furthermore, Ayondo applies a free insurance policy and protects all client funds, in personal accounts, for up to 500,000GBP.

  • Registered with the BaFIN (DE) as tied agent of DonauCapital Wertpapier AG

  • The brokerage firm is FCA UK regulated (No 184333)

  • Protects all personal accounts for up to 500,000GBP

  • Banking by National Westminster Bank Plc and Commerzbank AG

  • Clearing Agents include Commerzbank and Interactive Brokers

 MT4 Automated Trading

 MT4 Automated Trading

The brand-new copy-trade technology gives everyone the opportunity to easily copy the trade positions of experienced traders.

There are many different methods to perform automated trading, and that includes:

  1. Automated Trading via the use of Expert Advisors (Forex Robots) | » Learn more on EAs

  2. Copy-Trade Signals via Social / Mirror Trading Platforms | » The Dukascopy Social Network

  3. Trade on a PAMM Account (Trade via a PAMM Manager) | » Compare PAMM Accounts

The MT4 trading platform incorporates a fully-featured framework for performing automated trading. MT4 supports all popular copy trading methods (EAs, Social Trading, PAMM Accounts).

In this guide, we are going to show how to use the MT4 copy-trade system (2nd method).

 

Metatrader-4 Signals

Metatrader-4 allow traders to automatically follow, or copy, the trade positions of others (signal providers). Note that every MT4 user can be a signal provider too, and make money if others choose to follow him. You can find information about how to become a signal provider at the end.

Some signal providers may use Expert Advisors in their live accounts. When you are about to select signal providers, you have the ability to check if these providers are using Expert Advisors, or if they are trading manually.

In order to copy and trade signals via MT4, you need:

(1) An active MT4 trading account provided by an MT4 broker (easy and free to sign up)

(2) MQL community registration (easy and free to sign up, information below)

(3) Some funds to trade (minimum 200-300 USD)

Review Forex Brokers: » Dukascopy ECN | » HotForex ECN/STP | » XM STP

Search

Go to top