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

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