RoboForex CopyFX: How Copy Trading Works

CopyFX is RoboForex's copy-trading platform — pick a trader and your account mirrors theirs automatically. (RoboForex now also brands it "Copy Trading Service," though the CopyFX name and copyfx.com are still widely used.) It's a hands-off entry point, but the risk is still yours. New to the idea? Start with what is copy trading and is copy trading profitable.

How CopyFX works

You open a CopyFX investor account, browse providers (traders open to being copied), allocate funds to the ones you choose, and your account copies their trades in proportion to your allocation — a provider risking 2% of their account moves roughly 2% of yours. You can adjust or stop copying, and the provider earns a fee (below) on the profit or via a subscription. It settles on investment periods of 1, 2 or 4 weeks.

How to copy a trader

1. Open a CopyFX investor account. The investor minimum is $100.
2. Choose a provider — judge by maximum drawdown and consistency, not just headline return. A high return built on huge drawdowns is a blow-up waiting to happen.
3. Allocate and set your copy parameters (how much to commit, and any limits your account offers).
4. Monitor — copying isn't "set and forget"; a provider's edge and risk appetite change, so review drawdown and results over time.

copyfx.com

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1. 1Eye-catching yields — 780% here, 3434% further down the list.
2. 2Check Max drawdown right beside it: −70%, −85%, even −90%. That's the number that matters.

The fees

The provider sets the model; you pay it out of your gains:

• Performance Fee (the main model) — a share of the profit they make for you, set by the provider anywhere from 5% to 50%, and charged only on new profit above a high-water mark (so you don't pay twice for recovering the same ground).
• Subscription Fee — a fixed periodic charge, paid weekly when you're in profit.
• No-commission — some providers trade without a fee.

Always read a provider's fee before subscribing and fold it into your expected net return.

copyfx.com

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1. 129,938% yield — but a −63% max drawdown over just 138 days. Read both.
2. 2The provider's terms: a 35% performance fee, weekly payout, $100 minimum.

Becoming a provider

To be copied yourself: register, open a real MT4 account (or an MT5 account with the Hedging system enabled; R StocksTrader is also supported), deposit at least $100, then set your conditions (fee model and rate) and publish your strategy so investors can find and copy it. Commission is credited at the end of each investment period.

The risks (read before you allocate)

• You inherit the provider's leverage and drawdowns.
• Past performance ≠ future — strong records reverse.
• Fees come out of your profit — check the net.
• Offshore (Belize) — no local investor protection.

Compare the concept across venues in the copy-trading hub.