User Guide – How does OctaFX’s Copy Trade work? | OctaFX – FXBonus

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Start Forex Copy Trading with OctaFX

Profit by copying the success of professional traders.

OctaFX Copytrading provides customers with the opportunity to automatically copy the strategies of leading traders without having to spend a long time developing their own trading strategies. Choose from the best foreign exchange trading masters and diversify your trading portfolio.

Follow the most profitable traders.
No need to be a foreign exchange expert.
Stable income from a diversified portfolio.

OctaFX does not charge any additional commissions-the only commission you pay is the trader’s commission, which will be specified separately and charged in US dollars per lot based on the transaction volume.

Open OctaFX’s Copy Trading Account

How to start copy trading with OctaFX?

Create an account and make a deposit
You can register in one simple step, and then use any payment method you like to make a deposit to your wallet. If you already have funds in your OctaFX trading account, you can use internal transfers to add funds from your account to your wallet. Your wallet balance shows funds that you have not invested.
Follow the best traders
Find the master you wish to follow, and click copy. Its positions will be copied automatically. The deposit percentage setting will help you manage your investment portfolio. Try to copy different strategies and decide the best one from them!
Monitor and profit!
There is no limit to the number of master traders you can copy. Therefore, you can create a balanced and diversified trading portfolio and obtain stable income. You can also fully control the entire process and revise/stop copying transactions at any given time. You can view the detailed trading data of the copy master trader in your copier area.

You can cancel the Master Trader’s subscription at any time and stop copying transactions. When you cancel the subscription, all the funds invested in the Master Trader and any profits generated by copying will be returned to your wallet.

Before canceling your subscription, make sure to close all current transactions.

Start Copy Trading with OctaFX

Why OctaFX’s Copy Trading is great for anyone?

This new tool can help traders to earn a more stable income by copying more experienced traders.

Learn the best traders: It is very easy for novices to enter the foreign exchange market.
Diversified investment portfolio: Choose master traders and follow a large number of experts.
Enjoy fast order execution: After opening a position, the order is executed within 5 minutes.
Keep everything under control: You can stop copying, subscribe or close a transaction at any time.
It can be run in a few simple steps: No additional verification is required.
Safe and fast investment and withdrawal: A variety of mainstream payment methods to choose from.

Find out more about OctaFX’s Copy Trading

Forex Copy Trading on Mobile App

Enjoy All The Advantages Of Copying Transactions In The Mobile App!

Focus on investment through the easy-to-use OctaFX Copytrading app.
Control your portfolio and investments on the move.
Track master traders and their real-time performance to achieve smart investment.
See how your funds are invested and manage risks in real-time.

Find out more about OctaFX’s Mobile App

How to choose a Best Trader to Copy from?

The data of the master trader includes earnings and the number of copyists, commissions, trading pairs used by the master trader, profit factor and order direction, and many other factors, which you can check before deciding to copy. Before copying starts, you need to set the deposit percentage and select the amount of funds to invest in a specific master trader.

Copy-trading volume depends on the account leverage and equity of the master trader and the copier, which is calculated as follows: Trading volume (copy transaction) = equity (replicator) / equity (master trader) x leverage (replicator) / leverage (trader) Master) x trading volume (master trader)

Example: The net value of the master trader’s account is 500 USD, the leverage is 1:200, the net value of the replicator’s account is 200 USD, and the leverage is 1:100. Open 1 lot trading in the master trader account. The volume of the copy transaction is: 200/500 × 100/200 × 1 = 0.2 lots.

A deposit percentage is an option you set before copying to help you control your risk. It can be any percentage from 1% to 100%. After you set this parameter, if your balance falls by the set amount (20%) from the current net value according to the following formula, then the new transaction will not be copied:

Net value (replicator) < (100%-percentage of deposit) × balance (replicator)

You can modify it when copying the master trader.

See Traders Ranking in OctaFX Official Website

How to become a Signal Provider of OctaFX’s Copy Trade?

While trading normally, earn extra income from other traders who copy you. Your master trader profile will show the daily and monthly performance of your trading-promote and attract new followers.

Create a master trader account
Click on the Trader area to create a Trader account-open a new or assign an existing account to your Trader account.
Account settings
Prepare your master trader account and let the copyists follow: set your commission amount and describe your strategy.
Monitor and profit!
Use the Master Trader area to view the detailed data of your transactions, change account settings, and view the amount of commission you earned.

Any OctaFX client with an MT4 account can become a master trader. Just visit your Trader area and set up your Trader account.

OctaFX Copytrading provides you with an additional source of income: open a master trader account, describe your strategy, and then set a commission for others to copy your transaction.

GO to OctaFX Official Website

Trade on OctaFX’s mobile app anytime and anywhere

You Are In The Trader Zone Of OctaFX Trading App On Android

Create a master trader account on the move.
No matter where you are, you can view the statistics and commissions of your copiers.
Manage the replication conditions of your new followers on-site.
Create different Trader accounts for different strategies.
Track the detailed data of your order in the master trader area and earn commissions from the master trader.
Enjoy various benefits without paying additional commissions to OctaFX.

Download OctaFX’s Mobile App for free

Full Terms and Conditions of OctaFX’s Copy Trading Service

OctaFX Copytrading (hereinafter referred to as the “service”) is a service that allows traders (hereinafter referred to as “copiers”) to copy the transactions of other traders (hereinafter referred to as “trading masters”). You can select “Start Copy” to activate.

Duplicators need to complete the following operations to apply for this service:
- Complete registration and login as a customer on the OctaFX website.
- Add funds to the wallet.
- Enable copying.
The copier has the right to perform the following operations:
- Stop copy trading at any given time by “stop copying”.
- Before investing with the master trader, you can also edit the copied parameters through the editing function during the copy trade process.
- Copy any number of traders Master (all current subscriptions can be found under “My Tag” in Master Trader’s rating or in your “Replicator Area”).
- In the Replicator Area, you can manually close the copied transaction at any time.
- By clicking “Stop Copy”, you can cancel the subscription to the Master Trader and stop copying the trades of the Master Trader. To cancel the subscription, the copier needs to close all trades. After canceling the subscription, all funds and profits invested by the master trader will be refunded to the copier’s wallet.
- In participating in the investment operation of each specific master trader, set one of the two options for calculating the investment amount of the replicator (full scale 1:1 replication or in accordance with the ratio of the replicator’s funds). Both options are clearly explained in Article 4, Sub-item 5 of the Terms and Conditions.
This service can be used on the Metatrader 4 platform.
Open the routine of copy trading:
- After subscribing to the master trader through this service, the copyist will only copy the trades opened by the master trader.
- Stop-loss/take profit orders are not visible in the copier area, but if an order is triggered on the master trader account, the copied trade will also be closed.
- The Balance Keeper option is available from the time of subscribing to the Trader Master account and can be used to customize the risk of the replicator when using the service. Replicators can set the Balance Keeper value to follow any proportion between 0% and 50% of the funds invested by the master trader. If the percentage of the net asset value of the initial investment capital of the copier is lower than the set value, Balance Keeper will suspend copying new orders of the master trader and close all existing orders. Balance Keeper will trigger the set value but will not protect the instant loss, so it can save a small amount of investment when the market is highly volatile.
- After subscribing to the master trader, the replicator specifies the amount to be deducted from the wallet and invests with the selected master trader. These funds and your profit will be returned to your wallet when you stop copying the master trader.
The number of copy transactions can be selected from two options:
- Full-scale copying 1:1 means that the volume of transactions opened by the master trader is equal to the volume of copy transactions opened by the copyist.
- The proportion of the funds of the copier means that the transaction volume depends on the leverage and the equity ratio of the master and copier accounts. It is calculated as follows: Quantity (copy transaction) = net asset value (replicator) / net asset value ( Master Trader) X Leverage (Replicator)/Leverage (Master Trader) X Quantity (Master Trader).
- Example: The net asset value of the Master Trader’s account is USD 2000, and the leverage is 1:200. The net asset value of the replicator’s account is $200, and the leverage is 1:500. The master trader account opened 1 hand trade. Therefore, the number of copied transactions is 200/2000 × 500/200 × 1 = 0.25 lots.
The leverage ratio of the replicator is set at 1:500. Copiers who want to adjust the trading volume need to contact OctaFX customer service.
After the service is activated, the transaction will be copied to the copier’s account immediately, regardless of whether the owner of the account has registered to participate.
The copier’s order is executed on his account in accordance with the Trader’s order (buy or sell). When the master trader places an order, the copy of the account will trigger the signal to open the order, and this kind of order of the copy is executed at the market price. The same mechanism is triggered when the order ends. Therefore, the execution price of these orders may vary. In addition, the number of copiers who copy this Trader Master will affect the execution time.
Applicable restrictions:
- The minimum trading volume for copy trading is 0.01 lots, and the maximum trading volume for copy trading is 100 lots.
- If the copied transaction volume is less than 0.01 lot after calculation, no transaction will be opened on the copier’s account.
- If the copied transaction volume is greater than 100 lots after calculation, no transaction will be opened on the copier’s account.
If the trading master’s account equity (through deposit or withdrawal) or leverage changes, all transactions copied on the copier’s account retain the initial trading volume.
All trading conditions (leverage, swaps, spreads) of the copier are similar to those of the OctaFX MT4 account.
The master trader account must be an OctaFX MT4 type account.
The service department has the right to do the following:
- Limit the number of Master Trader accounts created by Master Trader at any time without prior notice.
- Unsubscribe from the copy of Master Trader without prior notice.
- Reduce the commission set by the Master Trader and limit the maximum value of all Master Trader accounts without prior notice or any explanation.
- Modify these terms and conditions at any time without prior notice to the copier or master trader. These modifications will become effective when they are published in the terms and conditions on the service website.
- Evaluate the trades of the master trader, use the “high-risk strategy” warning to mark the master trader’s account, and exclude this account from the master trader’s rating by default (for replicators who change the filter settings accordingly Remain visible).
The master trader determines the type of commission (two types-“fixed commission per lot” and “revenue sharing commission”) and the amount of the copy. The fixed commission per lot ranges from $0 to $15. Revenue sharing commissions range from 0% to 50% of documentary revenue. The commission accumulated within a week will be sent to your master trader’s e-wallet every Sunday.
The amount of commission paid by the replicator to the master trader is set when the replicator presses “Start Copy”. If the trader changes the commission amount, this does not affect the amount due under this trader’s subscription.
IB commission amount:
- If the master trader charges a fixed commission per lot and is the IB (intermediary broker) of the copy trader, the total commission ( IB commission + fixed commission per lot ) should not exceed $ 15 per lot. In this case, a fixed commission per lot should be accepted. For example, if the master trader charges a commission of USD 5 per trading lot for the IB service and a commission of USD 15 per trading lot for the master trader service, the master trader will receive a total of USD 15 per trading hand ( USD 15 per lot—fixed per lot) Commission, $ 0 — IB commission).
- If the master trader receives revenue sharing commission and is a copy trader’s IB, there is no limit to the total commission amount ( IB commission + revenue sharing commission ) that can be earned.
The commission type is set when the master account is created and does not depend on subsequent changes.
Reward for copy transaction:
- Copy 50% of the initial investment of the master trader as the bonus amount.
- During the promotion date, the bonus for copying Master Trader can only be applied once.
- Bonuses shall not be applicable to the continuous investment.
- Bonuses cannot be withdrawn or considered to be part of the copy trader’s investment.
- If your account equity is lower than or equal to your bonus reward, the bonus will be canceled.
- Copy traders can manually cancel bonuses in the copy trading area.
- When the copied trader stops copying the master trader, the bonus will be canceled.
- After cancellation, the bonus cannot be applied again or reactivated.
- The service may refuse to copy the trader’s bonus application at any time, without prior notice or providing reasons for such a decision.
- The service can cancel the bonus of copy traders at any time without prior notice.
- If the amount of personal funds invested by the copier in the master trader is less than or equal to the bonus amount at the time of withdrawal/internal transfer, the bonus will be canceled.
- Any situation not described in these rules shall depend on the service decision.
- The service reserves the right to change, update or cancel this promotion without notice in the service news.
Free trial
- Master Trader can activate and deactivate the free trial at any time.
- When Copier starts copying the Master account, the free trial will be automatically activated:
- Master Trader can use this Master account for a free trial
- Copier has not activated the free trial of this Master account in advance.
- If Master Trader cancels the free trial, it will continue to apply to Copiers that have activated the free trial.
- If Copier stops copying the Master account during the free trial activation, Copier cannot reactivate the free trial for this Master account.
- After the free trial period expires, subscribing to Copier must comply with the prerequisites, including the commission amount.
The transaction statistics of the copier can only be viewed by the copier.
The trading statistics of Master Traders are publicly available to the public.
The copier cannot access the trading terminal. All operations of the copier on subscriptions and transactions are handled under the “Copier Zone”.
If the service has reasonable reasons to suspect that the copier has violated the deposit and withdrawal rules set by the customer agreement or the laws of the country of residence of the copier, the service has the right to stop providing services to the copier.
Please note that the trades of the master trader may be profitable or loss-making.