CopyFX Review: Is Scam Or Profitable?

CopyFX Review: Is Scam Or Profitable?

Share This!

If you are an investor looking for a healthy combination of wealth and independence, copy-trading is for you.This is because websites like CopyFX by RoboForex have come up with a clever idea that will let you copy strategies of successful traders on their platform.

Copying trades is not a fad like this popular BBC TV show called Millions By the Minute has been putting it. It’s not a dream but a sure bet — if you work with the right platform.

Social media has even added a unique twist in the world of copy-trading. Look at prime examples of copy-trading platforms such as eToro’s Copyfunds. They are doing well, and users are appreciating the fact that their investments on such platforms are worthwhile.

CopyFX seems to have been created with the idea that you can become your own boss and still make a killing by implementing the strategies of other professionals. And the best part is that you don’t even have to know anything about trading since the process of copying trades is entirely automatic.

It’s for this reason that we’re doing a review on CopyFX to see how it works and whether or not you should commit your money to it

CopyFX Review: The best Copy Trading platform by RoboForex

First off, RoboForex is a regulated Forex broker under the watch of CySec and IFSC.

👉 ***Want to earn money with Bitcoin and other Cryptocurrencies without the pain and hassle of learning to trade from scratch? Imagine if you could trade and get regular results with profitable performance! Are you tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard-earned funds? If any of that rings true with you, then STOP EVERYTHING. ProfitFarmers is for you! With their software working as your Crypto Co-Pilot, YOU remain as the Pilot with total control over your money, 100% of the time. ProfitFarmers is a trading tool that combines artificial intelligence with the expertise of veteran traders to deliver high-probability trade plans right into your hands. There’s no need to spend hours trying to figure out what to trade!
Thanks to their integration with Binance, the biggest cryptocurrency exchange worldwide, ProfitFarmers executes your trades from entry to exit, you just choose the trade signals you like, pick your entry price and then let your Co-pilot take over the rest of the journey. Stay informed about every step of your money-making journey through push-notifications on their mobile app. Now there’s no need to constantly worry about your ongoing trades, just let your Co-Pilot handle it for you! This could easily be the holy grail of trading tools. Forget paying a guru to trade for you and take a massive cut of what you earn. With ProfitFarmers there are absolutely NO COMMISSIONS OR FEES ON YOUR TRADES. 100% of what you earn is 100% yours to keep. Period. Last quarter, ProfitFarmers produced 1,357 trade plans, and more than 60% of them offered peak gains of over +8%. By joining ProfitFarmers, you’ll never be short on money-making opportunities. Still wondering if this is too good to be true? ProfitFarmers has a 100% Money-Back Guarantee if they don’t deliver profitable opportunities onto their platform. If you are ready to upgrade your trading game and instantly expose yourself to profitable trade opportunities, now is the time. Head to ProfitFarmers now to start trading the easier way, with your very own Crypto Co-Pilot.

PS: ProfitFarmers is a Trading Tool. Your money ALWAYS remains in your Binance wallet, never on ProfitFarmers. 100% Verified and Recommended by

copy fx website

This broker has stayed in business for some time now. This is a sign that this broker is doing his job fairly well. Of course no one can remain in business for so long when customers are not satisfied with what they offer.

Now, RoboForex has once again diversified their trading services to welcome everyone on-board, including those who have never traded Forex before.

But how do you trade Forex to make money if you haven’t done it before? Simple, it’s the reason they introduced CopyFX platform.

The moment you sign up on this platform, your account will be linked to the top traders who have been listed as best traders by the broker.

There’s an option to manually select traders whose activities will be mirrored on your account. You select them based on their performance record.

There are two ways in which CopyFX compensates those whose trade activities are being copied by others.

Let’s say trader A is copying trader B. Trader A can opt to compensate trader B with a fixed amount of commission for every successful trade. Alternatively, trader A can choose to share a fixed amount of profit made by trader A as a result of copying trader B.

Now, one may ask: how do these traders stay motivated to doing what they do? Is there a risk of copying traders who sometimes opt to use high-risk strategies for no apparent reason?

Well, you have to remember that traders who do well are compensated by those who copy them. Secondly, because these traders are paid by the CopyFX system, they do not always see the need to use high-risk investment strategies.

And finally, traders are presented with the option of choosing the risk levels which they want to use. So there is no way surprises can happen in the event that a trader chooses to copy another trader.

As already hinted before, CopyFX is not broker-independent. If you want to use this service, you have to integrate it with RoboForex  because this broker owns it.

In as much as one may think that this is disadvantageous, that’s not the case at all. You see, some trade copier services which allow using any broker you want will let you trade currency pairs with high slippage.

This happens because orders have to be communicated between various brokers — which happens simultaneously.

However, here is a scenario where users of CopyFX will only stick to one brokerage platform called RoboFX. This arrangement actually helps to keep slippage low.

Why CopyFX is generally a good network

This platform shares lots of details with regards to previous performance of trader who feature on the platform.

What this means is that rookie traders have a chance of viewing their performance in order to get a feel of their risk profile, thus making an informed decision whether or not to copy them.

The platform is completely transparent and honest. Users can also see the strategies used by the most successful traders on this platform. Although these details are not as comprehensive as in other copy-trading platforms, the service provides more than you’ll ever need to evaluate the performance of other traders.

Does this platform work?

To know whether or not CopyFX platform works, you need to consider something known as wisdom of the crowds.

Basically, when you copy other successful traders, you’re more likely to do better than if you traded on your own.

copyfx trading network

Trading is not an easy task. But the best thing is that people still profit from it even if they don’t know how to study the markets. If you’re copying someone who knows his game well, you will definitely make money, and that’s the wisdom of the crowds.

Generally speaking, users of CopyFX tend to consistently perform well than those who choose to go the way of a lone wolf.

The one thing that you should do is to study investors who have consistently performed well over time.

This statistic is there for you to study. As a general rule, you should always copy traders who have proved a solid track record for the last 3 months.

At the time of writing this CopyFX review, the best trader had an average return on investment of 131% (over the course of 3 months).

Most traders who dominate CopyFX platform have a sensible risk/reward strategy. But at the same time, some traders still use a high-risk strategy to gather more profits within a short time. These traders may eventually burn their accounts, so it’s not wise to copy them even if they have generated consistent profits in the last 3 months.

CooyFX also uses a ranking system that identifies those who do well on their platform.

As for you, this is not the only thing to look for in a trader. If you’re really serious about it, you should short-list traders who have been ranked highly based on their strategies. Are they taking huge risks? Is their risk/reward ratio sensible? If yes, then CopyFX platform will make you smile on the way to the bank.

Other things which you should know about Copy FX trading platform

You can opt out of copy trading at any time. This would mean trading on your own. However, this approach is not recommended unless you know what you’re doing.

Secondly, traders can copy trades even if they are using two different account types. Of course they all use MT4 accounts. But trading conditions may vary depending with the account type that you have chosen.

Our Best advice for you

You’ve got the opportunity now. All you have to do is to sign up and start copying trades from users who have a long success track record.

Also, this service offers a demo account through RoboForex brokerage. You can try it out to get a feel of how it works before switching to a live account. You don’t have an excuse for not trying it out.

If You'd Like to Get Notified When This Site is Updated, Subscribe Below...

8 Replies to “CopyFX Review: Is Scam Or Profitable?”

    1. hi,

      They don’t have demo account.
      But you can use copy mode – Test
      In that test, transactions from the Trader’s account are copied to your account in the amount of 0.01 lots (On Pro-Cent accounts in the test mode, transactions are copied in the volume of 0.1 lots.)

Leave a Reply

Your email address will not be published. Required fields are marked *

IQ Mining

Binary Option Scams, Warnings, Reviews & Updates...


Popular Articles

Follow Us will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.

Copyright © 2019 · | Privacy Policy | Earnings Disclaimer Protection Status
Show Buttons
Hide Buttons