CopyFX Review 2023 – Compare The Best Copy Trading Platforms

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Below you can find a detailed look into the opportunities provided by the social trading platform CopyFX. For more reviews on other social and copy trading services, click here.

CopyFX is a social trading platform developed by the forex broker RoboForex. Users can register and benefit from the CopyFX opportunities either as an Investor or a Trader. In this CopyFX review, we will break down the platform’s main features and tools, what is the registration process, and point out the main advantages and disadvantages of the platform.

CopyFX by RoboForex Overview

CopyFX was launched in 2014 as the copy trading service offered by the online broker RoboForex. The broker is part of RoboForex Financial Group with several divisions around the world. The brokerage provides forex and contracts for difference (CFD) trading via the MT4, MetaTrader 5 (MT5), and cTrader trading platforms. Today, we will focus on reviewing their social trading opportunity – CopyFX.

CopyFX Features and Tools Review

CopyFX takes the idea of social and copy trading and provide it to its clients with a bit of a twist. At a glance, the platform is well structured and easy to navigate. As a potential user, you can get information about the services, the products, the type of accounts and review some of the traders’ performance.

You can create two different types of profiles within CopyFX – an Investor and a Trader. Investors can be complete beginners or traders with little experience in the world of forex trading. Traders, on the other side, are professional participants with solid experience and knowledge about the markets.

If you register as an Investor and open a CopyFX account with RoboForex, the platform enables you to automatically copy the positions of the expert-traders features on the platform. Still, it’s up to your choice which traders to follow. You can review their profiles by clicking on their name from the Ratings section.

The information includes important features as risk level, minimum deposit required, trader’s commission rate and investment period. You can also monitor their performance for a specific time period. Overall, the data provided could be more comprehensive, but even it is enough to evaluate and conclude if it matches your needs.

If you register as a Trader, CopyFX offers you two ways you can get a commission. The first opportunity is to receive a fixed amount of commission for each successful trade you made. The second option is percentage-based on the profit of each positively performed trade.

Another exciting feature of CopyFX is the two types of accounts available for both Investors and Traders. They can either open a Cent Account or Pro Account. Cent accounts are for those opting to invest small amounts of money or/and want to try if the platform will match their expectation. In essence, this type of account is a kind of demo account. However, there is still capital at risk from your account.

CopyFX Registration Process Review

As we mentioned, CopyFX is not a broker-independent platform but works in conjunction with RoboForex. The process of registration goes through several steps and includes a standard verifying procedure. Regardless, if you are signing as a Trader or Investor, there is a minimum deposit of 100 USD. You can withdraw profit twice a month, and there is a special section explaining the withdrawal policy.

CopyFX Customer Experience Review

CopyFX specialises in providing opportunities in Forex trading. For those interested in the market, the platform could offer interesting opportunities. In our opinion, it is more suitable for already experienced rather than a complete novice.

Advantages and Disadvantages of CopyFX review

Advantages:

► Simple and easy to navigate

► Two types of accounts to select from

► Specialises in Forex

Disadvantages:

► Minimum deposit starts from 100 USD

► Suitable for individuals with some experience

Has this CopyFX review answered your questions? Check more reviews on a wide range of social and copy trading services here.