Octafx Copy Trading Review
Welcome to Xycinews Media, this article about Octafx Copy Trading Review was written to help users understand how it works and everything involved.
How Octafx Copy Trading Works
Create An Account And Make A Deposit
Sign up in one easy step and make a deposit to your Wallet via any payment method you like. If you already have funds in your trading account at OctaFX, you can add money to your Wallet from it using Internal Transfer. Your Wallet balance shows your uninvested funds.
Follow The Best Traders
Find Masters you want to follow and click ‘Copy’. Their positions will be copied automatically. The deposit percentage setting will help you manage your portfolio. Try copying different strategies to decide which of them work best for you!
Monitor and Profit!
With an unlimited number of Masters to copy you can create a balanced and diversified trading portfolio and receive a stable income. You also have full control over the process and can modify/stop copying trades at any given time. You can view detailed trading statistics for copied Master Traders in your Copier Area.
Octafx Copy Trading Charges
OctaFX doesn’t charge any additional commissions—the only commision you pay is Master’s commission, which is specified individually and is charged in $ per lot of traded volume.
Deposit percentage is an option that you set prior to copying that helps you to control your risks. It can equal any percentage from 1% to 100%.
You set this parameter and new trades won’t be copied if the current equity goes down by a set amount (20%) from your balance according to the following formula:
Equity (Copier) < (100% – Deposit Percentage) × Balance (Copier).
Octafx Copy Trading in Relation to Leverage & Volume
The volume of the copied trade depends on both Master and Copier accounts’ leverage and equity, and is calculated as: Volume (copied trade) = Equity (Copier)/Equity (Master) × Leverage (Copier)/Leverage (Master) × Volume(Master).
Example: Master Account equity is $500 and leverage is 1:200, Copier account equity is $200 and leverage is 1:100. 1 lot trade is opened on the Master account. The volume of the copied trade will be: 200/500 × 100/200 × 1 = 0.2 lot.
Choosing Master Traders to copy on Octafx
Master stats include gain and number of copiers, commission, trading pairs the Master uses, profit factor and order directions as well as many other factors that you can review before making your decision to copy someone. Before copying starts, you set a deposit percentage and choose the amount of funds to invest in a specific Master.
Benefits of Octafx Copy Trading With App
- Focus on investing with a convenient OctaFX Copytrading app
- Control your portfolio and investments on the go
- Track Master Traders and their performance live for smart investing
- View how your funds are invested and manage risks in real time
Is Octafx Copy Trading Legit
- Learn from the best.
- Diversify your portfolio.
- Enjoy fast order execution.
- You can stop copying, unsubscribe, or close a trade anytime.
- No additional verification required.
- Many popular payment methods to choose from.
Is Octafx Copy Trading Scam
Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.
- Do you think Octafx Copy Trading is scam?
- How you being defrauded?
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This Octafx Copy Trading Review Article isn’t aimed at defaming Octafx Copy Trading nor is it targeted to promoting them.
This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.
Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Octafx Copy Trading review.
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