Copy trading is a form of trading where a trader copies or replicates the trades of another. Novice traders or amateurs can copy the trading strategies of experienced traders in real time with the aim of making trades on their own through a trading platform that connects both traders.
Our copy trading platform allows you to search for traders to follow and replicate the trades of the trader(s) you select. This means that when the copied trader makes a trade, the same trade is created in the copy trader’s account.
Copy trading is a way for novice traders to learn from other traders. However, it is important for copy traders to thoroughly research and understand the performance and trading strategy of the traders they are following.
How does copy trading work?
You can copy any trades that the signal provider places simply by clicking Copy. The trades are copied immediately and placed based on the the proportion calculation of your account balance.
Here's how copy trading proportion is calculated:
Divide your balance by the total balance of all the signal providers that you've subscribed.
For example, if your current balance is $ 1,000 and you've subscribed to three signal providers whose balances are $10,000, $6,000 and $4,000 respectively, the proportion will be 5% (divide $1,000 by the sum of $10,000, $6,000 and $4,000).
What are the minimum requirements to be a signal provider or a copy trader?
By meeting the minimum requirements below, you can begin your journey on Tradingcup as a signal provider or a copy trader and gain access to the features and benefits offered.
1.) Have an ACY Securities account: Sign up for an account on ACY Securities.
2.) Have a MT4 account: A valid MT4 account is required.
3.) Initial minimum deposit: The initial minimum deposit for our Standard accounts is $50. For ProZero accounts, the initial minimum deposit is $200.
How do I copy trades?
Head over to the top menu of our website, click Signals, select a signal provider then click Copy. Up to 5 signal accounts can be simultaneously copied under an account.
If you agree with the trading proportion calculated on our platform, click Copy Now.
If your account balance is insufficient to start copying trades, please click Deposit to meet the required minimum balance amount of 500 in USD, AUD, NZD, EUR, GBP, CAD, or 50,000 in JPY.
How does a subscription work?
A subscription on the Tradingcup works in the following flow.
1.) Signal selection: Select a desired signal provider listed on our website.
2.) Price and subscription period: After subscribing to a signal, you will be charged a flat monthly subscription fee either through credit card payments or online payment platforms. If there's insufficient balance in your account, we will remind you with a pop-up message. If your account base currency is not USD, we will deduct the equivalent amount in USD based on the current exchange rate.
3.) Renewal: Subscriptions are set to automatically renew at the end of each billing period, that is a month after the subscription dates, to maintain your access to copy trades until you cancel.
4.) Unsubscription: You can cancel any subscription at any time by clicking Unsubscribe.
5.) Resuming: Click Copy to resume the subscription to a signal.
How do I pay for copying a signal?
After you subscribe to a signal, the subscription fee will be deducted from your account and transferred to the signal provider's subscription account. If your account base currency is not USD, we will deduct the equivalent amount in USD based on the current exchange rate from Finlogix.
The subscription fee for a signal is determined by each signal provider, usually ranging from USD $30 ~ $ 500.
How long will I need to wait for the trades to execute on the platform after I copy them?
The copied trades will be executed after signal providers place orders with an average time of 500 ms ~ 1 sec; this may be impacted by network connection speeds for users worldwide.
If the trade is not successfully executed, our platform will retry every 300 ms up to 0.5 ~ 1 sec.
Is it necessary for me to open a new trading account?
You do not need to open a new trading account if you already have a valid MT4 trading account.
How do I find signals?
Start by clicking Signals on the top menu of our website. You can also use the Search Settings filter to apply your search criteria.
If I subscribe to a signal provider, can I still trade normally in my account?
Definitely, you can trade as usual in your account after subscribing to a signal provider.
Do I need to keep my MT4 platform open?
No, you don't need to keep your MT4 platform open and running.
How do I become a copy trader?
1.) Sign up for an account on ACY Securities.
2.) Have a MT4 account: A valid MT4 account is required. This account will serve as your trading account.
3.) Initial minimum deposit: The initial minimum deposit for our Standard accounts is $50. For ProZero accounts, the initial minimum deposit is $200.
4.) The minimum balance amount for copying trades each time is 500 in USD, AUD, NZD, EUR, GBP, CAD, or 50,000 in JPY.
Here are some tips to help you get started:
- Research and evaluate signal providers
- Subscribe to a signal provider
- Keep track of and evaluate the trading performance
- Determine whether to switch to another signal provider
- Manage risk by diversifying signal sources
- Regularly assess the performance of your signal provider(s)
How can I get help and support about Tradingcup?
Our team is here to guide you through any issues or problems that you may encounter. Please send an email at support@tradingcup.com and one of our frendly team members will be happy to assist.
How do I calculate the copy trading proportion?
Divide your balance by the total balance of all the signal providers that you've subscribed.
For example, if your current balance is $ 1,000 and you've subscribed to three signal providers whose balances are $10,000, $6,000 and $4,000 respectively, the proportion will be 5% (divide $1,000 by the sum of $10,000, $6,000 and $4,000).
How do I unsubscribe to a signal?
You can cancel your subscription to a signal at any time by clicking Unsubscribe. The subscription will be cancelled from the next billing date, and you won't be charged again until you resume copying the signal. No other trades will be copied after the unsubscription. All the trades copied will remain open until the signal provider closes them.
How do I stop copying a signal if I don't want to copy it at the moment?
Simply click the pause icon to stop copying a signal. You can click the play icon to resume copying at any time.
How do I resume copying a signal?
You can resume copying a signal simply by clicking the play icon to resume copying. If you resume copying before the expiry date as indicated, the subscription will resume immediately. If you resume copying after the expiry date, you will create a new subscription to the signal.
Can I have free trials on copying trades?
Yes, we provide demo copying function before copying trades goes live. You can open a demo account and perform tests on copying signals. Our policies for demo accounts are as follows.
1.) No. of demo accounts: Each person can apply for only 1 demo account.
2.) Demo copying duration and expiry: The demo copying function will expire in 6 months starting from the creation date of the demo account.
3.) Your existing demo account under ACY Securities cannot be applied for demo copying; it is only opened for demo trading. You can only use the demo account created under the Tradingcup to perform demo copying.
How do I copy trades with a demo account?
You will need an ACY Securities account before performing free trials of copying trades.
If you don't have an ACY Securities account:
Sign up for an account on ACY Securities. After you register an account, refer to the descriptions below to copy trades.
If you have an ACY Securities account:
On the homepage, choose a signal you like, click Copy on the trading information card, click Copy with Demo Account, and select a base currency. We will give your demo account an pre-set initial deposit of 100,000 in USD, AUD, NZD, EUR, GBP, CAD or JPY, depending on your base currency. Then start to enjoy your demo copying!
Is there any difference in the operational processes of copying with a demo account and a live account?
The operational processes between Copying trades with a demo account and with a live account are all the same.
However, there are different aspects between a demo account and a live account.
1.) We give demo accounts virtual money for demo copying as soon as they are created.
2.) Subscription fees for signals are not required for demo accounts, while they are required for live accounts.
3.) The trading prices and spreads displayed for demo copying are based on the ProZero account policies. Visit ACY.com for details about our account types.
Why can't I perform demo copying?
The circumstances below may result in failure of performing demo copying.
1.) You don't have an ACY Securities account.
2.) You haven't logged into the Tradingcup.
3.) Your account balance is less than 500 in USD, AUD, NZD, EUR, GBP, CAD, or 50,000 in JPY.
4.) The signal is not allowed to copy.
5.) Your demo account expires.
6.) You have copied up to the maximum of 5 signals.
7.) You are an Australian resident. Australian residents are not eligible to join the Tradingcup.