CopyPip is Fullerton Markets' copy trading platform where strategy providers and followers can enjoy mutual benefits. The former earn performance fees on top of their trading profit, while the latter earn on autopilot by copying winning trades.
What makes CopyPip unique is its robust support system.
Both strategy providers and followers receive assistance in developing their winning strategies through informative trading videos, free online trading classes, as well as weekly LIVE technical analysis sessions and copy trading tips.
This makes it easier for beginner traders to grasp the basics of Forex and identify the best signal providers to follow, and for signal providers to increase their following, which translates to more income.
There are two roles on CopyPip:
Strategy Providers (SP) are experienced and professional Forex traders who provide trading signals that strategy followers copy.
Strategy Followers (SF) are investors who copy trades from one or more strategy providers.
In this article, we're going to focus on strategy followers and how they can take advantage of CopyPip.
| AGE | AVG PER MONTH |
| Refers to the age of a trading strategy, how it has been running. | Refers to the returns on average per month that is calculated using value-added monthly index growth divided by the age of the strategy provider. |
| DD RECOVERY PERIOD | GROWTH |
| Is the time taken for the strategy to recover from its drawdown. | Also known as Equity Growth is the compounded growth of a trading strategy since inception. |
| AMU Shows the average leverage (percentage of margin) used for copying every strategy, helping you to determine potential risk. Its level of value must be kept from 7% to 10%. If it exceeds 15%, then the risk involved is considered high. |
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| INVERSED TRADING | MMC |
| Allows you to reverse all trades taken by a strategy provider you are following, especially if you think they're not profitable. | Shows the portfolio share of every strategy that is recommended to have a value at a level of up 100%. |
| MAX DRAWDOWN (MMD) Refers to a strategy's maximum loss from a peak to a trough, before a new peak is reached. MDD = (trough value - peak value)/peak value |
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| RECOMMENDED BALANCE | TOTAL PIPS |
| Refers to the recommended account funds you must have to maintain a portfolio of selected strategies. | The number of pips a strategy has earned since its inception. |
| PROFITABILITY Refers to the number of winning trades divided by the total trades taken as a percentage. Profitability = (Number of winning trades/total trades taken) x 100% |
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| VALUE-ADDED MONTHLY INDEX (VAMI) | WORST DEVIATION |
| Measures the performance of an investment based on a hypothetical investment of $1,000 over a period of time while disregarding deposits and withdrawals. | Allows you to follow the trade execution of the provider at a better or worse price based on the number of pips you input into the parameter. |
| RECOMMENDED MINIMUM This refers to the recommended capital a copy trading account must have before following an SP. It's calculated using an SP's current balance and floating profit/loss. |
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CopyPip has more than 400 signal providers who are either a trader, an Introducing Broker, or both. Any existing Forex trader with Fullerton Markets can be a strategy provider, provided they have actively traded for a minimum of one month and opened and closed 50 trades. From their Fullerton Suite, they can open a strategy provider account.
SPs are chosen by SFs based on several factors such as Equity Growth and Maximum Drawdown.
Yes. You can open multiple accounts on CopyPip, all of which are accessible from your dashboard.
Yes. There's no limit to the number of strategies you can follow provided that your account meets the requirements such as the Recommended minimum and the Recommended balance.
Check out more FAQs on CopyPip Strategy Follower.
In addition, CopyPip lets you customise your account settings, including the following parameters:
Once customisation is complete, click Save to add the trading strategy to your portfolio.
From your portfolio, click on Statements to view your trading history. You can filter it according to different statistics such as Growth and Profit/Loss.
Click on Trading Terminal to monitor trades you currently open and your account status in real time. This is also where you can open or close trades and log in to your MT4 account.
If you want to modify, stop, pause, run or delete a strategy, click on Portfolio. Here, you will see a list of strategy providers that you follow, along with details of their MMC and AMU.
If you have suggestions or questions, navigate to the Support section of your account.
Whether you're a signal provider or follower, CopyPip provides you with the opportunity to profit from the Forex market.
As an SF who might be fully dependent on an SP’s strategies, you should learn how to navigate and customise your portfolio for maximum returns.
Ready to build and grow your wealth in the world's largest financial market via copy trading? No better place to start than right here with us! Begin copy trading with Fullerton Markets today by opening an account:
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