{"id":2775,"date":"2020-01-30T18:18:02","date_gmt":"2020-01-30T15:18:02","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=2775"},"modified":"2024-05-17T16:04:17","modified_gmt":"2024-05-17T13:04:17","slug":"copyfx-for-traders-how-to-make-money-on-the-platform","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2020\/01\/30\/copyfx-for-traders-how-to-make-money-on-the-platform\/","title":{"rendered":"CopyFX for Traders: How to Make Money on the Platform?"},"content":{"rendered":"\n

In this article, we will discuss, how a trader can make extra money on a popular copy-trading platform CopyFX<\/a>. The CopyFX<\/a> platform allows demonstrating your expertise and attracting subscribers who copy your trades.<\/p>\n\n\n\n

<\/span>How to become a CopyFX trader?<\/span><\/h2>\n\n\n\n

If you are a successful trader who want to increase their income by attracting investors, the CopyFX platform will provide you such an opportunity. Investors will evaluate the statistics of your trading and the subscription conditions in the rating and decide if they want to copy your trades.<\/p>\n\n\n\n

Having become a CopyFX trader, you will be able to keep trading by your chosen strategy, receiving extra fee or percent of the trades that your investors copy. Thanks to the built-in automatic cross-copying system, the trades will be copied correctly even if the trader and the investor have different account types.<\/p>\n\n\n\n

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If this is your first time hearing about the CopyFX platform and you would like to get more detailed information about what this platform is, then I recommend that you first read this post<\/a>.<\/p>\n\n\n\n

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To start working, the trader needs to open an account (or accounts) in the CopyFX system and trade, showing good results. The account is opened via your Personal Member’s Area: on the page for opening an account you choose a CopyFX account, For trading, the following account types are suitable (MT4 platform<\/a>): ProCent, Pro, ECN and Prime. After the account is opened, it must be deposited for no less than $100 (or the same sum in another currency), and the subscription conditions must be set up.<\/p>\n\n\n\n

\"Opening<\/a>
Opening an account - CopyFX<\/figcaption><\/figure>\n\n\n\n
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Top trading conditions with a Prime account<\/p>\n

Low commissions, spreads starting from 0 pips, leverage up to 1:300, and execution in as fast as 0.1 sec<\/p>\n <\/div>\n

\n \"prime-account\"\n <\/div>\n Open Prime Account<\/a>\n <\/div>\n
\n \"prime-account\"\n <\/div>\n <\/div>\n\n\n\n

<\/span>How to set up subscription conditions?<\/span><\/h2>\n\n\n\n

After the CopyFX trading account<\/a> is opened and deposited, setting up subscription conditions follows:<\/p>\n\n\n\n

<\/span>Commission fee scheme<\/span><\/h3>\n\n\n\n

The trader can be rewarded in three ways:<\/p>\n\n\n\n