Unique algorithms allow copying trading operations from a trader's account to an investor's account in split seconds.
This allows you to achieve complete synchronization of profits on the trader's account and profits on the investor's account.
Forex copytrade service is a service of the Esperio broker, as well as one of the most popular ways to make money in the world markets. Beginners can participate in Forex or CFD trading without having experience in making financial transactions. Advanced traders can count on additional profit in the form of a commission for their services. Let's take a closer look at what the forex copytrade service is and how to use it.
What is forex copytrade service?
This service works on the basis of an algorithm for copying forex trades from a trader's account to an investor's account, taking into account the proportions of funds.
For an investor, a service is, first of all, a passive return on investment. The skills of professional market participants allow an investor to earn money even without the relevant knowledge. On the other hand, the profitability of an investor's account depends entirely on the trader that he, the investor, chooses on his own.
For a trader, forex trade copy service allows trading in the usual mode and receiving additional money for this. In fact, the trader conducts standard activities, but due to the fact that his actions are copied by a less experienced investor, the trader charges him a fee in the form of a commission. The broker in this case acts as a guarantor of mutual settlements between the participants in the transaction.
The internal mechanisms of the service are:
Absolute financial transparency
Full control over your own account
No restrictions on investment period
Fairness of mutual settlements between a trader and an investor
Forex copy trades and their benefits
The procedure is carried out on the server of the company providing the copy trade service. All processes take milliseconds. For this reason, the price of a transaction with an asset for an investor is almost always identical to the price at which the trader made this operation. High speed is of great importance in the financial market, when prices change every second.
An investor who has opened an account with Esperio can connect to only one professional from the rating. The forex copy trade service works in proportion to the ratio of funds in the accounts of both parties. Thus, absolutely transparent interaction between the investor and the forex copy trader is achieved. This feature allows you to soberly assess possible risks and evaluate income in the near future.
At the first stage, it can be difficult for an investor to trust a professional (even with an impeccable trading history). However, the forex trade copy system provides the investor with full access to all trades through the MetaTrader trading platform application. Moreover, the investor can independently manage all transactions, for example, limit risk or fix profits. Another issue is that when intervening in their activities, a trader can no longer promise the declared profitability.
A fair settlement between the investor and the trader is provided by a special system. The Esperio broker has a separate buffer account for accumulating service commission. A trader cannot get more than he is supposed to. It is also impossible to withdraw the investor's commission from the account, as it is reserved until the mutual settlement occurs.
You need to register on the Esperio website as an investor.
Next, select a trader from the rating of traders in the section
In the next step, the investor's account is attached to the trader's account.
The investor receives income proportional to the activity of the trader.
If you want to participate in the best forex copy trade service as a trader, then you need to follow these steps:
Register on the site as a trader.
Confirm your own experience with a successful history of transactions.
Set a fee for your services.
Deposit at least $100 to trade.
Allow the investor to copy their actions and make a profit.
How do investors earn in Esperio Forex Copy Trade?
When an investor connects his account to a trader's account, the copy ratio of trades is set. Based on the coefficient, as well as taking into account the proportion of the investor's and the trader's funds, the volume of the transaction is calculated.
An example of the operation of the service for copying trades forex
An Esperio investor chose a trader with a stated commission of 10% from the rating of the copy trade forex service. Then he opened an investment account for $10,000 and connected it to the trader's trading account, setting a 100% copy ratio.
The copy trader forex opens a position to buy 0.5 lots on the euro-dollar currency pair at a price of 1.12. At the same time, the trader's account contains $5,000 of his own funds.
Next, the trader closes the BUY position at a price of 1.13. He locks in a profit of $500. At the same time, the investor's profit is $1,000, taking into account the initial amount on his account.
The trader's commission is $100, which is 10% of the profit earned by the investor. This amount is reserved on a special, buffer account until the moment of mutual settlements of copy forex trades service.
The difference between copy trading and an advisor for copying trades
Forex advisor or robot is also an automated trading system. However, behind it is not a live person, but a program to copy forex traders. It has a built-in trading strategy, generates trading signals for the investor and can independently open and close trades. However, an advisor for best copy trade service needs to be constantly optimized: unlike the actions of a real copy trader forex, its algorithms become outdated over time, as the market is constantly changing.
A Trader Account is a trading account with Esperio registered with Esperio Copy Trading as a Trader Account. The trader does not carry out trust management of funds. He acts as a provider of trading operations copied to the Investor's account connected to the Trader as part of the service.
An Investor Account is a trading account with Esperio registered in the Esperio Copy Trading service as an Investor Account. Any client of the company can become an investor by registering in the Esperio Copy Trading service in order to copy the trading operations of the corresponding Trader to his account.
Check out the rating of Esperio's best Traders. The top positions are occupied by the most active Traders. They have the highest chance of making profitable transactions. With the help of the filter, it is possible to find out who are the best Traders in the history of transactions by selecting the "All time" period. Study the profile of the Trader and the parameters of his trading.
Yes, the Investor can manage copied transactions. A transaction opened by a Trader goes into control of an Investor if he has changed any of its parameters or performed a partial closure. From now on, when this transaction is closed on the Trader account, the corresponding action on the Investor account will not be performed.
Periodic settlement takes place on the last Sunday of the month, starting at 00:00 and ending at 23:59 server time. If the Investor is disconnected from the Trader account, mutual settlement will occur only after all copied positions on the Investor's account are closed. The Trader's reward is credited taking into account the commission of the Company, which is 40%.
In order to connect the Investor account to the Trader account, follow the step-by-step instructions:
In your personal account, select the "Investments" section and find the "Copy trading" section in the drop-down list.
Opposite the account that you plan to connect to the project, click "Connect Trader".
Enter the trader's nickname or contract number from the Esperio Copy Trading rating.
Familiarize yourself with the Trader's profile, the size of the commission. Set the percentage of transactions to be copied. Select an account to connect to or click "Create a new account". Tick the box if you want to copy transactions opened on the Trader's account at the time of connection. Click on the "Connect" button.
After topping up your account, you will be able to copy the transactions of the selected Trader and earn with him.
You can disconnect from a Trader in the Esperio Copy Trading service at any time. To do this, select the “Investments” section in your personal account and find the “Copy trading” section in the drop-down list. Click "Investor" next to the connected account. The "Account Statistics" section will open. In the lower right corner there is a button "Disable Trader". Confirm the action by clicking OK. If at this moment there are transactions opened by the Trader on your account, after the disconnection the Trader will not be able to close them. The management of the transaction will remain at your discretion.
At the first stage, you need to register a personal account and open a trading account. Next, in your personal account, select the "Investments" section and find the "Copy trading" section in the drop-down list. Click the "Become a Trader" button. Fund your account to enter Esperio Copy Trading as a trader. The minimum amount is $100. After that, you need to register a trading account as a Trader account by clicking the appropriate button. You will also need to fill out a Trader profile and account profile.
The rating provides for a system of evaluation in points, which are assigned to the Trader on a specific date based on the results of reports for the period. Accordingly, the positions of top traders can change every day. The main number of points is awarded to a trader taking into account the level of trading activity and data on the profitability of transactions.
Any number of Investors can be connected to one Trader. The trader independently regulates the number of connections. The number of copying Investors is a kind of criterion for the Trader's popularity among the service participants. Many Traders have regular Investors following them.
The minimum size of a trading account in the Esperio Copy Trading service is provided only for Traders. The minimum deposit amount is $100. The size of the Investor account remains at his discretion. For the Investor, the limitations on the account are the ability to connect only to one Trader to copy transactions.
When connecting to a Trader, the Investor account type must match the Trader account type. You can register in Esperio Copy Trading with any account type on Metatrader 4 (Esperio Standard MT4, Esperio Cent MT4).
The maximum leverage on a Trader account is 1:100 (when registering a trading account as a Trader's account, the leverage changes automatically).
When registering in the service, the Trader specifies the size of the commission: from 1% to 50%. In the future, the Trader does not have the right to increase the commission fee if there is at least one connected Investor account.
A trader in the Esperio Copy Trading service makes money on profitable trades. In addition, from each profitable transaction copied from the Trader account to the Investor account, a reward is accrued, as pre-set by the Trader. The amount of reward for a Trader within the Esperio Copy Trading service ranges from 1% to 50%.
A Buffer account is an account for accumulating the Trader's commission. This account holds a commission for each closed profitable transaction until the moment of mutual settlement between the Trader and the Investor.
The Trader's reward is a part of the total profit from copied transactions on the Investor account. The Trader's reward is debited from the buffer account and credited to his trading account with the comment "cmsn from". The remaining funds of the buffer account are returned to the Investor trading account with the comment "cmsn return".
Using the Copy Trading service for the Investor is free. Esperio charges commission only from the Trader's account. The fee for using the Esperio Copy Trading service is 40%. The Investor pays a commission only to the Trader, if the overall result of the copied trading operations is profitable.
If you want to copy transactions from two or more traders at the same time, then you need to follow these steps:
Open a new trading account. Or you can use an already opened trading account that has not previously been involved in the Esperio Copy Trading service. To do this, in the left side menu, select the section "Investments" - "Copy trading" and in the drop-down list select the account number that is not participating in the service.
Top up your new trading account. You can do this by means of an external transfer through existing methods of deposit in the company, as well as with an instant transfer between your accounts.
Link your new account to a new Trader account to copy transactions.
In the Esperio Copy Trading service, the volume of the copied transaction on the Investor account is equal to the percentage of the volume of the corresponding transaction on the Trader account, multiplied by the ratio of funds on the accounts of both parties. For example, if the Investor has set the coefficient of the copied volume of 50%, and the Trader opens a transaction with a volume of 5 lots on his account, then if the amount of funds is equal, a transaction with a volume of 2.5 lots is copied to the Investor account. The coefficient of copying trading transactions from the Trader account to the Investor account is set by the Investor at the time of connection to the Trader account. The minimum copy percentage is 100%, the maximum is 1000%. The higher the percentage of copying, the greater the volume of replicated transactions opened on the Investor account, and accordingly, the risk increases.
Yes they can. Trader and Investor can see the size of each other's deposits in messages containing information on copied transactions. After the Trader has opened a transaction and it has been copied to the Investor account, the Investor receives a message to the MetaTrader 4 internal mailbox. The Trader account indicators (profit, loss, yield volatility, drawdown) can be found by the Investor in the rating of traders.
Esperio does not reimburse the Investor for losses in case of negative results of the Trader's trading. It is recommended to use only your own funds (not credit) in the service, which you are ready to risk. The company does not guarantee profit. Positive trading results in the past do not guarantee positive trading results in the future.
The Company provides the Investor with full access to the copied transactions, the ability to limit risk or take profits, as well as disconnect from the Trader at any time.
The Esperio Copy Trading service provides copy settings that will help limit the risks. There is also a monitoring system for traders (traders rating), where you can see the entire history of their trading, profitability graphs and risk assessment. Risk is a normalized measure of fluctuations in daily returns over the last 14 trading days. If this indicator is high (5), then the Trader allows high fluctuations in profitability, that is, he uses aggressive trading strategies. A low indicator (1) indicates that the Trader's strategy is conservative.
The interests of the Investor and the Trader are protected by a buffer account. The Investor cannot withdraw funds intended to reward the Trader. In turn, the Trader cannot receive a commission higher than it should be based on the results of transactions.
At the end of the settlement period, mutual settlements between the Trader and the Investor are made based on the total for all closed replicated orders as of the settlement date.
If a profit is generated on the Investor's account as a result of copying Trader's transactions, then a percentage of the total profit on the Investor's account, specified in the Trader's offer, minus the company's commission, will be transferred to the Trader account as a reward. If the amount of this reward is less than the amount of commissions accumulated on the buffer account for each individual profitable transaction, then the difference is returned to the Investor account.
If there is a loss on the Investor account as a result of copying the Trader's transactions, then the commission is not paid to the Trader, and the amount of commissions accumulated on the buffer account for each individual profitable deal is returned to the Investor account.
If you want to give yourself a challenge or are ready to use the Esperio Copy Trading service in different roles, you will need a separate account for each role, with which you can act either as a Trader or as an Investor. There are no restrictions on opening Trader and Investor accounts. You can open as many Trader or Investor accounts within the Esperio Copy Trading service as you wish.
The maximum leverage on the Trader's account is 1:100. Trading instruments available for performing trading operations on the Trader’s account are determined by the settings of the Company’s trading servers. In particular, currency pairs, metals, indexes, commodities and energies are available. On the Trader's account, positions cannot be closed with counter orders.