How is Copytrade ICMarkets understood and why is it highly appreciated in the market? Learn Forex Trading review article will help you learn in detail. Don’t skip the content below, you will have useful information to invest.
Why should you use Copytrade ICMarkets?
Previously, ICMarkets Copytrade was different from other Forex exchanges. They do not provide a separate Copy Trade platform like Exness Social Trading, Fullerton has CopyPip, etc. But now, they have created a new, separate platform and improved the experience for investors.
Copytrade ICMarkets currently has very unique and advanced features. This is the safest 24/7 trading environment. ICMarkets’ ability to track, copy, and share transactions is increasingly receiving attention from investors. Below we will learn more about this trading community in more detail.
For newbies when using Copy trading ICMarkets
A Copy Trading platform has just been launched on the market by ICMarkets in March 2023. Newbies will receive many benefits such as:
You don’t need too much knowledge to still participate in trading
New market participants do not need too much knowledge to easily participate in transactions. Because people just need to copy the trades of experienced investors. Just evaluate how they trade and you can pay a fee to follow them in trading.
Trade flexibly with Copy trade on ICMarkets
Flexibility is evident in choosing copy trades from a wide variety of investors. Or you can also trade on your own based on personal knowledge here. All decisions are made and decided by investors without any coercion.
Copytrade ICMarkets helps Learn trading experience
Learn a lot of knowledge and skills. The ICMarkets Social platform allows users to selectively copy investment portfolios. Learning from investment experts helps you learn more knowledge and skills.
With professional investors
At Copytrade ICMarkets, professional investors can easily choose strategies. Money and risk management activities also become easier. Because accounts and tools have a lot of support from this platform itself.
See more: Instruct with an ICMarkets open account swiftly
What are the outstanding features of ICMarkets copy trading?
- Fast trading speed: The new platform will allow investors to trade faster than cTrader before. Transactions will reduce waiting times and increase transaction efficiency. This helps ICMarkets reach other trading exchanges in the market.
- More features: The IC Social platform offers many cool features and new tools for traders. To help users participate in trading effectively like Autochartist. A tool for traders to analyze the market and find potential copy trading addresses.
- Multi-language support: The new CopyTrade ICMarkets supports multi-languages, making it usable for traders around the world. There are no restrictions when you copy trade on ICMarkets.
- High safety: The ICMarkets Trading platform uses SSL security technology combined with many firewalls. That ensures the safety of your account and all personal information when trading.
- Increased liquidity: The ICMarkets Trading platform features integration with new liquidity providers. Opens up greater trading and exchange possibilities for investors.
Is ICMarkets Copy Trading safe?
Copy trade ICMarkets is currently the top 1 trading platform in the market in terms of number of users. For safety reasons, this trading exchange ensures very well. You can see clearly through the reasons below:
Copytrade ICMarkets is highly secure
ICMarkets Social will ensure transparency for traders compared to the old copy platform. Because the new system will provide history and publicize the results of top traders. Besides, licenses issued by reputable organizations around the world are enough to make investors feel secure.
Investors have control
If you choose traditional trust investing, you will hand over your equity or account to another person or intermediary. At that time, the right to control and make decisions is lost, so the risks are high. But Social Trading IC Markets operates in the way that you are the owner of capital and have full control over all activities of the leader.
You will be the one who knows what the leader is doing with your money. Because IC Markets gives you full rights to view history and intervene in each order. Or turn off the copy trading feature when you want. The funds in the trader’s account remain under control and do not go to other people’s accounts.
Copytrade professional brokers ICMarkets
There are many professional brokers present on this billion-user exchange. Therefore, investors can easily find the necessary personal services to be able to trade successfully.
How to choose a reputable broker
After evaluating the differentiating factors of ICMarkets compared to the market in general. You want to choose a reputable and professional broker. Please rely on the factors below to find a suitable trading strategy:
- Broker’s strategic age: The total trading time of the account you want to copy is a very important factor. A good strategy will be 1 year old so beginners can trust it.
- The broker’s profitability chart is also an important factor to evaluate. Usually, profit charts show ROI by month. The best rate is around 5% to 15% monthly and has the best retention.
- The account decline rate must be no more than 20%, which is ideal for trust. Drawdown must be as small as possible, it is safe and cannot burn your account.
Instructions for cTrader to copy ICMarkets
To start using cTrader copy ICMarkets, you need to have a trading account at ICMarkets first. Then copy the transaction according to the 5 steps below for investors’ reference.
Step 1: Download the application to your device and install
Currently, IC Social supports investors to download on smartphones (iOS or Android). Because there is no version on the computer, you will follow these steps for the Android wallet: Investor go to PlayStore-> Search for IC Social -> Click Install and wait -> After completion Select Open to start.
Step 2: Register for the IC Social account
The IC Social account is not an IC Markets account but is completely independent. So even if you have an IC Markets account, investors still have to register for IC Social.
The steps are as follows: Launch the application -> Select First time here. Create your profile now to create an account -> Personal information that will have to be entered includes:
- Email: (may be the same or different from IC Markets account)
- Password and confirm the entered password
- First Name and Last Name
- Phone number
- Country of residence
Finally, choose to register and the investor will receive a notification of success. Next, open your Email inbox, and select Clicking here to verify.
Step 3: Log in to ISocial and link to IC Markets
After receiving the successful notification, the investor launches IC Social -> Next select Login to log in -> Enter the previously registered Email and Password then select -> Select Login. Next, select Account -> Scroll down to the bottom -> Link an Account to start linking the account.
To successfully link accounts, it is important to go through the MT4 platform and select the following information:
- Server: Select MT4 server
- Account: MT4 account
- Password
After successfully linking IC Social, the system will ask investors to do a survey. This is the part you should do and you choose Complete Assessment and fill in the correct information as required.
Step 4: Start copying
After linking the account, the investor wants to copy the trade. Select the order provider -> select Copy to get information about fees and transaction size. Investors will need to choose for themselves a type of Copytrade ICMarkets after researching.
In the final step, the trader verifies his identity to copy the trade. The way to do this is to select “I agree to use…” and select Continue -> Fill in personal residence information in the Address section. Next, click Sign to download the signature. Traders sign directly in the Draw your signature box. Or select Upload -> select Adopt and Sign.
See more: ICMarkets cTrader: The trading platform’s best efficiency
Conclude
In the above article, Learn Forex Trading has provided the most detailed information about Copytrade ICMarkets. The latest Copy Trading platform provided by ICMarkets on the market. Hopefully, this article has useful information for investors in the market. Choose ICMarkets and wish you success when participating in Copy Trading!
Some frequently asked questions
You can use IC Social but you will encounter some problems when participating. Below is a collection of questions and answers to help you answer your questions about this platform.
What are the conditions for participating in Copytrade ICMarkets?
The investor already has an IC Markets real trading account (live account). Once approved, you can connect your MetaTrader 4 account and IC Social to copy trades.
Why is the account link broken?
There are many reasons why your account cannot be linked such as entering the wrong server, account number, or password. Other reasons include your MetaTrader 4 account being corrupted or connecting your account to another platform.
Proportion advice is How much is the Drawdown?
According to the advice of experts, it is usually recommended to keep no more than 20% of capital. The smaller the Drawdown strategy, the better it is for new investors.
