Copy trading ICMarkets is a passive trading service that is considered by investors to be one of the best Copy trading services today. Visit the Learn Forex Trading article to learn more details about ICMarkets copy trade.
What is an ICMarkets broker?
ICMarkets was founded in 2007 by a group of financial experts in Sydney. However, it was not until 2009 that ICMarkets was granted a license to operate legally. From the Australian Financial Services Authority and the Australian Securities and Investments Commission (ASIC).
ICMarkets offers diverse trading platforms such as MT4/MT5 ICMarkets and cTrader from Software Systems.
After many years of operation and development, ICMarkets has become the largest CFD Forex trading exchange in the world. Bringing the best experiences to traders and constantly innovating technology.
Up to now, ICMarket has more than 180,000 trading customers from all over the world. Trading volume reached more than 1.11 trillion USD.
What is ICMarkets copy trade?
Unlike Forex exchanges that provide a separate Copy Trade platform such as Exness with Exness Social Trading, Fullerton with CopyPip, etc. ICMets Copy trade service is integrated into the cTrader platform that this exchange provides.
Or to understand it more simply, Copy trading ICMarkets is also Copy Trade on the cTrader ICMarkets platform.
In the ICMarkets copy trade service, there will be two main subjects participating in this transaction:
- Investors: they are those who have just started participating in Forex trading on ICMarkets. They do not have much experience trading through the cTrader ICMarkets application. They can search and choose strategists that help them gain experience and copy out their trading strategies.
- Strategy provider: the person who will offer their trading strategies. To allow others to copy trades to make money. When investors copy the strategy provider’s strategy. And when they make profits, they will have to pay the strategists a certain commission.
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Copy Trade concept on ICMarkets
According to this mechanism, copying traders will incur losses if these strategists lose. On the contrary, if the strategy provider is profitable, the traders who copy it will also be profitable.
See more: Opening and verifying an ICMarkets account
What does ICMarkets copy trade have?
ICMarkets copy trade delivers superior results through copying trading strategies. Best performed through cTrader ICMarkets.
Specifically, cTrader ICMarkets brings the following outstanding results:
- Fast trading speed: The cTrader platform allows investors to trade quickly and reliably. This helps reduce waiting time and increase transaction efficiency.
- Multifunctional: The cTrader platform also offers many nice features and tools. To help users participate in transactions effectively. Typically the Autochartist tool helps investors easily analyze the market. And look for potential opportunities.
- Multi-language support: ICMarkets copy trade platform or in other words cTrader supports multi-language. Helps users everywhere around the world to access and use it conveniently.
- High safety: The cTrader ICMarkets platform uses SSL security technology. It ensures the safety of investor accounts and transaction information.
- Integrate additional liquidity providers: The cTrader ICMarkets platform features integration with the world’s leading liquidity providers. Helps provide users with better value and trading opportunities.
Besides, the Copy Trade service on ICMarkets uses the cTrader platform. There are also huge benefits for investors and strategic suppliers as follows:
For investors
- Choose your strategy more easily: Explore a wide range of the best strategies. Choose the right investor strategy with just one click.
- Deposits and Withdrawals: Add funds or withdraw funds from your copied trading account. This platform helps you automatically calculate balances and adjust open positions at the moment.
- Full Control: Greater control over copied accounts. Copying can be started and stopped at any time.
- Risk management tool: Isolated copy trading account it is to separate your investments. Full control to set instant balance stop or stop copying.
For strategic suppliers
- Earn More Income: Show investors your trading strategies. Then copy for a commission fee.
- Flexible fee structure: Customized by volume fee and performance fee along with management fee.
- Strategic Promotion Tools: Get more investors using strategic promotion tools.
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For strategic suppliers
Instructions for ICMarkets copy trade on the cTrader platform
First, you need an ICMarkets account to log into this platform. If you don’t have one yet, register for an ICMarkets account. And if you do not have a cTrader ICMarkets trading account, you can refer to the information below.
Steps to join ICMarkets copy trade
Here are the steps for ICMarkets copy trade :
Step 1: Log in to the platform
Log in to the cTrader ICMarkets platform that has been downloaded to your computer. Or use directly on the ICMarkets website. Both versions have a similar interface and will appear as follows when you complete login.
Step 2: Become a strategic supplier
After selecting Copy on the left Menu bar, the screen will now display two options: Strategy Providers and Investors.
If you are a professional trader and you want to share your strategies. To earn more profit, click “Become a strategic supplier”.
If you are a new investor and you are looking to copy trades then select “Start Copying” in the “Investors” category.
Now you can copy the transaction. The interface is divided into 2 parts, on the left is your account. And on the right side are the credits provided by strategists. Your job now is to find and choose a profitable strategic supplier to help you and “Start copying”.
So with just a few simple steps, investors can successfully participate in copy trading. However, the most important issue here is that you must choose a reputable strategic supplier. Because it is the reputable strategy provider that is likely to bring you the most profit.
See more: How to register ICMarkets broker account
Advantages and disadvantages of ICMarkets copy trade
ICMarkets copy trade, like other exchanges, has its advantages and disadvantages. Below are some pros and cons of this exchange.
Advantage
- With cTrader ICMarkets’ advanced platform, investors will receive more transparent copy trading services, accessibility, flexibility, and control.
- ICMarkets copy trade exchange interface is friendly and easy to use for everyone. You can stop copying the trading strategy at any time you want.
- Order execution is extremely fast and there is virtually no delay between the provider’s and the copied accounts.
Defect
Perhaps the biggest drawback of this exchange is that it is impossible to see whether the strategy uses Stop Loss or not. So remember to set a stop loss when copying any strategy.
In addition, to limit risks, use an ICMarkets demo account to practice trading.
Epilogue
The article above by Learn Forex Trading shared about what ICMarkets copy trade is. What are copy trade, instructions on how to copy trade ICMarkets on the trader platform, and advantages and disadvantages? Hopefully, this information will help investors have a more general view of this platform. Thank you traders for following and paying attention. Wishing you copy profitable transactions and succeed in Forex investing.
