Duplicate trading is a trading strategy in which you copy the positions that other traders manage and open. It should not be confused with mirror trading, which entails copying the copied trader’s every move.

Meanwhile, copy trading allows traders to duplicate the methods of an investor they desire to mimic. Traders may make money with this strategy by employing the following capabilities on modern copy trading platforms:

 

displaying investor trading statistics that may be copied

 

Allowing many traders to divide equity among themselves using various trading instruments and techniques

 

Allowing traders to cease replicating trades when particular risk tolerance is met

 

Choosing a maximum risk threshold for a certain investment

 

Is it legal to copy trade app in India? Is it secure?

 

You may have already decided on the greatest copy trading app in india. I’m sure you’re wondering whether copy trade is permitted in India. In India, copy trade is allowed.

 

However, using registered brokers for copy trading is preferable since it ensures the protection of your funds. Furthermore, trading on a licensed platform will provide you with a pleasant trading experience.

How to imitate a trade

 

There are various methods for copying another investor’s trades. A trader might, for example, clone all trades, including trade entry, take-profit, and stop-loss orders. They might also get trade alerts and manually duplicate these transactions. This is accomplished by using a spread betting or CFD trading account, two derivative products that enable you to speculate on the price swings of an underlying financial asset without really owning it.

 

Traders may diversify their portfolios through copy trading. This indicates that a trader is making money in the markets in many ways. Traders may utilise several trading techniques that benefit each particular market instead of placing all of their cash into one position, asset, or strategy. You should try copying a few different traders while copy trading.

 

Finding copy traders that trade a variety of financial assets is one method to further diversify your portfolio. One may, for example, mimic a forex or commodities trader. They could also think about following traders who employ alternative time periods. Within the stock market, where this technique is most frequent, one may be a short-term intraday trader while another would be a long-term position trader. Traders with high volatility returns are also examined, as opposed to those with low volatility returns. Finally, more active traders may be contrasted to less active traders.

 

The copy trade business model may be profitable. The majority of copy trading enterprises operate on a subscription basis, with clients paying a monthly fee to copy traders. Revenue sharing is an alternate approach that may be implemented. A specific proportion of profitable deals is paid out here.

 

Forex copy trading

 

Copy trading is likely the most popular market for this method in forex trading. This might be because the FX market is the world’s biggest and most liquid, making it the most popular place to trade. Various brokers provide FX copy trading software, which allows traders to mimic the activities of others in the hopes of profiting. With widely used instruments like bitcoin and ripple, crypto copy trading is also quite popular inside the cryptocurrency industry. These markets, however, may be very unpredictable and dangerous.

 

 

 

 

 

Comparison of Indian Copy Trading Platforms

 

The comparative chart below highlights the most important aspects of each platform.

 

Subscription Price Markets Broker Minimum Deposit

 

ForexRobo (CopyFx)

 

Depending on the account type, $10 to $100

 

Forex, stocks, ETFs, cryptocurrency, commodities, and CFDs are all available for free.

 

 

TradeAvatar (AvaSocial)

 

Stocks, cryptocurrencies, commodities, CFDs, bonds, and ETFs are all available for free.

 

 

FXTM (FXTM Invest)

 

Free $100 in Forex, CFDs, Stocks, and Commodities

 

 

International Capital Markets (ZuluTrade)

 

Free $200 in Forex, CFDs, commodities, cryptocurrency, stocks, and bonds

 

 

InstaForex is an online trading platform (Forex Copy)

 

The membership price is $10.

 

Forex, stocks, and cryptocurrency

 

 

However, we solely discuss the editor’s decision.

 

AvaTrade (AvaSocial) is the most heavily regulated copy trading platform available.

 

 

 

Open an account with AvaTrade.

 

In the area of social trading and copy trading, avatrade is a household brand. The top seven worldwide authorities, including the Central Bank of Ireland, regulate it.

 

 

 

Copy trading with AvaTrade

 

Usability

 

MQL5, DupliTrade, and ZuluTrade are three additional copy trading platforms that AvaTrade works with. It allows consumers access to thousands of investors and signal suppliers in this manner.

 

You may invest in indices, cryptocurrencies, equities, bonds, Forex, CFDs, and 1,250 more markets with a $100 minimum investment.

 

Regulation and Safety

 

In terms of regulation and safety, AvaTrade is the finest copy trading software in India, since it has licences from several of the world’s major authorities, including:

 

  • Financial Commission of the British Virgin Islands

 

  • Financial Services Regulatory Authority (FRSA)

 

  • FSA of Japan

 

  • Financial Sector Conduct Authority of South Africa (FSCA)

 

  • ASIC

 

  • Ireland’s Central Bank

 

Features of Copy Trading

 

You may examine the rating of any copy trading signal source on AvaTrade after you’ve registered.

 

The broker allows you to see a user’s trading history as well as their risk management strategy.

 

You may then subscribe to the signals of your chosen trader.

 

You may also diversify your trades using AvaTrade by subscribing to numerous signals. You may specify the risk criteria that will halt duplicate trading based on your risk tolerance.

 

 

 

Summary

 

Because copy trading is legal in India, traders may utilise several brokers to imitate the trades of successful and experienced investors. Instead of spending years studying trading methods and ideas, a novice trader can try to replicate the transactions of a more experienced trader.

 

However, while looking for the finest copy trading platform in India, keep in mind the broker’s trustworthiness, copy trading capabilities, and convenience of use. Based on how effective, saleable, dependable, and handy they are for copy traders, the guide above includes six of the finest platforms for copy trading in India.

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