Trade Nation, a leading, multi-regulated CFD and spread betting broker based in London, recently announced the launch of TradeCopier, its copy trading app.
Built with beginners in mind, TradeCopier gives less experienced traders a way to tap into the strategies of seasoned traders, helping boost both their skills and confidence. Learning by doing is one of the most effective ways to master a new skill, and TradeCopier gives you the ability to do just that.
There is a Leaderboard within the platform, showcasing top performers with some insights on their drawdown and overall returns. You can choose to simply follow traders or copy their trades, all while managing risk based on your personal preferences and criteria. This tool allows you to mirror the trading activity (and subsequent results) of profitable traders without needing the experience, time, or capital.
TradeCopier also gives those more experienced traders an avenue to earn commissions (via their copy fees). The platform’s chat functionality lets them demonstrate expertise and amass followers, or prospective copiers. Access to this broad community is great for those looking to diversify across markets or sectors, particularly in those unfamiliar to them.
What sets TradeCopier apart is its built-in risk management tools. You have full control over your exposure to a specific strategy or ‘signal provider’. Through risk management settings, you can choose how your funds are used to copy trades based on equity, balance, or lot size. Moreover, you can step in and regain control over individual trades if needed, ensuring that you maintain ultimate control over your investments, even when copy trading.
Getting started with TradeCopier is simple – you can download the app for iOS or Android (or stick to desktop), and connect your Trade Nation MT4 account, and you’re all set.
TradeCopier will be available in three jurisdictions initially – Trade Nation’s Seychelles, Bahamas, and Australian entities – noting that it won’t be available to clients in the UK.
“Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.”