What is Copyop
What is Copyop?
Founded in 2012, Copyop is one-of-a-kind and the first social network for binary options trading.
They have millions of loyal users around the world who have benefitted from their innovative copy trading platform.
Copyop trading platform is regulated by CySEC (Cyprus Securities Exchange Commission) under license no. 187/12 and is also registered with FSB (South African Financial Services Board) is operated by Ouroboros Derivatives Trading Limited is the parent company of Copyop and it’s the same company which powers anyoption – the biggest binary options trading platform.
Copyop platform provides a safe trading environment for beginners, and they ensure safety and confidentiality of your financial information.
They have highest technology standards and invest in a considerable amount of resources to maintain the safety of your trading accounts. They also have different procedures to allow swift withdrawals.
Copyop Trading Platform
The Copyop trading platform is available as Website as well as Copyop Mobile App and supports more than 15 languages.
They have a friendly team of support professionals who are available on 24/7 basis to guide and assist you with any technique queries.
Copyop is the first social trading platform which allows you to follow and automatically execute the trades of other experienced investors in your trading network.
Copyop allows beginners to find leading traders in the network through Live Social Feeds or HOT traders table.
Traders are ranked based on their past performance through various parameters like success ratio, profits gained, hit percentage, invested amount, etc.
You can also get to know more about any investors by tapping on his/her name and looking into their personal profile based on which you can decide whether to copy or follow them.
Once you have decided the traders to copy from, their trades will be executed automatically from your account based on your terms and conditions.
Copyop Provides Flexibility
Open your trading account in 3 different currencies namely USD, GBP and EUR.
But the drawback is you won’t be able to change your base currency once you have opened the account.
They provide flexible deposit and withdrawal options such as Master and Visa Cards, Amex Cards, wire transfers and debit cards.
Copyop also offers a bonus deposit offer when you open a trading account with them.
You can also open a demo trading account with Copyop which you can use to get a feel of the platform and practice trading without having to deposit any real money.
There is a limit that any trader should have a maximum of only 100 copiers, and hence you won’t be able to copy a trader who already has maximum copiers.
Copyop is the biggest social trading network with more than 1 million traders who adopt multiple trading strategies and techniques.
If you are an experienced trader and have a lot of followers, you will also get rewarded for every trade copied from your account.
What is Copyop Coin
You will obtain 2 Copyop coins for any copied trade and 1 Copyop coin for any followed trade. You can exchange these coins with the Copyop itself for real-money. 60 Copyop coins are worth 10 EUR, 250 coins are worth 50 EUR and 600 Copyop coins are worth 150 EUR.
The main advantage of Copyop trading platform is that even beginners who don’t have sufficient market knowledge can trade binary options by following and executing the trades of other successful investors.
Copyop uses their proprietary evaluation algorithm to rank traders based on their performance.
You should also be careful about the risks associated with copy trading and should not invest your entire funds on any single investor.
Copyop will pay you 60% profit if the trade you copied and executed is successful and you will also get 5% refund in case your option expires out-of-the-money.
The Live social feed and HOT traders table are some of the interesting and useful features in Copyop which are not available in any other social trading platform.
But Copyop does not share you the entire trading history and current open trades of any experienced traders. It only displays the last three trades executed by a trader in your live social feed whereas other platforms provide complete trading history.
This is one of the biggest drawbacks of Copyop. It provides the hit percentage breakdown for past 120 trades which can give you an overview of the trader’s past performance, but still, it would be good to display the complete trading history.
Also, you won’t be able to contact any trader directly and ask for suggestions, which is another limitation of Copyop trading platform.
Overall, Copyop is considered to be a reliable and innovative social trading platform which makes it easier for beginners to invest in binary options by allowing them to copy and execute the trades of other successful investors.
Trading foreign exchange carries a high level of risk, and may not be suitable for all investors. The high degree of leverage available can magnify profits and as well as loses. You can lose more than your initial deposit. Before trading, please carefully consider the risks and inherent costs and seek independent advice as required. Past performance is not an indictor of future results.