0 Nick Robinson Posted March 4, 2019 Author Share Posted March 4, 2019 Quote Link to comment Share on other sites More sharing options...
0 Ilija Rankovic Posted March 6, 2019 Share Posted March 6, 2019 I will not explain what copy trading is as you already ask a specific question. Let's put it like this - by "safe" you can mean two things, if it's actually "legit" and is it at all legal? Now let me address these questions: At first glance, copy trading can seem too good to be true, as it just seems too easy to just copy the trades of the highest ranked traders (signal providers) and rake in all of the profits. So, what’s the catch there? First off, you should know that there are always risks involved with trading and investing and that even the most experienced and successful traders experience losses. Copy trading is surely legit, as it is another way for successful traders to earn a profit. While you copy the trades, they benefit two-fold: 1. By following the trades, the trade is actually more likely to go in the right direction for the signal provider;2. The signal provider gets a "cut" each time you trade, or by subscribing to him, or some other way that the copy trading website has designed it. The second part of the question is if copy trading is legal, and again, yes it is. However, before registering to one of the copy trading websites, make sure that the website is regulated. The main regulatory authorities are the SEC, FCA, CySEC and CFTC. If the brokerages do not have one of these authorities vouching for their safety, they should not be trusted. Quote Link to comment Share on other sites More sharing options...
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