MetaCopyTrade Review: Unleash the Power of Copy Trading
Copy trading is a great way to start trading, especially for beginners. It does exactly what the name says, you copy trades and strategies from other, more experienced traders which is beneficial for someone with limited knowledge. However, it’s important to note that copy trading carries a risk as well, and choosing the right platform is crucial.
That said, our MetaCopyTrade review is here to evaluate the copy trading platform and present you with facts so you can decide whether or not this firm is for you. Stay tuned and don’t forget to check Trustpac, a firm that despite its name provides no trust to its clients.
Who Is MetaCopyTrade?
With this platform, you can link to any broker’s trading account and copy orders for any products, including Forex, cryptocurrencies, stock CFDs, commodities, and indices, without any restrictions. What’s even more intriguing is that you don’t need a VPS, an Expert Advisor (EA) copy trade, or any other additional software to use a copy trading system; all systems operate automatically and in real-time, around-the-clock.
The firm is relatively new in the market so there isn’t much to tell yet, however, they did intrigue us with a variety of options they offer. One benefit of the most recent copy trading platform is the ability to utilize different nations, brokers, and even versions of MetaTrader. Normally, copy trading can only be used with the same broker.
|Copy Trading System
|Kantor Pusat Suntec City, 038987, SG
|Financial Authorities Warnings
|If Active on Social Media:
|United States; United Kingdom; India; Singapore; Indonesia
|Compatible with all brokers
This platform allows investors to open accounts, follow professional traders, and have their trading activities copied. The services they offer seem connected to investment and trading, which may require regulation in some jurisdictions.
The platform would probably need to execute AML and KYC procedures as a financial service provider to stop money laundering and guarantee customer identification by federal rules.
The majority of the firm’s clients come from the US and the UK, which requires regulatory oversight by the SEC in the United States and FCA in the United Kingdom. While regulation is not usually expected with platforms like this, it would still be safer to use platforms that are forced to adhere to certain rules.
MetaCopyTrade Broker Profile
The registration for the service is done at sp.sofinx.com and not on the official website the platform owns. You can follow the deals of seasoned traders in real-time to learn from their knowledge, tactics, and prospective gains.
A percentage that can be chosen by the trader himself will determine how much of any profits made by all investors will go to the trader. Although copy trading is free, 10% of traders’ earnings and 7% of investors’ earnings are withheld for each withdrawal.
Overall, the conditions this platform offers are not the greatest, especially since they lack a very important factor–regulation. We vote on avoiding this platform and its operations, as its reliability is under question. Unfortunately, MetaCopyTrade is not the only one you should avoid, so make sure to read our BrokersPark review.
|Whatever platform your broker uses
|Micro, Standard, Pro, Banker
|Financial Instruments On Offer
|$9.99/month, $100 for Investor accounts
|Commission start from $2.5, $2.2, $2 per lot
|Education or Extra tools
MetaCopyTrade Key Features
For Trader accounts, the Trading Assistant can broadcast all of your trading activity—from open orders to canceled orders—to all of its followers. The Trading Assistant works to obtain all transactions from the Master that you follow for Follower accounts, from open orders to closes. The features you can expect while using this platform include the following:
- Copy transactions automatically within 24 hours
- Copy trade on all trading platforms, including MT4 and MT5
- Compatible with all brokers
- Works automatically
- Adjustable profit and loss ratio
- Regularly updated portfolio
- Accounts can get additional income from commissions
- Followers can gain profits without having to learn to trade
Is MetaCopyTrade Safe To Trade With?
Due to offering financial services without being regulated, this platform is not a safe choice. If they had regulatory oversight which is required in some jurisdictions when a platform offers services like this, they would be a great choice, especially suitable for beginners.
However, that is not the case with MetaCopyTrade and this platform is not a suitable choice. There are better alternatives for copy trading firms or better yet, we know for a fact that our AI Analysis Bot is more secure and great for both beginners and seasoned traders. Learn more about it later in the article.
Deposits and Withdrawal Methods
The payment methods you can use with this platform include a bank transfer, PayPal, credit/debit cards, Bitcoin, Ethereum, and Tether. The use of cryptocurrency as a method makes the payments untrackable which is another red flag to be concerned about.
If you request a withdrawal, there is a 7% fee, which is high compared to some other brokers and platforms. For investors that make profits, this fee is too high because you would have to pay $7,000 to withdraw $100,000. Seems excessive, don’t you think?
Weighing the Pros and Cons
Can I Make Money While Trading Online?
We think it’s safe to say that MetaCopyTrade is not safe and there are better alternatives you can choose from. While you can start trading with limited knowledge, especially with platforms like this one, education is still required to start your profitable trading journey. Furthermore, without a plan and the right company or tool, your chances of profiting are low.
However, the future of trading is here and your worries are coming to an end. Meet our AI Analysis Bot, a potent program that gathers information from charts such as previous asset prices and other data. It makes insightful recommendations regarding whether to buy or sell using sophisticated technical analysis to forecast future price movements.
If this seems like your thing, prepare to be amazed. We offer a 14-day free trial for the first 100 traders who reach out. We are tired of traders having to spend countless days learning about the trading business, so if you have limited knowledge or if you are an all-knowing investor, our bot is perfect for you. Act quickly and grab this once-in-a-lifetime opportunity!
What Is MetaCopyTrade?
It is a copy trading platform that allows you to link to any broker's trading account and copy orders for any products, including Forex, cryptocurrencies, stock CFDs, commodities, and indices, without any restrictions.
Is MetaCopyTrade Scam?
The platform allows users to open investor accounts, deposit money, and even withdraw profits, however, they are not regulated and therefore a scam.
How MetaCopyTrade Works?
Transactions are copied from one trading account to another, starting with open orders and changing to closing orders. You can follow the deals of seasoned traders in real-time to learn from their knowledge, tactics, and prospective gains.