13/7/ · Copyop is a social trading binary options network. This new service allows traders to copy other successful traders and essentially place the exact same trades. I reviewed a few of these in the past and none of them have ever come to fruition so I’d like to see what’s different this time around As with all binary options trading, on Copyop you will know and be able to assess risk before you make a trade. It is one of the nice benefits when it comes to binary options trading. That is a lot different than say FOREX trading where you have virtually unlimited risk until you get to your stop blogger.comted Reading Time: 9 mins Copyop is a pioneer social binary options network run by Anyoption. Anyoption is a leading broker known for its premium services, thus giving it an instant air of validity. Copyop rides on the budding wave of social trading that has already taken the world of forex trading by storm
Copyop | Binary Today
We recommend choosing one of our top binary option brokers instead:. Try also Binary Option Robot if you are looking for automated binary trading. It is a little hard to describe because it is more like a follow the leader type site than it is a true binary options trading site.
It is a relatively new site that was just launched earlier in copyop binary options You can copy the trades of those people who trade on the Copyop copyop binary options Anyoption websites, copyop binary options. For the purpose of this review we will not add information about the Anyoption website.
There is a full review here under are binary options broker reviews section if you want to learn more specifics about Anyoption. You might want to consider doing the latter if you are the type of trader that likes to take advantage of some of the bonuses that Anyoption offers. One of the nice things about each site is your deposited funds can be used on either site too. You might want to note that we actually had to ask for the bonus after signing up and you have to be aware there are trading minimums before any bonus money can be withdrawn too.
There are 3 different choices of currencies that can be used to open an account in Copyop. You have to be careful which one you pick because after the initial deposit you can only add or withdraw money in the same currency.
You do not actually need to deposit money to open an account and this will allow you to check out the traders you copyop binary options follow and see the features of the website. After doing this you can pretty much expect a phone call from the Copyop sales team to help you out. There is no set format to whose trades you can copy; you can copy any person that trades on either site and any person can copy you.
Really the only condition is a trader can only have a maximum of people that copy there trades. As we did our review we only saw one instance of a trader being maxed out. You can also keep an eye on a specific trader without making trades and have it displayed on your social trading feed.
There is a lot of flexibility built into the web platform as far as how you look at another investors trading. Another thing to note is there is no slippage with Copyop like there is with FOREX social Trading. Slippage is the difference in the trade from when the person whose trades you are copying and the price when you decided to copy is factored in. You get the identical trade copyop binary options as the person you are copying with Copyop.
The drawback is copyop binary options get slightly lower return on investments than the person you decided to copy. Most people accept this as the cost of being able to access the service.
Most sites that allow social copyop binary options only let you do it with FOREX but that is not the case with Copyop. You can use it with stocks, Indices, commodities and FOREX pairs. Interestingly enough you will be rewarded if you place trades and people copy you.
You are copying real people who are risking their own money so that in itself should increase your confidence level in the trading process, copyop binary options. There is a small payout on losing trades too. In order to be successful with this web broker you need to know how to pick out the successful traders, copyop binary options.
With what we teach you here you will be able to choose traders to copy from both Copyop, Anyoption, copyop binary options, Banc de Binary and 24option as was mentioned before. The explore tab brings up random traders that have recently traded and the hot list brings up traders who are trading well as of late. One of the big drawbacks with Copyop is that you can only see the last three trades an investor makes and not a complete history of the clients trading or their current open trades ; this is consistent with other sites that allow social trading also.
The lack of detail on the trader that you want to copy is what keeps people from doing social trading a lot of the time. As with all binary options trading, copyop binary options, on Copyop you will know and be able to assess risk before you make a trade. It is one of the nice benefits when it comes to binary options trading. That is a lot different than say FOREX trading where you have virtually unlimited risk until you get to your stop level.
It must be noted that when you are copying trades the amount you invest stays the same per trade regardless of what the person you copyop binary options copying invests. So you must be aware that there is no proportionality in percentage to the amount the copied trader invests.
It is fixed for every trade you copy for the amount you selected for each copied trader, copyop binary options. Because of this your results will never be exactly the same as the trader you copy. As explained before you will also not receive the same return on investment as the trader you are copying because they get a small percentage of what you make on the trade. You can do such things as only take the trades of the people you are watching that they invest the most money, copyop binary options.
This may give you an indication of their confidence level in a particular trade. You can study the information given on each trader and come up with your own conclusions for each trader and invest accordingly.
If you watch a trader long enough you can really pick out the reasons why they are winning on certain trades and not on other ones.
There are not a lot of fees and costs as far as Copyop is concerned. Signup is totally free and you can even make one totally free withdrawal each month. Customer support options are limited but functional. You can only contact this web broker by email or contact form; that means you can rule out ever getting a quick answer to a question or concern.
We were not thrilled with that aspect of their customer service at all ; as a matter of fact the average response time to the questions we submitted was three to four days and improvement is certainly needed in that area., copyop binary options. The FAQ page is not extensive either but what is there is very thoroughly covered and explained well. There are a lot more support options for their sister site anyoption, so again we lean toward accessing Copyop after you sign up for an account with anyoption, copyop binary options.
Copyop does have a nice variety of learning tools that they give access to those that register for their website. Copyop does allow it traders to connect using their Facebook account too; once you do this your friends can see your trades and vice versa. We are not sure why you would want your friends to know you trade and how much but this could be useful if you had an account that was made up of just trading group friends.
Unfortunately Copyop does not provide their users with a demo account at this time, copyop binary options. As was mentioned before they do allow you to see the features copyop binary options the website and follow some traders after signing up even if you have not made a deposit.
At least that way you get a little sneak peek into the website. It will give you a good idea how successful a lot of the traders are on the website. This site is very different from other web brokerage sites for sure. As we stated it is much more a form of auto trader than it is a binary options website but you can still place your own trades too but make no mistake about it the site is made to help you coattail off the success of experienced traders.
There are a lot of pros and a lot of cons so clearly this type of website is not for everyone. You may want to consider signing up for their sister site Anyoption so you get the bonuses they offer and can still access Copyop too. How does this kind of broker work? because I am not copyop binary options how to distinguish between a good trader and a bad one. How do I make sure I am copying a good one? It is easy, copyop binary options.
You copyop binary options see the stats of all traders and then you decide who to copy. If you are a beginner of trading binary options, I would recommend IQ Option broker for you, copyop binary options. This copyop binary options to be worth a try but also a bit scary. Did anyone try it? Could you share your experience, please? I am a beginner in binary options trading and have many questions.
Does it really pay that good? If yes, copyop binary options, what would be the acceptable payout rate? I am considering copyop for trading in the near future, copyop binary options. As per the social trading platform, you need to understand which trader you should follow, copyop binary options. That would help a lot! Your email address will not be published.
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Copyop 5 Comments. UPDATE We recommend choosing one of our top binary option brokers instead: Min. Invest Min. Deposit Max. Start trading now by opening a FREE account to a TRUSTED Binary Option Copyop binary options by clicking the link below:.
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Copyop Review - Social Trading - Binary Options - Trading Scam?
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Copyop is a pioneer social binary options network run by Anyoption. Anyoption is a leading broker known for its premium services, thus giving it an instant air of validity. Copyop rides on the budding wave of social trading that has already taken the world of forex trading by storm 13/7/ · Copyop is a social trading binary options network. This new service allows traders to copy other successful traders and essentially place the exact same trades. I reviewed a few of these in the past and none of them have ever come to fruition so I’d like to see what’s different this time around Copyop | blogger.com
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