Best Copy Trade Broker in Nigeria 2022: A New Investment Option
If you reside in Nigeria and consider investing in a dynamic platform but you have no idea how to get started, we have an attractive solution for you.
Digital investment platforms have become extremely popular and accessible nowadays. Investors from Nigeria can effortlessly access foreign exchange trading using a system called “Forex copy trading” or “Social trading.” By using this automated copy trading system, you can generate significant earnings.
Copy trading basically involves copying the trading strategies of professional traders. Also, this platform allows new investors to copy multiple successful traders, which allows you to diversify your portfolio and reduce investment risks.
Judging how popular copy trading has become, it’s definitely here to stay. According to a recent survey, the copy trading market is likely to expand to €70 billion by 2025 (at an annual growth rate of 48%).
To start copying trades, choose a reliable and proven platform and a transparent trading system to copy investment strategies. You can copy trading strategies with one click after checking out successful traders, their performance and trading history.
More Info About Copy Trading
As we’ve mentioned earlier, copy trading or social trading platforms enable investors to copy professional traders who have raked substantial earnings by implementing their trading strategies. Copy trading is an automated system, so copy trading is also called auto trading.
Copy Trading Forex System
You can invest through copy trading across all the major markets, such as FX, stocks, indices, and commodity markets. More than 85% of FX transactions include GBP/USD, EUR/USD, USD/CAD, USD/JPY, USD/CHF, AUD/USD, and NZD/USD.
Copy trading is one of the simplest ways to tap into the knowledge and expertise of seasoned traders and make a good income.
How Copy Trading Works in forex?
There are two ways of using the copy trading system.
- Copy trading strategies of successful traders and turn a profit
This option will be suitable for those investors who want to invest in a trading strategy and following successful traders.
Select the strategies to invest in.
Start copying these strategies to your investment account.
Get the same percentage of profit as the trader without having any expert knowledge in trading.
Easy to get started: The copy trading system is extremely user-friendly. You don’t need to be a professional trader and have deep knowledge of trading to start investing in the financial markets. You only need to copy the strategies of experienced traders.
Flexibility: All the trading strategies are available in RAMM (Risk Allocation Management Model) – the web-based platform for copy trading, or in the mobile app on iOS and Android devices.
Simplicity: Simply pick a desired strategy from the Strategy rating based on the strategy data such as profitability, age, commission%, number of followers, etc.
Full control of your funds: You do not need to transfer your money to some separate manager account. The funds are kept in your account. You can close your investment at any time.
Profit multiplication: A leading copy trading platform allows you to set a multiplier (factor parameter), which enables you to multiply your earnings up to 10 times or minimize your losses.
Transparency: You only pay commission to a trader if you make a profit by copying their strategy.
- Create trading strategies and make a profit when others copy them
This option is suitable for expert traders who can create strategies and earn from investors who pay fees for copying the strategy to their investment accounts.
Create trading strategies in a copy trading platform.
Earn from the investors’ profit when they copy your strategy.
You can earn up to 50 per cent of investors’ profit.
Attract investors hassle-free: The minimum initial deposit to open a copy trading account is $100. Such a low entry deposit attracts many investors.
Auto trading system: There is no need to add new investments in your strategy manually. The system is fully automated. It’ll do it for you.
Weekly payout: The auto trading system checks and calculates investment results weekly and transfers your earnings as a trader’s fee to your account.
You can decide the percentage of profit yourself: When creating a strategy, you can decide which percentage of investors’ profit you would like to receive as a commission.
It’s important to note that copy trading should not be seen as a way to make quick cash. Regardless of which trading platform you use, there is no such thing as a risk-free investment.
Although successful traders will serve as guides, investors should always try to improve their ability to evaluate risk, diversify to reduce losses to receive higher returns. Check out the AMarkets RAMM Copy Trading service in Nigeria. It has a user-friendly interface, easy to register, and provides excellent profit-making opportunities.