OctaFX broker has been in the business for 10 years now, and one of the most popular products that they offer for their clients is their copy trading platform. You might see an advert about how easily you can make money with OctaFx copy trading, and that’s why you’re here to figure out if is it really true or a review about it.
I have been in the forex trading space for quite some time now, and I also noticed the aggressive marketing or client acquisition campaign of OctaFx for their copy trading platform. So what I did is, I personally tried OctaFX copy trading app, and invested some amount of money to see if OctaFX copy trading is really profitable, just like what they have claimed on most of the ads that I see about their platform.
Is OctaFX Copy Trading Profitable?
I tried OctaFx copy trading app with an experimental investment of $100, and then I waited for 5 days to see if I can really make profits from copying OctaFX master traders, and surprisingly I was actually able to make a decent amount of profits. I have recorded everything, from making a deposit to showing who I was copying, just watch the video below if you want to see it.
I have optimized the video above for mobile screens, so if you will not see it clearly, I would suggest watching the video using the YouTube app instead, just click the button above.
What is OctaFx Copy Trading?
I’m assuming that you already have an idea about how “copy trading works”, and you’re just here to see if the OctaFX copy-trading platform is real, and not just some fly-by-night platform that takes away you’re money. Well, I’m here to confirm that yes, OctaFX is a legitimate forex broker and yes you can make money with their copy trading platform, so just have to be careful with the master traders that you’re going to copy.
Copy trading as the word itself means copying someone’s trades (experienced or master traders) instead of you doing it yourself. If you don’t have enough knowledge or time to study to become a profitable trader, copy trading is your go-to solution. Whatever your master trader trades will be also copied by your trading account.
Now the downside is master traders will get commissions out of the profits that you’re going to make from copying their trades. With OctaFX copy trading, master traders usually get commissions from 25% to 30% out of your profits, plus the trading fees that the OctaFX broker gets every time a trade is placed. But as long as you make profits, that’s all that matters.
OctaFX Copy Trading Tutorial
So you might decide to also go ahead and try OctaFX copy trading after watching the video review that I have above. So I decided to also create a detailed tutorial about it. I have shared every step that you need to go through and also shared some tips and good practices to make profits with OctaFx copy trading.
Please refer to the video below for a detailed guide on how to get started with OctaFX copy trading.
OctaFX copy trading App
As of the moment, OctaFX copy trading app is only available for Android users, and you can download it straight from Google Playstore. If you’re using an iOS/iPhone device, you can still start with OctaFX copy trading but you have to do it through their copy trading website.
OctaFX Copy Trading Minimum Deposit
You need to have at least a $25 USD (currency equivalent) investment to get started with OctaFX copy trading. Also, depending on the master traders that you’re going to copy, they also have a certain minimum investment for you to be able to copy their trades. But yes, there are lots of master traders that you can copy with just $25 USD.
I would suggest you first check out potential master traders before you start funding your account, just so you will have an idea of how much is the exact amount you need to start copying that particular master trader. It depends on where you’re from, local payment methods should be available for you to use to fund your account and withdraw your profits.
Best Master Trader In OctaFX Copy Trading
Forex trading in any form always comes with a risk, so we have to be careful with the master traders that we’re going to copy. No one can actually distinguish who is the best master trader you can copy inside OctaFX copy trading. No one can predict what’s going to happen in the future and the same goes with the forex market. We cannot also just solely base our judgment on previous performances of master traders, no one is a perfect master trader so still, they might make mistakes in the coming future.
So the best thing you can do, which I also did, is I copied multiple master traders, and I only copy the master traders with the highest number of copiers, and with the lowest risk score. The best thing is OctaFx copy trading app comes with a filter, and you can easily filter master traders with the highest number of copiers.
OctaFX copy trading (or any other platform) always comes with a risk, so only invest what you can afford to lose. Diversify or copy multiple master traders to minimize the risk.
Let me know in the comments below if you still have questions.