RoboForex (the World’s Best Forex Broker For Automated Trading 2012, according to ) has recently introduced a new solution for investors. It is called RoboCopyFX.
They say the new service allows traders and investors to take their trading and investment activities to a completely new level. RoboCopyFX is said to be more productive profitwise than conventional PAMM accounts.
How exactly does RoboCopyFX help people to increase their profits? What are its peculiarities and advantages? How convenient it is for traders and investors? What is required to do in order to apply for it? We will answer these questions in this article.
RoboCopyFX – Decent Profits Without Risks
RoboCopyFx is a unique service that allows anyone to make decent profits without major risks. You can choose managing traders yourself and let them make money for you while you are mastering you trading and investment skills.
The innovation service is a new step in the development of the Forex trading industry. Even despite the fact that in essence RoboCopyFX has much in common with PAMM, there are several major differences, which give the former a competitive edge over the latter:
Absolute transparency. The trading process is absolutely transparent. This means that you can monitor the process, thereby staying in control of the situation.
Flexibility. Investors and managing traders can determine any trading conditions that are optimal for them. This makes their cooperation very flexible and therefore efficient and pleasant.
Control. The investor can make any changes to the trades opened by the trading manager at any time. Therefore, investors are free to choose. They either copy the trading manager’s trades without any changes or make some minor changes to them, thereby adjusting them to their approach and money management rules.
Multiple managers allowed. This means that you can receive trading signals from as many trading managers as you want.
Therefore, the cooperation within the innovation services is designed so as to create win-win situations for every party involved.
Choosing Providers
Within the framework of RoboCopyFX, trading managers are referred to as providers.
Before cooperating with a certain provider you can monitor his trading in real time and monitor his/her trading history. This means that you can visit the CopyFX rating page to see all the providers’ past and current results. This is how the page looks like:
As for the schemes of cooperation available, you have the following variants to choose from:
· For short-term cooperation, it is better to choose the so-called “provider on commission” scheme. In this case, commissions will be fixed depending on the amount of lots traded (in case a winning trade is closed). This condition should be defined in the offer in order to avoid misunderstanding between investors and providers (those who provide trading signals to copy).
· Another option is called “provider on profit”. This option is more suitable for mid-term and long-term cooperation. In this case, the provider gets paid depending on the total income you have earned when the cooperation is over.
· And finally, you can invest in classic PAMM accounts. In this case, you will have to transfer your funds to a single account that will form the money pool that will be used to trade Forex. The managing trader defines the size of the commission as a certain percent of the total profit gained over the entire trading period.
For more details, please visit the company’s official website. You are also recommended to read the following related articles:
