Welcome to blockdexpro!
It’s all in the name! Copy trading allows you to directly copy the positions taken by another trader. You decide the amount you wish to invest and simply copy everything they do automatically in real-time – when that trader makes a trade, your account will make that same trade as well. You do not need to have any input on the trades, and you get the identical returns on each trade as your chosen trader. But by copying another trader, you could potentially make money based on their skills. In fact, no advanced knowledge of the financial market is required to take part!
The history of copy trading goes back to 2005 when traders used to copy specific algorithms that were developed through automated trading. Brokers recognised the potential of having systems where any linked to that trader could automatically copy their trading account. There was no need to constantly monitor email signals or trading ‘chat’ rooms. We think they were onto something. Out of this were born services that allowed traders to connect their personal trading accounts to their platform. Traders no longer had to submit their specific strategies. The popularity of copy trading has since exploded.
1 in 3 say a traditional stock market approach is over-complex and this can be simplified by automatically following traders. 1 in 4 investors said they were considering Copy trading last year.
Here is how the copier works: You, as an investor, simply select an expert or experts that you want to copy trades from. Once you are signed up, this is the only action needed on your part.
Once you’ve taken care of the above, you are all set. There are no codes that you need to run or signals for you to manually input. Our software will handle the trade copying automatically on your behalf. We monitor your experts trading activity and as soon as there is a trade, we calculate all the necessary parameters and execute the trade.
The only thing you have to make sure of is that you have enough funds available in your trading account. When the expert exits a position, you too will exit it. Automatically.
1. Fees and Expert Commission
In most cases, the fees for copy trading are equivalent to 20% of the profits earned during the session. This fee covers the commission for the expert handling the trades, so clients are not required to pay the expert directly. If a client chooses to make additional payments to the expert, they do so at their own risk, as the platform does not mediate or take responsibility for such transactions.
2. Platform as Mediator
To maintain transparency and professionalism, clients are advised not to engage directly with their copy trading expert. The platform acts as the sole mediator in resolving any disputes or issues that may arise between clients and their experts, ensuring that all parties are treated fairly and equitably.
3. Fees for International and Decentralized Trading
For accounts trading in a variety of commodities, including cryptocurrencies, especially in regions outside the United States or Australia, fees must be paid separately. Due to the decentralized nature of these investments, profits will be withheld until all applicable fees are paid through an external wallet. This ensures compliance with platform policies and the smooth operation of the trading process.
4. Deposits and Withdrawals
All deposits and withdrawals on the platform must be made exclusively through cryptocurrency. This approach guarantees security, speed, and efficiency in handling transactions while aligning with the platform’s commitment to decentralized finance principles.
5. Risk Acknowledgment
Copy trading is done at the investor’s risk. Blockdexpro has set in place limits and algorithms to ensure you do not accumulate losses, but it doesn’t cancel out the total probability of making a loss when your copy expert makes a loss trading for you.
By adhering to these outlined terms and conditions, clients can ensure a secure and efficient copy trading experience.
Open account for free, deposit and start trading Crypto Market!
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