FXTM Invest - copy trading with independent verification of managers

Copy trading is gaining popularity all the time. This trend was noticed by an international broker FX™, which introduced a new quality of this type of service by creating FXTM Invest. What is the phenomenon of this service? We check.

The growing popularity of copy trading

There is seldom enough time in today's rapidly changing world. Work-life balance is harder than ever, and it can be hard to find hours during the day to get whatever you want. When it comes to financial markets - especially forex - every millisecond counts. This, combined with increasing competition, is making brokers start using more and more innovative technologies to maximize the time and convenience of their clients.

Gone are the days when trading on the currency market was reserved for a small elite with a large financial background - now anyone with Internet access can invest. However, markets are volatile and successful trading requires knowledge, skills and an effective strategy. Certainly, it is not for everyone.

Does that mean you have to give up Forex market? Not necessarily. Social trading (also known as copy trading) comes to the rescue.

Social trading - what is it?

The so-called social investing is copying the games of other trappers, called managers. The current technology allows for instant and automatic duplication of transactions without any problems. The investor's task seems to be quite simple, but only to choose the right trader whose movements we will copy.

While past performance does not always guarantee that you will achieve similar results in the future, choosing a manager who looks ahead increases your chances of success. And this success depends largely on the credibility of the published statistics and the technology used.

Be sure to read: Social trading - the art of choosing a signal provider

FXTM Invest - externally verified copy trading

Each broker offering social trading gives access to managers' statistics. But then it is different - in some cases, anyone can become a manager, and the chaos in the statistics of their results makes it impossible to properly assess the situation.

The FXTM broker approached this topic a bit differently than the competitors. The statistics posted on the FXTM Invest website are checked by PricewaterhouseCoopers Limited (PwC)  - one of the largest companies in the auditing and consulting industry in the world. Data verification takes place in accordance with International Standard on Assurance Engagements (ISAE) 3000.

PwC checks the results of strategy managers and the method of calculating financial results, thanks to which we can be sure that we receive reliable information. The rates of return of the best strategy managers are verified by PwC at the end of each month.

Execution of orders

Express processing of transactions makes delays in copying positions between the manager and the investor not a problem.

Price slips

The quick execution also translates into a low level of price slippage. An interesting fact is that, according to the published statistics, slips in favor of the trader (in the Take Profit execution) are much more frequent than in the disadvantage (in the execution of Stop Loss).

The data on transaction re-quotes are also favorable.

Managers' statistics

Each manager is rated on a risk scale from 1 to 5, where one is a very low risk and five is high. In addition to the obvious data such as the rate of return, we also receive information about the maximum capital drawdown (Drawdown), the results achieved at different times, as well as the amount of capital that is "attached" to the signals.

And for more experienced traders ...

In parallel, copying is also a good way for experienced or professional traders to optimize their income. Those who are well versed in the mechanics of the markets and regularly generate positive returns can profit from the extra commission on their trades and benefit from economies of scale as their strategies grow in popularity. The greater the number of followers and the better the performance, the greater the additional perks can be. The percentage charged to the investor is set independently and can be both 10% and 40% of the profits made - the decision is yours!

FXTM Invest - How To Get Started

The minimum deposit is $ 100 - this makes FXTM Invest accessible to everyone, and we have the ability to effectively manage risk regardless of the funds held. We have full control over our funds and we can manage them as we wish; we can withdraw and invest when it suits us. And most importantly - FXTM Strategy Managers get paid only thenwhen they make a profit (it is not possible to set a management fee or from "Investment commencement").

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.