Copy trading is where the positions opened by one trader – known as a leader –are replicated by other traders – known as followers. This process is often automated, so the fortunes of the follower will precisely mirror that of the leader. Liability for any losses still lies with the  trader who’s chosen to follow another account. Copy trading can be a popular route into the markets for those who lack the time or knowledge to feel confident in their ability to trade independently.

As a follower, any profits you make, you may withdraw them without any limitations.

As a leader, any profits you make you may withdraw them without any limitations. Apart from the profits the copy trading tool gives you the ability to manage multiple accounts of yours or your network.

You have full liability for any losses you make when copy  trading as a follower. Conversely, as a leader, you have zero liability for your followers’ losses.

You’ll use MetaTrader 5 as your copy trading platform. It boasts outstanding functionality and its slick, simple design makes it easy to use – regardless of your experience level.

Yes. Your trades will be automated so you will not be able to choose which positions you copy from your provider. And your trades will still be copied if you log out. Although, you can chose how much of the copy trades you want to copy by simply setting up your risk appetite as percentage of the trades.

Yes. You can subscribe to more than one leader.

Yes. You can copy trade forex, commodities, indices, shares and cryptocurrencies with TenTrade. Of course, the specific assets in your portfolio will be determined by the leader you’ve chosen to follow. Some will focus on a single market while others may prefer to diversify across a variety of asset classes.

Leverage is already preset on your MT5 account upon opening . Leverage can offer you the potential to amplify your profits from a smaller amount of capital, while it also brings the risk of magnifying your losses. You don’t have to match the leverage ratio selected by your provider, but bear in mind that if you don’t have enough leverage to open the position, your trade won’t copy.

Your money, including any unrealised profits, is held in separate trust accounts with AA-graded banks. We operate within the strictest international laws and our technology is fully encrypted to guard against fraud. And if you struggle to make a profit from copy trading, we have protection that ensures your balance will never fall into the negative.

Find out more about the security of your funds with TenTrade.

Do you have questions about becoming a social trader? Want to know more about the ins and outs of being a provider or a subscriber? If you need to speak to us about copy trading or anything else, you can contact us 24 hours a day via live chat. You can also:

• Fill out our online form
• Email us at [email protected]