Copy trading is where the positions opened by one trader – known as a manager or provider –are replicated by other traders – known as investors or subscribers. This process is often automated, so the fortunes of the subscriber will precisely mirror that of the provider. Liability for any losses still lies with the social 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.

Social trading and copy trading are the same thing. They’re just two slightly different phrases used to refer to the same concept. Simple!

As a subscriber, any profits you make will be subject to the performance fee set by your provider. Typically, these fees are around 20-30% but they can vary, so it’s up to you to follow an account that demands a percentage you are happy to pay.

As a provider, you will earn a proportion of any profits made as a result of your trades being copied by your subscribers. This commission will be in line with the performance fee you have set, and you can determine the frequency at which these profits are paid into your account.

Yes, you can withdraw your profits and transfer them to your bank account at any point. This applies to both copy traders and providers. And the funds should be in your account the same working day, as long as the request is made within business hours. If not, they will be transferred on the next working day.

You have full liability for any losses you make when social trading as a subscriber. Conversely, as a provider, 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.

Yes. You can subscribe to more than one provider, but you will have to do so via a separate MT5 account for each one.

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 provider you’ve chosen to follow. Some will focus on a single market while others may prefer to diversify across a variety of asset classes. Find out more about the different markets with TenTrade.

Yes, all copy trades with TenTrade are leveraged. This 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]