What is Axi Copy Trading

Axi Copy trading allows you to copy trades placed by other traders. The basic goal is to find another investor with a proven and successful performance history and begin copying their trades. If they continue with their success, you will also benefit. However, if trades do not go in their favour, you will also be copying their losses. Traders must therefore be aware that past performance is not a guarantee of future success.

Copy trading can be done by connecting your MT4 trading account to the Axi Copy Trading app. The Axi Copy Trading app can be downloaded free from the Apple Store and Google Play Store. Within the app, you can explore the community of traders online – filtering by things like profitability, asset type, and level of risk – to find traders whose trades you want to copy.

Once you have found a suitable trader, you can adjust individual trade settings to a level of risk that is appropriate to you. Once you click ‘Copy,’ any time the master trader trades, your account will copy their trades, based on your settings. You can follow more than one trader at a time, and you can stop copy trading at any time.

The app is developed by the Pelican Group who hold the relevant regulatory permissions to offer copy trading.

For more information, please refer to our What is Copy Trading? guide.

Risks of copy trading

Like any form of trading or investment, copy trading carries a degree of risk that should be actively managed according to your individual circumstances, goals, and overall strategy.

Since every trader has a different approach to risk, it is the responsibility of the individual to manage risk appropriately. To help manage risk when copy trading, you should carefully consider the past performance of any traders you choose to copy, be aware of their approach to risk, and, if necessary, adjust individual trade settings before you begin automatically copying trades.

As with other forms of trading, you should only invest what you can afford to lose. It is also important to remember that you can stop copy trading at any time.

Advantages of copy trading

Flexibility

While copy trading involves simply copying the trades of the master/signal provider, the copier still maintains control of how much they want to risk per trade. For example, if the provider is trading large lot sizes but the copy trader has insufficient funds in their account, they can adjust the trade size, so it works proportionally to their own account balance.

Efficiency

Becoming a successful trader is a long journey and not every trader can dedicate multiple hours per day to this. However, copy trading allows you to trade alongside top traders even if you are busy with other things – you just need to make sure you have your risk parameters set up and monitored properly.

Transparency

Copy trading is like social trading in the sense that there is a leaderboard where you can compare different providers and their performance. This means wins and losses are visible to see.

Diversification

Traders can choose to copy someone as a diversification tool. For example, you may feel most comfortable using a swing trading strategy but could copy someone who has shown they are successful at scalping. If your own strategy is not performing well or you are finding a lack of trading opportunities, copy trading might make up for some of it.

Read more about the potential benefits of copy trading.