In this review, we'll take a deep dive into Deriv copy trading, exploring its features, benefits, and drawbacks. We'll also provide tips on how to use Deriv copy trading to make the most of your social trading experience.
What Is Deriv Copy Trading?
Deriv copy trading is a platform that allows you to automatically copy the trades of other users, known as “strategy providers.” These providers have proven track records and share their trading decisions with followers, like you.
As a follower, you can choose which providers to copy, set your investment amount, and sit back as Deriv automatically executes the same trades on your behalf via Deriv cTrader.
Deriv social trading can be a great way for new traders to learn and grow, and it can also be a way for experienced traders to generate additional income.
How Does Deriv Copy Trading Work?
Deriv copy trading works by allowing you to choose a strategy provider to follow. Once you have made your choice you allocate funds and Deriv will mirror the strategy provider's trades in real-time to your own account.
This means you'll buy and sell the same assets at the same price points as the provider. You can even set stop-loss orders to limit your potential losses, adding an extra layer of security.
Deriv social trading clients can follow as many “strategy providers” as they want, which means they can choose different trading approaches with different risk levels.
Deriv copy trading is done via the cTrader platform.
What is Deriv C Trader?
Deriv cTrader is a new copy trading platform that allows traders to copy the strategies of expert traders in real time.
Deriv cTrader allows traders to copy trade currencies, metals, indices, energies, derived indices and commodities.
The powerful copy-trading platform integrates trading with cutting-edge technology. It also offers a wide range of features and functionality, making it a good choice for both beginners and experienced traders.
How Does Deriv cTrader Work
Deriv cTrader works by connecting followers to strategy providers. The strategy providers' trades are automatically copied to the followers' accounts in real-time. This means that followers can potentially make profits without having to trade themselves.
Followers can choose which strategy providers to follow and can monitor their trades, close positions, withdraw profits, and manage their investments.
As a follower, you also have access to risk management tools and real-time performance monitoring.
Followers on Deriv copy trading only pay a commission if the copied trades are successful.
Deriv copy trading clients can follow as many strategy providers as they want as long as they have the funds. This means they can choose different trading approaches with different risk levels.
Deriv cTrader allows strategy providers to share their strategies, build a trade record, attract followers, and earn a commission from copied trades.
Deriv cTrader is a convenient platform for copy trading. It is accessible via a Windows app for PC, a web trader platform, and a mobile app for Android.
The iOS app will be available soon.
How To Open A Deriv Copy Trading Account on cTrader
Follow these steps to open a Deriv copy trading account on cTrader.
- Open A Deriv.com demo account
- Open Deriv cTrader Account
- Log in to your Deriv cTrader account
Let's look at these steps in detail.
1. Open Deriv Demo Account
In this step, we will create a general Deriv account that will give you access to trade any of Deriv's assets.
We will create a specific Deriv cTrader account in the later steps.
Go to the Deriv website and click on the “Create Free Demo Account” button.
Enter your email, agree to the terms and conditions and click where it says ‘Create Demo Account‘.
You will then receive an email from Deriv with a link to verify your email address. Once your email address has been verified, you can log in to your Deriv demo account.
2. Open Deriv cTrader Account
Log in to the Deriv demo account you created in the step above and click on the ”Traders Hub” tab. Scroll down until you see the ”Deriv cTrader” tab and click on ”Get”.
Your new Deriv cTrader account will be created. You will be prompted to transfer funds from your main Deriv account to the cTrader account.
An email confirming your cTrader account will be sent to you.
You will also see links to download the Deriv copy trading application or to log in to Deriv copy trader on Web Trader.
3. Log In To Deriv cTrader
You can then log in to cTrader Deriv using your main Deriv email and password. You can also log in to Deriv copytrading Web Trader.
How To Start Copying On Deriv cTrader
After logging in to Deriv Copy Trader you will see a menu list on the left. Click on ‘Copy' to see a list of strategies you can copy.
Click on any strategy to get more information on it including:
- All-time Return On Investment (R.O.I)
- Total investor's funds copying the strategy
- Strategy provider's funds being traded
- Minimum investment
- Duration of strategy
- Commission rate etc
You can use this information to compare strategies and find the one that fits your needs and risk appetite.
Once you have chosen a strategy click on ”Start Copying” and allocate funds to the strategy.
You can copy more than one strategy at a time.
Now when you click on ”Copy” you will see a list of the strategies you are copying and their current performance. You can add more funds or stop copying a strategy at any time.
How To Open Deriv cTrader Demo Account
Deriv allows you to open a demo account to practise social trading. You can copy strategies just like on a real account.
To open a Deriv cTrader demo account follow these steps:
1. log in to your main Deriv account using the email and password you chose when you signed up
2. Click on
- ”Traders Hub”,
- then on the ”Real/ Demo” toggle,
- then on the ”CFD” tab.
3. Scroll down until you see the cTrader button and click on ”Get”. Your demo Deriv cTrader account will be created and you will get an email confirmation of the same. You can start copying demo strategies right away.
Deriv cTrader Features
- Advanced charting tools: Deriv cTrader offers a variety of charting tools, including candlestick charts, bar charts, and line charts. You can also add technical indicators to your charts to help you analyze the market.
- Advanced order types: Deriv cTrader offers a variety of advanced order types, such as stop losses, limit orders, and trailing stops. These order types can help you to manage your risk and maximize your profits.
- Multiple Language Support: Deriv cTrader supports up to 23 languages making it very convenient.
- Highly customizable: Tailor the trading experience with one-click trading, live market sentiment indicators, fluid chart dynamics, and QuickTrade modes. You can also enable push notifications and email price alerts.
- Automated trading: Deriv cTrader offers automated trading through robots and custom indicators
Deriv Copy Trading Costs
Copy trading on Deriv comes with different trading costs that may or not be charged depending on the strategy provider. These are:
- Minimum Investment (Deposit)
This is the minimum equity you need to copy a strategy.
- Performance Fee
It applies to the net profit using a high watermark model and is paid at the end of each month
- Management Fee
It is an annual percentage of Investors' Equity calculated daily and paid at the end of each month
- Volume Fee.
It is based on the volume traded while copying the Strategy and charges for opening and closing each position
Different strategy providers charge different fees and some may not even charge any fees. It is important to be sure of the fees charged by a strategy provider before you start copying it.
Advantages Of The Deriv cTrader account:
- Wide range of strategy providers to choose from
- Low spreads: Deriv offers some of the lowest spreads in the industry, which can help you maximize your profits.
- High liquidity: Deriv has a high liquidity pool, which means that you can easily enter and exit trades without affecting the market price.
- Advanced trading features: The cTrader platform offers a variety of advanced trading features, such as technical analysis tools, automated trading, and hedging.
- Demo account: Deriv offers a free CTrader demo account, which you can use to practice trading before you start using real money. You can even copy strategies with a Deriv copy trader demo account.
- Reliable platform: Deriv social trading is a reliable platform designed to withstand even the most volatile market conditions.
- Customer support: Deriv offers excellent customer support, which is available 24/7.
Cons of Deriv Copy Trading
- Cannot copy trade cryptocurrencies
- May lead to over-dependence on other traders
- Past performance does not guarantee future results.
- There is still risk involved in copy-trading
- The costs involved in Deriv copy trade may be significant.
How To Deposit & Withdraw On Deriv cTrader
There are two ways to deposit to your Deriv cTrader account. These methods can also be used for withdrawing.
- Log in to your main Deriv account and click on ”Cashier > Transfer”. You can then transfer from your main Deriv account to the Deriv copy trading account.
- Log in to cTrader Deriv and click on ”Deposit” on the left side. A box will appear that will allow you to deposit
The minimum deposit and withdrawal amount from the Deriv copy trading account is $5. However, it is important to remember that you will need to deposit the minimum investment amount required by each strategy before you can copy it.
Some strategies may have a minimum deposit of $50 while others may require $20 000 or more.
Tips for beginners opening a Deriv Copy Trading account:
- Start with a demo account: This will allow you to practice trading without risking any real money.
- Learn about the risks involved in trading. Trading can be risky, so it is important to understand the risks before you start.
- Take time to choose the right strategy to follow. Analyse the historical performance of the trader before committing funds.
- Only trade with money you can afford to lose: Trading is risky, and you could lose money. It is important to only trade with money you can afford to lose.
- Start small. When you are first starting, it is best to start small and gradually increase your trading size as you gain more experience.
- Do your research: Before you trade any instrument, it is important to research and understand the market.
- Use a stop loss: A stop loss is a trade order that automatically closes your trade if the market moves against you by a certain amount. This can help to limit your losses.
- Stay informed: Keep up-to-date with market trends and your providers' performance. Don't be afraid to switch providers quickly if needed.
How To Choose The Best Traders To Follow On Deriv Copy Trading?
It is important to choose a profitable strategy provider to reduce your risk and maximise your chances of getting a profit on Deriv cTrader. The following tips can help you find the best strategy provider.
The strategy provider should:
- Have a track record of at least 3 months
- Have maintained a positive profit margin in the recent past
- Have a small maximum drawdown
- Not trade extremely large lot sizes
- Maintain a certain amount of money in his account
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Conclusion On Deriv Copy Trading
The cTrader platform from Deriv is one of the best copy trading platforms for traders of all levels. With its advanced features, customizable interface, and powerful tools, it empowers you to make informed trading decisions and maximize your profits.
Whether you are a day trader, swing trader, or long-term investor, Deriv copy trading has everything you need to succeed in the financial markets.
In this guide, we have covered the key features of Deriv copy trader and provided step-by-step instructions on how to get started, navigate the platform, and customize your trading experience.
We have also shared advanced trading tips and strategies to help you enhance your trading skills and achieve your financial goals.
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Frequently Asked Questions On Deriv Copy Trading
Deriv cTrader is a new copy trading platform that allows traders to copy the strategies of expert traders in real-time.
Deriv copy trading allows you to copy Forex currency pairs, Stock Indices, Commodities (Precious Metals and Oils), and Synthetic Indices.
cTrader Copy allows anyone to share their trading strategy for a commission, while others can search, copy, and invest using those strategies.
Yes, Deriv offers copy trading via the Deriv cTrader platform.