ExpertOption Сopy Trading Review

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

To start copy trading on ExpertOption, users need to log in to their account, choose an account type, fund their balance, with the minimum deposit starting from $10, select a trading asset, activate the copy trading feature, and monitor their trading performance.

This article explores how ExpertOption copy trading service works, how to get started with the service, and the key factors traders should consider before using it. It also examines the potential benefits and risks of copy trading, along with common questions regarding the platform’s safety and overall effectiveness.

What is copy trading?

ExpertOption Review

Go to broker

Your capital is at risk.

Copy trading is a strategy that allows traders to mirror the positions or portfolios of another trader. When the original trader opens or closes a position, the same action is replicated in the account of the person copying. This approach is particularly beneficial for newcomers to the trading world who may lack the expertise, time, or commitment to analyze markets in-depth.

The process can be either manual, where the copier chooses which trades to replicate, or automatic, where all trades of the chosen trader are copied. Essentially, copy trading links your account and the trader you're copying. Their wins become your wins, but your account also mirrors their losses. This method offers a more passive trading experience, as the bulk of the decision-making rests on the shoulders of the trader being copied.

ExpertOption copy trading pros and cons

Low level of the minimum deposit, from $10

Lack of a license to provide services and a regulatory body for the broker
The company does not cater to clients from countries such as the United States, Canada, Switzerland, New Zealand, North Korea, Puerto Rico, Bangladesh, Yemen, Indonesia, Singapore, Sudan, and the European Economic Area
Funds can be credited to the deposit within 45 days (depending on the payment system)
The funds of the company's clients are not protected in any way

How to get started with ExpertOption copy trading

ExpertOption, a binary trading platform, allows copy trading. Here’s how to do it:

Account access. Begin by signing into your designated ExpertOption account, ensuring you have the correct credentials.

ExpertOption copy trading

Account type. The transition from a demo setup to a genuine trading account if that's your current status.
Funding. Fund your account with funds, noting the $10 minimum deposit requirement.

ExpertOption copy trading

Asset selection. Decide on your preferred trading asset: stocks, cryptocurrencies, Forex, or other commodities.
Social trading. Navigate to the social trading realm by tapping the Social icon on the screen's right.
Understanding data. Within this section, various symbols and metrics await, like the Opened Dealsgraph, which reveals active deals for your asset.
Individual trader insights. Engage with a trader's profile by clicking their icon, revealing key details that can influence your copy decisions.
Popular assets. This segment highlights the most favored assets and their top traders, granting a peek into prevailing market inclinations.

How to find the right trader to copy?

Proven track record. When considering a trader to emulate, delving deep into their trading history is essential. Evaluating their performance over an extended period, such as a year or more, provides a clearer picture of their expertise. The traders who consistently demonstrate stability and growth over the long haul tend to be more trustworthy, as opposed to those who might have had a few short-term successes.
Returns. Consistency is the hallmark of a proficient trader. While the trading world is rife withups and downs, the best traders consistently yield positive returns. Occasional big wins might be enticing, but what truly matters is a trader's ability to maintain steady gains over time, minimizing losses.
Confidence. A trader's commitment to using their funds in their trading endeavors speaks volumes about their confidence. When a signal provider trades with a real account and risks their capital, it underscores their belief in their strategies and decisions. This kind of skin in the game strongly indicates a trader's trustworthiness.
Number of followers. In copy trading, popularity can be a testament to capability. A trader with a substantial following likely has a track record of success. A large follower base suggests that many deem the trader reliable, having benefited from their expertise in the past.
Risk level. Every trader has a unique risk tolerance, and aligning with a trader whose risk appetite mirrors yours is crucial. Before copying, assess the trader's risk-taking tendencies. Whether conservative or aggressive, ensure their approach resonates with your comfort level and financial goals.
Historical drawdown. Drawdowns, or the declines in an investment or account, are inevitable intrading. However, understanding a trader's historical drawdowns can offer insights into their risk management prowess. A trader who effectively navigates and minimizes these downturns showcases resilience and a keen understanding of market dynamics.

ExpertOption copy trading costs

ExpertOption stands out for its transparent fee structure. Unlike many platforms, it doesn't charge spreads or commissions. Additionally, there are no fees for deposits or withdrawals. The only charge to be aware of is an inactivity fee of $10 per month. This fee is only applicable if your account remains dormant for an extended period.

Is ExpertOption copy trading safe?

ExpertOption has established itself as a reliable broker in the trading community. Its features and functionalities are genuine, and the platform offers a robust security framework. Furthermore, the convenience of copy trading extends to its mobile app, allowing traders to replicate trades on the go.

Following experienced traders can help beginners learn market behavior

For newer traders, copy trading can make the market feel less intimidating because it removes part of the pressure of making every decision independently. I’d still treat it as a learning tool rather than a shortcut to guaranteed profits, especially in binary options trading where market movements can be highly unpredictable.

The biggest mistake many users make is copying traders based only on recent returns without looking at consistency, drawdowns, or risk exposure. A trader with smaller but more stable results is often a safer choice than someone showing aggressive short-term gains.

Conclusion

ExpertOption copy trading provides users with a more accessible way to participate in financial markets by allowing them to replicate the trades of other traders automatically or manually. The platform offers a relatively simple setup process, low minimum deposit requirements, and access to multiple trading assets, making it appealing to newer traders interested in social trading features.

However, copy trading should not be viewed as a guaranteed source of income. Success depends heavily on the quality of the traders being copied, market conditions, and individual risk management practices. Traders should carefully evaluate performance history, risk levels, and platform conditions before committing real funds to copy trading strategies.

FAQs

What are the best copy trading platforms?

The top contenders are RoboForex, 3Commas, and eToro, each offering unique features catering to different trader needs.

Is ExpertOption mobile trading real or fake?

ExpertOption mobile trading is genuine, providing traders a seamless experience on their mobile devices.

Can I make money by copy trading?

Yes, copy trading can be profitable, but like all trading, it comes with inherent risks.

Is copy trading illegal?

Copy trading is legal. Platforms sharing information, opinions, and trading signals operate within the bounds of the law.

Team that worked on the article

Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses that want to improve their Google search rankings to compete with their competition.

Learn about our editorial policies

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK.

Top 5 companies for you

United States