IQCent Copy Trade Service - Can You Make Money Copy Trading?

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Copy trading is a form of automated trading that allows investors to mirror the investment strategies and portfolio choices of other experienced and successful traders. IQCent copy trading service offers traders the opportunity to make money by copy trading on the platform.

This article will look at whether it is possible for traders to actually make money using copy trading as part of their investment strategy.

We will explore what IQCent offers and break down the pros and cons of this innovative investment service. We'll also touch on some tips for making successful trades when using a copy trading service such as IQCent's copy trading. With our IQCent copy trading review, you can decide if this is a good choice for you as an investor.

What does copy trading mean

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Copy trading is a unique form of investing that has become increasingly popular amongst traders. In simple terms, copy trading works by allowing individuals to replicate the trades of other successful traders at the same time. A copy trader may choose a more experienced and successful investor as their "mentor" and then set their platform to automatically monitor and replicate all of their mentor's trades.

This way, even if the trader does not have direct experience with stocks or investments, they can leverage the successes of someone who does. Additionally, it eliminates some uncertainty and anxiety associated with following complex market news stories or making decisions independently using limited resources or knowledge.

As a beginner in trading, copy trading provides an invaluable resource for building confidence and knowledge. By observing experienced traders, you can gain insight into trends, learn from their strategies, and take advantage of their success without making all the mistakes yourself. Through copy trading, you'll have access to real-time information that allows you to utilize your capital more efficiently and modify or abandon strategies quickly as new data comes in.

Additionally, copy trading is accessible - you don't need to have a deep understanding of fundamental or technical analysis before copying someone else's ideas and tactics. You'll make money off their knowledge. Of course, you have to choose the best traders, or you risk losing money whenever they do.

IQCent copy trading pros and cons

👍 pros:

Automate trades with the best performers

Transparent

Easy to use

👎 cons:

Very few traders to copy

No detailed analysis of the traders

How to get started with IQCent copy trading?

Looking to get into copy trading with IQCent? Their platform is easy to use and a great way to jump into the trading field.

IQCent copy trading

All you need to do is register your account and make a deposit, which can be done via VISA cards or any cryptocurrency the platform accepts. After that, simply click "Copy Trading" on the menu bar on the right side of the website, where you'll find ten expert traders listed for you to choose from.

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IQCent copy trading

Once you pick one out, everything is automated - all trades they take will automatically be executed in your accounts.

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How to find the right trader to copy

Finding the right copy trader can be daunting, but there are a few tips and tricks to ensure you find someone who meets your requirements. Let's look at key things to consider when searching for a copy trader that's right for your needs.

Number of trusted traders

One of the most important factors to consider is how many other traders have trusted this copy trader in the past. If they have a long list of satisfied clients, it's likely that they know what they're doing and can be trusted with your money.

Proven track record

What kind of returns have they seen? Are these returns consistent over time? Do their trades typically produce profits or losses? All these questions are important when evaluating a copy trader's success.

Risk score

Before investing with any particular trader, check their risk score from 0 to 10. Essentially, gauge how much risk they're willing to take on. It'll help you decide whether or not this matches up with your risk tolerance level.

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Number of trades and level of activity

Some traders may be more active than others and make frequent trades throughout the day, while others may opt for fewer but larger trades at certain intervals throughout the month or year. Knowing which style fits best with your goals can help narrow down potential candidates quickly.

Average trade size and maximum drawdown

Finally, consider the average size of each trade and their maximum drawdown percentage. These will give you an idea of how much risk each trade carries and how much capital loss could occur if something goes wrong during one or multiple trades. With this information in hand, you'll be able to better assess whether a particular copy trader is right for you.

What does IQCent copy trading cost

IQCent offers an affordable way for novices and experienced traders to get involved in copy trading. The deposits can range from $20 to over $1,000, so you can decide how much risk you want to take. The amount of possible commission will range from 1% to 2.5%, depending on how much you transact.

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Is IQCent copy trading safe?

IQCent provides a relatively safe trading environment for its users, keeping all client funds in bank accounts located in the European Union. Also, added layers of security are present such as the implementation of 256-bit SSL encryption, 3D Secure, and Visa/MasterCard Secure Code. Finally, whenever clients need to move their funds around, they can withdraw them into a crypto wallet of their choice. However, note that the company is not licensed or regulated by any known regulatory bodies.

FAQ

What is IQCent copy trading?

IQCent copy trading allows traders to replicate the trades of successful peers. It allows users to connect with more experienced traders, observe their strategies, analyze trade history, and more.

How does copy trading on IQCent work?

It connects investors with experienced traders and mirrors their trades in real time. The user's portfolio will be adjusted dynamically, depending on how experienced traders place their investments.

Does IQCent Copy Trading offer customer support?

Yes, the platform has a live chat feature with representatives available 24/7 to provide help at any time.

Is it safe to use the IQCent platform?

Yes, IQCent ensures that all user transactions are secure with advanced security measures such as 256-bit SSL encryption and 3D Secure.

Team that worked on the article

Andrey Mastykin
Author, Financial Expert at Traders Union

Knows about
Trading strategies, technical analysis, Forex, stock market, long-term investing

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.

He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.

Experience
Andrey's passion for finance began in 2009, and he has since accumulated extensive experience in trading and investing across various asset classes, including stocks, Forex, and cryptocurrencies.

He has spent over 15 years managing his own capital and working with financial portals, financial institutions, and IT companies, as a financial writer and analyst, further refining his investment expertise.

He is the author of several training courses on investing and trading in financial markets. Led multiple FX/Stocks/Crypto webinar educational presentations. Authored hundreds of articles on the global economy, stock, cryptocurrency, and Forex markets, along with trading strategies. He has also penned hundreds of professional reviews of financial firms.

Throughout his journey, Andrey has been heavily influenced by the works of renowned authors and investors like Benjamin Graham, Ray Dalio, Robert Shiller, and Nassim Taleb.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

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. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.