Where can I copy trades in India?
Copy trading is copying the moves and positions of an experienced trader. Copy trading is becoming increasingly popular, with many novice traders using it to learn and trade profitably. Copy trading has also reached India. A trader can copy trades in India on local or foreign regulated platforms that accept clients from India. You can copy trades on the best copy trading platform in India and make a profit.
This article discusses what copy trading is, whether it is legal in India and what the best copy trading platforms in India are, as well as profitability and cost of copy trading in India.
Do you want to start trading Forex? Open an account on RoboForex!What is copy trading?
Copy trading is a method of trading in which traders can copy positions managed and opened by other investors. It offers many benefits, such as:
showing trading analytics of investors to be copied;
allowing traders to distribute equity among multiple traders with different trading instruments and strategies;
offering an option to stop copying trades when certain risk tolerance is reached;
setting maximum risk level for particular investments.
Traders can use modern platforms and this method to make money by copy trading. It is an ideal way for both experienced and novice traders to diversify their portfolios and maximize their gains.
Is copy trading legit in India?
Yes, copy trading is legal in India as long as the broker you are using is properly regulated. Copy trading can be a great way to diversify your trading portfolio and take advantage of experienced traders’ strategies. It is important to do your research when choosing a platform and to make sure you understand the risks associated with copy trading.
Best copy trading platforms in India
There are plenty of copy trading platforms in India. These platforms have a variety of features and are regulated.
The top three copy trading platforms in India are listed below.
RoboForex
RoboForex is the finest copy trading platform in India for beginners. It has 12,000 instruments and eight different asset classes. Traders can adjust their copy trading options on RoboForex to include their preferred features. You can find the best traders to copy on RoboForex's Traders Rating tab. If you want to see only certain assets or instruments, you can filter the results by the items you want to see.
RoboForex is regulated by the local regulatory authority of Belize. However, it’s not as regulated as other platforms on this list. Its "Traders Rating" tab lets traders find the best traders to copy.
eToro
The U.S., Australia, and Cyprus regulate eToro. This broker created the largest social trading network. Its user-friendly platform features numerous trading tools. At eToro, a $50 minimum deposit is required. Copy trading does not require a separate account.
The platform offers over 2,000 instruments, including CFDs, cryptocurrencies, and Forex. It is a globally authorized and reputable broker that provides copy trading on the web or mobile devices. Additionally, it offers detailed statistics on signal providers and extensive risk management settings.
AvaTrade
AvaTrade is a well-known name in social and copy trading. It is governed by the top seven international bodies, including the Central Bank of Ireland. Together with MQL5, DupliTrade, and ZuluTrade, AvaTrade offers the best trading services.
In India, the platform is well regulated and secure. AvaTrade has a feature that shows the ranking of each copy trading signal provider.
Additionally, a trader can access other traders' trading histories and risk management techniques and set risk limits based on their risk tolerance.
Is copy trading profitable in India?
Copy trading in India can be a profitable venture as long as you choose the right platform, use sound risk management strategies, and stay informed about the markets. By following successful traders and taking advantage of their insights, you can potentially increase your profits.
However, it is still important to do your own research, as copy trading involves risks and should not be seen as a get-rich-quick scheme. Overall, with the right approach, copy trading can be a great tool to help you increase your profits in the Indian markets.
Is copy trading free in India?
eToro provides copy trading for free; however, you pay a small standard fee. The minimum deposit for copy trading in India varies from $5 to $200 depending on the platform. Copy trading platforms do not charge money for creating accounts; they charge management fees.
FAQ
What are the risks of copy trading in India?
Copy trading is copying someone else's trades. The main risk is that even a successful trader can fail at times under the influence of unpredictable market factors or their own mistakes. That is why it is important to diversify your copy trading portfolio and subscribe to several traders to reduce risk.
Can I make a living from copy trading in India?
Copy trading can be a viable way to make a living in India, but success requires careful research and analysis. Traders should look at the performance of the traders they are copying, as well as how much risk they are willing to take and how they trade. They must also be mindful of legal and regulatory issues, as copy trading is not allowed in every jurisdiction. Furthermore, traders must also be aware of potential losses, as copy trading involves a certain degree of risk. Ultimately, whether or not one can make a living from copy trading in India depends on their ability to choose successful traders and manage the risks associated with copy trading.
How can I start copy trading in India?
To start copy trading in India, you need to find a reputable copy trading provider, open an account, and fund it. Then you can search for good traders to copy and start trading. It is important that you do research on the traders you are copying, as well as familiarize yourself with the copy trading provider’s terms and conditions. Additionally, make sure you understand the risks of copy trading before committing any money. With the right knowledge and strategy, you can start to make successful trades and build a solid portfolio.
Is copy trading automatic in India?
Copy trading is an automated method of trading that has become increasingly popular in India. This type of trading allows investors to copy the trades made by other successful investors, replicating the same portfolio and reaping the rewards of their success. This type of trading is automated, meaning that once the investor has made their selections, the trading process will be carried out without additional manual input.
Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
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.