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

The registration procedure on Pepperstone will take about 15 minutes. In addition, verification is mandatory. The documents are considered within 48 hours.

• 1

  First, you need to specify your email and confirm it. On the first screen of account registration you can also select an instant registration via your Facebook or Google account.

  
• 2

  Next, you need to provide basic information about the account. The email will be filled out automatically, as you’ve already provided it. Therefore, you will need to fill out the following information:

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    Account type (individual, corporate);

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    Country of Residence

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    Password.

  
• 3

  Next you will need to provide basic personal information. Fill out the following details:

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    Country of Residence (by default the country you already specified);

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    First Name;

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    Last Name;

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    Date of Birth;

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    Building Number and Street Number;

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    Street Name;

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    City;

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    Postcode;

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    State/County;

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    Nationality;

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    Mobile Phone;

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    Place of Birth.

  
• 4

  The next step is setting up their trading account. In particular, you need to select the trading account type here. The trading account type is of no significance for copy trading, which means you can select the one with the best trading conditions for you. Copy trading on Pepperstone is available on three platforms:

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    MetaTrader 4;

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    MetaTrader 5;

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    cTrader.

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    TradingView.

  You will also need to select the leverage and account base currency here. In addition, in this form you can provide the referral link (if available) and set the password for the trading platform.

  

• 1

  In order to copy trades on MyFxBook, you will also need to register there. It is quite simple. You need to access the platform and press Sign Up. Next you will need to fill out a form, providing the following details:

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    Account type (individual, corporate);

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    Country of Residence

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    Password.

• 2

  After this, you enter Captcha and agree to the Terms of Service and Privacy Policy and click Submit. You will receive a confirmation letter to the specified email. As soon as you confirm registration, you will be able to access the account and continue setting up the copy trade options.

  

• 1

  First you need to download the platform to your PC or laptop, because trading here is only available on the desktop.

  
• 2

  Then access the official MyFxBook website, login and open the traders’ table. Select a strategy provider and open his/her profile. Here, you can see the statistics and read the reviews. In order to read about Pepperstone MyFxBook reviews, click on the Discuss button.

  To connect to copy trading, download the CSV file. You will find the button in the profile of a strategy provider. The file contains the trader's history and settings for copy trading.

  

  
• 3

  After you’ve downloaded the CSV file, you need to open the MetaTrader 4 platform and log in. In the top menu select File, and in the pop-down list click on the Open Data Folder.

  

  

  A window with a folder will open, containing the files with settings for copy trading. You need to add the CSV file, which you downloaded from the MyFxBook website, to the Files folder.

  
• 4

  After this, you need to download a special script for copying trades from the official MQL5 store. You need to open it and add the name of the CSV file there, ticker of the instrument, the trades of which will be copied and also the time zone. The script must be added to the Scripts folder. After this, the settings are done and the trades will be automatically copied to the MT4 trading platform.

  

Pepperstone does not charge additional commissions for copy trading. The trades are charged with the standard spread or a fixed commission. The option are as follows:

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  Average spread on EURUSD – 1.1;

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  Commission – 3.76 USD per lot (for trading on the MetaTrader 4 platform).

Pepperstone is licensed by highly respected regulators. In particular, the company holds the following licenses:

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  Australia – ASIC AFSL No. 414530;

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  UK – FCA No. 684312;

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  Germany – BaFin No. 10151148;

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  Cyprus – CySec No. 388/20.