Copy trading is a new trading mechanics that is available on Binomo platform. 

This feature lets you copy other traders’ moves. For beginners, it’s a simple way to start trading and learn as they go. If you’re more experienced, you can share your trades and earn a commission when others copy you.

Let’s find out how Copy trading works in detail.

Other traders

In the Traders tab, you’ll find other traders’ cards. You can sort them by gain and commission. 

Each card shows the trader’s statistics and trade history. Study it to pick the best traders to copy. Pay close attention to gain — it shows how much profit they’ve made compared to what they invested.

You can start copy trader right on their card.

Copying process

To copy the trader, set the copying amount, trades limit,  and each trade amount.

Those are limits — once copying reaches one of them, it stops automatically. For example, you set a copying amount of $100. If the trader loses this amount, your copying will stop.

When ready click the Copy button. You can stop the copying anytime by hitting the Stop copying button.

My card

In your card, you can see your statistics and set the commission you wish to get from copied trades. 

The commission is a share of the profit you earn if trades copied from you succeed. Maximum — 30%. Commission deposits to your real account along with the profit of your trades.

Notifications

Keep an eye on the Notifications section. It’ll let you know if traders you copy change their commission or restrict copying.