What is CopyOp?
CopyOp is a unique binary options social trading platform created in January, 2015, by Anyoption, the world’s largest binary options trading website. CopyOp is an innovative binary options social trading platform that allows the user to see the strategies and investments of top traders in either Anyoption or CopyOp, and copy their trades automatically or manually. Unfortunately, CopyOp does not accept US clients due to the restrictions that come with EU regulation. You can join the CopyOp binary options social trading community by simply opening an account with AnyOption or CopyOp. CopyOp is also available for free to all existing AnyOption clients.
CopyOp is the most popular Binary Options Social Trading site
You can open an account in either USD, GBP, or EUR. However, once you’ve seelcted a base currency you cannot change it. Your deposit can be made via credit/debit cards or by bank transfer.
You can open a CopyOp account without making an actual money deposit. This allows you to test the platform and see the traders which you may copy before risking any money.
CopyOp allows you to copy any trader on the Anyoption platform which it seamlessly integrates with. According to CopyOp, there are more than 10 million investments that you can copy annually! Copying can be executed automatically so the user can rest assured he did the same trade as the chosen top trader. Only traders who have real accounts and are using their own money for investing can get followed and copied.
You can decide to watch selected traders. This means that you will get a notification of the transactions they make as soon as they make them.
CopyOp has a “Coins to Cash” system. What this means is that if you are a successful trader, you will get advertised on the newsfeed of other traders. If other people copy your trades, you will be rewarded with CopyOp coins which can be turned into cash. You get 1 coin for each followed trade and 2 coins for each copied transaction. 60 coins can be exchanged for 10€, 250 for 50€, and 600 for 150€. Even when the trade ends up in a loss, the trader gets rewarded as it was previously mentioned.
When you copy a trade and it turns out to be successful, you will get up to 60% in profit. On the other hand if you lose on a trade, CopyOp will refund you with up to 15% of the amount. That being said, you will need a 58.62% success rate in order to reach your break-even point. To improve your chances of profiting, you can watch a trader and instead of choosing to copy the trade he makes automatically, you can do it manually. This way, you can achieve a payout that may reach 81% in total profit. Therefore, choosing wisely the traders you follow and doing transactions manually will be more profitable. If you don’t want to spend too much time following trades, you can always go back to automatic trading.
- CopyOp is backed-up by Anyoption, one of the most prestigious companies in the field of binary options trading.
- It’s easy to use.
- It’s suited for all types of traders. People with zero experience can benefit from copying the trades of expert investors. On the other hand, successful traders will get a monetary reward for being copied or followed. The average investor can learn from the trades made by more experienced traders.
- Risk of loss is limited. When deciding to copy a trader, you will be asked the types of assets, number of trades you want to copy and the amount of each trade. This way, you can know beforehand what is your maximum exposure to plan your risk management right from the start.
- There’s no conflict of interests. The trader you will be copying is risking his own money which means he will want that trade to be successful in the first place.
- It’s a safe platform. Alike Anyoption, CopyOp is accredited and regulated by the CySEC (Cyprus Securities Exchange Commission) under the license 187/12. Users can rest assured they are using a binary options social trading platform that has everything in order with the law.
- It provides the option for both automatic trading (saves time) and manual trading (increases profit) depending on your preferences.
The only con we can think of is that CopyOp currently doesn’t have a forum. Sometimes new traders benefit from forums to learn techniques and other tips related to binary options trading. However, users can contact the traders they are following and ask them any questions they would like, which is a pretty decent trade-off.
Anyoption nailed it when they decided to launch the CopyOp platform. Novice traders can learn how to trade by watching seasoned traders and they can also benefit financially from their moves by copying them either manually or automatically. Any trader will save time using CopyOp since he or she won’t have to perform market analysis for themself. Also, new traders will have a shorter learning curve using this unique platform. CopyOp is one of the best ways for an aspiring investor to make their first successful trades.
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