Some traders realized that improved internet technology opened the door to improve this type of trading by creating trading software to replicate online trades automatically. The first fully automated trading solutions were introduced to the market in the middle of the noughties. Users have the flexibility to select what proportion of trades they’d like to copy, and the option to scale up and down.
One thing that is great to see is the transparency of the traders, along with the Leaderboards section. Here you can find the top-ranked 500 traders, check out their stats and filter by the trader’s total P&L, their copier’s P&L, their followers, their ROI, and their AUM. Through bitget copy trading , customers can see upcoming launches, evaluate the strength of the project and ape in should they desire.
The exchange offers a comprehensive platform to trade digital assets, with over 400 cryptocurrencies available and a wide range of trading pairs. With over 8 million registered users and an average daily trading volume of $10 billion, Bitget is a trusted and reliable choice for both novice and experienced traders. The one-stop cryptocurrency exchange offers crucial and popular crypto services and features. Users on Bybit can easily sell and purchase crypto assets with a variety of payment methods or access the P2P market available for a hassle-free experience.
By being a part of the copy-trading community, you can connect with other like-minded traders, exchange ideas, and collaborate on various trading strategies. Copy-trading, also known as social trading, definitely works if you select trustworthy and regulated platforms/brokers. However, you should be aware that using copy trading does not guarantee your success. It does seem promising, but you should be mindful of its risks too. Also, note that eToro divides professional traders into four ranks Cadet, Champion, Elite, and Elite Pro, depending on their AUM, Copiers, risk score, and others. Therefore, the requirements mentioned in the above points are for only the Cadet rank, the basic level or 1st level of professional traders.
Overall, it ensures a seamless trading experience and has a futures platform for experienced speculators. All financial transactions incur charges, and Bitget is no exception. For its spot trading market, the Bitget platform charges a flat 0.1% for both maker and taker fees. For holders of its BGB token, the crypto exchange offers a 20% discount, making the fee 0.08%. This is very competitive in the market and comparable to top platforms we’ve reviewed such as Whitebit, Phemex and KuCoin.
Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade. Now, using the example of 7, 13 and 20 leverage, we will calculate the maximum position size you will have if you enter a position for 15% of the total deposit. You can tap on any trader’s avatar to enter their profile page, where you’ll find detailed information about their orders, followers, and Insights. We recommend that you do so on our website for a more comprehensive showcase of their track records.