This investment method which is ideal for beginner investors was originally only to be found on Forex trading platforms but is becoming increasingly available through binary options brokers.
The CopyOp social trading platform firstly offers the advantage of being particularly stream lined and comprehensible which greatly facilitates its usage. In only a few clicks you can easily find the detailed profiles of traders and their actions.
Another particularity of CopyOp is its calculation function based on the choice of human traders and not on an algorithm that does not take psychological effects into consideration. With this method you are able to copy the options of the most profitable traders on the platform in an automatic manner.
CopyOp therefore enables beginner investors to make money fast and without any particular knowledge of financial markets or binary options, this of course represents a major advantage for new traders wishing to learn how to trade in binary options while starting to make profits.
However CopyOp also offers advantages for experienced traders who wish to share their knowledge and strategies on this social trading platform. In fact, each time a trader copies the position of an experienced trader the latter is rewarded through a system of ‘coins’ that can then be exchanged for bonuses.
Finally, you should know that CopyOp is managed by the broker AnyOption, it benefits from the approval of CySec and is therefore a totally secure and reliable trading platform.
It is difficult to find any disadvantages in the CopyOp social trading platform; the functions are so well designed and the interface is very easy to use. However there are a few points that could be improved that we have found in our in-depth search.
Firstly, the number of assets available is relatively low which should change with time to enable a greater diversity of investments and an increase in the trading hours.
Another point that could be improved is the absence of a discussion forum such as can be found with other online Forex brokers that offer social trading. However, the emphasis has been placed on the simplicity of use of the CopyOp platform which is not cluttered by superfluous elements.
To summarise, CopyOp represents a very pleasant surprise and is a benchmark in binary options social trading that we would recommend to all investors wishing to begin in this type of investment.
Creating an account with CopyOp only takes a few minutes and enables you to start making money immediately by copying the best traders before you yourself become a trader to follow.