BestoCopy Review

  1. BestoCopy Review
    Petar Nola
    BestoCopy is a social trading provider in binary options. This kind of trading has been trending up among binary traders for a while now, mirroring the stellar growth of auto trading services such as the Binary Options Robot. In many ways, BesToCopy is an auto trading service since it includes binary signals that are traded... Read more
    BestoCopy is a social trading provider in binary options. This kind of trading has been trending up among binary traders for a while now, mirroring the stellar growth of auto trading services such as the Binary Options Robot. In many ways, BesToCopy is an auto trading service since it includes binary signals that are traded on behalf of the customer. However, here, signals are generated by other users who are experts. A network is created between traders, where ones with little knowledge in trading, copy trades from successful traders thereby increasing their own chances of success. Read about social trading with broker trading platforms BesToCopy uses simple schema to show how it works: Sign up Deposit Copy BesToCopy Signing Up BesToCopy uses a fun interface, where traders can immediately get an account with their recommended broker. In our case, it was OptionWeb. This is great since it does not require a separate login as Investocopy, its competitor does. This means that as soon as customers create an account with BesToCopy, the broker account is ready and set up. The broker we were assigned with BestoCopy was OptionWeb. It's one of our top brands, so we were happy to sign up. If you want a bigger selection of brokers or you are looking for a similar auto service with US brokers, try BinaryOptionsRobot BesToCopy Demo Account Setup One problem we are having with the BesToCopy is the fact that in order to set up a demo account one must enter the website as if one wants to sign up and then decline the window that pops out. after that the top left info corner will show “demo account” and one can follow experts in binary trading and watch one’s virtual profits grow. Depositing with BesToCopy Broker Depositing is also easy because the broker account is directly linked with the BestToCopy account. All trader needs to do is click deposit and an in-page window will open. From there, the customer can choose the amount she wants to deposit and the method of payment. Minimum deposit: $200 Minimum trade: $50 BesToCopy minimum deposit is $200, however, the site recommends traders start with trading after depositing $500. This kind of beginning makes sense since, with $50 minimum trade, BesToCopy might easily deplete smaller accounts in case you make a mistake of choosing a losing expert or someone on a bad streak. With $500 traders have enough financial cushion to weather any kind of possibly problematic market scenario. This is important because when the win rate of selected experts one is following goes back closer to the mean (reversal to the mean) the additional capital available for recuperating one’s losses will be needed. In case Bad streak depletes the whole deposit just because it was minimal, the money is lost without the capacity to get it back. This is a fringe, tail risk - meaning not likely to happen, however, it is better to err on the good side and make sure one is cautious. Also, if one sets higher minimum trade amount, the invested amount might fluctuate more, so it is important to secure the lower bound is not reached. Choosing the Trading Expert to Follow On the BesToCopy dashboard, to the right, trader can find the list of experts that are trading on the platform. The profile of each of them includes the success rate, winnings so far and other information important to reach a decision. Traders can simply choose the most successful ones, however, these are just average figures. If you know how you want to structure your portfolio, we suggest looking for some less popular, but more specialized experts. After the expert has been chosen, a click to the “Follow” button is necessary to add his trades to the left. There you can see experts followed and trades that are being placed. The dialogue to add the expert to your BesToCopy portfolio will offer several options: time period: how long will you be copying trades from this expert trade amount: how high will be investment per each trade total amount invested: how much altogether do you want to invest trough this expert’s trades add the expert dialogue can be set so that traders can also select specific assets they believe this expert is good at trading In the dashboard, each trader can track their own portfolio composition as we track ours for the Binary Options Robot results. This is very nice since it enables more insight into the portfolio that is essentially made up of trades of several traders. After everything has been set up, traders only need to track the success rates and set their preferred experts and assets if they believe the portfolio can be optimized to gain more profit from the invested capital.
    4.5

    bestocopy latest trades fair binary optionsBestoCopy is a social trading provider in binary options. This kind of trading has been trending up among binary traders for a while now, mirroring the stellar growth of auto trading services such as the Binary Options Robot. In many ways, BesToCopy is an auto trading service since it includes binary signals that are traded on behalf of the customer. However, here, signals are generated by other users who are experts. A network is created between traders, where ones with little knowledge in trading, copy trades from successful traders thereby increasing their own chances of success.

    Read about social trading with broker trading platforms

    BesToCopy uses simple schema to show how it works:

    1. Sign up
    2. Deposit
    3. Copy

    BesToCopy Signing Up

    BesToCopy uses a fun interface, where traders can immediately get an account with their recommended broker. In our case, it was OptionWeb. This is great since it does not require a separate login as Investocopy, its competitor does. This means that as soon as customers create an account with BesToCopy, the broker account is ready and set up. The broker we were assigned with BestoCopy was OptionWeb. It’s one of our top brands, so we were happy to sign up.

    If you want a bigger selection of brokers or you are looking for a similar auto service with US brokers, try BinaryOptionsRobot

    BesToCopy Demo Account Setup

    One problem we are having with the BesToCopy is the fact that in order to set up a demo account one must enter the website as if one wants to sign up and then decline the window that pops out. after that the top left info corner will show “demo account” and one can follow experts in binary trading and watch one’s virtual profits grow.

    Bestocopy results fair binary options

    Depositing with BesToCopy Broker

    Depositing is also easy because the broker account is directly linked with the BestToCopy account. All trader needs to do is click deposit and an in-page window will open. From there, the customer can choose the amount she wants to deposit and the method of payment.

    • Minimum deposit: $200
    • Minimum trade: $50

    bestocopy gurus trading expertsBesToCopy minimum deposit is $200, however, the site recommends traders start with trading after depositing $500. This kind of beginning makes sense since, with $50 minimum trade, BesToCopy might easily deplete smaller accounts in case you make a mistake of choosing a losing expert or someone on a bad streak.

    With $500 traders have enough financial cushion to weather any kind of possibly problematic market scenario. This is important because when the win rate of selected experts one is following goes back closer to the mean (reversal to the mean) the additional capital available for recuperating one’s losses will be needed. In case Bad streak depletes the whole deposit just because it was minimal, the money is lost without the capacity to get it back.

    This is a fringe, tail risk – meaning not likely to happen, however, it is better to err on the good side and make sure one is cautious. Also, if one sets higher minimum trade amount, the invested amount might fluctuate more, so it is important to secure the lower bound is not reached.

    Choosing the Trading Expert to Follow

    add expert to followOn the BesToCopy dashboard, to the right, trader can find the list of experts that are trading on the platform. The profile of each of them includes the success rate, winnings so far and other information important to reach a decision. Traders can simply choose the most successful ones, however, these are just average figures. If you know how you want to structure your portfolio, we suggest looking for some less popular, but more specialized experts.

    After the expert has been chosen, a click to the “Follow” button is necessary to add his trades to the left. There you can see experts followed and trades that are being placed. The dialogue to add the expert to your BesToCopy portfolio will offer several options:

    • time period: how long will you be copying trades from this expert
    • trade amount: how high will be investment per each trade
    • total amount invested: how much altogether do you want to invest trough this expert’s trades
    • add the expert dialogue can be set so that traders can also select specific assets they believe this expert is good at trading

    portfolio bestocopy fair binary options

    In the dashboard, each trader can track their own portfolio composition as we track ours for the Binary Options Robot results. This is very nice since it enables more insight into the portfolio that is essentially made up of trades of several traders.

    After everything has been set up, traders only need to track the success rates and set their preferred experts and assets if they believe the portfolio can be optimized to gain more profit from the invested capital.

  2. Your capital is at risk
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