3 Reasons Why Copy Trading Is So Popular

It was strictly against the rules in school. But copying from someone more knowledgeable than you when you’re trading online isn’t only allowed, it’s encouraged.

With a flurry of available copy trading apps, and more traders joining, it’s easy to see that copy trading has become more and more popular over the past few years.

But how? For those who are unfamiliar with copy trading, here are a few reasons why copy trading is catching on.

Practice Smarter, Not Harder

First-time skydivers connect to a more experienced pro when they jump out of an airplane for the first time. New traders choose to copy trade for a very similar reason. It takes a lot of the risk out of the experience. It’s also an easy way to learn the ropes. All you have to do is follow a more experienced trader and copy their moves. By doing that you can potentially profit from their strategies, while also avoiding costly amateur blunders.

Learn Quickly and More Easily

To become a profitable trader you need to understand the markets, and how they move. That can take time, and not every trader can devote several hours every day to learning. By copy trading, traders who have more experience make trading decisions for you, until you’re able to develop your own strategies. The technology is smart, slick, and user-friendly, making copy trading a practical way of quickly learning how to trade.

Diversify Your Portfolio and Grow Your Returns

Traders use copy trading to venture out into new markets by following and copying from traders with more experience in those markets. By broadening their trading horizons even more experienced traders can learn by copy trading. It’s a great way to diversify a trading portfolio without taking on a lot of risks. And as traders become more seasoned, they benefit through copy trading by sharing their trading successful strategies and growing their network.

How to Start Copy Trading

To start copy trading, you need to create an account with your chosen broker and download their copy trading app.
Once you’re logged in to the app, you can browse through the trader’s performance data and strategies, and choose one who has a good track record of consistent profits.
Once you’ve chosen your trader, you can set the amount you’re willing to invest. It’s always a better idea to start with a small portion of your income and increase it as you become a more savvy trader.

Lastly, observe! Analyze what other traders are buying and selling. Both novice and seasoned traders can benefit by watching what other traders are doing.

FP Markets granted a “Best Trade Execution” award at the Ultimate Fintech Awards 2022

FP Markets got Best Trade Execution award

FP Markets celebrates its 17th year anniversary and continues its award-winning streak by receiving the “Best Trade Execution” award.

ASIC-regulated global CFD and Forex broker FP Markets has received a prestigious award “Best Trade Execution” at the Ultimate Fintech Awards 2022 ceremony taking place on the final evening of the iFX EXPO International at Columbia Beach in Limassol.

This Australian-regulated global Forex Broker FP Markets offers over 10,000 trading instruments offering traders access to CFDs across Forex, Indices, Commodities, StocksBonds and Cryptocurrencies, making it one of the largest offerings in the industry and offers eight platforms, including MT4, MT5 & Iress. 

Craig Allison, FP Markets Head of Europe, Middle-East, and Africa, commented: “We are delighted to be recognised as the industry-leading fintech for trade execution and receiving this prestigious award is confirmation that our hard work and commitment to excellence are appreciated by our clients and recognised within the industry.   The “Best Trade Execution” award recognizes and rewards the company that consistently offers their clients competitive pricing, fast execution, market-leading technology, and service excellence and at FP Markets we pride ourselves on these attributes and always providing our clients with the ultimate trading experience.”

An Ultimate Fintech Award is a high recognition award among the online trading space fintechs. Ultimate Fintech has years of experience in the fintech which helped them to set high standards for both brokers and B2B service providers and show traders what they should consider when selecting the best companies to trade and do business with.

BDSwiss Receives Best Spreads and Trading Conditions 2022 Award by International Investor

Bdswiss Best Spreads and Trading Conditions 2022 Award

Leading financial services multi-asset broker BDSwiss was recently awarded with the “Best Spreads and Trading Conditions-2022” by International Investor Magazine, the awarding body and financial magazine.

The International Investor is a financial publication about investments and high-profile business. Every year the magazine’s award is dedicated to recognizing excellence in all industries across the globe. By granting the award International Investor highlights the businesses that remain steady in delivering first rate service, opportunity, innovation, and performance.

One of the prestigious awards from long list of accolades, the Best Trading Conditions award was presented to BDS Markets, a BDSwiss brand company. It is a Mauritius regulated group with more than 1.5 million registered clients, in over 180 different countries. This IIM award only proves BDSwiss’ globally trusted market presence and its dedication to exceeding client expectations by offering the best possible trading service and conditions. Following its consistant recognition in 2021, BDSwiss has renewed its commitment to delivering a world-class client experience in 2022. This time the broker combined the best of it – competitive pricing, exceptional execution speeds, and full transparency with regards to its services. 

In his latest feature on International Investor Magazine, BDSwiss CEO Nicolas Shamtanis shared his insights on how today’s fintech financial services firms can optimise client satisfaction, loyalty, and lifetime value by investing in digital and operational excellence:

“Brokers need to consider client experience as a decisive factor in their ability to achieve sustainable business growth. As fintech innovations and democratised access to the global financial markets become mainstream, value-added services including a best-in-class trading environment, real-time personalisation and access to quality financial education and research could become key differentiators for a fintech company.

In line with our mission to democratise finance for all, at BDSwiss we have committed to continue to deliver bespoke trading and investing fintech solutions under a comprehensive one-stop-shop, while providing our clients with the tools, conditions, support, and education they need to forge their financial future.”

HFM Expands Offering by Adding Physical Stocks

HFM Physical Stocks

International multi-asset broker expands its product portfolio with commission-free stocks, welcoming investors to explore even more opportunities.   

Award-winning global brokerage HFM has announced about some additions to its wide range of products. The company now offers more than 2,000 high-value physical stocks to invest with, providing them with zero commission. 

This new trading opportunity allows HFM clients to buy fractional shares for as low as $5. As the direct access to the largest stock exchanges is provided on HFM platform, investors will get real-time prices for market-leading stocks like Amazon, Apple, Alphabet, Tesla and many more.      

An HFM spokesperson said: “Every new product we offer is driven by investor demand in order to offer our clientstailored investment solutions. We are very excited that our clients will now be able to diversify their portfolios with shares from some of the biggest global conglomerates. This is just the first step in our long-term vision to become a one-stop broker destination for traders worldwide.” 

HFM is an internationally acclaimed Forex and commodities broker to over 3.5 million live accounts worldwide. The company offers a wide range of investment options across all major asset classes and unparalleled trading conditions, coupled with cutting-edge technology and multilingual support. 

Learn more on the HFM website

Global Broker Axiory Launches Its Successful No Deposit Bonus Once Again

Global Broker Axiory Launches Its Successful No Deposit Bonus

Multi-asset brokerage, Axiory, has relaunched its highly successful 25 USD No Deposit Bonus to give traders access to its 100s of products and CopyTrade platform at no cost. 

Following a highly successful run in 2021, the No Deposit Bonus is back with a twist; traders can now trade live instantly upon opening a live account with Axiory. 

“While we’ll always prioritize compliance and security, we’re aware that every second in the market counts,” said Roberto d’Ambrosio, CEO and Director of Axiory. “So, we’ve built a system that allows clients to start trading live within minutes while maintaining a smooth and controlled verification system.” 

Roberto d’Ambrosio, CEO and Director of Axiory
Roberto d’Ambrosio, CEO and Director of Axiory

The No Deposit Bonus is Axiory’s way of giving traders a helping hand and the opportunity to experience real live trading with a broker before investing. It’s also an opportunity to allow people to get to know the broker, its services and support team. 

“Traders need to familiarize themselves with a broker, and what’s better than trading live with the broker before investing their own hard-earned money?” said d’Ambrosio. “We understand concerns traders may have and are determined to give them the best services possible, support them, and show them why Axiory is a good choice with actions, not only words.”

The Axiory 25 USD No Deposit Bonus went viral in 2021 as traders rushed to take advantage of this opportunity. Following significant upgrades, introducing new products and services, and a complete rebrand, the award-winning broker is bringing the bonus back for new traders to take advantage of.

In addition to trading live, Axiory clients have access to award-winning education including videos, articles, webinars, and a dedicated market news and educational portal Axiory Intelligence. With the full support of Axiory’s customer care team, clients are able to take full advantage of the bonus and make the most out of it. 

Traders can get the bonus and start trading instantly by simply opening a live account with Axiory. 

BDSwiss Launches its Latest Trade Mentoring Tool

The leading Forex and CFD investment services institution BDSwiss has recently announced the launch of its proprietary performance analytics tool – Trade Companion. This tool was designed to provide traders with the insights they need to monitor, analyse, and improve their personal performance.

BDSwiss - Trade Companion.

For over 10 years since its establishment, BDSwiss has been working on diversification and improvement of trading experience for their traders. However, with all the variety of aids for analysing and interpreting market trends, traders were lacking a tool that offered personalised analysis on real-time data derived from their own trading performance. This was the main reason for designing and developing Trade Companion. 

After rigorous testing and the release of a beta phase to a select group of BDSwiss clients, Trade Companion is now available exclusively for VIP and Raw account holders as a free virtual trading mentor.

Exclusive Personal Analytics Tool

Trade Companion allows BDSwiss existing traders to observe underlying patterns in their trading. By examining their own trends, such as their ‘win-loss percentage’, ‘pay-outs’, and ‘most traded assets’, traders can now refine their trading strategies and make the most out of potential market entry points as they appear. The aim of this innovative tool is to offer traders an overview of their trading history and performance by displaying their preferred trading times, most used position types, and more.

This tool is available directly on the BDswiss Dashboard, and equips traders with the following key performance metrics:

  • Asset Analysis: A comprehensive analysis of which assets resulted in trading wins and/or losses over a select time frame, along with pay-outs. 
  • Personal Trading History: An overview of volume, pay-outs, and profitability ratios that helps traders understand which asset classes they traded the most, and which trades resulted in maximum wins. 
  • Analysis of Trade Durations and Times: Featuring scores of useful data, such as the impact of market opening times on trading performance, duration and profitability of open trades, order types, and more, these key metrics can help traders identify which trading times, market sessions, and order typeshave benefited them the most and are best suited for their trading strategies.

Committed to Addressing Traders’ Needs 

BDSwiss’ latest tool, Trade Companion, offers traders the personal insights they need to identify their areas of improvement, trade with greater confidence, and unlock their true potential. BDSwiss Chief Commercial Officer, Manos Iosifakis commented on the launch: 

“We all tend to have a biased view of our own performance. Our decision-making is less rational than we think, and that’s where Trade Companion comes in. Trade Companion can be seen as a virtual private trading mentor of sorts, and we are delighted to be offering our clients a unique tool that enables them to gain deep personal insights into their own trading patterns and performance so they can establish more successful habits.

Having access to a visual representation of trading performance is useful in analysing personal trading patterns and in identifying what elements of one’s strategy need to be tweaked. As the only tool of its kind on the market, Trade Companion is a testament to our long-standing commitment to our clients’ success and our continuous efforts in offering the most contemporary trading tools available in the market.”

FP Markets launches the FP Markets Partners Hub for IBs & Affiliates

The newly launched Partners Hub from the FP Markets provides in-depth informative articles and tips for IBs and Affiliates as well as marketing materials for partners. These tips and tools aimed to teach partners maximize their earning potential.

FP Markets Partners Hub

Global CFD and Forex broker FP Markets has launched its informative Partners Hub for IBs & Affiliate Marketing experts. This new unique Hub is not only offered as a benefit for the new Partners to join FP Market, but also it is used as a meeting point between Brokers and Affiliates. Having a competitive volume-based rebate structure, FP Markets becomes a perfect deal for IBs and Affiliates. 

The new and exclusive Partners Hub is aimed to enhance partners experience and help them learn and develop. In addition, partners receive different useful tips and advice, as well as latest company and partners news and events to ensure that they do not miss any of the many opportunities available from FP Markets. IBs and Affiliates are provided with advanced tools, such as content feeds, articles, eBooks, FAQs and webinars. 

FP Markets Head of Partners, Michael Roussos commented “FP Markets is heavily invested in its Partners and provides some of the best trading conditions for clients. Partners are a major focus for FP Markets, resulting in the establishment of long-term relationships between the Company and its IBs & Affiliate Marketing experts. FP Markets is continually developing state-of-the-art tools for its Partners which are designed to support their needs and striving to provide the ultimate conditions for a successful, fruitful and long-standing partnership.”

Here’s the list of some of the benefits and attractive features partners can now access:

  • Attractive CPA model
  • Account Management through a secure and dedicated IB Portal
  • Bespoke IB Portal for real-time analytics & statistics
  • Commissions paid in Real-Time 
  • Export transaction data in PDF/CSV for reporting & reconciliation
  • Highly competitive, flexible and attractive Rebate Program
  • High converting rich media banners, landing pages & educational material.
  • Multi-level, multi-tier platform for individual and Master IBs
  • Multilingual digital marketing materials and tools to track, manage and boost your conversions (animated and static banners promoting our USPs)
  • Multi-tiered customised deals & Payout Structure through bespoke Affiliate Portal
  • One-click real-time transfer of fund requests from Rebate Accounts to Trading Accounts
  • 24/5 Dedicated Conversion Specialists
  • Real-time commission payments

USDJPY Eyes 130 as JPY Selling Continues

As traders are pricing more and more rate hikes and aggressive tightening by the Federal Reserve (Fed), the USDJPY pair continues in its, so far uninterrupted, march toward the psychological 130 threshold. 

That would be the highest level for the USDJPY since May 2002.

The USDJPY pair continues to benefit from the massive divergence between respective monetary policies. Recently, St. Louis Fed President Jim Bullard stated that the Fed should not rule out raising rates by 75bps, but it is not his base case here. Instead, he believes the Fed needs to move quickly to raise its key policy rate to around 3.50% this year.

On the other hand, the Bank of Japan Governor Haruhiko Kuroda reiterated that a weak yen is still positive for Japan’s economy. Also, there was no indication that the BoJ was ready to tighten policy anytime soon to provide more support for the yen.

Therefore, despite the obvious overbought conditions, the pair has not shown any exhaustion so far, with investors likely targeting the 130 level in the following days.

Big Banks Remain Bullish

Economists at ING expect the pair to test 130.00 in the coming days. “USD/JPY may soon touch 130, but FX intervention is not assured. No intervention at the 130.00 mark could mean that the line in the sand is set at 140.00.”

Economists at Commerzbank roughly share a similar idea. They think that the bar for Forex interventions is very, very high. “I think that for the time being, the MoF and BoJ will try ‘verbal’ interventions and will sound continuously more concerned about the yen-weakness. In the hope that the market will end the yen collapse for fear of interventions. In poker, I suppose one would call that ‘bluffing.’”

“The latest IMM report highlights clearly that speculative yen selling has been ramped up in anticipation of further weakness.” Economists at MUFG Bank expect the pair to near the 130 level.

To conclude, should the Fed continue on the current path of monetary policy tightening, it could boost the USDJPY pair further. However, we will likely see a correction due to overbought conditions.

WTI Benchmark Falling: Oil at an Important Crossroad

WTI Benchmark Falling Chart

The West Texas Intermediate (WTI) benchmark has been falling recently, and the price dipped below the psychological 100 USD threshold. Can the short-term bearish trend continue?

To bring price stability to the oil market, the IEA has promised to infuse an additional 60 million barrels of oil into the global supply from its strategic oil stocks for the next two months. The additional supply from the IEA will strengthen the release of 180 million barrels by US President Joe Biden out of their Strategic Petroleum Reserve (SPR), announced a few weeks ago.

Additionally, the ongoing COVID-19 restrictions and lockdowns in China have led to a decline in demand from China, the world’s largest importer of oil, likely helping WTI oil decline to double digits again.

In other news, The European Union (EU) is holding a high-level dialogue meeting with the Organization of the Petroleum Exporting Countries (OPEC) on Monday, as the EU is looking at ways to step up sanctions against Russia, including an oil embargo.

However, Europe is split on an immediate oil embargo, with the EU’s most significant economy. Germany, currently unwilling to go for it, saying an oil ban would plunge Germany and Europe into a deep recession. So, is the EU sanctioning themselves, or what is the plan here?

Technically speaking, oil is now testing March lows near the 94.50 USD level. We might see a quick decline toward 90 USD if the price drops below it. In case peace is restored between Ukraine and Russia, the WTI benchmark can drop further toward the 200-day moving average, near 81.50 USD (the green line).

Alternatively, if bulls defend the mentioned support, we might see a quick return to 100 USD. If oil jumps above that resistance, further gains toward 105 USD seem likely.