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Many beginners in trading today choose to use robots rather than develop strategies themselves. Also, more and more brokers are offering them this kind of tool, which allows them to perform automatic trading. AnyOption has concocted the CopyOp software, dedicated to facilitating the transactions of its traders. But does it really work? And how does it work? The answers through this test:
CopyOp: A rather solid base
Launched by AnyOption, a leading broker in binary options, CopyOp has a good foundation. This online broker has a solid reputation in the market and has several years of experience in its field. The company is recognized by the main supervisory authorities, including the Cyprus Securities Exchange Commission or CySEC. The CopyOp software is thus fully legalized. The network is managed by Ouroboros
CopyOp: The operating principle
CopyOp is, in fact, a social trading network that allows you to copy investments. This tool is directly linked to AnyOption and gives access to the activities of other traders, via a search tool and a news feed. The best trades are displayed there, allowing network members to view and copy them. CopyOp’s objective is to simplify trading, even for novices. They simply have to select the trader they want to follow, and then reproduce their action. The investments are then automatically reproduced under the copier’s name, after he has entered his parameters. The trader has, among other things, the possibility to define the opening time of the trade. And as soon as it has completed its configuration, the transaction will be launched automatically even if it is not connected. CopyOp also allows you to trade independently without copying to other traders. It also gives the possibility to connect via a Facebook account.
As in manual binary option trading on Anyoption, using CopyOp allows you to make a profit of up to 80%. The amount of the gain depends, of course, on the strategy applied by the trader, hence the importance of choosing the right investment to replicate. Traders who are copied also benefit from a commission on CopyOp and every time another trader reproduces their investment, they earn what are called “CopyOp coins”, which can then be converted into real money
CopyOp: Security and assistance
Although traders’ profiles are displayed on the network, CopyOp ensures the confidentiality of all personal data. The only information shared is the trader’s nickname, profile picture, and data about trading frequency and success. CopyOp uses a 128-bit SSL encryption system, provided by Twante, to protect the entire platform. As for earnings, traders’ funds are placed in separate accounts. CopyOp also has a customer service department that can be reached 24 hours a day, 7 days a week, allowing you to be assisted at any time
From a security point of view, there is no need to worry about CopyOp, as AnyOption’s regulation requires it to comply with strict rules. The many features offered on the platform are also interesting, especially for beginners. However, this kind of automatic tool is not always so effective in the long term and most of the time, the best solution is to learn manual trading strategies.