General Inquiries
EFX Copy is an innovative copy-trading platform that enables users to connect and replicate each other’s trading strategies effortlessly.
• For Providers: Share your successful strategies and earn revenue from the profits generated by your subscribers.
• For Followers: Follow top-rated traders and achieve results without the need to install a trading terminal.
Integrated with EmpireFX, EFX Copy eliminates the need for additional software, providing a streamlined and user-friendly experience.
To start using EFX Copy, you need to open an account with EmpireFX, deposit funds, and then choose a trader to follow. You can review their performance and commission rates before subscribing.
Only MT5 live accounts are compatible with copy trading
Traders who share their strategies on EFX Copy display their commission rates publicly. The most popular commission scheme is the Performance Fee, where you pay a percentage of your overall profit to the trader. The commission is held in your account until it is transferred to the trader at the end of an investment period or upon subscription cancellation.
You can manage your subscriptions in the My Subscriptions Tab. For each strategy you’re subscribed to, you can:
Suspend. After the Pause mode is enabled:
New trades from the strategy won’t be copied to your account
All trades copied prior to that moment will remain open and will be closed if the author of the strategy closes them
You will still be displayed as an active subscriber to this strategy
Unsubscribe
Any commissions due for closed trades will be written off your account within minutes of the subscription termination
You can stop copying a trader at any time. Simply delink your account from the Provider's account and positions, then manage your trades independently.
There are no additional fees for using EFX Copy beyond the commissions paid to the traders you follow. However, standard trading fees and spreads may apply.
You don’t need a minimum amount of money to begin copy trading. You can start with as little as $10, though your trading opportunities might be limited with that amount of capital.
Traders who share their strategies on EFX Copy display their commission rates publicly, allowing you to review them before subscribing. The most popular commission scheme is the Performance Fee, where you pay a percentage of your overall profit to the trader.
Yes, you can manually place trades even when your account is connected to a Provider. You retain full control and bear complete responsibility for all actions taken or permitted on your account.
Performance Fees are calculated automatically on profitable trades only by the Strategy provider.
Review the performance statistics, subscription fees, and trading history of available traders. Look for traders with a consistent track record and strategies that align with your investment goals.
Yes, EFX Copy allows you to customize various settings, such as the proportion of your equity to allocate to copying trades and risk management parameters.
Yes, like all forms of trading, copy trading involves risks. It is important to carefully review the performance and strategies of traders you choose to follow and to use risk management tools available on the platform.
EmpireFX offers customer support to assist you with any issues or questions you may have about using EFX Copy. You can reach out via email, phone, or live chat.
EFX Copy offers several benefits, including the ability to leverage the expertise of experienced traders, save time on market analysis, and diversify your investment portfolio with minimal effort.
Master account inquiries
You can withdraw your profits from copy trading by logging into your Client area https://my.empirefx.com/settings/payments and initiating a withdrawal request. The funds will be transferred to your designated payment method.