de | cn | ru

Signals Reviews

Social trading network CopyFX no longer offers cent accounts to traders

Nov 05 2015
By
Forexbrokerz.com
Cyprus-based forex broker RoboForex has made significant changes to the conditions of the CopyFX system it operates, the company announced earlier this week. The CopyFX system, which is available to both investors and traders, has stopped offering cent accounts to traders. From now on, they will be able to use Standard and ECN accounts only. No changes have been introduced to the account usage of investors and they will be able to continue using both cent and standard accounts.  
 
The change has come into effect as of November 3. 
 
Cent trading accounts operate entirely in cents, unlike traditional accounts which use dollars. All financial parameters of investors’ cent account balance, including deposits, profits and losses, are measured in cents. Otherwise, these accounts are handled the same way a standard trading account would be. Cent accounts are good for beginner investors as they allow transactions with small amounts of money.
 
CopyFX, launched in 2013, is a social trading platform which enables traders to copy the transactions of successful fellow traders. The platform is available in at least 12 languages.
 
TAGS: copyfx  roboforex  social trading  social trading network  cent account  cent forex account 
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

More Forex Signals Reviews

Is copy-trading the best way to trade forex?

Nov 16 2017 15:58:37

Trading forex is no longer solely the domain of sharply dressed men on bustling trading floors. Read more

HighLow Binary Options Robot Review - is it scam or safe binary robot?

Aug 28 2017 10:57:00

 We would like to introduce you to the HighLow Binary Options robot. The system is fairly popular, mostly because it is designed to work with a famous broker – ASIC-regulated HighLow. You can read our full review of this broker here. Read more

SignalSamurai Review – is it scam or safe binary options robot?

Aug 24 2017 13:02:17

SignalSamurai is a binary options system, which claims to make money for the people who follow its signals. It comes absolutely free of charge, which immediately sounds fishy. In this review will give our honest assessment of the system. Read more

CopyFX changes minimum deposit requirement for forex trading accounts

Nov 25 2015 13:22:14

The amount of minimum deposit required by users of CopyFX, the social trading service of forex broker RoboForex, has been changed for traders who create offers and investors who subscribe to them, CopyFX said on Tuesday. The changes have taken effect as of 24 November. Read more

KGI Fraser launches ayondo's social trading platform in Singapore

Nov 06 2015 08:26:30

Taiwanese-owned brokerage KGI Fraser Securities has launched  in Singapore a new product, KGI Contrax, which uses ayondo’s white-label trading platform TradeHub, ayondo said on Thursday. KGI is ayondo’s first client in Singapore. Read more

eToro: High risk traders are no longer available for copying

Jun 26 2015 13:52:11

eToro, the world's largest social investment network, has announced significant steps in its efforts to lower risks by encouraging sustainable and responsible trading across its members and promoting consistent long term profits. Read more

Social trading network Ayondo raises CHF 6 million in funding

Apr 28 2015 22:33:03

In the course of its international expansion plans, with a focus on Asia the ayondo group announced today that it has received an additional CHF 6 million in funding from its existing shareholder base, led by Singapore-based Private Equity group Luminor Capital. Read more

SpotOption partners with Zulutrade to provide binary option signals

Dec 13 2014 12:29:15

SpotOption, the world's largest binary options platform provider, announces the embarking of the well-awaited for signals project through their exclusive partnership with copy-trading website ZuluTrade. Read more

Social trading network CopyFX now available in 12 languages

Oct 06 2014 16:00:56

At the beginning of the year RoboForex, an innovative forex broker requlated in New Zealand and Cyprus, announced the lauch of CopyFX, its social trading network. At first the network was available only in Russian, but as of last week it has expanded its geographic footprint and now copyfx. Read more

Zulutrade expands in Japan, partners with Arena FX

Sep 25 2014 12:57:05

ZuluTrade, one of the most popular social trading networks, is expanding in Japan - a retail forex market, which is totally dominated by its biggest competitor Tradency. Read more

de | cn | ru