Copy trading is a convenient and novice-friendly form of trading that involves copying actions of more experienced traders. This way, you can make substantial profits without taking on too many risks, and there’s no need to learn how to trade at all: you just need to know the basics. IQCent is a very popular platform for CFD and binary options trading that’s known for its interesting and profitable copy trading features. In this article, we explain how these features work and how you can use them.
IQCent is an international broker that allows its users to choose among more than 100 assets: various CFDs on currency pairs, commodities, and crypto as well as binary options. While the company is not supervised by any major regulator, it uses advanced security algorithms and stores your money in the best European banks. That means the broker is pretty safe, and thousands of professional traders are content with its security level.
The trading conditions offered by IQCent are also quite decent. The minimum deposit is just $20, and the leverage reaches 1:500. The trading fees are average, and the broker doesn’t charge any fees for deposits or withdrawals. The minimum trade size is just $0.01, and the maximum payout for options is 84%, so the platform can be extremely useful for active traders. However, even if you don’t know how to trade, you can check out the IQCent copy trading features.
How copy trading works
Basically, copy trading platforms allow you to watch professional traders and replicate their actions to make extreme profits without too many risks or requirements. Just about anyone can practice it, and you can choose a professional trader to monitor by comparing their performance and capital amount in real time. While copy trading is often considered a way of passive earning, it can also become the first step towards your full-time trading career.
Copy trading with IQCent
IQCent is known as a reliable and user-friendly copy trading platform. Here, you can use many kinds of filters to find the best experienced traders to replicate. However, there are not many experts online, so most of the time you choose between two or there available options. The platform itself is a pretty convenient one: all you have to do is register, choose the Copy Trading option in the menu, and look for suitable offers.