Yes, if your balance allows, you can copy multiple traders to diversify risk. We recommend creating a separate trading account per Plug/trader that you copy so that you can better manage your risk. You can then do withdrawals from the accounts that have spare capital and are least at risk.
FAQ Categories: Copy Trading
Everything you need to know about copying other’s trading on any broker accounts. All about being a Plug and a Player with Plug n Play.
How do I choose the right trader to copy?
Look at their past performance, risk level, trading strategy, and consistency over time. Avoid traders with extreme risk-taking behaviors. You can view our results for GPTIntelliTrade on our website or follow us on Telegram or Instagram.
How are profits paid out?
Profits remain in your trading account and can be withdrawn or reinvested at any time. The same way you deposited is the same way you need to withdraw. We prefer crypto as its fast and convenient.
Can I withdraw my money at any time?
Yes, you can withdraw your funds whenever you choose, but make sure you check for any open trades that may affect your balance. Its critical that you understand what your Equity balance is before withdrawing as open trades can have a big impact. If unsure contact your trader to establish best withdrawal times.
Are there any fees for copy trading?
There is a monthly fee that you have to pay Plug n Play or spread/commission costs depending on your broker platform. You keep all your profits and do not have to pay a percentage to the trader that is the case with traditional copy trading.
Can I stop copying a trader at any time?
Yes, you can pause or stop copying a trader whenever you like without penalties. Please familiarize yourself with equity balance as that is the true value of your current investment. Should equity get too little you will put your trading account at risk. Always make sure you speak to the trader should you be unsure. Follow our Telegram and Instagram to be up to date.
How do I start copy trading?
Register an account with a trading broker. We recommend Octa Fx.
Get your account verified.
Open an MT5 or CTrader account to trade with.
Fund your account with the minimum required or more.
Register with Plug n Play.
Link your trading account with the trader/Plug of your choice.
Sit back and relax.
How much money do I need to start?
Every Plug or trader that you copy will have their own minimum amount that you can trade with. You can start with as little as $300 trading with GPTIntelliTrade. However, more capital allows for better diversification.
Can I lose all my money?
While rare, significant losses can happen if risk management is not applied. Choosing a reliable trader and setting stop-loss limits can help manage risk. Our GPTIntelliTrade bot has various safety measures and stop losses built in, to ensure you never lose all your capital should something cataclysmic happen in the markets. Make sure to check the performance daily on your phone.
Is copy trading risky?
Yes, all trading involves risk. While you follow experienced traders, market fluctuations can result in losses. It’s important to invest only what you can afford to lose. Our automated trading has been developed over many years and has been thoroughly tested. You can also increase or decrease the risk you are willing to take with Plug n Play.