FXTM information and reviews
FXTM
95%
OctaFX information and reviews
OctaFX
94%
XM information and reviews
XM
93%
FXCC information and reviews
FXCC
92%
Libertex information and reviews
Libertex
91%
FxPro information and reviews
FxPro
90%

Covesting copy-trading: the next big thing from PrimeXBT


1 October 2020

For those unaware, the Covesting beta brings skilled professionals together with followers within a unique, copy-trading platform, unlike anything else in the crypto industry. However, it has only been available to a select few who had access to the beta – until now.

According to a press release shared by the award-winning Bitcoin margin trading platform PrimeXBT, the Covesting platform is now fully available to the public for the first time ever. Here’s why this disruptive new tool is about to change the game for all of crypto.

PrimeXBT debuts full public launch of Covesting copy-trading


The Covesting copy-trading platform released today to the public is a product of Europe-based and DLT-licensed fintech software developer Covesting and the result of a collaboration between the firm and advanced trading platform PrimeXBT.

The two companies were the perfect match, combining Covesting’s copy-trading tech with PrimeXBT’s wide range of trading instruments like forex, commodities, stock indices, and crypto, and trading features such as long and short positions, built-in technical analysis tools, and more.

Together they have released an innovative tool aimed at profitability for both new followers and experienced traders alike.

Covesting CEO and Founder Dmitrij Pruglo shared his thoughts about the full public release, saying, "the road was a long and challenging journey, but we are happy to finally reveal the Covesting copy trading module to all."

"The entire world is shifting toward P2P ecosystems. We have eBay for buyers and sellers, Uber for drivers and passengers, and AirBNB for host and guests. We are proud to see through our dream of successfully developing a P2P service connecting traders for an opportunity to profit together," Pruglo added.

What can followers and traders expect for profits?


Covesting lets the best of the best traders create strategies that can be followed by others for profits. Followers add equity into any strategy of their choosing, based on publicly available stats on win rates, ROI, and more, and earn a portion of profits generated by the strategy manager.

Strategy managers also earn a portion of the profits generated with follower funds, and followers make profit despite lacking the same level of experience as professional traders.

Examples provided in a company blog post demonstrate what followers and strategy managers can potentially earn. Total ROI generated throughout the beta by some strategy managers reached over 1,800% even after an extended phase, and total follower equity had peaked at over $1 million. Follower profits based on the top ten strategies alone reached over $250,000. The top ten strategy managers collectively earned over $70,000 using the same total follower equity.

Future updates will only further build into the health of the growing ecosystem and provide traders with unparalleled control and transparency, according to a roadmap shared by the development team.

Why Covesting copy-trading matters to Crypto Traders


The Covesting copy-trading platform launch comes at a time when markets are more volatile than ever, and therefore more opportunity around every corner for investors and traders to share.

The stock market is experiencing the most volatile in several years, oil crashed to historic lows, gold set new record highs, and Bitcoin and other cryptocurrencies are gearing up for another explosive rally.

Ethereum has grown by over 200% since 2020 first began, XRP in a week rallied by more than 45%. These types of returns would be only the beginning if the last bull market was anything to go by.

Traders on Covesting were able to generate as much as 1,800%, all while cryptocurrencies were consolidating and trading in a tight range. With volatility returning to the explosiveness the asset class is known for, top traders can turn even meager investments into substantial success with Bitcoin going up once again.

Get started with the Covesting public launch starting today on PrimeXBT


Covesting is available to anyone registered to PrimeXBT. If you already have an account, you can immediately set up a strategy and trade forex, stock indices, commodities, or crypto to start building a rating and reputation. You can also make a deposit and start investing equity in any of the existing strategies available on the platform.

Those new to the platform can sign up in a few clicks and in less than a minute for a free trading account. Once registered, a small minimum deposit of 0.001 BTC is required to begin trading, or Bitcoin can be bought directly from within the account dashboard.

Potential strategy managers will want to get in early and start building their trading career right away. Investors will want to get started just as quickly to take advantage of the current market volatility and profitability.

#source

Share:


Related

Precious metals trading with Vantage
Precious metals trading with Vantage

Precious metals are rare, naturally occurring elements which have a high economic value. While having value within industry, they are mostly now used as commodities...

16 Aug 2022

FreshForex improved the conditions for cryptocurrency trading
FreshForex improved the conditions for cryptocurrency trading

Due to the launch of new cryptocurrencies, we have improved spreads and swaps for all available cryptocurrencies! We are glad to announce that we have made our favorable...

15 Aug 2022

AMarkets Adds 5 New Cryptocurrencies
AMarkets Adds 5 New Cryptocurrencies

AMarkets is expanding its cryptocurrency offering by adding 5 new cryptocurrency pairs. Now, you have the opportunity to trade 19 cryptocurrencies on some of the best terms in the industry...

11 Aug 2022

The Best Online Commodities Trading Platform
The Best Online Commodities Trading Platform

If you are trading online, or you are just starting commodity trading for beginners, you probably already know which platforms are the most popular and which are the best CFD trading platforms...

8 Aug 2022

July 2022: TOP 3 NordFX Traders Earn Over $105000
July 2022: TOP 3 NordFX Traders Earn Over $105000

NordFX Brokerage company has summed up the performance of its clients' trade transactions in July 2022. The services of social trading, PAMM and CopyTrading, as well as the profit received by the company's IB-partners have also been assessed.

5 Aug 2022

A profitable deposit at FreshForex
A profitable deposit at FreshForex

We value your time and resources, so we're offering you a profitable payment method. When depositing with any cryptocurrency from our list, you get an additional 10% to your account...

2 Aug 2022


Editors' Picks

HFM information and reviews
HFM
89%
IronFX information and reviews
IronFX
88%
FXCM information and reviews
FXCM
87%
Pepperstone information and reviews
Pepperstone
86%
NordFX information and reviews
NordFX
85%
Vantage information and reviews
Vantage
84%

© 2006-2022 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.