Vantage, the multi-asset broker has recently relaunched their Copy Trading system on 2 April 2023. The all-new App-based system is packed with a plethora of exciting features and improvements that traders of all experience levels will appreciate. Vantage has re-engineered the app to ensure it is more stable, with execution speeds faster than ever before. To add to this, the Copy Trading section has been given a complete overhaul and now offers a much more user-friendly experience, with a comprehensive array of information on display.
Traders can now discover new signal providers with ease, thanks to the App’s updated Discover pages that enables traders to filter for the best signal providers based on their preferred trading asset classes, risk profiles, and other performance data. The updated League Traders profile pages now also displays signal providers’ experience levels, average risk band, past trade performance, number of copiers, and the volume of assets being copied.
Traders seeking to copy the strategies of the most successful league traders will find this exciting development to be fantastic news. In this article, we will delve into the latest features of Vantage Copy Trading.
How Does Vantage’s Copy Trading Work?
To understand how Vantage’s Copy Trading function works, it’s important to first grasp the two roles involved. Signal Providers, also known as League Traders, are experienced traders who share their portfolios and market signals with the public. Copiers, on the other hand, are traders who replicate the trades of their preferred Signal Providers.
Now that you are aware of the two roles involved in Vantage Copy Trading, let’s explain how Copy Trading works. Using Vantage’s Copy Trading function, copiers will be able to mirror the trading activities of Signal Providers that they choose. For instance, if the chosen Signal Provider is trading 1 lot of Apple stock on a given day, it will be reflected back into the copier’s copy trading account. This is essentially how Copy Trading works.
By utilising the Copy Trading function, copiers can gain first-hand trading experience to a diverse range of products across various markets, such as shares, commodities, indices, forex, and cryptocurrencies, without solely relying on extensive market research or analysis. This powerful function allows novice copiers to reap the benefits of trading without the burden of manually identifying products to trade.
Moreover, there is a broad selection of Signal Providers available, ensuring that copiers can find providers with a trading style that resonates with them using Vantage Copy Trading. Copiers can learn from the best and build on their Signal Providers’ knowledge and experience. Vantage Copy Trading is also helpful for those who have limited time to monitor the markets daily. By copying a Signal Provider, traders can continue to execute their trades without having to actively monitor the trades on their own.
What is New with Vantage Copy Trading?
The Vantage Copy Trading App user interface (UI) has been improved and redesigned. Under the community tab, more comprehensive filtering criteria have been added. This will allow copiers to easily navigate the Signal Providers according to their requirements. This helps them to filter out and find the most suitable Signal Providers to copy from.
Copiers are able to filter the Signal Providers according:
- Time period: This refers to the duration for which the results of trades are being measured. For example, if the time period is one month, it means that the trades made during that month will be evaluated.
- Return: This is the percentage of return that a trader can estimate to earn when they make a trade. For instance, if the return is 10%, it means that for every $100 traded, the trader can expect to earn $10. However, it’s important to note that past performance is not indicative of future results. The percentage of return indicated here is merely for references, and should not be taken as absolute certainty.
- Risk Band: This is a measure of the volatility of the trader. A higher risk band indicates that the trader takes on greater risk when making trades. This is usually determined by factors such as the trader’s trading strategy and the assets being traded.
- Winning Percentage: This is the percentage of trades that the trader wins over a given period. For example, if a trader wins 70% of their trades, it means that out of every 10 trades made, they win 7 and lose 3. The winning percentage can be used to evaluate the trader’s success rate.
The Signal Providers’ profiles have been improved and redesigned, with personalised cards and an enhanced display of basic information. This makes it easier for users to analyse the Signal Providers’ details and determine whether to follow their trades. Additionally, the monthly return and monthly risk band overview provides copiers with valuable information about the Signal Providers’ trading performance over time, including profitability and risk.
By browsing the Signal Provider’s profile further, copiers can also check the number of users who have replicated their trades in the last 7 days and access information about the Signal Provider’s most frequently traded products. This information can assist copiers in making informed decisions when selecting a Signal Provider to follow. By gaining insight into the popularity and performance of the Signal Provider’s trading strategy, copiers can determine whether it aligns with their investment goals and risk tolerance.
Ready to take your trading experience to the next level? Discover the benefits of copy trading with the Vantage app! Download the app here!
Why use Copy Trading with Vantage?
The copy trading function on the Vantage app offers several benefits that can help copiers achieve their trading goals:
- Accessibility. Copy trading provides an accessible route into trading. Many copy trading platforms now offer user-friendly interfaces and educational resources to help beginners get started. By providing an accessible route into trading, copy trading enables novice traders to trade alongside the expert with more confidence.
- Upskill your trading knowledge. Copy trading enables copiers to follow and replicate the trading activity of experienced traders, allowing them to learn from observing successful trading strategies and develop their own skills. By observing the types of trades that successful traders make, the strategies they use, and the market conditions under which they operate, copiers can gain valuable insights and further expand their trading knowledge.
- Time-saving. Copy trading can be a time-saving solution. By following the trades of experienced traders, copiers can benefit from their expertise and knowledge without the need to conduct extensive research and analysis on their own. This is particularly useful for those who do not have the time to monitor the market daily but still desire to trade.
- Choose Copy Trading with Vantage. If you’re looking for a copy trading platform that offers a user-friendly experience, an easy-to-use system, and a wide range of assets, Vantage is a great choice. With award-winning 24/5 customer service and an intuitive user interface, the Vantage app allows you to trade efficiently and seamlessly. You can even connect your MT4/MT5 account easily to take your trading adventures on the road. The app provides a comprehensive display of signal providers, including their track record and assets invested, all available at your fingertips.
So, download the Vantage App today and start copy trading!