Since its evolution back in 2008, binary trading has been able to capture the attention of all the traders’ attention from all around the world, and day by day, the numbers of traders joining binary trading just keeps on increasing. Ever since the launch of binary trading platform, many online brokers have been launched in the market. Here in this post, we are going to do a full review of a new trading site, Copyop.
For example, on a typical trading platform site you need to do an investment and select an asset you want to trade, after that you need to select an expiry time, and last but not least, you have select either ‘Up’/ ‘Down’ or ‘High’ / ‘Low’, if your prediction is correct you win some bonus along with the money you invested. However, for doing that, you need to have a good knowledge about binary trading, and the assets you are trading on. Until and unless, you gain some experience and knowledge, chances are you are going to lose.
Is CopyOp Social Trading Scam or Not? Read CopyOp Review Here!
Copyop was launched last year in 2015 and is owned by one of the reputed, largest and one of the oldest binary trading sites, Anyoption. Unlike, Anyoption, copyop is not that kind of typical trading platform. The site basically is a social trading platform, which is unique.
However, Copyop is very innovative, and even a person who has zero ideas and experience about binary trading can get started with it. Using Copyop, you just have to select a master trader (a person who is having a high experience and has a vast knowledge about binary trading), and follow what that master trader is trading on, so now, you just have to copy the trade. As your master trader earns some profit you also earn some profit, but the percentage of profit depends on upon the money you invested.
About Copyop Social Trading:
As it has been already mentioned, Copyop is owned by one of the oldest and trustable trading site Anyoption, so those who have an idea about binary trading will know all about it. Never the less, if you are beginner also, you will just along fine.
For getting started, you just need to visit the site www.copyop.com, complete the signup procedure, or if you have a Facebook account, you can select the signup through Facebook option. Once you have created your account, you will be redirected to your home page. Here’s where it gets really interesting, if you are a Facebook user, you will find that the site layout looks quite similar to Facebook.
How does Copyop social trading works?
Things like news feed, profile, friend list, etc, kind of seems identical to Facebook and this what makes the site so user-friendly. For an instant, you can click a user who is doing well, now you can select either ‘Watch’ or ‘Copy’. If you select ‘Copy’, you will copy what that person is trading on, whereas, if you select ‘Watch’, you will keep a track of what that person is trading on.
The Copyop offers a “What’s hot” section; the section is quite similar to ‘trending’ section of the Facebook, this section gives you an insight about the “top traders”, “top trades” and “top copiers” who have been doing good for a certain time period. A user can even select the time frame from 12 hours to 3 months, in that way, you will get an info about the top consistent traders.
Once you select the time period, you can go through their profiles and “Copy” or “Watch” their options. Now, in case you are an experienced trader and you already having a profile, if some newbie copies you, you earn credits, which you can convert it into real money. Therefore, overall, a beginner or a Pro can make easy money using Copyop’s trading platform.
Poor customer support
Although Copyop is a new site, but they really need to improve their customer service, the site lacks features like live chat & helpline numbers. A user only has two options for getting in touch with the customer support; either using a contact form, or by sending an email. Comparing to other trading sites, the options are very limited and that is not a good thing.
Pros and Cons of CopyOp
- Friendly UI; Copyop offers a UI which looks quite identical to Facebook, so even a user who doesn’t have an idea of a binary trading platform can also get along with this trading platform.
- Anyone can sign up without paying any kind of deposit amount.
- Easy to use, anyone can get start trading or copy from a master trading and can earn some profit easily.
- The site also provides tools for managing risk.
- Copyop also provides a mobile application for Android and iOS powered smartphones.
- A user can connect their Facebook account with the trading site.
- Unlike other trading sites, Copyop doesn’t provide any kind of demo account for their users.
- Poor customer support; anyone, even a registered user cannot get in touch with the customer support using any kind of number or live chat. The only way to get in touch with the customer team is by using email or contact form.
- Lacks transparency & study material; how their system works is still kind of mystery, plus the site doesn’t give any kind of educational tools for beginners.
- The site was launched in 2015, so some people might have trust issues.
Overall, the site offers an innovative way to do binary trading; they offer a user-friendly UI, using which even an amateur can get started with the platform. They also allow you to connect your account with Facebook.
A user can easily follow some master traders and can copy their option. A user can also observe, or buy options by observing an experienced trader. For opening an account, you don’t need to deposit any kind of fees. However, the profit you earn depends on upon the amount of money you invested in that trade. When someone copies the options of a master trader, the master trader earns credits. The site is not only a good option for a beginner, but also for an experienced user.
Nevertheless, the site also some issues which need to be highlighted, one of the big issues is the customer support, a user can get in touch with the customer support using either only email or contact form. There is not much info about the system used by Copyop. Other than that, the site is a very good platform for newbie traders who are looking forward to earn some profit.