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Copyop Scam Review: Is it Legit or Another Trading Hype?
Read my Copyop Scam Review here and find out whether it is Legit or just another trading hype that promised you “get rich quick”. I will also give you my personal opinion toward trading binary option and WHY you should avoid it. Trust me..I have seen it all okay. There are few things you must acknowledge before making a decision. So, bare with me until the very end!
Platfrom Name : Copyop
Website : www.copyop.com
Owner : Unknown (Powered by Anyoption)
Price : FREE ($100 minimum investment)
Overall Ranking : 65 Out of 100
Copyop Platform Overview
What is Copyop all about? It turns out that this platform offers you the ability to copy from other traders’ move. So let’s say Mr. A predicts that AUD/USD currency will drop in 10 minutes. You are then allowed to copy exactly what he did, but of course the earning will depend on your investment. This is why the platform is called Copyop Social Trading, where you trade by following others. Here’s a quick look at the website:
Watch-Copy-Trade. Seems easy huh? Well, not really! I will tell you the reason later. Believe me, if it is, I would be taking a lot of vacation by now. Anyway, how much do you get when one trading is successful? According to them, it is 80%. So you can make $80 profit for $100 investment IF you copy the person that wins.
The Good & The Bad
There are few things I like about Copyop compare to other trading platforms:
- There is NO hype video where they promise you to get rich fast.
- The platform is well-organized and do have Social Trading mobile apps.
- Low investment and give you high returns.
- Free to join. Well, every trading platform I review is free to join.
- You can connect to Facebook.
And here are few cons that you need to know about Copyop or any other trading platforms:
- They never explain how the system works within the website, so you probably need to register first.
- There is no Live support at the moment I reviewed it.
- It is still brand new, launched in January 2020. So, it has low credibility!
- When they say that you don’t need any experience, that’s NOT true at all.
- Trading always involve RISK no matter how perfect the system is. Let’s take a look at the Copyop Risk Disclosure:
Personally, I am not a fan of trading. I had been to few other trading platforms before and learnt some skills as well. But soon realized it isn’t for me! Now if you are new and think that you can earn a lot of money with it, you are DEAD WRONG! Those people who are successful in trading have accumulate the skills for years. Yes..you need to be patient when it comes to trading. Don’t let your emotion overcomes you.
As for Copyop, Is it a scam? 50% No it’s not. There we go! I have given you the answer for a trader prespective. How about that? You want to become a trader? Face the odds! Copying from the pros doesn’t guarantee you to win most of the time. There will still be losses, and you need to cope with it. So it takes a long time to grow big. However, I do have another alternative if you want to make money online.
The Other Alternative
Another way to make money online as you might already know is through Online Marketing. I have no idea what you have been told about that, but wait..It is much better than binary option trading! Here are some benefits of having online business:
- It is more stable
- Less risk
- And the best thing. It is based on your PASSION! (your hobby or interest)
Like many making money opportunities, there are some bad online marketing gurus try to trap you into fake programs and cost you thousands of dollar. But don’t worry about that as I have come up my Top #1 Recommendation platfrom which is 100% legit and scam free. You can learn more about it by reading my full review.
Click Here to Read My Top #1 Recommendation Review!
That’s all my humble opinion toward Copyop Scam Review. Based on my experience, this type of platform is 65% legit as it does give you the return investment percentage and no exaggerate claim. But I don’t guarantee that the platforms is safe. Anyway, please share this information if it helps to open your eyes, and comment below for your opinion. I’d love to hear from you.
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Copyop Scam Review: Is it Legit or Another Trading Hype? — 33 Comments
I think you give Copyop a fair assessment! I had never heard of it but the premise of it is ridiculous. Copying someone? Where are they getting the people you are copying? And why would those people give away their thinking and possible inside info? It does not make any sense to me. Unless someone has a fair amount of experience with trading, I would not recommend this program either
That’s right Emily,
It is ridiculous. But when there are many members join Copyop platform, it can be a huge winnner to the owner. 20% for thosands of people is a great money, but if those members lose, they are still not affected. All the risk is on the members!
That is it – it is not human nature to give away the secret that makes you real money – if it is truely profitable you will never hear of it – it will be under wraps – so for someone to say just copy me you will make some money sounds too good to be true –
That’s right Rob!
It is wiser to do your own homework and deal with the risk. Copying others won’t guarantee success, especially the ones that let you copy them. I am sure no one would. If they do, be careful as there might a set up.
Love this article. I do trade, but I don’t trade like that. (thank goodness) If I don’t know the traders, I get a little concerned with my money. (lol) That being said, I did look into your Make Money Online through Internet Marketing. I stay at home, and I really like what I saw. I wonder how feasible it would be to aim for a goal of $3,000 a month. Do you think it’s possible? I’m sure it might take a bit, but that’s what I would like to aim for. Thanks for sharing Edy!!
Trading is fun when we know what we are doing. But, some people just need to be aware of the risk.
As for online marketing, yes it is possible. The same truth applies for trading. If you prefer to do online business, then $3,000 a month is realistic goal to be achieved. There are people that make much more than that. Again, it takes learning and time, unlike fake gurus out there saying that you can make this sort of income with no work. It of course involves some effort. Once you know it works, you can easily scale up the revenue to any figures you want. First, you need to get your foundation built!
These types of companies make me nervous. It is just too risky for my tastes. Thanks for posting another good review.
Yes Kevin, it is somewhat risky.
I have personally get used to some brokers out there. They are smart though by creating this sort of platform, where you are trading for them. Well, for this case WITH them. Everything goes back to someone decision, go big fast or go big slow. But go big fast can potentially make you go BROKE fast too.
I sent numerous emails to them asking them to confirm my identification documents but I received nil responses from their support team. Also I never receive the bonuses as promised.
The platform itself doesn’t have Live Chat. It already proves that their support is not sufficient to the members. I personally would stay away from this opportunity. If you really want to become a trader, you can look for other Trading platforms that are reputable.
hi I only have a hundred dollars and I been laid off work so things are tight. But I am thinking trying to start out with trading what do you think is the best way to invest and with which trading online company. I have never done anything like this but willing to learn. I am not expecting big returns on my money. but want to try to make extra income will I am waiting to return to work. I have to wait a few months before I start back and money is tight right now. it not like I am going win the lotto. please any in put would be great. I am willing to wake up early and do trading all hour of the day. just do not want to pay on line trading company to join
I don’t know what is the best trading online company, but I did study how to trade in OneTwoTrade platform. This is legit one without any crazy promise. I myself don’t want to become a trader, all of them require to invest at least $200-$250 and harder to learn. It is risky as well.
I usually save my money $1.50 a day to afford my #1 recommendation platform. And NOW I have made decent income with it
Copy op is certainly a scam. Haven’t lost any money but you can’t withdraw money from your account. They lie to you about your details then ask for rediculous personal information.if I deposited money through my debit card then if I’m not me why would I try to put money back onto someone else’s card. Scam, scam scam, all the way. Don’t touch with a barge pole. Despicable people. Hope they rot in hell.
I’m sorry to hear that.
There are plenty of techniques scammers use in order to take your hard-earned cash. One of them is by asking too many personal information. I myself had given my phone number one time, and they keep pitching me a ponzi scheme where I will make more by invest more. That’s a classic scam move. So better stay away from it my friend!
Certainly agree with you, i have been trading with them for 3 weeks and overall lost about $300, although I copied traders above 65% success.
I understood it was a scam when I noticed that they not updating their ” successfull” traders stats.when they loosing.
For example : a trader who has 75% ratio in one day losses 15 out 20 trades but his ratio and trade stats. isn’t changing.
Be very careful guys.
That’s an aweful loss! I personally never believe in any system that promise to make money without putting an effort. Copying from others is NOT the solution to become successful online. It is sad that most people are misled by the information given from deceitful trading platforms. I hope you learn your lesson, and thank you for sharing your story.
I’ve been searching for answers on wether copyop is a scam or not. I’ve invested the initial $250 to start trading but now they ask for a Colour copy of the Card you used (blocking out the first 12 numbers and CCV#), a colour copy of your ID and a copy of an Utility Bill (which has your residential address. You are unable to access your money till you handover all this personal information. This seemed too fishy for me so have not yet sent the information. What exactly can someone gain from this information. Is it too big of a risk to go through with it?
I never heard that those things are required to access your money. Why would they need them anyway? A legitimate platform will NOT ask you things that are too fishy as you mentioned here. I adviced to refrain from their platform. Those people are weird. I am guessing they have some sort of unethical trick to suck your credit card dry. Be careful before giving any personal information. As far as I know, Colour copy of card, ID and Utility Bill are never considered necessary to access any type of online monetary!
Asking for identification is a standard procedure for all trading platforms that are registered with a financial governing body. The type of documents they look for is the card you used with the either the first three number or the last four of the card number to be display and the rest to be marked out, the back of the card with the CCV number to be marked out, prove of identity such as passport, and proof of residence such as utility bill. The reason for this is to prevent fraud and that you are not laundering money through their platform
Yes indeed..But the rest are unnecessary!
Hi Edy, After I paid my £200 to copyop I realised this was not for me and asked for the £200 to be refunded to my credit card, after sending four emails with no reply the last one I stated I would now take it further as there was no excuse for not answering my emails unless they did not want to do any refunds, fortunately my card company is sending me a form to fill in regarding this problem and hopefully credit it from my account. so my advise to anyone is really check out any company before parting with a penny. John Vickers
I have heard similar case like you have here. It is better to settle the issue from your card company directly. But be sure to do this within 14 days, because it might get harder if pass that period of time. Copyop seems to cause many problems. So, be careful next time! Whenever someone come to you and promise to make money without little or no effort, then you are probably running into a scam. Success require hard work and dedication my friend. I hope you can solve the matter as soon as possible and get your hard-earned cash back. Thanks for warning others.
(Pasting my response here from whirlpool)
So just to write something about copyop because there is nothing much on forums abt it, i will write about my experience:
I have started using copyop as a trader and must admit that it is really good if you are a trader. It gives you very easy access to global assets to trade in both directions! Where else can you get that unless you pay heave brokerages and set up complex trading accounts?!
After leaving my career as a professional prop trader where i had access to shorting limited assets and had to share 50% of my profits, i am really really glad to find copyop where i can trade options long and short in indices, stock, currencies and commodities, 24×7 from the ease of my home. Nohing can get better than this!
Now for people looking to copy traders’ successes, you might as well donate your money somewhere because traders are after all humans. 50% success rate in trading is considered very good! The game is to minimise losses on your loosing trades and maximise gains on your winning ones.
Simply forget it if you want to copy a trader and make money. More often you will find yourself on the wrong side of the trader’s streak.
But if you are an individual trader, i personally belive that copyop is the best thing to happen to us ever! If any novices want to know what trading is all about, read ‘One Good Trade’ by Mike Bellafiore.
Binary Option Trading has really changed the way traders strategize their technique to win over the market. It gives you the ability to predict faster compare to traditional option. However, the risk is also a lot higher. As for those who have experienced already, it can be an advantage. But for those who are newbies, it is better to be careful as you might blindly copy the wrong person which leads to more losses.
Just a question to BESTSTAR,
You talked about avoid copying any pro trader and utilize this platform as an individual trader and take advantage of their full options, as yourself do.
I think You are a skilled trader and have won some decent income with Copyop, but…
how about the nightmare they cause you when it comes to the withdrawal process?
Could you share with this group, how has been your experience in this matter?
Its just gambling. Bet365 offer a similar game on there website. Dont see how u would know what would happen hour to hour. most people’s success rates between 40-60%. Sounds like you would be just as well off playing red/black or odds/evens on roulette
Hi I’m going to try it… I believe that it can deliver… All you need to do is research the market first… Before using copyop… You are given two choices of how to invest.. One where you can do it your self which means you could get copy your self if you are successful or over that are… And it dose show what good and what not and your don’t have to pay a whole lot of money to try.. And yes it risk.. The market always is.. And it dose give the smaller man a chance.. Do your research first.. And they did phone and was very helpful.. And with any service their is always a fee.. But you can withdraw once a month for free…
That’s great Andrew.
If you know what you are doing, then this platform can be helpful.
Copyop is Scam company. You can easey deposit and lost money. When u get money very hard !!
am just too scared of copyop.I wanted to invest but decided to contact copyop and clarify some things I found out but no reply.What I see is withdrawal is not transparent.just too risky.
What is the best website to buy shares without wanting yo open a business or blog. Just share trading similar to copyop but not a scam app.
Copyop Review | Is it a Scam?
Copyop is one of the most innovative binary option robot or copy trading software platforms currently available on the market. It allows you to set your own investments or to copy investments of successful professional binary options traders. Therefore, you will be able to virtually make profits with the touch of a button. In this review, I will go through the main features of this social trading platform, and teach you how these features can be used to generate maximum profits for you within the best binary option brokers.
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Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.
4. Collect your Earnings
Finally, you collect your earnings (the good part!)
Thousands of investors have earned huge sums of money with this social trading platform, as there are numerous ways of doing that, you can do it too:
- Copy the most successful investors (you can just choose the investors you want to copy and, after that, you don’t have to do anything else,
- Copyop will automatically copy every trading signal).Get other investors to copy you (you will be paid for this).
- Make good investments (you can earn money by yourself, but if you get copiers, you will earn even more)
Open a free account with Copyop by clicking on the button below. This offer is only valid for a limited time, so even if you don’t start investing immediately, I recommend you get an account now while it is still free. If you want to get the best bonuses, you should first open an account with Anyoption. To open an Anyoption account, simply follow the instructions below the video
Copyop Youtube Demo Video
Follow these simple instructions to open a Anyoption account and get the best bonuses:
Step1: Open an account with Anyoption by clicking on the button below
Step2: Make a deposit and claim the deposit bonuses that you will get with Anyoption.
Step3: Now you can transfer straight through to Copyop with your Anyoption binary options broker account by clicking on the “Open Copyop Account” button at the top of this page.
You can use this same account to invest through the Anyoption site. Read more about Anyoption in my review article:
- Anyoption Review (One of the oldest and most trusted broker sites ever reviewed. This article includes my secret trading tips and much more.)
Copyop Social Trading Review
In this review, I will go through all the features of this software in depth, and I will tell you the best and more effective ways to utilize the features to enhance your own investments. First, let us focus a little more on how Copyop actually works. Why is it so different from any other binary options software platforms currently available on the market?
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What is Copyop?
Copyop was launched in January 2020, and it was the first binary option social trading platform. Copyop is run by the same people who run Anyoption – The World’s oldest and one of largest binary options broker sites. It is regulated by the Cyprus Securities Exchange Commission (CySEC), under the license number 187/12.This revolutionary application’s features are unique, as it allows your investments to copy another designated trader. Therefore, you are able to get access to the knowledge of the best professional traders with one click.
History of Social Trading
Social trading platforms were first introduced in currency trading. The idea came from the world of social media. Integration of social networks– like Facebook and Twitter –revolutionized communication methods used in everyday life. People also want interaction and other people’s opinions on issues that have previously been private. The benefits of socializing have also become apparent to many, when your decisions are not relying only on your own knowledge; it is easier to avoid the most common mistakes and pitfalls.
For binary options investors, social investing had not been possible previously. It is still a new form of investing, so much so that most companies are still promoting binary options. At the same time, many other forms of investment have become closely involved with social interaction and networking. In fact, the best investors have always networked with each other and shared their knowledge, in secret, and this networking gave them a great advantage over the average investor.
The revolutionary idea behind Copyop is that you will be rewarded for having and attracting followers. This way, highly skilled investors– who would otherwise only share information with each other –become open to sharing their inside knowledge with you. However, the biggest winners are the ordinary investors, as they and you are now capable of accessing the same resources as professionals do, completely free of charge.
Copyop is based on a simple but revolutionary idea: watch, copy and trade.
Copyop Binary Options: How Does It Work?
Traders can basically copy anyone who trades on Anyoption or Copyop. After you have activated the software and chosen the traders you want to copy, your trades are automatically done for you. You don’t even have to be logged in. You also get real time social feeds from the traders you have chosen to copy. When you start to copy other traders, others can also copy you, even if you are only copying others.
Everyone whose investments are copied will be awarded Copyop coins, which can be converted into real money. So, when you make profitable investments, you can make money in two different ways:
- by making good investments; and
- when others copy your investments (this will happen if you are a good investor).
This revolutionary idea is the reason behind the success of the application. Practically anyone who is able to make money by trading binary options can make even more money by making their investments public.
Guide: How Much Can You Make by Copying And by Getting Copied?
You don’t necessarily have to copy other traders to see their trades; you can also choose to follow them. That way you get to just follow their trading feed. When you have observed for long enough, you can start copying or stop following them. When you are finally successful enough, so that others start copying you, you will be rewarded. The amount of coins you get doesn’t depend on how successful you are as an investor, but only on the number of copiers you attract. Therefore, you can earn even when you lose, if you manage to get others to copy you.
For each copied investment, you will be paid two coins. The value of 60 coins is €10; the value of 250 coins is €50; and the value of 600 coins is €150. The maximum amount of copiers is 100, so you can earn up to 200 coins on one trade. If you make ten trades per day, you can earn 2,000 coins or €500 per day. In addition to this, you will still get all the profits that you make for yourself by trading.
It is important to note that, in order to earn from copiers, you must have a real money account. You cannot earn coins for getting copiers using a demo account. You also cannot earn money by acquiring copiers who are using a demo account. This also has a bright side: if you copy the investments of a certain trader, you will know that the trader has risked their own money and that they are serious about making money from their investments.
Strategy: Copying Trades vs. Investing Yourself
You may be wondering if it is worth investing your money yourself or if you should just copy other investors. I have a clear answer for you: you should definitely invest yourself as much as possible. When you copy others, you get lower payout percentages. The maximum payout you will get is 60%if the investment goes right, and a 15% refund if the investment goes wrong. When you invest yourself, Copyop offers you a 6% to 80%payout and a 5% to 25%refund.
Arguably, it would make the most sense to order trading feeds from successful investors and then set the investments yourself. This would however mean that you have to be ready and monitor the feeds almost constantly. It is however a much more sensible solution to simply set your trades to copy the best traders, as well as look for good investment opportunities and have bigger stakes on those ones.
Best Traders to Copy
If you don’t want to rely solely on your own assessment when selecting the traders you want to copy, Copyop provides you two excellent places to pick traders from:
- The first one is “The Explore Feed”, in which you can find the most interesting and popular recent trades and therefore the most successful traders.
- The second one is “The Hot List”, in which you can see the top ten traders of the last twelve hours, the last seven days or the last three months. I recommend using this feature, and especially the last week and month lists.
Remember, that the top ten list displays the biggest winners only in monetary terms. When you are copying other traders, your investment amount is always the same. For example, there could be a trader in the first place on the top ten list, who has only made a couple of correct investments with big amounts, but dozens of incorrect investments with smaller amounts. In this case, even though they have actually made a profit, all their copiers have made losses. Therefore, the hit percentage is more important than getting onto the list. In order to make a profit, the trader’s hit percentage needs to be about 60%. This means that you will want to copy only those investors who have an average of correctly hitting at least six out of ten investments.
The easiest way to find this out is by opening the list of investor information. This will directly show you the investor’s hit percentage. In addition, you will see other useful information. Including, how many traders copy and follow that trader, what their best winning streak was, what their best trading asset is, the number of investments they do on an average day, and their Copyop risk profile, which tells you how risky their investments are on average.
Tips: Best Ways To Get Others To Copy You
If you want to earn money without taking any risks, the best way is to get others to copy you. There are basically two ways of doing that. You need to get into the “Explore Feed” or “Hot List”. The first one is not useful, as only a few traders get to see you if you appear only in the feed. It is much better to get into one of the top three spots on the “Hot List”. This way, your profile will also be displayed on the front page. This is extremely important, as you will get a lot more visibility.
Next, you have to decide in which list you want be shown: the best trader, the best trade or the best copier list. According to my own experience, it is more useful to appear in one of the first two. Getting there is also much easier and more straightforward than getting onto the best copier list.
Copyop does not take into account your hit percentage in any way. This provides you an opportunity to get into both of these lists with one big successful investment. This way, you can get a large number of followers with just one successful investment. You should search for a little lower-risk investment for this purpose.
Next, I will provide you simple instructions on how you should act. Currently, by just following my instructions, you can earn money almost without any risk. This method is so easy and effective that, when I said I would publish it, a few of my friends called me crazy. I believe that Copyop will change the rules in the near future, so soon this will not be possible, despite definitely being one of the easiest ways to earn money at this time.
Find suitable low-risk investments
When trying to make it onto the “Hot List” it is quite possible that your investment goes wrong. Then you will not get any copiers. Therefore, it is essential to look for lower-risk investments. Monitor the share price trends and financial news, and think about which investment would most likely go right. I cannot give you precise instructions on that; if I knew which investment would be more likely to generate profit, I would be the richest man in the world.
Everyone must search for the right investments and make their own best assessments based on their ability and know-how.
Calculate how much you need to earn in order to get into the top three.
You should always aim to reach the number two spot as a minimum. If you aim for the number three spot, you take the risk of someone else knocking you out of the front page with one successful investment. The calculation of how much you need to earn in order to get to the first place is extremely easy. Let us take a simple example: at this time, the investor in the first place has won €600.
You can find a good low-risk investment through which you can receive a 70% profit if you hit it right. Therefore, your investment must be at least 600 divided by 0.7, which is about 860. Keep in mind that you cannot round the figure downwards, otherwise you will get less than the amount you need.
As soon as you appear on the list and start to get followers, you can start investing with smaller amounts and just collect profits
You will notice that, as soon as you appear on the front page, you start to get followers and copiers at a very fast rate. Now, when you have a number of followers, you get Copyop coins with each investment you make. Coins are directly convertible to cash. When you have one hundred copiers, you get 200 coins with each investment
, corresponding to a value of €40.When you invest a minimum amount of €25, you earn €15 with each investment, even if all your investments go wrong. However, I suggest you invest as well as you can, so that you can keep your copiers and you don’t need to repeat the first two steps too soon.
As you can see, you get many more copiers by getting into the best traders list than by getting into the best copiers list.
Other Useful Features
In addition to the above features, this software platform offers other useful risk and money management features. You can set a limit on how many trades you want to copy (all or some predetermined number such as 5 or 15, for example). You can set your stakes (€10, €25, €50 or €100 per trade). Plus, if you prefer, you can only copy predetermined assets of one particular trader (only currencies, for example). This way, you can copy several traders, which would not other wise be profitable traders if you look at their all trades. For example a good currency trader, but a bad stock trader. Then you only want to copy his currency trading actions and leave the stock trading outside where he is not that professional.
You can also stop copying at any time. If you find that any of the trader’s investments have started to go bad constantly, it is recommended you stop copying, at least for a moment and observe if the trader’s results are due to bad luck or bad investments. The minimum investment for copying is €10. When you invest in yourself, the minimum is greater (€25), which I think is weird.
It is also important to remember that you don’t copy other investors investment sums, only their investments. Because of this, I recommend monitoring successful investors who generally invest the same amounts as you. Then your results will be close to the trader’s results.
If you want, you can share your investments directly on Facebook. In this case, your Facebook friends can see your Copyop investments and you will see theirs. Of course, this is voluntary. Copyop will never share anything on Facebook without your permission.
Support can be reached via e-mail or through the contact form. The support email address is [email protected] is currently no option to contact support via telephone.
However, if you open an account with Anyoption first (recommended), then you will be able to get the telephone / live-chat support method available through Anyoption. They are also qualified to answer questions regarding the Copyop software platform. In my test, I did not find any differences between the answers. I am quite sure that Copyop uses the same customer support staff that are working for Anyoption.
If you are also interested in binary options trading, you can get a lot of valuable educational material by registering first with Anyoption, you will not get this material if you register with Copyop first. But a Copyop customer (without registering with Anyoption), you don’t get access to any extra material, that Anyoption customers don’t get.
Copyop is currently available in five different languages, English, Spanish, Dutch, Italian and French. Considering the fact that it is a new company and still growing, I am sure that more languages
will be added soon.
All transactions are secured through SSL-connection. This way, they can assure that your confidential data cannot be taken by anyone who should not have access to it. All customer funds are kept completely separate
from the company’s own funds. This way, they prevent any possibility of abuse. For the main source of data for pricing and expiry rates, they use Thomson Reuters.
Minimum Deposits and Withdrawals
Deposits can be made with the following credit cards: Visa, Amex and MasterCard. The minimum deposit amount is $200.The other deposit methods are a number of different debit cards and bank transfers.
Available currencies are US Dollars, Pounds Sterling or Euros. Please note that you cannot change your currency after registration. There is no minimum withdrawal amount, but it is worth noting that you can only make one free withdrawal per calendar month; every additional withdrawal will be charged a fee of $30 USD/€25 EUR/£20 GBP.
The Copyop mobile app can be downloaded from the App Store or Google Play. It is an excellent, user-friendly social trading app for those who wish to trade on the go.
Comparing it to its competitors, the Copyop app is much easier to use, and more reliable and faster when the internet connection is not so good. I recommend everyone who uses Copyop download the app.
Is Copyop a Scam or Not?
Copyop is not a scam. It is actually one of the most innovative trading platforms currently available on the market. However, unlike binary options robots, you have to be ready to put some effort into the trading yourself.
It is not a fully automated trading software platform, so a big part of your profits is based on the time and effort you are willing to apply. If you want to use fully automated software, the only ones currently available for free is The Real Robot and Option Robot
Conclusion And Overall Rating
If you have the patience and time to really search for the best investors to copy, the results produced by this software platform are extremely good. You should not copy random investors without thinking, otherwise you will lose your money. If you are a good investor, Copyop also provides you the opportunity to share your knowledge and earn significant amounts of money doing so.
Overall score of 4.8 out of 5.0.
This software platform is one of the most innovative I have seen over the last few years in the world of binary options. If you want to start investing, I recommend first opening an account with Anyoption by clicking on the button below. This way, you will ensure the best possible bonuses and benefits for yourself.
7 Binary Options
Copyop has shut down their operations.
We recommend choosing one of our top binary option brokers instead:
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Try also Binary Option Robot if you are looking for automated binary trading.
Copyop is not your typical binary options trading site and it’s not meant to be. It is a little hard to describe because it is more like a follow the leader type site than it is a true binary options trading site. It could probably more easily be compared to an auto trading robot that tracks people’s trading skills as opposed to asset analytics like most auto trading software does.
The site is run by the same company that runs the world’s largest binary options trading site, Anyoption. It is a relatively new site that was just launched earlier in 2020. It expands on a popular new way of trading binary options called ‘social trading’; which basically means you don’t do any technical analysis yourself; you just mimic the trades of other more experienced and consistently profitable binary options traders. You can copy the trades of those people who trade on the Copyop or Anyoption websites. It is really the first ‘full-fledged’ social trading web broker.
For the purpose of this review we will not add information about the Anyoption website. There is a full review here under are binary options broker reviews section if you want to learn more specifics about Anyoption.
There are two ways in which a trader can register to trade on Copyop;
- either by signing up for the website directly
- or by linking to it from the anyoption website.
You might want to consider doing the latter if you are the type of trader that likes to take advantage of some of the bonuses that Anyoption offers. One of the nice things about each site is your deposited funds can be used on either site too. You might want to note that we actually had to ask for the bonus after signing up and you have to be aware there are trading minimums before any bonus money can be withdrawn too.
There are 3 different choices of currencies that can be used to open an account in Copyop;
You have to be careful which one you pick because after the initial deposit you can only add or withdraw money in the same currency. You do not actually need to deposit money to open an account and this will allow you to check out the traders you can follow and see the features of the website. After doing this you can pretty much expect a phone call from the Copyop sales team to help you out.
Who are Those Traders that You can Copy?
There is no set format to whose trades you can copy; you can copy any person that trades on either site and any person can copy you. Really the only condition is a trader can only have a maximum of 100 people that copy there trades.
As we did our review we only saw one instance of a trader being maxed out. You can also keep an eye on a specific trader without making trades and have it displayed on your social trading feed. There is a lot of flexibility built into the web platform as far as how you look at another investors trading.
Another thing to note is there is no slippage with Copyop like there is with FOREX social Trading. Slippage is the difference in the trade from when the person whose trades you are copying and the price when you decided to copy is factored in. You get the identical trade parameters as the person you are copying with Copyop. The drawback is you get slightly lower return on investments than the person you decided to copy. Most people accept this as the cost of being able to access the service.
Most sites that allow social trading only let you do it with FOREX but that is not the case with Copyop. You can use it with stocks, Indices, commodities and FOREX pairs. Interestingly enough you will be rewarded if you place trades and people copy you. You are copying real people who are risking their own money so that in itself should increase your confidence level in the trading process. There is a small payout on losing trades too. You can increase your profit by watching traders and manually copying their trades instead of using the ‘automatically’ copy feature; of course this takes more time too.
Video: Copyop Social Trading App
How to Observe and Select Which Traders You Copy
In order to be successful with this web broker you need to know how to pick out the successful traders. With what we teach you here you will be able to choose traders to copy from both Copyop, Anyoption, Banc de Binary and 24option as was mentioned before.
Keep in mind that you can’t see every trader at once or look at a list of traders results, that is probably where the risk of trading this way comes in bit you can hot the ‘random explore’ tab or the ‘hot list’ tab to try discovering new traders to follow who have a record of success. The explore tab brings up random traders that have recently traded and the hot list brings up traders who are trading well as of late.
Here is a list of what you can see about each individual trader:
- Nickname, country, joining date, risk percentage
- Number of people watching them
- Number of people copying them
- Hit % on their own investments
- Longest winning streak
- Number of trades per day average
- Incremental hit percentage
- Last three trades
- Asset breakdown on their trades
One of the big drawbacks with Copyop is that you can only see the last three trades an investor makes and not a complete history of the clients trading or their current open trades; this is consistent with other sites that allow social trading also. The most useful stat is probably the trader’s hot percentage when factored on their last 120 trades. The lack of detail on the trader that you want to copy is what keeps people from doing social trading a lot of the time.
Screenshot of Copyop Website
How Copyop Handles Risk and Money Management
As with all binary options trading, on Copyop you will know and be able to assess risk before you make a trade. It is one of the nice benefits when it comes to binary options trading. That is a lot different than say FOREX trading where you have virtually unlimited risk until you get to your stop level. Even when you are copying other investor’s trades you still get to assess the risk versus reward on that trade before you execute the copy feature.
When you copy a trader you will be asked the following:
- Exactly how many of the investor’s trades do you want to copy
- The amount per each copied trade
- What assets are involved in the investor’s trades that you want to copy
You may stop copying a trader at any time you so choose.
It must be noted that when you are copying trades the amount you invest stays the same per trade regardless of what the person you are copying invests. So you must be aware that there is no proportionality in percentage to the amount the copied trader invests. It is fixed for every trade you copy for the amount you selected for each copied trader. Because of this your results will never be exactly the same as the trader you copy. As explained before you will also not receive the same return on investment as the trader you are copying because they get a small percentage of what you make on the trade.
You can do such things as only take the trades of the people you are watching that they invest the most money. This may give you an indication of their confidence level in a particular trade. Someone who invests $2000 in a trade is obviously more comfortable with that trade than a person who only invests $200 on the same trade. You can study the information given on each trader and come up with your own conclusions for each trader and invest accordingly. If you watch a trader long enough you can really pick out the reasons why they are winning on certain trades and not on other ones. For example: A trader may only have a 40% success rate when trading but an 80% success rate in trades involving gold; so you would want to copy this trader only when they do a trade that involves gold as an asset.
Copyop Costs and Fees
There are not a lot of fees and costs as far as Copyop is concerned. Signup is totally free and you can even make one totally free withdrawal each month.
Copyop Customer Support
Customer support options are limited but functional. You can only contact this web broker by email or contact form; that means you can rule out ever getting a quick answer to a question or concern. We were not thrilled with that aspect of their customer service at all; as a matter of fact the average response time to the questions we submitted was three to four days and improvement is certainly needed in that area.. The FAQ page is not extensive either but what is there is very thoroughly covered and explained well.
There are a lot more support options for their sister site anyoption, so again we lean toward accessing Copyop after you sign up for an account with anyoption.
Copyop does have a nice variety of learning tools that they give access to those that register for their website.
Social Media Access
Copyop does allow it traders to connect using their Facebook account too; once you do this your friends can see your trades and vice versa. We are not sure why you would want your friends to know you trade and how much but this could be useful if you had an account that was made up of just trading group friends.
Unfortunately Copyop does not provide their users with a demo account at this time. As was mentioned before they do allow you to see the features of the website and follow some traders after signing up even if you have not made a deposit. At least that way you get a little sneak peek into the website. It will give you a good idea how successful a lot of the traders are on the website.
Pros and Cons
- Takes statistical analyses out of play
- It’s an excellent site for those with no binary options trading knowledge to make money
- There is a large selection of traders that can be copied because you can copy those from their sister site anyoption; it’s the biggest binary option web broker in the world
- Simplifies social trading
- You copy traders that are risking their own money and you can copy anyone
- The site has an easy to understand user interface
- Tools to limit and manage risk
Our Final Thoughts on Copyop
This site is very different from other web brokerage sites for sure. As we stated it is much more a form of auto trader than it is a binary options website but you can still place your own trades too but make no mistake about it the site is made to help you coattail off the success of experienced traders. There are a lot of pros and a lot of cons so clearly this type of website is not for everyone. If you’re into trying to profit from other trader’s skills then there is no harm to giving Copyop a try. You may want to consider signing up for their sister site Anyoption so you get the bonuses they offer and can still access Copyop too.Best Binary Options Brokers 2020:
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