Binarium Copy Trading - Everything You Need to Know

Binarium Copy Trading – Everything You Need to Know

Did you know that you can copy trades in the binary options market? Brokers like Binarium are making that possible. In this article, we will dive deep into Binarium’s copy trading platform. Stay tuned to learn how you can start mocking the trades of seasoned traders to earn passive income.

Copy Trading Explained

Before we take you through the process of copying trades on Binarium, it is crucial you understand what copy trading means. Simply put, copy trading is a service that allows investors to follow the strategies of experienced traders. Investors do not have to analyze the market. Instead, the lead traders they follow do that on their behalf and then open trades. As an investor, your main job is to select the right trader who aligns with your investment goals.

While copy trading can provide substantial returns, it carries significant risks. For instance, the lead trader’s past performance doesn’t guarantee positive results in the future. For this reason, it is recommended that you invest what you are willing to lose.

How to Register a Binarium Account

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Here is how you can become a Binarium user:

Step 1: Visit Binarium.place and click “Open a Free Account.”

Step 2: You will be redirected to a page where you must fill out the registration form. Enter your name, email, and password.

Step 3: Choose currency. Binarium offers accounts that support various currencies, such as the US dollar, Euro, and many more.

Step 4: Read Binarium’s Terms & Conditions and then tick the checkbox.

Step 5: Press the “Open an Account” button. A verification code will be sent to your email address. Enter it in the space provided to access your new Binarium account.

How to Start Copy Trading on Binarium

Once you gain access to your trading account, it is time to become a copy trader. The first step you need to take is making a deposit. Binarium has set the minimum deposit requirement at $10. You can fund your Binarium account via numerous payment methods, the most popular being debit/credit cards. As mentioned earlier, deposit what you are willing to lose, as copy trading isn’t a sure bet.

Upon funding your account, go to the copy trading section to view a list of professional traders, most of whom have traded binary options for many years. Binarium does not let users pick lead traders blindly. Instead, it provides access to vital information like traders’ success rates, trading history, and more.

After finding a trader whose strategy matches your risk tolerance and investment goals, press “Start Copying” to automatically replicate their trades in your Binarium account.

When you start earning profits, you can withdraw them to your bank account using the supported payment methods. Remember to maintain a reasonable amount in your account to allow your lead trader to open more trades so you can grow your copy trading account.

How to Pick the Right Lead Trader on Binarium

Trusted Trader: In copy trading, a lead trader is judged by the number of followers copying their trades. A trusted trader usually has a high number of followers.

Returns: Consistent negative returns are red flags. Only copy a trader with a consistent positive performance.

Risk Score: Lead traders on Binarium have risk scores on their profiles. If you prefer a conservative investment strategy, choose a trader with a low risk score.

Level of Activity: A lead trader that trades regularly regardless of market conditions signals that they trust their strategy.

Costs of Copy Trading on Binarium

Binarium will not charge you a fee when depositing funds for copy trading. However, you will incur a 10% processing fee when withdrawing profits. While copy trading is free, the lead traders usually charge a commission on generated profits.

Is Copy Trading on Binarium Safe?

Over the years, Binarium has demonstrated its commitment to protecting user data and funds. This explains why the broker employs a proper encryption mechanism and maintains user funds in reputable banks. That said, Binarium is safe for copy trading. Still, we advise doing your own research before onboarding.

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