Copyop Review | Is it a Scam?

Copyop is one of the most innovative binary options 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.

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)

Copyop Bonus

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?

Copyop is a social trading platform. If you prefer 100% automated trading software that doesn’t require as much work or effort from you, then you should check the following pages and learn how you can make money while you sleep!

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What is Copyop?

Copyop was launched in January 2015, 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 idea

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.

copyop best traders

You can easily find the best traders on the front page or on the hot list.

  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.

copyop review best traders

The front page is displaying the best traders. You will see a nickname, an avatar (you can use a pre-existing avatar or put your own picture), the trading asset and the most profitable trade.

 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.

copyop mobile

You can also use Copyop with a smartphone or tablet.

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.

Copyop features

With features like “The hot list” trading is more profitable and funnier than ever before.

 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.

Step 1: 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.

Step 2: 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.

Step 3: 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.

copyop hotlist

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.

copyop usability

You do not need any previous trading experience to use Copyop.

Customer Support

Support can be reached via e-mail or through the contact form. The support email address is support@copyop.com.There 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.

Languages

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.

Security

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.

Copyop App

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 are The Real Robot and Binary Hedge Fund. You can read more about these two on our front page or in the following articles:

  • Binary Hedge Fund Software Review(Invest through a hedge fund with small starting capital. Learn how the world’s most famous investors have earned their millions. You can do it too with these instructions.)
  • Mike’s Auto Trader Review(Michael Freeman – maybe the most popular figure in the binary options world – reveals his secrets of success for the first time.)

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.

Signing Up

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.

If You Liked This Article, Read Also Our Other Articles:

Written by Michael Allen

References and Further Reading

US Power in International Finance : The Victory of Dividends : Leonard Seabrooke

International adaptation finance: The need for an innovative and strategic approach: B Müller

The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street By Justin Fox

Regulating Wall Street: The Dodd-Frank Act and the New Architecture of  Global Finance By Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson, Ingo Walter.

Market Efficiency or Behavioral Finance: The Nature of the Debate: George M. Frankfurter & Elton G. McGoun

The Wall Street-Main Street Nexus in Financial Regulation: Business Coalitions Inside and Outside the Financial Sector in the Regulation of OTC Derivatives: Stefano Pagliari and Kevin L. Young

Do Insider Trading Laws Matter? Some Preliminary Comparative Evidence: Laura Nyantung Beny

Wall Street and the housing bubble: IH Cheng, S Raina, W Xiong

Who Needs Wall Street-The Dilemma of Regulating Securities Trading in Cyberspace: CK McGlosson

Michael Allen

Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.