Types of CopyFX accounts
CopyFX offers Traders and Investors the opportunity to choose from several types of accounts. On this page, beginner traders can find the answer to the question: what type of account should I choose to open?
The reasons why you should
open a cent CopyFX account:
- If you want or can afford to invest in trading or copying transactions only relatively small amounts of money.
- You want to try trading in real market conditions or validate the conditions offered by CopyFX against your expectations.
The reasons why you should open
open a standard CopyFX account:
- You want to earn more money from trading and copying transactions.
- You understand all the advantages of "Market execution" mode.
- You want to invest in one of the traders from Rating, who trades on a standard account.
CopyFX allows Investors and Traders to expand opportunities for cooperation by means of the cross copying system. The system provides Investors with the opportunity to subscribe to Trader’s account even if their accounts are of different types.
You can read more about the conditions of subscription within the framework of the cross copying system on the corresponding page of our website.
CopyFX accounts can be also distinguished according to several other features:
Type of order execution
There are two types of order execution: Instant and Market. In the former case, the order is executed at the price set by the trader. In the latter case, the order is executed at the market price at the time of order processing.
Types of accounts with Instant Execution: Fix-Cent, Fix-Standard.
Types of accounts with Market Execution: Pro-Cent, Pro-Standard, ECN-Pro, ECN-FixSpread.
Spread on CopyFX accounts can be either fixed or floating. In the former case, the difference between the Bid price and the Ask price doesn’t change. In the latter case, the difference between these prices may change under the influence of market situation.
Types of accounts with fixed spread: Fix-Cent, Fix-Standard, ECN-FixSpread.
Types of accounts with floating spread: Pro-Cent, Pro-Standard, ECN-Pro.
Different trading instruments are available for different types of accounts.
38 currency pairs, metals: Fix-Cent, Fix-Standard, ECN-FixSpread.
49 currency pairs, metals: Pro-Cent, Pro-Standard, ECN-Pro.
13 currency pairs, metals: ECN-FixSpread.
The comparison table of types of accounts, which are available for opening in CopyFX, can be found on RoboForex website.