Scope Markets Adds Copy Trading and Reverse Strategy Feature to MT5

Scope Markets has introduced a copy-trading service for MetaTrader 5, adding automated strategy replication to its forex and CFD offering.

The service launches with more than 130 strategy providers. During testing, users replicated more than 500,000 trades before the product was opened more broadly.

Contents

01

Users Can Adjust Copy-Trading Risk

02

Performance Fees Range From 10% to 50%

03

Reverse Copying Adds Another Trading Option

04

About WikiFX

Users Can Adjust Copy-Trading Risk

Clients can select a strategy provider and automatically replicate trades in their own Scope Markets account.

Position sizes can be adjusted using a multiplier, fixed volume or a proportion of account equity. Users can also set maximum lot limits rather than following a providers position size directly.

Eligible clients may register as strategy providers and make their strategies available either publicly or privately.

Performance Fees Range From 10% to 50%

Strategy providers can charge performance fees between 10% and 50%.

The service uses a high-water mark model, meaning fees are not charged on losing trades. If a strategy falls into a loss, it must first recover those losses before additional performance fees can be collected.

The upper end of the fee range is relatively high for a retail copy-trading service, making provider performance and fee levels an important part of strategy selection.

Reverse Copying Adds Another Trading Option

Scope Markets has also introduced inverse copying.

Instead of following a providers position in the same direction, users can automatically take the opposite side. A buy order from the strategy provider can therefore be converted into a sell order in the linked account, and vice versa.

The feature is aimed at users who want to use strategy signals without necessarily following the original trading direction.

The launch adds another product update to Scope Markets MT5 offering. Traders following the broker can also review its regulatory and entity information on WikiFX alongside the latest service changes.

About WikiFX

WikiFX is a global forex broker information and verification platform. It provides broker profiles, regulatory records, licence information, risk alerts and industry updates to help users follow developments across the forex and CFD markets.