Replica Trader allows you to link your exchange account to follow a lead trader. Whenever the lead trader places a trade, that trade is replicated in all the follower accounts with the same proportion as the lead trader. For example, if the lead trader currently has a $20,000 account and places a trade for $2,000, a follower with a $10,000 account would place a trade using $1,000. Your money/cryptocurrency never leaves your exchange account.
Security is of the utmost importance to Replica Trader. We have taken all reasonable steps to ensure your information is safe. As further confirmation of security, Replica Trader does not require withdrawal permissions for your exchange account. Therefore, the security of the exchange ensures your funds stay safe in your own account. You can take further steps to ensure security by not sharing your exchange account or Replica Trader passwords with anyone. Replica Trader will never ask you for your exchange account username and password.
Yes! By following the short list of steps in the sign-up process, a new user can begin following a lead trader in under 5 minutes.
The minimum starting balance for each respective subscription can be found on the subscriptions webpage.
Profits depend on market conditions and the ability of the lead trader. Past performance cannot guarantee future results.
Each subscription has it's own monthly subscription cost. Payments are recurring unless the user cancels their subscription. A user will continue to follow a lead trader until the end of their paid cycle should they cancel mid cycle.
Replica Trader offers the ability to change the subaccount being used to follow the lead trader. Furthermore, you can pause following the lead trader should you decide to. Pausing does not pause the payment cycle, it only prevents your account from following the lead trader's trades. Pausing a follower account will immediately close all positions currently open. Furthermore, re-following a lead trader will re-open the current positions that a lead trader has.