Scope Markets has launched Scope Copy, a MetaTrader 5 copy trading service that allows clients to replicate or reverse trades from over 130 strategy providers. The service, powered by PLUGIT’s YOONIT module, follows a beta phase where users copied more than 500,000 trades and requested the unusual inverse copying feature.
The platform enables traders to automatically mirror selected strategies with customizable risk parameters and execution times measured in milliseconds. Strategy providers can charge performance fees between 10% and 50%, significantly higher than typical copy trading platforms, though clients only pay fees on profitable trades under a high-water mark structure that requires providers to recover previous losses first.
A standout feature allows traders to take opposite positions from providers they disagree with, turning a provider’s buy order into a sell order automatically. Managing Director John Murphy said experienced beta testers specifically requested this contrarian functionality, while noting top-tier providers deserve compensation matching their performance.
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FXnCO Insight
** The inverse copying feature creates new opportunities for experienced traders with contrarian views while the higher fee structure may attract premium signal providers to the platform.
Source: Finance Magnates