Anybody done any copy trading, mirror trading … social trading in any of it’s several forms?
https://en.wikipedia-on-ipfs.org/wiki/Social_trading.html
Darwinex promotes itself as a ‘cut above the rest’ as it is regulated by the FCA. Also they use a somewhat different MO.
https://en.wikipedia-on-ipfs.org/wiki/Darwinex.html
I’ve considered Social Trading from time to time, but never taken the plunge! 🙂
So if anybody has any good or bad experiences, I (and others?) would appreciate hearing from you please?
No personal experience myself except the same as you – I’ve looked at it and considered it but never actually used it.
My thoughts would be that as long as you use a company that has been established for a while and so has some track history to investigate then why not do some ‘social trading’ as a small part of a diversified portfolio of investment methods. As long as you don’t put the house on it and only use money that you could live without then why not try it?
It would most likely be considered a high risk potentially high return investment and so investment size should reflect this.
eToro has a good model and some significant returns, but it just worries me that one day the trader could go bonkers and just do a bunch of weird trades. Id really like to be able to copy successful algos on here though……. 😬
i agreef with Grahal
Darwinex is above the rest. You don’t follow a trader but a strategy through Darwinex “ETF”..
and the inferface is very good. I add that Darwinex is also approved in France by AMF.
Just had a quick look at darwinex. Does anyone know if it means we could in theory “publish” our successful algo’s here and let people copy trade us in darwin? Or do you have to trade with their platform/brokers?
I have tried Etoro and Darwinex.
Etoro has interesting “copy portfolios”. The bad point is that it is located in Cyprus (less regulations). CFDs with large spreads. And we have to convert our money from EUR to USD (a forex risk you dont want). Very pushy salesmen used to call me to make me add more money… It was a little bit frightening because you feel that they dont understand what they are talking about (markets). I have made money there.
Darwinex is less “transparent” concerning the assets you own at a given point in the time, but has more functionalities. Some Darwins may have very huge drawdonws following excellent equity curves. Based in UK. The leverage you get is unclear but I think they improved it. A lot of French work there. I have lost money there and withdraw almost everything.
Some Darwins may have very huge drawdonws following excellent equity curves. Based in UK.
That was one of my first thoughts regarding draw down when I looked at some of the ‘Darwin’s’ strategies. The fees also looked expensive which seemed to me to make it a long term hold and prey rather than a short term hold and take a quick profit.
The protection for UK ‘investors’ seems good but then you have to consider that the risk of losing all your money via bad strategies that you have no protection from is probably bigger than the chance of the company going belly up and disappearing with your investment… so pretty worthless.
Honestly.. having an eToro type model here would be massive.
Imagine… people “following” your successful algo, with no concerns around code or setup, and you getting paid a percentage of their profits – etoro is up to 2% i believe.
