CopyDo Review - What to expect from the social trading network
CopyDo is a social trading network and a CFD Broker that features on its trading platform CFDs on forex, commodities, indices. CopyDo is a subordinate company of CopyDo Social Investment Network Ltd, a corporation that is regulated and overseen in Cyprus by the CySEC. The minimum spread is for EUR/USD 3.0 pips*. The CopyDo website is available in English only.
What do we cover in our CopyDo Review?
|General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Website address: www.CopyDo.com
- Leverage: up to 1:30
- Instruments: CFDs - forex, commodities, indices
- Minimum deposit: N/A
- Demo account: Yes, free of charge ($1000 of virtual money)
- Methods of deposit and withdrawal: Wire Transfer, Credit and debit cards (Withdrawal Fee $25)
CopyDo Trading Platform
CopyDo is a Social Trading Platform that allows its users to follow and copy other traders portfolios. CopyDo traders can also take matters into their own hands by trading manually. This way other people can Copy any trades that you make. The broker rewards any successful traders who are being copied by other traders on the platform. CopyDo Trading platform runs online from a web browser and does not require any plugins or other downloads.
As any other CFD broker, CopyDo charges a spread fee. For the most current spread charges, please visit the CopyDo.com website. Here is a spread comparison table that contrasts CopyDo spreads with popular industry competitors.
*Spreads recorded on 10.06.2019 at 9:52 GMT from the website of the broker. **Minimum Spreads recorded on 18.8.2023 at 11:26 GMT from the website of the broker.
To sum up the CopyDo Review
CopyDo adheres to strict regulatory guidelines of the CySEC (license no. 366/18). The broker does not have particularly good spreads, but given the fact that the company is a social trading network, they are more than decent. What we, however, don't like is that CopyDo does not feature CFDs on stocks nor cryptocurrencies.
Your review can make a difference to other traders, please leave a comment if you have any personal experience with CopyDo.