Opinion about copyop

IMPORTANT: Trading with binary options has recently been banned. However, in our domain you will find an entry with the best online brokers of 2021 to help you choose a portal that suits your needs while ensuring secure transactions and operations.

copyop it is a social investment platform in which you can invest in binary options and follow or copy other web users, in such a way that you can carry out exactly the same strategy as them. But is this really a reliable investment possibility or is it a scam? Keep reading to find out.

The financial broker that we are dealing with in this review specializes in binary options, in fact it is owned by the same developers of anyoption and, therefore, allows you to trade in the sensational offer of underlying assets of this platform, including commodities, indices, stocks and Forex.

With regard to security, we can assure you that it is a secure website in which there is no place for fraud and you can operate with absolute peace of mind. Below, we offer you our analysis so that you can see the arguments by which we defend that we are not facing a scam.

Our experience with copyop

The first thing to say about this platform, as with other social trading brokers , is that the experience is more fun and interesting than on traditional investment platforms. However, this would be of no use if the investment options were not satisfactory, but the truth is that in this case they are. As you can see in the table below, the company behind the broker is Ouroboros Derivatives Trading Limited, that is, the same one that manages anyoption , in fact with an anyoption account you can log in to copyop and vice versa.

Consequently, the security checks we have performed on here have not been limited to their website, but we have also reviewed anyoption. We detail them in the following section.

In addition, due to its social trading nature, this platform rewards the most active investors with a virtual currency. Every time you make an investment you will receive an amount of said currency, which will be multiplied if you have followers, in such a way that the more users follow your investments, the more coins you will accumulate. Once you reach certain minimum limits, you will be able to convert virtual currencies into real money. We always say that social trading is especially interesting for those who want to start investing, because it allows them to learn from more experienced investors.

copyop: Scam or legit?

As we have already mentioned, the entity is not a scam nor does it carry out any type of fraudulent activity. The company that manages this financial intermediation website is Ouroboros Derivatives Trading Ltd , a company registered with the Cyprus Securities and Exchange Commission (CySEC) under license number 187/12. The main security guarantees offered by the company are based on this fact, since it implies that it must follow the regulations and mandates of the Dollarpea Union related to investment, including the regulations of the dollarpea Directive on Markets in Financial Instruments (MiFID) and membership in an investor compensation fund. In addition, it is also registered with the CNMV. Therefore, we can affirm that we are dealing with a company that is dedicated to investment without any suspicion of scam.

Finally, it must be taken into consideration that, since it is possible to copy other users in social trading brokers, it is important that the information offered by the broker about users is absolutely transparent so that we know, without a doubt, on the basis of what data the platform has made its statistics.

On this website you will have access to the following user statistics: Name, country, date of registrations, risk percentage, number of followers and users who copy you, number of users who follow and copy, percentage of success in their own investments (without taking into account the investments they copy), longest winning streak, average number of daily trades and last three trades. Unfortunately, these statistics seem insufficient to us to be able to make a decision on who to follow, since we would need statistics covering a longer period of time. The same goes for the best traders list which is limited to too short time periods from 12 hours to 3 months. Now, if we focus on whether copyop is a scam or not, the transparency of the data is absolute and we cannot say that it is deceiving us since at no time pretend to be showing what it is not showing. The way to have better statistics is to track some users ourselves. If we follow them, we will be notified of each of their operations, so it will be easy for us to keep track of their operations. It does not seem optimal, since the platform could offer this information automatically, but when investing, we must be cautious and not let laziness make us make a mistake.

Copyop offer

As we have already mentioned, it only offers the possibility of investing in binary options, so if you are interested in another type of investment such as it would be investing in CFDs or forex trading you will have to choose another platform.

Regarding binary options, the supply of assets is sufficient. In addition, since the main functionality of this financial institution would be to copy other users, in this case the availability of assets is not so extremely important, since the platform is only going to show us users who operate on it and, therefore, all the operations that we see will be accessible.

In copyop you can choose between three basic functionalities. Investing yourself, which will bring you benefits of 80% or more in successful operations, following other users, which does not really imply an operation, because you would limit yourself to receiving notifications when others operate and copying users, so that you would reproduce with your money the operations of the other investor.

Social trading

When investing in social trading, the best practice is to copy users who have benefits in the long term. It is useless to copy the user with the best profit in the last 12 hours, if in the next day he is going to lose more than everything earned in the previous day. Keep in mind that even the worst traders have good streaks. Therefore, the statistics that can be found here do not help us much when investing. However, we can benefit from the notification system and thus get our own portfolio of reliable investors.

The first thing we must take into account is that when an investment is copied, the profit that will be obtained will not be 80% but 60%, which means that we need the traders we are going to follow to have a success rate of approximately 60%. In the case of failed operations, the return on an investment made by yourself will go from 5% to 25% while that of a copied investment will be 10%-15%. The best practice that we can carry out in this case is to follow a few users for an extended period of time and check their performance. For this a simple spreadsheet and some patience will suffice. Unfortunately, you do not have a demo account, as this would be the easiest way to get user statistics. So at first we will have to invest time in taking the trouble to keep the statistics of the users we want to follow, since the platform will only give us the statistics in the short term. If we do this, over time we will be adding new users that will add diversification to our portfolio and we will have a good selection of traders to follow. Of course, we must always keep keeping their statistics. Once you decide to copy someone automatically you can select the amount of money you want to put in each copied operation and on which assets you want the operations to be copied.

Offers and bonuses

Currently no welcome bonus is being offered, but in their terms and conditions appear the conditions that the user must meet in the event that they grant a bonus, so we understand that they are not closed to this promotional practice. Many times the most convenient thing is to ask customer service if they have any bonuses available, since they may offer it to you that way. In any case, below we explain the conditions in case when you access the website you are lucky and there is a bonus.

If they grant you a bonus you will have 7 days to accept it, or else they will understand that you are not interested. The means of notification are usually either through the web with a pop up at the top or by email. To accept it, you must do it explicitly by clicking on the button intended for this purpose. Once you have the bonus, you must meet certain conditions in order to withdraw the money to your account. The main condition is that you must invest the deposit money plus the bonus money 15 times in a period of time equal to or less than three months. That is to say that if for an income of $ 100 they give you a bonus of another $ 100, you will have to invest 15 × $ 200 = $ 3000 to be able to withdraw the money. You may also be offered specific bonuses for certain products or types of investment.

Payment methods

The payment methods available in this social trading broker are not too diverse, but they offer you the most common ways to enter among New Zealand users: Visa credit card, a MasterCard or Maestro, Skrill or the traditional bank transfer. The minimum income is $250. When it comes to money withdrawals, the company complies with anti-money laundering regulations, which means that they will ask you to verify your identity by sending them copies of your identity card and credit card. From Estafa.info we recommend that you use the bank transfer, as this way you will not have to send a copy of your credit card. The first monthly withdrawal is completely free, and the following ones will entail a fee of $25.

In addition, it is important to bear in mind that all money transfers between the website and users are protected by Secure Socket Layer (SSL), in such a way that the transfers are totally secure. As for the costs, they are really affordable.

Copyop security and regulations

As for whether copyop is a scam, there should be no doubt. As we have informed you previously, the broker meets important security requirements derived from the fact of being registered with the CySEC (number 187/12) and the CNMV (number 3482). This implies that it must also follow the regulations stipulated by the Dollarpea Union, especially the provisions of the dollarpea Directive on Markets in Financial Instruments (MiFID). To top it off, it is a member of the Investor Compensation Fund (ICF), which ensures compensation of up to $ 20,000 to those private investors who were harmed by the broker's bad practices, according to the Cypriot financial authority.

If you have arrived here worried about whether it is a scam, we must clarify that the accusations that can be read on the internet come mostly from users who have not fulfilled the conditions of the welcome bonus, or who are not able to prove their identity by providing the broker with a copy of the identity card and credit card or some other official document that proves the identity. The truth is that it is an absolutely reliable company, which does not mean that investing in its website is without risk. The risk exists, but not because the company is a scam, but because of the nature of investing in binary options.

Customer service

In this section it does not deserve a very good note. We have found a phone number to contact them in case of complaints (+357 22 024880) but it is not a number that is available on their website. If we attend to how they want to be contacted, the only option available is by email or through the contact form published on their website. The truth is that for an investment platform in Estafa.info we would prefer to have more contact options, especially a more immediate one like a phone number in New Zealand or a live chat. In addition, the frequently asked questions section is very limited and the answers are somewhat concise.

Functionality of the website

In this section we have no complaints. The website is absolutely functional and we will be able to operate on it without problems. All the options are intuitive, we have not found links that go to empty pages and the aesthetics are acceptable without distracting elements. What we have detected is that some of the sections of the FAQ page are a bad translation from English, so we advise that if you use this section, change the language of the page to English, otherwise we could fall into major confusion.

Copyop mobile app

copyop has apps available on the Play Store and on iTunes. The functionality of the apps is good, although sometimes their performance may depend a little on the capacity of the device you use. User reviews are not too benevolent, but they usually concern criticism about the fact of having lost money on investment, and not about the functionality of the application itself.

Conclusion on copyop

copyop is not a scam or a scam . The regulations of the Dollarpea Union and Cyprus cover the users of this company that is also registered with the CNMV. When taking out the money, you must prove your identity, which ensures that no one will be able to access your money without your authorization. On the negative side, it should be noted the few options to contact customer service and, above all, the lack of good statistics of the users you want to follow.

The offer of assets in which to invest is good, and the functionality of the website acceptable. This is one more possibility to access the social trading market, but there are undoubtedly better options to do social trading that you can read about on our website.