The ForexCopy system of the broker InstaForex is a service that allows the user to follow successful Forex traders and copy their trades online in real time. In general, it is very similar to the service Copytrader offered by the broker eToro.
Basically this system allows the clients of InstaForex the instant order execution of trades carried out by experts selected traders. In this case, the client can register to trade with selected currency pairs or other financial instruments and also employing a particular relationship between the number of trades of the selected traders and the trades he wants to copy (a copy ratio). In this way, the trader can define a percentage of trades to be copied.
The system is designed to allow monitoring the trades performed by professional traders registered in ForexCopy. The system page shows updated statistics for each trading strategy trading available.