Become Trader or Follower - Zoomex Copy Trade In-Depth Guide

Copy Trading on Zoomex: An In-Depth Guide

In today’s digital age, where the cryptocurrency market is experiencing a meteoric rise, interest in platforms that simplify and facilitate the trading process has never been higher. Zoomex, a cutting-edge platform renowned for its robust features, offers an intriguing copy trading functionality. This unique feature allows traders to significantly increase their profits, while followers can effortlessly leverage successful trading strategies of more experienced individuals. This comprehensive guide will look deeper into Zoomex’s copy trading feature and provide you with all the necessary insights to make your trading journey smooth and lucrative.

Try Zoomex’s Copy Trade

A Deeper Look Into the Profit System

Zoomex’s ingenious profit system offers a win-win proposition for both the platform itself and the trader involved. Here’s how it works: As an active trader, you’re entitled to a generous 10% share of the net profit earned by your followers. This serves as a strong motivation to develop and execute successful trading strategies that will attract more followers, thus amplifying your potential profits. On the other hand, the platform secures its share by retaining a 10% cut from the trader’s profits. This smart arrangement ensures that the platform can maintain its quality service while providing traders with a significant share of the gains. Importantly, the settlement of profits is carried out daily, ensuring you can track your earnings and gain immediate access to your well-deserved profits.

Go to Zoomex’s Official Website

Fund Transfers Simplified

Before embarking on your copy trading journey, an essential prerequisite is transferring funds into your dedicated copy trading account. Zoomex makes this process straightforward with a user-friendly interface. Here’s the step-by-step procedure:

1. Start by clicking on ‘My Band List’, a feature that takes you to a detailed page listing all your bands.
2. Once there, you need to select the ‘Transfer of Funds’ option.
3. Next, you will be required to transfer the necessary amount into the ‘Follower Account’, which is a specific account designed for this purpose.

As part of its comprehensive risk management strategy, Zoomex does not directly utilize the funds from your primary contract account. Instead, you are required to transfer the needed USDT (Tether) funds into the Follower Account. This is due to the fact that Zoomex’s copy trading functionality exclusively supports U-standard trading pairs. After you have entered the required amount, a simple click on ‘Confirm’ finalizes your transfer, making your funds ready for use in copy trading.

Sign up on Zoomex

Choosing from an Array of Margin Pairs

Zoomex takes pride in offering its users a wide variety of margin pairs to choose from. Each margin pair comes with its own ‘Copy Quota Limitation’. This term refers to the total number of unclosed or pending contracts that a follower and a trader can have simultaneously. Once this limitation is reached, the follower is temporarily unable to follow the trader’s future moves, and the trader is also barred from placing any new orders. Therefore, it’s important to keep an eye on these limitations to ensure continuous and smooth trading. It’s also crucial to bear in mind that a trader’s capacity to place orders is capped at 100,000 USD, inclusive of leverage.

Try Zoomex’s Copy Trade

Managing Your Orders Like a Pro

Zoomex provides a flexible and powerful framework for managing orders. By visiting the ‘My Band List’ page, you can tweak and adjust ongoing orders based on your trading strategy. This includes modifying the take profit ratios, tweaking the stop loss ratios, and even closing orders when needed. For an even more comprehensive overview, you can manage all types of orders by selecting the ‘Trading with Orders’ tab. This tab provides a panoramic view of your orders and lets you control them with precision.

Go to Zoomex’s Official Website

The Journey to Becoming a Trader on Zoomex

If you’ve ever thought about becoming a trader on Zoomex, you’ll be pleased to know that the process is simple and straightforward. Follow these steps to kickstart your journey:

1. Begin by visiting the Zoomex official website. If you have an account, simply log in. If not, take a moment to apply for a Zoomex account.
2. Next, click on the ‘Become a Trader’ button to initiate your application process. You will be required to fill in your nickname, mobile phone number, email, TG (optional), personal profile, and upload an avatar.
3. After your application is reviewed and approved (which generally takes about 3 days), you can start creating and executing orders.

Go to Zoomex’s Official Website

Harnessing the Power of Copy Trading Service

Followers, or those who wish to capitalize on the strategies of experienced traders, can easily leverage the copy trading service provided by Zoomex. Begin by creating an account and then proceed to the copy trading page. Here, you can select a trader whose strategies align with your trading goals and click on ‘Order Following’. Keep in mind that copy trading is a high-leverage and high-risk activity, so it’s crucial to choose your trader judiciously.

Once you’ve chosen a trader, you need to set up an order. This involves selecting the margin mode and its type, establishing the leverage, determining the order size, and setting the take profit/stop loss ratio. It’s critical to ensure that there are sufficient funds in the Follower Account before starting to copy. If you want to stop a copy, you can do so by transferring the funds from the Follower Account back to the contract account. Keep in mind that Zoomex will pre-deduct 10% of your net profit before returning your funds and net-profits, so plan your trading strategy accordingly.

In conclusion, Zoomex’s copy trading feature is a powerful tool for both traders and followers. It offers a unique opportunity to multiply profits and leverage the expertise of seasoned traders. With a thorough understanding of its functionalities and effective management, this feature can pave the way to potentially lucrative returns on your investment. Embark on your trading journey with Zoomex today, and experience the world of cryptocurrency trading like never before.

Try Zoomex’s Copy Trade