If you are here, it means that you are part of the minority who choose to have money working for them and not the other way around.
Congratulations on taking the first steps and thank you very much for choosing us to be your copilot in your copy trading journey!
If you landed here by chance and would like to know more, please refer to our official website for more information.
Without further ado, let’s get right into it!
First step, opening the account.
Chances are you already opened your account after reading about this project on our website, if so, you can skip to step 2.
To open your new account, simply click on this link. Following you should see something like this:
Make sure you fill in all the required information as requested by the form. Where it says “I have the partner code” you must enter the following 4 characters: pohy.
Protecting your account and your funds
Once you access your account, it would be ideal for you to enable Multi Factor Authentication (Also known as MFA).
You can do that by simply downloading Google Authenticator app (or any authenticator you might prefer) on your phone and then following the onscreen instructions you find here.
Once you access that link, you will see several security options, the second one being Two-Factor authentication. Just click on enable and follow the instructions.
Protecting access to your account is of utmost importance, as cyber attackers are always lurking around. If you’d like to know more about cybersecurity and how to protect yourself from cyber threats, follow Matt on LinkedIn.
That’s it for now! In the following step, you will learn how to create the sub account you will use to copy trade the operations of the master trader.
Second step, opening the sub-account.
We at Forex Copy Master align with two golden principles:
- Protect Your Wealth 2. Grow Your Wealth
For this reason, the master trader developed a trading strategy that consists in opening very small positions for each trade he performs.
This is why he operates on a “Pro Cent” account, where everything is measured in a cent of a dollar. We will explain about his operations in more detail in another post.
For now, all you must do is open a pro-cent sub-account to be aligned with the master trader’s account. This way you make sure you maximize your profits and minimize the risk.
How to open the sub-account to copy trade.
- Sign in to Robo Forex
- Hover (or tap if you are on your phone) over “Accounts”. You should see the following screen:
- Click on “Real account” under the “Open a new account” section.
- Fill in the blanks and make sure you write the affiliate code right, as that will allow your account to have micro lotting enabled. This is how your account should look like:
Notice you will have a separate password for each account you own.
That password is not the same as the main account password.
Make sure the password is not too weak but also one that you can remember.
A password manager can really help you achieve good quality passwords while not having to remember them.
To sum up, make sure the values of the account are:
- Trading platform: MetaTrader4
- Account type: MT4 ProCent
- Currency: USD
- Leverage: 1:1000
- Affiliate code: pohy (Make sure you enter this right, as it will enable the micro lots for your sub account)
Important: You will be asked for the sub-account password when performing withdrawals.
Third step, funding your account.
So far, you have a brand-new main account and the trading account you will use to copy trade the master trader. Now, it’s time to fund the account so you can start operating.
To do that, you must hover (or tap, if you are using a phone) over the “Funds” section on the blue banner on top of RoboForex site as shown in the following image:
Then, click on deposit funds, the first option below “Deposit/Withdrawal” section on the left:
Once you click on “Deposit Funds”, you will be taken to the funding section:
Which funding options you find available to you will depend on your region. When funding the account, make sure you choose the sub-account you created so the funds go directly there.
In addition, make sure you choose USD as the currency, as seen in the following capture:
Notice: you can always contact RoboForex support if you need help while funding your account (or any other part of the process). RoboForex support is top in class, and we dare say they are among the very best in quality and responsiveness. You can find your personal manager contact data on the right of the home screen.
Once you create your account, you will receive a welcome call from your manager and you can make the most to ask them about any questions you might have before you proceed to set up your trading account.
Final Step: Copying the master trader
With the trading sub-account funded and ready to go, the next logical step is copying the master trader to start earning money right away!
Before you proceed, make sure funds are already allocated to your trading account. Check the account type and leverage (as explained above) and that the funds are there,just like in the following example:
As you can see, this is the correct account, and its balance displays 298,27 US Dollars displayed in cents (reason why it displays as 29,827.00). The reason the account displays its balance like this, is because it is a Pro-Cent account.
Subscribe to the trader
After confirming your account is funded and ready to go, you must then access the trader’s profile. This is a capture taken from his account, for your reference:
At this point, all you have to do is just hit the blue “Subscribe to Trader” button. To make extra sure you are subscribing to him the right way, you can additionally click on “Customize manually” and ensure your configuration looks exactly like this:
Once you confirm that you see the same as the previous capture on your screen, hit the “subscribe to Trader” button.
You are all set!
Congratulations! You are now earning money on autopilot!
Next steps
Now that your account is copying the Trader’s operation, it is a great idea to continue with the tutorial named “Setting up MyFX Book for your trading account”, so you easily follow the progress of your account