Risk Score – OctaFX’s New Revolutionary Feature

Copiers can still work their way around trades by copying from Master Traders. Only that this time OctaFX has taken it a notch higher with their latest additional feature – the Risk Score. Copiers will now significantly reduce their risks while at it.

Copy trading isn’t a new thing and has been in use by most traders since its inception. The feature enabled even clients with zero knowledge of trade to make profits. But how does it work? Or so you ask.

In copy trading, clients (also called copiers) copy trade positions opened by other carefully selected experienced traders (also called Master Traders). Any actions performed by the Master trader are henceforth reflected on the copier’s account.

That includes opening and closing positions, assigning stop loss, and taking profit orders. Of course, as a Copier, you still retain the ability to disconnect the copied trade, or even choose to manage them by yourself.

So, what’s in for the Master Trader? They receive a flat monthly subscription fee from the traders looking to copy their strategies. Even more, popular Master traders can a 100% spread rebate on their transactions.

Copy-trading was an improvement from mirror trading, a method that only allowed traders to copy specific strategies.

OctaFX has been on top of its game when it comes to copy trading, since 2011. The broker boasts almost a decade of online trading, offering an excellent trading experience to more than 7 million clients globally.

OctaFX’s success is largely owed to its super-responsive and highly efficient platforms – the OctaFX copy trading app and desktop version that will have you do your thing with just a single click (and tap).

But most importantly, you don’t need to have any background in Forex to start trading.

OctaFX is the proud winner of over 40 awards since its inception, including the ‘Best Forex Broker Asia’ most recently in 2021. Apart from trading, the broker is also known for its numerous charitable activities.

The Game-Changer

Making profits as a copier largely depends on the Master trader you choose to work with. Initially, Master traders were gauged and given priority based on their popularity. The most popular ones were the most preferred.

OctaFX then introduced the Master Rating feature – an arrangement that had traders with the BEST trade strategies placed on top of the list. And, looks like they are not stopping any time soon.

According to the latest OctaFX news, the broker has yet introduced another explosive feature to easily vet Master Traders – the Risk Score. Besides telling you who the best Master Trader is, it will also show you how risky their strategy is.

The broker basically came up with an algorithm that calculates a Master Trader’s risk level based on their number of orders, how stable their trade strategy is, and their average profit.

Copiers, therefore, want to go for Master Traders scoring 1 to 2 points on OctaFX’s 6-point scale. These earned their position by continually applying less-risky strategies that are stable and long-term oriented.