Definition
What is Copy trading?
Copy trading is automatically replicating the trades of another trader, a signal provider or another account in your own account.
Copy trading platforms let followers mirror a leader’s positions in proportion to their capital. The follower does no analysis of their own.
The risks are easy to miss: leaders with short, lucky records, different entry prices and slippage for followers, and every follower taking the same drawdown at the same time.
Prop firms evaluate an individual trader’s skill, so copying a third party, using signal services or mirroring trades between accounts defeats the purpose of the evaluation and is usually prohibited.
Example
Example: a leader risks 2% per trade on a $10,000 account and copiers mirror it. After five losses in a row, every copier is down about 10% at the same time, far beyond a typical 4% daily or 8% maximum limit.
At a prop firm
The Axora Funded terms prohibit copy trading or signal services between accounts on every account, together with group trading, account management by others, bots and expert advisors.
Frequently asked questions
Can I copy my own trades between two Axora Funded accounts?
No. Copying trades between accounts is prohibited, even if both accounts are yours.
What happens if copy trading is detected?
The account can be closed, its results voided and pending payouts cancelled.