Copy Trading allows you to automatically follow the strategies of experienced traders. Instead of trading manually, your funds are allocated to a chosen strategy, and trades are mirrored in your account.
This guide explains all the steps you need to take to start copying trades successfully.
⚠️Important Update: Upgrading Copy Trading to MT5
Please be advised that effective October 3, 2025, we will discontinue support for publishing new strategies from MetaTrader 4 (MT4).
For Strategy Providers:
Use MetaTrader 5 (MT5) to publish new strategies.
Existing MT4 strategies will remain active until their publication period expires.
For Subscribers:
After October 3, 2025, only new MT5 strategies will appear on Copy Trading dashboard.
Your current subscriptions to MT4 strategies are unaffected and will continue to function.
This upgrade to MT5 will enhance CopyTrading service with advanced capabilities. All other services remain unchanged.
Prerequisites
You need | Why |
CopyWallet with funds | Your CopyWallet is the special wallet used only for Copy Trading. It is created automatically when you first accept Copy Trading terms. You can see it on your main Dashboard and in Finance tab of your Personal Profile. Funds in your CopyWallet are the capital allocated to strategies you follow. To start copying, you must first top up this wallet or transfer money into it. Without available funds in your CopyWallet, you cannot subscribe to any strategies. |
KYC is required before you can withdraw profits. | |
MetaTrader account (optional) | Only necessary if you also plan to place manual trades alongside copying. |
Step‑by‑step guide on how to copy a strategy
On the web
1. Log in to your Personal Profile on official Weltrade website. In the left menu, click Copy Trading - Go to Copy Trading.
⚠️ Make sure your wallet is funded: Before you can start Copy Trading, you must top up your CopyWallet. Without funds, you won’t be able to subscribe to strategies or allocate capital to providers.
For detailed guide on how to add money to your account, see:
2. In the window that opens, select the strategy that matches your requirements, the one you like and proceed to the next screen.
On the new page click Copy now.
3. Create an investment account. When you choose a strategy to copy, a Copy Trading investment account is created automatically. You just need to set its parameters: Enter a portfolio name. Choose an account type (e.g., Pro). Define the currency, leverage, and amount you want to allocate
💡 Note: The minimum investment amount is shown on screen (for example, from $100).
4. Set up risk management (Profit/Loss levels). In General settings, define your profit and loss limits:
Profit level – when reached, trading will stop and positions will be closed.
Loss level – when reached, trading will stop and positions will be closed.
Additionally, you can set how existing trades will be copied:
copy all minus positions that are currently open on the provider’s account, as well as copy new positions – this option will copy any active losing positions the provider currently has, along with all new trades.
Copy only new provider positions – this option will only copy trades that are opened after you subscribe. Existing trades in the provider’s account will not be copied.
⚠️ Important: On this screen you will see your trading account login details (account type, login, password, investor’s password, and MT server). These credentials are generated automatically and will only be shown once. Make sure to save or copy this information securely, as you will need it to connect your trading account to MetaTrader and manage your strategy. If lost, access to the account may be limited and recovery could require additional verification.
5. Choose allocation type. Select how trade volumes will be copied: By balance or by ratio. For example, if the trader opens 0.5 lots with $10,000 balance, and your balance is $1,000, your copied position will be 0.05 lots.
💡Not sure which allocation type to choose?
If you’re uncertain about the best option for your trading style, check out our article What is Copy Trading Allocations? for a clear breakdown of how each method works.
6. Review fee structure and conditions. Carefully check performance fee and other conditions before confirming.
7. Confirm and start copying. Once everything is set, confirm your selection.
You will see a success message confirming your investment. From this moment, all positions opened by the selected trader will be copied automatically into your account.
Copy trades on mobile
1. Log in to your Personal Profile in Weltrade app. Go to Copy trading and open Investment offers to pick a strategy. Log in on your phone and open Investment offers. Tap a strategy to view its page, then tap COPY NOW.
2. Create an investment account. Enter a Portfolio name. Choose account type (e.g., Micro). Check your Wallet and specify Currency, Leverage, and Amount to allocate. Continue with Next step.
3. Set risk management in General settings. Turn on Profit level and/or Loss level and enter the thresholds at which copying will stop and positions will be closed. (Optional) Enable Stop trading instead of unfollowing the strategy if you want copying to pause without unsubscribing. Under Select copy type of the positions, choose one:
Copy only new provider positions - copies trades opened after you subscribe.
Copy all minus positions that are currently open on the provider’s account, as well as copy new positions - also copies the provider’s currently open losing trades.
4. Choose allocation type. Go to Allocations tab and select how volumes are mirrored:
by Balance - proportional to balances.
by Ratio - use a custom ratio.
The preview shows an example (e.g., provider 0.5 lot with $10,000 and subscriber $1,000 → 0.05 lot).
💡Not sure which allocation type to choose?
If you’re uncertain about the best option for your trading style, check out our article What is Copy Trading Allocations? for a clear breakdown of how each method works.
5. Review fees and confirm. On Fee structure and conditions, review your investment account details, allocation type, and fees (e.g., performance and subscription fees). Tap Accept and invest to start copying the chosen strategy.
Conclusion
You’ve successfully subscribed to a strategy using Copy Trading. Your account will now mirror the trader’s positions according to the allocation and risk settings you configured.
If you want to manage your subscription later (unsubscribe or close the account), see: How to unsubscribe from the strategy or close account?
Frequently asked questions (FAQs)
What does copy trading mean in practice?
What does copy trading mean in practice?
Copy trading automatically replicates trades from a selected strategy provider to your own trading account in real time, based on the parameters you set (allocation, risk, volume).
Do trades open and close automatically when I use copy trading?
Do trades open and close automatically when I use copy trading?
Yes. Once you subscribe to a strategy, trades are opened and closed automatically according to the provider’s actions, without manual intervention.
Is there a minimum balance required to start copy trading?
Is there a minimum balance required to start copy trading?
The minimum balance depends on the strategy requirements and your chosen allocation. Some strategies require a minimum deposit to function correctly.
Will copied trades always have the same results as the provider?
Will copied trades always have the same results as the provider?
Not always. Differences in execution speed, spreads, slippage, account type, and market conditions can cause results to vary.
What should I check before choosing a strategy to copy?
What should I check before choosing a strategy to copy?
Review the provider’s trading history, risk level, drawdown, trading style, duration of activity, and consistency to ensure it matches your goals and risk tolerance.