Copy Trading · In development
Strategy providers, proportional allocation, follower-side risk limits and statistics that show the whole record, not just the good months. Here is what we are building, and why it is not live yet.
Why build it carefully
Copy trading, done well, is a genuinely useful product. It lets a trader with a workable approach share it, and lets someone without the time to watch charts all day participate in one. Done badly, it is one of the more effective ways the industry separates people from their money.
The failure modes are well documented and consistent. Leaderboards that rank by recent return surface whoever took the most reckless risk last month. Statistics that show percentage gains but hide drawdown make a provider who was one bad day from a blown account look like a genius. Allocation models that copy position sizes rather than proportions wipe out a small follower when a large provider takes a normal-sized trade. And fee structures that pay a provider on gross gains with no penalty for losses reward volatility rather than skill.
Every one of those is a design decision, not an accident. We would rather make those decisions deliberately and ship later than launch quickly and discover them on our clients’ accounts. What follows is where our thinking currently sits.
Planned model
Six pieces, each chosen to address a specific way copy trading tends to go wrong for the person following.
Planned
Traders who choose to make their activity followable. A provider trades their own real account in the normal way. The same terminal, the same instruments, the same conditions, and their positions become the signal that followers mirror.
The intent is that providers have real skin in the game. Someone publishing signals they do not trade themselves has very different incentives from someone whose own capital moves with every position.
Planned
A follower allocates a chosen portion of their account to a provider, not the whole balance by default. Only the allocated capital participates, so following a strategy is a sizing decision rather than an all-or-nothing commitment.
The rest of your account stays yours to trade manually, and you would be able to follow more than one provider without them competing for the same capital.
Planned
Positions are mirrored in proportion to allocated capital, never copied at the provider’s absolute size. If a provider commits a given fraction of their trading capital to a trade, your copy commits the same fraction of your allocation.
This is the single most important protection in the design. Absolute-size copying is how a small follower gets destroyed by a large provider’s perfectly ordinary trade.
Planned
Limits that belong to you, not to the provider. A maximum allocation cap so no single strategy can take more of your account than you intended. A stop-copy threshold that automatically detaches you if the strategy’s drawdown passes a level you set in advance.
Plus the ability to stop copying at any time, and to close copied positions yourself, your account should never be somewhere you cannot intervene.
Planned
The whole record, not the highlights. The plan is to show maximum drawdown as prominently as return, the length of the track record, the instruments actually traded, average holding period, and the distribution of results rather than a single headline percentage.
A provider with a strong return and a brutal drawdown is a different proposition from one with a modest return and a shallow one. You should be able to tell them apart at a glance.
Planned
Providers should be paid for a strategy others profit from, and the mechanism should reward results rather than churn. Our working principle is performance-linked compensation with the terms disclosed on the provider’s profile before you allocate a single dollar.
We are not publishing rates or percentages here, because they are not decided. When they are, they will be stated plainly rather than buried in terms.
Planned flow
Described in the future tense deliberately, none of these steps can be taken today.
Browse strategy providers with their full statistics visible: track record length, maximum drawdown, instruments traded, holding periods and the spread of results, not a leaderboard sorted by last month’s return.
Decide how much of your account that strategy may use, and set your stop-copy threshold before you start. When the decision is calm rather than in the middle of a drawdown. Fee terms are shown before you confirm.
When the provider opens, modifies or closes a position, your allocation follows in proportion scaled to your capital, never copied at their absolute size. Copied trades appear in your ledger like any other.
Track how the strategy performs on your account specifically. Change your allocation, close copied positions yourself, or stop copying entirely. At any time, without needing anyone’s permission.
Stay informed
Leave your email and we will contact you when copy trading actually launches on NOVEDOX not when a beta is planned, not when a date is pencilled in, but when you can genuinely follow a provider from your account.
One email about this product, and nothing else. If you also want market commentary and platform updates more broadly, the newsletter signup in the footer is separate and you can take either, both or neither.
Interested in becoming a provider rather than a follower? Say so via contact. Applications are not open yet, but knowing there is genuine supply-side interest helps us prioritise the work correctly.
Get notified
We’ll email you once copy trading goes live. No marketing spam, just the launch notice.
Your demo account is funded with $10,000 in simulated balance the moment you register, and the web terminal is live today.
Open a free accountCopy trading FAQ
No. Copy trading is in development and no part of it is live. There are no providers to follow, no allocation feature and no provider statistics. If someone shows you “NOVEDOX copy trading results” or offers to trade your account for you, it is not genuine. Report it to support.
Proportionally, based on the capital you allocate. If a provider commits a given fraction of their trading capital to a position, your copy commits the same fraction of your allocation never their absolute lot size. That is what stops a large provider’s ordinary trade from overwhelming a smaller follower’s account.
Yes, and that is a firm design principle. You will set a maximum allocation, set a stop-copy drawdown threshold, close copied positions yourself, and stop copying entirely whenever you choose. Capital you have not allocated stays entirely under your own manual control.
Through performance-linked fee sharing, with the terms disclosed on each provider’s profile before you allocate anything. Specific rates are not decided, so we are not quoting any. When they are settled they will be stated plainly rather than buried in the terms. For how our trading costs work more generally, see commission & incentives.
Not yet, applications are not open, because the feature does not exist. If you would want to be one, tell us through contact. It genuinely helps us judge how much supply-side demand there is and prioritise accordingly.
No. It changes who makes the decisions, not the risk of the instruments. Leveraged trading can lose money rapidly whoever is at the controls, and a strong past record is not a prediction. Treat an allocation to a provider with the same care as a position you opened yourself, and read the risk disclosure first.
The NOVEDOX web terminal is live today 31 instruments, streaming prices and full position management. Register and your $10,000 demo account is funded automatically.
Trading involves risk. 74.3% of retail accounts lose money.
