What is Copy Trading Gold&FX?

Copy Trading  Gold&FX  is designed for traders of all levels, offering advanced tools and access to expert strategies for Gold and Forex markets. It allows investors to maximize passive income by copying professional traders' expertise through a Bybit MT5 Account, without requiring prior trading knowledge.

What are the benefits of Copy Trading Gold&FX?

• Professional Strategies Focused on Gold and Forex: Access proven strategies from expert traders to capitalize on high-return opportunities.

• Diversified Portfolio: Optimize asset allocation and minimize risk through Gold and Forex market exposure.

• Seamless Trading Experience: Enjoy fast execution, multi-asset support, and in-depth market analysis with MT5.

Are there market risks I should be aware of?

Yes, Copy Trading Gold&FX is connected to international forex and commodities markets, which may involve third-party risks beyond Bybit's control. 

Is Copy Trading Gold&FX available 24/7?
No, Copy Trading Gold&FX is not available 24/7. Trading may be paused during non-trading hours or system maintenance. Please check notifications on the Copy Trading Gold&FX homepage for the latest updates. Any requests submitted during unavailable hours will be processed once trading resumes.

What is MT5 server time?

MT5 server time follows UTC+3 during Daylight Saving Time (starting from the second Sunday in March) and UTC+2 during Standard Time (starting from the first Sunday in November).

Are Subaccounts supported for Copy Trading Gold&FX?

As a Master Trader, you must use a Subaccount that has not previously created a Gold&FX (MT5) Account or applied to become a Copy Pro Master for your Gold&FX Master Trader application. 

As a Follower, you can copy the Gold&FX Master Trader using any Main account or Subaccount.

What contracts are supported on Copy Trading Gold&FX?

Copy Trading Gold&FX supports Forex, Indices, and Commodities contracts. USDT Perpetual contracts are not supported. Please check the contract specifications here.

Does the trading volume on the Copy Trading Gold&FX Account for the VIP trading volume criteria?

Copy Trading Gold&FX trading volume and assets will count toward the VIP calculation. However, the trading volume will be subject to a 10x multiplier compared to crypto perpetual contracts. For example, if your trading volume in Copy Trading Gold&FX  is $10M, it will be counted as $1M in Derivatives trading volume for the VIP requirement calculation, due to the 10x multiplier. This means you must trade $100M in Forex/CFD to meet a $10M Derivatives trading volume requirement for VIP status.

What are the key differences between Copy Trading Classic and Copy Trading Gold&FX?

Are there any Identity Verification (KYC) requirements for Copy Trading Gold&FX?

Yes, Individual verification or Business verification is required. For more information on how to verify your account, please refer to How to Complete Individual KYC Verification or FAQ — Business KYC.

What are the fees associated with a Copy Trading Gold&FX?

The trading fees associated with Copy Trading Gold&FX can be found here. 

Do I need to manually transfer my funds to the MT5 to start Copy Trading?

As a Master Trader, you will need to transfer your funds to the MT5 Account created for your Gold&FX Master Trader Subaccount. 

As a Follower, the funds will be automatically transferred for copy trading when you start copying a Gold&FX Master Trader. Once you have canceled copying the Master Trader, any open position will be closed and the funds minus pending profit sharing will be returned to your Funding Account.

How Does a Follower Copy the Master Trader's Position?

A Follower's copied position is determined based on the proportion of equity between the Follower and the Master Trader (MT) at the time of the trade. Below is an example illustrating how the Follower's position is calculated:

• Master Trader's Balance: 1,000 USDT

• Trade: Opens 1 lot of EURUSD with a leverage of 500

• Opening Price: 1.02744

• Follower's Balance: 100 USDT

After the trade is opened, the commission incurred is 6 USDT. Master Trader’s Equity is calculated as Balance + Unrealized P&L (UPL) = 1,000 − 6 + 0 = 994 USDT.

MT Equity ÷ MT Volume = Follower Equity ÷ Follower Volume

994÷1 lot = 100÷Follower Volume

Follower Volume = 100÷(994÷1) ≈ 0.1 lot

In conclusion, the Follower will open a 0.1 lot position, ensuring their trade size is proportional to the Master Trader's equity and trade size.

How does Profit Sharing in Copy Trading Gold&FX work?

The profit sharing in Copy Trading Gold&FX is calculated based on High Water Mark (HWM) principle. Profit-sharing occurs only when cumulative net profits exceed the previously recorded highest profits. Losses must be fully recovered before a Master Trader qualifies for profit sharing again. A new HWM is established when profits surpass the previous level.

Please refer to Copy Trading Gold & FX: Profit Sharing Explained for a detailed explanation.