FX copy trading is a trading system similar to automated trading that can be used with overseas FX brokers. It is an FX service that aims to lead you to success by copying the discretionary trades of professional traders. You may have many questions about FX copy trading, such as "How is copy trading different from automated trading?", "I heard that copy trading is illegal?", and "What are the advantages and disadvantages of copy trading?". There are also voices saying that copying discretionary trades is illegal, and rumors of fraud, so it's important to check these things. This article explains the features and mechanisms of FX copy trading. We have also thoroughly investigated its legality and the possibility of fraud. After reading this article, you should be able to start copy trading with peace of mind. Please use it as a reference. If you are new to overseas FX, we recommend that you read the Complete Guide to Overseas FX for Beginners. Contents 1. What is FX Copy Trading? Explanation of Cases Where It Is Illegal 1.1 Features and Mechanisms of FX Copy Trading 1.2 Is FX Copy Trading Illegal in Japan? 1.3 Profits from FX copy trading require tax filing. 2. Is it true that there are copy trading tool scams? 2.1 Examples of copy trading scams ① Solicitation via LINE/SNS 2.2 Examples of copy trading scams ② MAM/PMAM 2.3 Beware of claims that you can "make money" with copy trading. 3. Types of FX copy trading and trading methods 3.1 How copy trading is used 3.2 Providers of copy trading 3.3 Stocks and trading methods in copy trading 4. Differences between FX copy trading and automated trading 4.1 Differences between copy trading and EA 4.2 Differences between copy trading and mirror trading 4.3 Differences between MAM/PAMM in copy trading 4.4 Differences between copy trading and social trading 5. Advantages of FX copy trading 5.1 Trade FX with discretionary trading by professionals and advanced traders! 5.2 Freedom to choose investment capital and fees! 5.3 Learn excellent trading techniques! 6. Disadvantages of FX copy trading 6.1 Time-consuming to choose a provider! 6.2 Fees and success commissions are deducted! 6.3 Even excellent providers don't guarantee wins! 7 Overseas FX brokers offering FX copy trading 7.1 List of 12 overseas FX brokers offering copy trading 8 Tips and precautions for success with FX copy trading 8.1 Choose a reliable trading tool with many followers 8.2 Always check trading performance and profit/loss status 8.3 Consider stopping trading if you're not making money 9 Summary: Start overseas FX with copy trading! What is FX copy trading? Explanation of cases where it becomes illegal FX copy trading refers to a method of trading by linking the discretionary trading of advanced traders and professionals to the user's trading screen. Copy trading is one of the services of overseas FX, also known as "copy trading". Even without trading skills or experience, you can copy professional FX trades, but in some cases there is a possibility of illegal activity or fraud, so you must be very careful. Cases where it becomes illegal and points to be careful about will be explained here. First, let's look at the characteristics and mechanism of FX copy trading (copy trading). Features and Mechanism of FX Copy Trading The main feature of copy trading is that it allows you to copy real-time discretionary trades directly, rather than programmed trading strategies. The mechanism for copying discretionary trades works by linking the trading screen of a high-performing trader (provider) with the trading screen of a user (follower) who copies their trades. Image of Copy Trading By opening an overseas FX copy trading account, the trades of a professional trader (provider) are directly reflected in the user's (follower's) trading account. Every time the provider makes a discretionary trade, the exact same trade is automatically duplicated in the follower's copy trading account. Simply put, it's like the provider is trading on the follower's trading screen. ... Continue reading What is FX Copy Trading? Investigating Illegality and Potential Fraud