Bybit Launches Copy Trading for Gold and Forex Markets

Bybit, a leading cryptocurrency exchange, has launched a groundbreaking Copy Trading Gold&FX feature, making it the first crypto exchange to introduce copy trading for Gold and Forex markets. This new feature allows users to mirror professional traders’ strategies directly through MetaTrader 5 (MT5), using USDT as collateral.

Simplifying Access to Traditional Markets

The Copy Trading Gold&FX feature is designed to bridge the gap between crypto and traditional financial markets, enabling users to engage without requiring extensive market knowledge.

Joan Han, Bybit’s Sales and Marketing Director, explained:

“The Copy Trading feature allows users to mirror the trades of professional traders automatically, providing a structured approach to navigating the complexities of Gold and Forex markets.”

Han added that the integration aims to:

Enhance portfolio diversification
Improve risk management
Optimize trading outcomes within MT5

Advanced Tools and Transparent Trading

The feature offers several tools to enhance trading efficiency:

Professional Expertise: Access strategies from vetted Gold and Forex Master Traders.
Risk Management: Robust measures to balance portfolios and prevent unethical practices.
Transparent Monitoring: Full visibility into performance metrics and trading history for informed decision-making.

To ensure user security:

Master Traders undergo a strict vetting process to verify their expertise.
All trading activities are monitored to prevent manipulation or misleading claims.
Risk measures automatically close follower positions if a Master Trader’s position is liquidated.

Profit Distribution Plans

The Copy Trading Gold&FX program offers two distinct profit-sharing mechanisms:

Classic Plan: Focused on futures trading, with daily earnings automatically split. Excess deductions are refunded to followers, while profit shares are credited to Master Traders.
High-Water Mark Mechanism: Profit sharing occurs only when an account’s net value surpasses its previous peak, ensuring fairer distributions.

Regulatory Challenges

Despite its innovation, Bybit recently faced regulatory challenges. Malaysia’s Securities Commission (SC) took enforcement measures against Bybit and its CEO, Ben Zhou, for operating without proper registration.

The SC ordered Bybit to halt all operations in Malaysia, including:

Suspending its website and mobile applications
Ceasing activities on all digital platforms

Bybit has been given 14 business days from December 11 to comply.

Bybit’s Copy Trading Gold&FX represents a significant leap in integrating traditional markets with the crypto ecosystem, offering users new opportunities for portfolio diversification and risk management. As the exchange navigates regulatory hurdles, this innovation positions Bybit as a leader in providing advanced trading solutions across financial markets.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Bullish Times is a marketing agency committed to providing corporate-grade press coverage and shall not be liable for any loss or damage arising from reliance on this information. Readers should perform their own research and due diligence before engaging in any financial activities.