Trade Match Review - Pros and Cons Revealed
Trade Match is a new generation copy trading platform that offers an intuitive dashboard, easy registration process and various features that can help maximise the experience for both investors and traders.
In this article, we explore the advantages and disadvantages of copy trading with Trade Match in order to help you make an informed decision whether this is the right copy trading platform for you.
What is Trade Match?
Trade Match is a copy trading platform that aims to narrow the knowledge gap between experienced traders and novice investors who wish to explore the profit potential of the financial markets. The platform is designed to help them maximise their experience utilising powerful technology. Investors and traders can rely on ongoing technical support via the customer support centre.
Trade Match for investors
As an investor, your journey at Trade Match starts with selecting a trading strategy that best matches their requirements. To check the available trading strategies, head on to traders’ ranking lists, where you can monitor and review all traders’ profiles. Traders move up and down the ranking lists according to the performance of their trading strategies.
To help you identify the traders’ talent verification team at Trade Match ranks traders based on five different criteria - number of copies, asset under management, risk level, best monthly performance and drawdown level. Additionally, you can review and compare traders by checking their profile page, where you will find more data - absolute gain, maximum drawdown, average monthly performance and trading since inception.
Once you match a trading strategy with your investment goals, press the join button to complete your profile and open your account. This is a straightforward process, as easier as opening any online profile. Keep in mind that as with any activity involving financial transactions, you will need to provide an identity verification with your passport or ID card.
To open your investment account, you need to select funding and withdrawal methods and place your initial deposit. Trade Match provides various ways to fund your account, including bank and card transfers.
At this point, you are ready to start your copy trading experience by adding the selected trading strategy into your account. However, before that, make sure that the risk level settings match your investment appetite. Among the best advantages of Trade Match is the adjustable risk management system that allows you to modify the risk level parameters individually for each trading strategy you decide to add to your account.
There are three risk level parameters - Take Profit, Stop Loss and Multiplier index that aims to help you mitigate the capital loss risk involved in trading on the financial markets. You can adjust the risk level setting before adding a trading strategy or at any other point when you believe it’s necessary.
Once you add the trading strategy to your account, the system will automatically place trades on your behalf according to the actions of the experienced trader you copy. You don’t need to stay live on the platform all day but still can monitor the performance of your account any time you wish. Additionally, you can modify the risk level settings add and remove trading strategies.
The withdrawal of profits is available Monday to Friday within working hours using your selected preferred method.
Trade Match for traders
As a trader, you can share your trading strategies at Trade Match and earn remuneration when your profitable trades are copied. To support traders’ journeys, Trade Match provides each trader with a personal profile page and a partner link they can share across social media. Additionally, they can rely on continuous technical support.
Pros & Cons Summary
Pros
- Free to join
- A wide range of funding and withdrawal methods
- Various features to identify traders' talent
- Risk level settings for every trading strategy copied
Cons
- No option for interaction between users
- No withdrawal on the weekend
