The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.

Axi Copy Trading Set up Guide

Welcome to the Profit Boss Axi Copy Trader set up guide

My aim with this is to help get you set up and on your way to some passive income from trading

Step 1

Click here to be taken to the account set up page.

There you will complete registration, confirm your ID and fund your account.

Select the 0% commission account type

I personally started with £500

 

Step 2

You’ll then be emailed your username and password which you will need in order to connect your Axi account to the Axi Copy Trading app.

Click here to download the Axi Copy Trading app

Step 3

Now you have your Axi account set up and funded as well as the Axi Copy Trading app downloaded onto your phone. It’s now just a case of connecting the two accounts before you can start looking for a trader to copy.

  • On the app select the account tab in the bottom right hand corner

  • Then scroll down and click the yellow button which says “Link an account”

Step 4

Next you will be able to jump over to the discover tab in the bottom left hand corner and select which trader you would like to copy.

To start copying someone simply

  • Select their profile once on the discover tab

  • Tap the yellow button which says copy next to their profile picture

  • On trade size you can either select fixed, mirror master or proportional by equity. I am personally using the proportional by equity option and on the 0.1. This means if the trader has a larger balance I will copy the same trades but with a smaller equal amount.

  • I have the round up to minimum trade size ticked and I leave the copy existing trades unticked

  • Then click the yellow button at the bottom which says Agree and Copy

 

Once selecting agree and copy you will then be given max drawdown options

You must set your own level as you see fit and your risk tolerance allows but I personally have mine set as follows

  • 30% warning level

  • 50% soft stop level

  • No hard stop level

This basically means that if my accounts drawdown level hit’s 50% I get an email warning me and I will manually sell off a few trades at a loss. Hopefully this happens rarely and plenty of profit has been made before any losses need to be locked in. If you didn’t want to do this and just leave the account alone you could set a hard stop level at 100% which would remove any risk of over leveraging your positions.

 

All Set

And that’s it.. You can now sit back and relax (or check your account every 5mins) and allow the traders to work for you.