Copy Trading with Alchemy

Empowering your trading journey

Two Paths. One Platform.

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Copier
Copy top-performing traders and let their expertise work for you.
  • Choose from a list of verified strategies
  • Control your risk and stop anytime
  • Perfect for beginners or hands-off traders
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Strategy Provider
Monetize your trading skills by sharing your strategies.
  • Earn performance fees from copiers
  • Build your public trading profile
  • Ideal for experienced, consistent traders

Download the Alchemy Copytrade app and start copy trading today!

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Android
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IOS
Watch our step-by-step tutorial to get started

Why Copy Trading Works for Everyone

Automated Execution
Trades are copied instantly and accurately, with no manual input needed.
Access to Proven Strategies
Follow experienced traders with real performance histories.
Diversify with Ease
Allocate your capital across multiple strategies effortlessly.
Full Control
Start, stop, or adjust copying at any time, your funds, your rules.
Earn While You Learn
Watch and understand expert strategies.
Performance-Based Rewards
Strategy Providers earn fees based on actual results, not promises.
Why be a Copier
Why be a Provider
Invest Smarter by Following Proven Traders
Copy Top Traders, Effortlessly
Access proven strategies and let expert traders work for you.
Save Time, Trade Smarter
Eliminate the stress of market monitoring with automated, real-time execution.
Stay in Control
Monitor, pause, or stop copying anytime. You’re always in charge of your funds.
Learn While You Grow
Watch expert moves, explore strategy profiles, and enhance your trading knowledge as you go.
Why be a Copier
Why be a Provider
Turn Your Skills into Income
Earn More with Performance Fees
Receive up to 50% in performance fees based on your trading success, paid daily, bi-monthly, or monthly.
Build Your Reputation
Gain visibility, showcase your track record, and grow a loyal base of copiers.
Diversify Your Impact
Attract followers with different risk profiles and portfolio sizes to scale your earnings.
Stay Flexible and Focused
Trade on your terms while the system handles exposure, tracking, and payouts.
How to Start Copy Trading
1
Download Alchemy CopyTrade app and register
2
Register a new copytrading profile in the app
3
Open a standard account or use your existing one as a Copier or Strategy Provider
4
You’re all set. Start copying or getting copied!

Have more questions about our Copy Trading?

If you have any questions regarding Copy Trading, we’ve got you covered! Feel free to explore our FAQ or reach out to our customer support team, and we’ll gladly provide the answers you need.

What is Copy Trading?

Copy Trading is a system that allows you to automatically replicate the trades of another trader in real-time within your own trading account.

How Copy Trading Works:
1. You select a signal provider (experienced trader) from the platform.

2. Once connected, all of their trades (buy, sell, stop-loss, take-profit) are copied into your account automatically.

3. You can customize how much risk or trade size you take on using options like:
- Fixed Size: You set a constant trade volume.
- Mirror Master Size: You copy the exact trade sizes of the provider.
- Proportional by Balance: Your trades scale based on your account size relative to the provider's.

Is there a minimum deposit required to start?

There is no minimum deposit requirement to start copy trading (assuming you’re following other traders as a copier). You simply need enough funds in your linked broker account to cover the trade size and margin for the positions you’ll be copying.

However, if you're setting up as a signal provider (i.e., sharing your own trades for others to copy), a minimum opening balance of $500 is required in your account.

How many CopyTrade accounts can I open?

You can open multiple CopyTrade accounts (i.e., follow more than one strategy provider) simultaneously.

However, here are two important considerations:
1. Margin capacity limit – Each copied signal may open trades. If your account doesn’t have enough available margin, some trades might get skipped.
2. Strategy conflict risk – Different signal providers may employ conflicting strategies, which could result in contradictory positions in your account .

Can I copy more than one Strategy Provider (SP)?

Yes, you can copy (auto-copy) more than one Strategy Provider (SP) at the same time.

Can I close the position anytime?

Yes, with the Alchemy CopyTrade App, you can close any copied position manually at any time.

Can I partially withdraw funds while following a Strategy Provider?

Yes, you can partially withdraw funds from your copy-trading account while following a Strategy Provider on Alchemy CopyTrade but there are some important caveats:

What You Can Withdraw
- You can withdraw any unallocated funds—that is, cash in your account not currently used as margin for open copied trades.
- The system dynamically adjusts copied trade sizes if you remove funds or add new funds, to maintain proportional allocation.

Can I become a Strategy Provider?

Anyone can be a strategy provider and can select that option when you link your account. Most providers have at least 6 months of trading experience and positive results. We require a minimum opening account balance of $500.

Can I copy trade on a demo account?

No, demo accounts are no longer available on the app.

Who can use the Copy Trading platform?

Anyone can use the Alchemy Copytrade trading platform, as long as you meet two key requirements:
1. You have a live Classic account through Alchemy. So all you need is a funded live account to link.
2. You’re approved and linked in the Alchemy copytrade app.

Download the Alchemy Copytrade app (available on iOS and Android), sign up, link your Alchemy account, and you're ready to start copying strategies or offering your own.

What is the Performance Fee?

A performance fee is a fee charged to an account that relates to the performance (profitability) of the Provider. E.g. if you copying a Provider that is charging a 30% fee, and you make €100 profit, your account will be charged €30.

How can I set a Performance Fee?

If you'd like to charge a fee to be copied, you can do this by applying via the App.

1. Login in to the app
2. Make sure you have connected a live trading account as a Strategy Provider. (Please refer to: https://knowledgebase.pelicantrading.io/knowledge/how-do-i-connect-link-my-trading-account)
3. Select 'I want to charge a fee'
4. Complete the Application Form. We'll review the application and release the option assuming we approve your application, can take up to 2 working days
5. Once approved click on your account page, select fee then elect performance fee and choose the percentage you want to charge

How do Strategy Providers receive their payment?

Performance Fees payable to a Provider are paid into their trading account.

I already have an Alchemy Classic account. Will I need a new one?

If you already have an Alchemy Classic account, you won’t need a new one. You simply link your Live trading account with the Alchemy Copytrade app and you are ready sto start copy trading.

Can I be both a Strategy Provider and a Copier?

Yes, you can be both a Strategy Provider and a Copier at the same time.

How It Works
1. Dual roles are supported
You can share your own strategy and earn performance fees as a Strategy Provider, and simultaneously copy other traders as a copier. Alchemy Copytrade allows you to set this up all within the same connected live account

2. Execute it this way:
In the Alchemy Copytrade app or dashboard, simply enable “Be the expert” and complete the onboarding to become a Strategy Provider. Then continue browsing Discovery to copy others using your preferred copy setting.

Do I need approval to become a Strategy Provider?

All signals will be asked to complete the signal application risk assessment. This is now hard coded into the app and we do not require proof of ID or address to be attached. On completing the form, they will be reviewed by our account managers and compliance team. Along with their respective risk score we will also consider the trade history of the linked account including opening balance. If the signal is not approved, we will email them explaining that they have not met the criteria and encourage them to link as a copier or provide further trade history.

They may not be approved due to any of the following:

• Initial balance of the account is below $500 (This leads to misleading statistics and inflated returns)
• They have not traded for more than 6 months with the account linked (if you have proof of 6 months trading with another account, please send it)
• The Max Drawdown is too high (Signals who reach drawdown over 55% are hidden automatically)
• You have traded too infrequently (there is no specific threshold if a signal regularly pauses for long period or trades erratically, they will not be approved)
• Their current balance is too low because they have withdrawn funds (this has a similar distorting affect on stats as a low initial balance)

Are there any trading restrictions?
Restriction Type Impact for You
Instrument Availability Only supported symbols are copied
Unsupported Trade Types “Close By” and similar won’t copy
Execution Limits High-frequency trades risk skips
Margin Capacity Lack of margin → missed trades
Provider Interference Manual intervention may break copy
Compliance Rules Must adhere to Alchemy's T&Cs and broker setup