Copy Trading with Alchemy

Two Paths. One Platform.

- Choose from a list of verified strategies
- Control your risk and stop anytime
- Perfect for beginners or hands-off traders

- Earn performance fees from copiers
- Build your public trading profile
- Ideal for experienced, consistent traders
How to Get Started
Copy Trading features
Why Copy Trading Works for Everyone
FAQ
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.
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.
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.
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 .
Yes, you can copy (auto-copy) more than one Strategy Provider (SP) at the same time.
Yes, with the Alchemy CopyTrade App, you can close any copied position manually at any time.
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.
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.
No, demo accounts are no longer available on the app.
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.
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.
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
Performance Fees payable to a Provider are paid into their trading account.
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.
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.
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)
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 |