Copy trading has many advantages. It takes less effort, helps you learn quickly, has very low fees, and has many other advantages.
However, it comes with a certain amount of risks too. The most prominent risk is following unverified and new traders which can lead to your loss.
BYDFI not only presents a safe, simple, and easy trading platform but also has many features that facilitate safer copy trading.
One such solution is the list of top 10 traders whom you can follow in BYDFI. Let us explore these expert traders who can make your trading journey a lot easier and more profitable.
Table of Contents
Summary (TL;DR)
- Copy trading enables a new trader to learn and adapt to the crypto trading environment from a professional trader.
- BYDFI is among some of the best crypto exchanges and also a copy trading platform.
- Copy trading on BYDFI is very fascinating and simple so that one can easily make out all the details of traders on the screen.
- The platform enables you to sort the traders on the basis of their Profit Ratio, P/L Ratio, Win Rate, and Accum followers.
What is Copy Trading?
Copy Trading is among the latest innovations in the crypto markets. This is a unique trading method that allows traders to benefit from professional traders’ experience by simply copying their trades by paying a nominal fee.
Further, with the copy trading option, there is no need to be an expert on cryptocurrencies in order to make a profit from them.
Instead, traders can make a good profit by just following the expert traders with an amount of capital, and then they can make money on their traders.
What is BYDFI?
BYDFI exchange is one of the most popular cryptocurrency exchange platforms that was established back in the year 2019 and is based in Singapore.
The platform provides simple, safe, and fast crypto-asset exchange services to all its traders. They have 500,000+ users from across 150 countries.
Moreover, it provides traders with Multiple licenses, service diversification, copy trading options, easy deposit and withdrawal feature, and many others.
Furthermore, it has also partnered with multiple companies such as Binance, CoinMarketCap, and more.
To learn more, read our BYDFI review.
How to choose the best copy trader?
BYDFI has a number of copy traders; choosing among them is a tedious task. There are a number of parameters from which one can decide which traders to choose.
Traders can make a choice on the basis of Profit Rate(PR), P/L ratio, Number of followers, Win Rate(WR), and Number of trading days. These points are further explained below:
1. Trader’s Profit Rate
One should always observe a trader’s profit rate as a beginner. Following this, beginners can easily check the percentage and then vouch for the trader with 80 percent or higher.
Although there is never a certainty that you will gain profit by copying them, they generally know what they are dealing with.
2. P/L Ratio
The P/L ratio is also known as the Profit/Loss ratio. This can tell a lot about a trader and can also be considered as an actual parameter to determine their overall success. A P/L ratio that is higher than 50% is a great asset; however, it is only available for 30 days.
3. Win Rate
Win rate is calculated as the Number of profitable trades divided by the total number of trades, and after that taking its percentage. This will provide a rough estimate of the probability of success of the trader.
4. Trading days
With this parameter, you can get a rough estimate of a trader’s experience, and opting for a trader with more experience increases the chance of making a profit.
5. Number of Followers
This feature will tell you the total number of traders copying the selected trader. Higher followers mean more people are confident in the trader which helps increase your trust in them.
Top 10 Copy Traders on BYDFI
1. Lamborghini
| Feature | Description |
| Registration Date | Lamborghini started copy trading on BYDFIv on 30th March 2022. |
| P/L Ratio | The P/L ratio is 1735.48%. |
| Win Rate | The win rate of the trader is 94.13% and the total trades are 314. |
| Profit Rate | The trader has kept up the profit rate to 5410.35%. |
| Total number of trading days | The trader is trading for 84 days on the BYDFI trading platform. |
| Accum Followers | 1891 is the total number of Accum followers. |
2. Trade Luxury
| Feature | Description |
| Registration Date | Trade Luxury started copy trading on BYDFI on the 9th of March 2022. |
| P/L Ratio | The P/L ratio is 2846.33%. |
| Win Rate | The win rate of the trader is 100% which is quite exceptional and the total trades are 120. |
| Profit Rate | The trader has kept up the profit rate to 2546.2%. |
| Total number of trading days | The trader is trading for 105 days on the BYDFI trading platform. |
| Accum Followers | 1036 is the total number of Accum followers. |
| Trading Style | The trading style that he follows is Low frequency, High risk, and Short Term. |
3. X-Dragon
| Feature | Description |
| Registration Date | X-Dragon started copy trading on BYDFI on 29th April 2022. |
| P/L Ratio | The P/L ratio is 1328.72%. |
| Win Rate | The win rate of the trader is 85.37% and the total trades are 410. |
| Profit Rate | The trader has kept up the profit rate to 1328.72%. |
| Total number of trading days | The trader is trading for 54 days on the BYDFI trading platform. |
| Accum Followers | 225 are the total number of Accum followers. |
4. ThomasShelby
| Feature | Description |
| Registration Date | Thomas Shelby started copy trading on BYDFI on 19th March 2022. |
| P/L Ratio | The P/L ratio is 3401.41%. |
| Win Rate | The win rate of the trader is 100% which is again an outstanding job and the total trades are just 80. |
| Profit Rate | The trader has kept up the profit rate to 761.41%. |
| Total number of trading days | The trader is trading for 95 days on the BYDFI trading platform. |
| Accum Followers | Only 88 are the total number of Accum followers. |
| Trading Style | The trading style that the trader follows is Short term trades. |
5. Merkel
| Feature | Description |
| Registration Date | Merkel started copy trading on BYDFI on 14th March 2022. |
| P/L Ratio | The P/L ratio is 1232.44%. |
| Win Rate | The win rate of the trader is 100% which is again a great job and the total trades are again just 75. |
| Profit Rate | The trader has kept up the profit rate to 159.3%. |
| Total number of trading days | The trader is trading for 100 days on the BYDFI trading platform. |
| Accum Followers | Only 398 are the total number of Accum followers. |
6. GTS35
| Feature | Description |
| Registration Date | GTS35 started copy trading on BYDFI on 30th April 2022. |
| P/L Ratio | The P/L ratio is 582.79%. |
| Win Rate | The win rate of the trader is 100% and the total trades are just 85. |
| Profit Rate | The trader has kept up the profit rate to 685.92%. |
| Total number of trading days | The trader is trading for 53 days on the BYDFI trading platform. |
| Accum Followers | Only 426 are the total number of Accum followers. |
| Trading Style | The trading style that the trader follows is Long Term, High Frequency, Main, and Radical. |
7. Fansipan
| Feature | Description |
| Registration Date | Fansipan started copy trading on BYDFI on 17th March 2022. |
| P/L Ratio | The P/L ratio is 4926.96%. |
| Win Rate | The win rate of the trader is 91.7 and the total trades are just 687. |
| Profit Rate | The trader has kept up the profit rate to 14.66%. |
| Total number of trading days | The trader is trading for 97 days on the BYDFI trading platform. |
| Accum Followers | Only 672 are the total number of Accum followers. |
8. Harry Maguire A
| Feature | Description |
| Registration Date | Harry Maguire A started copy trading on BYDFI on 19th March 2022. |
| P/L Ratio | The P/L ratio is 192.09%. |
| Win Rate | The win rate of the trader is 87.24% and the total trades are just 243. |
| Profit Rate | The trader has kept up the profit rate to 772.1%. |
| Total number of trading days | The trader is trading for 52 days on the BYDFI trading platform. |
| Accum Followers | Only 580 are the total number of Accum followers. |
9. SEC
| Feature | Description |
| Registration Date | SEC started copy trading on BYDFI on 7th March 2021. |
| P/L Ratio | The P/L ratio is -13.32%. |
| Win Rate | The win rate of the trader is 94.19% and the total trades are just 172. |
| Profit Rate | The trader has kept up the profit rate to 281.43%. |
| Total number of trading days | The trader is trading for 107 days on the BYDFI trading platform. |
| Accum Followers | Only 1290 are the total number of Accum followers. |
| Trading Style | The trading style that the trader follow is Long term, High frequency, Main, and Radical. |
10. HuyNQ
| Feature | Description |
| Registration Date | HuyNQ started copy trading on BYDFI on 17th March 2022. |
| P/L Ratio | The P/L ratio is 186.3%. |
| Win Rate | The win rate of the trader is 100% and the total trades are 18 |
| Profit Rate | The trader has kept up the profit rate to 186.3%. |
| Total number of trading days | The trader is trading for 97 days on the BYDFI trading platform. |
| Accum Followers | Only 2 are the total number of Accum followers. |
Conclusion
There are a lot of copy traders in the crypto market and even on the BYDFI platform. One must choose their copy traders by looking at all the aspects that make them successful. Blindly copying the trades of a trader can get you into heavy losses. The above-mentioned are some of the best copy traders on BYDFI that have a balance of all the parameters such as Win rate, Profit rate, Followers, P/L ratio, and many more.
Frequently Asked Questions
Why is copy trading better for novice traders?
Crypto copy trading is a better option for novice traders as it enables them to trade and learn simultaneously without even having to deal with all the complexities of the cryptocurrency market.
Why does a follower have to pay a commission to the copy trader?
The successful copy traders have studied the market and made all the trades on behalf of the followers. Therefore, on completion of these trades, the copy traders charge a commission from their followers in return for profit.
Is copy trading risky?
Like every other investment, copy trading also comes with its own risks. The risks are that if the trader loses in a trade, you are also bound to lose money.
What percent of commission is shared with copy traders on BYDFI?
The copy traders on BYDFI get 8% of the net profit per order from their followers.
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