Copy trading allows you to automatically copy trades from experienced traders into your own trading account. With MarketMates CopyMate, you can browse hundreds of trading strategies, review their performance, and start copying in just a few simple steps.
This guide walks you through the complete setup process, from creating your MarketMates account to connecting your MT5 account and copying your first strategy.
Tip
The entire setup usually takes less than 10 minutes if your account has already been verified.
Before You Begin
Before you can start copy trading, you’ll need:
- A verified MarketMates Client Portal account
- An MT5 CopyMate trading account
- The CopyMate mobile app installed
- Funds deposited into your MT5 CopyMate account
Step 1: Create a MarketMates Account
Fill in the application and submit your registration.
Step 2: Verify Your Account
After logging into the Client Portal, you’ll see a banner prompting you to verify your account.
Click Verify Account and complete the KYC verification.
This usually requires:
- Proof of Identity
- Proof of Address
- Selfie
Important
Your MT5 CopyMate account cannot be created until your verification has been approved.
Step 3: Refresh the Client Portal
Once your verification has been approved, simply refresh the page.
You will now be able to create your MT5 CopyMate trading account.
Click Create Live Account for the next step.
Step 4: Create Your MT5 CopyMate Account
Click Live Account.
- Select MT5 CopyMate.
- Select your preferred account currency.
- Select your preferred account type.
- Click Create Account.
Tip
The available options appear progressively. For example, you’ll only see the currency selection after choosing MT5 CopyMate, and the account type will only appear after selecting your preferred currency.
Your MT5 CopyMate account will be created within a few seconds.
Step 5: Remember Your Trading Account ID
Once your account has been created, you’ll see your MT5 Account ID.
Keep this number handy as you’ll need it later when connecting your trading account inside the CopyMate app.
Step 6: Your MT5 Password
Your MT5 CopyMate account uses the same password as your MarketMates Client Portal.
There is no separate MT5 trading password to remember.
Tip
If you can log in to your Client Portal, you’ll use exactly the same password when connecting your MT5 account to CopyMate.
Step 7: Download the CopyMate App
If you haven’t already installed the CopyMate app, download it from your preferred app store.
Tip
Always download CopyMate from the official Apple App Store or Google Play Store to ensure you’re using the latest and most secure version.
Step 8: Register a CopyMate Account
Open the CopyMate app.
Tap First time here? Open an account to get started.
Important
CopyMate has its own login system. Even if you’ve already registered a MarketMates Client Portal account, you’ll still need to create a separate CopyMate account.
Step 9: Complete Your CopyMate Registration
Create your CopyMate account by filling in the required information.
You may use the same email address as your MarketMates Client Portal account.
Before creating your account, carefully read the Terms & Conditions, then tick the checkbox to confirm your acceptance.
Tip
Using the same email address for both your MarketMates Client Portal and CopyMate account can make managing your accounts easier.
Step 10: Log In to CopyMate
Once your registration has been completed, log in using your newly created CopyMate account credentials.
After logging in successfully, you’ll be taken to the main dashboard where you can connect your MT5 trading account.
Step 11: Connect Your MT5 CopyMate Account
From the bottom navigation menu, tap Account.
Next, connect your MT5 CopyMate trading account by following these steps:
- Tap the Settings icon.
- Select Connect Account.
- Enter your MT5 Account ID.
- Enter your MT5 password, which is the same password used for your MarketMates Client Portal.
- Tap Connect.
Within a few moments, your trading account will be connected successfully.
Tip
If you can’t remember your MT5 Account ID, simply log back into your MarketMates Client Portal where your trading accounts are listed.
Important
Make sure you enter your MT5 Account ID and MT5 password correctly. An incorrect password will prevent CopyMate from connecting to your trading account.
Step 12: Browse Trading Strategies
Tap on the Discover tab to explore the available trading strategies.
You’ll find strategies ranked by various performance metrics, including:
- Total Returns
- Copiers’ Profit
- Performance
- Popularity
You can also tap See All to browse additional strategies.
Take your time to compare different traders before deciding who you’d like to copy.
Tip
Every trader has a different trading style and level of risk. Don’t simply choose the trader with the highest returns.
Step 13: Review the Strategy Details
Tap on any strategy to view more detailed statistics.
Before copying a trader, consider reviewing:
- Total Returns
- Performance History
- Maximum Drawdown
- Risk Score
- Number of Followers
- Performance Fee
Once you’re satisfied with the strategy, tap Copy.
Important
Past performance does not guarantee future results. Always review the strategy’s drawdown and risk profile instead of focusing solely on returns.
Step 14: Configure Your Copy Trading Settings
Before copy trading begins, you’ll be able to customise how trades are copied into your account.
Available settings include:
- Trade sizing method
- Position sizing
- Whether to round up to the minimum trade size
- Whether to copy existing open trades
You’ll also be able to review the strategy’s performance fee before confirming.
If you’re unsure which copy trading settings are best for your trading style, visit our Copy Trading Resources to learn what each option does and how it affects your trades.
Once you’re happy with your settings, tap Copy.
Tip
Choosing the right copy settings can have a significant impact on your overall trading experience. Take a few minutes to understand each option before getting started.
Step 15: Copy Trading Activated
Once your settings have been applied successfully, you’ll receive a confirmation message.
Your account is now ready to begin copying trades whenever your selected strategy opens a new position.
You may also configure your preferred maximum drawdown protection if required.
Step 16: You’re Connected!
Navigate back to the Account page.
You should now see:
- Your account status shows Connected.
- Your connected MT5 trading account.
- The strategy you’re currently copying.
Important
- If your MT5 account has insufficient funds when your signal provider opens a new trade, your status may change to Not Connected.
- If you change your MarketMates Client Portal password, update the password inside the CopyMate app as well.
Congratulations! You’re now copy trading with MarketMates.
Things to Know Before You Copy
- Past performance does not guarantee future results.
- Every trader has a different level of risk.
- You remain in full control of your trading account and can stop copying a strategy at any time.
- Your funds always remain in your own MT5 trading account.
- Only invest money that you can afford to risk.
Need Help?
If you experience any issues while setting up CopyMate or connecting your MT5 account, our support team is here to help.
Before contacting support, please have the following information ready:
- Your MarketMates registered email address
- Your MT5 Account ID
- Screenshots of any error messages, if applicable
- A brief description of the issue
Our team will be happy to assist you so you can get started with copy trading as quickly as possible.
Frequently asked questions
What is copy trading?
Copy trading allows you to automatically copy the trades of experienced traders into your own MT5 trading account. Whenever the trader you follow opens or closes a position, the same action is automatically replicated in your account based on your selected copy settings.
Do I need a separate CopyMate account if I already have a MarketMates account?
Yes.
The MarketMates Client Portal and CopyMate are separate platforms with different login systems. Even if you already have a MarketMates account, you’ll need to register a CopyMate account before connecting your MT5 trading account.
Can I use the same email address for both accounts?
Yes.
You may use the same email address for both your MarketMates Client Portal and your CopyMate account. However, you’ll still need to register each account separately.
Why does my account show "Not Connected"?
There are several possible reasons:
- Your MT5 account has insufficient funds to copy the trader’s latest position.
- Your MT5 password has changed and hasn’t been updated in the CopyMate app.
- Your trading account has been disconnected from CopyMate.
- There may be a temporary connection issue.
If the issue persists, please contact our support team.
What happens if I change my MarketMates Client Portal password?
Your MT5 CopyMate account uses the same password as your MarketMates Client Portal.
If you change your Client Portal password, you’ll also need to update the password inside the CopyMate app. Otherwise, CopyMate will no longer be able to connect to your MT5 trading account.
Can I copy more than one trader?
Yes.
CopyMate allows you to connect to multiple strategies, provided your trading account has sufficient funds to support the additional positions and associated risks.
Can I change my copy trading settings later?
Yes.
Most copy trading settings can be adjusted after you’ve started copying a strategy. Depending on the changes you make, they may only apply to future trades rather than positions that are already open.
Why aren't any trades being copied yet?
There are several possible reasons:
- The strategy provider has not opened any new trades yet.
- Your account status is showing Not Connected.
- Your account has insufficient funds.
- Your copy settings may prevent certain trades from being copied.
- Your MT5 account password may be incorrect.
You can check your account status under the Account section of the CopyMate app.
