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Bybit has introduced copy trading on gold and FX for its users, becoming the first crypto exchange to do so.
The Copy Trading Gold&FX feature allows users to replicate professional traders' strategies directly within their MetaTrader 5 (MT5) accounts, using USDT as collateral.
By copy-trading these strategies, users can engage with traditional markets without requiring extensive market knowledge or prior experience.
“The Copy Trading feature allows users to mirror the trades of professional traders automatically, providing a structured approach to navigating the complexities of Gold and Forex markets," explained Joan Han, sales and marketing director at Bybit.
"This integration aims to enhance portfolio diversification, improve risk management, and create opportunities for optimized trading outcomes within the MT5 platform. Copy Trading Gold&FX is more than just a feature — it’s a gateway to smarter, more efficient trading in traditional asset markets. It represents a bold step forward in Bybit's mission to empower every trader with the tools, resources, and opportunities they need to succeed,” Han said.
The feature also introduces a range of tools to improve trading efficiency including the ability to access professional expertise from seasoned Gold and Forex "Master Traders.", robust risk management tools to help balance portfolios, and seamless integration with MT5 for efficient trade execution.
Master Traders go through a vetting process to ensure expertise and reliability, creating a secure and transparent environment for Copy Trading Gold&FX users.
All trading activities are closely monitored to prevent any unethical practices such as manipulation or misleading performance claims. If a Master Trader’s position is liquidated, risk measurement measures will automatically close follower positions.
Followers are also given full visibility into performance metrics and trading history, enabling them to make informed decisions. The Copy Trading Gold&FX program operates two distribution mechanisms.
Under the "Classic Plan," which focuses on futures trading, profit-sharing ratios are deducted automatically from daily earnings while excess deductions are refunded to followers. Profit shares are credited to Master Traders.
The Gold&FX Plan uses a High-Water Mark Mechanism, where profit sharing occurs only when an account’s net value exceeds its previous peak.
Last month, Malaysia’s Securities Commission (SC) launched enforcement measures against crypto exchange Bybit and its CEO, Ben Zhou, for operating without the necessary registration.
In a statement, the SC ordered Bybit to halt all operations within Malaysia, including suspending its website, mobile applications, and other digital platforms. The exchange has been given 14 business days from December 11 to comply with these directives.
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Additionally, Bybit must cease all advertising targeted at Malaysian investors and shut down its Malaysia-specific Telegram support group.
