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Guide

What is copy trading?

The short version, in plain English. Updated Oct 5 2026.

What is copy trading?

Your account automatically makes the same trades as a trader you choose, in the same share of the account, only smaller. When they buy, you buy; when they sell, you sell.

What is a copy trader?

Either the trader being copied, or the person copying. On MrCopyTrade, the traders are hand-checked wallets on Hyperliquid, and you are the copier.

Does copy trading work?

It can, but most copiers lose — usually because they pick a trader after one lucky month, or follow records that count deposits as profit. Long, clean records and fewer trades help.

What does it cost?

The exchange fee plus a small copy fee on each trade. A trader who trades all day costs you more; we favour traders who trade less.

What are the risks?

The trader can lose, and you lose the same share. A copy arrives a few seconds late, so prices can be a little worse. Set a maximum loss before you start.

How much money do I need?

Around $1,000 works well for most of our traders; each trader page shows the smallest copy that works.

Can I use copy trading as a hedge?

Yes — copying a few short sellers with a small part of your money can soften a falling market if you mostly hold coins. See Copy trading as insurance.

Which exchange?

Hyperliquid today, where every account is public, so records can be checked. More exchanges later.

See the traders