When it comes to trading on Bitrexify or using its social trading features, we encourage responsible behaviour among all our users. Our “responsible trading policy” calls on traders to protect themselves from emotional decision making that can result in unnecessary losses.

Novice traders, in particular, tend to rely more on “gut feelings,” because they don't necessarily have a lot of experience in financial trading to make rational and informed choices.

To help traders avoid making rash online trading decisions, Bitrexify, in accordance with local financial regulators, recommends the following:

Maximum leverage according to the following list:
30:1 for major currency pairs

20:1 for non-major currency pairs, gold and major indices

10:1 for commodities other than gold and non-major equity indices

5:1 for individual equities and other reference values

2:1 for cryptocurrencies

Place no more than 20% of your equity on one trade

The key factors of smart investing are low leverage and portfolio diversity, a fact attested to by the portfolios of Bitrexify's top traders.

Here are some tips for becoming a more responsible trader:

Only invest in what you know: Don't follow random tips or gut feelings. If you want to invest in a certain asset, familiarise yourself with its history and tendencies.

Look at your Risk Score: Your unique Risk Score is a great way to see if you are a responsible trader. Keeping a Risk Score of 3 or lower on Bitrexify is recommended.

Adjust your portfolio: Diversify your portfolio with assets across many classes. If you don't want to monitor your portfolio frequently, opt for lower-involvement instruments, such as CopyPortfolios™ or our CopyTrader™ system.

Copy other responsible traders: When you copy another trader, look at their Risk Score, history, and portfolio diversity.