🔁 What is copy trading? And how it works on Polymarket

Copy trading means automatically mirroring another trader's positions with your own money, at your own size. You pick a trader, set your rules — how much per trade, what to skip, when to stop — and software places a matching order in your account whenever that trader places one in theirs. You keep your own balance, your own positions and your own off switch.

The general idea

Copy trading (also called social trading or mirror trading) exists across markets — stocks, forex, crypto. The premise is simple: instead of deciding every trade yourself, you delegate the selection of trades to a trader whose record you have examined, while keeping control of the size and limits. The copier never controls your funds directly; the platform sizes and places mirrored orders under rules you set.

What it does not do: it does not make the copied trader's results your results. Your copies fill at slightly different prices, your sizing skips trades theirs didn't, and — most importantly — their past performance is historical data, not a forecast of their future trades.

Why Polymarket is unusually well suited to it

On most platforms you have to trust the trader's self-reported statistics. On Polymarket, trades settle on-chain: every wallet's full trading history is public, and you can check it yourself on a block explorer. Before copying anyone you can see exactly what they traded, when, and how it resolved — no screenshots, no claimed returns.

That transparency is what Polyfox's Smart Wallets list is built on: a ranking of wallets by a Score (50–100) computed from historical trades — past profitability, win rate, consistency, and how a simulated copier would have done after slippage. The Score summarizes public history; it is not a recommendation, and high-Score wallets can and do lose money.

How copy trading works on Polyfox

When the wallet you copy trades, Polyfox places a mirrored order from your balance, sized by your rules:

• Sizing — a percentage of the target's trade or a fixed dollar amount per trade; platform minimum $1 per copied trade.
• Skip, don't bump — if a sized copy falls below your per-trade minimum, it is skipped, not raised. (One exception: below the $1 platform floor, the default setting buys at exactly $1 — you can turn that off.)
• Scope — copy-sell mirrors the fraction the target sold, within the wallet the copy runs in. Run a copy from a sub-wallet to keep it fully isolated from your manual positions.
• Filters — price bands, size bands, take-profit/stop-loss, slippage limits, market vs limit orders.
• Transparency — every executed or skipped copy sends a notification; pause or delete at any time.

The full mechanics — including Fast copy, sub-wallets and every filter — are on the Copy trading page.

The honest caveats

• Past performance is historical data, not a forecast. A wallet that did well for a year can start losing the day you copy it.
• Copy trading automates entering risk at your chosen size — it does not reduce risk. Positions can lose all of their value.
• Small balances copy less faithfully. Percentage sizing on a small balance means many copies fall below the $1 minimum and get skipped — which is why Polyfox suggests (not requires) $100+ for copy trading.

The full catalogue of what can go wrong — and which controls help with each — is in Copy trading risks. This page is informational only and is not investment advice — see Legal notes.

Next steps

Open Polyfox