Scope Markets Launches Copy Trading Suite as AI Liability Questions Mount
The broker's position, communicated to Finance Magnates, places responsibility squarely on the customer for how the agent is built and what it does.
Scope Markets Ships Scope Copy: 130+ Providers, Inverse-Copy Toggle, High-Water-Mark Fees
Scope Markets pushed Scope Copy live on MetaTrader 5 this week, powered by PLUGIT's YOONIT engine. The beta phase logged over 500,000 replicated trades before launch; the service opens with more than 130 strategy providers on board. Clients can dial risk and trade size per strategy. Providers set performance fees between 10% and 50%, enforced through a high-water-mark model — fees only accrue once prior drawdowns are recovered. The standout feature is inverse copying: a provider's buy signal executes as a sell in the follower's account, effectively turning any strategy into a counter-signal feed. For copy-trading operators still running legacy PAMM or MAM allocation, the inverse toggle and per-client risk sliders represent a meaningful step in execution granularity.
AI Trading Agents: 50,000 Robinhood Accounts, Zero Regulatory Clarity on Liability
The liability question around autonomous trading agents is no longer theoretical. Robinhood reported that in the first weeks of its agentic trading rollout, over 50,000 customers opened agentic accounts, executing millions of dollars per day in equities and options. The broker's position, communicated to Finance Magnates, places responsibility squarely on the customer for how the agent is built and what it does. Legal and regulatory experts cited in the same reporting expect broker obligations to tighten as the technology matures. Proposed safeguards include kill switches, circuit breakers, and potential "Know Your Agent" rules — none of which are codified yet. For copy-trading platforms integrating AI-driven signal generation or execution, the gap between current terms of service and likely future regulation is a compliance exposure worth stress-testing now.
Broker Balance Sheets: iFOREX Outlook Cut, LCG Ownership Shift
iFOREX lowered its earnings outlook following a sharp decline in July trading income. No specific figures were disclosed in the roundup reporting. Separately, London Capital Group changed hands: managing director Matthew Basi and CEO David Worsfold acquired the stakes previously linked to founder Charles Sabet through MBDW Holdings. The shares were sold by Walder Wyss on behalf of creditors stemming from the 2024 FlowBank bankruptcy. Companies House filings confirmed the transaction; the price was not disclosed. LCG now operates under direct leadership ownership as an exclusive introducing broker for IG. For signal providers and copy-trading affiliates routing through LCG or iFOREX, the ownership and revenue shifts are worth monitoring — broker stability directly affects execution quality and counterparty risk downstream.