COPY MENTORS

COPY MENTORS is a retail forex and CFD broker registered in Guernsey, operating from Suite 5, One Cornet Street, St Peter Port. According to industry records, the broker was founded on 2 December 2025, though this date lies in the future at the time of this review, suggesting it may be a projected or placeholder date. The broker’s official website, copymentorslive.com, is live and presents trading services centred on derivative products.

Based on our inspection, the broker does not hold any known regulatory licences from major financial authorities. FXCanary’s proprietary risk assessment has assigned a Scam Risk Score of 57 out of 100, which falls into the ‘Elevated’ category. This indicates that while the broker may be operational, there are significant concerns regarding oversight and transparency.

COPY MENTORS is not regulated by any recognised financial regulator. The broker is registered in Guernsey, a jurisdiction that does not require forex brokers to obtain a licence for offering services to international clients. The absence of regulatory oversight means that traders do not benefit from protections such as negative balance protection, segregated client funds, or access to an ombudsman service.

In FXCanary’s assessment, the lack of regulation is a major red flag for retail traders. We strongly advise caution when dealing with unregulated entities, as there is no independent authority to oversee the broker’s conduct or handle disputes. The elevated risk score reflects this regulatory gap, as well as the broker’s short operational history.

The broker’s website does not explicitly list multiple account tiers or minimum deposit requirements. Based on the limited information available, it appears that COPY MENTORS may offer a single account type with access to the Deriv MT5 and Deriv cTrader platforms. The trading specifications page mentions minimum lot sizes and volume limits, but not account-specific spreads or commissions.

We could not find details on demo accounts, Islamic (swap-free) accounts, or other account customisations. Traders seeking tailored account structures may need to contact the broker directly for clarification. The lack of transparent account information is a further limitation for potential clients.

COPY MENTORS provides two popular third-party trading platforms: Deriv MT5 (MetaTrader 5) and Deriv cTrader. Both platforms are widely used in the retail forex industry and offer advanced charting tools, automated trading capabilities, and support for multiple order types. The broker’s website highlights round-the-clock trading hours and high liquidity as key benefits.

The instrument offering includes CFDs on Forex, Derived Indices, Stocks, Stock Indices, Commodities, Cryptocurrencies, and ETFs. Derived Indices are synthetic indices that are not tied to real-world market movements, which may appeal to traders looking for 24/7 trading opportunities. The range of assets is moderate but covers major asset classes.

The broker’s website does not provide specific information on deposit and withdrawal methods, currencies, or processing times. Common industry methods include bank transfers, credit/debit cards, and e-wallets, but we cannot confirm which are supported by COPY MENTORS. The absence of this information makes it difficult for traders to assess the convenience and cost of moving funds.

Similarly, we found no details on minimum deposit amounts or account base currencies. Traders should exercise caution and seek clarity from the broker before committing funds. In unregulated environments, payment processing may also be less reliable.

COPY MENTORS does not prominently display customer support channels on its website. There is no live chat, visible phone number, or email address provided on the main pages. This lack of accessible support is a significant drawback for traders who may need assistance with account issues or trading queries.

We also did not find any educational resources such as webinars, tutorials, or market analysis on the site. The broker appears to offer a bare-bones service without supplementary tools for trader development. For beginners, this could be a major disadvantage.

Given the lack of regulation and limited transparency, COPY MENTORS seems aimed at highly speculative traders who are willing to accept elevated risk in exchange for access to leveraged trading on a range of instruments. The broker’s reliance on Deriv platforms suggests a turnkey solution that may appeal to those familiar with these interfaces.

However, the broker is not suitable for conservative investors, newcomers to forex trading, or traders who prioritise safety and regulatory oversight. The elevated risk score and unregulated status make it a high-risk choice that should be approached with extreme caution.