Copy Trader
The general idea of our groundbreaking Copy Trader tool is pretty simple: choose the trader you want to copy,
choose the amount you want to copy them with, and watch your account copy their trades automatically.
However, beyond the basic concept of Copy Trading, things get a little bit more complicated,
especially since we’ve added some advanced options to enable you to control your copy risk.
If you want to learn more about the two Copy systems we have at the moment and the new
features of Copy Stop Loss and Pause/Resume Copy, you’ve come to the right place.
Before we begin, we will refer to:
”Copied Trader” as the user you are investing in/copying
“Copier” as the user who is doing the copy action
Here are a few important points you should be aware of before copying:
General Copy Trader considerations:
The minimum amount to invest in a trader is $50.
The maximum amount of traders you can copy simultaneously is 20.
The maximum percentage of your funds you can allot to copying any single investor is 20%.
If your account balance is less than $250, the 20% limitation does not apply and you can allocate
the amount as you see fit, including allotting the entirety of your funds to copying one investor.
The maximum amount you can invest in a trader is $500,000.
The minimum amount for a copied trade is $1; trades below this amount will not be opened.
If you close a copied trade manually the funds from this position will be credited back to the Copy Trader balance.
**These terms and conditions are subject to change at discretion, at any time.
Copy Trader – Copying all trades
The Copy Trader system gives Copiers the option to copy all of the currently open trades
of the Copied Trader. Copiers choosing this system will have the existing open trades of the trader
they are copying opened in their account, with the following terms:
The existing open positions will be opened in the Copier’s account with the market rates available
at the time of copying (not the rates at which the original trades were opened).
The trades will have the same S L and T P as the original trade.
They will mirror the Copied Trader’s future actions including changes in S L’s and T P and closing
of the trade, from the moment you begin copying them.
You will be able to close a specific copied trade without closing the copy account (with the exception of stocks).
Stock orders will be entered for existing stock trades and fulfilled at the first execution point after the copy starts.
When handling pending stock orders in the Copied Trader’s account, the system will wait until they are executed
in his/her account and will then enter an order to buy the stock in your account.
Please note: The trades will all open in your account at the same time. You will see them at a slight loss whichre flects
the spread between the Buy and Sell rates, in order to show you a real time representation of the funds you will get
if you close the trade. New trades will open at the same rates as the Copied Trader opens them and use the Realized
equity (balance + invested funds) as the basis for the proportions of copied trades. E g. A trade opened with 10% of
the copied trader’s realized equity will open a trade in your copy account with 10% of the realized equity in the copy relationship.
However the proportion can change when the Copied Trader changes their available balance – this can occur
when the Copied Trader makes a deposit or withdrawal, or receives credits. When any of these events occur,
there is a change in funds in the Copied Trader’s account, and you might notice trades that have
a different proportion than before. When the Copied Trader closes all open trades, the trade size
proportions between his account and the Copier’s account are reset (equal once more).
**These terms and conditions are subject to change discretion, at any time.
Copy Trader – Copying only new trades
Copiers choosing this system will only copy new trades that the Copied Trader opens after the copy action starts.
The following terms will apply – Only trades opened after the copy action started will open in the Copier’s account.
New trades will open at the same rate as the Copied Trader opens them.
The proportions of the new trades will be calculated from the Realized equity of the Copied Trader
(account balance + invested funds)
The trades will have the same S L and T P as the original trades.
All of the Copied Trader’s actions will automatically be copied in the Copier’s account, including changes
in S L’s and TP’s and closing of the trade.
You are able to close a specific copied trade without closing the copy account (with the exception of stocks).
Stock orders will be entered and fulfilled at the first execution point after the copy starts.
Please note: The proportion can change when the Copied Trader changes their available balance – this can occur
when the Copied Trader makes a deposit or a withdrawal, receives Credits or closes an old trade that was opened
before you started copying him (if you chose not to Copy the already opened trades); when any of these events
occur you might get trades that have a different proportion than before.
**These terms and conditions are subject to change discretion, at any time.
Copy Stop Loss (C S L)
C S L is a new feature that gives you the ability to effectively manage your Copy Trader portfolio
by providing risk management across each copy relationship based on real time Profit/Loss values. It is
essentially an automated risk control system that allows you to set controls for the entire copy relationship,
as a dollar value.
The system will automatically set the C S L at 95% (this also is the maximum value) of your total invested
copy balance with any one copy relationship. Therefore, you will now be able to assume that when the copy
balance has been almost completely depleted, the CS L will trigger and terminate that copy relationship.
The 95% value is a true ‘safety net’ that should only trigger when nearly all the money in that copy
relationship is gone.
For example: Trader A is copied by Trader B with $100. The C S L is set to a 95% unrealized loss which in this
case is $5. Once the current equity, including the profit/loss over all trades, is reduced to $5, the whole copy
account will be closed, and the remaining funds (5% of the original copy amount) will be returned to your balance.
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