Following traders with an established trading record has the following benefits
There is no need to develop your own trading strategy
No need to download any extra software to gain access to the strategies
Trading is automated
Gain access to a variety of risk strategies and diversify your portfolio
Add your own risk management parameters in case you have a different risk appetite than the trader
Eliminates information overload and decision making if you are a new trader
You still access our competitive pricing and trading conditions
Social Rating Page
You can view our providers and their statistics on the social ratings page, along with their trading statistics, for example ‘Total return’ and ‘Return (1M), by clicking on the strategy name you can see more detailed information (instrument volume, leverage used ) in graphical representations, which helps if you want to focus on specific assets. Select your preferred strategy and click on ‘Invest’.
Control is in your hands
While following a strategy, you still maintain control of your account. Copy trades to your own preference and maximise your control by using any of our three copying methods. Use the ‘Autoscale’ option to follow the provider based on your Equity or balance, use ‘Multiply' to copy trades in a specified ratio of the providers positions or the ‘Fixed’ option to set the copy volume yourself.
Risk Management Features
Risk management option is offered allowing you to set parameters for actions to take place. Set your own parameters on your acceptable level of loss, and if reached automatically suspends the subscription. If at any point you see that the particular strategy is not exactly what you were looking for, you can stop it with the push of a single button and try other strategies. Adjust the ‘Maximum lots’ size to make sure that you do not copy trades over a certain volume, use the ratio multiplier to start copying smaller volumes to test out strategies.
Follow strategies of successful Provider
Social Trading also allows you to create your own offers and provide them to other traders to follow your trading. Becoming a provider has the following benefits :
Create your own strategies based on your trading skills and experience
Earn income from management and performance fees
Promote your strategies publicly or privately
Offer various strategies to appeal to a variety of traders.
Followers can also take advantage of competitive trading conditions offered
Steps to Become a provider
Create An Account
Create a live account,
navigate to the registration provider page.
Enter the live account details (MT5) for the account you want to use as provider account and give it a cool nickname.
Details Of Account
Create your offer by filling out the information required, set who can see your offer and write a small description saying what the offer is about, the more detailed the description the more attractive it will be for potential followers.
Performance & Management Fee
You then set your performance and management fees and perhaps add a minimum balance a follower needs to have in order to follow your strategy. Now you are all set, your offer becomes visible and potential followers can see it! By logging in to the social trading portal, you can see your profits, number of followers and follower growth.
Risk management warning
Whether you decide to be a follower or a provider, it is important to keep risk management in mind. Copying someone as a follower does not mean that your trading is risk free, as there is a level of risk associated with all forms of trading. Even though you are copying someone else, you still bear the risk of the funds in your trading account.