What are conditions for withdrawing money from a Copy Trader’s account?
Withdrawing funds from a Copy Trader’s account automatically launches rollover.
At the same time, the Trader’s Commission will be deducted from the money to be withdrawn.
The following formula is applied:
Available funds= Equity-Credit-Margin-Commission
How to limit your trading risks?
To restrict potential losses when copying trades, a copy trader can preset Copy stop terms in his/her account currency.
If the loss from copying reaches this value, copy trading will be suspended on this account.
The equity amount in the Copy Trader’s account is compared with the Copy stop terms every 2 (two) minutes.
Also, you can limit your risks by choosing a specific copy type, for example, Copying a predefined % of the Trader’s each trade or Copying a fixed share of your equity.
Having pre-set a small percentage of copy trade volumes or using a fixed share of your equity, you can control your risks, but you reduce your prospective profits respectively, at the same time.
Changing your Copying Trader’s settings
You can change the copy stop conditions, copying type and account settings at any time.
It’s worth considering the fact that changes don’t apply to open trades and will apply to all future copy-trades.
Copying the trades of different Traders
You can copy as many traders as you wish. Wise distribution of funds will allow you to reach the highest copy trading efficiency. You can customize copy trading settings for each particular trader.
Can a trader change his/her profit share at any time?
Yes, a trader can change the size of their share of the profit at any moment, but this change will only affect new copying traders who are attached after the new percentage of profits has been set.
All current attached accounts of copying traders will operate according to the conditions that existed at the time of their attachment.