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Question:When do I get my commission from LiteForex's Social Trading account?

Answer:

Commissions are transferred from a copy trader’s account to the trader’s account after rollover has been performed.

i.e. once a trading interval has been completed.

Commission will be paid only in case the attached copy traders have registered profits from copied trades from the moment of the latest rollover or attachment.

Rollover is executed automatically every 24 hours at 01:00 (time as indicated in the trading platform).

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How do I perform rollover? How often shall I do that? Does a rollover close any trades?

Rollover is a settlement procedure between a Trader and a Copy trader.

Thus, a rollover means that a trading period has been completed and a new trading interval begins.

If profits have been registered at the end of a trading period, the Trader receives his pre-set share in a Copy Trader’s profits.

Conversely, a rollover is not performed if no profits have been registered.

Rollover is executed automatically every 24 hours at 01:00 (time indicated on the trading platform).

Each time a Copy Trader detaches his/her account from the Trader or withdraws money from his/her account, a rollover is performed automatically in the Copy Trader’s account.

A rollover does not close any trades.

This procedure is meant for settling accounts between a Trader and a Copy Trader regarding the profits made from closed trades, in the amount of the profit share pre-set by the Trader.

What is liquidation of Trader’s account? What happens to open trades when a trader’s account is deleted?

Liquidation of a trader’s account means that the account is no longer used as a trader’s account and all copy traders’ accounts are detached from such an account.

Liquidation of a trader’s account is obligatorily preceded by a rollover.

To initiate liquidation, turn off the toggle “Make available for copy trading” in the Settings of the Trader’s Profile.

Open trades will be closed at the price valid at the moment of deleting the account.

The Company does not charge any extra fees for using the service. The Company derives benefit from increased trade volumes by providing some Clients with conditions that do not imply independent trading.

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