To become a money manager (trader) of Tifia’s social and copy trading service, follow the simple 3 steps below.
- Using the login (email) and password of your Tifia account, log in the Social Trading platform. Please be advised that when you first enter the platform, you will need to set your nickname. To register a new account with Tifia, please click here.
- After a successful login, click on the Create Trader’s Account button. In the Social Trading service, you can create a new account by clicking on the Create Trader’s Account button in the Investments section, or by making one of your existing Tifia accounts a trader’s account. To do this, the account must have a positive value in the Equity column.
- Set your trader’s commission, describe the type of trade, recommended deposit size, set up the option Display Account in Rating, etc. in accordance with your wishes and trading type.
If you ticked the box Display Account in Trader’s Rating when creating a Trader Account, your account will appear in the Trader’s Rating in real time.
The position of the account in the rating will vary depending on your trading.
If the trade is profitable – the account will go up, and vice versa.
In your trader’s account, you can perform any trading strategies as Tifia is an ECN and NDD broker.
Using robots and advisers by the Trader is also not limited.
How much is the required minimum deposit amount?
To create a trader’s account, you do not need to make a deposit.
The recommended deposit to start trading in the Social Trading service is 100 USD (or the equivalent amount in your account currency), and also depends on the size of the minimum deposit of the selected account type.
What is Rollover and How to earn commissions from investors
The commission is transferred to the trader’s account after the rollover from the investor’s account, provided that the total profit on the closed deals copied by the connected investors since the last rollover or connection is positive.
You can change the percentage of the trader’s commission at anytime.
However, the changed percentage of the trader’s commission will only apply to new investors who begin to copy your account after the changes have been made.
All former investors will copy your account on the terms and conditions valid at the time of their connecting.
What is Rollover?
Rollover is a procedure necessary for mutual settlements between Traders and Investors depending on the results of trading of the Traders as of the end of the Trading Period.
Provided that the trading period was closed with a profit, the trader will receive their commission equal to the percentage of the profit received by the investor.
If the trading period was closed at a loss, the rollover will not be made.
Rollover does not initiate closing transactions.
How to do a rollover?
In order to do a rollover, go to the tab Trading -> Accounts, click on the number of the Trader’s Account for which you need to perform the rollover procedure and click on the Rollover button on the account page that opens.
The rollover procedure is NOT initiated when the Trader withdraws funds from their account.
If the investor makes a withdrawal of funds or disconnects from the trader, the rollover procedure occurs automatically.
In this case, the rollover procedure is performed for a particular investor account.
How to quit as a money manager (trader) of Tifia?
To stop your trading account from being a Trader’s Account, you can remove it from the Social Trading service.
To do this, in the account settings, click the red button Delete Trader’s Account.
All investor’s accounts will be disconnected.
Before the account is deleted, the rollover procedure is mandatory.
All investor’s accounts connected to the trader’s account are disconnected from the trader’s account automatically when it is deleted.
In order to activate the liquidation of the trader’s account with the service, click the button Delete Trader’s Account in the account settings in the Trader’s Personal Cabinet in the Social Trading service.
Rollover will be performed, open transactions will be force closed at the current price.
Open trades will be closed at the price applicable at the time the removal of the account.
You can also pause the copying of new transactions for one of the accounts, some accounts or all connected accounts.
Copied and open transactions in the pause mode will be closed simultaneously with the closing of the same transactions on the trader’s account.
For more information or inquiries, please visit Tifia Official Website.