How to open Deriv cTrader account and Start Copy Trading
Deriv’s cTrader is a customizable online trading platform offering advanced charting, copy trading, automated trading, and secure infrastructure, ideal for traders looking to access global markets and replicate successful strategies.
How to Open a Deriv cTrader Account and Start Copy Trading
cTrader by Deriv is a sleek, customizable trading platform designed for modern traders.
It’s a one-stop shop equipped with precision tools, offering an intuitive interface, robust charting, and advanced order flow analysis.
This platform is perfect for traders seeking a sturdy, full-featured trading environment, providing access to a wide range of markets including forex, indices, stocks, commodities, and more.
What is cTrader?
cTrader is an online trading platform created by Spotware Systems, specifically for CFD trading.
It offers comprehensive charting tools, algorithmic trading, and level II pricing, aiming to provide traders with transparency and control.
Key features include:
- Advanced Charting Tools: Wide range of indicators and customizability for in-depth technical analysis.
- Level II Pricing: Detailed view of the order book for better-informed decisions.
- Copy Trading: Connect and copy strategies from successful traders.
- Automated Trading: Supports bots and expert advisors for automated trading.
- Comprehensive Order Management: Features like OCO orders and market depth visualization.
- Secure Trading Infrastructure: Includes data encryption and DDoS protection.
Deriv cTrader – Embrace Your Trading Potential
With Deriv as your broker, you’ll get tight spreads and fast execution, enhancing your cTrader experience.
Deriv cTrader allows you to access global financial markets, including proprietary synthetic indices available for trading 24/7.
Getting Started with cTrader Copy Trading
Copy trading on Deriv cTrader is a straightforward process.
Here’s how you can begin:
- Navigation:
Go to the cTrader platform and click on the ‘Copy’ tab. - Choosing a Strategy Provider:
Browse or search for suitable strategy providers under the “Strategies” tab.
Add favorites under the “Favourites” tab for easy access. - Reviewing Strategy Providers:
Check each strategy’s ‘Fees and Conditions’, including minimum investment and various fees. - Confirm Strategy Selection:
Set an Equity Stop Loss to limit potential losses.
Choose your account and investment amount, then click ‘Start Copying’. - Monitoring and Reviewing:
Regularly monitor and adjust settings based on performance and market conditions.
Understanding Your Fees
Here’s an example of fee calculation for a strategy called “Sample Strategy”:
Volume Fee Calculation:
Formula: Volume Fee = (Total Volume Copied / 1,000,000) × Volume Fee Rate
Example: For $3,000,000 volume, the fee is $15.
Performance Fee Calculation:
Formula: Performance Fee = Net Profit × Performance Fee Rate
Example: For $1,500 net profit, the fee is $300.
Management Fee Calculation:
Formula: Management Fee = (Investor’s Equity / 100) × Management Fee Rate
Example: For $10,000 equity, the fee is $50.
Special Notes for Deriv Clients
The cTrader Copy platform at Deriv offers transparent fees and strategy performance history.
Investors can manage their investments and risk levels with user-friendly tools.
By following these steps and understanding the features and fees associated with cTrader, you can start your journey in copy trading with Deriv’s cTrader platform. Remember, trading involves risks, and it’s essential to trade responsibly and within your means.