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May 30, 2019

Service Review of Tifia's Social & Copy Trading for traders and investors

What is Tifia's social and copy trading? What are the conditions and how to get started?

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Tifia’s Social and Copy trading service is an innovative service that combines a comprehensive social network for investors and professional traders with a copy trading system.

With the help of Social Trading, in one click you can copy trades of experienced and profitable traders, even if you do not have experience of trading on the Forex market.

Copy trading is a service that copies the trading of another trader to one of your trading accounts.

When you copy another trader, the system places the same transactions on your behalf (in the same direction, with the same level and for the same positions).

You can determine the amount of investment and copy a fixed amount or copy the total volume of transactions on the trader’s account.

You can set the necessary share of the copying amount for each of the trader’s transactions or copy the trader’s transactions in proportion to the investor’s funds.

Try Tifia’s Social and Copy trading

How to start using Tifia’s Social Trading platform?

Start using the copy trading service Social Trading in a few simple steps:

  1. 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.
  2. After a successful login, click on the Create Investor’s Account button. You can create a new account or make one of your existing accounts an investor’s account.
  3. Choose the trader’s account you like, determine the appropriate type of copying, specify the stop level of copying in the currency of your account. You can find more information about the settings and types of copying here.

Become an investor, clicking on the button of the same name

Trading in the Social Trading service is possible on MetaTrader4 platform.

The following account types are available for copy trading: START, CLASSIC and ECN PRO.

The advantages of each type of account can be found here.

Tifia Official Website

At the moment the service supports only real trading accounts, but not demo (virtual) accounts.

How much do you need to start using Tifia’s Social Trading service?

The recommended deposit for copying in the Social Trading platform is $100.

To obtain maximum efficiency when copying trader’s transactions, it is necessary to estimate the amount of funds on their account, and also take into account the volumes, quantity and types of trading instruments used in trade.

To calculate the size of the margin, potential risks and profits, as well as cost of point for the selected instrument, use the Trader’s Calculator.

You can see the trading strategy of traders in the public domain.

Tifia Online Registration

The merits of Tifia’s Social and Copy trading service

The copy trading service Tifia Social Trading is completely free of charge for all Tifia clients both traders and investors.

Tifia Markets Limited does not charge any additional fees for using the service.

Please note that traders have the right to set any commission for the profit.

A trader is entitled to a commission only for trades copied from their account.

Trades that were opened by the investor on their own will not be taken into account when executing the Rollover procedure.

The change in the Trader’s Commission (profit share) does not apply to existing investors who already copy this trader. The trader’s commission valid at the moment of connection of the investor’s account to the trader’s account, will be applied to the investor’s account as long as it exists. If the investor’s account has been disconnected and then reconnected to the same trader’s account, the current Trader’s Commission will be applied to the investor’s account.

As an investor, you do not need to install MT4 trading platforms, but it is sufficient for the investor to simply register and start copying the selected Trader’s account.

Trades are copied very quickly, on average this process takes 0.5 seconds.

However, copied deals are executed at current market prices.

In this regard, the execution prices on the accounts of the trader and the investor may vary slightly.

To manage risks on Tifia’s social trading, you can change the value of the copy stop level at any time.

The copying type and settings of the investor account can be changed only when there are no open trades on the account.

Tifia Official Website

4 types of copying

The Social Trading service offers 4 types of copying, the investor can choose the appropriate type of copying and set up the copying parameters when connecting their account to the trader’s account.

The investor should carefully approach the choice of the copying type, evaluate the trader’s investments, trade history and the trading strategy of the account.

If the amount on your account is significantly different from the amount that the trader has, or you do not have enough experience to evaluate the trading strategy, or you simply would like to test the selected account, we recommend you use the copying type “Copying a fixed share of the investor’s equity”.

This way you minimize the risks and losses in case of a trader’s unprofitable trade.

Study the investors before start copying

Consult the traders' ranking to choose the best ones.

We strongly recommend that all investors carefully study the trader’s profile, the description of the trader’s account, the trading strategy and the rating of traders, before choosing the copying type.

Also please remember that Social Trading is a social network of traders and investors, and you can always ask the trader you want to copy any question in a personal message or a news feed.

You can also diversify the risks and invest your funds in several traders.

One investor’s account can be connected to one trader’s account.

For each account, you can set different settings and copying types.

Open Tifia Social and Copy trading Account

How to manage the risk of investors’ loss?

The investor independently decides on the choice of the Trader’s account, which he will copy, and they are fully responsible for possible risks and loss of funds due to unprofitable trade on Trader’s account.

In order to minimize potential risks and losses when copy trading, we recommend that you set the Copy Stop Level for your investor account.

Copying of new transactions will be automatically stopped when the funds on your account reach the established limit.

Those transactions that have already been copied by the time the copying is stopped will be closed simultaneously with the Trader’s account.

Comparison and verification of the amount on the Investor’s Account with the value of the Copy Stop Level occurs every 120 seconds.

Another way to limit your risks is to copy in proportion to the investor’s funds or to copy a certain percentage of the volume of each transaction.

You can adjust the level of risk by specifying a small percentage of the volume of copied transactions or in case you do not use all of your funds for copying.

Do not forget that with these settings, the potential profit will also decrease in a similar proportion.

Be careful of leverage settings

On the Social Trading platform, there are no rules regarding to different leverage issue.

However, when connecting to the selected trader account, we recommend that you pay attention to the account currency and the size of the leverage.

The discrepancy between these parameters may lead to a discrepancy in margin requirements on accounts.

In this regard, we recommend setting up an account similar to a trader’s account or registering a new trading account.

You can see the size of the leverage and the currency of the account on the page of the selected account.

Visit Tifia Official Website for more

Check the Traders’ Ratings to choose your signals

Trader’s Rating displays statistical information that will help investors choose the most suitable trader.

The information about trades of traders you copy is updated and displayed in real time.

In the Trader’s Rating, you can see all the necessary data about each trader:

  • Nickname in Social Trading.
  • Type and number of trading account.
  • Term of work – the duration of trading in Social Trading.
  • Trader’s commission – the percentage of the profit earned by the investor, which is credited to the trader’s account from the account of the investor who copies it, after the rollover.
  • Profit percentage – the profitability value is calculated by the formula:

Profit = ((EquityFinal _1/EquityStart_1) * (EquityFinal _2/EquityStart_2) * … * (EquityFinal _N/EquityStart_N) – 1) * 100%

where:

Profit is for profitability (yield) in %.

EquityStart_X is for the funds available at the beginning of period X.

EquityFinal _X is for the funds available at the end of the period X.

N is for the last reporting period.

  • Profitability is calculated in USD.
  • Balance is the amount of funds on the Trader’s account (in the currency of their account).
  • Investors are the number of investors who copy the trader’s account.
  • Investors’ balance is the total amount of funds in the investor’s accounts.

Simple 3 steps and start copying trades today!

  1. Become a Tifia client.
  2. Open a Trading Account.
  3. Go to social trading page, come up with your nickname and start copying successful traders or trade yourself and become a top trader.

Find out more about Tifia’s Social & Copy trading

For your reference, here are some of the frequently asked questions by investors of Tifia’s social trading program.

If you wish to become a trader (money manager) within Tifia’s social and copy trading program, visit this article to find out more.

For any inquiries, Tifia’s multilingual customer support team is available for 24/5 from the Official Website

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