Frequently Asked Questions

Performance Fee is the way for Followers to pay Providers for their work. This is a portion (in percent) of a profitable Trading result of a Subscription paid to the Provider. In case of a negative Trading result, Performance Fee calculation is skipped. Performance Fee calculation is controlled by Follower configurations (Trading Result’s calculation Mode and Trading profits) and Offers (Performance Fee Percentage and Trading Interval).

The fee is processed as a pair of withdrawal and deposit balance operations with custom comments. The calculated fee amount is withdrawn from the Follower as a Withdrawal PerformanceFee transaction type and deposited to the Provider as a Deposit PerformanceFee transaction type. By default, the receiver of the Fee is the Provider’s Trading account itself, but if a Provider has a Fee Receiver Account specified in the Provider’s Settings, Performance Fee transactions will be routed there.

Performance fee formula:

Performance Fee = Subscription’s Raw Profit * Fee %

Example:

Performance fee = 20%;

Interval: Per Trade

Mode: Positive Profit

Commission = -$10/lot

Trading volume = 0.5 lot

Raw Profit (based on the open-close price difference) = $20

• Performance Fee if MetaTrader fees are included:

Performance Fee = $20 * 20% = $4 

Agent Fee, paid by Providers to the third-parties such as Introducing Brokers or social media influencers who attract Followers to the broker’s social trading platform. Agent Fee are paid as percentages of the Performance Fee deducted from a Follower trading account. The person paying the Agent Fees is the Provider, but technically, the Provider does not issue these transactions. Provider only set how much will be allocate and system will be automated calculate the fees

Agent fee formula:

Agent Fee = Performance Fee * Agent Fee

Example

Agent fee: 10%

Performance fee: 20%

Fee type: Positive profit

Follower closes a trade with $100 profit

Follower pays = $100 * 20% = $20 Performance fee withdrawn

Agent Fee = $Performance fee withdrawn * Agent fee % = $20 * 10% = $2

Provider receives = Performance fee withdrawn - Agent fee = $20 - $2 = $18 

It is possible for a follower to close an order by provider social trading. This is because the follower has the ability to make their own decisions and execute their own trades. By using the provider's social trading platform, the follower is able to view real-time market data and analyze it to make informed decisions on when to enter and exit positions.

The follower can also set their own risk parameters and decide how much capital they want to allocate to each trade. This allows them to control their risk and take advantage of any potential profits. By closing the order, the follower is able to take profits or limit losses.

This allows the follower to make their own decisions and take control of their risk while still taking advantage of the provider's real-time market data and analysis. 

Social trading is a form of financial trading that allows investors to follow and replicate the trades of more experienced traders. It is an ideal solution for less experienced traders (followers) who want to connect with and copy the trades of more skilled traders without having to spend hours researching and analyzing the markets.

With social trading, you determine the amount you want to invest and then you can automatically mirror all the actions of the trader in real-time. When the chosen trader executes a trade, your account will simultaneously execute the same trade. This allows you to benefit from the experience and knowledge of the more experienced trader without having to do the research and analysis yourself.

Social trading is a great way for investors to gain access to a wide range of trading strategies and to benefit from the expertise of experienced traders. It also allows you to diversify your portfolio and to invest in a variety of different markets and assets. With social trading, you can access a variety of different trading strategies and benefit from the knowledge of experienced traders. 

Social trading is a form of investment that allows you to copy the strategies of experienced traders. It is a great way for new investors to learn the ropes and benefit from the expertise of more experienced traders. Here's how it works:

First, you have to choose a provider whose goals align with yours to follow. You can review their past performance, risk profile, and strategy to make sure it is a good fit for you.

Once you have chosen a provider, you need to determine your investment amount. This will be the amount of money you are willing to invest in the provider's strategies.

Next, you need to open an account with a copy trading platform. This platform will automatically mirror all positions of the selected provider in your trading account.

You can then add additional funds to your account if needed. This is important as it allows you to benefit from the provider's strategies with a larger amount of capital.

Finally, you will be charged a performance fee to the provider for any generated profit. This fee is usually a percentage of the profits generated by the provider's strategies.

Social trading is a great way for new investors to get started in the world of investing. By following the strategies of experienced traders, you can learn the ropes and benefit from their expertise. Just make sure to choose a provider whose goals align with yours and determine your investment amount before getting started.