Traders in the ForexCopy system
The innovative ForexCopy system by InstaForex invites traders to register with the system and provide a paid service of copying their trades to followers. By giving access to the copying, successful Forex traders receive a commission per every copied trade or a commission per every day of subscription.
To become a ForexCopy Trader, open a live account on any InstaForex server and register with the ForexCopy system as a trader. After the registration, set the terms of copying for your followers and select one of the following payment options:
Commission per profitable trade:
- Commission per trade that will be paid by the ForexCopy follower per every profitable deal;
- Commission per 0.01 lot that will be paid by the ForexCopy follower per 0.01 lot of every profitable deal;
- Profit share that will be paid by the ForexCopy follower per every profitable deal.
Commission per lots traded:
- 0.5 pip commission for 1 lot traded by every ForexCopy follower, which is paid by InstaForex. This type of commission allows traders to make their ForexCopy project free of charge for the followers and boost its popularity.
Commission per subscription day:
- Commission per subscription day, excluding days when Forex market is closed for holidays (December 25th and January 1st) or weekends (Saturday and Sunday).
After registration in the ForexCopy system, your trading account is added to the public monitoring list, which is visited by thousands of potential followers every day, who search for successful investment projects. The ForexCopy system does not limit the number of followers a trader may have: he may be followed by tens, hundreds or even thousands of followers worldwide. The copying system is fully automated and does not require any additional actions from the trader allowing him to concentrate on Forex trading.
ForexCopy traders have an opportunity to copy deals of other ForexCopy traders by selecting them in the monitoring list. Linking a group of traders whose orders are copied in an integrated manner, a follower may cover possible losses or join a group of other followers and copy deals of one trader on a smaller scale. A trader may combine different trading methods, technical and fundamental analyses by using an advantage to copy orders of other traders, analyze their strategies and average the risks.
Depending on a payment option, a Trader receives a commission by the end of the day or after the subscription has been cancelled. A trader may choose a commission per subscription day and receive a commission every day, or a commission per trade and receive a commission for every profitable trade after his follower has cancelled the subscription. In the latter case a commission is calculated on the basis of the trading result (total profit and total loss) obtained within the period of subscription to a ForexCopy trader. The commission per lots traded is credited daily if the follower has copied trades this day. Any commission is credited automatically with no additional actions required. Both the trader and the follower may monitor a current amount of commission to be paid online.
ForexCopy by InstaForex: Earn more with professional trading tools!
ForexCopy Monitoring will help you check the success of various forex traders registered with the ForexCopy system and choose those who seem the most prosperous to you. Monitoring contains yield statistics, balance and equity growth charts with adjustable timeframe enabling you to track the trading effectiveness of a chosen ForexCopy trader.