Copy Trading by MTrading is an automated service with the most profitable traders to follow. Join as a copy master or as a subscriber to earn with the tightest spreads and other inviting trading conditions.
To become a Copy master, follow these simple steps: 1. Open a new live account from your Dashboard, click Show All , Choose Invest Type - Copy master, then Save. 2. Click on your master account and then click Publish strategy. This will start the publishing wizard that will help you create your strategy. Specify all the required info including your commission and fund allocation type.
The profit share, that is a commission, is charged only on profits made by copying the master and is paid each Sunday for the previous week. The performance fee is paid on a weekly or monthly basis according to the settings the masters apply on their strategy pages. The information about the applied settings can be found on the overview card of the strategy section.
You can select the allocation type to specify the proportion in which your subscribers are going to copy the master's (your) positions. The formula helps to calculate the volume (in lots) of the subscriber's position. Here are the allocation formulas: By Balance: Subscriber lot = Trader lot * (Subscriber balance / Trader balance) By Balance * Ratio: Subscriber lot = Trader lot * (Subscriber balance / Trader balance) * Ratio By Equity: Subscriber lot = Trader lot * (Subscriber equity / Trader equity) By Equity * Ratio: Subscriber lot = Trader lot * (Subscriber equity / Trader equity) * Ratio By Ratio: Subscriber lot = Trader lot * Ratio By Free Margin: Subscriber lot = Trader lot * (Subscriber free margin / Trader free margin) By Fixed Lot Allocation: Subscriber lot = Ratio Example 1: Fixed Lot Allocation (Subscriber lot = Ratio). If your Subscriber sets a fix lot = 0.03 then all the master’s positions will be copied by volume equal to 0.03 (for DJ/NQ/SP/Oil indices, the minimum trading volume is 0.1). In this case, 0.03 lot will be opened for the Subscriber. Example 2: Allocation by Ratio (Subscriber lot = Trader lot * Ratio). Let’s assume that the copying ratio for the subscription is Ratio = 2. The master opens a position Trader lot = 0.5. Then, Subscriber lot = 0.5 * 2 = 1.0 lot will be opened for the subscriber.
Your strategy should have a `Published` status and your account should be active. This will allow other traders to find your strategy in the list, subscribe and start to copy your trades.
The company offers many appealing features, for example, we offer to pay a promo campaign for traders to promote themselves as professional Copy masters. The master has to use the company’s brand style frames. The master should prepare the strategy content, and the company's local marketing team will set up an advertising campaign that the company sponsors. Also, social media ads will be sponsored by the company. The top 5 masters - Rising Stars will be presented on the company’s Copy Trading page inside the Trader’s Room for copy traders to subscribe and to start copying, and that is free of charge.
You can find all the information about your funds, fees and strategy performance on your master account page inside the Copy Trading platform. The subscribers' page shows your portfolio including the list of all your subscribers, pending and received commissions, subscribers statistics, subscribers' account numbers, the subscription status, the date of subscription, the sum invested in the subscription, profit or loss from the trade and the allocation type.
More information here.