Fixed Commission for CopyTrade Investors
The CopyTrade app has survived a massive update! We do hope you are going to enjoy it because the changes are terrific.
Great News for Investors
To cut a long story short, you will now pay a fixed 5% commission from your profit to any trader. The rest of the earned money goes to you! You don’t need to consider a commission when selecting traders you want to copy and can concentrate on their strategies. Diversify your funds, invest in various top performers, and see how the account balance grows. Do not hesitate to update to the latest version of your app.
How Changes Affect Traders
What do you mean - “Fixed commission”? Do not worry! You will stay rewarded. However, now the commission you get is fixed at 5%. You will get a fixed amount of money per investors and their profit. It means that the more people get motivated by your performance and succeed on the market, the more you are paid.
You Need Activity
The Commission parameter disappears from the application so that you can analyze traders based on the more important metrics.
We added the Activity parameter to the trader’s info. It shows the activity of a person you, as an investor, are planning to copy.
It is a percentage ratio between days from the creation of the account and days during which the trader was closing deals. If the activity is low, it is not the best candidate for copying because you will wait for profit long weeks or even months.
Hence, traders should be more active to get new copiers. So, cheer up and trade on!
Check your Client Agreement for the changes. Update your CopyTrade app to a new version or download it if you haven’t tested the service yet.