A Trader is a person, who traders on the Forex market. A successful trader is a professional, who makes a regular profit and for whom trading is the main source of income. If you’re confident enough and ready to earn more, you can add to your income for profitable transactions an additional profit for your knowledge and experience - join CopyFX as a Trader.
This section contains major aspects of your operations along with answers to the frequently asked questions.
To learn more about the platform specific features and your role, go to "Help" section.
How to become a Trader in CopyFX:
1 You open the MT4 Trader’s account or any MT5 account with a hedging model.
2 You deposit funds to the account, specify the subscription conditions and start trading activity, results of which are recoded in the Rating.
3 Your profitability will help you to attract subscribers (Investors).
4 You receive your commission (this step is not applicable for Traders without commission).
This may be useful for a Trader:
How do I choose the way of receiving commission?
CopyFX offers you two ways of getting paid for your services when trading on an MT4 account: you may either receive the commission for each profitable transaction copied from your account or receive a fixed percentage of the total profit made by an Investor for all transactions copied during an investment period. The most important thing is that in both cases you do not lose any additional funds from your personal trading account. Also, you have an opportunity to work as a Trader without commission with an MT4/MT5 account and attract new subscribers thanks to considerable competitive advantage (no commission).
More detailed information can be found on "Trader on commission" and "Trader on profit" pages.
How do I open a Trader account?
If you already have a RoboForex Members Area, you can open an Trader account there, on "Open CopyFX account" page.
If you’re not the Company’s client yet, you have to register register and choose "CopyFX" account type when opening a new account.
MT5 traders do not need to create an additional account to participate in CopyFX.
What type of account can I open?
CopyFX offers you the following types of accounts: ProCent, Pro, ECN, Prime, Pro-Affiliate, ECN Affiliate, Cent Affiliate.
More detailed information about account types can be found on "Account Types" page.
How to specify the subscription conditions?
You can specify the subscription conditions on "CopyFX settings" page right after you open a CopyFX account and deposit funds to it. The conditions are effective from the date they were specified.
You can read more about the parameters to be specified on "Subscription conditions" page.
How do I attract Investors?
Your activity and results of your trading are displayed in "Rating" table, which is a major source of information for Investors when choosing the Trader. First of all, they pay attention to your profitability index, trading activity, and the number of subscribers. If you want to show yourself as a wise and reliable Trader, don’t stop trading on your accounts for a long period of time.
When and how will I receive commission for my work?
The commission for the transaction copied from your account is transferred when:
The investment period is over. The commission is paid on Saturday at 1:00 AM server time.
The Investors cancels the subscription. The commission is transferred several minutes after the subscription is cancelled.
The Investor transfers/withdraws funds from their account before the investment period is over. The commission is transferred several minutes after the Investor performs a balance operation.
Please note that you don't receive any commission for the transactions copied from your account if you operate according to "Trader without commission" scheme.
You can read more about the commission calculation on "Calculation of trader's profit" page.
What is the Trader’s affiliate program?
Trader’s affiliate program is an opportunity to expand the number of subscribers to your account. Other CopyFX users will get the affiliate link to be used for attracting new Investors to your account.
Your benefit lies in the growth of the number of subscribers and their loyalty in the future, along with the following increase in profit from operation in CopyFX platform.
The Affiliate program is specified for each account separately. This option is available in the form of changing the subscription conditions in your Members Area.