Frequently Asked Questions
Remember you can use our live chat feature if you have any other questions that aren't covered below!
Can I trade on the account as well?
Yes, your MT4 account remains fully in your control and you can trade along side our trades within the same MT4 account.
Can you teach me your strategies?
Yes.
We run a live trade room and have master trading courses in our members' area. We also have one-on-one mentoring if you are looking for extensive, tailor made personal training. https://members.traderoomplus.com/
Do you trade Cryptocurrencies?
Yes, sometimes.
Though it is rare that we trade cryptocurrencies, it is worth noting that we do occasionally trade them. We have partnered with a broker who has offered our clients unique low spreads on cryptocurrencies.
Are the Live Trade Room trades executed?
No, this Copy Trading service runs separately from our Live Trade Room. The purpose of our Live Trade Room is to identify and provide live trades as well as educational explanations as to why we got into a trade. The purpose of this copy trader is not educational in nature but rather a way in which people are able to have trades taken by experts mirrored directly into your account.
What is the risk per trade?
Our risk per trade varies. At the moment we're keeping the risk per trade to around 2%. Our risk to reward ratio is generally around 1:1.5/2 ratio on each trade.
How does the system work?
Our funded trader broker analyses pooled data to identify profitable top traders (TTs) who take highly profitable trades and manage their trades with good risk management. We have handpicked an excellent trader that has had good results and proven risk management. Each trade is opened and closed to match the trade taken by this trader. Our trader is aware that they are being copy traded and our priority is to keep this person focused on high quality trading and provide them with all the necessary tools they may need.
How much should I deposit?
While you can technically set up an account with a minimum of 1000, we recommend a starting balance of at least 3000. Use accounts over 10,000 for the best results. This amount will allow you to compound at a reasonable rate (Same percent of risk but of an ever-larger trading account).
Are the spreads widened?
No.
It is common for copy trading platforms to widen the spreads of copying accounts then share some of that spread with the signal provider. This encourages over-trading and 'churning', which is ultimately detrimental to the trader.
The compatible brokers' list are individually selected to give the best performance and tightest spreads.
Do brokers really want profitable clients?
Yes.
Without going into too much detail about A and B book brokers, internal and external hedging risk management, the compatible brokers we work with want and need profitable 'flow'. These brokers profit from the spread of a trade rather than winning or losing trades.
Are there any additional fees?
No.
There are no funding or withdrawal fees with brokers. We also do not charge any performance based fees. You are only charged a fee for the copy service itself.
Can you guarantee earnings?
No and you should avoid any person or company that does.
While past performance isn't indicative of future results we believe being open and honest about our performance is crucial. This is why we provide verifiable results via MyFXBook. You can find the link in our results section.
Do you put your money where your mouth is?
Yes, absolutely!
All three of us have money invested in our Copy Trader in the exact same way as our members do. There are 3 main reasons for this:
1. We're putting our own money on the line, unlike many so-called 'gurus' who use demo accounts. We have 'skin in the game'.
2. We can monitor how the customer experienced each and every trade, from execution to closure.
3. We want to be along for the ride!
