Can I trade on the account as well?
Yes, your MT4 account remains fully in your control. You can trade along side our trades
Are you incentivised to take trades?
There is no financial incentive for us to take trades. Our priority is taking the best trades. Sometimes the best trade is no trade.
Patience and discipline are what make consistent profits in trading.
Can you teach me your strategies?
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?
The spreads are very wide when trading them as derivative (spreadbet or CFD) which makes Cryptocurrency trading poor value.
Are the Live Trade Room trades executed?
This copy service is our in house trading expert's personal account. Simon primarily takes short term scalping trades which would otherwise be near impossible to deliver in the live trading room due the speed required to execute the trades.
The Live Trade Room trades will not generally be traded on this account.
How much should I deposit?
We recommend a minimum of £2500. Use accounts over £7500 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?
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?
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'.
Are there any additional fees?
There are no funding or withdrawal fees with brokers. We also do not charge any performance based fee's. You are only charged for the copy service.