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OctaFX Copytrading

Terms & Conditions

  • CopyTrade is a service that allows traders (Copiers) to copy trades from other traders (Masters), and can be activated by selecting ‘Start Copying’.

  • Copying trades can be stopped by the Copier at any given time by selecting ‘Stop copying’. Copying can be also modified using the Modify function.

  • This service is available only on the Metatrader 4 platform. Both Master and Copier accounts should be of MT4 Micro type.

  • To start copying, the following conditions must be met:

  1. The client’s MT4 Micro account should have access to the Copy Trading service activated. (For the time being a client can request this service to be added by contacting our Customer Support).

  2. A client can either be a Copier or a Master.

  3. The copier should be logged into their personal area or logged in on the website to subscribe to the Copy Trading Service.

  4. The copier can copy any number of Masters (all current subscriptions can be found in the ‘My (Masters)’ tab).

  • Opening copied trades outline:

  1. Only the trades opened after the service is activated will be copied. The Master’s current open trades will not be copied when a Copier starts copying trades.   

  2. Stop loss/take profit orders will not be visible in a Copier’s trading terminal, but if these orders are triggered on the Master’s account, the copied trades will be closed too.

  3. The volume of the copied trade depends on both Master and Copier accounts’ leverage and equity, and is calculated as: volume (copied trade) = Equity (Copier)/Equity (Master) x Leverage (Copier)/Leverage (Master) x volume(Master). Example: Master account equity is $500 and leverage is 1:200, Copier account equity is $200 and leverage is 1:100. 1 lot trade is opened on the Master account. The volume of the copied trade will be: 200/500 x 100/200 x1 = 0.2 lot.

  4. The minimum volume of the copied trade is 0.01 lot, maximum volume is 100 lots.

  5. The volume of the copied trade can’t be smaller than 0.01 lot. If the copied trade volume is between 0.008 lot and 0.01 lot after the calculation is made, then 0.01 lot trade will be opened on the Copier account. Otherwise the trade will not be opened on the Copier account.

  6. The volume of the copied trade can’t be bigger than 100 lots. If the copied trade volume is bigger than 100 lots after the calculation is made, then the trade will not be opened on the Copier account.

  7. The Deposit Percentage option is available from the moment of subscribing to the Master’s account and is used to customise the Copier’s risks when using the service. If the difference in percentage between the Copier’s account balance and equity is greater than the value stated in the Deposit Percentage when a new trade is opened on the Master’s account, then this trade will not be opened on the Copier’s account.

  8. Once the service is activated the trades will be copied to the Copier’s account whether the owner of the account is signed in or not.

  • A Copier can close any copied trade manually at any time in their MT4 account.

  • If the Master changes equity (by depositing or withdrawing) or leverage, all the copied trades maintain their initial volume on the Copier’s account.  

  • Both Master and Copier accounts are of the MT4 Micro account type, meaning all trading conditions (e.g. spreads, swaps, leverage, symbols) will represent MT4 Micro account trading conditions.

  • A Copier can stop copying new trades from any Master by selecting ‘Stop copying’. Any trades from a Master’s account copied before that will remain open. A Copier will need to close such trades manually in MT4 in order to stop copying them.

  • The Master will set a commision for copying orders independently (the commission ranges from $0.1 to $20 per trading lot that is opened by a Copier).

  • The Copier’s trading statistics can only be viewed by the Copier.

  • Anyone is able to view Master’s trading statistics.

  • In order to apply for Master account status a client should have an MT4 Micro account that has copy trading service access activated. Please contact Customer Support to request that your account to be added to the Masters list. Your Masters application can be rejected based on analysis of your client’s trading performance.

  • Please mind that a Master can have both profitable and losing trades.

 

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