In Social Trading, investors can copy trading strategies made by strategy providers and earn profits together. This article has all you need to know as an investor in Social Trading.

What is Social Trading?

Social Trading is a service where investors copy trades set up by strategy providers. With the Exness Social Trading app and Social Trading Web Investor, investors like yourself can find and view various strategies and start investing in a chosen strategy.

Any existing Exness client can start using the Social Trading app and the Social Trading tab in their Personal Area (PA) with existing accounts and can choose to either be an investor or a strategy provider.

Getting started

To begin, download the Social Trading app:

Log in with an existing Exness account

If you already have an account with Exness, choose Sign in and enter your registered email address and Personal Area (PA) password to sign in.

Creating a new account

1. Launch the Social Trading app and tap Get Started.
2. Select your country, enter an email address, set a password, and check the tickbox to confirm you are not a US citizen; then set a passcode for unlocking the app and/or set Touch ID or Face ID biometrics.

Note: Passwords must contain at least 1 special character from the allowed characters: # [] () @ $ & * ! ? | , . / \ ^ + _ - (spaces are not allowed). Read more about passwords.

Your Social Trading account is now created.

3. Next, you can choose to complete your account verification or do it later.

Important: If you choose to skip this step, you will not be able to join a strategy or fund, and some payment methods may not be available. Completing the account verification process is highly recommended.

4. To complete your account verification, tap on the Account icon and tap Activate deposit methods.
5. First, you will be asked to verify your email. Tap Send me a code and then enter the 6-digit code sent to your email.
6. Next, enter an active phone number from your country of residence, then tap Send me a code. Enter the 6-digit code sent to your phone.
7. Provide your personal information; make sure your full name matches the name shown on your verification documents.

Note: After this step, you will be able to make deposits of up to 2,000 USD for 30 days. To remove this limitation, follow the next step to complete full account verification.

8. The final stage for full verification is uploading verification documents as proof of identity (POI) and residence (POR) and filling out your economic profile.

Note: You will see a note about the kind of documents and the format that we accept. Please comply with those while making your submission. Also, note that it can take up to 24 hours for each of your documents to be checked by our specialists. Once verified, you will be able to make deposits and start investing.

Learn more on Exness account verification and why verification is important.

Deposit and withdraw

To deposit:

1. Log into the Social Trading app and tap the Account tab.
2. Under Investment wallet, tap Deposit.
3. Select a payment method and follow the prompts to complete your deposit.

To withdraw:

1. Log into the Social Trading app and tap the Account tab.
2. Under Investment wallet, tap Withdraw.
3. Select a payment method and follow the prompts to complete your withdrawal.

Choosing a strategy

On the app, the Strategies page showcases all the strategies available to you. You can view them according to currency, most copied, return, commission, and more. Learn more about the available strategy categories and filters.

A strategy page for a particular strategy provides a host of information about the strategy and the strategy provider. You can find an overview of the strategy which includes the return, risk score, commission, orders, as well the strategy provider’s updates on their news feed. Read more on the information on strategy you can find in the Social Trading app.

Copying your first strategy

To start investing in a strategy:

1. On the strategy page, tap on Start Copying.
2. Enter the amount in USD you wish to invest, taking note of the minimum investment amount set by the strategy provider.
   1. If you do not have sufficient funds, top up your investment wallet.
   2. If the minimum investment is too high, please select a different strategy or increase the investment amount.

3. You will see the message Your investment was opened successfully and all trades on the selected strategy will be copied onto your investment using the copying coefficient and current market prices.

Commission fee

When you copy a strategy, you can see the level of commission that strategy uses. As a strategy starts to become profitable, investors pay a certain percentage of their earnings to the strategy provider at the end of that trading period according to this formula:

Investment Commission (USD) = (Investment Gross Equity + Sum of paid Commission) -  (Invested amount + Copy dividends) × % commission - Sum of paid Commission

If there is no previously paid commission, the formulae will be: 

Investment_Commission (USD) = (Gross Equity - Invested_amount + Copy_dividends) * %commission

• Gross Equity - Investment amount + Investment Orders Profit or Loss - Commission paid
• sum(Paid_Commission) - total paid commission to date for the particular investment.
• Copy_dividends - A proportion of withdrawn profit from the strategy provider.
• Invested_amount - investment’s starting balance.
• %commission - commission rate set by the strategy provider.
• All results from the formula are rounded down.

Important: No commission will be rendered for loss and any profits made by a Strategy Provider subsequently will not garner them commission until that profit exceeds the amount lost previously.

Here are some articles you may find useful when starting your investment journey:

• Social Trading Glossary
• What are the main benefits of being an investor?
• What is the maximum amount I can invest in a strategy?
• Managing your Social Trading alerts

Once you’ve created an investment, the next steps are to:

• Exploring the Investment Page
• Setting up Stop Loss and Take Profit