Strategy providers create strategies that investors copy, and gain commission. This article is your guide to everything you need to know as a strategy provider.
- About Social Trading
- Getting started
- Setting up and trading with your first strategy
- How to deposit and withdraw from your strategy
- Breakdown of a strategy
- How commission works
- Boost your strategies
About Social Trading
Social trading is a service by which investors copy strategies set up by strategy providers while they all earn on profit together.
The Exness Social Trading app presents an attractive way to share strategies for investors to copy, and is packed with features. Any existing Exness clients can start using the app with existing accounts, and can be both an investor and a strategy provider.
Getting started
The Social Trading app is not necessary for strategy providers to trade, but a verified Exness trading account is required. Strategy providers using an Exness trading account need to set up a strategy in order for investors to copy their trades. If you do not have an Exness account, steps are provided below on how to sign up.
Signing up:
- Visit the Exness homepage and fill out the registration fields under New Account, including the country you live in and your email address, as well as a password you set.
- Greeted with your Personal Area, select Social Trading from the main menu on the left.
- Click Join Now, and then follow the steps required to verify your account. (Please follow the link for an in-depth guide to verifying your account).
- Next, a page allowing you to create a new strategy will be shown; enter the strategy’s name, its description, and a password.
- Now select an account type, commission rate, and leverage, then click Continue.
- You may skip adding a profile picture, but this page will allow you to upload one following the image requirements.
- Congratulations! A new strategy has been created with an opportunity to make a deposit.
Setting up and trading with your first strategy
How to deposit and withdraw funds
To deposit:
- Log into your Personal Area and select Social Trading.
- Find your strategy under the Your Strategies tab and click on the cog icon to bring up its options, then choose Make deposit.
- Select a payment method and follow the prompts to complete.
To withdraw:
- Log into your Personal Area and select Social Trading.
- Click the cog icon on your strategy and choose Withdraw money.
- Select a payment method and follow the prompts to complete.
Breakdown of a strategy
Let’s take a closer look at how a strategy is presented within the Social Trading app, to better understand what an investor may see.
Each strategy has the following information:
- Nickname of the strategy.
- The name of the strategy provider.
- A risk score out of 10.
- A Return rating.
- The number of investors currently copying the strategy
- The commission rate.
- The chosen leverage.
What can be set by the strategy provider?
A strategy provider can only set a strategy’s account type, commission, and leverage initially. The strategy’s name, description, commission rate, and minimum investment amount can be edited from the Personal Area after the strategy is created by clicking on the cog icon to bring up its settings.
In the case of commission rate, once changed only new investments will reflect the commission rate.
Statistics present the return and equity for the strategy with customizable graphs.
- Return shows a strategy’s past performance.
- Equity is the total amount of funds available in the strategy account.
All of these statistics can be set to defined periods of time for your convenience.
The News Feed lists any updates made by the strategy provider to their investors currently copying the strategy.
Finally, Orders show all open orders as well as a history of orders made on the strategy. Tapping any item in the list will expand its details.
How commission works
When you create a strategy, you are able to set the level of commission that strategy will use. When your strategy starts to become profitable, investors will pay a certain percentage of their earnings to your account. However, no commission will be rendered from investors for loss and any profits made subsequently will not garner commission until that commission exceeds the amount of the loss.
Commission is calculated at the end of a typical trading period and takes a number of aspects into calculation. Here is the technical formula that is used to calculate commission:
Investment_Commission (USD) = (Equity+sum(Paid_Commission) - Invested_amount) * %commission - sum(Paid_Commission)
- Equity - current investment equity.
- sum(Paid_Commission) - total paid commission till date for the particular investment.
- Invested_amount - investment’s starting balance
- %commission - commission rate set by the strategy provider
All results from the formula are rounded down.
We recommend reading our more in-depth article about how commission is calculated to find out more.
To help you keep track of all commission related details, a commission report feature can be found in the Personal Area. It is useful when you want to track how your strategy’s commission is performing, and to keep track of any incoming commission.
Access Commission Reports in a few simple steps:
- Go to your Personal Area > Social Trading tab.
- Click on the cog icon on the strategy of your choice to bring up its settings.
- Click on Commission Report.
Please note that the Commission Report feature is only visible for active strategies.
Boost your strategies
There are a number of things you can do to make your strategies more attractive for investors to copy.
Here are a few tips:
- The name of your strategy should be clear, eye-catching, and spelt correctly to garner trust from potential investors.
- Carefully consider your strategy’s settings (leverage, commission, minimum investment amount etc.); the better they are for the investor, the more likely they will invest in your strategy.
- Upload a profile picture that stands out, the more professional the better.
- Add a Bio to your profile which is a brief introduction about yourself, your journey into the world of forex and your interests and hobbies in general. This is a way for you to connect with investors.
- The About section is your opportunity to show investors that you’re the winning strategy; use it wisely. Consider the following:
Tips to remember:
- Base your strategy’s About section your strategy’s primary focus. For example, is it focused on metals, or perhaps you specialize in a certain currency symbol?
- Is your trading style long-term or do you prefer day-trading? Tell investors as much as possible so they are better informed and more willing to copy.
The better you are able to describe your strategy, the more likely you will find investors most suited to you.
Social Trading Partner Link
Your Social Trading Partner Link is another way to generate commission from both investors and strategy providers who sign up using it. To find it, open up the Social Trading app and navigate to the Wallet tab.
When you share this link with someone, you will start to earn commission for every completed trade they make after their initial deposit. This link can be shared easily with others on social networks, so don’t be shy about sharing it.
For a more in-depth look, read more about your Social Trading Partner link here.
Investing is risky. A strategy provider’s past performance is not a guarantee of future results. Exness assumes no liability for any losses resulting from investment activities, the validity or reliability of the content or forecasts in the “About” section.