Social Trading commission is a fee that an investor pays to a strategy provider for profitable investments. With Social Trading, strategy providers pre-define a commission rate at which investors are to share their profits for the copied strategies.
If an investor makes a profit of USD 1 000 on an investment and the commission rate is 10%, he will be charged USD 100 to be paid as commission to the strategy provider.
Social Trading commission is credited to a Standard trading account automatically created in the strategy provider’s Personal Area for this purpose. It is called the Social Trading Commission account and these funds once credited can be used for trading, withdrawals, or for transferring to other accounts.
The commission rate set by a strategy provider can be adjusted later. However, the new commission rate will only be applied to newly opened investments; existing investments will remain unaffected.