When an investor copies orders made by a strategy provider, the orders are copied to an investor's investment, which incorporates a copy coefficient calculation.

The copy coefficient is used to determine the volume of trades copied to the investment account. The strategy provider's order size is multiplied by the copy coefficient to open the corresponding volume in the investor’s account.

Note: The copy coefficient is calculated separately for each order, however, this will depend on the account type of the strategy provider.

For Social Standard and Social Pro accounts

Calculation formula:

Whenever an investment is created for a strategy, the system calculates the copy ratio accordingly.

The copy coefficient is also recalculated at the end of the billing period and when the trader deposits into the strategy account. In both cases, investment orders will be closed at current prices and re-opened with a new volume corresponding to the recalculated copy coefficient.

Note: Copy coefficient never increases after the start of investment regardless of any withdrawals on the strategy account.

Copy coefficient (K) = investment’s equity / (strategy’s equity + sum (strategy’s open orders spread cost))

Strategy’s open orders spread cost - strategy orders spread cost at the moment of the copy action. Current market prices are logged immediately upon initiation of the copy action.

When the strategy has no open orders, the open orders spread cost will be set as 0.

Copy ratio recalculation

When a strategy provider deposits into the strategy account:

1. All orders opened investment accounts will be closed at the current market price.
2. The copy coefficient will be decreased as the strategy’s equity has increased by the deposit made.
3. Orders  will be opened with the close price and zero spread on the investment accounts with a recalculated copying coefficient.

At the end of the billing period:

Orders are automatically closed and reopened with a new copying coefficient, or in some cases, with the same copying coefficient, as the investment equity has decreased by the performance fee withdrawal.

For Pro accounts

For Pro accounts, the copy coefficient is calculated individually for each newly opened order. At the start of an investment, only new orders placed by the strategy provider are copied, and any previously opened orders are not copied into the investor's account.

Unlike Social Standard and Social Pro accounts, for Pro accounts there is no recalculation of the copy ratio and reopenings of orders at the end of the billing period or after a deposit into the strategy account. Each order is copied with a ratio calculated based on the investor’s equity and the strategy provider's equity.

Calculation formula:

Copy coefficient  (K) = investment’s equity / strategy’s equity

Note: The strategy’s equity is calculated at the moment before the strategy provider opens the order.

The copy ratio is precise and clear so investors can rest assured that their profits are fairly and accurately distributed based on their investment.

Read more about how copying works to view the various scenarios where the copy ratio is applied.