A social trading strategy is an account created by a strategy provider in their Personal Area, for the purpose of performing trading. Investors are able to view these strategies on the social trading application and choose to copy them. Upon doing so, all trades on a particular strategy account will be copied onto the client's investment using a copying coefficient.
The two accounts available for strategy creation are Social Standard and Social Pro for trading on MT4 platforms.
Social Standard: This strategy account can be created by a strategy provider with a minimum initial deposit of USD 500 (in a single transaction). It is similar to the Standard trading account available in the Personal Area. You can read some top features here.
Social Pro: This strategy account can be created by a strategy provider with a minimum initial deposit of USD 500 as well, but it has an equity requirement of USD 2000 in order for the strategy to qualify for activation. It is similar to the Pro trading account available in the Personal Area. You can read some top features here.
Note: Deposits into the Social Trading accounts can also be made in the form of internal transfers from other existing trading accounts.
Multiple strategies can be created and managed simultaneously by any strategy provider in their Personal Area.
To learn more about strategies, do check out all other articles in this section.