Strategy Providers (SP) can choose between two account types - MT4 Social Pro and MT4 Social Standard for their Social Trading strategy accounts, which present unique trading conditions. Read more about these account types below to decide which is best suited to your trading style.
Social Trading strategy accounts allow strategy providers to trade with these instruments:
Investment accounts are automatically created whenever an Investor begins copying a strategy, and closed when the Investor stops copying a strategy. They too present unique trading conditions and have been included in the handy table below.
Here are the trading conditions for each Social Trading account:
|Account type||Social Standard||Social Pro||Investment|
|Minimum first deposit:||USD 500||USD 500||USD 10 (by default) Amount set by strategy provider (max USD 200 000)|
|Minimum subsequent deposits:||Based on the payment method selected||Based on the payment method selected|
|Min equity to activate strategy:||USD 500||USD 2 000|
|Maximum investment:||Strategy_equity × Tolerance_factor or total equity (the lower of these)|
|Max total equity: (strategy account equity + investment accounts equity)||USD 200 000 Restriction activates at the moment of investment account opening|
|Min strategy account equity:
(to be available for copying)
|USD 100||USD 400||New investments can be created if the strategy account equity is above this minimum|
|Min trading volume of orders:||0.01 lots||Investments copy TV (TVmaster_order×Copying_coefficient)|
|Order execution:||Market||Market, Instant||
|Spread:||Based on Standard account type||Based on Pro account type|
|Margin:||Based on the trading instrument|
|Gap level:||Based on Standard account type||Based on Pro account type|
|Swap:||SWAP = SWAPmaster_order*Copying_coefficient|
|Leverage:||When creating a strategy: 1:50, 1:100, 1:200 When editing a strategy: Any value between 1:2 and 1:200 can be set from the Personal Area||No leverage for investment accounts|
|Commission:||0% - 50 % at increments of 5%, set by SP|
Strategy account type requirements
Consider these points about strategy account types:
- The minimum deposit for both Social Standard and Social Pro accounts is USD 500 in a single transaction.
- For Social Pro accounts, the strategy is only active once the SP has an equity of USD 2 000 in the strategy account. This can be done either by deposits or by earning profits into the strategy account. If a strategy is not active, it will not be visible to investors; read more about the requirements of strategy visibility.
- Energies, indices, and stocks are unavailable to trade on strategy accounts.
SPs have an additional commission account where their earned commission is deposited. This commission account is created automatically, and only one is provided per strategy provider. They can check the balance of their commission account in their Personal Area, with earned commission transferring at the end of each trading period.
SPs can use their commission account to trade as a regular trading account and the commission held within can be transferred to other trading accounts.