A strategy provider has a choice of account types to base their trading on, which present unique trading conditions that are helpful to remember.
Strategy providers using Social Trading accounts can trade on these instruments:
- Forex
- Metals
- Cryptocurrency
Strategy providers use MetaTrader 4 to trade, so all Social Trading accounts are based in MT4.
Here is what each Social Trading account offers as trading conditions for strategy providers:
|
Social Standard |
Social Pro |
|
|
Minimum strategy deposit: |
USD 500 |
USD 2 000 |
|
Minimum strategy equity: |
USD 100 |
USD 400 |
|
Minimum trading volume per order: |
0.01 lot |
|
|
Execution type: |
Market |
Instant, Market |
|
Spread: |
From 0.3 pips |
From 0.1 pips |
|
Margin call: |
60% |
30% |
|
Stop out: |
0% |
0% |
|
Leverage:
|
When creating a strategy: 1:50, 1:100, 1:200 When editing a strategy: 1:2, 1:10, 1:20, 1:50, 1:88, 1:100, 1:200. |
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|
Account currency: |
USD |
|
|
Commission: |
0%-50% |
|
Note: Energies, indices, and stocks are unavailable to trade on these account types.
Commission Account
Strategy providers are presented with an additional commission account where all earned commission is paid into. This commission account is created automatically, and only one per strategy provider is provided. Strategy providers can check the balance of their commission account in their Personal Area, with earned commission transferring at the end of each trading period.
Strategy providers can use their commission account to trade as a regular trading account and commission held within can be transferred to other trading accounts.