What is social trading commission?
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.
Can I copy more than one strategy at the same time?
What’s a social trading strategy?
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.
Can I change my existing trading account to a strategy account in Social Trading?
An Exness trading account cannot be changed into a Social Trading strategy account. Once a trading account or strategy account has been created, the account type is set permanently. We recommend creating a new strategy account, or signing up as a strategy provider if you haven’t already.
Follow the link below for a video walkthrough on how to open a strategy provider account for more.
What can a strategy provider trade?
Strategy providers can trade on a wide variety of instruments including:
- Forex instruments
- Commodities (Metals)
Trading instruments are split into symbol groups as seen on MetaTrader 4 by account type:
Account type Symbol group
Order execution available
- Forex currency, Cryptocurrencies, and Commodities (Metals) with market execution
- Forex currency and Commodities (Metals) with instant execution
- Cryptocurrencies with market execution
Follow the link to learn everything there is to know about trading instruments.
How do I withdraw from my Social Trading account to my Exness trading account?
As an investor, it is only possible to withdraw your funds to a payment system available to you. However as a strategy provider, it is possible to transfer funds from a Social Trading account to an Exness trading account.
Simply follow these steps:
- Log in to your Exness Personal Area.
- Navigate to the Social Trading tab.
- Click the gear icon on the Social Trading strategy you wish to transfer from and select Withdraw Money.
- Select the Internal Transfer option presented.
- With the “Between Your Accounts” tab open, enter the required information:
a. From: the Social Trading account is pre-defined (but can be changed).
b. To: the Exness trading account you wish to transfer to.
c. Total (USD): the amount, in USD, you wish to transfer from your Social Trading account to your Exness trading account.
Click Transfer to confirm this information.
- Follow the on-screen instructions to complete the transfer action.
By taking these steps, you can transfer funds from your Social Trading account to your Exness trading account.
Follow the link to learn more about transactions with Exness.