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ForexCopy system
The ForexCopy system is a system which enables online copying of trades from a trader's account and their opening on the followers' accounts.
Features of ForexCopy Trading
Yes, you can adjust the subscription parameters and choose either to copy all trades or the trades on the desired currency pairs only.
Accrual of the ForexCopy commission
If a follower chooses to pay a commission per day, a trader will receive the commission daily at 23:30 (GMT+3). Otherwise, the trader will receive the commission only when the follower unsubscribes from the copying.
Cross accounts
An account registered with the PAMM system as a PAMM partner or PAMM investor can be registered in the ForexCopy system as any participant (ForexCopy subscriber, ForexCopy trader or both).
Closing a ForexCopy Trading account
Yes, you can unsubscribe from the ForexCopy system at: Client Cabinet-> ForexCopy System-> Profile-> Deactivate account.
Trader's commission for a subscriber's losing position
No, unfortunately, the trader will not receive a commission for this trade.
Trader's commission for a profitable trade performed by a subscriber
Yes, the trader will receive commission for this trade.
Cancellation of ForexCopy Trading application
You can close a copied trade in InstaTrader, but you cannot cancel it.
Application for ForexCopy Trading
All applications for copying trades can be accepted automatically or manually, it depends on preferences of a ForexCopy trader. If the application for copying has not been approved within 72 hours (3 days), then it is canceled automatically...
Execution speed in ForexCopy
The system may have up to 15 second time lag in copying. Nevertheless, the copied trades will be identical to the original ones opened on a trader's account.
How to choose currency pairs in ForexCopy
At the moment only a few currency pairs are available for the manual copying; their number will be increased soon. However, if you choose the Copy all pairs option, you will copy all the instruments of a trader, including futures, stocks, e...
How to pay ForexCopy commissions
At the moment you cannot choose a commission to pay and will have to pay all the types of commissions set by a trader. However, soon you will be able to choose a commission type to pay.
Changes in commission payment tariffs in ForexCopy
You will pay a commission according to copying terms you accepted at subscription until its termination. However, new subscription is subject to the new commission.
No funds to pay ForexCopy commissions
If it happenes so that a follower is short of funds to pay commission to a trader, then all the follower's funds will be deducted to repay the commission in full, the rest of the debt will be recorded in the system and then deducted from th...
Unsubscribe from ForexCopy Trading
Yes, you can cancel the subscription after you close all the trades copied from this ForexCopy trader's account. After that, go to Client Cabinet-> ForexCopy system-> My traders to unsubscribe.
Restrictions on ForexCopy Trading subscription
You can cancel the subscription of a ForexCopy follower to your account only in case the subscription has been profitable, and a follower closes all the trades copied from your account.
Orders modification for subscribers
Yes, the follower's order settings will change as well.
How to gain profits with InstaForex StartUp Bonus
You can open and close trades on Forex on your own or subscribe to copying deals of successful traders through the InstaForex ForexCopy system.Trade via browserTrade via mobile app:Android MetaTrader 4iOS MetaTrader 4Trade via PCCopy trades...
ForexCopy for MT5 accounts
Meanwhile, this service is not available for MT5 accounts. However, it will be introduced for this type of accounts soon.
Investing bonus funds
No, you cannot. But you can use the bonus funds in the ForexCopy system and copy deals of other successful traders.
