How to Copy?
- Discover – Find a profile to copy
- Search friends, groups or mentors
- View top trader ranking
- Select a profile you want to view/copy
- Profile – Select profile to copy
- View - Trading stats
- Follow button – not available unless you copy first
Select copying method
- Round up to minimum trade size - Ensures no trades are missed
- Copy existing trades - any open trades will be copied
Select Trade size
- Fixed size - all copy trades are fixed to one size
- Mirror Master size - copy master trade size irrespective of account size
- Proportional by Equity - Trade size is proportional to account equity. Copier can reduce or amplify their exposure to the size of trades
Manage Risk
- Set Warning level – Triggers an alert
- Set a Soft Stop level – Suspends any future trades from signal
- Set a Hard Stop level – Closes all copy trades
- Reset allows you to set a new start equity level for you max drawdown settings
- Useful when a user increase their funds on deposit;
- Or when their max drawdown level have been triggered
Fees that may be incurred
- Performance Fee - % of any profit made on the trade. You must agree to the Performance Fee a Signal Provider levies to copy them.
- Trading fee – trading is subject to commissions, spreads, swaps and corporate actions that occur when trading CFDs/FX on leverage.
Trading options
ThinkCopy also provides the option of trading
- Place an order in the Trade section and go to Positions
- Open – Open positions
- Pending Orders – any orders waiting for an execution
- Closed – Positions which have been closed