As a Signal Provider you allow copiers to replicate your trades via the ThinkCopy app. You can in turn charge a performance fee to copiers and earn from the success of your trading.
Getting started with ThinkCopy
1. Create a ThinkCopy account via ThinkPortal if you haven’t already. In the platform selection choose ThinkCopy –
Note, existing clients of ThinkMarkets can create a ThinkCopy account from within ThinkPortal by selecting Create Live Account from the Quick Actions section.
2. Download the ThinkCopy app from the Apple App store or Google Play store:
- iOS - https://apps.apple.com/us/app/thinkcopy/id1663454570
- Andriod - https://play.google.com/store/apps/details?id=com.thinkmarkets.thinkcopy
3. Login to the ThinkCopy app with your ThinkPortal login credentials.
Within the ThinkCopy app, select the Account option in the bottom right, then Link an account -
4. Connect your ThinkCopy trading account using your trading account number and the associated trading account password. As a Signal Provider you will be required to make an initial deposit of at least $500 and you may be requested to provide at least 6 months of trading history before being approved as a Signal Provider.
5. Select to Provide Signals and click on the account number that will be used to provide signals -
6. To set and charge copiers a monthly performance fee, from the Account option within the ThinkCopy app, select Set fee.
7. Add a number for the percentage performance fee you will charge copiers e.g. 25 for 25%, then Agree and Update. Note, the maximum performance fee you can set on ThinkCopy is 50%.
You can now trade on ThinkCopy and invite others to subscribe and start copying your trades!
Benefits of becoming a Signal Provider on ThinkCopy
- Ability to earn ongoing performance fees.
- Top performing Signal Providers are regularly showcased on the Leaderboard, the main page within the ThinkCopy app.
- Access 1000’s of copiers within the network who are seeking to copy successful Signal Providers.
- Share your performance with a wide audience and build your reputation and profile.
- Invite friends from across the globe to copy your trades.
- Operate under the ThinkMarkets brand, a global leader in online trading.
Frequently Asked Questions
- What is a performance fee? A performance fee is a fee charged to a copier that relates to the performance (profitability) of the Signal Provider, for example if a copier copies a Signal Provider that is charging a 30% performance fee - If the copier made $100 they will be charged a $30 performance fee. As a Signal Provider, you will receive the $30 performance fee, less a 10% administration fee.
- How often are performance fees paid? Daily, to your ThinkCopy trading account.
- Is there a high watermark on performance? Yes, all Signal Providers are subject to a high watermark.
- What is the typical performance fee Signal Providers charge? It typically ranges from 20-30%, with some Signal Providers offering no fees, to some that are as high as 50%. It is up to the Signal Provider to select an appropriate fee level, the maximum that can be set is 50%.
- As a Signal Provider, do I pay any fees for this service? Signal Providers will receive performance fees due to them, less an administration charge of 10%. If no performance fees are due to the Signal Provider, no fees are payable.
- How many ThinkCopy profiles can I open? It is only possible to have one ThinkCopy profile.
- How do I get further support? You can contact our Support Team 24/7 via Live Chat, phone and email.