Boost your trading potential with XM’s innovative Copy Trading platform!
Start Copy Trading with XM. Table of Contents
XM’s Copy Trading service offers a platform for strategy managers and followers to engage in mutual financial benefits. Strategy managers can establish strategy accounts to display and manage their trading methods, with features like multiple leverage options, a minimum balance requirement, and the capacity to handle up to 10 strategies. Followers, to participate, must open an investor account which mirrors the conditions of a standard trading account. The service’s compensation model is designed around the High Water Mark Value, ensuring that managers are rewarded for generating new profits beyond previous benchmarks. This service simplifies trading processes and aims to increase potential profitability through strategic partnerships.
Maximize Your Trading Efficiency with XM’s New Copy Trading Service
| Feature | Details |
|---|---|
| Strategy Account | Options for leverage, manage up to 10 strategies, minimum balance of $100. |
| Follower Account | Conditions mirror standard trading accounts; must be unique per trader. |
| Compensation Model | Based on High Water Mark Value to ensure managers are rewarded for profitable strategies. |
| Platforms Supported | MT4 and MT5, catering to diverse trading preferences. |
| Strategy Management | Managers can set detailed strategy descriptions and success fees. |
Introduction to XM’s Copy Trading Service
XM has introduced a Copy Trading service that facilitates a symbiotic relationship between strategy managers and followers. Strategy managers are given the tools to create specialized accounts where they can showcase and manage their trading strategies. Followers, on the other hand, can open investor accounts to easily copy the strategies that align with their financial goals and risk tolerance.
Strategy Account Features
- Account Type
- Standard Account
- Trading Platforms
- Choice of MT4 or MT5
- Leverage Options
- Ranging from 300:1 to 500:1, with a specific 20:1 leverage for cryptocurrency CFDs.
- Minimum Balance Requirement
- A total balance of at least $100 is required.
- Strategy Visibility
- Strategies may be set to private if the effective margin (balance + bonuses) drops below $50.
- Maximum Active Strategies
- Up to 10 strategies can be held simultaneously.
Note: Leverage for cryptocurrency CFDs is 20:1.
Crafting and Managing Strategies
- Strategy Name
- Can be multilingual, accommodating global users.
- Description
- A concise and appealing description to attract followers.
- Success Fee
- Receivable through the XMTD Wallet or directly into the strategy account, with rates adjustable from 0% to 50%.
- Minimum Investment
- Defined by the manager, this is the least amount followers can invest to start copying a strategy.
- Strategy Type
- Discretionary, EA (Expert Advisor), or a combination of both.
- Account History Import
- Optional feature allowing the import of trading history from existing accounts to the manager’s account.
Follower’s Investment Account
- Spread
- Identical to the standard account.
- Account Currency
- USD
- Minimum Trade Size
- Varies by asset, starting from 0.001 lots for FX and gold.
- Leverage
- Fixed at 500:1 for all offerings except stocks derivatives.
- Platform Type
- Exclusively MT5.
Rewarding Success: The Compensation Model
XM’s Copy Trading rewards are calculated based on the High Water Mark Value (HWM), ensuring that managers are compensated for new profits exceeding previous benchmarks. This system motivates managers to consistently aim for higher profitability, aligning their interests with their followers:
| Day | Investor Profit | HWM | Success Fee |
|---|---|---|---|
| 1 | $50 | New HWM Formed | $10 (20%) |
| 2 | $35 | Below HWM | No Fee |
| 3 | $55 | Above HWM | New HWM Formed |
| 4 | $50 | Meets HWM | No Fee |
| 5 | $75 | Above HWM | $4 (20%) |
XM’s Copy Trading service offers a structured yet flexible platform for traders to either manage their strategies or invest by copying established ones. This service not only simplifies the trading process but also expands the potential for profitability through a strategic partnership between all parties involved. Whether you are an experienced trader or a newcomer to the financial markets, XM’s Copy Trading service offers a robust toolset for enhancing your trading strategy and potentially increasing your financial returns.
FAQs
- What is XM’s Copy Trading service?
- XM’s Copy Trading service allows strategy managers to create accounts to display and manage their trading strategies which followers can copy.
- What are the key features of a strategy account?
- Strategy accounts offer a variety of leverage options, require a minimum balance of $100, and allow up to 10 active strategies.
- How does the compensation model work?
- Compensation is based on the High Water Mark Value, ensuring managers earn fees only on new profits that surpass previous highs.
- What requirements must followers meet?
- Followers need to open an investor account that mimics standard account conditions and can participate in strategy copying.
- Can strategy managers influence their compensation?
- Yes, by optimizing their trading strategies to consistently achieve new profit highs, thereby increasing their success fees.
- What platforms are supported by XM’s Copy Trading service?
- The service supports both MT4 and MT5 platforms, accommodating a wide range of trading preferences.
- What is the minimum investment required to copy a strategy?
- The minimum investment amount is set by the strategy manager and varies based on the strategy.
- What happens if a strategy’s profit falls below the High Water Mark?
- No success fees are paid out until new profits exceed the previous High Water Mark.
- How can a follower access their investor account?
- Follower accounts are unique to each trader and accessed through the trading account member’s page or social platforms.
- Can strategies be set to private?
- Yes, if the effective margin drops below $50, strategies can be set to private to prevent them from being copied by new followers.
Posted by FXBonus
Please check XM official website or contact the customer support with regard to the latest information and more accurate details.
XM official website is here.
Please click "Introduction of XM", if you want to know the details and the company information of XM.
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