How to choose a master trader to copy?

The data of the master trader includes earnings and the number of copyists, commissions, trading pairs used by the master trader, profit factor and order direction, and many other factors, which you can check before deciding to copy.

Before the start of copying, you need to set the deposit percentage and select the amount of funds to invest in a specific master trader.

OctaFX does not charge any additional commissions-the only commission you pay is the trader’s commission, which will be specified separately and charged in US dollars per lot based on the transaction volume.

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How to sign up and open OctaFX’s trading account?

Cancel subscriptions at anytime

You can cancel the Master Trader’s subscription at any time and stop copying transactions.

When you cancel the subscription, all the funds invested in the Master Trader and any profits generated by copying will be returned to your wallet.

Before canceling your subscription, please make sure to close all current transactions.

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How copying volume is calculated

The volume of copied transactions depends on the account leverage and equity of the master trader and the copier, and is calculated as follows:

Transaction volume (copy transaction) = equity (replicator) / equity (master trader) x leverage (replicator) / leverage (trader) Master) x trading volume (master trader)

For example: The net value of the master trader’s account is 500 USD, the leverage is 1:200, the net value of the replicator’s account is 200 USD, and the leverage is 1:100.

Open 1 lot trading in the master trader account. The volume of the copy transaction is 200/500 × 100/200 × 1 = 0.2 lots.

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What is the deposit percentage?

A deposit percentage is an option you set before copying to help you control risks.

It can be any percentage from 1% to 100%. After you set this parameter, if your balance falls by the set amount (20%) from the current net value according to the following formula, then the new transaction will not be copied:

Net value (copier) <(100%-deposit Percentage) × balance (replicator)

When copying the master trader, you can modify it.

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With OctaFX, you can choose from MT4, MT5, cTrader trading platforms to invest online.

Go to OctaFX’s Official Website and find out more about features of each trading platform.

How to open OctaFX’s MT4, MT5 or cTrader account?
OctaFX MT4 vs MT5. Which platform should you use to trade Forex?

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Comparison of OctaFX’s trading account types

OctaFX mainly offers MT4 and MT5 trading account types.

See the table below to know the difference between these trading account types

Account Type OctaFX MT5 OctaFX MT4
Spread Type Floating Floating
Minimum Spread 0.6 pips 0.6 pips
Trading Commission None None
Minimum Deposit 100 USD 100 USD
Available Markets 35 currency pairs + gold and silver
+ 3 energies + 10 indices + 30 cryptocurrencies		 35 currency pairs + gold and silver
+ 3 energies + 4 indices + 30 cryptocurrencies
Maximum Leverage 1:500 1:500
Minimum Trading Volume 0.01 lots 0.01 lots
Maximum Trading Volume 500 lots 200 lots
Execution Model Market Execution Market Execution
Execution Speed Less Than 0.1 seconds Less Than 0.1 seconds
Account Currency USD and EUR USD and EUR
Margin Call Level 25% 25%
Stop Out Level 15% 15%
Hedging Strategy Allowed Allowed
Scalping Strategy Allowed Allowed
Use of EAs Allowed Allowed
Swap Points None None
Cryptocurrency Trading Available Available
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