What is Tifia's Social and Copy Trading? How does it work?

What is Tifia’s Social Trading?

Tifia’s social trading is an innovative service provided by the company. Through such a copy trading system, investors and professional traders can be combined to form a comprehensive social network. With the help of social trading, even if you have no experience in foreign exchange market trading, you can copy the transactions of experienced and profitable traders with one click.

Copy trading is a service to copy another trader’s transaction to your trading account. When you copy a transaction to another trader, the system will perform the same transaction (in the same direction, the same level, and the same position) on your behalf. You can determine the investment amount and copy the fixed amount or copy the total amount of transactions on the trader’s account. You can set the required share for each trader’s transaction, or copy the trader’s transaction according to the investor’s capital ratio.

The transaction information of the trader you copied will be updated and displayed in real-time.

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How to start using Tifia’s Social and Copy trading service?

You can start using social trading services in a few simple steps:

1. Become a Tifia customer;
2. Open a trading account;
3. Go to Tifia’s Official Website and enter your nickname, then start copying successful traders or trade on their own to become a top trader.

The following account types can be used to copy and copy transactions: START, ECN CLASSIC and ECN PRO account. You can see the advantages of each account here.

Social trading services are only available for trading on the MetaTrader 4 platform.

Tifia Social Trading copy and copy trading services are provided to all Tifia customers (traders and investors), and it is completely free. Tifia Markets Limited does not charge any additional fees for the use of this service, and traders have the right to set any commission for profits.

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What is the traders rating?

Trader ratings will display statistical data to help investors choose the most suitable traders. In the trader rating, you can view all the necessary data of each trader:

• The nickname in social trading.
• The type and number of the trading account.
• Trading period-the trading period of social trading.
• Trader’s commission-the percentage of the investor’s profit, which will be credited to the trader’s account from the investor’s account of the copy after the rollover.
• Profit percentage-the value of profitability is calculated by the following formula:
  Profit = ((EquityFinal _1/EquityStart_1) * (EquityFinal _2/EquityStart_2) * … * (EquityFinal _N/EquityStart_N)-1) * 100% , And:
  Profit refers to profitability (return), expressed as a percentage.
  EquityStart_X refers to the funds available at the beginning of period X.
  EquityFinal _X refers to the funds available at the end of period X.
  N is the last reporting period.
• Profitability is calculated in U.S. dollars.
• The balance refers to the amount of funds in the trader’s account (in his account currency).
• Investors are the number of investors copying the trader’s account.
• Investor balance refers to the total amount of funds in the investor’s account.

If you check “Show Account” in “Trader Rating” when creating a trader account, your account will be displayed in “Trader Rating” in real-time. The ranking of the account in the rating will vary depending on your transaction. If the transaction is profitable, the account ranking will increase, and vice versa.

To ensure that your account is shown in the trader rating, please check your account settings. Remember to check “Show” in “Trader Rating”, otherwise the account will not be displayed in the rating.

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How to become a Signal Provider (Trader) of Tifia?

Please use your Tifia account login account (email) and password to log in to the documentary trading platform. Please note that you must set a nickname when logging in to the platform for the first time. Please register a new account Tifia here.

After successfully logging in, please click the “Create Trader Account” button. In the “Copy Trade” service, you can create an account by clicking the “Create Trader Account” button in “Investments”, or set one of your existing Tifia accounts as a trader’s account. To create a trader account, the account must have a positive number in the “Trading Equity” column.

You can set the trader’s commission, describe the transaction type, recommended deposit amount, and set the option of “display account” in “rating” according to your personal wishes and transaction type.

To create a trader account, no deposit is required. The recommended deposit to start trading with social trading services is 100 USD (or the equivalent amount in the currency of your account), and it also depends on the minimum deposit of the selected account type.

If since the last renewal or connection, the total profit of the closed transactions copied by the related investor is positive, the commission will be transferred from the investor’s account to the trader’s account.

The trader’s commission percentage can be changed. However, the changed trading commission percentage will only apply to new investors who start copying your account after the change. All previous investors will copy your account in accordance with the terms and conditions in effect at the time of their association.

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What is Rollover of Tifia’s Social Trading?

Rollover is a procedure that must be followed when the trader and the investor settle each other according to the result of the trader at the end of the trading period. As long as there is a profit at the end of the trading period, the trader will receive a commission (a specific percentage of the investor’s profit). If the trading period is closed due to a loss, there will be no extension, and the extension will not promote the closing of the transaction. Please note that when the available funds in the investor’s account are insufficient, debt may arise during the rollover.

To perform the rollover, please go to the “Trade” tab -> “Account”, click on the trader account number you need to perform the rollover procedure, and then click the “Renew” button on the opened account page. When a trader withdraws funds from his account, it does not facilitate the rollover procedure.

If the investor withdraws funds or is separated from the trader, the rollover process will proceed automatically. In this case, the rollover procedure will be executed on the specific investor account.

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How to quite Tifia’s Social Trading as a trader?

To stop setting your trading account as a trader account, you can remove it from the social trading service. To do this, please click the red button “Delete Trader Account” in the account settings. In this way, all investor accounts will be disconnected. You must perform this transition process before deleting the account. After deleting all investor accounts associated with the trader’s account, the account will automatically be disconnected from the trader’s account. In order to activate trader account settlement using this service, please click “Delete Trader’s Account” in the “Trader Personal Panel” account settings in the “Social Trading” service. After that, the rollover will be executed, and all open trades will be forced to close at the current price. Open trades will be closed at the price applicable when the account was deleted.

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How to copy professionals’ trades through Tifia’s Social Trading service?

Please use your Tifia account login account (email) and password to log in to the documentary trading platform. Please note that you must set a nickname when logging in to the platform for the first time. Please register a new account Tifia here.

After successfully logging in, click “Create Investor Account” to create a new account, or set one of the existing accounts as an investor account.

Choose your favorite trader account, determine the appropriate copy type, and specify the stop loss level of the copy in the currency of your account. You can find more information about copy settings and types here.

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How much do you need to start Tifia’s Social Trading?

The recommended deposit for copying orders on social trading platforms is $100. In order to achieve the highest efficiency when copying a trader’s transaction, it is necessary to estimate the amount of funds in his account, and consider the transaction volume, the number of transactions and the type of trading tools used in the transaction. To calculate the size of the margin, potential risks and profits, and a point asking price of the selected instrument, please use the Trader’s Calculator. You can see traders’ trading strategies in the public domain.

The transaction is copied very quickly, and this process takes 0.5 seconds on average. However, copy trades will be executed at the current market price. In this regard, the execution price of the trader’s and investor’s accounts may be slightly different.

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4 Copy Trading Types of Tifia’s Social Trading

The social trading service provides 4 copy types. When investors connect their account to the trader’s account, they can select the appropriate copy type and set the copy parameters. Investors should carefully choose the type of copy, evaluate the trader’s investment, transaction records and account trading strategies. If the amount in your account is significantly different from the trader’s amount, or you do not have enough experience to evaluate the trading strategy, or simply want to test the selected account, it is recommended that you use the copy type of “copy fixed ratio of investor trading equity” . In this way, you can minimize risks and losses when the trader is unprofitable. For more details, please refer to “Social Trading” -> How does it work?
It is strongly recommended that all investors carefully study the trader’s personal information, the description of the trader’s account, trading strategy and the trader’s rating before choosing the type of copying. In addition, please remember that social trading is a social network for traders and investors. You can ask traders any questions about copying in private information or message feeds at any time.

The investor independently decides the choice of the trader’s account, which trader will copy the order, and the investor shall be fully responsible for the potential risks and capital losses caused by the unprofitable trader’s account.

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How to minimize the risk of losing?

To minimize the potential risks and losses of copy trading, it is recommended that you set the stop loss level of copy for investor accounts. When the funds in your account reach the set limit, copying of new transactions will automatically stop. Trades that have been copied when copying is stopped will be closed at the same time as the trader’s account. Every 120 seconds, the amount on the investor’s account and the value of the copy stop loss level will be compared and verified. Another way to limit risk is to copy orders based on the investor’s capital ratio, or copy a specific percentage of each transaction volume. You can adjust the risk level by specifying a small portion of the volume of copying and copying, or without using all funds for copying and copying. Remember, under these settings, potential profits will also fall in a similar proportion.

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How to withdraw funds from Tifia’s Social trading account?

After the investor submits the withdrawal application, the extension procedure will be automatically executed. In the process of withdrawing funds, the trader’s commission will be deducted from the withdrawable funds in advance (withdrawable funds = investor’s funds – margin – trader’s commission).

If there are not enough funds in the investor’s account during the transition period to receive the dealer’s commission, these funds will be partially offset, that is, the amount of non-margin deposits will be offset and the debt will increase. If any investor has debt in their account, you will not be able to open a new investor account and withdraw funds from other accounts until the debt is repaid. On all investor accounts, the suspension mode will be activated. You can see information about the debt on the investor’s account on the client panel. You can use the regular payment system to make deposits or make internal transfers through your Tifia account to repay debts. Please note that if you want to resume copying, you must repay all debts on your account.

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What is the suspension mode in copy trading?

The suspension mode is to temporarily stop copying and copying transactions, and enable the suspension mode under the following conditions:

• initiated by the trader; initiated by the investor;
• when the copy copy stop loss level is reached, the suspension mode will be automatically activated;
• when the investor appears In case of debt, the suspension mode will be automatically activated.

The suspension mode can be initiated by traders and investors. The suspension mode is provided only to suspend the copying of all new transactions. Trades opened before the suspension mode is activated will be closed simultaneously with the trades on the trader’s account. The initiation of the suspension does not mean that the transaction on the investor’s account is closed at the current market price, and it will never minimize the risk and loss of the opened transaction.

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Difference of Leverage between Investors and Traders

Regarding this issue, there are no regulations on the copy trading platform. However, when connecting to the selected trader’s account, it is recommended that you pay attention to the currency and leverage of the account. The differences between these parameters may lead to similarities and differences in account margin conditions. In this regard, we would recommend opening an account similar to a trader’s account, or registering a new trading account. You can check the leverage and the currency used by the account on the page of the selected account.

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Difference in orders between Investors and Traders

If the trader you copy opened a trade but did not open a position on your account, this situation may occur in the following situations:

1. The investor’s account is insufficient;
2. The trader’s account has enabled the suspension mode;
3. The investor’s account has enabled the suspension mode;
4. Due to debt The service is unavailable;
5. The copy stop loss level has been reached; 6. The transaction volume of copy copying is lower than the minimum transaction volume set for the selected account type.

If the trader you copy the order did not close the trade, but the trade on your account was closed, the situation may have occurred:

1. After changing the account settings, the transaction may be closed. When you change the copy type of investor account, all open trades will be automatically closed. In addition, please note that changing the “Copy Copy Stop Loss Level” will not affect open trades in any way.
2. If you use a copying type other than “proportionally copied to investor funds”, even if these transactions are not in the trader’s account, the transaction will be closed with “stop-loss exit”.
3. If the copy type is “Proportionally copied to investors’ funds”.
4. Please make sure that you have not changed the trade copied from the trader’s account, placed no pending orders or opened your own trades. Regardless of the trader’s account, as long as you intervene in the trader’s transaction, it may cause your account margin level to change, resulting in a stop-loss exit.

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The “proportional copy to investor’s funds” copy type

You must understand that when you start copying an order, only when the trader has no open trades, can you copy the order in an accurate proportion. Otherwise, even if the trader’s margin level is sufficient to maintain the level of the position, the number of copied trades cannot be calculated correctly, which may cause an increase in the margin or cause a stop loss in the investor’s account. It is strongly recommended that investors who choose this type of copy copying should contact their traders to determine the time to start copy copying. It is recommended that traders use the copy trading news source to inform subscribers of the best copy start time and new deposits in the trader’s account. This will enable investors to adjust their accounts in a timely manner. Therefore, under the copy type of “proportionally allocated funds to investors”, we can analyze the reasons for the early termination of the transaction as follows:

• the difference between the opening or closing price on the trader’s and investor’s accounts. Although the server will copy the transaction within a few seconds, the price can still be changed.
• Before the investor establishes contact with the trader, the trader has open trades in his account, which leads to disproportionate changes in the funds of the investor and the trader.
• Investors copy independent transactions on the copy trading account, and cannot correctly calculate the equity ratio when copying copy transactions.
• The allocation of funds to the trader’s account without considering the investor’s account results in a distortion of the ratio of account funds.

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