Please tell me about copy trading fees.
When using copy trading, a fee (success fee, performance fee) may be charged depending on the performance of the signal provider you copy from.
You can check the fees for each provider by tapping on each provider.
Example: If it says Fee 30%, 30% of the profit will be the fee.
Fees will be deducted from your MT4/5 account the day after the trade (UTC time 0:00)*.
*Closing and withdrawal/payment the following day (UTC 00:00)
Commissions are paid in the base currency of the trader's account. If the base currency differs from that of the provider, conversion will be done at Pelican Trading's rate.
Are there any trading fees at Titan FX when using copy trading?
No, when using copy trading, no fees other than the performance fee imposed by the signal provider are incurred. Trading conditions such as spreads are the same as for regular trading.
Note that if you use copy trading with a Blade account, the regular trading fees for Titan FX Blade accounts will apply.
If I copy a provider with a 0% fee, are there no copy trading fees?
If the performance fee is 0%, the signal provider has not set any fees, so there are no costs for copy trading.
How are copy trading fees calculated?
Copy trading fees (performance fees, success fees) are calculated for each trade, and are charged when the weekly total updates the high water mark*. * High Watermark (HWM) refers to the highest historical valuation of your account. The amount obtained by deducting the week's commission from the High Watermark is used as the new High Watermark for the following week's commission calculation.
Example of Success Fee Calculation (Assuming a signal provider commission rate of 30%)
Initial deposit: 10,000 USD
Week 1: Profit of 5,000 USD from trading. Since the signal provider's commission rate is 30%,
Commission: 5,000 USD x 30% = 1,500 USD
High Watermark: Total Assets - Commission = 15,000 USD - 1,500 USD = 13,500 USD
Week 2: Loss of 2,000 USD from trading. Total assets become 13,000 USD, which is below the High Watermark, so no commission is incurred.
High Watermark: Remains at 13,500 USD as it was not updated.
Week 3: Profit of 7,000 USD from trading. Commissions are incurred when the price exceeds the high water mark.
Commission: (20,000 USD - 13,500 USD) x 30% = 1,950 USD
High Water Mark: Total Assets - Commission = 20,000 USD - 1,950 USD = 18,050 USD
If I close a position myself during copy trading, will a commission be incurred?
Even if you automatically copy a signal provider by pressing the "Copy" button and only manually close the position yourself, that trade will be included in the calculation of the copy trading commission (performance-based commission).
However, trades that you manually place yourself are not included in the calculation of the commission (performance-based commission).
What happens to commissions when copying multiple providers simultaneously?
When automatically copying multiple providers simultaneously, you will pay a copy trading commission (performance-based commission) to each provider. Copy trading from different providers is calculated independently, so even if a loss occurs in a copy from one provider, it will not affect the commission calculation for another provider.
How can I check the fees paid to the provider?
You can check the fees that have already been deducted in the PC version of MT as follows:
・MT4: Terminal → Account History tab
・MT5: Toolbox → Account History tab
Note that in both MT4 and MT5, "PPF" will be displayed in the comments section.
Are there any usage fees for the Titan FX Social app?
The Titan FX Social app itself is free to download, and there are no monthly usage fees for the app.
However, if you use copy trading, the signal provider you copy from may charge a fee (success fee, performance fee) based on performance.
You can check the fees for each provider by tapping on each provider.
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