Share Profit Percent
Traders can set Share Profit Percent, Follower who follows the trader will have to share their winning ticket to the trader.
Copy Trade Profit Distribution
- When closing the position, everything is automated.
- At midnight every night, the pnl and all that is calculated.
- If the frozen amount is greater than the profit distribution amount, the additional part is sent back to the follower’s account
- If the frozen profit amount amounts to less than the real profit distribution amount, the trader gets all the anticipated frozen amount
The follower is copying the trader
The Frozen percentage is 10%
The share profit percentage is set to 10%
Two orders were made, when the first order was closed, it had a profit of $100, the margin will be sent back to Follower, 90% of the profit will be returned to the follower; 10% of this profit will get frozen
The second order has a loss of $50, the margin minus the $50 will be returned to the Follower, and nothing needs to be frozen.
Pnl will be done at the end of every day: (order 1 (+$100) + order 2 (-$50)), total profit of the Follower today with the Trader will amount to $50. Assuming that the Trader has set the profit sharing percentage to 10%, the Follower has to pay the Trader ($50 * 10% = $5), $5 of Follower’s frozen amount will be sent to Trader as trading profit and the remaining($10-$5 = $5) will be returned to the Follower.
A total of two orders have been placed. The first order was closed. Its total profit amounts to $100, and as a result the margin will be returned to the Follower, and 90% of this profit will be given to the Follower, 10% of the profit will remain frozen.
The second order has managed to incur a loss of $150The margin, minus $150 will be returned to the follower and no amount needs to be frozen.
Pnl on all close orders will be calculated at the end of every evening (meaning midnight!)
Can I be both a Trader and Follower?
Unfortunately for the opportunists out there, that’s not possible! Everything is determined by your status, meaning that if you have become a Trader, you can’t also be a copier.
You are able to cancel your trading status anytime to become a follower.
As a trader, can I adjust the share profit percentage?
If you want to adjust the profit percentrage please contact our supoort.