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Are followersâ trading accounts allowed to self-trade?Yes, a follower's trading account is allowed to be used for self-trade. However, we strongly recommend you to open a new MT4/MT5 account for self-trade.
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How is the performance fee calculated?Note that we only allow âper tradeâ interval for performance fee. It is calculated based on the positive profit of the trading results. Itâs quite simple. FORMULA Performance Fee = Subscriptionâs Trading Result x Fee %
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How long is the interval for performance fees to be distributed?The performance fees will be distributed 30 seconds after closing the positive trades.
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How to become a Follower?To become a follower; Log in to MFM Securities vault https://vault.mfmsecurities.com From the Traderâs Menu, go to Social Trading and click on Ratings. Choose your preferred provider. Go to your providerâs offer, then click the invest button to start following the provider. Fill in the required information and a followerâs trading account will be auto created. In the follower's page, set your preferred strategy (or choose default) mode to copy trade and click the activate button.
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How to become a Provider?To become a provider; Log in to MFM Securities vault https://vault.mfmsecurities.com. From the Trader's Menu, find the Social Trading section. Click on the âBecome Providerâ tab. Fill in the required information and the provider's trading account will be auto created. Account visibility will be set to Public by default. In the provider's page, click the âcreate offerâ button and create your subscription conditions.
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I already became a follower, why is the providerâs deal not copied to my account?Your subscription may not be applied due to one of the following; Activation button is not enabled Your strategy mode skipped the deals (unsuitable lot) Insufficient balance
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What is MFM Securities CopyTrade?MFM Securities copyTrade is an innovative service that enables copying or imitating the trade made by proven profitable and consistent traders around the world.
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What is the difference between follower and provider?The term âFollowerâ refers to who copytrade a Provider. The term âProviderâ refers to an authorized trader who can be autocopied by a follower.
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What kind of strategy can a follower set up?In Subscription Strategy, it is possible to alter the copied volume via the volume scaling options. It is up to the Follower how to manage the risks related to it. There are four scaling types: AUTOSCALE:Volume of copies are scaled proportionally to the ratio of the sizes of Providerâs and Followerâs trading accounts. CALCULATION FORMULA Copied volume = (Compared value_Follower/Compared value_Provider)*risk ratio where compared value can be either balance or equity.
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What type of account that MFM Securities offer for CopyTrade?The type of account that eligible for copyTrade Provider and Follower is; *There is no maximum deposit in CopyTrade investment.
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Where can i download the instructions to become a follower?Please download the attachment below for the instructions to become a follower. how-to-become-follower.pdf
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Why couldn't I find my nickname in the ranking lists?There is a criteria to make your nickname appear in MFM Securities ranking lists; The provider should be active. The provider setting must be Public. The provider must have trading history (at least one trading activity). *If all requirements are met, a provider nickname will appear in Rating ONE hour after registration.
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Will Introducing Brokers receive affiliate from the followers and providers?Yes. Commissions will be paid as usual to IB wallets.