Forex and CFD technology solutions provider Spotware Systems has just announced that it has released a new copy trading service, cTrader Copy, which replaces cMirror, and now functions as a flexible investment program and a fully integrated feature of its flagship trading platform, cTrader. The cTrader Copy has taken the best of its predecessor, while improving the copying model and incorporating a number of new features and tools.
Panagiotis Charalampous, Spotware
Our goal was to develop a product that is much simpler and more automated, yet provides effective technology for trading and visible analytics. We also worked on the copying model which is now based on the equity to equity ratio, and a new fees structure to make it more favorable to both Strategy Providers and Investors. We believe the flexibility of the solution and its revamped model will have a great success among any type of traders.”, commented Panagiotis Charalampous, Head of Community Management at Spotware.
The new cTrader Copy increased transparency and automation to simplify the trading process, and allow Investors to be more in control of their funds and take wiser trading decisions. The system now recalculates and adjusts the copied volume according to the Strategy Provider’s and Investor’s Equity, taking into account any allocated amount changes due to the deposits and withdrawals of both parties.
Also, every followed strategy is now placed in Separate Copy Trading Accounts, which also allowed Investors to apply Equity Stop Loss per strategy and increase or decrease funds allocated to a particular strategy. The fees are also now calculated for each copy trading account independently.
The cTrader Copy introduced flexible fees structure and the minimum investment amount setting to fulfill the needs and trading goals of any kind of Strategy Provider and Investor. In addition to the existing Volume Based Commissions, it has now Performance fees, allowing Strategy Provider to take a percentage of the Investors’ profit using a High Water Mark, and Management fees, which represent an annual percentage of Investors’ Equity. And the Minimum Investment Amount allows Strategy Providers to have a meaningful return by setting an entry level for the Investors who wish to follow their strategy.
All the data is presented in the newly redesigned dashboard with extended Advanced Analytics per Strategy Profile providing Investors with rich insights on performance and behavior of each strategy. The charts now incorporate the History of Followers, which represents the growth of Investors over time.
There is also a possibility to bookmark Favorite Strategies. In addition, the Strategy Profile can now be shared with an embeddable code to external resources allowing Strategy Providers to showcase their strategy in real time outside of the cTrader platform to attract new Investors.