Copy trade account allows customers who have no time to trade for themselves or are inexperienced, to copy an experienced trader with a proven track record.
Keys to note regarding copy trader accounts:
- No returns are guaranteed and, you might lose all capital invested.
- Track record does not guarantee same results.
- Client will be able to view positions running but cannot modify the positions.
- Client needs to give 5 trading days’ notice in order to be detached to the copy trader account.
- Withdrawals on the copy trader account are done once a month or according to an agreement signed between the client and the Master Account Holder