PFX COPYTRADING TERMS AND CONDITIONS
PFX Copytrading (hereinafter Service) is a service that allows traders (hereinafter copiers) to copy trades from other traders (hereinafter master) and can be activated by selecting start Copying.
1. The copier undertakes to do the following in order to apply for the service.
- 1.1. be registered and logged in as a customer on the PFX Copytrading website.
- 1.2. add funds to wallet.
- 1.3. Start copying.
2. The copier is authorized to;
- 2.1. copy as many masters as you want (the copy pane lists all current subscriptions)
- 2.2. Close any copied trade manually at any time in the copy section
- 2.3. log out of the Master and cancel the copying or pause the copying of the Masters trades by clicking Cancel/Pause Copying. When canceling, the copier will stop copying the master, but if want to copy again in the function, the copier will have to pay a new subscription fee as set by the master, but if you click pause, the copier will pause from the copier, it be because it will be switched on until the subscription expires
- 2.4. Specify the size of the copy portion for each individual master. This option is explained in detail in subsection 3.3. of these General Terms and Conditions3. The service is available on the Metatrader 5 platform and Metatrader 4 will be added soon
3. Routine for opening copied trades:
- 3.1. The copier only copies the deals opened by the Master after the Master's subscription within the Service.
- 3.2. Stop Loss/Take Profit orders will not be visible in the copier area, but visible on the copy terminal app, when these orders are triggered on the Masters account, the copied trades will also be closed.
- 3.3. The copier can copy the Masters orders by selecting the risk type which includes risk multiplier by balance, risk multiplier by equity, lot multiplier and fixed lot. The copy mode, as well as the minimum trading balance required to start, are set by the master.
- 3.4. It is recommended to set the copier leverage ratio to 1:500 and 1:1000 depending on which broker the copier uses
- 3.5. Once the service is activated, the trades will be copied to the copier's account regardless of whether the account owner is logged in or not.
- 3.6. The copier's order is executed according to the order (buy or sell) made in the Masters account. When the master places an order, the signal to open an order is triggered in the copier's account. The copier order is executed at the market price. The same mechanism triggers the closing of the order. Therefore, the execution prices of these orders may differ. In addition, the number of copiers following this master can affect the execution time.
4. Limits applied:
- 4.1. The minimum volume of the copied trade is 0.01 lot depending on the market/instrument and broker, the maximum volume of a copied trade is 50 lots (decimal). For example, if the copier copies an order for 0.324 lots, the order will be rounded up to 0.33 lots.
- 4.2. If the copied trade volume after calculation is more than 50 lots, the trade will not be opened on the copier account.
5. If the master changes equity (through a deposit or withdrawal) or leverage, all copied trades will keep their original volume in the copier's account.
6. All trading conditions (leverages, swaps, spreads) of the copiers may vary depending on the broker master and copier used
7. The main account should be any MT5 type broker until mt4 is added.
8. The Service is authorized to do the following:
- 8.1. limit the number of Master Accounts that the Masters may create at any time without prior notice in their sole discretion
- 8.2. terminate the copier from the master without prior notice.
- 8.3. reduce the commission set by the Master Trader and cap its maximum value for all her or his Master Accounts without prior notice or explanation.
- 8.4. amend these Terms and Conditions at any time without notice to the copier or master trader. Such changes will be effective once posted on the Service Website in these Terms and Conditions.
- 8.5. monitor the Master Trader's activity on the platform, flag the Master Trader's account with the "Suspicious activity" alert when the Master Trader manipulates its statistics, and exclude this account from the default filtered Master Review (it remains for the Copiers available who will change their filter settings accordingly).
- 8.6 change or delete the Master's nickname and (or) avatar without prior notice if the Service has reasonable grounds to suspect that this Master is intentionally copying or imitating the nickname and (or) picture of another Master, which may result in a dishonest representation of the Master .
9. The master sets the subscription amount for copy jobs. The subscription fee can range from $5 to $20 per month per copier account. Subscription fees accumulated after 30 days are rolled over to wallet balance every 30 days per subscription.
10. The subscription amount that the copier pays to the master is set the moment the copier presses Start Copying. If the Master changes the subscription amount, this will not affect the amount due to the Master under that subscription.
11. Commission amounts for the affiliate. The master can also be an affiliate for the copier. In this case, they will get both the affiliate commission and subscription to copy.
12. The Copytrading Bonus Share
- 12.1. The Master Purchase Fees are split 70/30 between the Master and the Company and are subject to change at any time without prior notice to the Master.
- 12.2. The affiliates are entitled to 1% of each copier's subscription fee and can be changed at any time without prior notification to the affiliate
- 12.3. The Affiliate is entitled to 0.1% of all Subscription Fees earned by a Master Trader
- 12.4. Each bonus will remain in the book balance for a period of 30 days before being moved to the wallet balance.
13. The copier trade statistics can only be viewed by the copier.
14. The Masters trading statistics are publicly available.
15. The copiers have access to the trading terminal and can choose to conduct their personal trades at their own risk
16. If the Service has reasonable suspicion that the copier has violated the deposit and withdrawal rules set out in the Customer Agreement or the laws of the copier's country of residence, the Service has the right to suspend the provision of the Services to that copier.
17 Please note that the master can make both profitable and losing trades.