The ForexCopy system is a service that allows Followers to copy orders of the most successful forex traders in real time mode. Moreover, Traders can also make additional money, receiving commission for sharing their trading activity. Below there are answers to the most common questions about how to use the service and what other features it provides.
What is the ForexCopy system?
Can I, as a ForexCopy follower, choose instruments and the ratio of lots for trades to copy to my account?
When will a ForexCopy trader receive a commission for copying?
Can I, being a ForexCopy follower, cancel a trade copied if I consider it potentially unprofitable?
Is an application for subscription approved automatically or personally by a ForexCopy trader?
How fast are trades copied within the ForexCopy system?
Why is the list of currency pairs to choose from so small?
A ForexCopy trader changed the commission after I had subscribed to his deals. Shall I pay the initially set commission or the new one?
Will the order settings of a follower be changed if a trader modifies the order copied?
If a ForexCopy follower lacks money to pay the commission to a ForexCopy trader, does it mean that a trader will not get it at all?
Can I unsubscribe from the deals of a ForexCopy trader?
Can a ForexCopy trader unsubscribe a ForexCopy follower from his deals?
How a pending order is copied to a ForexCopy follower account?
Are there any requirements regarding the minimum balance the follower is supposed to have on his account before copying trades?