Services
You can either let the traders manage funds of your Forex Account by use of our Multi-Account Management (MAM)/Multiterminal or subscribe to Forex Copy Trading service. The trades which are placed into your account are exactly the same irrespective of what service you use. The difference lies in the technical mechanism and the consequential risk management, which makes the Account Fund Management a better option.
Account/Fund Management
To allow a trader/traders to trade on your behalf, you will have to join the forex account management program. Here are the steps:
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Open an account in the broker of your chosen traders. The broker of MAM follower should be the same as that of the chosen traders.
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Provide us with your MetaTrader login details or/and sign a Limited Power of Attorney (LPOA) with the trader to allow the setup of your account on the MAM or Multiterminal of the trader(s).
The monthly fee for account balances of $5000 or more is 30%, and the same for accounts with less than $5000 is 35%. The Minimum acceptable account balance is $1000.​
Trade copying or Copy trading
You can take advantage of trading expertise of the traders even by copying their trades to your account if you don't want to open a new account or change your broker. Here are the steps to start copying trades:
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Make sure all the instrument that they trade are available in your broker.
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Make sure that the trading cost in your broker is reasonable.
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Make sure that the execution of your broker is fast enough.
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Provide us Metatrader login details, and we will setup your account on our web based pre-configured copy trading system with your chosen trader.
The subscription fee for this service is $85 per month per thousand. For example, if you have an account of $2000, you have to pay $170 to copy our trades for one month (a 31 day period from your subscription date) irrespective of profit or loss you will make. You can contact us to discuss more about the fee before you subscribe.
Our partner brokers:
ActivTrades is headquartered in London, UK. It's a gigantic broker running since 2001. It is regulated in LUXEMBOURG, ITALY, BAHAMAS, BULGARIA, PORTUGAL, BRASIL/BRAZIL besides the UK. It's audited by PWC. With regulation of 7 top-notch countries, this broker currently server clients in 170+ countries. Here are the highlights:
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Trading cost:
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ActivTrades provides Swap Free Accounts to all Islamic clients without charging any other fee to cover the swap. Despite paying/earning swaps, even non-Islamic clients save a lot because its spreads are too tiny to be compared with any other genuine brokers.
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There are no confusing account types. There is only one type of live account, and there is no commission on any account, and here are the spreads .
1. Major pairs : 0.5 - 1.2 pips
2. EUR/GBP (most traded major cross): 0.8 - 1.3 pips,
3. Other cross currency pairs: from 1.4 pips.
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FxPrimus is headquartered in Cyprus, Europe. It has expanded to many countries, including South Africa and Vanuatu. Besides, it has many satellite offices worldwide like Philippines and Malaysia. With services in 140 countries and many local satellite offices, it has become one of the most widespread brokers. Since it is tightly regulated, it's audited externally besides internal audit. Clients' funds are segregated from company's fund. Here are the highlights about the broker:
Trading cost:
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Most of our traders hold positions for more than a day as their trading style is more often swing trading, so the swap plays a great role in the trading cost. We suggest Classic account type on MT4 because Fxprimus can make it unconditionally swap free without any commission/admin fee or spread markup. Hence, swap free classic account in Fxprimus is one of the best choices.
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Spreads in the classic account type (no commission):
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Major pairs (EUR/USD, USD/CHF) : 1.1 - 1.9 pips,​
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Other major pairs: 1.3 - 1.9 pips,
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EUR/GBP (most traded major cross): 1.2 - 1.6 pips,
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Other cross currency pairs: from 1.4 - 2.0 pips.
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Besides this, the broker has commission based account types wherein spreads starts from 0.0 pips.
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Other account types don't have copy trading or/and and MT5. So, classic is still the best choice for investors who want to use all features and facilities.
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With added commission and fluctuating spreads, the trading cost of pro or other commission based accounts becomes similar to that of classic accounts.
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All accounts -- which are available on both of MT4 an MT5 -- are actually the same in execution speed and execution type. Brokers just decrease spreads and add commission to create a different account type.
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The account type which cannot be availed on both platform, may have a little slow execution, so it may cost you more than what it seems to cost by spread or/and commission.
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Please note that unregulated brokers or the brokers registered in an island without any mainland parent company, may offer you trading at zero or negligible cost (0.0 or extremely tight spreads or/and extremely small commission) because they are market makers. They don't rely on spreads or commission for revenue, they earn from your losses.
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Please note that FxPrimus is an ECN/STP broker, so it doesn't make money from your losses.
Tickmill is headquartered in London, the UK. It has expanded globally by establishing subsidiaries in the UAE, Europe, South Africa, Seychelles, South East Asia, etc. With global presence and local services in many countries, it is serving 200+ countries and has become one of the most popular broker. Being headquartered in the UK, all companies in this group are obviously audited, and segregate clients' funds. Here are the highlights about the broker:
Trading cost:
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We prefer Classic account type because it has very tight spreads and no commission. Our Multiterminal/MAM are setup on Classic Account type, so it is a requirement for A/c Management. The broker provides Swap Free Accounts in Classic Account type to all Islamic clients without charging any other fee to cover the swap.
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Spreads in the Classic account type (no commissions):
1. Major pairs (EUR/USD, USD/CHF) : 1.6 - 2.0 pips
2. Other major pairs: 1.7 - 2.3 pips,
3. EUR/GBP (most traded major cross): 1.9 - 2.2 pips,
4. Other cross currency pairs: from 2.1 pips.
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​Besides this, the broker has commission based account types wherein spreads starts from 0.0 pips.
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With added commission and fluctuating spreads, the trading cost of pro or other commission based accounts becomes almost similar to that of classic accounts.
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All account types are actually the same in execution speed and execution type. Brokers just decrease spreads and add commission to create a different account type.
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Please note that unregulated brokers or the brokers registered in an island without any mainland parent company, may offer you trading at zero or negligible cost (0.0 or extremely tight spreads or/and extremely small commission) because they are market makers. They don't rely on spreads or commission for revenue, they earn from your losses.
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Please note that Tickmill is an ECN/STP broker, so it doesn't make money from your losses.
With a presence of group of companies in the UK, Cyprus, EU, Armenia, the UAE, Kenya, Jordan, etc.; Equiti has become one of the safest brand in Forex market. The companies under this brand name are not just brokers, its UK based company is a liquidity provider itself. Having emerged as multinational well capitalized brand, Equiti has been following all measures to ensure clients' fund safety, such as segregation of clients' funds, etc. Besides all these, there is a Equiti metro station in Dubai, which not only glamorizes its brand but also shoes its capitalization.
Trading cost:
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Most of our traders hold positions for more than a day, so the swap plays a great role in the trading cost. We suggest our investors Standard account type because Equiti can make it swap free for all clients for 0.5 pips markup. However, if you don't like idea of marking up 0.5 pips, we accept regular standard accounts too for a/c management.
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If you also often hold trades for more than a day, it's a good idea to pay 0.5 pips once and avoid paying swaps daily which are more than 0.5 pips per day.
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Spreads in the Standard account type (no commissions):
1. Major pairs (EUR/USD, USD/CHF) : 1.4 - 2.7 pips
2. Other major pairs: 1.8 - 2.6 pips,
3. EUR/GBP (most traded major cross): 2.1 - 2.6 pips,
4. Other cross currency pairs: from 2.9 pips.
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​Besides this, the broker has commission based account types wherein spreads starts from 0.0 pips.
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All account types are actually the same in execution speed and execution type. Brokers just decrease spreads and add commission to create a different account type.
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Please note that unregulated brokers or the brokers registered in an island without any mainland parent company, may offer you trading at zero or negligible cost (0.0 or extremely tight spreads or/and extremely small commission) because they are market makers. They don't rely on spreads or commission for revenue, they earn from your losses.
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Please note that Equiti is an ECN/STP broker, so it doesn't make money from your losses. If a big brand is your priority, it is an excellent choice.
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Vantage Markets is an award-winning, multi-asset broker headquartered in Sydney with over 10 years of market experience. Operating in 172 countries, it has more than 1,000 employees in over 30 offices globally. Besides Australia, it is regulated in the UK, South Africa and Vanuatu.
Trading cost:
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We prefer Standard Account Type because it has very tight spreads and no commission. Our Multiterminal/MAM was setup with Standard Account type, so it is a requirement for A/c Management. The broker provides Swap Free Accounts in Our Standard Account type based MAM to all clients --even if you are non-Islamic-- without charging any other fee to cover the swap.
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Spreads in the Standard account type (no commissions):
1. Major pairs (EUR/USD, USD/CHF) : 1.1 - 2.0 pips
2. Other major pairs: 1.5 - 2.3 pips,
3. EUR/GBP (most traded major cross): 1.2 - 1.5 pips,
4. Other cross currency pairs: from 1.5 pips.
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​Besides this, the broker has commission based account types wherein spreads starts from 0.0 pips.
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With added commission and fluctuating spreads, the trading cost of RAW or other commission based accounts becomes similar to that of standard accounts.
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All account types are actually the same in execution speed and execution type. Brokers just decrease spreads and add commission to create a different account type.
​
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Please note that unregulated brokers or the brokers registered in an island without any mainland parent company, may offer you trading at zero or negligible cost (0.0 or extremely tight spreads or/and extremely small commission) because they are market makers. They don't rely on spreads or commission for revenue, they earn from your losses.
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Please note that Vantage is an ECN/STP broker, so it doesn't make money from your losses.