How to set up an Account as a Copier?
After registration and selection of “Copy Trades” you can set up your account as a copier by opening the Axi Copy Trading app and navigating to the Discover tab.
This tab displays all the Signal Providers you can copy. You can click on any Signal Provider to see their profitability, return history, the markets they trade, and their performance fee.
If you want to copy a Signal Provider, click on the Copy button in their profile.
In case the Signal Provider charges a fee, you will be able to see it in the Performance Fee line.
You will then need to adjust your trade settings. You can choose between Fixed Size, Mirror Master Size, or Proportional by Equity.
Once you’ve picked the right trade size for yourself, finish configuring your settings by choosing between “Round up to minimum trade size” or “Copy existing trades”. Please note this step is optional.
- Copy existing trades means you can either start copying the Signal Provider’s existing trades at the current given price and not at the price the Signal Provider opened them initially or start copying from the future trade they place. This ensures any open trades will be copied.
- Round up to minimum trade size means that trades will be executed regardless of the calculated copy size falling below the minimum trade size requirement. If you select this option, this ensures no trades are missed.
By understanding the fundamental differences between these options, you can decide which of the two will better help you achieve your Copy Trading goals.
Please note that you can click on both “Round up to minimum trade size” & “Copy existing trades”.
Once you’ve chosen the right trading conditions for yourself, click on “Agree and Copy”.
This will take you to an authorization page to confirm that you have read, understood, and agree to the Social Trading Authorisation and Subscription Terms (“STAST”).
If you agree with all, click “OK” to continue.
When the pop-up confirmation appears, click on “Max Drawdown”, which will allow you to manage your risk settings.
IMPORTANT: Drawdown is set to your equity level NOT your balance. Max drawdowns will track your growth in your equity, i.e. if your equity increases the % levels set will be in line with the increased equity value.
Click on “Update” to apply these levels, and you’re all set. This means that the next time your Signal Provider makes a trade, you’ll be copying them.