FxPro SuperTrader is where “Professional & Profitable Traders” and “Investors looking to earn profits” meet.
It is simply another “Social Trade” infrastructure provided by one of the largest broker in the world, FxPro.
On this SuperTrader platform, there are three types of figures involved.
1. FxPro offers the infrastructure and liquidity
2. Professional Traders offer their profitable strategies
3. Investors(or novice traders) copy these”Profitable Signals”
FxPro also ensures that only traders who have passed FxPro’s extremely thorough due diligence, can offer signals on “Super Trader” platform.
This means that some traders with low profit rate or without finely organized risk-management cannot be listed as a signal provider.
Main Trading conditions
FxPro SuperTrader has got different trading conditions than the normal FxPro trading accounts.
With FxPro SuperTrader, you account’s base currency can only be in USD, and the required minimum deposit amount is 2,000 USD. There is no leverage applicable, but “Multiplier” is available up to 4.
This “Multiplier” will simply multiply your account balance. If you like to replace it to “leverage” concept, it is 1:4.
The margin call % is when your equity (excluding Credit amount) drops to 6% of the credit amount, and when your equity (excluding Credit amount) drops to 3% of the credit amount, your account will be stopped out.
There is no fees for using this SuperTrader though, in case you are copying signals from third-party(not in-house) strategies, you will need to pay 5% performance fees. No swaps and no commissions charged by FxPro.
You can deposit and withdraw, change your strategies and other parameters anytime you want.
How to create your own “Portfolio”(How to copy signals)
1. Open SuperTrader account and deposit more than 2,000 USD
Go to FxPro SuperTrader website and sign up. Required minimum deposit amount is 2,000 USD.
Remember that bigger the deposit amount, more the portfolio can be diversified and stable.
2. Select a strategy that you wish to copy
FxPro has prepared only sophisticated professional traders for you. You can compare DD%(Drawdown), strategies and past performance etc.
You can choose several signals to diversified your portfolio.
3. Set up the parameters
You need to decide “how much to allocate to it”, “whether to use the Ratio Multiplier” and “Strategy Max Loss % (1-30%)”.
4. Set up more parameters
You have got two more parameters to set. Now set your Trailing Stop (Equity) % (1-50%) and your Profit Trigger Point (0-100%).
When all parameters are set, click to save the settings. Then your account will start copying signals to earn continuous profits.