FAQ

The Company doesn’t charge any additional commission for using CopyFX.

You can choose any trading account for operating in the CopyFX system. Please note that copying transactions (setting conditions and subscribing to Traders) through R StocksTrader accounts is available only in the mobile application and in the mobile version of the platform.

"Rating" section displays all information necessary for Investors, which may help them to make a reasonable choice of the Trader to subscribe to.

Rating displays the following statistical data of each Trader*:

• Yield/Profit: in percent, pips, and USD

  The basic formula how to calculate yield can be found in "Ratings" section of our website. The Yield in pips for one transaction is calculated on the basis of the yield in pips for EURUSD transaction of 1 lot, which produces the same profit in USD as the original transaction.

  Profit calculation formula:

  <Yield> = <Profit from original transaction in USD> / <Price of 1 pip of EURUSD> (10 USD).

• Maximum drawdown.

  Maximum drawdown of Equity on Trader’s account against this account balance in percent.

  Calculation formula:

  -((balance - equity) / balance) * 100%

• Period of trading.

  Number of days passed since the Trader’s registration in CopyFX (excluding weekends: Saturdays and Sundays).

• Balance.

  Trader’s account balance (in currency of their account).

• Number of transactions.

  The number of the Trader’s open and closed transactions since they registered.

• Investors.

  The number of Investors currently subscribed to the Trader and the total balance of their accounts.

* - At the moment, only the Traders with MT4 accounts appear in the Rating on CopyFX website.

Thanks to CopyFX cross-copying service, a Trader’s and an Investor’s accounts might be of different types, but the system has several other limitations and restrictions. To check if you can subscribe to a Trader with a particular account type, see the table of subscription conditions on "Cross-copying" page of our website.

Trading on CopyFX accounts is available in MetaTrader 4 and MetaTrader 5 platforms, and also in the R StocksTrader mobile application and in the mobile version of the platform.

The main parameter, which indicates how successful Trader is, is "Yield". In CopyFX system, "Yield" is calculated according to the following formula:

Y = ( (Equity_end_1 / Equity_begin_1) * (Equity_end_2 / Equity_begin_2) * ... * (Equity_end_N / Equity_begin_N) - 1) * 100%

where:
Y – yield (profit) in %.
Equity_begin_X – equity at the start of X period.
Equity_end_X – equity at the end of X period X.
N – the latest of the periods, taken into account for calculations.

The periods are divided by balance operations. The formula calculates the yield in % since the moment of account opening or the moment of total loss of funds (when the Equity is less or equal zero). Please note, that withdrawal of all funds from the account (Equity is zero) is not considered as the total loss of funds.

To subscribe to a Trader or to customize subscription conditions, you have to have at least 100 USD on your account (or equivalent in the account currency).

Investor’s transaction is executed at the same time as Trader’s one.

All account except the ones listed below are automatically included into CopyFX Rating:

• Accounts with the balance less than 50% of the limits specified by the system required for setting the subscription conditions.
• Accounts with “By request” subscription mode without “Show in the Rating” option enabled.
• Accounts, where the basic subscription conditions are not specified.
• Accounts with the yield of —90% or less for 10 consecutive days.