F. A. Q.

My Account

Do I have to be 18 to open a social trading account?


Yes




What documents do I need for the online account opening process?


You will need a valid passport, a copy of a utility (e.g., electricity bill, bank statement) to verify your residential address and a valid cell phone number!




How long will it take me to open the account?


If you have your paperwork at hand, the completion and verification will be done within 5 min.




How do I fund my trading account?


In your membership area you will find all sorts of funding possibilities for your use like credit card, bank transfer and many others.




Can I send my money to you as well?


No, this is not possible. We do not take or trade any money from 3rd parties!




How do you trade my money?


We do not trade your money at all. We only trade our own funds and you will connect to our trades via your Broker Roboforex. We only offer a copy service to subscribed customer accounts.




Is there a minimum term for the trading?


Yes, the minimum trading term is 7 days!




Do you charge any upfront fees for your trading service?


No




How do you earn money with your copy trading service?


We only earn a performance fee from the profit achieved. The performance fee is 35%. Only if you make money, we make money!




Do I receive a daily trading report?


Yes, every day at midnight you will receive a trading report from your Broker Roboforex.




Do I receive a monthly trading report?


Yes, you will receive a monthly trading report as well.




Can I invest more than €/$ 100?


At the moment there are no bigger social copy trading accounts available. We are working on it. However, you can open multiple €/$ 100 accounts. There is no limit!




Can I change the risk/reward ratio of your performance?


Yes, you can do so in your member´s area and e.g. double the trading lot that we are using, which will also give you twice the performance result. However, we do not recommend to do so as our performance is already very outstanding. More risk could easily destroy your account balance quickly to zero :(




Do you use leverage for your trading?


Yes, we are using a very high leverage for margin reasons




Can I withdraw the USD30 Welcome Bonus?


No, it is Bonus which increases your margin for trading purposes. It can be very helpful, when it comes to drawdowns.




Can I lose my investment trading Forex?


Yes! Forex trading is a high-risk investment and regardless whether your set up is considered low risk, medium risk or high risk, you can lose all of your investment. Therefore, it is important that you only invest funds, which you can afford to lose.
Which drawdown / loss could happen to my account?
Forex trading involves great risk and you should only invest funds, which you can afford to lose regardless of the settings you have chosen. Our experience has shown, that under normal trading conditions you may face a drawdown or loss of the percentage you may expect as a performance. In other words, if you choose a medium risk $100 investment trying to achieve 50% profit p.a., you may face a drawdown/loss of the same, 50%. High risk set ups going for 200-300% profit p.a. always face the risk of a total loss from day one. No minimum drawdown can be guaranteed during extreme trading conditions and even a medium risk set up can turn into a complete loss under such conditions.




Do you also offer a high-risk version of the €/$ 1000 set up?


No, at the moment we do not offer such a set up. One of the reasons is that our current performance is already very outstanding, hunting for 60 % profit per year. Secondly, we consider an amount of €/$1.000 not as play money as one can consider €/$ 100 depending on your economic situation. However, if you still want a higher risk/reward ratio you can do this in your members area by increasing our current lot size by factor 2 or 3. It may still work out fine, but please be warned, it is a lot more risk and we do not recommend it.





General Quesitons

Can I lose my money trading the Forex market?


Yes! Forex trading is a high-risk investment and regardless whether your set up is considered low risk, medium risk or high risk, you can lose all of your investment. Therefore, it is important that you only invest funds, which you can afford to lose.
Which drawdown / loss could happen to my account?
Forex trading involves great risk and you should only invest funds, which you can afford to lose regardless of the settings you have chosen. Our experience has shown, that under normal trading conditions you may face a drawdown or loss of the percentage you may expect as a performance. In other words, if you choose a medium risk $100 investment trying to achieve 50% profit p.a., you may face a drawdown/loss of the same, 50%. High risk set ups going for 200-300% profit p.a. always face the risk of a total loss from day one. No minimum drawdown can be guaranteed during extreme trading conditions and even a medium risk set up can turn into a complete loss under such conditions.




Is your Forex performance guaranteed?


No, there is no guarantee for performance. Past results are not indicative for future performance.




Are you trading a longterm Forex strategy?


No, our trading strategy is short termed. We are into high speed trading and you can expect a few hundred trades per month, all executed with a 2ms ping speed!




Can I contact you over the weekend?


Yes, we are 24/7 available for your questions. Please note that we cannot help with your account questions as this is out of our possibilities. Your account is with your Broker Roboforex. They also offer an excellent 24/7 for their customers.





Affiliates

How do I become an affiliate?


First you must become a subscriber of our social trading service. After that you will find an affiliate button in your members area. Click on it and follow the simple steps. Done!




How much commission will I get?


We will pay you 15% from our earned performance fee. If we earn $100, you will get $15!




How does the accounting for the commission work?


All calculation and accounting will be done automatically by your Broker Roboforex.




When will I get paid?


We have arranged an outstanding deal for you. You will get paid on a weekly basis, every Saturday!




Where will Roboforex send my commission to?


You will receive your commission to your personal trading account in your members area!




Do I have to pay tax on my Forex trading profits and on my commission?


Yes, depending on your country you will have to pay taxes. Please check with your personal accountant.




I can not find you in the CopyFx Tradders list of Roboforex. Why?


Double your cash is not for the general public, but a hidden gem. Only people with an invitation link can join us!