Frequently Ask Question (FAQ)

Copytrade is one of the methods that allow people to be an investor to trade according to the account ‘master trader’ automatically for entry and exit in the market.

Here is the process that you need to follow:

i. Open an account at the same broker we provided copy trade and be an investor. For now, there are still no brokers who offer others broker access to their trading system. Go through all the verification that the broker needs.

ii. Open an account trading that same type with the account ‘master trader’. For example, a standard account or an ECN account.  After that bank in or deposit money to your trading account.

iii. Join copytrade as an ‘investor’ and attach your account with the ‘master trader’ account based on the account number or nickname ‘master trader’ for example ‘AlgoGold’.

As an investor, you don’t need a lot of knowledge about trading, you just need to have basic knowledge about how trading system function.

What is important for you to know is how to decide which copy trade to follow. You also need to know how to make a deposit and when to withdraw money from your account copytrade because you are 100% in full control of your own account. 

But we also encourage you to learn about trading from the knowledge sources we provided. The service we provide is to help people who want to make side income in a quick way, in addition to learning trading itself.

Actually, it depends on your needs and purpose to do this copy trade. You need to know your purpose and the use of the money from the trading.

If you want to grow your money for a certain period, you can choose a type of copy trade that offers a system for investment that allocates long-term profits. And if you want to grow your money at the same time you also want to use the profit, you can choose copy trade which offers a faster profit system in the short term.

Copytrade is provided in the service by the broker. So you need to choose a regulated broker that makes it easier to get deposits and withdrawals of your money later on.

As you know, trading is a risky method of earning money because it is a high-risk high-return investment. If you want to copytrade, the risk rate depends on the system used by the ‘master trader’ that you follow.

For AlgoGold copytrade, we have stated in our portfolios as you can make a choice to choose medium or high-risk type. 

In copy trade, when the ‘master trader’ opens a buy or sell position, your account trading as an investor will follow the position automatically from the system depending on the choice you make.

If the trade is profitable, it means that the ‘master trader’ is profitable and you as an investor are also profitable. And if the opposite happens where the ‘master trader’ suffers a loss, then you also bear the loss.

But, you can separate or detach our account trading from the ‘master trader’ account whenever you want. Just like when you attach to a ‘master trader’ account, you can also detach from the account.

You are in full control of your trading account. 100% untouched by others. Just because you join the copytrade system, then your account follows all the entries of the ‘master trader’ account without you having to bother making an analysis. And the ‘master trader’ is not directly responsible for your trading account.

No!

You just need to bank in or make a deposit to your own trading account. If you are asking about the deposit method, there are many options based on the system offered by the broker.

Copytrade only applies to your account where you have copied the trading transactions of the ‘master trader’. You only need to open your trading account, deposit money and withdrawal matters also on your own. The ‘master trader’ or other people cannot do anything on your account. Only entry buy and sell matters are controlled by the system from the ‘master trader’.

If the selected ‘master trader’ has a good system, then you will be able to profit from the copytrade. And if the ‘master trader’ has a system that is not good, then you will also accept the loss.

Local depositor (LD) is a deposit or withdrawal method provided by the broker. If you cannot make a deposit via online banking or bank card, there is one way to make a deposit or withdrawal transaction using the LD provided by the broker.

You need to make a transfer to the LD account before LD transfers money that is converted to USD to your trading account. 

AlgoGold only takes a commission by profit sharing system that is automated by the system. When your account makes profits you earn through copytrade, the system will auto divide the profit based on profit sharing requirements.

If there is a loss on the trade and there is a profit afterward, then the commission is only calculated on the profit you get after the value of your deposit money. But, for losses case, there is no profit sharing happen.

For example, you deposit $500, then a profit and loss occurs and you make a profit afterward. The commission will only be calculated with the profit you get after $500. The commission value is set by the ‘master trader’ in the copytrade settings section. So investors can make a choice whether they want to continue copy trading with the ‘master trader’ or others.

For AlgoGold, we charge a copytrade of around 20%-30% of the profit. If your capital is $500, then you get a profit of $200 and withdraw (profit sharing 30:70, AloGold will get $60 and investors get $140).

The distribution of profit sharing will be done automatically by the system when you withdraw your profit or rollout by the system. Simple and easy right? However, if you think the amount that AlgoGold sets is high for you, you can trade on your own and enjoy your profit 100% without having to share it with others.