
FAQ
Got questions? Find all the most important questions answered in this page, however if there is a question that is not answered here, simply open the "Live chat" button on the bottom left, or email our team on support@primedtraders.com.
What is Copy Trading?
Copy trading is a feature where a trader can allow others to copy is trading results by creating a strategy within the regulated brokers ecosystem. Investors can choose how much to invest and have access to advanced risk management options, like equity stop loss. The investor, from the starting point, will copy every single trade the trader opens using an equity-to-equity trading environment, which means that if the trader has a balance of 10,000, while the investor has 100,000, and the trader earns 1% ($100) the investor will also earn 1% on his/her balance which would be $1,000.
What is the minimum deposit?
We offer 3 different copy accounts, each account has it's own minimum investment. It is completely up to you which of the accounts you decide to copy.
Goal Oriented Plan: $5,000+
Passive Income Plan: $250+
Wealth Building Plan: $20,000+
*or currency equivalent.
Do I need a special software?
No, you only need to open an account with our regulated partner broker, verify your account, deposit and allocate the copy funds and that is pretty much it!
Who do you trade with?
We trade with a fully regulated prime-of-prime brokers, TopFx. We have been in business with them since early 2016 and have never faced any issues. Their regulation ID is as follows:
License and Regulation: TopFX Ltd is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 138/11 in accordance with the Markets in Financial Instruments Directive (MiFID II). Other regulated entities within the group: TopFX Global Ltd with registration number 8424819-1 is a company registered under the Laws of Seychelles and licensed by the Financial Services Authority (FSA) of Seychelles under the Securities Act 2007 with a Securities Dealer License No: SD037.
TopFX Ltd provides investment and ancillary services to residents of the European Economic Area (EEA). TopFX Ltd does not accept clients residing in Belgium and any third countries.
Can I use another broker?
You can use any broker that offers cTrader copy, however we do not recommend using an alternative broker due to the asset class names, for some brokers XAUUSD is called GOLD, meaning that you will be missing trades. For best performance you should only copy us with our own partner broker.
How do you get paid?
We firstly trade our own money, you are simply copying our funds, so our main income source is our own trading profits. From your side we earn 30% of the highwater mark profit generated, 1$ for every $100,000 traded and a 5% annual management fee. Over all it is in our interest for you to trade, profit and continue trading (investing) with us.
Can I withdraw at any time?
Yes, your funds are always in your control and you can withdraw any amount from your account at any given time. Withdrawals are deducted from the copy account instantly, by a simple press of a button.
Can I add more funds later?
Absolutely, you can add as much as you like on top of your initial investment at any given time.
What is highwater mark?
The High-Water Mark (HWM) Model is the method used to calculate the performance fees a strategy receives from followers. A HWM is the highest value that your following account has reached when charged for a performance fee. The HWM ensures that the strategy provider does not get paid twice for the same performance. The we only het paid fees only when new profit is gained for the follower's account.
In brief, the HWM works as follows:
An investor decides to invest a certain amount e.g. 10000, in a strategy with a certain performance fee e.g. 30%. The HWM at this point is the initial investment amount.
At a certain point in time e.g. 1st of each month, the performance fee is evaluated and deducted from the followers account. The fee is charged only on the difference between the account's equity and the HWM.
After the fee is deducted, the account's equity before fee realization becomes the new HWM. The next time the performance fee is evaluated, it is only charged if the account's equity has surpassed the previous HWM and only for the amount that it If the account's equity is below the HWM, then no fees are charged.
How do I see my account?
You have access to your account at all times in virtually all forms, from web access, to a PC platform and an IOS and Android app for your mobile or tablet. Your funds remain in your own name and on your own trading account, so you have complete access to your funds at all times in an EU regulated environment.
How can I join the Telegram channel?
Simply press on the following link: https://t.me/primedtraders actual investors get access to a different private investors group, you will get access to this once you make your deposit with us.