A Comprehensive Guide to Becoming a Strategy Provider on Exness Copy Trading Platform
In any copy trading platform, two parties are involved: a Strategy provider and an investor. The former is the trader who lets the latter copy their trades. The benefit of being a strategy provider is that you earn extra income through commissions. Are you a skilled trader willing to let others follow your strategy? Keep reading this article to learn how you can become a strategy provider on the Exness copy trading platform.
Getting Started
To access Exness’ copy trading platform, you need to hold a verified trading account with the broker. Here is how you can create an Exness trading account and register to become a strategy provider.
Step 1: Visit Exness.com to create an account.
Step 2: Hit “Register” to start the account creation process. Information like your country of residence, email, phone number, and full name will be required. Also, remember to set a strong password.
Step 3: Verify the newly created Exness account by providing your Government-issued ID and proof of residence. The broker will check the documents and then email you to confirm your account is verified.
Step 4: Log in to your verified account and head to the “Social Trading” section.
Step 5: Press the “Join Now” button, and a page for creating a new trading strategy will pop up.
Step 6: Enter your nickname, the name of your strategy, and its description.
Step 7: Next, choose an account type, leverage, and commission rate, then press “continue.”
Step 8: The page that opens up will ask you to add a profile picture. You can skip this step since it is not necessary.
Step 9: With your strategy already set up, you can now deposit funds into your Exness social trading account.
How to Deposit Funds
Step 1: Go to your Personal Area, then press the “Social Trading” button.
Step 2: Click on your strategy and press the 3-dot icon to see options. After that, select “Make Deposit.”
Step 3: Choose your preferred payment method. It could be a bank transfer or debit/credit card. Next, follow the instructions to fund your account.
How to Withdraw Funds
Step 1: Go to your Personal Area, then press the “Social Trading” button.
Step 2: Click on your strategy and press the 3-dot icon to see options. After that, select “Withdraw Money.”
Step 3: Choose the supported withdrawal methods and follow the instructions for removing funds from your account.
Breakdown of Your Strategy
This is the information about your strategy that will be displayed within the Exness copy trading platform:
Your Nickname: To allow investors to find your trading strategy easily, setting up a nickname is crucial.
Risk Score: Exness measures a strategy provider’s risk level on a scale of 1 to 10. The higher the risk score, the higher the chances of making more money or losing it more quickly. A risk score of 1 to 5 is considered moderate, 6 to 8 is high, and 9 to 10 is extra high.
Return: This shows how much profit you have generated within a certain timeframe.
Commission: This indicates your profit share from every winning trade.
Leverage: This presents the ratio of your own money to borrowed funds invested in your strategy. A high leverage promises both massive returns and losses.
Investors: Exness displays the number of traders following your strategy.
Equity: This shows your account’s total value if all trades are closed.
Description: The details you wrote about your strategy are displayed in this section.
What Can You Trade on Exness?
As an Exness strategy provider, you get access to several financial markets. You can trade forex, metals such as Silver and Gold, and cryptocurrencies like Litecoin, Ethereum, Bitcoin Cash, and Bitcoin.
Can You Share a Link to Your Strategy?
Yes! Exness generates links for strategy providers, which they can share on social media platforms to attract more investors in an effort to boost their income.