There are 3 types of investment accounts in MondeFX. These 3 accounts are: PAMM, MAM and Copy Trade.
You can compare the types of social trading accounts through the following table:
Account | balance | Transfer funds to the trader's account | View transactions | Possibility of instant withdrawal | The possibility of trading | Minimum deposit amount | Remaining capital in the investor's account | Ability to view transaction history | Ability to edit transactions |
MAM |
| × |
|
| × | relative to the trader's account |
|
| × |
PMM |
|
| × | ×* | × | 1$ | × | × | × |
Copy Trading |
| × |
|
|
| relative to the trader's account |
|
|
|
The copy trading account allows you to take advantage of the transactions of a professional trader at the moment; So that by doing any transaction by your trusted trader, the same transaction will be registered in MetaTrader for you immediately (depending on the conditions set by the trader which can be read in his profile).
So even if you are not an experienced trader, a copy trading account allows you to benefit from the expertise of professional traders of your choice by following their trades. You can even manage your account risk by following multiple traders at the same time. Another advantage of this type of account is its transparency and complete control; This means that you can manage your capital and transactions at the moment and withdraw your capital at the desired time.
In this type of account, the balance of each trader remains in his personal account and can be seen. You can make your desired trades in your account and at the same time, follow your trusted trades and edit or even cancel them.
To read more about the copy trading account, enter the copy trading page through the social trading tab or refer to the link below.
https://mondfx.com/copy-trading/
To open a copy trading – investor account:
1. From inside your panel, click on B2copy.
2. Select one of the options (account list and leaderboard).
3. Through the go to old UI button, you will be transferred to the old version of the broker.
Click on copy trading.
5. Enter my accounts.
6. Click on + create new investment account.
7.Set the account type in the platform field, the desired currency in the currency field, and the required leverage in the leverage field and click on proceed to create your account.
8. Now click again on copy trading.
9. Enter the leaderboard.
10. Search for your trusted trader and click on follow.
11. Read the conditions of your desired trader account on the opened page, and if you approve, click the approval tick.
performance fee: trader’s profit share in percentage.
volume fee: the fee that must be paid by the investor for each lot of capital.
joining fee: the initial membership fee paid by the investor to join the copy trading account.
12. Click on subscribe.
13. At this stage, you have successfully subscribed to your desired trader account.
In this window, you can make a deposit to your account. First, in the deposit from field, select the account through which the deposit will be made, and then in the deposit amount field, enter the amount of the deposit you want to make and click on deposit now. If you don’t want to deposit at this moment, click on close.
14. Log in to MetaTrader using the login id and password sent to your email and start trading. In this way, you can see the trades of the selected trader in your account, with the ability to edit and even cancel the trade, and you can do your desired trades in this way.
An investor password will also be sent to your email; If you log in to Metatrader using this password, you will not be able to do any action and you can only observe the transactions made by your chosen trader.
As a copy trading – investor account on Metatrader, you will only see your deposit balance.
Your account details, including id, balance, profit and max dd can be displayed in my accounts.
Click on the three dots to access settings and more information.
In this section, you can get information about the results of your account transactions and the accounts you have subscribed to.
Balance: Balance
Equity: floating balance after calculating profit and loss of open positions
Realized PnL: a measure to evaluate the amount of profit and loss of closed transactions
Floating PnL: a measure to evaluate the amount of profit and loss of open transactions
Received Fees: Paid fees
In this section, you can see your transaction report.
In this section, you can see the details of your account.
You can change your account name and password in the settings section.
In this section, you can view your transaction report.