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 |
|
|
|
If, as a professional trader, you want to attract investors and have your trades copied on the platform of other investors and benefit from the profit from the copied trades (according to the conditions you have determined in advance), this account is suitable for you. In this type of account, investors’ deposits remain in their own account and are not aggregated; In fact, you only see your balance in your account.
To read more about the copy trading account, enter the copy trading page through the social trading tab or refer to the link below.
To open a copy trading – master 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.
4. Click on copy trading.
5. Enter my accounts.
6. Click on + create new master account.
7. Specify 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.
8. In the opened window to inform the investors, enter the name of the strategy and its description and click on the proceed button again.
9. Determine the desired conditions and click on proceed.
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.
10. Choose a display name and image for yourself and click on proceed.
11. At this point, your Copy Trading – Master account has been successfully created.
In this window, you can also create an investor account linked to a trader 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 proceed. If you don’t want to, click on close to complete the account creation process.
12. Log in to MetaTrader using the login id and password sent to your email and start trading.
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 perform any actions and you can only watch transactions.
As a copy trading – master account on Metatrader, you will only see your deposit balance.
Your account details, including id, balance, profit, max dd and followers 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 statistics of people who have registered in your account (subscriptions).
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: Received fees
In this section, you can see your transaction report.
In this section, you can see the details of your account.
In the settings section, you can manage your account settings.
1- account name and password: change account name and password
2- strategy description: explanations about trading strategy to inform investors
3- fee plan: editability through the change free plan option
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.
4- trading history visibility: showing the number of recent transactions in the transaction history to investors.
5- promo offers: special offers for investors
6-Privacy: In this way, you can make your master account visible or hidden in the leaderboard.
You can also add a code to register investors in your account through the Add subscription code option after hiding your account.
7- Minimum Deposit: In this way, you can determine the minimum balance necessary for investors to register in your account.
In this section, you can view your transaction report.