Spotware Removes Charge on Commissions in cTrader CopySpotware, an expert in building trading solutions, has announced that in its aim to attract professional traders, offer better terms and improve the overall trading environment, it removed the 30% charge on commissions earned by the Strategy Providers in cTrader Copy, a versatile investment platform, and a native copy trading service of cTrader.
James Glyde, the Chief Commercial Officer of Spotware commented on this change:
“cTrader Copy is a truly innovative copy trading platform that is easily accessible to anyone who would like to provide a strategy or copy a strategy. It already has many Strategy Providers among which are professional traders, PAMM managers, and IBs. To allow them to earn even more from trading, we decided to remove our interest completely. This will attract even more Strategy Providers to cTrader Copy, thus increasing Investors’ options for copying, and allow them to offer lower fees for their services.”
In cTrader Copy, Strategy Providers can charge Investors 3 types of fees or any combination of those for providing their strategy for copying. These are the Performance fee (same as in PAMM), which is a percentage of investor’s profit calculated using High Water Mark, the Management fee, which represents an annual percentage of Investors’ Equity calculated daily and charged at the end of each month, and the Volume fee, which is based on the volume that the investors have traded while copying the strategy and charged for opening and closing of each position. Previously, there was a 30% deduction from these fees, which is now removed.
In addition to this, cTrader Copy provides many other benefits to Strategy Providers and ways to attract more investors. For instance, thanks to cTrader Copy being a cross-broker platform, there is already a pool of investors interested to copy strategies. To invite more investors, Strategy Providers can also easily share their strategy on external resources or even embed it into their website or blog.
To become a Strategy Provider in cTrader Copy, please visit https://ct.spotware.com/copy
Spotware is an award-winning financial technology provider specializing in complete business solutions and complex custom development projects that add value to their clients. It is best known for its flagship product, cTrader, a premium FX and CFDs trading platform offered by leading brokers and trusted by millions of traders worldwide. It has also developed cXchange, an out-of-the-box digital asset exchange solution that allows any business to launch a cryptocurrency exchange. Spotware has been raising the standards of the online trading industry since 2010 providing constant innovation ever since. Founded on the values of transparency and Traders First™ approach, the company develops products that are responsive to the changing demands of business and regulatory landscape, and serve the long-term interests of all market participants.