If you are new to Fullerton Markets’ CopyPip platform, you’d want to read this article before you start finding a suitable Strategy Provider for your CopyPip account.
The CopyPip platform charges a 1 pip commission for traders using its platform. Therefore, there might be some discrepancy in the profitability for the provider and the follower.
For example, if the provider earns 5 pips from a trade, the follower will only have earned 5 pips - 1 pip = 4 pips due to the commission.
Likewise, if the provider loses 5 pips, the follower will lose 5 pips + 1 pips = 6 pips.
This means that it is possible for a Strategy Provider to be making profitable trades, but the clients are earning less than intended due to the 1 pip commission.
The photo below is an example of a Strategy Follower account. You can see that for every 0.01 lot trade the provider takes, the followers are being charged USD 0.09 which is the 1 pip commission.
Fullerton Markets Research Team
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