Only pay when your investment grows
We’ve introduced a new type of commission for copy trading - revenue share. It’s denominated as a percentage of the income on your investment. When you copy a Master Trader who charges revenue share, you’ll only pay a commission if your investment is making a profit, and its amount will never exceed your income.
This means if the Master Trader you follow is not doing too well, and your investment does not grow, you won’t pay anything. But if the Master Trader you follow is making huge gains (and so does your investment), the commission amount will increase.
Master Traders may set their revenue share from 1% to 50%. If a Master Trader decides to change the share, these new conditions will only apply to new Copiers. Those who are already copying the Master Trader’s trades will pay the commission they originally subscribed to.
When creating a Master Account, traders can choose between two types of commission to charge to their followers. The first (per one lot) is charged for every lot traded by the Copier and is denominated in US dollars. The new one (revenue share) is a percentage of the Copier’s profit. The latter has the potential to bring a lot more commission to a truly successful Master Trader.
OnsaFX, a regulated, global & zero-commission broker, is strengthening its presence in Africa by preparing to enter the Ghanaian market.