Spotware introduces new features to cTrader Copy
Spotware Systems today announced the addition of a raft of new features to its copy trading service cTrader Copy.
There are now enhancements to the deposit function. After a fee is charged from a Copy Account, the funds are immediately deposited to the Strategy Provider’s Account. This feature allows the Strategy Providers to receive funds immediately without waiting until the end of the day. Also, it helps to track how much money a Strategy Provider received from a specific Follower. The Volume Fee is deposited to the Strategy Provider account along with other types of fee, unlike previously, when the Volume Fee was deposited at the end of the day.
Further, when a user withdraws any amount of the invested funds from his Copy Account, then all his Unrealized Fees are charged immediately in full amount.
Another new functionalities enables hiding of a Strategy Provider’s open positions. The platform now allows a Strategy Provider to hide open positions from all traders, including their Followers. This feature will be available in one of the upcoming cTrader Web releases, and enables the Strategy Provider to show only their closed positions and protects them from unwanted copying.
In the new Copy version, if the owner of the Strategy Provider’s Account or Account for Fees is changed, then the Account for Fees will equal the Strategy Provider’s Account.
There is also a limit to the Strategy Name length. This is made in order to prevent flooding or redundant wording in the UI. The allowed length for the Strategy name is now limited to 80 characters.
Finally, cTrader Copy now supports more frequent balance updates on the Account Profile page – the balance is updated on every transaction.
cTrader Copy is a copy trading service, which includes risk management tools and detailed strategy profiles. These can be used by providers to showcase their products. The service was introduced by Spotware in 2018 as an overhaul of its original mirror trading platform cMirror, and functions as a flexible investment platform and a fully-integrated feature of cTrader.