cTrader Launches Highly Anticipated Isolated Copy Trading Feature
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cTrader, a renowned trading platform provider, has announced a new feature eagerly awaited by UpTrader clients subscribed to cTrader White Label and actively using copy trading - the ability to perform isolated copy trading within a broker's framework without the broker having to deposit mandatory funds into Spotware. This development solves a problem that many brokers found limiting in the past.
Before the introduction of this feature, brokers were required to make a deposit to Spotware's common pool to ensure the compensation of managers. Consequently, brokers were obliged to vouch for the trader connecting to a given manager and covered the commission for strategy management. These amounts were later deducted from the client's account. This means that the broker who enabled copy trading for their clients was obligated to make a deposit because they didn't have the option to limit copy trading to the strategies of their own managers, which was disliked by many.
cTrader now offers several variants of isolated copy trading, making it possible to set each White Label to one of five isolation statuses, namely:
- - Isolated Copying - followers from this White Label can copy only strategies from the same White Label. Strategies from this WL could be copied by any followers. Does not require collateral.
- - Isolated Providers - strategies from such White Label can only be copied by followers from this White Label, but followers from such White Label can copy any strategies. Requires collateral.
- - Isolated - followers from this White Label can copy only strategies from this White Label. Strategies from this White Label could be copied only by the followers from the same White Label - this is full isolation. Does not require collateral.
- - No Copy - copy is fully disabled for this White Label. Does not require collateral.
- - If no isolation status is specified -> full access, meaning that followers can copy anybody and strategies could be copied by anybody. Requires collateral.
This new capability of setting distinct isolation statuses grants brokers more freedom and control over their copy trading operations, ensuring a more seamless and customized trading experience for their clients.
Your UpTrader Team