Lead Trader
Lead Trader
Our Forex Broker uses software called “Copy Trader”. This software allows investors to link their trading account to the Lead Trader account. The Lead Trader account is where the strategy operates from.
In the example above, there is 3 follower accounts linked to the Lead Trader account using the Copy Trader software.
The follower’s capital/equity always remains in their own account.
When the Lead Trader opens a trade, the Copy Trader software will send a signal to the 3 followers accounts to also open the same
trade. Similar if the Lead Trader closes the trade, the Copy Trader software will send a signal to the 3 followers to
close the trade.
The followers are not required to undertake any involvement. The Lead Trader runs the strategy, and the Copy Trader software ensures all follower accounts open and close trades in the same manner as the Lead Trader.
At the end of the month the performance fee is calculated on the profits generated on the follower’s account and is deducted from each follower’s account by the Copy Trader software.
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Disclaimer: While all reasonable care has been taken in the preparation of this information, Brindabella Capital take no responsibility for any actions taken based on information contained herein or for any errors or omissions. Interested parties should seek independent advice prior to acting on any information presented.
