How to become a signal provider for copy trading
Ready to make even better use of your trading skills and earn additional income?
As a signal provider, you are letting other traders gain access to your trades and follow along with your success or your failures. Traders that do agree to follow you have the ability to change their position size but if you are long on BTCUSD then they are long on it with you as well.
Copy trading is a new technology for both new and experienced traders to utilise but there must first be trades to copy supplied by the signal providers on the app.
In this article, we will explain the process of becoming a signal provider and show you the many benefits of being a signal provider.
What does a signal provider do?
A signal provider is a person who allows other traders to copy their trades on the Axi Copy Trading app. The provider may earn income from charging subscribers a subscription or performance fee, but this is optional and completely up to the provider.
What is the Axi Copy Trading app?
The Axi Copy Trading app is an app that allows clients to link their MT4 trading account and copy the trades of other traders featured on the app. It is a simple way to copy top traders around the world, whether you are a beginner who lacks the time to focus on becoming a trader or an experienced trader who wants to diversify their overall strategy. At the same time, it is a platform for successful traders who would like to earn additional income by allowing others to copy their trades.
Read more → Copy trading for beginners: How to start copy trading?
How to become a signal provider on the app?
Assuming you have already downloaded the Axi copy trading app:
- Go to the Account tab, scroll down and click on “Link an account”.
- Choose “I want to provide signals” and enter your Axi MT4 account details (server, login, password). If you don’t have an account yet, click “Create one now”.
- Should you wish to charge a performance or subscription fee, email service@axi.com and you will receive instructions for next steps.
How do the leaderboards work for master traders?
The “Discover” page within the Axi Copy Trading app will display a leaderboard with the best performing signal providers. These are displayed by all-time return, daily and weekly performance. The better you perform, the more people will see you, and the more followers you can potentially gain.
View some of our top traders.
Why should I become a signal provider?
Discover some of the benefits of becoming a signal provider below:
- Build a name for yourself - The Axi Copy Trading app allows you to strengthen your profile as a signal provider. With consistent profitability, you will be featured in the leaderboard and your profile will be prominently featured on the app's main page.
- Generate additional income - by providing signals, you can complement your trading income by charging a performance or subscription fee.
- Benefit from having a community - with enough followers, you may realise at some point that your followers have almost become like a community. You can make use of this by exchanging ideas and experiences. Remember, it is not only beginners that use signals, you will find experienced traders that are short of time or want to diversify using it too.
Are there any requirements to becoming a signal provider?
Our partner Pelican Trading will review your past trading performance and process your application to become a signal provider. Preferably, you should have at least a 6 month track record.
What information is shown on my profile?
Traders will be able to see:
- Join date
- Number of signals issued
- Number of copiers following you
- Your monthly return (cumulative)
- Your total return
- Your realised PnL
- Your unrealised PnL
- Your maximum drawdown
- Number of trades over the last 12 months (+ maximum/minimum number of trades per month)
- Breakdown of the instruments you traded
- Brief description of your service (optional, written by yourself)
- Your trade achievements
Where to download the Axi Copy Trading app?
You can download the Axi Copy Trading app from the Apple Store (iOS) and Google Play (Android).
Download the Axi Copy Trading app, explore the top traders and start copying their trades today!
The information is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any trading strategy. Readers should seek their own advice. Reproduction or redistribution of this information is not permitted.
