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Trader's Handbook

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Hi, welcome to Followme’s trading community. Start your journey on trading here.

 

As a world-leading copy-trading platform, with years of focus on technology and innovation, the Followme community has been leading the industry with its dedication to connecting all participants in forex investments and building up a financial ecosystem where everyone has access to shared resources. In order to better link general trading users and professional traders, Followme has prepared the Copytrading mode. Under this model, users who provide high-quality copy-trading strategies are called Traders.

 

What is a Trader#

 

Followme users can become a Trader by creating or binding an account. Performance on Traders’ trading behaviours and results will be counted backstage and published on Followme’s website. Each order in the Trader’s account will be sent to Followme in signals. Copytraders who subscribe to this Trader will be synced to place an order in their account. For example, if the Trader’s account closes out, then the Copytrader’s account will simultaneously and will show the information that the order has been closed out.

Traders can interact and communicate with fans and Copytraders in the Followme community. Traders with bigger exposure, more fans and Copytraders will also be rewarded with more copy-trading service fees.

 

How to become a Trader#

 

Step One: open a Trader account

 

Register as a Followme user and then log in to your personal account, click the “create or bind” button and identify yourself as a Trader. Specific procedures to create or bind accounts are as follows (if you already have a trading account, go the second step):

  1. Open a Trader’s account
  1. Log in to your personal account and click “create or bind account”;
  2. Identify yourself as Trader and choose the broker you wish to open an account at;
  3. Fill in the information needed
  4. Go to your broker’s and open a trading account;

(Deposit, withdraw and operate: after registration at the broker’s, you will receive the trading account and password which you can use to log in to the user centre at the broker’s website and deposit money into your account. After the deposit, you can operate.)

  1. Bind with MT4 account to become a Trader
  1. Log in to your Followme account and click “create or bind account”;
  2. Identify yourself as Trader and choose the broker you wish to bind account with;
  3. Choose a server, fill in your MT4 account, change your Read-only password or fill in trading password;
  4. Submit binding and waiting to be approved;

 

Step Two: Learn about Trader’s rights and interests

  1. Subscription fee
  1. Each account of a Trader is seen as a separate strategy signal. One Trader can have multiple trading strategy signals to be subscribed.
  2. Followme now charges a monthly fee for subscription services with six price levels, free/m; $9.99/m; $29.99/m; $49.99/m; $79.99/m and $99.99/m (max). For each level, Traders can set a discounted quarterly and yearly price on your own will at the profile.
  3. Starting from the day of paid subscription, Traders will receive a settlement every 30 days. You can go to “Subscription management – My wallet” to check out the settlement details.
  4. When the subscription fees accumulated to over $30, Traders can submit requests to withdraw in your account. Each withdrawal will be charged 0.5% fee or at least $10 and to $30 beared by the Trader. After the request is approved, the payment will be finished within one working day to Trader’s bank account.  
  1. Profit dividend

Multiple Account Management (MAM) is a professional one-to-one service provided by Followme after integrating industrial resources such as professional investment firms, organizations and top traders to cater for the green hands with little experiences or users with capital management needs.

  1. Qualified Traders at Followme can launch a MAM product to share benefits with Copytraders;
  2. MAM products have multiple income distribution modes. Different proucts may have different investing cycles, risk levels and rates of return;
  3. Requirements for MAM product launching:
    • There is an unoccupied MAM trading account (in other words, the account follows no MAM products right now);
    • Each account can only follow one product, but you can register multiple accounts to launch multiple products;
    • Your account balance is bigger than the minimum capital requirement;
    • The launcher’s account and the product information shall pass the risk control examination;
  4. Detailed procedures for MAM launching, please check “Operation procedures for launching and copytrading MAM products” (Click to learn more).

  

  1. Get more exposure

 

Trader's Handbook 

The Top Ranking will be subject to the statistics counted by the community. Meet with the ranking’s standard will win yourself more exposure of your trading strategy here.  

 

Notes for Traders#

 

How to use Trader’s account

  1. Followme supports a multi-account system which means the Trader can open multiple trading accounts at different brokers’. After registration, the user will receive the trading account and its password sent by the broker. With these, the user can log in to the User Center and the trading platform.
  2. After successfully opened the account, Traders shall sign the Authorization on Trading Instruction in accordance with Followme’s instructions so as to complete the final linkage with Followme. After successfully linked, Traders can trade at his/her free will.
  3. Followme does not limit the trading category or trading capital, but Traders shall exercise strict control over risks and set up a stop-loss point as well as a stop-profit point.
  4. If you forget your broker’s account or password, please seek help from the broker’s customer service.
  5. Risks for leverage fund of the trading account will be subject to different broker rules.

 

Trading Rules

 

Trading on the broker’s platforms shall meet the following rules:

  1. Different broker platforms may have varied trading products including forex, precious metal, crude oil, stock index and others.
  2. Followme attaches great importance to the protection of our users’ capital security. Therefore, all trading behaviours of the Trader will be closely monitored by Followme, such as malicious operations of the Trader will receive the penalty of revoking all subscription fees and potential permanent suspension of the Trader’s account;
  3. Here at Followme, we suggest Traders set a reasonable stop-loss point. Reasonable and efficient stop loss can improve Trader’s ranking on the system. We do not encourage the setting no nor over stop-loss point;
  4. Here at Followme, we do not encourage to go after 100% win rate due to the fact that it is a potentially dangerous strategy which may lead to immeasurable losses.
  5. Trades can only be done during the market’s trading hours. The specific trading hours will be subject to your broker’s preset time.

 

#Account Suspension#

 

Trading accounts that violates Followme’s relevant rules will face temporary or permanent suspension in accordance with the severity of the situation and all consequences are on the Trader’s own account.

 

  1. Temporary suspension

Once breaking the relevant rules at Followme, the Trader’s account shall be suspended for the moment, which means the account will quit the Followme ranking system, stop all subscriptions and revoke all subscription fees, but the account shall remain linked to the broker’s trading system.  

  1. Permanent suspension
  2. Accounts with no trading behaviours in the last two months may be removed from the Trader’s Ranking by the system;
  3. Accounts that have been suspended for several times shall automatically be removed from ranking, subscription, gaining subscription fees and other functions.

 

How to change read-only passwords when binding MT4 account

Open MT4 and log in to the account that you wish to bind. Right-click your account information and choose “Change password”;

 

Trader's Handbook

 

 

Enter into your trading password (your master password, which is also the password you used to log in to the MT4 platform), then choose “Change read-only password (for investors)”, then copy the read-only password generated by the website, paste it here and confirm twice.  

 

Trader's Handbook

 

 

Note: All the quoted image or data above are past trading records which shall not be used as a reference for future performance or investments.

 

Now, you should have a relatively full understanding of the Trader’s rules and regulations at Followme. Join now and win yourself followers at the community with your trading experiences. Wish you long life in the forex market.

 

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

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