Copy trading is an investment strategy in which an investor (the “copier”) automatically replicates the trades of an experienced trader (the “copied”).
In practice, when the copied trader executes a trade, it is replicated to the copied trader's account, following very precise criteria to ensure that the replication is faithful.
The parameters of copy trading:
Instrument: The trade must be for the same asset, even if the name includes different extensions (such as EURUSD and EURUSD.ecn).
Direction (Side): The choice between Buy or Sell must be identical.
Opening and Closing Times: Very similar opening and closing times (including minutes and seconds).
These parameters that the copied trades are virtually identical to the original trades.
In this way, even those without much trading experience can benefit from the strategies of more experienced traders by replicating their trades automatically and on time.
This practice is prohibited on Prop Number One, pay attention even a purchased BOT or Software, if set up with the same parameters will open the exact same trades, violating our terms and conditions.
What happens if I am flagged for Copy Trading?
Unlike all the other Prop Firms out there that disable the account with no chance of recovery in Prop Number One, where transparency is one of the values, we have developed ranges based on the percentage of trades that are done in copy trading.
We have set up a series of warnings before taking very strict actions for this behavior, you will find them listed below.
Percentage of trades in copy trading less than 5%.
What happens with an initial warning
Step 1: You are warned and discount trades
Step 2: You are warned and discount trades
Funded: You are alerted and discount trades
What happens with a second alert
Step 1: You are warned and discount trades
Step 2: You are warned and discount trades
Funded: You are alerted and discount trades
What happens with a third alert
Step 1: You are alerted, disable your account and give a new account identical in step 1
Step 2: You are alerted, you disable the account and give a new account identical in step 1
Funded: You are notified, you disable the account and give a new identical account in step 2
Percentage of copy trades between 5% and 25%.
What happens with an initial alert
Step 1: You are alerted, you disable the account and give a new account identical in step 1
Step 2: You are alerted, disable the account and give a new identical account in Step 1
Funded: You are alerted, disable the account, and give a new identical account in step 2
What happens with a second alert
Step 1: You permanently disable the account.
Step 2: You permanently disable the account.
Funded: You permanently disable the account.
Percentage of copy trades above 25%.
What happens with an initial alert
Step 1: You permanently disable the account.
Step 2: You permanently disable the account.
Funded: You permanently disable the account.
N.B.
Of course, we will provide all the necessary evidence of our systems for our users to verify as well.
Please note that it is the trader's responsibility to make sure that purchased software and BOT do not operate identically, if Risk Management detects such operations it will apply the penalties in any case.