Become A FxPro SuperTrader Leader | SocialTradingGuru.com

Become a FxPro SuperTrader Leader

Please note that FxPro discontinued their SuperTrader platform in Q3 2016. You can still earn extra money by joining and trading on any of the other social trading platforms listed here.

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FxPro SuperTrader LogoFxPro is a global Forex broker who allows their clients to copy other traders and trading strategies using their own SuperTrader platform. If you are an experienced manual or algorythmic trader you can make extra money by becoming a “SuperTrader Leader” and sharing your signals or strategies.

How much can I make on SuperTrader?

FxPro pays SuperTrader Leaders $5 USD for every million USD traded by the investors who copy them. In addition you will also receive a 5% performance fee based on the profits you make in your followers accounts.

How do I become a Leader?

Becoming a Leader requires you to undergo a stringent review process in which FxPro’s Business Development team will vet you and each of your strategies. You need to complete a Due Diligence Questionnaire and your trading strategy will be tested for 30 days in your own live FxPro account. During this period you need to execute at least 20 trades. Your strategies will not be made visible to clients until it passes this live test and you completed the interview and questionnaire.

The following are some basic FxPro risk management guidelines a Leader should abide by to limit the risk of their SuperTrader copiers:

  • Reasonable risk-adjusted returns
  • Consistent strategy, both with regard to executed trades and compared to your SuperTrader Leader Due Diligence Questionnaire
  • Possess and display a reasonable exit strategy suited to the individual trading strategy

The recommended risk management settings for a SuperTrader Leader to abide by are:

  • Limit your maximum drawdown to 50% of equity
  • Limit the unrealised loss relative to your account balance at a maximum of 20%
  • Having a maximum balance of 50,000 USD, with no redeposit allowed without prior notification of FxPro

While FxPro’s review process to become a SuperTrader Leader is certainly more stringent and time consuming than with most other social trading networks, there are certainly some benefits. Investors understand that each Leader and strategy has been properly tested and has a proven track record, which will make them more confident to invest real money. Leaders benefit from earning commissions and performance fees from a potential base of over 200,000 FxPro live clients who have direct access to a list of proven and reputable Leaders on SuperTrader.

It’s worth mentioning that any customers who copy your strategy can leave a rating which is displayed in the SuperTrader Leader listing. The listing also displays whether the strategy is 3rd party (which will be you) or in-house FxPro. You can also write a detailed description and update this over time, while all other performance statistics are updated automatically on the SuperTrader platform.

You can enter your trades using any of FxPro’s trading platforms (including MT4 or ECN). You can also use any FxPro, MetaTrader or ECN scripts to automated your trading strategy.

Click Here to visit FxPro for more information and the application form to become a SuperTrader Leader.

 

Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.