Boost your earning potential as a strategy provider on Deriv cTrader’s copy trading platform

For a visual walkthrough, check out the video that complements this blog.

Have you ever wondered how top traders extend their market reach and earnings without committing extra hours to trading?

In the world of online trading, sharing your expertise can be just as profitable as applying it. Deriv cTrader offers a platform where experienced traders can do exactly that.

This guide will explore the significant benefits of becoming a strategy provider on Deriv cTrader and provide a clear, step-by-step path to help you achieve this status. By the end, you’ll know exactly how to leverage your trading skills to influence others and earn more.

How to earn from trading

Becoming a strategy provider on Deriv cTrader is not just about additional earnings; it’s about establishing your mark in the trading world. Here are some compelling reasons why you should consider this opportunity:

• Enhanced earning potential: Generate income not only from your trades but also from the success of those who follow your strategies.
• Increased market presence: As more traders follow your strategies, your influence and reputation in the market grow.
• Flexible income options: With a combination of performance, management, and volume fees, you control how you earn.
• Community contribution: Help less experienced traders by providing them with proven strategies, thus contributing to the overall health of the trading ecosystem.
• Low latency benefit: Trades can be copied almost instantaneously between brokers, ensuring that there is no delay in executing these trades.

Step-by-step guide on becoming a Deriv cTrader strategy provider

1. Enable strategy provision

First, log in to your Deriv cTrader account and select your main account under the Copy tab. Then, select the “Become a Strategy Provider” option to initiate the process.

2. Set your strategy details

Configuring your strategy details is crucial for attracting and retaining copy traders. Here’s what you need to specify:

• Strategy name: Choose a unique name for your strategy that reflects your trading style or philosophy. Once created, the name cannot be changed. This is the name that will appear in the list of available strategies to potential copy traders.
• Min investment: Determine the minimum investment required for copy traders. They cannot withdraw funds if it causes equity to fall below this minimum while copying your strategy, unless they stop copying.
• Performance fee: Determine the fee you will charge based on the net profits your followers generate. You can charge up to 30% of the investor’s net profit, based on the High-Water Mark (HWM) model.
• Management fee: Set a fee for the ongoing management of your followers’ funds, which can be up to 10% of the investor’s equity annually, charged daily. This fee compensates you for the time and effort involved in managing the strategy.
• Volume fee: Establish a fee per one million USD volume traded by your followers, with a cap of up to USD 10. This fee is tied to the trading activity under your strategy.
• Account for Fees: Choose a separate live trading account specifically for receiving any fees paid by your copy traders; this account must be different from your strategy account used for actual trading. You can use the same “Account for Fees” for multiple trading strategies.
• Allow copying for: Decide the accessibility of your strategy. You can opt for live accounts only, or extend it to both live and demo accounts. Note that this setting cannot be changed once your strategy is active, so choose wisely based on your target audience.
• Visibility:
  • Visible for: Select who can see and subscribe to your strategy. You have the option to make it visible to everyone or only to traders who have a specific invitation link.
  • Show positions to: Choose who can view your open positions. The options are everyone, only your investors, or no one. This helps in maintaining the desired level of transparency and privacy.
• Description: Craft a compelling description of your strategy. Utilize the formatting panel to enhance the text, add images, and include links that provide more insights or evidence of your strategy’s effectiveness. This description will play a key role in convincing potential investors of the value and reliability of your strategy.

Once all details are set and you’re ready to share your strategy with the world, click on ‘Become a Strategy Provider‘ to confirm your action and officially start your journey as a strategy provider on Deriv cTrader.

3. Publish your strategy

Once everything is set, publish your strategy on the platform. This will make it visible to potential followers and mark the beginning of your journey as a strategy provider.

Promoting your strategy on cTrader

Once your strategy is live, promotion becomes key to attracting copy traders. Deriv cTrader offers several tools to effectively market your strategy:

1. Set visibility preferences: Configure who can copy your strategy (live/demo or live accounts only) and who can view your open positions (everyone, only investors/copy traders, or no one) in “Strategy Settings” before starting.
2. Invite copy-traders: Use the “Invite link” in the ‘Promotion’ section to distribute a direct link to your strategy. This link attributes any new copy traders to you.
3. Embed your strategies: Use the HTML iframe code from the “Embedded Strategy Application” tab to embed your strategy on your website, avoiding redirects and helping convert leads into copy traders.
4. Share your personal profile: Customize and promote your strategies through your personal profile page, sharing achievements and contact details. Use the “Profile Link” in your social media strategy.
5. Share the access link: Provide live trading statistics to potential copy traders with the “Investor Access link”, enhancing credibility and trust.

Leverage your trading expertise with one of the top brokers that offer copy trading

Becoming a strategy provider on Deriv cTrader is a strategic move that can expand your trading activities into a profitable venture. By setting up a comprehensive strategy and allowing others to follow your trades, you amplify your impact in the trading world while enhancing your earnings.

Are you ready to elevate your trading career? Create a trading account and set up your strategy provider profile on Deriv cTrader to unlock a new world of opportunities!