Copy trading — an investment solution that enables Clients to generate returns in the financial markets by replicating the trading activity of skilled Traders. Investors can earn by copying professional trading activity, while Traders receive commissions for allowing others to follow their Strategies.
Copy Trading Platform — MonsTrade's platform designed for both Traders and Investors, used to create, manage, review and invest in Strategies by automatically mirroring positions opened and maintained by a Trader.
Trader — a MonsTrade Client who has created at least one Strategy within the Copy Trading service.
Investor — a MonsTrade Client who allocates funds to Strategies created by Traders.
Client — any individual using the MonsTrade platform to conduct trading operations, acting either as a Trader, an Investor, or both, in accordance with these Regulations.
Investment / Investment Account — a dedicated account belonging to an Investor, intended exclusively for copying trades from a selected Strategy.
Strategy — a trading account established by a Trader for the purpose of generating trading signals that are copied to Investors' accounts.
Strategy Rating — a list of available Strategies ranked by profitability, enabling Investors to assess performance metrics and choose where to allocate funds.
Copy Ratio — a multiplier that determines the proportional scale of copied positions. For example, a Copy Ratio of 2 means that all copied trades are executed at twice the volume (and therefore twice the potential profit or loss) of the Strategy's own positions.
Loss Limit — a risk-control threshold set by the Investor. It defines the maximum acceptable loss for the Investment, accounting for both open and closed positions and all commissions. Once reached, the Investment is automatically disconnected from the Strategy and all copied positions are closed.
Trader's Fee — a commission paid by an Investor to a Trader for using the Strategy, calculated according to the high-water mark model.
Stop Out — automatic liquidation of one or more open positions when the account's equity becomes insufficient to sustain them, executed without prior notice.
Company — MonsTrade, which provides and administers the Copy Trading service for its Clients.
1. General Provisions
1.1 The Copy Trading service is designed for both Traders and Investors. It allows Investors to gain potential returns by following the trading activity of experienced Traders, while Traders earn through the Trader's Fee paid by Investors who copy their Strategies.
1.2 Each Trader independently selects trading instruments and order types in accordance with their own Strategy. Investors may control their exposure by adjusting parameters such as the Loss Limit and Copy Ratio.
1.3 All Investor funds remain solely under the Investor's control in their personal account. No party other than the Investor can withdraw or transfer funds from that account. Full ownership and access remain with the Investor at all times.
1.4 All internal calculations, transfers within the Copy Trading platform, payments of Trader's Fees and withdrawal processing are executed by the Company.
1.5 Claims regarding improper execution or non-execution of trading operations within the Copy Trading platform are handled according to the terms outlined in the Customer Agreement.
1.6 The Company implements comprehensive security measures to safeguard confidential data belonging to Investors and Traders and does not disclose such information to third parties unless required by law.
2. Account Opening
2.1 Prior to using the service, the Client declares that they have independently examined the terms of the Copy Trading service or sought separate financial advice. By using the service, the Client confirms that they accept these Regulations as published on the Company's website and/or in their Personal Area.
2.2 Account creation and access to the Copy Trading service are completed through the Client's Personal Area.
2.3 Any Client who registers for the Copy Trading service is automatically recognized as an Investor.
2.4 A Client who establishes at least one Strategy becomes a Trader. A Trader may simultaneously act as an Investor.
2.5 Each Client may maintain only one payment account, which is used for authentication in the Copy Trading platform, deposits, withdrawals, and the receipt of Trader's Fees from Investors.
3. Investing
3.1 An Investor may choose any Strategy displayed in the Strategy Rating after reviewing its performance metrics and Strategy description.
3.2 When an Investor makes their initial Investment in a Strategy, the Copy Ratio and Loss Limit are set to default values. The Investor may adjust these parameters at any time.
3.3 To begin investing, the Investor must first deposit funds into their payment account. Any amount allocated to an Investment is instantly transferred from the payment account into the Investment account.
3.4 Copying begins immediately once the Investor subscribes to a Strategy. Positions are opened at the current market prices at the moment of copying.
3.5 The Copy Trading service automatically determines the trade volume to be copied, proportional to the Investment account's equity and based on the selected Copy Ratio. The minimum trade size that can be copied is 0.01 lot, enabling Investors with smaller balances to participate as long as sufficient margin is available.
3.6 The Investor agrees to pay the Trader's Fee as stated in the Strategy description. The Trader determines this fee upon creating the Strategy.
3.7 The Trader's Fee is calculated using the high-water mark methodology. Fees are only charged when the Investor's profit surpasses the previous highest profit level. If a Strategy ends a reporting period with a loss, no fee will be charged until profits exceed past losses.
3.8 The Trader's Fee is automatically calculated and deducted on the first day of the month following the reporting period. It is also charged when an Investment is closed or when funds are fully or partially withdrawn from the Investment.
3.9 In addition to the Trader's Fee, Investors may incur standard trading commissions according to MonsTrade's Trading Terms.
Examples (rephrased from original for clarity):
If 0.04 lots of BRENT are copied and the commission is $10 per lot, the Investor will be charged $0.40.
If the Trader uses an ECN account, commissions of $2.5 per lot per side apply to metals and currency pairs. If an Investor copies 0.1 lots of XAU/USD, the commission charged upon opening the trade will be ($2.5 × 0.1) × 2 = $0.50 for both sides.
3.10 The minimum charge for Trader's Fees, commissions, and swaps is $0.01.
3.11 The Investor acknowledges that copied transactions may execute at prices that do not appear in the visible quotes or platform charts during market snapshot intervals, yet remain valid prices available on the liquidity provider's server.
3.12 Market orders in the Copy Trading platform execute at prices available in the Market Depth. If there is insufficient liquidity at the best price, the system executes the order at subsequent available levels until the entire volume is filled. When filled across multiple levels, the order price is recorded as a weighted average, which may not correspond exactly to the quotes or charts in the trading terminal.
4. Reporting Period
4.1 The reporting period for each Investor begins at the moment the Investor subscribes to a Strategy.
4.2 The reporting period concludes on the final calendar day of each month.
4.3 The Trader's Fee specified in the Strategy description is calculated individually for every Investor and is automatically deducted from the Investor's account and credited to the Trader's payment account within the Copy Trading service.
5. Strategies
5.1 A Trader may create multiple Strategies within the Copy Trading service. A separate account is generated in the MetaTrader platform for each Strategy.
5.2 When establishing a Strategy, the Trader must specify the Strategy name, account type, and leverage. After creation, the Trader may add a detailed description and set the Trader's Fee. If the fee rate is changed later, the updated rate will apply only to new Investments.
5.3 The Trader can view and monitor all Investors subscribing to their Strategy in the "My Investors" section of the Copy Trading platform.
6. Account Funding
6.1 A payment account within the Copy Trading service may be funded either directly or by internal transfer from other accounts, initiated via a deposit request in the Client's Personal Area.
6.2 Once a deposit request is confirmed, the corresponding amount is deducted from the Client's wallet and credited to the payment account.
7. Withdrawal of Funds
7.1 To withdraw funds from the Copy Trading payment account, the Client must submit a withdrawal request through the Personal Area.
7.2 If the Client requests a partial withdrawal from an Investment, the amount withdrawn cannot exceed the value shown as Free Margin and can only be transferred back to the payment account. These funds may then be moved to the wallet upon a separate withdrawal request.
7.3 Withdrawals from the Client's payment account are processed directly or through internal transfers in the same currency as the base currency of the Copy Trading account.
7.4 A full withdrawal of funds can be carried out only if no open positions remain within the Investment.
8. Trading Operations
8.1 All trading operations by the Trader are executed through the MetaTrader platform.
8.2 The Investor maintains complete control over their Investment account and may manage it within the appropriate section of the Copy Trading platform.
8.3 When conducting trading operations, the Trader must follow the trading rules applicable to their selected account type. These rules are available in the Client's Personal Area.
8.4 The Trader issues instructions to open, modify, or close orders within their Strategy. Based on these instructions, corresponding trading signals are generated and replicated in all active Investments linked to that Strategy.
8.5 When a signal to open a position is received, the system automatically places orders for each Investment associated with that Strategy. The copied trade volume is calculated according to the proportional equity ratio between Trader and Investor, as well as the Investor's chosen Copy Ratio.
Examples:
1. Trader Equity: 1,000 USD; Investor Equity: 200 USD; Copy Ratio: 1 → Trader opens 1 lot Copied size = 1 × (200/1000) × 1 = 0.2 lots 2. Trader Equity: 3,000 USD; Investor Equity: 500 USD; Copy Ratio: 3 → Trader opens 1 lot Copied size = 1 × (500/3000) × 3 = 0.5 lots 3. Trader Equity: 500 USD; Investor Equity: 2,000 USD; Copy Ratio: 0.5 → Trader opens 0.6 lots Copied size = 0.6 × (2000/500) × 0.5 = 1.2 lots 4.Trader Equity: 3,000 USD; Investor Equity: 1,000 USD; Copy Ratio: 2 → Trader opens 1 lot Copied size = 1 × (1000/3000) × 2 = 0.66 lots
8.6 An Investment may be liquidated by a Stop Out event, meaning all positions may be forcibly closed without prior notice if the equity-to-margin ratio falls below the Stop Out threshold.
8.7 The Stop Out level for all Investments is set at 20%.
8.8 Once the Loss Limit is reached, all open positions in the Investor's account are closed at current market prices. The Loss Limit calculation includes the results of open/closed positions and any Strategy-related fees. Due to market conditions and execution speed, the final amount of loss may differ slightly from the predefined threshold.
8.9 Investors can only manually close positions during the liquidation process. If the Investor initiates liquidation of the Investment, all open positions in that Investment will close at market prices, while positions in other active Investments linked to the same Strategy remain unaffected.
8.10 The Trader and Investor agree that if a Strategy’s total return falls to –99% or lower, the Strategy becomes unavailable for new Investments. No new trades will be copied to Investors until the total return rises above –99%. Exception: Signals related to partial or full position closures will still be copied.
8.11 If the Investor's account does not have sufficient free margin to copy a new trade, that specific trading signal will be skipped and not replicated.
8.12 The time required to process and replicate trades depends on server connection quality and market conditions. Under normal circumstances, copying time is up to 3 seconds. During periods of abnormal volatility or technical load, the time may extend to 10 seconds or longer.
9. Funds Settlement
9.1 Upon the creation of an Investment, its drawdown is initially set to zero.
9.2 At the end of each reporting trading period, the MonsTrade Copy Trading system calculates the drawdown for the Investment. The Trader's fee is also calculated and settled at the end of the reporting period.
9.3 If the Investment records a loss at the end of the reporting period, the drawdown increases by the corresponding loss amount.
9.4 If the Investment records a profit and the drawdown at the beginning of the period was zero, the drawdown remains unchanged.
9.4.1 If there was an existing drawdown and the Investment ends the period with a profit that is smaller than the drawdown amount, the drawdown is reduced by the profit amount.
9.5 The drawdown is reset to zero if the profit received during the period is equal to or greater than the previous drawdown value.
9.6 If an Investment remains in drawdown at the end of the reporting period, the Trader's fee is not paid.
9.6.1 If the drawdown is zero, the Trader’s fee becomes payable. In this case, the fee is calculated as: Trader’s fee × (Investment’s profit at the end of the reporting period − drawdown at the beginning of the period, if any)
10. Responsibilities of the Investor and the Trader
10.1 Both Investor and Trader confirm that all information provided during registration as a MonsTrade Client—and in relation to these Regulations—is accurate and truthful.
10.1.1 Investor and Trader confirm that they have read, understood, and accepted all Company policies and fully comprehend the implications of their actions under these Regulations.
10.2 The Trader must monitor the total exposure of open positions within the Strategy and adjust volumes where necessary.
10.3 Investor and Trader must not share platform passwords or Personal Area credentials with third parties and must ensure their security. Any actions performed using login credentials will be considered as performed by the account holder. MonsTrade assumes no responsibility for unauthorized use of login data.
10.4 Investor and Trader are prohibited from:
- Taking on any obligations or responsibilities on behalf of MonsTrade.
- Using the Company’s brand name or trademark without authorization.
- Publishing or contributing to any publications about the Company in media, blogs, forums, or other platforms without the Company’s permission.
- Making any guarantees, statements, or promises relating to payments or obligations on behalf of the Company or using its brand name.
- Performing any actions that may cause reputational, financial, or legal harm to the Company.
- If any claims or legal actions arise due to violations of these Regulations by the Investor or Trader, they agree to compensate the Company for all resulting losses and expenses.
10.5 The Trader must maintain at least 2% of the total Investors’ funds as personal funds within the Strategy. If this requirement is not met, MonsTrade reserves the right to adjust margin requirements for both Trader and Investors. The Company will attempt to notify Clients via email before changes take effect.
11. Investment Liquidation
12.1 MonsTrade reserves the right to liquidate a Strategy if fraudulent activity by the Trader is suspected, with prior notification sent via email.
12.2 The Company may liquidate a Strategy at its sole discretion at any time, without notice and without disclosing the reason.
12.3 A Strategy is automatically closed if its total performance reaches –100%.
12.4 A Strategy will be automatically archived if no trading or non-trading activity occurs for 90 days.
12.4.1 A Strategy will also be archived automatically if there are no funds and no open positions in the account.
12.5 If a Strategy is archived automatically, all Investments subscribed to it will be closed, and any remaining funds will be transferred back to the Investors’ payment accounts.
13. Duration and Amendments
13.1 These Regulations take effect once accepted by the Client and remain in force until the termination of the Customer Agreement with MonsTrade.
13.2 The Client acknowledges that MonsTrade may amend these Regulations at its discretion. Written notice of amendments will be provided at least three (3) calendar days in advance. Changes become effective and binding on the date specified in the notice.
13.3 The following forms of electronic communication are considered valid written notice:
- Notification within the Copy Trading platform
- Announcements on the Company’s website
14.1 MonsTrade does not guarantee returns or profit. Past performance or historical trading results do not guarantee future outcomes.
14.2 MonsTrade bears no responsibility for any personal arrangements, agreements, or promises between Investors and Traders. Any statements promising guaranteed returns, fixed income, or compensations should be considered intentionally misleading.
14.3 Investor and Trader acknowledge that they may incur financial losses, including direct losses or loss of profit, due to risks such as:
- Insufficient trading skills or knowledge on the part of the Trader
- Loss of control over the Strategy by the Trader
- Involvement of unauthorized third parties in Strategy management
- Misinterpretation or misunderstanding of these Regulations
- Late submission of complaints regarding trading operations
- Unforeseen delays in transferring funds between accounts
- Delays in processing deposit/withdrawal requests or account/Investment closure requests
- Strategy liquidation
- Technical or software malfunctions and resulting consequences
- Slippage risks
- Temporary delays in copying positions due to technical limitations or market conditions
- Failure to copy a position if the time interval between order opening and closing on the Trader’s account is shorter than the system’s delay time
14.4 MonsTrade shall not be liable for any consequences arising from the risks listed above
15. Miscellaneous
15.1 Any agreement between MonsTrade and the Client related to these Regulations may be executed via mail, email, fax, or any communication channel that allows verification of the sender’s identity.
15.2 If any provision of these Regulations becomes invalid or unenforceable, the remaining provisions shall remain in full force.
15.3 Definitions provided in relevant regulatory documents available in the Personal Area and on the Company’s website (excluding the Customer Agreement),
1. Definitions provided in relevant regulatory documents available in the Personal Area and on the Company’s website (excluding the Customer Agreement),
2. Definitions in the Customer Agreement.
15.4 MonsTrade shall not be liable for any direct, indirect, incidental, or consequential damages, including loss of business, profit, or reputation. The Company is not responsible for delays or disruptions in the Copy Trading service or communication channels used by the Client, nor for disruptions in communication between MonsTrade’s servers and the Copy Trading service, regardless of the cause—including hardware/software malfunctions or technical failures.
15.5 The yield curve in the Copy Trading service is generated using the Time-Weighted Rate of Return (TWR) method.
The TWR method divides the trading history into segments based on balance operations (deposits or withdrawals). A return is calculated for each segment in which no balance transactions occurred. The total return is the compounded result of all segment returns.
The formula for calculating the return for a single interval is as follows:
“Return = [(Ending Equity ÷ Starting Equity) − 1] × 100%”
where:
- Equity(2) – funds at the end of the interval (before replenishment)
- Equity(1) – funds at the beginning of the interval (before replenishment)
The formula for calculating the total return:
The TWR method divides the trading history into segments based on balance operations (deposits or withdrawals). A return is calculated for each segment in which no balance transactions occurred. The total return is the compounded result of all segment returns.
where:
- Equity(2) – funds at the end of the interval (before replenishment)
- Equity(1) – funds at the beginning of the interval (before replenishment)
- Equity(4) – funds at the end of the next interval (before replenishment)
- Equity(3) – funds at the beginning of the next interval (before replenishment)
15.6Client acknowledges and agrees that the profitability of the investment account may differ from the Strategy’s return since several Strategies with different rates of return can be copied to one investment account, as well as one Strategy that can show different return over different reporting periods.
15.7 The Company reserves the right to change the leverage ratio on the Trader’s account if the total Investor funds within the Strategy exceed 500,000 USD. At the same time, the Company shall strive to notify the Trader of the changes in advance through all available communication channels.
15.8 Complaints shall be accepted by the Company within 3 (three) business days of the dispute arising. The Client accepts and agrees that the Company shall have the right to reject the complaint in the event of late submission. All complaints will be considered within 5 (five) business days of receipt. In some cases, the consideration period may be extended. In the event that the Client’s claim is already being processed, the claim shall be considered closed if the Client does not respond to the Company’s official response within 5 (five) business days.
15.9 The Company reserves the right to modify the Strategy’s Copy ratio parameter on Investors’ accounts in accordance with its own risk management rules.
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