About a quarter of VARIANSE's cTrader clients now use its built-in copy trading service, the broker said today (Thursday). It also described three strategy providers who each attracted between about $500,000 and $2 million in investor allocations.
The cases show a broker using copy trading to bring in clients. Traders publish strategies, while introducing brokers, educators and trading influencers send their audiences to them.
Spotware, which develops cTrader, runs a separate program that routes leads from its 11 million users to participating CFD brokers.
VARIANSE was founded in 2015 and signed a multi-year sponsorship with Southampton Football Club on September 3. Its copy trading service is offered through VDX Derivatives, regulated by the Financial Services Commission (FSC) of Mauritius.
Fee Models Across Copy Trading Services
Providers on cTrader Copy can charge performance, management and volume-based fees, alone or in combination. Performance fees follow a high-water mark. Investors pay only on new net profits.
Scope Markets launched Scope Copy on MT5 in August with performance fees of 10% to 50% and the same high-water mark protection.
STARTRADER extended its STAR Copy serv...