Anyway, a bit of an update regarding Darwinex. I have decided that I am not going to be trading with them. There are several things about them that make it WORSE for copy traders than eToro. For one, everyone would have to pay a quarterly 20% performance fee. That's quite rich considering that they not only exact spreads that are a bit higher than most ECN brokers but, they also charge commissions on top of that. They also seem to intervene in a trader's trading activity by taking it upon themselves in deeming something as "unsafe" by their standards. That's unacceptable to me. I know what's safe and I cannot have them closing MY copier's trades because some bullshit algorithm deems them as "UNSAFE".
What I am going to do is start another Autotrader account with MyFxbook. Unfortunately it will take at least 2 months for me to be able to be copied on that platform but, I will continue trading here on eToro all the while for the meantime. The really good thing about MyFxbook Autotrader is that only a percentage of the spreads from profitable trades are paid to the trader, meaning that closing trades in profit in a timely manner is something a trader should aim to do. Long term trading will make the actual signal provider make less money, unlike eToro, where people can hold on for ages and still get paid... win, lose or draw :(
Anyway, I shall keep you all informed. Hope you are ALL having a SMASHING start to the month. Miss you all! :) xxx
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