Oct 21, 2020
We at Spotware would like to share the news that given the popularity of cTrader Copy – our leading copy trading service, we have decided to permanently shut down cMirror.
The process will be handled in two stages:
1. Starting November 15th 2020 – in the case of paid strategy followers, cMirror will only copy closing trades, no new positions will be copied. For followers of free strategies – there will be no difference at this stage.
2. Starting December 13th 2020 – the cMirror service will completely cease operation. Any copied positions that remain open after this time will have to be managed by you manually.
We encourage all of you who haven’t done so already, to transition to cTrader Copy – a superior service with extensive benefits for both, strategy providers and followers.
Why cTrader Copy?
An Equity-to-Equity ratio model is built for precision and advanced risk management. The volume to be copied is defined based on the strategy provider’s and investor’s equity, taking into account any allocated amount changes from deposits or withdrawals.
Every followed strategy is placed in a separate copying account, ensuring a clear vision of each strategy’s performance for superior analysis and risk management. Additionally, an Equity Stop Loss can be applied per strategy, and increasing or decreasing funds can be allocated to any strategy of your choosing. For maximum convenience, fees for each copying account are also calculated independently.
As a strategy provider, you are free to charge any fee of your choosing: from volume-based commissions to performance and management fees, as well as a combination of either. You can also set a minimum investment amount for meaningful returns.
Offering some of the most advanced analytics in the industry, cTrader Copy is tailored for your personal advanced analysis. Charts can be adjusted to specific time periods, all important information on Time Weighted RoI, Balance vs. Equity, Breakdown of Traded Symbols and History of Followers has a convenient visual representation, and your favourite strategies can be bookmarked for easier access.
Not only does your cTrader Copy strategy profile allow for a lot of supporting information, granting your investors the full picture, but it also allows you to showcase and promote your strategy on any external website by means of an embeddable code.
The newly-redesigned dashboard displays all your copying accounts with followed strategies, and allows you to modify settings or analyze strategies in a matter of a click, saving time and bringing you one step closer to expert trading.