The performance fee in copy trading is a percentage-based fee set and charged by the signal provider, based on the profits generated from their trades in your account. The specific rate can vary between providers and is only applicable when the provider has positive equity.
Performance fees may be calculated per trade, or on a daily, weekly, or monthly basis, depending on the signal provider’s preference. These fees are deducted retrospectively, based on the total aggregate profit achieved, which includes both closed and open positions, and are subject to a high watermark check.
High watermark results may also be affected by current unrealised gains or losses from the provider’s open positions. However, floating PnL is excluded from result calculations when using per-trade intervals.
This fee represents a portion of the profit earned by the provider during the current trading interval. It can be paid either at the end of the interval or immediately after a withdrawal, provided the withdrawal amount exceeds the total deposit amount.
If there are losses in the follower’s account during the current trading interval, no performance fee is paid to the provider. These losses are carried over to the next interval, meaning the provider must recover those losses before being eligible to receive fees. The fee calculation is based on the high watermark concept, applied to each investment individually.

Examples of Performance Fee Calculation: 

1. Per Trade Example: 

Performance fee: 20%
Interval: Per Trade
Trading result mode: High Watermark (HWM)

Steps: 
Trade 1 PnL = $50 → $10 performance fee is paid. High Watermark is set to $50
Trade 2 PnL = -$50 → No fee (equity = $0, which is below the $50 mark)
Trade 3 PnL = $20 → No fee ($20 < $50 HWM)
Trade 4 PnL = $35 → $1 fee paid ($50 + $20 + $35 = $105 → $105 – $100 = $5 → 20% of $5 = $1). High Watermark updated to $55
Trade 5 PnL = -$15 → No fee (equity falls below the updated watermark of $55)

2. Weekly Example:

Performance fee: 10%
Interval: Weekly
Trading result mode: High Watermark

Steps: 
Week 1 PnL = $400 → $40 performance fee is paid
Week 2 PnL = -$200 → No fee (total = $200, below $400 HWM)
Week 3 PnL = $300 → $10 fee paid ($200 + $300 = $500 → $500 – $400 = $100 → 10% of $100 = $10)

Followers can always view their current interval profit values in the Web Portal. This value is the amount from which performance fees are deducted.

The minimum trade size for social trading with Taurex varies depending on the signal provider and the specific trading instruments used.
In general, the minimum lot size is 0.01. If your equity is not sufficient, the trade will not be executed.

To cancel a copy trade, navigate to the “My Portfolio” tab. Click on “Actions”, where you will find the options to “Suspend” or “Unsubscribe”.
If you want to temporarily stop copying your current provider, select “Suspend” to pause copy trading.
To completely unsubscribe from your provider, click on “Unsubscribe”.

The High Watermark refers to the highest value a client’s account has achieved. Performance fees are only applied if the copier continues to generate profits beyond this high point.

Each time the copier earns a profit, the watermark is reset — the profit gained (after deducting the performance fee) becomes the new benchmark.

If the copier incurs a loss, the watermark remains unchanged. Performance fees will only be charged again once the losses are fully recovered and further profit is achieved.

If a copier exceeds the High Watermark but then experiences a loss during the same reporting period, bringing profits below the watermark level, the performance fee will roll over into the next reporting window (e.g., the following day, week, or month). The fee will be applied once the loss is recovered and new profit is made.

In short, profit-sharing only occurs with continuous profit growth, depending on the trading interval — whether per trade, daily, weekly, or monthly — and always on a High Watermark basis.

Additionally, all profits and losses are calculated based on equity, which refers to the total value of a provider’s account, including both used margin and any profits or losses from open positions.

Although hassle-free, social trading is not risk-free, as with any form of trading. Your success depends on the performance of the signal provider and is subject to market fluctuations.
To mitigate risk, it is advised that you review the signal provider’s past performance. However, please note that past performance is not indicative of future results.
Followers can manage trades opened by their signal providers at any time by logging in to their trading account and closing or amending open positions and pending orders.

By checking the Rating section, located under the ‘Social Trading’ tab, you can easily click on “Provider Ratings”, where you’ll find the ratings of each provider based on key metrics such as volatility ratio, Sharpe ratio, recovery factor, maximum profit, and maximum drawdown. All signals are live and updated daily.

Scenario 1:
You already have an approved account with Taurex.

To use your existing funded Taurex account for Social Trading and copy trades, all you have to do is:
1. Click on ‘Social Trading’, which can be found in the right-side tabs under ‘Useful Tools’. Then, click on the Social Trading Area.
2. Once there, you can create your trading account by clicking on Open Trading Account.
3. Ensure you select ‘Social Trading’ as the account type, specify your currency, and choose the ‘Follower’ option.
4. To choose your provider, click on “Select Provider.” If you prefer to subscribe to a specific offer and already know the offer number, you can type it into the search bar and click “Search.” Alternatively, you can select the desired offer by clicking on “Select Offer.”
5. Once you have completed the process, click on ‘Open Account’ and then the ‘Proceed’ button. You will receive your Social Trading account credentials.
6. You can now click on ‘Social Trading Area’ and access your social trading portal using the account you have created.
7. Access ‘My Portfolio’ and you will see your provider’s name listed under ‘Provider’. Click on the provider’s name or the grey arrows.
8. Make sure to fill in the required details and metrics in Provider Filters, Subscription Strategy, Correction, and Risk Management.
9. To activate your subscription, click on “Actions” and then select the appropriate option.

Scenario 2:  
You are new to Taurex and you want to verify, fund, and create a Social Trading account: 

1. Log in to global.mytaurex.com, verify your email address, and upload the required documents in the “My Profile” tab.
2. Once verified, you can fund your account by accessing the “Dashboard” and clicking the Deposit button. You will have the option to choose your preferred funding method.
3. Click on ‘Social Trading’, which will be available on the right-side tabs under ‘Useful Tools’, then click on Social Trading Area.
4. You can create your trading account by clicking on “Open Trading Account.”
5. Ensure you select “Social Trading” as the account type, specify your currency, and choose the “Follower” option.
6. To choose your provider, click on “Select Provider.” If you prefer to subscribe to a specific offer and already know the offer number, you can type it into the search bar and click “Search.” Alternatively, you can select the desired offer by clicking on “Select Offer.”
7. Once you have completed the process, click on ‘Open Account’ and then the ‘Proceed’ button. You will receive your Social Trading account credentials.
8. You can now click on ‘Social Trading Area’ and access your social trading portal using the account you have created.
9. Access ‘My Portfolio’ and you will see your provider’s name listed under ‘Provider’. Click on the provider’s name or the grey arrows.
10. Make sure to fill in the required details and metrics in Provider Filters, Subscription Strategy, Correction, and Risk Management.
11. To activate your subscription, click on “Actions” and then select the appropriate option. 

Further details on subscription metrics:
Provider Filters: This feature allows you to specify the direction of the trades you wish to follow (buy or sell), along with the minimum and maximum lot sizes. 

Subscription Strategy:  

You must choose the Volume Scaling: 

1. Autoscale: The ratio of a copy’s volume to the original volume is equal to the ratio of the follower’s and provider’s Compared values. The result is then multiplied by the Ratio Multiplier.

Example – Autoscale sharing case: 
Subscription Strategy settings:  
Volume scaling: Autoscale
Compared value: Equity
Ratio multiplier: 1

Given:  
Provider’s Equity: 1000 USD
Follower’s Equity: 500 USD
Provider opens trade: buy 1 lot EUR/USD

Result:  
Follower copies the trade as: buy 0.5 lot EUR/USD (500/1000 * 1)

2. Multiply: A copy’s volume is equal to the provider’s original volume multiplied by the Volume Multiplier.

Example – Multiply sharing case:  
Subscription Strategy settings:
Volume scaling: Multiply
Volume multiplier: 3

Given:  
Follower’s balance: 1000 USD
Provider’s balance: 10,000 USD
Provider opens trade: buy 1 lot EUR/USD

Result:  
Follower copies the trade as: buy 3 lots EUR/USD
Attention: The volume of a copy will be multiplied by the Volume Multiplier. Your trades will be copied and multiplied based on the provider’s trade volumes. 

3. Lots Proportion: Volumes of copies depend on the follower account’s current equity. This copy type allows the follower to control the risk entirely from their side. It does not depend on the provider’s equity, balance, or trade volume.

Copied volume = Volume per step × int(Follower Equity / Lots step) 

The follower defines how much volume should be copied for each “step” of their own equity. The system calculates how many full steps fit into the follower’s equity and multiplies that number by the defined volume per step.

Example – Lots Proportion sharing case:  
Provider opens 0.5 lot EURUSD.

Case 1 
Follower equity = $1,000
Volume per step = 0.01
Lots step = $1,000
Copied volume = 0.01 × int(1,000 / 1,000) = 0.01 × 1 = 0.01 lot

Case 2 
Follower equity = $54,693
Volume per step = 0.01
Lots step = $1,000
Copied volume = 0.01 × int(54,693 / 1,000) = 0.01 × 54 = 0.54 lot

Case 3 
Follower equity = $100,000
Volume per step = 0.01
Lots step = $1,000
Copied volume = 0.01 × int(100,000 / 1,000) = 0.01 × 100 = 1 lot

4. Fixed: Volumes of copies are fixed. When the provider opens a trade of any volume, it is copied to the follower’s account with the predefined volume.

Example – Fixed sharing case:  
Subscription Strategy settings:  
Volume scaling: Fixed
Copies’ volumes: 2 (lots)

Given:  
Follower’s balance: 1000 USD
Provider opens trade: buy 1 lot EUR/USD

Result:  
Follower copies the trade as: buy 2 lots EUR/USD

Make sure to configure your preferred parameters for the ratios and directions. You can also set a correction limit, which defines the maximum volume to be copied, as well as a risk management parameter to specify acceptable risks. After adjusting these settings, save your preferences and click the red button labelled “Actions” to activate your subscription.

Manual trading involves conducting your own research and analysis to make trading decisions. In contrast, social trading allows you to automatically replicate the trades of experienced traders (signal providers) in real time. When a signal provider places a trade, the same trade is executed in your account—offering a convenient way to follow successful traders without needing to monitor the markets constantly.

Social Trading Taurex transforms trading into a dynamic learning experience. You gain free access to a global community of like-minded traders who actively share powerful trading insights. It’s an engaging way to improve your trading knowledge while potentially enhancing your portfolio’s performance.

Social Trading Taurex enables you to follow the strategies of signal providers whose trading style aligns with your own, and to copy their trades in real time using our transparent, user-friendly platform. You can choose providers based on their performance, while maintaining full control over your trading decisions.
This service is not limited to beginners—anyone seeking diversification, greater time efficiency, or a reduction in manual trading activity may find it valuable. By replicating high-performing strategies in real time, you can diversify your trading portfolio with ease.