Hello Deriv Community,
If you’re skilled at trading and interested in expanding your opportunities, becoming a strategy provider on Deriv cTrader could open doors to potential gains. This guide covers everything you need to know to get started.
What is a strategy provider?
A strategy provider is a trader who shares their trading strategies with others. This means users can copy your trades automatically! As a strategy provider, you can earn commissions based on how well your strategies perform and how much trading volume is copied by others. You have the freedom to set your own commission rates, enabling you to potentially profit while helping fellow traders who might not have the time or knowledge to trade themselves. By proving your expertise, you can build a loyal following in the trading community.
Requirements to become a copy trading strategy provider
Anyone with a Deriv cTrader account can become a strategy provider, allowing them to share their experiences and earn fees from other traders. However, only users with hedging accounts are able to offer strategies for copying; netting accounts don’t qualify. Keep in mind that on the Deriv platform, only hedging accounts are supported.
To qualify as a strategy provider, you need to meet a few criteria:
- Maintain a positive account balance.
- Have at least one open position.
- Execute at least one deal within the last 72 hours.
- Achieve an all-time Return on Investment (ROI) higher than -90%.
Steps to Set Up as a Strategy Provider
- Go to your Deriv cTrader account.
- Follow the prompts to set up your strategy provider profile.
- Click ‘Become a Strategy Provider’ to finalize everything.
Remember, you can adjust your strategy settings anytime through the ‘Strategy Settings’ button. If you need to stop sharing your strategy, just click ‘Stop Providing Strategy,’ and you can restart it whenever you want with the ‘Restart Providing Strategy’ option.
Important Note: Strategies that are older than 30 days or that have had no activity for 30 days will be automatically deleted. Keep your strategies active to maintain your presence!
For more information, please visit our Deriv Academy or contact us via Live Chat and WhatsApp.