Signal Providers FAQ
Tradesbook is a recent innovative service launched by the social analytic network FxStat. The programme transforms successful traders with profitable and verified real account into signal providers, allowing other traders from the FxStat platform the possibility of following their activity.
The providers are compensated for this service through commissions, without having to recruit their clients or make additional efforts, other than usual.
- How can I become a signal provider?
- What are the requirements for becoming a signal provider?
- Can I be a signal provider using my demo account?
- What are the advantages?
- How much money can I earn?
- How do I recruit my followers?
- Do I have to pay to participate in this programme?
- Can I join Tradesbook if I am a consultant, professional money manager or a financial trainer?
- Where can I get more information from?
How can I become a signal provider?
To become a provider you need to have an active verified account on FxStat.com. If you need assistance,
please contact us . Our team will soon contact you and help you with all the details required.
Your account needs to go through a historical trading result test period, during which we will
evaluate your account and trading strategy. We will tell you as soon as we approve your application.
What are the requirements for becoming a signal provider?
First and most important of all, you need to have a real trading account with real money
that you have connected with your FxStat account and can prove that you have a
good performance. To qualify for this programme you need:
1. Minimum of 10-15% annual return on investment in your Forex account.
2. Verified real account
3. Profitable performance during the minimum last 90 days with risk adjusted performance
4. Average pip/trade over 5-10
5. Stop loss set for each trade
6. Due diligence on trading discipline and style
Once you meet our requirements, your name will be published on FxStat Tradesbook list of providers and others can start following you.
Can I be a signal provider using my demo account?
No. That's what makes the difference between FxStat Tradesbook and other websites. There is no possibility of you opening a demo account and then becoming a signal provider. You will not be trading with real money, but your followers will. There is a huge difference
between these two types of trading. On FxStat you must be able to generate profit
on your real trading account first.
What are the advantages?
Generate extra revenue from your strategy by letting other traders following your trades.That's what you get, of course. And why would you refuse the opportunity of doing your
regular activity, without any extra effort, and get paid or it? You let others
take advantage of your success, without having to manage their portfolios.
How much money can I earn?
You will receive a commission of 50% of one pip, per transaction.So, if a trader following 100 of your trades during the month using 1 standard lot per
trade, you will earn $250 from this.
How do I recruit my followers?
You don't have to spend time searching and recruiting your followers. Once you are accepted in
this programme, your account appears on FxStat's list of signal providers. The people who
are interested in this service just choose you from this list and start following you. Of course, the
providers who have the biggest success in trading will attract more followers and so will generate a higher profit.
Do I have to pay to participate in this programme?
FxStat doesn't ask for any money from the signal providers, but acts as an interface between providers and followers. You don't have to pay anything to join the programme or to maintain your membership.
Can I join Tradesbook if I am a consultant, professional money manager or a financial trainer?
There is no problem if you are a consultant or a financial trainer, as long as you meet our basic requirements. We will accept you.