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A "Leader" is a SyncVestor user, who trades on a Real account while SyncVestor publishes his/her results and statistics publicly through the website. Each trading action performed in the Leader’s account is sent to all SyncVestor accounts in the form of a broadcast signal. Users, who have chosen to follow the Leader ("Investors"), have the trading action automatically executed in their account, residing in their brokerage firm. Since a simple Leader signal is executed by various different Brokers that have different trading interfaces and configurations, trading problems can occur. A possible instance is an orphan trade. An orphan trade is a trade that although it is closed in the Leader’s account, due to a variety of reasons, it may be left open on one or more of the Investors' Real accounts. This incident can lead to different results between the Leader and the Investor- e.g. although the Leader gains, the Investor ends up losing as a result of the trade having closed long after it had been closed in the Leader’s account. However, Leaders have the ability to both monitor and close their Real Investors' positions that are detected as "orphans". Investors can fine-tune and override Leader's signals by configuring their settings in their SyncVestor account portfolio, or even manually.
For Risk Management purposes, SyncVestor may restrict Leaders for being copied by Investors in case they don't follow the Program's Guidelines.
As a Leader trades, their performance and position in the SyncVestor Leaders page will gradually evolve; moving up and down in ranking. All data and information of the Leaders are taken into consideration in order to calculate their place in the ranking. Some decisive factors for the AutoRank are (please note that this list is not exhaustive):
For Our European Performance Page only, the below mentioned factors are also taken into account in order to form the list of the top 2000 Leaders:
The Performance page is updated several times per day, as trades and Leader’s statistics develop.
Performance page also contains visual indicators, helping Investors to identify certain Leader attributes. Most common of which are:
In order to appear in the Leaders page, a Leader must first close 1 position, while a minimum of 8 weeks of trading activity is required in order to appear on the Leaders page for Europe!
A. General Information
Leaders’ compensation differs according to the their Investors account type as well as the Leader's location in order to comply with local regulation.
B. Volume Based Compensation Scheme
Leaders earn for each closed trade executed in a Real Investor account under Volume Based Rules. The 0.5 pip value depends on the lot size executed in the investor’s account, not in the leader’s. For example, the leader opens 1 standard lot and the investor receives 1 lot according to his/her settings, then the leader will get 0.5$. In case that the investor only opens a micro lot, then the leader will get 0.05$. Pip cost varies according to the currency pair traded.
C. Profit Sharing Compensation Scheme (legacy accounts, for reference only)
Leaders get compensated on a monthly basis according to the profits they generate on their Real Investors under Profit Sharing Account Model.
Every time you generate a profitable monthly PnL to a Profit-Sharing Investor, you will be credited a 25% Performance Fee. This Fee will only apply for the amount above High Water Mark (“HWM”). HWM is the maximum profit made by the Leader and it is calculated on the 1st calendar day of each month since the Investor added the Leader to his portfolio.
For each profitable monthly PnL, the Leader will be compensated based on a 50% Payment-Reserve model. More specifically:
50% of the Performance Fee charged is being credited in the Leader’s account. The same amount (50%) is requested from the Reserve bucket. The amount that will be released and credited is limited to the reserved amount generated from previous periods.
50% of the Performance Fee charged is added to the Leader’s Reserve Bucket for next periods.
Each Leader holds one Reserve Bucket for all his Profit Sharing Investors. The Reserve amount is updated on the 1st calendar day of each month based on the profits/losses generated on the Real Investor accounts from the Leader during the previous month.
Case 1: Profitable monthly PnL - Profit above HWM
Investor’s Monthly Performance Fee (20% of the Profit above High Water Mark) is split, as follows:
50% is credited in the Leader’s account
50% is credited from Reserve Bucket (if applicable - see the example below)
50% is placed into the Leader’s Reserve Bucket for future release.
Case 2: Negative monthly PnL
In case of underperforming, the Reserve amount will be deducted by 20% of the generated losses.
Case3: Recovering Losses Period - Profit below HWM
In case of a Recovering Losses Period, the Performance Fee will not apply, yet the Leader’s reserve will be increased by 20% of the generated Profit.
For example:
In June, a Leader makes a profit of $1000 - This will be the HWM. The Investor will be charged 25% (20% for the leader, 5% for SyncVestor) out of the accumulated profit ($1000): $1000 x 25% = $250
Based on the Payment-Reserve Scheme, the 20% for the Leader breaks as follows: 50% of the Performance Fee paid by the Investor will be credited in the Leader’s account immediately: $200 x 50% = $100.
50% of the Performance Fee paid by the Investor will be credited in the Leader’s account from the Reserve (in case there is an available amount). In this example, there is no Reserve.
50% of the Performance Fee paid by the Investor will be reserved in the Leader’s Reserve Bucket: $200 x 50% = $100
Monthly Reserve Amount = $100
Total Reserve Amount = $100
In July, the Leader has a negative month (-$100) – HWM remains $1000.
Performance Fee will not apply for the Investor
The Leader’s Reserve amount will be deducted by 20% of the losing amount: -$100 x 20% = -$20.
Monthly Reserve Amount = -$20
New Total Reserve Amount = $80 (=$100 - $20)
In August, the Leader makes a profit of $500 – New HWM $1400
The first $100 is considered as Recovering Losses Amount (loss generated in July) and the Investor will not be charged any Performance Fee. However, the Leader’s Reserve amount will be refilled again with the amount of $20 (20% x $100).
Performance Fee will apply for the Investor, only for the $400 (amount above new HWM): $400 x 20% = $80.
The Leader will now receive
50% of the Investors' Performance Fee will be credited immediately: $80 x 50% = $40.
50% of the Investors' Performance Fee will be credited from Total Reserve Amount reserved so far: $80 x 50% = $40
50% of the Investors' Performance Fee will be added to Reserve Bucket: $80 x 50% = $40.
Monthly Reserve Amount = +$20 (from Recovering Loss Period) + $40 (placed into Reserve bucket) = $60
New Total Reserve Amount = $100 (=$80 + $20 + $40 - $40)
AutoPay Service for Real Leaders (temporarily deactivated, please request withdrawals manually) Real Leaders may select to receive their total outstanding commissions automatically in their Real Broker account at the 1st business day of each month. To be eligible for the AutoPay Service, Leaders must:
Also please take the following under consideration:
In addition to the above rules for Leaders operating on MT4, MT5, XOH, ActTrader terminals and outside of the SyncVestor web interface, compliance with the following rules is also expected:
Closing partial lots is not supported
Deleting Stop/Limit via EA (updating Stop/Limit from non-zero values to zero via EA) is not supported and related signals will not be broadcast to Investors.
We support trading in Forex, CFDs, Indices, Gold and Silver.
Altering of MT4, MT5, XOH, ActTrader trading records and statistics in any way is strictly prohibited. Closing trades via the 'Close by' type is not supported.
Demo Trading (legacy feature, for reference only)
When trading from a Demo account, please make sure your trading strategy complies with the following restrictions:
There is an upper limit of 50 market and 50 pending orders, as well as a limit of 5000 update signals, permitted to be broadcast to Investors within a 24-hour interval.
Signals to create market/pending orders should have a minimum time interval of 5 seconds from the last one accepted in order to be broadcast to Investors.
Maximum overall number allowed of open - market and pending - orders is limited to 50; any further signals will not be broadcast to Investors.
Please note that none of the above restrictions apply to Leaders operating on a Real Account.
Inappropriate Trading Behaviors
SyncVestor values the safety of its Investors’ capital as an utmost priority. Consequently, Leaders who apply abusive trading behavior, introducing high risks to their Investors, will be examined carefully and if deemed malicious, they will be refused compensation and may be banned from future use of SyncVestor’s services Likewise any attempt to take advantage of their status, extort or even break the communication channel with the community or the company will be deemed as malicious.
In order to avoid extremes, Leaders are required to comply with a minimum set of guidelines that aim to reduce risks, such as:
A Leader's maximum total draw-down should not exceed their profit in currency or pips. This applies once there is an adequate record of Leader's performance (6 months).
SyncVestor is not endorsing a winning trades ratio close to 100%. It is a potentially risky strategy as it may indicate exposure to unusually large drawdowns.
Note that the above thresholds in pips are indicative for basic FX pairs. Please assume equivalent amounts for exotic pairs including XAU, XAG or CFDs.
Market Hours
No trading should be performed outside of SyncVestor's Market
Hours. Market Opens Sunday 22:00 UTC and closes Friday 22:00
UTC. When Eastern time is in daylight saving, market opens
Sunday 21:00 UTC and closes Friday 21:00 UTC.
Recommendations for Effective Strategies
1. Scalping is not Recommended. Due to the combination of different trading policies, configuration and rate feeds of various brokers to whom your Investors may subscribe, scalping is not a recommended manner of sending signals to your Investors. The practice frequently leads to very inconsistent results for different broker accounts.
2. Trading During News Many brokerage firms will often reject trading signals during News announcements that affect the market, resulting in possible discrepancies between the execution in your account and your Leader.
3. Trading with Unrealistic Amounts of Virtual Funds Apart from producing unrealistic trading results, no leader will ever be able to relate with your strategy if your starting balance is extremely high, or you trade huge amounts of lots.
4. Accurate Strategy descriptions Your Strategy description needs to be accurate and descriptive, so that your Investors can be aware of what to anticipate from your trading activity. As unexpected trading behavior is not appreciated by your SyncVestor Investors, any Strategies that are not in accordance with your actual trading behavior will be disapproved, affecting your Compensation or Ranking accordingly.
5. Up-to-date Status Your current Status should always be up to date. Please keep in mind that Investors can request for a Status Update, in which case you will be notified via email and expected to provide a status update as shortly as possible. Awkward silences are not friendly towards your SyncVestor Investors, so please ensure timely updates are provided.
Suspension of a Leader's account may occur in two ways: temporarily as a warning, or permanently, leading to prohibition from using the service. Liability for any consequences from a Leader account getting suspended burdens the account holder.
Temporary Suspension Leaders linked with MT4, MT5, XOH, ActTrader terminals that violate the Compliance Policy Rules, will be automatically disconnected from their accounts. They can try to re-connect after they have reconfigured their strategy according to the suspension reason.
Permanent suspension Inactive Accounts. A Leader account that has been inactive for more than 1 month will be permanently suspended. Leader accounts that receive multiple temporary suspensions.
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