FAQ’s
Welcome to the ETG FX frequently asked question page, where you can find more information about our service. If you can’t find an answer to your question here, then contact ETG FX for a quick response.
WHAT IS THE MINIMUM AMOUNT I CAN START WITH?
The minimum starting capital on our Trade Copier is £500 GBP.
CAN I USE MY OWN BROKER?
All accounts using out Trade Copier must use our broker. It’s vitally important that every trade is executed at exactly the same price, and with the same costing structure – impossible if using varying brokers.
WHAT BROKER DO YOU USE?
We use Vantage FX. Regulated by FCA, CIMA and ASIC, they not only offer our clients excellent low spreads, but their customer service is second to none.
WILL I BE LOCKED IN TO A CONTRACT WITH FEES AND TIE IN PERIOD?
The simple answer to this is NO.
There are absolutely no tie-ins or contracts. If you decide to leave on the service, you contact us and we will disconnect the trade copier software immediately.
WHERE DOES MY MONEY GO?
Your funds stay in your own trading account for the entirety of your time with us. You and only you will have access to make deposits and withdrawals.
CAN I ADD TO MY ACCOUNT?
Yes you can, and indeed many clients do add to their accounts, either weekly, monthly, or at sporadic times to suit your individual circumstances.
WHAT IF I NEED TO WITHDRAW MY FUNDS URGENTLY?
Your funds are only ever 48 hours away.
If you need to withdraw some or all of your funds, just make the request via your personal secure broker portal, and the funds will be credited back to your bank account or credit/debit card within 24 to 48 hours.
HOW MUCH COULD I REALISTICALLY EARN?
Each time a new client comes on board, we liaise with them and discuss what they would like to gain from their investment. Depending on the answers given, the parameters for the individual account is set. As with any type of investing, the amount gained is directly proportionate to the amount risked.
HOW MUCH OF MY CAPITAL COULD I LOSE?
Here at ETG FX, risk management is paramount.
Each and every trade we take is carefully analysed before entry, and lot size is always calculated accordingly.
On a default parameter, approximately 1% of your balance will be risked on 1 trade.
CAN I CHOOSE TO RISK MORE OF MY CAPITAL?
Yes.
Our Trade Copier software has parameters which can be set depending on your requirements. One of these is the ‘Risk Ratio’. For each 1% we risk, you can choose to multiply that risk for your own account. For example, if you choose a risk ratio of 3, for every 1% we risk, your account will risk 3%.
CAN I STIPULATE A LOSS CUT OFF?
Yes.
We send out paperwork for you to sign. One of the questions is how far you are happy for the balance to fall before we stop trading it
HOW MUCH DOES THE TRADE COPIER COST?
Set-up fees = zero
Monthly subscription = zero
Performance fee = 30% of profits made in the month
IS THE PERFORMANCE FEE AUTOMATICALLY TAKE OUT OF MY ACCOUNT?
No.
No one except the account holder has the ability to withdraw money from your account.