The Covesting module allows traders to set up and manage a Strategy and/or Follow another trader's Strategy. A Strategy is a pool of a trader's personal funds which is visible to the public and can be Followed by others. This provides an excellent opportunity for both experienced successful Traders and Followers to greatly boost each other’s profit potential.
Covesting is an excellent opportunity to earn profit for both active traders who wish to manage a Strategy as well as for anybody who wishes to earn a passive profit by following successful Strategies of other traders.
As a trader, you can create and manage your Strategy. Others can Follow your Strategy and automatically replicate your trades on the market. You will then receive a percentage of all profits made by your followers, thus maximizing your profit potential.
Covesting is an excellent opportunity to make passive profit for those who are not able to or do not want to trade personally. By following desired Strategies, you automatically replicate their trades on the market, thus following the trading decisions of experienced and successful traders.
Yes, while managing a Strategy leverage is applied to all trading activity.
Yes, leverage and margin requirements differ between a Strategy trading account and Regular trading account. Detailed information regarding Covesting Strategy leverage and margin requirements can be found here: https://primexbt.com/fees
See our Strategy Quick Start tutorial on how to create a Strategy.
The minimum amount of personal funds required to create a Strategy is 0.01 BTC.
Yes, as a Strategy manager, your Strategy's trading account core statistics become visible to other traders and followers, including Total/Today's profit, Strategy equity, Performance, the amount of followers currently following your Strategy as well as the amount of days your Strategy has been active.
Upon Strategy creation, a Strategy trading account is created. All Strategy trading activity is performed exclusively on the Covesting module 'Trade' page.
A Strategy manager can create and manage only 1 Strategy at a time.
Yes. There is no limit to the amount of consecutive Strategies that can be created.
Yes. When creating a Strategy, a separate Strategy trading account is also created. This means that a trader can manage a Strategy while simultaneously privately trading with his personal trading account.
No. Profit share success fees apply only to Equity from Strategy Followings.
No. Your Strategy's margin is not affected by Followings.
The 'Today's Profit %' indicator reflects the profit of a Strategy since 00:00 UTC of the current day.
See our Following Quick Start tutorial on how to begin Following a Strategy.
The minimum amount of personal funds required to Follow a Strategy is 0.001 BTC.
Yes. Followers can have multiple Followings in multiple Strategies at once.
Profit/loss settlements for Followings occur ONLY once the Following is stopped or the followed Strategy is closed and are transferred to your account Wallet.
If a Following was initiated AFTER the beginning of the current day, the 'Today's Profit %' indicator of a Following may differ. This is due to the fact that a Following is not affected by Strategy trading activity prior to the Following's creation.
No. Equity of each Following is separate from other Followings.. This means that profit share % will be calculated separately for each Following.
No. However you can simply create another Following in the desired Strategy from that Strategy's main page.
Yes. Creating a Strategy also creates a separate Strategy trading account, thus regular trading accounts are not affected.
No. Any bonuses/rewards/discounts active on your personal trading account will not be applied to a Strategy.
Promo codes cannot be applied to a Strategy trading account
Account status turnover based fee discounts do not apply to a Strategy trading account.