A "Trader" is a MOYO user, who trades either on a Demo or Real account while MOYO publishes his/her results and statistics publicly through the website. Each trading action performed in the Trader’s account is sent to all MOYO Demo and Real accounts in the form of a broadcast signal.
Users, who have chosen to follow the Trader ("Investors"), have the trading action automatically executed in their account, residing in their brokerage firm. Since a simple Trader 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 Trader’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 Trader and the Investor- e.g. although the Trader gains, the Investor ends up losing as a result of the trade having closed long after it had been closed in the Trader’s account. However, Traders have the ability to both monitor and close their Real Investors' positions that are detected as "orphans".
Investors can fine-tune and override Traders signals by configuring their settings in their MOYO account portfolio, or even manually.
For Risk Management purposes, MOYO may restrict Traders for being copied by Investors in case they don't follow the Program's Guidelines.
Anyone can sign up to become a Trader. To register your Trader account, please click here. You can open up to 10 Trader accounts with the same email address. Competition however is fierce. Traders’ performance is constantly ranked by MOYO's Rank algorithm and the MOYO community, so that only the best ones appear on the top of our lists.
For the European version of our Traders page, competition is even stronger! As per EU legislation, only the top 1000 Traders will be displayed and available to Investors residing with EU, provided that:
Traders may select one of the following Trading Platforms to place their trades:
In MOYO, both Live and Demo Traders are equipped with a fully-fledged Trading Station user interface with technical charts and indicators, along with the ability for Traders to create trading robots by running their own MoyoScripts. In more detail, the in-built Trading Station offers technical charts (Candlesticks, OHLC, Lines), a large variety of Indicators (Trend, Oscillators, Volatility, Volumes, Bill Williams, etc), custom lines/text/objects etc, all inside the Trader account, without the need for any external platform. Therefore as the platform is entirely web-based, the Trader account is shielded against connectivity issues and can run EAs uninterruptedly without the need for a VPS.
MOYO offers its own REST API which enables Traders to submit trading requests straight to their accounts from their own custom program. In other words, instead of logging in to the Trader account to manually open, manage and close trades, Traders can configure their own algorithm to do this for them. Although some basic programming skills are required, a comprehensive step-by-step guide is provided for setting up the MoyoTrading API.
It is possible to link an external live or demo MT4 platform to a Trader account. In this case the Trader account becomes read-only and any trading activity that takes place in the MT4 account is copied over to the MOYO account. The list of brokers compatible with Trader accounts can be found in the Settings tab of the Trader account, or by contacting Support.
MOYO offers Traders trading via MT4 the chance to host their trading strategy for free via MOYO's own VPS service. MOYO supports over 60 Brokers and there is no need to download any platform - the MT4 client of your choice will be pre-installed into your VPS account, and can be accessed via any browser.
The MOYO VPS service is available only for Traders trading via MT4 terminals; there is a limited number of available VPS, so Traders should keep an eye out for the 'Connect to my VPS' button at your Settings tab - it appears only when VPS slots are available.
MOYO VPS is a premium service and as such a fair use policy applies; if it is detected that the VPS service is misused in any way, then usage of the VPS service may be revoked. Typical examples of misuse are:
Please also note that there is a limit of one free MOYO VPS per physical person.
As a Trader trades, their performance and position in the MOYO Performance page will gradually evolve; moving up and down in ranking. All data and information of the Traders are taken into consideration in order to calculate their place in the ranking. Some decisive factors for the MoyoRank 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 1000 Traders:
The Performance page is updated several times per day, as trades and Traders' statistics develop. Performance page also contains visual indicators, helping Investors to identify certain Trader attributes. Most common of which are:
In order to appear in the Traders page, a Trader must first close 1 position, while a minimum of 12 weeks of trading activity is required in order to appear on the Traders page for Europe!
Traders’ compensation differs according to the Account Type of their Real Investors.
Traders earn 0.5 pips per lot, for each closed trade executed in a Real Investor account under Classic Account Model. Pip cost varies according to the currency pair traded, the type of account of the Investor etc.
Traders 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 20% Performance Fee. This Fee will only apply for the amount above High Water Mark (“HWM”). HWM is the maximum profit made by the Trader and it is calculated on the 1st calendar day of each month since the Investor added the Trader to his portfolio.
For each profitable monthly PnL, the Trader will be compensated based on a 50% Payment-Reserve model. More specifically:
Each Trader 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 Trader during the previous month.
Investor’s Monthly Performance Fee (20% of the Profit above High Water Mark) is split, as follows:
In case of underperforming, the Reserve amount will be deducted by 20% of the generated losses.
In case of a Recovering Losses Period, the Performance Fee will not apply, yet the Trader’s reserve will be increased by 20% of the generated Profit.
In June, a Trader makes a profit of $1000 - This will be the HWM. The Investor will be charged 20% out of the accumulated profit ($1000): $1000 x 20% = $200
Based on the Payment-Reserve Scheme, for the Trader
In July, the Trader has a negative month (-$100) – HWM remains $1000.
In August, the Trader makes a profit of $500 – New HWM $1400
MOYO compensates US Traders by a variable monthly membership fee. Monthly compensations for Traders can vary depending on account size and signals generated per month. Please note that MOYO Traders, who are NFA registered as an Introducing Broker (IB), receive half pip per lot for every trade generated in a Live account.
The monthly membership fee is calculated using the following formula:
((Aggregate customer capital following the Trader / Initial Balance) / 100) × Subscription fee
Initial Balance represents the Necessary Minimum Capital required to cover the Trader's maximum recorded historical drawdown. Aggregate customer capital following the Trader, corresponds to the average amount over the monthly period.
Subscription fee is determined by the number of signals generated by the Trader during the month. Below is the schedule used to determine the subscription fee.
Payment requests can include accrued commissions for only the previous month(s), up to the end of the calendar month prior to the request. The current methods of payment for all Traders are via bank wire transfer, PayPal (for amounts up to $3000) and the MOYO Mastercard. Payment Commissions are as follows:
Modest fees may be applied by financial institutions in the case of wire transfers. For more details, please consult your Bank.
Compensation for Real Investor accounts of Japan based Brokers is 0.3 pips per lot executed, due to different trading conditions.
Due to local restrictions, Japanese residents are eligible to register for a Trader account in MOYO, however, no revenues will be generated for their trading activity.
Real Traders 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, Traders must:
Traders may enable the AutoPay service on the Revenue page of their account. On the 1st business day of each calendar month, they will be receiving automatically the accrued commissions of the previous month directly in their trading account. There are no minimum amount requirements nor fees apply if AutoPay is enabled.
Also please take the following under consideration:
When trading from a Demo account, please make sure your trading strategy complies with the following restrictions:
Please note that none of the above restrictions apply to Traders operating on a Real Account.
In addition to the above rules for Traders operating on MT4 terminals and outside of the MOYO web interface, compliance with the following rules is also expected:
MOYO values the safety of its Investors’ capital as an utmost priority. For this reason, Traders 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 MOYO’s services.
In order to avoid extremes, Traders are required to comply with a minimum set of guidelines that aim to reduce risks, such as:
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.
No trading should be performed outside of MOYO'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.
Suspension of a Trader’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 Trader account getting suspended burdens the account holder.
Traders linked with MT4 terminals that violate the Compliance Policy Rules, will be automatically disconnected from their MT4 accounts.
They can try to re-connect after they have reconfigured their strategy according to the suspension reason.