Propywise permits traders to engage in copy trading with another Propywise account, a proprietary trading firm, or a retail broker, provided that all involved accounts are owned by the same individual. Traders must designate their Propywise account as the primary (master) account, from which trades are copied to other subsidiary (slave) accounts also owned by them.
However, copy trading across multiple accounts not owned by the same person, including those belonging to relatives, family members, or friends, is strictly forbidden. Additionally, the following activities are also not allowed:
If a significant portion of a trader's transactions mirror those of one or more traders, in terms of parameters such as opening price, closing price, lot size, lot ratio, symbols, etc., Propywise utilizes an automated system to flag such trades. If flagged, the account will be subject to a manual review. If found in violation, Propywise has the authority to close all related accounts.
While traders may use the same Expert Advisor (EA) as others, each trader must configure their EA with unique trading parameters that reflect their individual trading style and account. If traders employ the same EA with identical settings and similar trades are detected among other traders, this will be deemed as copy trading.
If we identify two or more accounts exhibiting highly similar trading patterns and styles, it may indicate that group trading is occurring. In such cases, all related accounts will be immediately closed.
Services such as copy trading, account management, and "pass your challenge" offerings are prohibited. Traders must conduct their trading activities independently.
Non-compliance with any of these rules could result in a formal warning or immediate termination from Propywise, depending on the violation's gravity.
The aim of these copy-trading regulations is to ensure fairness and ethical behavior among all traders, preventing abuse of the system. These rules help sustain an equitable environment for all participants and enhance the integrity of the trading ecosystem. By adhering to these standards, traders can effectively utilize the copy trading system without undermining its integrity.