Suggestion for a Provider

Quoting sanmiguell

Disliked

Hello poeple i want to ask you some suggestions to get a signal provider. I read some websites allow this possibility. But which one do you suggest to me? For you is better a service that pays me on every trade or with a monthly fee for my followers (but maybe they are less...)?

Which service you know pays more than others?

Thank you!

Ignored

Quoting TPOTrader

Disliked

i'm going to give you an unbiased response-even though i'm a signal provider.

There are 3 basic plans for signal provider

1. Per trade commission (fxstat, fxjunction, etc.)
YOu tend to pay the most with this. Since you are paying per trade you follow regardless if it's a win or losing trade. But It's ideal for someone with small accounts I guess.

2. Monthly payment (MQL5 ,etc)
This is the most common plan. I tend to see this in the $100-200 range. Which means if you're trading with $1000 account or less, they better give you 50% gain a month...

Ignored

Quoting sanmiguell

Disliked

Thanks for the answer. But with the last option can born the problem that a provider earnings are not enough, and the followers won't spend for monthly fees?

Ignored

Quoting TPOTrader

Disliked

i think you're saying that the provider wouldn't earn enough if the client's account is small? sorry your english confused me.

IF that's the case-it's true. But i'm speaking purely from the client's point of view here-and what would make the most sense.

This is why performance based fee usually has a minimum account requirement somewhere in the upward of thousands...to make it worthwhile for the provider.

Ignored