How much to providers make and how do I protect myself?

I have been a fully funded Prop Trader for many years and I am tired of it and ready to try this out but before I do I have a few questions.

1. How do I find out what the best systems are making in terms of followers.?
They show an example of $26,000 a month if you have 250 followers is this realistic? What is the top end and what is the average of the top 10 traders.

2. Is it difficult to attract followers ? If I show a low DD of 20% and average return of 5% monthly what can I expect and how long will it take for people to see my results and want to follow me.?

3. Can I use Oanda and what size live account is best to attract followers. ?

4. I understand I get paid .5 pips from a followers account balance but what is to stop someone from depositing 10k with me here and having a trade copier set up with a larger 100k account and me not seeing any of that $$?

Thank you all very much for your help

I don't think providers make that much really. Most people trading Forex have pretty small accounts and trade something like 0.01 or 0.1 per lot. So if you are making 0.5pips per trade you would need a LOT of followers to make any decent cash. Also, if you have a trade copier and trade other peoples accounts there are a large number of legal issues that need to be addressed.

Wallstreetpro63 posted:
I have been a fully funded Prop Trader for many years and I am tired of it and ready to try this out but before I do I have a few questions.

1. How do I find out what the best systems are making in terms of followers.?
They show an example of $26,000 a month if you have 250 followers is this realistic? What is the top end and what is the average of the top 10 traders.

2. Is it difficult to attract followers ? If I show a low DD of 20% and average return of 5% monthly what can I expect and how long will it take for people to see my results and want to follow me.?

3. Can I use Oanda and what size live account is best to attract followers. ?

4. I understand I get paid .5 pips from a followers account balance but what is to stop someone from depositing 10k with me here and having a trade copier set up with a larger 100k account and me not seeing any of that $$?

Thank you all very much for your help

@Wallstreetpro63
There are different ways to be a provider. But usually you are the one who specify the price. So how much do you get? It depends on you.

Wallstreetpro63 posted:
I have been a fully funded Prop Trader for many years and I am tired of it and ready to try this out but before I do I have a few questions.

1. How do I find out what the best systems are making in terms of followers.?
They show an example of $26,000 a month if you have 250 followers is this realistic? What is the top end and what is the average of the top 10 traders.

2. Is it difficult to attract followers ? If I show a low DD of 20% and average return of 5% monthly what can I expect and how long will it take for people to see my results and want to follow me.?

3. Can I use Oanda and what size live account is best to attract followers. ?

4. I understand I get paid .5 pips from a followers account balance but what is to stop someone from depositing 10k with me here and having a trade copier set up with a larger 100k account and me not seeing any of that $$?

Thank you all very much for your help

Well, I am really confused about the reliability of copy trading service! Because, I tried with many traders but not a good experience! Maybe there have few good traders; but I failed to find them.

Many investors lose money because they keep their investment too long and do not know how to collect benefits at the right time. Another common mistake is getting too excited about the floating profit (winnings on the table) and collecting profits too early, when it is best to stay still. As mentioned above, the best opportunity to avoid these errors is to decide a future date in which you will collect profits and make sure to collect them in advance if your investment reaches a certain yield, which must be at least 300%. If your investment is going up sharply when you reach the profit target, it may be wise to wait until it stops rising like this. With this strategy, you will have a good chance of obtaining an extra profit.

togr posted:

Wallstreetpro63 posted:
I have been a fully funded Prop Trader for many years and I am tired of it and ready to try this out but before I do I have a few questions.

1. How do I find out what the best systems are making in terms of followers.?
They show an example of $26,000 a month if you have 250 followers is this realistic? What is the top end and what is the average of the top 10 traders.

2. Is it difficult to attract followers ? If I show a low DD of 20% and average return of 5% monthly what can I expect and how long will it take for people to see my results and want to follow me.?

3. Can I use Oanda and what size live account is best to attract followers. ?

4. I understand I get paid .5 pips from a followers account balance but what is to stop someone from depositing 10k with me here and having a trade copier set up with a larger 100k account and me not seeing any of that $$?

Thank you all very much for your help

@Wallstreetpro63
There are different ways to be a provider. But usually you are the one who specify the price. So how much do you get? It depends on you.

And depending on this decision, you will see the results. You do not think? I am also confused about reliability, or not so confused if not distrustful. There are many people who are looking for money that does not belong to them.