COPY TRADE
FREQUENTLY ASKED QUESTIONS
HOW DO I OPEN A COPY TRADE ACCOUNT?
Once your membership is accepted, you will receive an email with an attached PDF “How to Open your Brokerage Trading Account”.
HOW DO I DEPOSIT FUNDS INTO MY BROKERAGE ACCOUNT?
Once your brokerage account is opened, you will find instructions on how to deposit funds on your broker's website.
DOES ANYONE AT KODA FX HAVE ACCESS TO MY BROKERAGE ACCOUNT?
Koda FX does not have access to your funds, we don't manage your funds, and we will never ask for any passwords to your brokerage accounts.
The Koda FX Group LLC will only have access to our client’s (MT4) Meta Trader 4 terminal. This access allows us to connect our MT4 terminal to our client’s MT4 trading terminal so that the client’s accounts can copy-trade our trades.
Note: The MT4 is a trading platform, The Koda FX Group LLC. cannot transfer funds in or out of the MT4 trading platform, as all things relating to the transferring of funds are done through our client’s Brokerage Account, to which only our clients have access.
We rely on the integrity of our clients to pay us our shares of the profits.
ARE CLIENT ACCOUNTS SEGREGATED?
Yes, all client accounts are segregated accounts: You deposit your funds directly with the broker and your funds remain segregated from The Koda FX Group LLC's designated trading accounts.
WHAT DOES IT COST TO GET STARTED?
There is a one-time set-up fee of $1000.00.
WHAT IS THE MINIMUM AMOUNT OF INVESTMENT?
The minimum investment to join our Copy Trade Program is $25,000.00, which is deposited with your FX broker.
WHAT IS THE MAXIMUM AMOUNT OF INVESTMENT?
The maximum investment deposit is $50,000.00.
WHAT IS THE RETURN ON INVESTMENT?
Note: No one can guarantee a return on investment.
However, based on our past performance, a $25,000.00 account size, our goal is to obtain between $500.00 - $1,000.00 per day.
WHAT IS THE KODA FX GROUP’S COMMISSION OR SHARE OF PROFITS?
All parties agree on a 50/50 split on all earnings gained from the client’s “Copy Trade Account”.
HOW WILL I KNOW THE DAILY, WEEKLY, OR MONTHLY P&L OF MY ACCOUNT?
At the close of each day (5:00 pm Eastern) you will receive a daily confirmation email from your Broker showing the account balance, closed trades, and open trades including floating P/L.
HOW OFTEN CAN I WITHDRAW MY PROFITS?
Profits should be withdrawn monthly. However, there may be times when a client’s account may have open trades. Clients are not able to withdraw from their accounts until all trades are closed. Once all trades are closed, withdrawals can be made.
HOW OFTEN DO I REMIT KODA FX GROUP’S PROFIT SHARES?
Clients agree that all pay-outs will be paid every month within two (2) days of the client withdrawing profits from their forex account. Payments can be paid by PayPal or wire transfer to The Koda FX Group’s designated bank account made payable to The Koda FX Group LLC.
WHAT HAPPENS IF I DON’T REMIT KODA FX GROUP’S SHARE OF THE PROFITS?
The Koda FX Group will disconnect the client’s MT4 platform from the copy-trade program and no future trades will be executed. The Koda FX Group will then pursue all necessary legal remedies under the client agreement to collect its share of the profits.
CAN I TERMINATE THE AGREEMENT?
Yes, there is no obligation to keep an account open. Either party can terminate this agreement at any time. If the agreement is terminated by either party, the client agrees to settle any outstanding profit earnings within 5 days of the termination date.
HOW DO I TERMINATE THE AGREEMENT?
By email, or text message.
WHAT TYPE OF BUSINESS ENTITY IS KODA FX GROUP LLC?
The Koda FX Group LLC is a Delaware Limited Liability Company.
ARE THE TRADERS AT KODA FX GROUP LICENSED TRADERS?
No, none of the traders or representatives of The Koda FX Group LLC are licensed traders. Since our traders don't actually trade our client’s forex accounts, but rather, the client’s accounts “copy trade” our designated trading accounts, our traders are not required to be licensed.