Main section of Coinmatics website: Signal Providers
Signal providers is the main section of our website. It contains a ranking of traders based on the profitability of their deals. The best of these traders gain subscribers following their strategies and providing them with an additional income.
How do the statistics form?
Once a trader adds a portfolio, the stats collection is conducted via an API-key’s data received from an exchange. Traders with the best results hold top positions of the rating.
All trading information is open and available for checking (signal history, trading pairs, asset allocation tabs).
The ranking contains information regarding traders’ exchanges, total and average profits, number of deals (signals), basic currencies. A trader can also add a short description of using strategy.
Average profit means an average value over the whole period; Total profit means a profit which a trader has made so far.
How do you turn it into money?
We provide an opportunity to subscribe for a strategy of a trader from our rating.
The service is implemented in two options: manual and automatic.
If traders sign up for manual copy trading, they receive Telegram notifications for a fixed price per month defined by any copied trader individually. If automatic copy trading is chosen, the deals are copied automatically via an API.
Once a trader signs up for auto-trading, the purses of copying and copied traders are automatically synchronized, currency pairs are leveled.
The deals are copied proportionally, and the trading volumes of subscribers can exceed one of a copied trader. Thus, the profits made on subscriptions can exceed one made off trading itself.
How is a commission fee charged for auto-trading determined?
Traders establish the size of the fee for the subscription for their strategy on their own. The profitable deals are charged. The platform revives 5% of any fee. For instance, a trader sets up a 10% fee. Copying the deals of the trader, a subscriber has earned $1000. $100 out of these $1000 go to the trader, who, in turn, pays us 5% of these $100, which is 5$.
We’ve created an inner wallet on our website for the fee operations. A subscriber deposits to it for paying the fee, while a trader uses it to withdraw the assets made on subscriptions. It is so because we have no access to users’ exchange wallets — API-keys enables us only to track and copy deals. Therefore, our service is transparent and safe.
