Becoming a Signal is a process that involves several steps and a risk analysis to ensure the quality and reliability of the signals provided.
We explain how the approval process works
1. Complete the signal risk assessment form
To be approved as a Signal user, you'll need to complete the risk assessment form within the app. This form is integrated into the app, so you don't need to submit proof of identity or address.
What does the form include?
Basic information about your trading account.
Risk assessment of your past trades.
2. Review by account managers and the compliance team
Once you complete the form, your application will be reviewed by our account managers and compliance team. During this process, they will evaluate various factors, such as your linked account's trading history and your risk score.
What do they consider when reviewing your application?
Linked account trading history.
Opening account balance.
3. Criteria for Approval as a Signal
There are several key factors that determine whether you will be approved as a Signal:
Initial Account Balance: The initial balance must be greater than $500. Accounts with an initial balance lower than this amount may generate misleading statistics or inflated returns.
Account Activity: You must have traded for at least 6 months with the linked account. If you have more than 6 months of trading with another account, you can submit that information as proof.
Maximum Drawdown: If your maximum drawdown exceeds 55%, you will be automatically hidden.
Trading Frequency: If you don't trade regularly or pause for long periods, you may not be approved. Erratic signals or those with long pauses are less reliable.
Withdrawal: If you have recently withdrawn funds and your account balance is low, this can negatively impact your statistics, similar to a low initial balance.
4. Reasons why you won't be approved
If you aren't approved as a Signal user, we'll send you an email explaining the reasons. Common reasons for not being approved include:
Low initial balance (less than $500).
Lack of trading activity for more than 6 months.
High Max Drawdown (more than 55%).
Inconsistent trading or long pauses between trades.
Low current balance due to recent withdrawals.
5. What to do if you are not approved
If you are not approved, you will receive an explanatory email. We encourage you to consider the following options:
Join as a copier: If you do not meet the criteria, you can continue trading as a copier.
Provide additional trading history: If you have more than 6 months of trading history with another account, you can provide it for re-evaluation.
Conclusion
Becoming a Signal broker can be a great way to share your trades and allow others to copy your strategies. To be approved, you must meet specific criteria, such as:
Have an initial balance above $500.
Trade for at least 6 months with the linked account.
Maintain a controlled drawdown and a consistent trading frequency.
If you aren't approved, you can always submit more tests or consider other options, such as joining as a copier.