Elev8 Copy Trading: Fees, Master Trader Commission and How Copying Works

Elev8 runs a copy trading service with two roles. A Master Trader trades their own account and allows others to copy. Copiers subscribe to one or more Masters, and the Master's orders are repeated in proportion on the Copier's side. Money for copying comes from your Wallet, and you can subscribe to an unlimited number of Master Traders at once.

Two costs apply. Elev8's service fee is included in the spread as a mark-up of 0.2 pips. The Master Trader's commission is set by each Master and shown in their statistics. You can unsubscribe at any moment, at which point your invested funds and any profit return to your Wallet.

How to start copying

1. Sign up, verify your profile and top up your Wallet.
2. Browse Master Traders and open their statistics.
3. Subscribe to a Master and press Set up copying.
4. Specify the copying proportion and decide whether to add support funds.
5. Press Start copying; the funds are taken from your Wallet and copying begins.

The copying proportion decides how large your copied trades are compared with the Master's. Support funds are extra money set aside to keep copied positions open through drawdowns. Both settings shape your risk more than the choice of Master does, so set them deliberately.

What to look at before you subscribe

Elev8 tells Copiers to examine a Master Trader's statistics first. It lists the risk score, gain, profit and loss, number of copiers, commission and order history.

Order history is the most revealing. Scroll through it for patterns: many small wins and one enormous loss, positions added as a trade goes wrong, or trades with no stop that sat in loss for weeks. Those are signs of grid or martingale methods, which look smooth until the day they don't.

What copying costs

On one standard lot of EUR/USD, 0.2 pips is $2. A Copier whose share of the Master's trading comes to 10 lots a month pays about $20 in service fees on top of the ordinary spread. Any Master who trades very often costs you more, whatever their results.

The Master's commission is charged at the moment an order is opened, according to the answers Elev8 gives to Masters. Check the commission figure in the Master's stats and make sure you understand what it is a percentage of before you subscribe.

How to stop and withdraw

You can unsubscribe from a Master Trader and stop copying at any moment. When you do, all funds invested with that Master and your profit from copying are credited to your Wallet. Withdrawals are made from the Wallet.

One sentence in the FAQ deserves to be read twice. If you end your subscription at a loss, you don't receive your full initial investment back; the loss is subtracted from it. Copy trading has no capital guarantee. Money allocated to a Master is at risk in exactly the way money in your own trading account is.

How Masters are paid

A look at the Master's side helps you judge incentives. Each Master sets a commission for their Copiers. Elev8 keeps 12% of the commission a Master earns from all Copiers. Its example: a Master charging 20% whose Copiers make $200 profit in a week earns $40, less 12%, for a net $35.20.

Commission is paid to Masters every Sunday at 6:00 p.m. EET, into their Wallet. A Master who changes their commission can only apply the new rate to people who subscribe afterwards. Current Copiers keep the rate they signed up at.

Risks to weigh

• Past results describe the past. A strong quarter says little about the next one.
• Short histories hide the losing streak every method has.
• A copying proportion that is too high turns the Master's normal drawdown into your stop out.
• Frequent trading by the Master raises your costs through the 0.2-pip fee.
• Many followers can mean good marketing as easily as good trading.
• Losses reduce your investment, and no one makes them good.

Leverage on your side matters too. Copied positions use margin from the funds you allocated, and Elev8's negative balance protection limits your loss to what you put in. Our Elev8 leverage guide explains margin, and the fees guide lists the other costs.

A cautious way to begin

1. Allocate a small amount you could lose completely.
2. Pick two or three Masters with different styles and at least several months of history.
3. Set a modest copying proportion on each.
4. Review results weekly, and compare them with the Master's own stats.
5. Unsubscribe from any Master whose drawdown passes the limit you set at the start.

Decide that limit before you subscribe, and write it down. A rule such as stopping at a 20% loss of the allocation is easy to follow in advance and hard to invent while you are watching a position sink.

Copy trading against trading yourself

Copy trading isn't a shortcut around learning. It replaces one hard decision with another. If you want to build your own skill alongside it, open a free demo as described in our Elev8 demo account guide and practise while a small allocation is being copied.

Keep your own log beside the platform's numbers. Note the date you subscribed, the amount allocated, the proportion and the Master's commission. Each week, add the value of the allocation. After two or three months that record shows you plainly whether copying has paid for its costs.

Spread your allocation in time as well as across people. A start with a third of the amount, with more added later if results hold up, protects you from the bad luck of joining a Master just before their worst month.

Frequently asked

Related reading

• Elev8 fees
• Elev8 leverage
• Elev8 withdrawal
• Elev8 platforms
• Our full Elev8 review