Preventing churning of accounts by provider by enforcing minimum balance

Athena
11 Mar 2021, 00:36 ( Updated at: 21 Dec 2023, 09:22 )

RE: Disallow Provider to start with a balance below minimum stated on his/her strategy

In addition, I realised that I cant withdraw till below minimum investment amount unless i stop copying. Since this is the case

1) Provider should not be allowed to withdraw below minimum investment amount at any point

2) Provider should not have a balance BELOW his/her stated minimum investment. It wont make reasonable proportionate ratio if provider has eg $100 and stated a minimum investment of $200, thus forcing an investor to invest MORE than his/her own starting balance. Preventing this will forced any provider to decide carefully on the minimum to be invested into the strategy "putting his/her money to match his/her strategy"

This request is to ensure that BOTH provider and subscriber have the SAME investment condition during withdrawal and during trading

https://ct.icmarkets.com/copy/strategy/20490

The provider stated minimum invested amount of $250, charged a 25% performance fees and also $25/$million USD volume fee. Notice that balance was $315.8. All of a sudden followed by at least 50 or so trades all closed within less than 1 min and balance for 1st lost trade went to $4.91. This meant that provider purposely withdraw his funds to  about $5, quickly started to fire off loads of trades and make sure closed them within 1min. This then created an imbalance into subscriber's acct creating huge lots into subscriber who had the minimum of $250 (as was stated)

This is obvious churning of accounts

SUGGESTION: Spotware should check and disallow provider to WITHDRAW more than the his/her own stated minimum balance so that to remain proportionate and appropriate for his/her own strategy. This will also reduce this kind of churning behavior so that provider realised he also had something more to lose

At point at which a subscriber followed/copy a strategy ctrader copy logic will check and disallow if subscriber has LESS than whats stated as minimum, as well as alert the subscriber if he/she has lesser leverage than provider. This should be reciprocal applied to provider too block withdrawal below his/her own stated minimum investment amt