Again the available markets will depend on the broker you use to connect. Sure, if you want to trade a forex-related strategy, then you will need a broker that offers forex trading, and likewise on other markets.
Some asset availability will also depend on your location. For example, with Collective2, due to local Australian regulations, only futures and forex are supported for Australian traders, not stocks and options currently.
Execution, leverage and position sizing
Copy and social trading are at the core of C2. This is largely what you can expect from them with a great range of features in that regard, and the ability to engage auto trading on the platform to facilitate your overall experience.
When it comes to other trading features and costs, these will be entirely depending on the broker you use to connect with the C2 platform.
The Collective2 leverage you will have access to depends on the broker you use to connect to the service. Typically maximum leverage can be between 20:1 and 400:1 on major forex pairs. Within the EU, UK, and under ASIC, the maximum leverage on forex is 30:1 because of the regulation.
The only risk management tools you will find available here are the trade scaling percentage, and stop loss.
The trade scale percentage lets you decide exactly how closely you want to follow the strategy.
For example, if you have 100.000$ in your broker account, the Strategy’s current Model Account equity is $50,000 and you want to place half of your account balance with this strategy: so, you would set the scale percentage to 100% or the corresponding amount for less.
Stop loss is commonly used and can allow you to exit a losing position automatically at a certain level set by you.
Platforms & Mobile
As you would expect, C2 has its own proprietary platform that is focused on social and copy trading. It provides a very user-friendly experience that can make it suitable for new and experienced traders alike.
The C2 platform also remains compatible with a good range of third-party platforms. These include WebTrader, NinjaTrader 7 and 8, TradeStation 9.5 and 10, and of course MT4 and MT5.
Remember your trading platform selection will also be based not only on your trading needs but also on what your partnering broker makes available.
Special features you can find on Collective2
While many of the trading features depend on the broker you use to connect with C2, they do have some of their own unique features as detailed below:
The leaderboard is the main area where you can see updates of the trade leader strategies and also define your parameters in searching for traders and strategies to follow. When you have narrowed them down, you can also add them to dedicated watchlists for monitoring.
This is a C2 feature that replicates the actions in your broker account so that they are automatically reflected in your C2 platform for followers. This feature does not work with demo accounts, only live trading accounts.
To set up the broker transmit feature you will need to log into C2, then head over to the Manager Tools section, click on “BrokerTransmit” and “Set up my account” and follow the on-screen prompts. To avail of this feature you also need to have a Premium Trade Leader plan.
This tool allows you as a strategy manager, to configure a third-party platform to transmit your actions and signals to your model account. This is an effective way to gain followers and have trades easily mirrored between their accounts and the C2 platform.
C2 Labs is a place where new projects can be tested and you may have the opportunity to get involved at an early stage on some new features or developments. Here you will find the C2 FireHouse, where you will see real-time buy and sell signals, or “point in time historical data sets”.
These can provide useful indications of past performance over set periods that you may be able to utilize in strategy development.
One of the main core features of Collective2 is AutoTrading. It does what it says and allows you to select a system on the site and have it run automatically on your account.
Once you’ve opened the account or connected your existing broker account with C2 and selected the plan, choose the strategy, and then set up the auto trade to get started.
You will find this within the leading strategies section and be able to access all of the portfolio management information through this feature.
Annual Return (Compounded), Max drawdown, Number of trades, Winning number of trades, Profit factor, Winning number of months, and full performance records should all be available here for your further study.
The results you will find on the website are simulated and hypothetical, and these results do not represent the actual trading results.
The results are calculated based on several presumptions. These include that profits are reinvested, you invested the starting size shown, and that all typical fees are included.
These results are reached using the “Max Drawdown” Calculation Method and are hypothetical because past performance does not guarantee future results. Therefore, future drawdowns may be larger than the historical maximum drawdowns you see on the site, alongside other varying factors.
Social Trading – Copy Trading
This is a key component of C2 and as you would expect, they offer great social and copy trading complete with a detailed selection of strategies, plentiful metrics to examine past performance and connect with the best possible strategy for you.
On the social side, you can participate in freely rating and commenting on strategies through dedicated areas. You can also communicate directly with strategy managers, but if you want to leave a strategy review you must have subscribed to it for at least 30-days.