If you are totally new to trading, or are not keen to trade your own accounts, you can consider the option of social trading (also known as copy trading), where you allow your trading account to automatically copy trades from professional traders.
Whatever returns they make in their account, the same trades and returns will be reflected in your account as well.
And the best part is that once you set it up (takes 15 mins at most), it is 100% passive, and does not require any time or effort on your side.
Keen to find out more? Here are the details:
What is MerlionGlobal?
MerlionGlobal (XAU Merlion, MerlionFX) is the brokerage company which provides the infrastructure and social trading platform to execute the trades.
They work with DymonFX, to provide trading services for their clients, by allowing their clients to copy trades from DymonFX.
What is DymonFX?
DymonFX is a proprietary trading company, which provides trading services for clients.
They are the ones who execute the trades, which automatically get copied into your trading account.
DymonFX leverages on methodologies and technologies to collect, organize and process a variant of large, diverse (structured and unstructured) complex sets of data, while predictive analytics are done on these data sets to find patterns and create profitable executions.
The strategy focuses on scalping Forex pairs on trading hours of the day. It takes advantage of the daily price action movement.
The objective is not to make an enormous profit with each individual trade, but rather to make a small profit over multiple trades.
It makes the trading style more manageable and helps to avoid the pitfall of not timing the peak properly and being overexposed and failing to take any profits.
Trades are executed (ENTRY) via AI and positions are managed (EXIT) by traders.
Trades can happen in a day when opportunities arise, however trades might not happen in the day if there’s no high win rate for any forex pairs.
Here are their verified results from myfxbook:
Follow Live Account
If you want to see the daily trading in action, including live trades and account balance, you can log into one of their staff’s account to do so.
This is an actual live account which started with $50,000, and you can monitor its progress over time.
To log in, you will need to use either the MT4 desktop or mobile app.
How to Get Started?
- Open a trading account using this link
- Join this Telegram chatgroup where their support staff can answer any of your questions
- Fund the account using either USD, SGD, USDT
- Instructions for funding and withdrawals can be found in the same Telegram chatgroup
- There are various options, including PayNow, GrabPay, credit card, etc
- Once your account is funded, simply head down to their website, click on “Social Trading”, and select “DymonFX” to follow.
- Start making monthly passive income!
- Bonus: You can refer other people to earn additional passive income!
How Much Can You Earn from Referrals?
Besides earning from copytrading, you also get paid for referring other people, so it’s like another source of passive income.
I noticed there is actually a big leap in payouts from their first tier (introducing broker) to the second tier (senior introducing broker), so if you are looking for the maximum rewards for the least effort, you might want to put in some effort to get to that tier, then you can just lie back and reap the recurring rewards afterwards.
Here is the table of rewards:
To reach the Senior Introducing Broker (SIB) tier, all you need to do is:
- Deposit $3,000 of your own funds for copytrading
- Refer 3 people to join
- Bring in $25,000 of deposits from your direct referrals, eg.
- 5 people each putting $5,000 each, or
- 2 people putting $10,000 plus 1 person putting in $5,000, or
- any other combination adding up to $25,000
Once you reach the SIB tier, it is estimated that you will get about $500 USD of additional monthly passive income. (This is on top of your own copytrading profits, and you get a higher profit-sharing ratio as you climb the tiers as well.)
The best part is that this is recurring and requires no additional work on your part, so it is like you only need to do the work once, and continue to get the passive income.
In addition, if the people you refer continue to top up their AUM, or they in turn refer other people, your passive income will continue to grow.
For example, if the deposits grow from the initial $25,000 to $50,000, then your passive income will grow from $500 a month to $1000 a month.
Lastly, if you continue to actively refer people and reach even higher tiers, the payouts get even better, so you can really accelerate your passive income.
Telegram Support Group
If you have any questions or need instant help troubleshooting, you can join this Telegram chatgroup where their support staff can answer any of your questions.
The minimum to test it out is $1000, so the risk is not very high.
I have personally put in $20,000 to test it out, and the results have been consistent for the past few months.
But as with all investments, there is always a risk, so only put in what you can afford to lose, and remember to diversify your portfolio.
If you are keen to generate an additional source of passive income via this opportunity, you can check them out using this link:
Updates: My Own Live Account!
To see how well it works, I tested it with my own account of US$20,000.
After 6 weeks, I am up US$1,747.50 so far, which gives an average of US$1,163 per month of passive income!
Not bad for not having to spend any time at all!
I will continue to post weekly updates in my free Telegram channel.
Note: This post is sponsored by MerlionGlobal.
For sponsored posts or other marketing opportunities, please contact us at https://synapsetrading.com/partnership-opportunities/
Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.