Best OTC Stock Broker For Day Trading for 2024 - TOP 5

Best OTC Stock Broker for day trading: Investment Programs

Earning passive income is just as important for traders as earning profit by actively trading. Therefore, it is important to consider investment instruments offered by the company. There are different investment programs and their choice strongly depends on a specific broker. TU analysts have prepared a review of investment programs of the 5 best brokers.

1

RoboForex - Investment Programs

Investment Programs, Available Markets and Products of the Broker

RoboForex is the ideal broker for those looking to invest their money in the Forex market. This company has everything to earn a stable income — from professional analytics to technical functionality and optimal trading conditions. It is especially worth noting its investment program like RoboForex CopyFx which allows you to receive passive income without doing anything. According to customer reviews, RoboForex is the most popular brokerage company.

RoboForex CopyFx is a service for copying deals

RoboForex CopyFx is a passive investment option that involves connecting an investor's account to a professional trader's account and then copying his transactions. In this case, all trader's transactions are automatically opened on the investor's account. A specific trader's commission is deducted from the investor's profit in case of a successful transaction. The entire service is fully automated which minimizes your work to almost 0%. Learn More about CopyFX From RoboForex

CopyFX at RoboForex - how to choose a trader | Firsthand experience of Oleg Tkachenko

The minimum deposit is only $100, so everyone can test the waters. Having started working, the investor gets access to professional traders' ratings, which indicates the period of the account's existence, profitability, maximum drawdown level, and other statistics. Also, the investor can contact the trader directly.

An investor can connect to an unlimited number of traders, provided that his deposit can withstand such a load. Such diversification of risks makes it possible to form a full-fledged investment portfolio from traders' transactions.

An investor can disconnect from a trader at any time if he doesn't like something in his trading methods. It is a serious tool for protecting a deposit from RoboForex, which not all brokerage companies provide.

Separately, it should be noted that any person can simultaneously act as both an investor and a trader. All statistics on the effectiveness of copying transactions are displayed in the client's account.

Algorithm of working with the CopyFx copy trading platform:

• Once you register and pass verification, open a trading account. Investors can open any account, except for accounts with the MT5 and R StocksTrader platforms. Traders planning to provide signals open a separate account by choosing Open FxCopy Trader Account.

• In the Investment menu, open MT4 Trader Rating. Traders must meet minimum requirements of the broker in order to be included in the rating, such as the number of trades, the number of days the account has been active, and profitability. You will need to contact Customer support to learn about specific requirements.

• You will see main criteria in the list of traders: maximum drawdown, number of copy traders, profitability, account existence period, etc.

• Click on the profile of each trader to view trading statistics. You can activate the copy trading option in the profile of the trader you’d like to copy.

Copy trading is available on real accounts, subject to the deposit in the amount higher than the one specified in the trader’s profile. You can disconnect from a trader’s account at any time.

How to start investing in copy trading with RoboForex | Firsthand experience of Oleg Tkachenko

RoboForex affiliate program

It is not necessary to be familiar with trading to make money with RoboForex. Attract customers and earn up to 50% of the company's income. It works like this:

• You register as a partner, after which you receive information materials for posting on your website/blog, forums, or social networks. You also get a referral link.

• The person follows your referral link and deposits capital in his account.

• The broker receives the spread and credits a part of his profit to the partner's account in the referral trades.

Also, each partner can participate in the loyalty program with the possibility of receiving up to 20% additional partner remuneration every month.

Depending on the chosen partnership program and account type, the total amount of partner rewards can exceed 50% of the fees paid by the referral. For example, on Affiliate accounts, rewards are up to 70%. Taking into account the general fee of the VIP program with the loyalty reward, the total rewards of a partner could be as high as 84%.

2

HFM - Investment Programs

Investment Programs, Available Markets and Products of the Broker

The HFM platform offers its clients options in investment trading to make trades on their own. Traders can also earn additional income by copying trades. It is also possible for HFM traders to invest in PAMM accounts.

Option for auto-copying deals

HFM’s service of automatic copying of trade operations allows providers of trading strategies to invite other traders to copy their trade strategies.

• To participate in this option, the minimum deposit is $500 for a strategy provider and $100 for a subscriber.

• Forex currency, bitcoin, and gold are among the available trading assets for automatic copy trading.

• The maximum leverage is 1:400, and the minimum trading volume is 0.01 lot.

• The number of traders from whom a subscriber can copy trades is unlimited. This allows copy traders an opportunity to form their own portfolio while also diversifying their overall risk.

• Copying speed takes a few milliseconds, which is beneficial for efficiency while also reducing risks and errors.

All of this provides traders — both suppliers and subscribers — the opportunity to ear profits using their preferred trading strategy.

Using PAMM as an investment program

Investing in a PAMM account allows traders to generate profits on the foreign exchange market without initiating your own trades. Furthermore, the program provides additional opportunities to generate earnings for professional traders who want to try their hand at becoming managers.

Features of the HFM PAMM system

• The minimum deposit is $250. This is a relatively small amount for PAMM accounts, which allows everyone to try this investment option;

• The maximum leverage is 1:300 and the spread starts from 0.3 pips;

• A wide assortment of trading instruments is available such as Forex, metals, oil, and various indices.

• Investors can invest in several PAMM accounts simultaneously, allowing investors to diversify their risk.

• Conveniently, traders who act as fund managers can manage multiple accounts simultaneously.

The Trader Union website provides trader ratings thereby enabling investors to be able to choose a manager that is optimal for the trader’s trading strategy.

HFM affiliate program

• Affiliate Partners and Introducing Brokers (IB) program is available to organizations and individuals around the world. It provides for making a profit in the form of a reward for attracting new customers to the broker. Under the terms of agreement, the company provides support by assigning a manager to each introduced broker. Also, the broker can assist in performing calculations, provide the necessary software, and guarantee a high level of service.

• Regional representative positions are available for trading professionals who help promote HFM at a regional level. These trading professionals will take on the responsibilities of managing an office in the region, while providing brokerage services on behalf of HFM.

• HFN’s White Label program is especially geared towards financial institutions and consulting firms. This program makes it possible to provide services under its own brand while enabling individual partnerships.

3

Interactive Brokers - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Interactive Brokers casts itself as an investment center, but there are no programs customary to novice investors like PAMM accounts, transactions copying services. Investments are possible by investing in stocks, bonds, and ETFs, earning dividends from them, or subsequent sales at a higher price. The broker offers a portfolio constructor based on a variety of parameters to create an optimal portfolio. Investors also have access to investments in over 34 thousand mutual funds. Big business professionals can invest in hedge funds.

Interactive Brokers affiliate program

Commercial referral program. The partner's challenge is to attract new customers using a unique link, and the partner shall get a fixed amount of $200 for each client attracted.

Referral program with extras. The partner's challenge is the same as in the commercial referral program. The only difference is that now the referrer (partner) gets a percentage of the trading commission that the client invited pays to the broker. Payments are made for 3 years.

There is no need to be a client of Interactive Brokers or be an active trader to participate in the affiliate programs. It is enough to meet the broker's requirements for partners.

4

SoFi Invest - Investment Programs

Investment Programs, Available Markets, and Products of the Broker

SoFi Invest offers asset management services called “Automated Investing”. Investors are connected to the service for free, but they pay basic commissions and expenses for ETF funds.

Automated Investing via robo-consultants without human intervention

A client who wants to invest in stock market instruments informs SoFi Invest of his investment goals and based on that the broker constructs a diversified portfolio. It consists of a wide range of risk mitigation assets. The investor does not need to monitor the market: Automated Investing uses computer algorithms to provide financial advice and manage portfolios.

The main principles of automated investing from SoFi Invest are:

• The broker does not charge any fees for consulting services or asset portfolio management.

• Portfolios are automatically rebalanced quarterly and during market fluctuations. The adjustment of securities is performed by a robotic program.

• There is no minimum amount to start investing. You can invest from 1 USD.

Connecting to the automated investment platform makes it possible to invest money without transferring it to active management. Moreover, such a decision is a way to avoid the occurrence of possible human errors when making an investment decision.

SoFi Invest affiliate program

• Referral program — a partner can receive up to $10,000 per year. The amount of remuneration depends on the recommended service and the number of connected referrals.

A partner can generate referral links with recommendations for personal and student loans, investment products, obtaining a credit card, and opening cash accounts. This offer is not available to customers in Ohio, Michigan, or Vermont.

5

CapTrader - Investment Programs

Investment Programs, Available Markets and Products of the Broker

CapTrader offers solutions not only to traders, but only to investors. Specifically, the company’s clients can use managed accounts (MAM). The company offers MAM accounts to investors with different risk levels, minimum investment amount, types of used assets and trading instruments, etc. The clients of the company are also awarded additional bonuses through referring new traders.

MAM accounts – passive income solutions

CapTrader offers its clients investment accounts managed by the company’s specialists. They are available to all broker’s clients, who deposit the required minimum amount. There are two types of MAM accounts on the platform:

• Rating A. The minimum investment amount for opening this type of trading account is EUR 10,000. The expected return on this account type is 10-20% per annum. The key instruments to earn the return are options, benchmark – EuroStoxx 50. This type of MAM account has been available since 2011.

• WHITE². The minimum investment amount for this type of trading account is EUR 20,000. The expected return is 10-20% per annum. The key instruments to earn the return are options, stocks, ETFs.  Benchmark – S&P 500. This type of MAM account has been active since 2017.

The clients get direct access to positions and trades via the trading platform. The commission on MAM accounts ranges from 10% to 20% of the return depending on the risk level chosen by you.

CapTrader’s partnership program

• CapTrader partnership program envisages financial bonuses for referring new clients to the platform. In order to participate in the program, a trader needs to fill out and submit a corresponding application.

According to the conditions of the program, a client is considered referred once he/she registers and funds the account. If the referral deposited EUR 2,000 to the account, the user who referred him/her will be credited EUR 74. For deposit amounts from EUR 2,000 to EUR 25,000, the premium is EUR 150. If the initial deposit exceeds EUR 25,000, the user who referred the new client will be awarded EUR 250.