[{"data":1,"prerenderedAt":1016},["ShallowReactive",2],{"\u002Fglossary\u002Fwhat-is-third-party-verification":3,"\u002Fglossary\u002Fwhat-is-third-party-verification-related":231},{"id":4,"title":5,"body":6,"category":215,"date":216,"description":217,"draft":218,"extension":219,"meta":220,"navigation":218,"path":221,"related":222,"seo":227,"stem":228,"term":229,"updated":216,"__hash__":230},"glossary\u002F5.glossary\u002Fwhat-is-third-party-verification.md","What Is Third-Party Verification in Trading?",{"type":7,"value":8,"toc":207},"minimark",[9,13,18,21,32,41,48,54,57,61,74,82,86,102,113,117,131,146,168,172,200],[10,11,12],"p",{},"Third-party verification is an arrangement where an independent platform reads trading results directly from the broker, over a path that carries data one way, so the published record has no step at which the trader could edit it. The trader supplies access, not data. That single distinction separates evidence from a claim, and it is the whole of what verification does.",[14,15,17],"h2",{"id":16},"how-it-works","How it works",[10,19,20],{},"The chain has three links and one rule.",[22,23,28],"pre",{"className":24,"code":26,"language":27},[25],"language-text","broker server → independent read path → tracking platform → public page\n                          ↑\n              the trader can revoke this, but never edit it\n","text",[29,30,26],"code",{"__ignoreMap":31},"",[10,33,34,35,40],{},"The connection is not the same on every platform. On MetaTrader it is the ",[36,37,39],"a",{"href":38},"\u002Fglossary\u002Fwhat-is-an-mt4-investor-password","investor password",", a second credential the broker issues that can read balance, equity and full closed history but cannot open, modify or close a position — read-only by construction. On cTrader it is an OAuth2 authorisation granted through the trader's own cTrader ID, withdrawable whenever the trader chooses. On TradeLocker it is a REST connection whose credentials are held encrypted server-side and used only to read. What the three have in common is the part that matters: the record is read from the broker, and the trader has no step at which they can edit it.",[10,42,43],{},[44,45],"img",{"alt":46,"src":47},"Four read-only connections: MT4 and MT5 by investor password, cTrader by OAuth, TradeLocker by REST API with credentials encrypted server-side","\u002Fimages\u002Farticles\u002Ffour-platforms.svg",[10,49,50],{},[51,52,53],"em",{},"Different credentials, one property in common: none of them can send an order.",[10,55,56],{},"Two separate questions hide inside the phrase, and they need two separate answers. Whether the data is real is settled by the connection. Whether the publisher is the person who traded it is not — an investor password can be handed to anyone — so proving ownership requires an action only a full-access holder can perform inside the platform.",[14,58,60],{"id":59},"why-it-matters","Why it matters",[10,62,63,64,68,69,73],{},"Everything downstream of the connection is arithmetic on the inputs. If the inputs are editable, the profit factor, the ",[36,65,67],{"href":66},"\u002Fglossary\u002Fwhat-is-drawdown","drawdown"," and the equity curve are decoration, however detailed the page looks. Screenshots, PDF statements and spreadsheets share one defect: ",[36,70,72],{"href":71},"\u002Fguides\u002Fverified-vs-unverified-track-records","they are produced by the party asking to be trusted",".",[10,75,76,77,81],{},"What verification does not prove is equally definite. It says nothing about skill, nothing about whether the strategy survives the next regime, nothing about the other accounts the same person runs and did not publish, and nothing about whether the record is worth ",[36,78,80],{"href":79},"\u002Fglossary\u002Fwhat-is-copy-trading","copying",". It removes a specific set of lies from the table so that the uncertainty left over is honest uncertainty. That is a real service and a narrow one.",[14,83,85],{"id":84},"what-the-data-shows","What the data shows",[10,87,88,89,93,94,97,98,101],{},"The figures below describe accounts published on ShowMyTrades, not traders in general. ",[90,91,92],"strong",{},"10,000+ accounts are connected"," here (August 2026), resting on ",[90,95,96],{},"15,436,464 synchronised trades"," across ",[90,99,100],{},"703 distinct broker servers",". That is the volume of data the question applies to.",[10,103,104,105,108,109,112],{},"Against it, ",[90,106,107],{},"65 published accounts carry Track Record Verified"," and ",[90,110,111],{},"264 carry Trading Privileges Verified",". The distance between those two counts is the informative part: proving you can trade an account is a cheaper action than opening an independent read path into it, and it is the read path that decides whether the numbers are evidence. Roughly three published pages in a hundred carry that badge, so \"where did this data come from\" gets a different answer on almost every page you open.",[14,114,116],{"id":115},"where-you-see-it-on-showmytrades","Where you see it on ShowMyTrades",[10,118,119,120,126,127,130],{},"Which mechanism verified a page is written on the page itself. The ",[90,121,122],{},[36,123,125],{"href":124},"\u002Fglossary\u002Fwhat-is-a-verified-track-record","Track Record"," badge in the account header carries a tooltip naming the path used for that account — the read-only investor password on MT4 and MT5, the cTrader Open API authorisation on cTrader. The ",[90,128,129],{},"Trading Privileges"," badge names its own: on MetaTrader, a pending order placed with the owner's ShowMyTrades user ID in the comment field, an action only a full-access holder can perform. Read both tooltips and you know which of the two questions above the page has answered.",[10,132,133,134,137,138,141,142,145],{},"Next to them, the ",[51,135,136],{},"Info"," group of the same header prints the ",[90,139,140],{},"platform",", the ",[90,143,144],{},"broker"," with its trade server behind the tooltip, the account currency, the leverage and whether the account trades manually or automatically. None of that is typed in by the owner; it arrives with the feed, which makes it the quickest cross-check against whatever the page claims in words.",[10,147,148,149,152,153,156,157,160,161,167],{},"Everything below the header — ",[90,150,151],{},"Account Stats",", the charts viewer, ",[90,154,155],{},"Monthly Returns",", ",[90,158,159],{},"Advanced Statistics",", the trades table — is arithmetic on that same feed, and the header travels with the ",[90,162,163],{},[36,164,166],{"href":165},"\u002Fguides\u002Ftrading-widgets-and-embeds","Complete Dashboard"," widget, so an embed on someone else's site carries its provenance rather than borrowing the host's.",[14,169,171],{"id":170},"common-misunderstandings","Common misunderstandings",[173,174,175,182,188,194],"ul",{},[176,177,178,181],"li",{},[90,179,180],{},"Read-only describes the data path, not your money."," An investor password cannot place, modify or close an order, and a verified feed gives the platform no ability to trade the account it reads.",[176,183,184,187],{},[90,185,186],{},"Verification is a live state, not a stamp."," Revoke the credential and the feed stops and the badge turns grey. It attests to a connection that is open now, not to a claim made once.",[176,189,190,193],{},[90,191,192],{},"The two badges answer different questions."," Provenance and ownership are separate problems, and a page can settle one without settling the other — 264 against 65 is what that looks like at scale.",[176,195,196,199],{},[90,197,198],{},"Nothing about the strategy is certified."," What remains after verification is genuine uncertainty about method, regime and sample size, and it is still the larger part of the decision.",[10,201,202,203,73],{},"The full treatment — what each badge establishes, and the four things neither can prove — is in ",[36,204,206],{"href":205},"\u002Fguides\u002Fthird-party-verification-explained","what third-party verification actually proves",{"title":31,"searchDepth":208,"depth":208,"links":209},2,[210,211,212,213,214],{"id":16,"depth":208,"text":17},{"id":59,"depth":208,"text":60},{"id":84,"depth":208,"text":85},{"id":115,"depth":208,"text":116},{"id":170,"depth":208,"text":171},"Verification","2026-08-19T00:00:00.000Z","Third-party verification means an independent party reads the results straight from the broker, and the trader has no step where they can edit the record.",true,"md",{},"\u002Fglossary\u002Fwhat-is-third-party-verification",[223,224,225,226],"what-is-a-verified-track-record","what-is-an-mt4-investor-password","what-is-myfxbook","what-is-copy-trading",{"title":5,"description":217},"5.glossary\u002Fwhat-is-third-party-verification","Third-Party Verification","7uukXYP-rYIBVYNmit2aCt9mQPDa_HDPRNRavt-V9jk",[232,413,572,828],{"id":233,"title":234,"body":235,"category":215,"date":216,"description":404,"draft":405,"extension":219,"meta":406,"navigation":218,"path":124,"related":407,"seo":409,"stem":410,"term":411,"updated":216,"__hash__":412},"glossary\u002F5.glossary\u002Fwhat-is-a-verified-track-record.md","What Is a Verified Track Record? Definition and Checks",{"type":7,"value":236,"toc":397},[237,240,242,263,269,272,278,283,285,296,299,301,310,326,328,348,358,360,390],[10,238,239],{},"A verified track record is a record of trading results that arrives directly from the broker through a read-only connection, continuously, with no step in the chain where the publisher can edit, delete or re-order anything. It is the difference between a claim and evidence. Two separate questions hide inside the phrase, and most arguments about verification come from confusing them.",[14,241,17],{"id":16},[10,243,244,245,156,248,252,253,257,258,262],{},"The first question is whether the data is real. That is answered by the connection itself: a channel that can read the account but never write to it, running without interruption, so the record is built continuously rather than exported at a convenient moment. On ShowMyTrades that channel is one of four — an Expert Advisor installed in MetaTrader 4 or 5, a direct connection using the ",[36,246,247],{"href":38},"MT4 investor password",[36,249,251],{"href":250},"\u002Fctrader-account-tracking","cTrader OAuth2 authorisation",", or the ",[36,254,256],{"href":255},"\u002Ftradelocker-tracking","TradeLocker REST API",". None of them can place, modify or close an order. Read-only credentials are the industry mechanism for this, and third-party trackers such as ",[36,259,261],{"href":260},"\u002Fglossary\u002Fwhat-is-myfxbook","Myfxbook"," connect MetaTrader accounts the same way.",[22,264,267],{"className":265,"code":266,"language":27},[25],"broker server → read-only connection → ShowMyTrades → public page\n                no editable step anywhere in the chain\n",[29,268,266],{"__ignoreMap":31},[10,270,271],{},"The second question is whether the person publishing the page owns the account. A read-only feed proves the trades exist; it does not prove whose they are, because an investor password can be handed to anyone. Closing that gap requires an action only someone with trading rights can perform: placing a pending order at an unreachable price with the publisher's user ID in the comment field. On cTrader, one OAuth authorisation answers both questions at once.",[10,273,274],{},[44,275],{"alt":276,"src":277},"Track Record Verified answers whether the data arrived from the broker through a channel that cannot place, modify or close an order; Trading Privileges Verified answers whether the publisher controls the account","\u002Fimages\u002Farticles\u002Ftwo-badges.svg",[10,279,280],{},[51,281,282],{},"A record can pass one and fail the other, which is why they are counted separately.",[14,284,60],{"id":59},[10,286,287,288,290,291,295],{},"Everything downstream of the connection is arithmetic. If the inputs can be edited, the profit factor, the ",[36,289,67],{"href":66}," and the ",[36,292,294],{"href":293},"\u002Fglossary\u002Fwhat-is-an-equity-curve","equity curve"," are all decoration, no matter how detailed the page looks. A screenshot, a PDF statement and a spreadsheet share the same defect: they are produced by the person asking you to trust them.",[10,297,298],{},"Continuity matters as much as read-only access. A record that can be paused and resumed lets a bad month disappear. When the feed is continuous, an interruption is itself visible on the page — which is information, not an absence of it.",[14,300,85],{"id":84},[10,302,303,304,108,307,309],{},"Verification is opt-in and requires effort, and the numbers reflect that. Across the 10,000+ accounts published on ShowMyTrades (August 2026), only ",[90,305,306],{},"65 carry Track Record Verified",[90,308,111],{},". More accounts prove ownership than prove data provenance, because placing one pending order is easier than changing a password at the broker.",[10,311,312,313,317,318,321,322,325],{},"Verified does not mean good. Across the public accounts with trading history, median ",[36,314,316],{"href":315},"\u002Fglossary\u002Fwhat-is-time-weighted-return","time-weighted return"," is ",[90,319,320],{},"+3.2%",", 63.0% are positive, and the median deepest drawdown is ",[90,323,324],{},"9.7%"," — with 17.6% of accounts having lost more than half their peak value at some point. That distribution, built from 15,436,464 synchronised trades, is what an honest record looks like, and it is nothing like the ones used in advertising.",[14,327,116],{"id":115},[10,329,330,331,334,335,108,337,339,340,343,344,347],{},"Both badges sit in the ",[90,332,333],{},"Certifications"," group in the header of every account page, above the numbers: ",[90,336,125],{},[90,338,129],{},", green when granted and grey when not, each with a tooltip explaining what it certifies for that platform. The same group also shows ",[90,341,342],{},"Real Account"," or ",[90,345,346],{},"Demo Account",", derived from the broker server rather than self-declared.",[10,349,350,351,354,355,357],{},"Verification is managed in the account settings, where the ",[90,352,353],{},"Investor Password (Optional)"," field lives — clear it and the Track Record badge turns grey on the same save. Both badges are also rendered inside the ",[90,356,166],{}," widget, which embeds the account header, so an embed on someone else's site carries its own provenance.",[14,359,171],{"id":170},[173,361,362,372,378,384],{},[176,363,364,367,368,371],{},[90,365,366],{},"A link to a tracking site is not verification."," ",[36,369,370],{"href":205},"Any platform can host an unverified account",". Look for the badge on the page, not for the domain in the URL.",[176,373,374,377],{},[90,375,376],{},"Track Record Verified does not prove ownership."," It proves the trades are real. Someone reselling another trader's investor password can produce a genuine feed of trades that are not theirs.",[176,379,380,383],{},[90,381,382],{},"Verified is not the same as profitable."," The badge certifies provenance and nothing else. Read gain and drawdown together afterwards.",[176,385,386,389],{},[90,387,388],{},"A verified demo account is still a demo account."," Demo fills are optimistic in exactly the conditions where live fills hurt.",[10,391,392,393,73],{},"The procedure for both badges, step by step: ",[36,394,396],{"href":395},"\u002Fguides\u002Fhow-to-verify-your-account","how to verify your trading account",{"title":31,"searchDepth":208,"depth":208,"links":398},[399,400,401,402,403],{"id":16,"depth":208,"text":17},{"id":59,"depth":208,"text":60},{"id":84,"depth":208,"text":85},{"id":115,"depth":208,"text":116},{"id":170,"depth":208,"text":171},"A verified track record is performance data pulled straight from the broker through a read-only link, continuously, with nothing the publisher can edit.",false,{},[224,225,408],"what-is-drawdown",{"title":234,"description":404},"5.glossary\u002Fwhat-is-a-verified-track-record","Verified Track Record","im3JV0qh8wz_ZbgStl23aUhUUL79OEa_VDXyYyMF254",{"id":414,"title":415,"body":416,"category":563,"date":216,"description":564,"draft":218,"extension":219,"meta":565,"navigation":218,"path":38,"related":566,"seo":568,"stem":569,"term":570,"updated":216,"__hash__":571},"glossary\u002F5.glossary\u002Fwhat-is-an-mt4-investor-password.md","What Is an MT4 Investor Password? Read-Only Access",{"type":7,"value":417,"toc":556},[418,424,426,429,435,438,453,455,458,465,467,475,482,484,493,517,519,551],[10,419,420,421,73],{},"The investor password is the second password on every MetaTrader 4 and MetaTrader 5 account: it logs in to the same account as the master password but in read-only mode. Whoever holds it can watch the account in full detail and change nothing about it. That asymmetry is why it became the standard credential for ",[36,422,423],{"href":205},"third-party verification",[14,425,17],{"id":16},[10,427,428],{},"MetaTrader accounts ship with two credentials against the same login number. The master password grants trading rights. The investor password grants observation.",[22,430,433],{"className":431,"code":432,"language":27},[25],"Investor password CAN          Investor password CANNOT\n- see balance and equity       - open a position\n- see open positions           - modify or close a position\n- see closed trade history     - place or delete pending orders\n- see margin and free margin   - withdraw or transfer funds\n- attach charts and indicators - change account settings\n",[29,434,432],{"__ignoreMap":31},[10,436,437],{},"A terminal logged in with the investor password shows the New Order button greyed out. The restriction is enforced by the broker's trade server, not by the client, so it cannot be worked around by patching the terminal.",[10,439,440,441,444,445,448,449,452],{},"You set it yourself, and you can change it at any time. In MT4: ",[90,442,443],{},"Tools → Options → Server",", then ",[51,446,447],{},"Change"," next to the investor password. In MT5: ",[90,450,451],{},"Tools → Options → Account → Change Password",", selecting the investor option. Changing it revokes access for everyone holding the old one, immediately.",[14,454,60],{"id":59},[10,456,457],{},"It solves a problem that has no other clean solution: proving your results to a stranger without giving that stranger the ability to trade your money. Before read-only credentials, the alternatives were screenshots and broker statements, both of which are files the trader produces.",[10,459,460,461,464],{},"It also has a limit worth stating plainly. An investor password proves the trades are real; it does not prove they are yours, because the password can be forwarded to anyone. That is why a full ",[36,462,463],{"href":124},"verified track record"," needs a second, separate check of ownership.",[14,466,85],{"id":84},[10,468,469,470,474],{},"The credential covers most of the market we see: of the 10,000+ accounts connected to ShowMyTrades (August 2026), the overwhelming majority are ",[36,471,473],{"href":472},"\u002Fglossary\u002Fwhat-is-metatrader","MetaTrader",", spread over 703 distinct broker servers. Every one of those MetaTrader accounts can be verified with a password its owner sets, without changing anything about how the account trades.",[10,476,477,478,481],{},"Almost nobody does. Only ",[90,479,480],{},"65 accounts carry Track Record Verified",", out of 10,000+ published pages. The friction is not technical; it is that the step is optional, and an unverified page still displays numbers.",[14,483,116],{"id":115},[10,485,486,487,489,490,492],{},"The ",[90,488,353],{}," field is in the account settings. Fill it in and the ",[90,491,125],{}," badge in the account page header turns green; clear it and the badge turns grey on the same save.",[10,494,495,496,108,499,502,503,507,508,511,512,516],{},"It also appears earlier, when you add an account: the ",[51,497,498],{},"MetaTrader 4 Direct Connection",[51,500,501],{},"MetaTrader 5 Direct Connection"," options in the connection picker sync trades using the investor password alone, with nothing installed in your terminal. The ",[36,504,506],{"href":505},"\u002Fglossary\u002Fwhat-is-an-expert-advisor","Expert Advisor"," option updates far more frequently, and it is the only one that can also report the state of the machine running the strategy in the ",[90,509,510],{},"Terminal & Open Charts"," module — a password-only connection never touches your computer, so it has nothing to report about it. That trade-off is the one thing to weigh before choosing: less setup, or a fuller page. If the strategy runs unattended on a ",[36,513,515],{"href":514},"\u002Fglossary\u002Fwhat-is-a-vps","VPS",", the Expert Advisor is what makes that visible.",[14,518,171],{"id":170},[173,520,521,527,533,539,545],{},[176,522,523,526],{},[90,524,525],{},"\"Giving out the investor password is risky.\""," It is read-only and enforced server-side. The real consideration is privacy, not security: whoever holds it sees your balance and every trade you take, live.",[176,528,529,532],{},[90,530,531],{},"\"It reveals my strategy.\""," It reveals your fills, not your logic. Anyone can already see the trades on a public page you publish yourself.",[176,534,535,538],{},[90,536,537],{},"\"Changing the master password changes the investor one.\""," It does not. They are set separately, and platforms holding an unchanged investor password keep working.",[176,540,541,544],{},[90,542,543],{},"\"Some brokers do not offer it.\""," MT4 and MT5 both support it as standard. What varies is whether the broker lets you set it in the terminal or only through their client area.",[176,546,547,550],{},[90,548,549],{},"\"A read-only login means the data is verified.\""," Only if a platform is actually holding that connection open and publishing what it sees. A password in a private message proves nothing to a third party.",[10,552,553,554,73],{},"The full walkthrough, including the ownership check that the password cannot provide: ",[36,555,396],{"href":395},{"title":31,"searchDepth":208,"depth":208,"links":557},[558,559,560,561,562],{"id":16,"depth":208,"text":17},{"id":59,"depth":208,"text":60},{"id":84,"depth":208,"text":85},{"id":115,"depth":208,"text":116},{"id":170,"depth":208,"text":171},"Platforms","The MT4 investor password is a read-only credential: it shows balance, equity and every trade, but it cannot open, modify or close a position, or withdraw.",{},[223,225,567],"what-is-a-vps",{"title":415,"description":564},"5.glossary\u002Fwhat-is-an-mt4-investor-password","MT4 Investor Password","xK2dYJaK7fxuwcWoqaPqTsvMELQIwuxpmmw_VrzKLRk",{"id":573,"title":574,"body":575,"category":816,"date":216,"description":817,"draft":218,"extension":219,"meta":818,"navigation":218,"path":79,"related":819,"seo":824,"stem":825,"term":826,"updated":216,"__hash__":827},"glossary\u002F5.glossary\u002Fwhat-is-copy-trading.md","What Is Copy Trading? How Copied Results Diverge",{"type":7,"value":576,"toc":809},[577,580,582,585,588,594,602,605,635,637,640,643,645,656,671,697,699,729,762,771,773,802],[10,578,579],{},"Copy trading is an arrangement in which orders placed on one trading account are automatically reproduced on another, so the follower holds broadly the same positions as the source. The follower delegates entries, exits and timing, but keeps their own broker, their own account size and their own fills. That last part is why two accounts following the same signal almost never end the month with the same number.",[14,581,17],{"id":16},[10,583,584],{},"A copier sits between the two accounts. It watches the source for a new order, converts the size, and sends the equivalent order to the follower's account, usually within a fraction of a second. Closes, partial closes and stop modifications are relayed the same way.",[10,586,587],{},"The conversion step is where most of the outcome is decided. Three modes are common:",[22,589,592],{"className":590,"code":591,"language":27},[25],"Fixed lot      follower lot = 0.10                                 (same size every trade)\nProportional   follower lot = source lot × (follower equity \u002F source equity)\nRisk-adjusted  follower lot = follower equity × risk% \u002F (stop distance × pip value)\n",[29,593,591],{"__ignoreMap":31},[10,595,596,597,601],{},"Fixed lot ignores account size entirely and is the mode that ruins small accounts copying large ones. Proportional keeps the ratio but inherits the source's risk appetite whole. Risk-adjusted is the only mode that is really ",[36,598,600],{"href":599},"\u002Fglossary\u002Fwhat-is-position-sizing","position sizing"," rather than mirroring, and it requires the source to use stops.",[10,603,604],{},"Three things then pull the copied result away from the original:",[173,606,607,618,629],{},[176,608,609,612,613,617],{},[90,610,611],{},"Latency."," The copier reacts after the source fills. On fast entries the follower buys a slightly worse price, every time, in one direction. That is structural ",[36,614,616],{"href":615},"\u002Fglossary\u002Fwhat-is-slippage","slippage",", not bad luck.",[176,619,620,623,624,628],{},[90,621,622],{},"Spread and commission at your broker."," The source's edge was measured against the source's costs. Your ",[36,625,627],{"href":626},"\u002Fglossary\u002Fwhat-is-a-spread","spread"," is a different number on the same instrument at the same second, and it is subtracted from every trade.",[176,630,631,634],{},[90,632,633],{},"Account size and rounding."," Minimum lot steps force rounding. On a small account a 0.03 lot signal becomes 0.01 or 0.10, and the proportion the copier was built to preserve is gone.",[14,636,60],{"id":59},[10,638,639],{},"You inherit the source account's drawdown without inheriting the reason the trader stays in it. The person running the strategy knows why the position is open. You see only the loss, which is why followers usually disconnect near the bottom of a decline that the source rides out.",[10,641,642],{},"Costs also compound against you. A strategy with a small average win per trade can be profitable on the source's cost structure and unprofitable on yours, with identical trades, purely through spread and commission. Before copying anything, the source account is what you audit — not the marketing around it.",[14,644,85],{"id":84},[10,646,647,648,651,652,655],{},"Across the public accounts on ShowMyTrades with trading history (August 2026), the median closed trade lasts ",[90,649,650],{},"2.4 hours"," and the median account has ",[90,653,654],{},"171 closed trades",". Short trades are where copier latency does the most damage, because a fixed delay is a larger share of a two-hour move than of a two-week one.",[10,657,658,659,661,662,665,666,670],{},"Venue matters too, and it varies enormously: the connected accounts sit on ",[90,660,100],{},", and ",[90,663,664],{},"429 users"," run accounts at more than one broker. The ",[36,667,669],{"href":668},"\u002Fguides\u002Fsame-strategy-different-brokers","same strategy is genuinely executed at hundreds of different cost structures"," here.",[10,672,673,674,678,679,681,682,685,686,689,690,696],{},"The risk you would be adopting is not small either. The ",[36,675,677],{"href":676},"\u002Fglossary\u002Fwhat-is-maximum-drawdown","median deepest drawdown"," on those accounts is ",[90,680,324],{},", but ",[90,683,684],{},"38.2%"," have been more than 20% below their peak and ",[90,687,688],{},"17.6%"," have lost more than half of it. And of 10,000+ published accounts, only ",[90,691,692,693],{},"65 carry ",[36,694,695],{"href":124},"Track Record Verified"," — provenance is the exception, so check it before you copy.",[14,698,116],{"id":115},[10,700,486,701,704,705,708,709,108,712,715,716,156,719,156,722,108,725,728],{},[90,702,703],{},"trades table"," is the due-diligence tool. Every closed trade shows Open Time, Close Time, Type, Symbol, Open Price, Close Price and ",[90,706,707],{},"Net P\u002FL",", with ",[90,710,711],{},"S\u002FL",[90,713,714],{},"T\u002FP"," on by default and ",[90,717,718],{},"Duration",[90,720,721],{},"Swap",[90,723,724],{},"Commission",[90,726,727],{},"Magic"," available from the column menu. That is where you see whether entries are reachable at your latency and whether the strategy actually uses stops — which decides whether risk-adjusted copying is possible at all.",[10,730,731,732,141,734,737,738,156,744,108,747,750,751,737,754,757,758,761],{},"In ",[90,733,159],{},[51,735,736],{},"Trades"," section carries ",[90,739,740],{},[36,741,743],{"href":742},"\u002Fglossary\u002Fwhat-is-average-trade-length","Avg. Trade Length",[90,745,746],{},"Total Commissions",[90,748,749],{},"Total Swap Paid",": the source's real cost load, which yours will differ from. The ",[51,752,753],{},"Performance Metrics",[90,755,756],{},"Expectancy",", the average result per trade that your extra spread eats into, and ",[90,759,760],{},"Z-Score (Probability)",", which says whether wins and losses arrive in streaks — the streak is what a follower has to sit through.",[10,763,764,767,768,770],{},[90,765,766],{},"Breakdown Statistics"," shows trade count and profit per symbol, split into Longs, Shorts and Total, so you can tell whether the record rests on majors or on instruments where spreads diverge most between brokers. The header's ",[51,769,136],{}," group names the platform, broker and leverage the record was produced on. None of the three is necessarily yours.",[14,772,171],{"id":170},[173,774,775,781,787,793],{},[176,776,777,780],{},[90,778,779],{},"\"Same signals means same results.\""," It does not. Different broker, different fills, different costs, different size. Divergence is the default, not a malfunction.",[176,782,783,786],{},[90,784,785],{},"\"Proportional sizing makes it safe.\""," It makes it scaled. A 40% drawdown proportionally copied is still a 40% drawdown.",[176,788,789,792],{},[90,790,791],{},"\"The provider takes the risk.\""," The provider takes a fee. The margin call arrives on your account.",[176,794,795,798,799,801],{},[90,796,797],{},"\"A long track record on the source is enough.\""," Only if the data path is verified. Without ",[36,800,423],{"href":221},", a long record is a long claim.",[10,803,804,805,73],{},"Before you mirror anyone's orders, read ",[36,806,808],{"href":807},"\u002Fguides\u002Fverifying-trading-performance-claims","how to verify performance claims",{"title":31,"searchDepth":208,"depth":208,"links":810},[811,812,813,814,815],{"id":16,"depth":208,"text":17},{"id":59,"depth":208,"text":60},{"id":84,"depth":208,"text":85},{"id":115,"depth":208,"text":116},{"id":170,"depth":208,"text":171},"Strategy","Copy trading reproduces one account's orders on another. Here are the three sizing modes, and why your result never matches the source account exactly.",{},[820,821,822,823],"what-is-slippage","what-is-a-spread","what-is-position-sizing","what-is-third-party-verification",{"title":574,"description":817},"5.glossary\u002Fwhat-is-copy-trading","Copy Trading","pyBosJcIC3D0CgfG1-pBCtOuV2lDHvxehjgx-mi3Zhc",{"id":829,"title":830,"body":831,"category":563,"date":216,"description":1010,"draft":218,"extension":219,"meta":1011,"navigation":218,"path":260,"related":1012,"seo":1013,"stem":1014,"term":261,"updated":216,"__hash__":1015},"glossary\u002F5.glossary\u002Fwhat-is-myfxbook.md","What Is Myfxbook? Definition and How It Works",{"type":7,"value":832,"toc":1003},[833,836,838,844,847,850,852,862,864,885,888,890,897,925,942,964,966,992],[10,834,835],{},"Myfxbook is an online analytics and community platform for forex traders, launched in 2009. A trader links a MetaTrader 4 or MetaTrader 5 account to it, and the platform publishes that account's statistics on a public page that can be shared or embedded elsewhere. It is one of the oldest third-party trading trackers, and its public pages are a common form in which trading results are circulated.",[14,837,17],{"id":16},[10,839,840,841,843],{},"An account is connected either with the ",[36,842,247],{"href":38}," or with an Expert Advisor installed in the terminal. From there the platform reads the account continuously and derives the usual statistics — gain, drawdown, profit factor, monthly returns, per-symbol breakdowns — onto a public \"system\" page.",[10,845,846],{},"Alongside the tracking, the site hosts community features and market tools: forums, an economic calendar, position-size and pip calculators, aggregated market sentiment, and broker comparison pages. Public pages can be embedded on other sites through widgets and forum signature images, so a page is often encountered indirectly — as a link or a banner attached to a claim made somewhere else.",[10,848,849],{},"Verification is tiered: a connected account can be shown as tracked, and separately as having had its trading privileges or its broker data confirmed. Which tier a given page carries is stated on the page itself.",[14,851,60],{"id":59},[10,853,854,855,857,858,73],{},"Signal sellers, EA vendors and managed-account offers frequently support a claim with a link to a tracker page, and Myfxbook is one of the platforms those links point to, so knowing how to read one is a practical skill. The habit is the same on any tracker: check the verification state before reading a single number, then read ",[36,856,67],{"href":66}," before gain, then check ",[36,859,861],{"href":860},"\u002Fguides\u002Fhow-much-history-a-track-record-needs","how long the history actually is",[14,863,85],{"id":84},[10,865,866,867,869,870,872,873,367,877,880,881,884],{},"We cannot see inside another platform's database, so the only distribution we can quote is our own. Across the public accounts on ShowMyTrades with trading history (August 2026): median time-weighted return ",[90,868,320],{},", median deepest drawdown ",[90,871,324],{},", median ",[36,874,876],{"href":875},"\u002Fglossary\u002Fwhat-is-a-profit-factor","profit factor",[90,878,879],{},"1.28",", median 171 closed trades per account, median win rate ",[90,882,883],{},"68.8%",". Those public pages have been visited 94,710 times.",[10,886,887],{},"Two of those figures are worth holding together, because they are the ones a tracker page tends to be quoted for. A 68.8% median win rate sits alongside a median profit factor of 1.28: most trades close green, and the aggregate edge is still thin. Any tracker page, on any platform, can be read selectively by quoting the first number without the second.",[14,889,116],{"id":115},[10,891,892,893,73],{},"ShowMyTrades is a tracker of the same kind, so most of what this entry describes has a direct counterpart here, under our own names. Where the two differ, and where Myfxbook is the better tool, is laid out row by row in ",[36,894,896],{"href":895},"\u002Fshowmytrades-vs-myfxbook","ShowMyTrades vs Myfxbook",[10,898,899,902,903,108,906,909,910,913,914,916,917,920,921,924],{},[90,900,901],{},"The connection step."," The picker offers ",[51,904,905],{},"MetaTrader 4 with EA",[51,907,908],{},"MetaTrader 5 with EA",", the two ",[51,911,912],{},"Direct Connection"," options that use the ",[36,915,39],{"href":38}," alone, ",[51,918,919],{},"cTrader"," through OAuth2 authorisation, and ",[51,922,923],{},"TradeLocker"," through its REST API. Between them those four routes carry the 10,000+ accounts connected here, across 703 distinct broker servers.",[10,926,927,930,931,933,934,936,937,939,940,73],{},[90,928,929],{},"The verification state."," Two named badges in the ",[90,932,333],{}," group of the account header, rather than a single word: ",[90,935,125],{},", granted when the read-only feed is in place, and ",[90,938,129],{},", granted when ownership has been proved. Of 10,000+ published accounts, 65 carry the first and 264 the second. Which badge a page carries is the thing to read; see ",[36,941,463],{"href":124},[10,943,944,367,947,950,951,108,954,957,958,960,961,963],{},[90,945,946],{},"The embeds.",[36,948,949],{"href":165},"Seven widget formats",", from ",[51,952,953],{},"Stats Card",[51,955,956],{},"Equity Curve"," to the full ",[51,959,166],{},", which carries the verification badges into the embed itself. Accounts running on a ",[36,962,515],{"href":514}," can additionally publish the terminal's live state.",[14,965,171],{"id":170},[173,967,968,974,980,986],{},[176,969,970,973],{},[90,971,972],{},"\"Verified\" does not mean one thing across platforms."," Each tracker defines its own tiers. Read which specific badge a page carries rather than trusting the domain it sits on.",[176,975,976,979],{},[90,977,978],{},"A signature image is not a live record."," A banner pasted into a forum post is an image; the link under it is the record. Click it.",[176,981,982,985],{},[90,983,984],{},"Being listed anywhere is not an endorsement."," Trackers publish what traders connect. Nobody vetted the strategy.",[176,987,988,991],{},[90,989,990],{},"The same account can show different numbers on two platforms."," Time-weighted return, absolute gain and deposit handling are computed differently by different vendors, and a drawdown figure may be measured on equity or on closed balance only. Compare like with like before concluding one of them is wrong.",[10,993,994,995,999,1000,73],{},"If you are about to trust a ",[36,996,998],{"href":997},"\u002Fglossary\u002Fwhat-is-a-track-record","track record"," on any platform, run it through the checklist first: ",[36,1001,1002],{"href":807},"how to verify trading performance claims",{"title":31,"searchDepth":208,"depth":208,"links":1004},[1005,1006,1007,1008,1009],{"id":16,"depth":208,"text":17},{"id":59,"depth":208,"text":60},{"id":84,"depth":208,"text":85},{"id":115,"depth":208,"text":116},{"id":170,"depth":208,"text":171},"Myfxbook is a forex analytics and community platform: traders connect an MT4 or MT5 account and it publishes the statistics on a public, shareable page.",{},[223,224,567],{"title":830,"description":1010},"5.glossary\u002Fwhat-is-myfxbook","JCd0nf2ykiaenlwUVNiEBC5SamluNl7WkwypIrjRbws",1787415691884]