Shared Access¶
Money managers and other partners have found it difficult to execute remote access to individual accounts for the purpose of manual or automated trading on behalf of a third party. From a different perspective, having granted access to a partner, account owners would like to observe deals in real time and reserve the right to revoke access at any moment.
To resolve these issues, cTrader Web offers a built-in Shared Access feature. This guide will explain in detail how to share and revoke access in cTrader Web.
Shared Access in one minute!
- Due to the Shared Access feature of cTrader Web, traders can grant access to money managers for manual or automated trading on their behalf.
- Access is easy to share even for a new user of cTrader by clicking Settings and inputting the email of a partner or a cTrader nickname in the Shared Access section.
- Once access is shared, any of the parties can promptly revoke and decline it by making only a few clicks.
- Shared Access is a safe and secure way to delegate money management since deposit and withdrawal operations remain open only for account holders. All trading decisions remain transparent and trackable, which contributes to an account owner’s sense of control.
Benefits of Shared Access¶
Remote manual and automated trading. As a money manager, you are granted access to a third-party account for manual or automated trading. When a new cTrader account is shared with you, you can enjoy the full functionality of the shared account except for deposit and withdrawal operations.
Full control and transparency. As a cTrader account owner, you can delegate trading activities to more experienced partners without fear of losing your own access and transparency. You will be able to revoke access any moment you consider necessary.
Win-win partnership. When using the Shared Access functionality, traders can easily share their accounts with skilled money managers. In turn, money managers will benefit from accessing all shared accounts in one place.
Convenient access. Shared Access and further money management can be executed directly from your browser. You can open several tabs in your preferred browser if multiple accounts are shared with you.
How to share access¶
To share access with a partner, make sure that the left-side navigation bar is expanded. Click the Settings section. If the navigation bar is collapsed, simply click the Settings icon.
In the opened Settings window, click the Shared Access section and input an email or a nickname of the person you are sharing with. Note that the account selection field remains inactive in the Shared Access window, and you proceed sharing the account you are currently logged under. To share a different account, you first need to choose it in the main account selector.
Tick the Consent box under the email, and click the Share Access button which has become active. You can read the full pop-up disclaimer by hovering over the Info icon.
A pop-up notification confirming that you have shared the account with another user of cTrader will appear in the top-right corner. Both you and your partner will receive notifying emails with the date, account manager, account and broker mentioned.
Now, in the dropdown menu with your account information, you will see accounts managed exclusively by you and those you have shared with others. In turn, your money manager will find the account(s) shared with them in a separate section.
Traders can also find information about the shared account and sharing destination in the Shared Access window opened via Settings. However, money managers will not face any information about the accounts shared with them in the Shared Access window.
How to revoke and decline access¶
You can easily revoke access to your account by clicking Revoke access in the Shared Access window.
A notification informing that you will be logged out of your account for security reasons will pop up.
Note
Money managers cannot decline access from the Settings menu, as the accounts shared with them are not visible there.
Alternatively, access can be revoked or declined from the dropdown menu with account information in the top-right corner of cTrader Web. In the Accounts shared by/with you section, you simply need to click the X button.
You will be asked to confirm your intention to discontinue access. Afterwards, a notification will pop up in the top-right corner and both parties will receive notifying emails.
Summary¶
The easy access sharing functionality of cTrader Web enables account owners and their partners to collaborate effectively and generate higher revenue streams. Remote access to individual accounts is especially beneficial to money managers and partners who can use this feature for manual or automated trading on behalf of a third party. Access can be revoked and declined by any of the parties at any time, thus making the sharing feature fully controlled and safe.