The "Meter Icon" found on the Slave Accounts view shows the volume of orders copied to a specific Slave account and the fees associated with those trades (Fees are only calculated for accounts with a Prepay Plan).
The volume calculation displays daily, weekly, monthly, and yearly. To access, go to Slaves > Accounts and click the meter icon.
We have to compute the trade volume for 2 purposes: order fees for Prepay plan and volume limitation for the Free Plan.
# of Orders:
It's the total number of open and closed orders copied to a Slave account.
Volume (EUR) Computation:
The volume is always expressed in EUR and is the notional value of the order. Usually, a standard lot is 100'000 units. For instance, 2 EUR/USD lots is equivalent to 200'000 EUR. 1 lot of USD/CHF is equivalent to 89'000 EUR (if EUR/USD rate is 1.1235). The trade copier always takes the current market rate to convert the volume in EUR.
Fees and Prepay:
The Prepay fees are computed on a per order basis.
1 trade = 2 orders (1 open + 1 close)
For every 100'000 EUR, the charge is 2 EUR for accounts with a Prepay plan regardless of the traded instrument. The max daily fee is 5 EUR on the Slave.
Master(s) Prepay fees are calculated per the number of orders copied.
.05 EUR per order or .10 EUR per trade (open +close) and a daily fix fee of .1 EUR.
For example, 10 orders of 0.5 lot = 5 lots => 5 lots * 2 EUR = 10 EUR (but capped to 5 EUR max per day per slave)
For accounts with a Flexible Plan, fees are not accounted for as this plan is set up for unlimited trading (without cap). The # of Orders and Volume (EUR) are displayed for informational purposes only.