Thank you, that clarifies it.
As with any trade, as “trade leaders” we deal with incomplete information. In this case, C2 do not however, so they’ve obviously run a pricing algo that optimizes their revenues considering the full set of subscriber/provider behaviour data while incorporating a certain level of expected discontent and blowback. So unfortunately venting frustration is not really going to achieve anything at this point although I do empathize with those who feel their loyalty is not being rewarded.
Rather than complain then this is my honest feedback on this. The way I see it, paying more to publish would be less of an issue if the imposed trial and error process of finding the optimal fee for a system was less excruciating. Also, unless you’re very aggressive or in a golden patch it takes quite a while to accumulate enough traders to justify the effort. So at the moment, considering I have only one active system and do not intend to go professional, it leaves me with three choices:
- Increase system fee in the hope that it is currently below optimal and inelastic
- Increase the risk profile of my system and focus on generating short to medium term profit characteristics that will attract more subscribers quickly (in other words, hope to blow up as late as possible)
- Leave C2 because option 1 does not materialize or because there are better alternatives for me to generate income if I choose option 2
I agree with someone earlier who mentioned advertising. I used C2 once before about 3 years ago and since then I’ve seen minor cosmetic changes but I’m not certain the subscriber base has increased. It still looks healthy enough for the top 1% trade leaders which is why I’m giving it another go and I hope this new pricing structure will not compromise that.
1 Like
Did you made a survey nearby the subscribers to know if they will
subscribe to a system with 100% perf 15% drawdown but which has been reseted three
times in the past 6 month for example?
Matthew, why don’t you leave the existing 6 month $120 plan and create the new Starter Plan, so people may choose whichever they wish. I started my strategy less than one month ago and use Broker Transmit. My cost will go to $1188 per year from $240. In order to build a decent track record I need to be trading for about 6 months without much hope of any subscribers. This does NOT sound very encouraging to new Leaders !!!
6 Likes
You can lock in your current pricing for as long as you like by using the “extend legacy Listing Fee” feature.
Yes, but the system may blow up after 15 January and I end up paying these extra fees for nothing ! It’s just lose lose for Trade Leaders.
1 Like
This thread open a lot of interesting things about trade leader goals here on C2. 
3 Likes
This is a disappointing step that I fear will take C2 further in the wrong direction.
Profitable, verified trader leaders are the main assets of C2 and such a massive price increase is likely to push more of them away. There is also too much complexity in the pricing plans which is confusing to new customers. I know there are costs but there does not seem to be any compromise in this new arrangement.
As well, C2 should offer a better free solution (for investors and trade leaders). This is how funnels work and all the best companies have them for attracting new leads.
On a personal level, I love using C2 to test new trading strategies and keep a track record of trades. It is very convenient for me in this way and I am not even bothered about gaining subscribers. But at $100 a month, this becomes too expensive an option…
Why not create a free option that allows trade leaders to run test strategies that cannot be subscribed to?
I think this could be useful for to gain new leads. Many new traders want to learn while maintaining some accountability. Once they are successful they can then upgrade to the more expensive plans.
1 Like
One simple question.
Premium Plan offers up to 3 trading strategies, so what happens if current trade leader has 5 strategies? What should trade leader do in order to keep all of them and not upgrading to professional plan?
Also please do not say that you can lock old pricing, it is not a solution for a long term.
Once you upgrade to the Premium Plan (which supports 3 strategies), you’ll see options to upgrade to Premium+ plans (i.e. supporting 4-10 strategies). There’s no way to upgrade immediately to premium plus… so first choose Premium, and then you’ll be able to select the number of strategies you desire above 3.
I can make these new fees work because I already have a system proven out and subscribers to offset the cost. However if I wasn’t already a trade leader with subscribers I never would have become one with these fees! Under the new plan it is too expensive for people like me that use the API to list systems that might not be successful. Drunk Uncle took over a year to get its first subscriber (that would be a $1200 cost risk under the new fees compared to the $240 that it cost me under the old). Who is going to pay that much when most systems never even get subscribers?? Bottom line is costs of the API are too high and I simply wouldn’t have bothered with C2 if these new fees had been in place 2 years ago. As a result I’m quite sure C2 will be chasing away many potential trade leaders.
I think C2 has lost sight of where their income should be coming from. C2 should be encouraging new trade leaders to join, not chasing them off by milking them too hard for income. C2 income should primarily come from subscribers not system creators. Listing fees associated with trade leaders should be minimal to encourage new systems.
12 Likes
DavidStephens
I completely agree with you, it will be very difficult for new Trade Leaders without subscribers to carry on for any length of time. I am little lucky in that I can take the option to extend it by another 6 months to see if I get any subscribers but no way would I stay around for 12 months if I had to pay nearly $1200.
5 Likes
I agree with what you said, but perhaps one of the goals of C2 is to downsize the number of trade leaders to a group of more successful traders. This could help eliminate the high flying systems which crash on unsuspecting subscribers. This could also raise C2’s standing in the eyes of some professionals, helping the ongoing goal of increasing revenue for all at C2. The more I have thought about it, the more I like it. If a system is good enough to bring subscribers in, then the fee increase doesn’t really mean much, and if that is what it takes to raise C2 to a higher level, then the increase in fees could be far more than covered.
4 Likes
Will trade leaders be publicly labelled by account plan?
Matthew, have you considered paying out 80% to Premium plan holders?
If raising fees brings in all the successful traders and safe systems, raise fees another 10x or 100x. Then C2 will be the best ever. Who knew it was so easy?
1 Like
Without mention that C2 will be probably full of successful leaders for a “while” with the new auto reset feature.
1 Like
I don’t see how this is true. You will in fact get more high flying systems so that they can get subscribers as quick as possible in order to recover their extra cost. I can’t really see the point of this reset, as a subscriber one would like to see this draw down in the system and not just see the reset version that could hid the bad period of the system ( assuming it happens early in the system’s life ).
3 Likes
How about adding some privileges to trade leaders accounts based on the plan they subscribe to , for example : live data , showing subscribers numbers, paying 80% instead of 70% … etc . Technically based on the current offer i dont see the premium plan as premium at all , we already had these privileges for less money .
2 Likes
I agree. pay 50% for starter, 70% for basic, 80% for premium, 90-100% for Pro. Along with other privileges Surgeon referred to.
3 Likes
