A trade copier is simply a piece of software used to copy trades across multiple trading accounts. This is the most convenient and efficient way to manage more than one MetaTrader account simultaneously and open the same trades across multiple trading platforms
Can I copy trade in MT4?
Trading Signals in MetaTrader 4 allow you to automatically copy the deals performed by other traders in real time. Many successful traders provide their Forex trades in public access either for free or for a reasonable fee, becoming signal providers
Where can I copy forex trades?
Best Forex Brokers for Social Copy Trading
eToro - Best overall platform for copy trading.
AvaTrade - MetaTrader suite, ZuluTrade and DupliTrade.
Pepperstone - MetaTrader, DupliTrade, and Myfxbook.
Vantage - MetaTrader, ZuluTrade, DupliTrade, and Myfxbook.
FXCM - MetaTrader, ZuluTrade, and supports algorithmic trading.Is copy trading legal?
Yes, copy trading is legal in the U.S., but it is subject to stricter regulations for U.S. residents than those in other countries
Can you copy trade from MT4 to MT5?
Lot sizing can be adjusted between the two accounts, and you can limit the copying to particular symbols or magic numbers. There is also a version for MT4, and you can copy trades in either direction between MT4 and MT5.
Is copy trading a good idea?
How do I copy a successful trader?
How to copy traders on eToro
Choose a trader. Search for traders by performance, assets, risk score, and more.
Set an amount. Choose a total amount for the copy — the proportions are calculated automatically.
Click Copy. Click the “Copy” button to start automatically copying the trader's positions.Can you make money copy trading?
Is copy trading profitable? Copy trading can result in high profits if the trader finds a successful trader to copy. However, the greatest risk a trader will face when copy trading is market risk. If the strategy a trader is copying is unsuccessful, they can lose money.
Which broker is best for copy trading?
List of Top Copy Trading Platforms
NAGA.
eToro.
AvaTrade.
B2Broker.
ZuluTrade.
Forex Copier.
Duplitrade.
FBS.Free Trade Copier Here