All you would need is the MetaTrader accountof the investor, and you could sign them up onto the trade copier. You wouldn’t even have to see their accounts again, once it’s setup in the cloud all of the work is being done automatically social trader tools and you just keep trading as you normally did. This can be a great way for traders to earn additional profits but it’s important to look at regulations of trading investors capital – to avoid this, I’d recommend using a prop firm.
Trading does involve risk, so caution must always be utilized. You assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. IdealSignals LLC is NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority.
Social Trader Tools platform is completely cloud hosted with a web portal to login. This means that you don’t need to download multiple MT4 copies, install anything local and can monitor the accounts from anywhere with internet connection. The majority of the trade copiers on our Top Forex Trade Copierslist require a ForexVPSto run properly – so it’s nice not having to worry about setting anything up. As you can see from the video above, setting the trade copier up is extremely quick and simple. The dashboard allows you to add pretty much unlimited MT4 accounts, regardless of which broker you’re using.
Although they are much higher risk, they will only amount to a small percentage of your portfolio and be running completely automated. They could grow vastly during large winning streaks and during great risk to reward plays. Manual error is one of the largest causes of loses with forex traders, mostly in the retail sector. By completely automating the copier accounts, presenting the risk measures and account management features, you completely remove the chance of human error taking place on the copier accounts. Let alone the fact that having the process fully automated is going to save you a huge amount of time everyday – especially if you have 4 or 5 accounts on the go at once.
Although it’s more pricey than alternatives like MT4 Copier, it’ll save a lot of time seeing as it’s cloud based and you’re setup in about 5 minutes. This really is a great tool for fund managers and traders looking to take on more trading accounts. If you’re a profitable forex trader, you could sell your trades to investors to make a small extra profit per trade, or on a subscription basis.
Copy traders, manage all your exchange accounts, use market-making and exchange/market arbitrage and simulate or backtest your trading. Fast automated trading, and portfolio management for Bitcoin, Ethereum, Litecoin, and 100+ other cryptocurrencies on the world’s top crypto exchanges. Social Trader Tools has no reviews on either platforms, which is rare and almost slightly worrying. With that being said, they do have a range of testimonials on their own website from traders and fund managers having a lot of success with the platforms offering.
If you have any experience with this platform please do drop a comment down below – I’d love to hear your experiences.
They can be simply used to showcase your trading results or you can define terms by which users can follow your signals either paid or for free. https://xcritical.com/ allows you to manage an unlimited amount of MT4/MT5 accounts from any MT4/MT5 broker, all from one platform. This way, you’re able to copy your trades automatically onto the other brokers and limit your potential losses, should the worst happen. The copier is one of the best on the market and definitely ranks higher than most of the Top Forex Trade Copiers.
Therefore, Social Trader Tools enable you to manage an infinite number of MT4 accounts from any MT4 broker. Social Trader Tools is a trade copying tool and one of the top leading trade copier tools in the forex market right now. Traders can now manage an unlimited number of MT4/MT5 accounts from any MT4/MT5 broker via Social Trader tool. As the forex prop firm industry has grown, so has the amount of prop firms offering funding for traders. With forex brokers reducing leverage and the industry getting more regulated, trading your…
We are a new cloud-based automated trading platform that enables non-emotional algorithmic decisions. For cryptocurrency investors who must monitor their positions 24/7 in a highly volatile environment. If you are a trading expert, register as a partner, and let’s grow business together! Social Trader Tools is by far the most advanced & simple-to-use software that is out today for traders. If you are looking to start a trading business or have an existing brand, you can whitelabel our platform and offer out signals to your own audience.
The past performance of any trading system or methodology is not necessarily indicative of future results. We make it easy to find traders who provide real, actionable trades. Connect your existing brokerage account and follow their trades with just two taps.
Customer service simply said they are not responsible for any losses tho they clearly admitted it was their system that was facing issues. It is also very very difficult to even connect a simple account to the system. Definitely do not recommend, money just thrown into trash tbh. Social Trader Tools is a web based platform for anyone that uses MT4.
Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website.
Pricing wise, Social Trader Tools is going to set most traders back around $60, to copy trades onto 5 accounts at once. Traders with smaller operations could get away with the standard $20 per month package which will cover you for 2 accounts. Traders running signal services or managing investors funds are more likely going to need the premium package, which covers 20 accounts for $220. It’s worth knowing that if you need more than 20 accounts on your trade copier, more packages are available.
Free access – Pretty simple, no cost involved to follow the signal. TD Ameritrade is not affiliated with IdealSignals LLC and does not endorse or recommend any information provided by IdealSignals LLC. New users are given a 14 day free trial to fully experience Social.Trade’s platform. Get real-time visibility into every trade and trader, with a neat dashboard. Browse the catalog of strategies, find one you like, setup a trade template, and receive trade alerts.
YP – The Real Yellow PagesSM – helps you find the right local businesses to meet your specific needs. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. “Preferred” listings, or those with featured website buttons, indicate YP advertisers who directly provide information about their businesses to help consumers make more informed buying decisions. YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. At the end of this post, you will get to know everything about Social Trader Tool, features, pricing and what other traders are saying about this forex trade copier.
They can be used to merely display your trading performance, or you can specify the conditions under which users can follow your signals for a fee or for free. As professional money managers we required a platform to manage our trading accounts and risk effectively. Social Trader Tools has given us the tools to allow us to focus on our core business. These prices are honestly very competitive compared to some on our Top Forex Trade Copiers List.
Having all of your accounts/investor accounts compiled in one dashboard is so useful for money managers or traders scaling up their operations. This is even going to be useful for traders with multiple prop firm funded accounts, to have them all in one place. You can register your account to be a signals provider, which gives you your very own URL/landing page. Investors will be able to see your results and add their accounts to follow your trades if they’re happy with your trading results. You’ll never be competing with other signal sellers as there isn’t a dashboard comparing all providers, you will just have your own landing page displaying your stats. This is great to traders looking to take on additional funds.
Usually, companies will have a huge amount of reviews on Trustpilotand ForexPeaceArmy, which is where we usually take a look. This isn’t a feature that any of the other leading trade copiersoffer, so I would certainly take advantage of this soon if this business model would be of interest to you. All of the juicy details about Social Trader Tools are defaulted by the not so good reviews provided by traders who have traded first-hand with them. You may need to consider other trade copiers to make an objective decision.
You add a $50,000 instant funding account from DT4X Trader, to the copier. You can add your brand’s logo and select from a variety of style alternatives. The brokers that can be utilized on your Whitelabel can also be limited, and you can even include a broker affiliate link to direct users to the broker of your choice.
This then caused me to fail my challenge as these 12 seconds resulted in me exceeding my max daily drawdown because the price of course continue to move… Comparebrokers.co needs to review the security of your connection before proceeding. You can choose from various style options and add your brands logo.