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 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. Social Trader Toolsis a platform built for forex traders looking to copy trades from one account, to multiple others, automatically. The trade copieris the most popular feature within Social Trader Tools platform. This allows you to simultaneously trade multiple accounts. By having a trade copier at your disposal, you’re able to spread risk different across multiple accounts leading to potentially much better diversification and results.
Every trader has different conditions like the risk they will take into your account, minimum and maximum drawdown, and profit-sharing. It is hard to find an experienced trader that suits your needs. Unlike both, the ways mentioned above, using signals are different as here you have to trade and manage your account, but in the other two, you don’t have to trade on your own. Three primary tools are available for the members to use while participating in any social trading network.
He’s eager to help traders achieve their investment goals, whether they are short or long-term. Patrick’s penned thousands of reviews, and is always available to discuss trading with anyone who’s interested. Social Trader Tools is a service that offers copy trading, account management and Forex signals.
Signup To Social Trader Tools Today!
Strip away the complexities of your on-prem log management tool, so you can spend more time focused on development. Lot Multiplier – A multiple of the lead accounts lot size. Risk Multiplier by Equity – Proportional lot size based the equity of both accounts. Risk Multiplier by Balance – Proportional lot size based the balance of both accounts. You add a $50,000 instant funding account from MyForexFunds, to the copier. You add a $50,000 instant funding account from DT4X Trader, to the copier.
- It is hard to find an experienced trader that suits your needs.
- Social Trader Tools has no reviews on either platforms, which is rare and almost slightly worrying.
- Especially for beginners, social trading networks are the right choice to build confidence.
- Trading forex, stocks, or even crypto can make good returns for you if you do it the right way.
- The platform provides CFD and copies trading services of numerous financial assets.
- ViewThis represents how many pages from socialtradertools.com are currently visible to the public on Google search engine.
Each strategy provider has been carefully vetted to ensure you… 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 Features
Hello, I’m using Duplikium website, the concept is the same, hosted in the cloud and the advantage is that you can use it not only for mt4, but mt5 and ctrader are supported too. And trade looks to be copied faster, they claim 3-5 ms instead of 50ms for https://xcritical.com/. There really isn’t much in terms of reviews yet online, but there are a couple five star testimonials available on the website. Either a professional trader can create a trading network and tie-up with a broker. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
Using mathematical and statistical methods we can estimate websites’ value, advertisement earnings by market niche and category, traffic such as visitors and pageviews and much more. StatShow also provides social media and internet safety reputation analysis. ViewThis represents how many pages from socialtradertools.com are currently visible to the public on Bing search engine. ViewThis represents how many pages from socialtradertools.com are currently visible to the public on Yahoo search engine. ViewThis represents how many pages from socialtradertools.com are currently visible to the public on Google search engine. Most companies offer employee discounts, which can make the purchase more affordable.
Tool 3 Trading Signal
This way, you’re able to copy your trades automatically onto the other brokers and limit your potential losses, should the worst happen. Choose a specific category/niche The value and earnings of a website just like a physical company also depends on the market it’s focusing. Our reviews can be skeptical, but we are fully transparent social trader tools in our approach. Especially for beginners, social trading networks are the right choice to build confidence. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Get deeper visibility, near-instant search, and full contextual log information.
Regarding our customer service, I fundamentally disagree that “we ignore and take our time when replying to customers”. We are a small team but we respond to all enquiries usually within one hour during business hours. I’m sorry to hear your questions weren’t answered, unfortunately I don’t have your email address to search the system and investigate. Please do contact us again and we will look into your enquiry.
Social Trader Tools Description
The purpose of the Social Trader Tools platform is to help traders manage multiple accounts. For the most part, this tool isn’t for your average trader, and is much more suited to service providers that are looking for a platform to serve the community. The dashboard allows you to add pretty much unlimited MT4 accounts, regardless of which broker you’re using.
You can also tap into the knowledge and experience of other traders to beat the market. If you are inexperienced, social trading can encourage you to take higher risks. Social trading can be a good option for beginners, but it requires that you monitor the trading strategies of those you follow.
You can also use market-making, exchange/market arbitrage, and simulate or backtest trading. Automated trading and portfolio management for Bitcoin and Ethereum, Litecoin and more than 100 other cryptocurrencies on the top crypto… We are a cloud-based, automated trading platform that allows for non-emotional algorithmic decision making.
Social Trader Tools allows you to offer your trading account to other users via a signal page. In short, Social Trader Tools is a great platform for traders looking to utilise a trade copier and have all of their accounts in one place. 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. All you would need is the MetaTrader accountof the investor, and you could sign them up onto the trade copier.
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. You can setup a trade copier in reverse mode meaning for each trade, the opposite occurs i.e. sell when buy or buy when sell. Social Trader Tools allows you to manage an unlimited amount of MT4/MT5 accounts from any MT4/MT5 broker, all from one platform. The platform is owned and operated by Titanium Financial Technology.
Tool 1 Account Management
Manage existing trades only – No new trades will be copied but existing trades will be managed to conclusion. A website with a large amount of indexed pages in search engines is more likely to have tons of visits. This shows the company who handled the registration of this domain. Google PageRank™ reflects the importance of web pages by considering more than 500 million variables and 2 billion terms.
The hosting packages are also not 1 master and many slaves, the system doesn’t care whether your accounts are masters or slaves. Unfortunately we won’t be changing our pricing model as this has worked very well for most people in the last 5 years of service. You would still only be having to open, manage and close positions on your personal trading account. As you can see from the video above, setting the trade copier up is extremely quick and simple.
Worried about an upcoming MT4 and MT5 ban? Here’s the MetaTrader alternative – Capital.com
Worried about an upcoming MT4 and MT5 ban? Here’s the MetaTrader alternative.
Posted: Tue, 27 Sep 2022 07:00:00 GMT [source]
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Before directly jumping and getting involved in social trading services, it is better to know its pros and cons. These questions have a lot of answers to them, many websites will call them the best, but few have been running the show for a long and maintaining it well. Listed below are the top five best social trading sites you may choose to follow. MetaTrader 4 allows you to trade Forex, analyze financial markets, and use Expert Advisors.
You can think of it as an online platform, allowing beginners or intermediate traders to follow and use the trading actions of professional traders or investors. DupliTrade was created to simplify your automated trading experience. Our platform allows you to automate trading in your broker’s account using signals from skilled traders.
Pages that Google search engine believes are important receive a higher PageRank and are more likely to appear at the top of the search results. PageRank also considers the importance of each page that casts a vote, as votes from some pages are considered to have greater value, thereby giving the linked page a greater value. We’ve been serving the community over 10 years, and have a lot of respect for every single one of our readers. If you ever need assistance, you can email me, and I’ll respond, I promise. Sign up to our newsletter for free robots, ea’s and trading secrets. If you have anything you would like to add, please leave your questions and experiences below the article now.
Once you have your accounts connected to the platform you can setup trade copiers. Trade copiers are highly configurable with various risk types and settings covering all scenarios. With Social Trader Tools you can offer your own trading account out to other users as a signal via a signal page. You can copy trades to any number of trading accounts, and all this is done in the cloud 24/7. Social Trader Tools allows unlimited MT4 accounts to be managed from any MT4 broker.
Now we know what the platform actually is, let’s take a look at the features in a bit of depth.
Hosted in the cloud 24/7 without the hassle of a VPS, allowing you to copy trades to any amount of trading accounts and much more. Social Trader Tools allows you to manage an unlimited amount of MT4 accounts from any MT4 broker, all from one platform. There is no special software, no complex configurations and no VPS servers required. Our trade copier is the fastest copier in the market with an average replication speed of 50ms.
These prices are honestly very competitive compared to some on our Top Forex Trade Copiers List. Considering signing up with Social Trader Tools, you should know that it is priced reasonably. The basic package costs $60 per month for up to 5 accounts. However, if you have multiple accounts or are running a signal service, you will need the premium package, which costs $220 per month for up to 20 accounts.