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 is a web based platform for anyone that uses MT4.

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. Whitelabels can be setup with a signal leader board, creating your own mini signal site. Avoid investing big for a start, even if the trader or the trade copiers you follow show excellent performance. A manual social tradercan turn to the community to reduce risk by diversifying their strategies.

You start a $200,000 FTMO challenge accountand add it to the copier, as well as a LuxTradingFirmchallenge too. There is always the possibility of being easily persuaded, especially for rookie traders. I’ve been testing Social Trader Tools and think it is fantastic. However, it does not work with some trade strategies due to latency slippage. The back end allows the ability to configure a minimum slippage, but we have found that under 3 pips trades are not executed.

Join over 500+ members in an online Slack workspace, we trade the market with a combination of a discretionary ‘patterns’ style whilst incorporating ‘smart money’ concepts. This has generated $222m in trade, creating a range of impacts from jobs, training, community services, charitable donations and positive environmental outcomes. You can use our Publishing & Social Tools to achieve various goals — from adding a real-time stream of ideas to building an entire social network just like TradingView. If you have any questions on how to integrate the widgets, definitely reach out to us.

You can put your trust in a trader who combines these two strategies because they offer better security. Choose a regulated social trading site with good trade copiers. The Trade copier charges a fixed cost of $0.50 for each duplicated trade. Experienced social traders who want to profit from their own deals might get fast payments when they are duplicated. Following the development of social networks, a new trend has emerged in the field of online brokering, called community trading.

We cannot and will not hide the fact that trading naturally comes with risks, we are risk takers. Often Trading gets confused with ‘Gambling’ because of this. The first part of the strategy is what we call the ‘Pattern Strategy’. By understanding this part of the strategy you will develop a sharp eye for market structure and overall market discretion, allowing you to right side of the market. When you enrol on a The Social Traders programme you get full access to our expert team, an interactive and user-friendly dashboard plus an extensive vault of premium content, available on-demand.

Private Trading Group

The best platforms allow you to limit your risk either by trading a small percentage of your total account for each transaction you copy or by allocating a set amount of your account to a specific user. Diversify your portfolio by copying the trades of several experienced traders. Costs.Choose a trade copier platform that charges the lowest trading fees. Although the social networking aspect is usually free, you may have to pay to place trades. Experienced social traderand even those who can achieve strong performance can find their account by studying the strategies of other successful traders. Trade copiers are extremely customizable, with a wide range of risk kinds and parameters to accommodate all eventualities.

We acknowledge the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past, present and emerging. We extend that respect to all Aboriginal and Torres Strait Islander peoples.

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. You would still only be having to open, manage and close positions on your personal trading account. Choice of assets.When social trading platforms first became popular, they were primarily focused on forex trading.

However, over time most platforms offer a lot of assets, and you will need to make sure that what you want to trade is available. 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… As you can see from the video above, setting the trade copier up is extremely quick and simple. Reliability.When copying a transaction, there will be a slight delay before it is executed on your platform.

Trading Principles That Are Guaranteed To Make You A Better Trader

You only need to register to begin using it, and it’s simple to duplicate each deal directly to your eToro account. Followers of social trading elevate it to the same level as technical or fundamental analysis by following the trading accounts connected and using trade copier platforms. While this certainly isn’t for your average trader, this does give advanced traders the ability to start their own service and provide the community with account management, trade copying or Forex signals. Everything comes across as professional and seamless, but I do recommend that anyone interested in the platform applies for a demo so that they can see if this fits their requirements. The dashboard allows you to add pretty much unlimited MT4 accounts, regardless of which broker you’re using. Having all of your accounts/investor accounts compiled in one dashboard is so useful for money managers or traders scaling up their operations.

With Social Trader Tools, you can offer your own trading account out to other users as a signal via a signal page. One of the most popular features on the eToro platform, CopyTrader, gives you the ability to watch real traders in real-time and copy their trades automatically. Whenever he concludes or enters, you conclude exactly the same. Social Trader Tools is a service that offers copy trading, account management and Forex signals.

Social Trading

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. In-depth information.If you plan to utilize social trader tools to copy other users, you will find it beneficial to have as much information about their trading history as possible.

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. Community trading is, above all, a means of helping traders lacking the inspiration to invest in the markets. It makes it possible to be able to exchange with other brokers and thus support its strategy.

• All we ask is that you treat trading seriously and approach it as a business, not a hobby.
• Because of the variety of services available, eToro is one of the greatest social trader tools.
• 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.
• No content locks, gain full access to all current and upcoming PRO content to master the FX markets with a true understanding of technicals, mindset and psychology.
• It is an online grouping of a community interested in the same subject, namely mirror trading, and which thus bases its trading decisions mainly, or even solely, on the places taken by other brokers.
• 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.
• 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.

This could mean that you get a lower price than the social trader announced. Read customer reviews on each platform that offers social trader tools to get an idea of ​​the reliability and speed of its trading service. Here, we will look at top social trader tools, a tool for copy trades, risk management, and reverse copying.

Sort & Time

The social broker community is distinguished by an intensive interchange of information regarding trading accounts and collaboration. Data exchange refers to the open flow of information https://xcritical.com/ between investors and their social trader tools. Online trading systems that feature the fastest copier service can do this by displaying traders’ activities in real-time.

There really isn’t much in terms of reviews yet online, but there are a couple five star testimonials available on the website. We then implement smart money concept techniques to account for market liquidity and manipulation whilst also providing mechanical approach on entries. We combine the use of Pure Price Action, Market Structure and Patterns to give us a unique edge on the live markets. We do this whilst understanding institutional liquidity and profit taking areas. Manage existing trades only – No new trades will be copied but existing trades will be managed to conclusion.

About Social Trader Tools

This comes in written and video format and includes a 15 minute+ evening video update covering live positions, areas of interest and trade management. The Social Traders is a partner of prop firm FTMO and Funding Talent. Subsequently this means you can learn how to trade with us and get funded with a live account. Usually, companies will have a huge amount of reviews on Trustpilotand ForexPeaceArmy, which is where we usually take a look. The copier is one of the best on the market and definitely ranks higher than most of the Top Forex Trade Copiers.

So I don’t suffer so much slippage, but you cannot it completely. Otherwise you can use pending orders with predefined entry price, with Duplikium you can copy them directly on the slave account. Regarding our customer service, I fundamentally disagree that “we ignore and take our time when replying to customers”.

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. Mismanagement of open deals is one of the leading causes of forex losses, costing traders millions of dollars per day. The trade copieris the most popular feature within Social Trader Tools platform.

Belonging To A Social Trader Society

The type of social traders– It is interesting to know if the trader you decide to follow works alone or if he is within a company, or if he is part of a hedge fund. You also need to know if he uses systems for signal analysis in an automated way or if he trades in a manual way. The trade copier ranks traders based on how much profit they produce using a unique algorithm. Before following or replicating trades, you may look for top-rated traders and evaluate data. When you copy a trader, you may establish risk parameters, and the entire process is automated.

Without overcomplicating things – we have created an edge that is compiled from the most effective techniques used in the markets. We’ve thrown out what wasn’t working and boiled a strategy down to 2 main elements. When you enrol on our TST Pro programme you get what is forex signals immediate and full access to daily trading and guidance mentorship. Our membership delivers proven frameworks with high-value development programmes. No filler, no fluff, just all the stuff you need to become a better trader and stay on track of your goals.

If we started creating barriers to our community such as broker deposits, It wouldn’t be very Social! However, if you would like a reduced fee access to our Pro features you can do so by using our trusted partnered broker. Social Trader Tools is by far the most advanced & simple-to-use software that is out today for traders. Simply upload your account credentials to the platform and your accounts will be hosted securely in the cloud 24/7.

What Is Social Trader Tools?

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.

The search time for opportunities is therefore reduced, as these are freely accessible and often centralized on the platform. To respect the principle of diversification and reduce risk, some investors consist of portfolios of traders with varied profiles and strategies. The platform is owned and operated by Titanium Financial Technology. Get direct areas of interest and analysis sent straight to your mobile device.