Copy trades to earn automatically on Forex and CFDs
Are you a beginner trader in Forex or struggling to make profits by trading by yourself?
Then why don’t you start copying trades of professional traders?
Today, there are various services and platforms that provide many profitable Trading Signals with Automatic Execution on Your Account.
“Signal” is provided from master traders (signal providers), and a copy-trading service allows you to automatically copy provider’s trades on your trading account.
Using Signals is a great way for beginners to boost Forex trading efficiency.
It is very easy to start copy trading in Forex. You only need to hoose a signal you are interested in and subscribe to it in a few clicks.
Monitored accounts are provided with a detailed statistics and trading history.
To start copy trading, you don’t need to be an expert in analyzing the market movements, but only need to know how to choose the most efficient signal providers.
Best 3 Forex Copy Trading Systems
Do you want to start copy trading in Forex but you don’t know where to get started?
In this article, we introduce you the 3 most popular Copy trading services that have the possibility to make you stable income from 5% to 30% monthly.
Save your time and start copying trades today!
Do you want to manage your account from everywhere? These services also have mobile version of the application that will help you to analyze market data and perform trades when you are away from your PC.
The most famous MT4 and MT5 platforms provide the most efficient and low-cost copy trading service that is proven by the long history of its signal providers.
MQL4 and MQL5 are the websites you can log in to engage in discussion with other users, develop automated trading systems, connect trading strategies and indicators to your accounts.
*The MQL4 is the website for MT4 platforms (accounts) and the MQL5 is the website for MT5 platforms (accounts).
The steps you need to follow to start the copy trading through MQL4 and MQL5 are very simple:
- Go to MQL4 or MQL5 websites, and create your account;
- Go to “Signals” and search through thousands of signal providers;
- After deciding which signal you want to copy, log in to your account on the website to start copying.
Normally, signal providers charge about 30 or 40 USD per month of fee.
One of the great advantage of copy trading with signal providers of MQL4 and MQL5 is that you only need to pay the monthly fee decided by each signal provider but not a performance fee.
But why paying a performance fee can be a bad thing for copy traders?
It is because some signal providers aim to earn a higher amount of performance fee by making a profit in a month by performing high-risk trading strategies.
Paying a monthly performance fee provides a great merit for signal providers who aim for a short term profit, while paying a fixed monthly fee makes signal providers to do a long-term profitable trading strategies.
What are MQL4 and MQL5 first of all?
MQL4 and MQL5 websites are available for all account holders of MetaTrader® 4 and MetaTrader® 5 Trading Terminals.
After the free-of-cost registration on MQL4 and MQL5, you can start exploring the websites to find all the available technical indicators, EAs and trading signals.
Many of the tools/services are free, while some charge you a fixed monthly fee (about 30 USD) or one-time payment which allows you to use the tool for unlimited time period.
Once choosing the tool you want to use, you can easily connect your account to MQL4 and MQL5 just by logging in.
So your overall steps will only be: Register on MQL4 and MQL5, Find the tool, Make a payment, and connect your account directly on the website.
Then your account will start copying the trades from signal providers or EAs, and/or have the custom indicator to select in the “Navigator” section.
All services, including MT4, MT5, MQL4 and MQL5 are free of charge to start exploring.
Do you already have a MT4 or MT5 account? Then register for free on MQL4 and MQL5 websites to connect your account for trading signals, EAs and many more tools today.
You don’t have a MQL4 or MQL5 yet? Over a hundred of brokerage companies and banks use MetaTrader 4 online trading platform to provide their services for customers.
See the list of Forex and CFD brokers that provide MT4 and MT5 platforms here.
ZuluTrade is a social and copy trading platform.
ZuluTrade is partnered with about 100 brokers and provides the copy trading with top and curated Traders in Forex, Indices, Commodities, Stock & Cryptos CFDs!
Just like MQL4 and MQL5, ZuluTrade also provides detailed and verified statistics and data of all signal providers so you can choose the right signal providers to meet your investment goals.
To start using ZuluTrade’s copy trading service, you need to follow the steps below:
- Register for free on ZuluTrade;
- Choose a Forex broker to open an account with;
- Choose a signal provider to copy trade from;
- Your account will start copying trades
Test-drive the ZuluTrade Platform and practice copy trading by opening a FREE Demo account with all features available.
Zulutrade’s connect traders and brokers worldwide 24/7
Zulutrade’s platform works as one ecosystem.
Through Zulutrade’s copy trading platform, there are more than 50 Forex brokers connected to traders and investors.
After opening an account with Zulutrade, you can open a Forex account with any of these brokers directly.
You can take advantage of the fact that ZuluTrade Traders (Signal Providers), are active in virtually every country and time zone of the world.
You can grasp opportunities in the 24-hour financial markets without the need of being in front of their PC all of the time or of having professional financial training.
The supported brokers by Zulutrade’s copy trading platform include FXCM, AAAFX, OANDA, Tickmill, ThinkMarkets, AVATRADE, FXDD, SWISSQUOTE, EverFx, IcMarkets, Pepperstone, Amana Capital, ADSS, GKFX Prime, AxiTrader, Weltrade, NPBFx, and more.
Sign up on ZuluTrade today and connect your fund to over 100.000 Top and curated Traders and strategies to follow and copy automatically from everywhere, without having to monitor the Financial Markets 24/7.
3. Pelican Trading
Pelican Trading is relatively a new copy trading platform where you can copy trade, chat, and earn.
Sign up for a broker that has integrated the Pelican Trading to:
- Copy traders 24 hours a day without accessing your trading account;
- Talk to other traders and learn from the best;
- See trader performance and statistics;
- Join Mentor groups, learn and follow their signals.
And much more.
Ask the crowd, learn from the best, then make your move. Pelican Trading connects you to the traders that matter.
Here are some features and advantages Pelican Trading offers.
- Just one tap to start copying trades of other professional traders. Use the app the manage your account anywhere on the go.
- Connect and Chat
- Find a group or create your own. Pelican is where trading comes to life. You can even challenge a friend’s trade or inverse the one who always gets it wrong.
- Mobile App
- Pelican turns your phone into a market neutral trading terminal. Trade global markets 24hrs a day from anywhere in the world.
- Pelican Trading is one of the few regulated trading apps where you can chat and trade on one platform.
To start using Pelican’s copy trading service, you need to open an account with one of the following brokers:
Start your trading journey with a £10,000 virtual balance and trade the markets risk free.