How to Chose Account Copier

Account copier is forex software allows to copy trades from one on several accounts to one or several accounts. This software very useful for forex signal provider or money managers. Also if you are not experienced trader and if you are looking for successful trading system, you can find account # and investor password   for good system and copy trades from this system to your account with account copier.

What  take into account when choosing an account copier?

• Account Copier type ( API based account copiers, scripts or expert advisor based account copiers)
• Lot scaling parameters – how you can scale lot size on sub-account relatively to main account.
• Delay or execution time
• Do you need to run or keep running sub-accounts
• Reliability
• Advanced options. For example: filters, reverse module, ability to copy only opened orders, etc.

Account Copier Based on Metatrader Scripts or Expert Advisors

Accomplishments:

• High Reliability
• Ease of Use

Weaknesses:

• You should run and keep running all sub-accounts
• Delay (execution) time about 0.5 sec + broker’s execution time
• You should add again scripts after Metatrader restarting

I recommend this type of copiers for money managers with a small number of sub-accounts ( 1- 10). Most popular copier with high reliability and a lot of useful options   for this category is CopyToolPro.

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CopyToolPro information

Official website

Demo (Free) version download link

Free version has some limitations relative to full version:

1) Copied BUY and SELLSTOP orders only
2) Copied orders with 1.0 lots volume only

Account Copier Based on Metatrader API

Accomplishments:

• High Reliability
• Ease of Use
• You do not need to run and keep running  sub-accounts
• Delay (execution) time =0
• Ability to copy trades via internet (useful for forex signals sellers)

Weaknesses:

• Price higher than for scripts based copiers

I recommend this type of copiers for money managers with a large  number of sub-accounts ( more than 5). Most popular copier with high reliability and a lot of useful options   for this category is Multiterminal PowerTradeCopier

Multiterminal PowerTradeCopier Information

Official website

Demo version download link

Demo version has restrictions:
Copied orders with 0.1 lots volume only
Two slave terminals only
Two brokerage compamies only: AlpariUK demo and AlpariUS Demo
Full version does not have these limitations.