The Duplikium trade copier is essentially a cloud-hosted tool enabling traders to replicate trades from a master account to multiple copier accounts. It is touted as the fastest solution available, facilitating trade replication in under 1 millisecond due to its data centers located in LD4 and NY4, known for their optimal low-latency conditions. The Duplikium trade copier provides connectivity to various trading accounts, from cTrader to MetaTrader 4, catering to the needs of all retail traders.
Programs & Pricing
Duplikium offers two distinct programs tailored to traders interested in utilizing the platform. The initial option is entirely complimentary, serving essentially as a demo version. With this option, users can only link one master account and one copier account, and there are limitations on trade volume, frequency, and absence of alerts. Nevertheless, this setup provides ample opportunity for traders to acquaint themselves with the platform and assess its capabilities.
On the other hand, the more favored Duplikium program is the Flexible program. With this option, users gain access to the full array of tools, but payment is structured based on the number of accounts added, potentially proving cost-effective for certain traders. For instance, subscribing to 10 accounts will cost €120 per month, while 100 accounts will cost €900 per month, resulting in reduced costs as more accounts are incorporated into the service.
Features
Many of the leading Forex trade copiers are entering the market with highly appealing offerings and an array of indispensable features for retail traders. Now, let’s explore the features Duplikium brings to the table.
Copy trades to unlimited accounts
While the cost and pricing arrangement may vary depending on the number of accounts to which you’re copying trades, the fundamental structure remains consistent. Whether you’re copying trades to 4 accounts or 400, the scalability of the infrastructure ensures endless possibilities.
Supervise risk across a portfolio of accounts
By utilizing this service, you can effectively manage risk across multiple accounts simultaneously, as you have the capability to predefine the risk parameters for the client or slave accounts. Your portfolio could be divided as follows:
- Master Account – 2% risk per position
- Slave Account 1 – 4% risk per position
- Slave Account 2 – 1.5% risk per position
Having the option to specify the level of risk you wish to assume per trade on individual accounts provides a high degree of flexibility, enabling you to seize opportunities in higher-risk trading scenarios without jeopardizing your primary capital.
Cloud-based trade copier
The platform operates entirely within the cloud, eliminating the need to install any programs or platforms on your local hardware. Unlike with some of the leading trade copiers, which typically require a Forex VPS to run the EA, you can skip this step altogether. While obtaining a VPS is generally straightforward, cheap, and often sufficient, bypassing this expense is always advantageous. Additionally, this setup allows you to access the dashboard and monitor all copier accounts from anywhere in the world, making it ideal for traders who are frequently on the move.
Manage multiple accounts within proprietary trading firms
The best feature is allowing traders to scale their prop firm funding by copying trades to multiple accounts at the same time. By using some of the Best Prop Firms, you’re able to take on huge amounts of trading capital relatively fast. Your trading portfolio could look something like this:
- Main account trading 2% risk with BlackBull Markets
- FundedNext Two-step Stellar Challenge $200k account size
- The Funded Trader Royal Challenge $50k account size
- Funding Pips Evaluation Program $100k account size
Diversify risk among different brokers
As a forex trader, it’s crucial to avoid overexposure to a single broker. While regulated brokers typically offer greater security against insolvency, offshore brokers pose a higher risk of sudden closure. Relying solely on one brokerage account can be extremely risky. However, utilizing a trade copier allows you to distribute your capital across multiple brokers. For instance, you could allocate funds to a primary account with BlackBull Markets, a slave account with Purple Trading, and another slave account with XM, thereby evenly spreading your risk.
Why Is Using a Trade Copier Beneficial for Forex Trading?
A trade copier is essentially a software tool employed to duplicate trades across numerous trading accounts. It stands out as the most convenient and effective method for simultaneously managing multiple trading accounts, allowing for the execution of identical trades across various trading platforms.
What are the benefits of using a Trade Copier?
- You can connect numerous trading accounts of different Brokers.
- You can connect numerous Proprietary Trading Firm trading accounts.
- You can manage and customize risk between numerous trading accounts.
As stated above, incorporating a Trade Copier into your trading activity can provide a wide range of advantages. For example, when pairing them with multiple trading accounts, you can strengthen the benefits they offer to an even larger extent.
| Trading Account | Account Size | Account Type |
|---|---|---|
| Prop Firm Account | $200,000 Account | Master Account |
| Broker Account | €12,000 Account | Slave Account |
| Prop Firm Account | $50,000 Account | Slave Account |
| Prop Firm Account | $100,000 Account | Slave Account |
| Broker Account | $7,000 Account | Slave Account |
| Trading Account | Account Size | Risk per Position |
|---|---|---|
| Prop Firm (FundedNext) | $200,000 Evaluation Account | 0.4% per trade ($800) |
| Broker (BlackBull Markets) | €12,000 Account | 1% per trade (€120) |
| Prop Firm (The Funded Trader) | $50,000 Funded Account | 0.2% per trade ($100) |
| Prop Firm (Funding Pips) | $100,000 Funded Account | 0.35% per trade ($350) |
| Broker (XM) | $7,000 Account | 1.5% per trade ($105) |
Additionally, with the utilization of a VPS server, such as Forex VPS, you guarantee yourself a consistently low latency and a robust connection, thereby ensuring uninterrupted operation of your Trade Copier around the clock. When seamlessly integrated into your network of trading accounts linked by a Trade Copier, this integration can yield significant enhancements in your trading results. This is primarily due to the elimination of manual trade execution across all your accounts. Instead, you simply execute the trade on your Master account, and the Trade Copier autonomously duplicates it across all the connected Slave accounts. By adopting this methodology and configuring specific risk parameters for each linked trading account, you can optimize your risk management for every position, irrespective of the current balance available in any of your trading accounts.
Conclusion
In conclusion, the Duplikium trade copier emerges as a commendable software solution for traders seeking to replicate trades across multiple accounts seamlessly. Operating as a cloud-hosted tool, it facilitates the replication of trades from a master account to multiple copier accounts. With its reputation as one of the fastest solutions available, providing trade replication in milliseconds thanks to strategically positioned data centers, which ensure optimal low-latency conditions. Moreover, the Duplikium trade copier offers connectivity to diverse trading accounts, ranging from cTrader to MetaTrader 4, thereby accommodating the needs of a wide spectrum of retail traders.
