Telegram FX Copier delivers precisely as promised. It seamlessly replicates trading signals from Telegram to your MT4 or MT5 trading accounts. With this tool, more than 8500 traders worldwide can leverage these trade signals without the need to constantly monitor their mobile devices, enabling them to carry on with their daily activities uninterrupted.
Programs & Pricing
When compared to other forex trade copiers, the pricing of the Telegram FX Copier remains highly competitive and does not fall excessively on the higher end of the spectrum. It’s important to note that the price of $179 for a single MetaTrader account with Telegram FX Copier is not subscription-based. Instead, it offers a lifetime license. Considering the potential earnings facilitated by utilizing this trade copier over several months or even years, the cost appears quite minimal.
Features
Telegram FX Copier provides a comprehensive range of highly practical features crafted to elevate your trading journey. Let’s delve into these features to gain a deeper understanding of how they can enhance and refine your trading strategies, ultimately optimizing your overall trading experience.
Execute trades across numerous trading accounts simultaneously
The trade copier operates by effortlessly duplicating your trades from one trading account to multiple other accounts. This can be executed across different brokers, base currencies, and account sizes. Once configured, which typically takes approximately 5 minutes, you can concurrently trade across multiple accounts until you deactivate the trade copier, rendering it entirely passive and self-sustaining.
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.
Integrated risk management tool
The tool provides an extensive array of risk management features, empowering you to tailor stop losses, take profits, risk levels, lot sizes, and more to your preferences. In addition to these risk management capabilities, there’s an analytics panel that provides insights into the profitability of your Telegram channels over time, distinguishing between those contributing positively to your account balance and those detracting from it. This unique feature sets it apart from competitors, offering invaluable insights that enable you to eliminate unprofitable channels as necessary.
Compatible with all Telegram channels
Telegram FX Copier seamlessly integrates with all Telegram channels and chats, ensuring compatibility regardless of the groups you’re part of. Unlike some other providers limited to specific channel types, Telegram FX Copier offers universal functionality, enabling you to copy trades from any channel of your choice.
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 Telegram FX Copier proves to be an invaluable tool for efficiently replicating forex trades from Telegram to your MT4 and MT5 accounts. While it may have a narrower scope compared to certain other trade copiers, specializing solely in Telegram, its performance surpasses many other solutions available within the industry.
