Traders Connect emerges as a relatively recent trade copying system that operates entirely in the cloud. It stands out as the most visually appealing among the listed trade copiers, offering a range of features, including analytics, a copy marketplace, low latency, notifications, and equity protection strategies. These attributes make it an excellent choice for traders seeking to replicate trades across other trading accounts.
Programs & Pricing
When it comes to affordability, Traders Connect emerges as a standout option. The platform provides users with the flexibility of choosing between monthly or annual payment plans. Opting for the annual subscription translates to cost savings in comparison to the month-to-month arrangement. Traders have the option to select between two distinct programs – the Individual and Premium plans – based on their specific requirements.
Monthly Program Pricing
Yearly Program Pricing
Features
There are numerous compelling motives to incorporate Traders Connect into your forex trading toolkit. Its trade copier feature presents a wide array of benefits and practical applications, rendering it an exceptionally alluring inclusion in your arsenal. Below, we outline several compelling reasons why you may find it worthy of your consideration.
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.
Account analytics dashboard
Thorough account analytics are invaluable tools for gaining insights into the performance of your accounts and ensuring you’re on the right track toward your goals. These analytics offer integrations that extend functionality, such as access to an economic calendar and instant notifications sent directly to your Slack group, Discord server, email, and various other platforms. By harnessing these integrated features, traders can stay informed about market events and account activity, empowering them to make informed decisions and navigate the financial landscape with confidence.
In-house technology
Their software has been meticulously crafted from scratch, signifying their independence from third-party dependencies. This demonstrates their commitment to providing one of the most dependable platforms available in the market. Their dedication to building their software from the ground up underscores their emphasis on reliability and stability, setting them apart from competitors who may rely on external connections.
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.
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
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, Traders Connect is a recent cloud-based trade copying system that offers a visually appealing interface and a host of features, including analytics, a copy marketplace, low latency, notifications, and equity protection strategies. These qualities make it an ideal choice for traders looking to duplicate trades across multiple accounts. With its numerous benefits and practical applications, Traders Connect proves to be a compelling addition to any forex trading toolkit, offering seamless trade execution, risk management across portfolios, innovative analytics, in-house technology, and the ability to manage multiple accounts within proprietary trading firms and brokers.
