Social Trader Tools Reviews Read Customer Service Reviews of socialtradertools com

1st time I used them I already noticed that their system is really slow. Many trades are not copied to other members from Master account, upgrade of account is not working. Starting with SocialTrading Tools is a straightforward process that requires a few steps. Once you enter your details, you will be offered to select your account hosting package .

I help people to copy my trades to pass their challenges such as on FTMO. If you don’t know how to configure the systems, this is not the fault of the platform. SocialTrading Tools is a sophisticated platform attractive for advanced traders. It is built well, and it has the advantage of being cloud-based independent from any VPS. If you are an expert trader with many years of experience, undoubtedly, the notion of starting your service is alluring. Social Trader Tools allows you to manage an unlimited amount of MT4/MT5 accounts from any MT4/MT5 broker, all from one platform.

This comes in written and video format and includes a 15 minute+ evening video update covering live positions, areas of interest and trade management. All major credit cards and PayPal are accepted for payment of the plans, which are based on a monthly subscription. Sometimes it loses connection to the server and it could be irritating when that happens, but so far it happens very rarely.

Very unreliable system, can definitely make you loose money and they wont be responsible.

The lowest plan is for copying between 2 accounts ($20 per month), and then they go straight to 5 accounts ($60 per month). This Social Trader Tools is a great tool that I use to copy my trade across 3 accounts. Unfortunately, there isn’t also a demo account or limited free trial, so in our opinion, you may start with up to 5 accounts and check if it works for you. This system involves selecting traders who generally have more experience and a higher success rate and replicating their trades…. You can also restrict what brokers can be used on your Whitelabel and even add a broker affiliate link to funnel users to your preferred broker.

Click hereto read more in-depth analyses of various social and copy trading platforms. This isn’t a feature that any of the other leading trade copiersoffer, so I would certainly take advantage of this soon if this business model would be of interest to you. If you are looking to start a trading business or have an existing brand, you can whitelabel our platform and offer out signals to your own audience. Whitelabels can be setup with a signal leader board, creating your own mini signal site.

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All of the juicy details about Social Trader Tools are defaulted by the not so good reviews provided by traders who have traded first-hand with them. You may need to consider other trade copiers to make an objective decision. However, the lack of a demo account and the subscription fee of 20 USD per month could be a setback. Inexperienced traders, on another side, should search for other social and copy trading opportunities. It is useful amidst advanced traders and service providers looking for a platform to serve their community.

Social Trader Tools is an excellent web-based platform for traders who want to use a trade copier and manage all their accounts in one place. Even though it is more expensive than alternatives such as MT4 Copier, because it’s cloud-based, you’ll save time and be up and running in about 5 minutes. Social trader tools for fund managers and copy traders looking to take on more trading accounts. Social Trader Tools is a program designed for forex traders who want to duplicate deals from one account to several others automatically. All you would need is the MetaTrader accountof the investor, and you could sign them up onto the trade copier.

Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders. Usually, companies will have a huge amount of reviews on Trustpilotand ForexPeaceArmy, which is where we usually take a look. The copier is one of the best on the market and definitely ranks higher than most of the Top Forex Trade Copiers. In fact, besides potentially the MT4 Copier, I think the features and stability of the trade copier makes it one of the best in the industry, without a doubt. Simply upload your account credentials to the platform and your accounts will be hosted securely in the cloud 24/7.

Social Trader Tools Plans and Pricing

Social Trader Tools is by far the most advanced & simple-to-use software that is out today for traders. Signal pages are publicly viewable urls with a long random code, so it can not be guessed, so you are never competing with other signals on the platform. They can be simply used to showcase your trading results or you can define terms by which users can follow your signals either paid or for free. If you are copying your trades from your accounts, Myforexfunds Allow Copy Trading. Mirror trading is similar to copy trading, but there are slight differences. Social Trader Tools is a comprehensive set of tools and features that will significantly improve your trading ability.

Submit your account credentials to the platform, and all your exchange accounts will be safely housed in the cloud 24 hours a day, seven days a week. Join over 500+ members in an online Slack workspace, we trade the market with a combination of a discretionary ‘patterns’ style whilst incorporating ‘smart money’ concepts. You start a $200,000 FTMO challenge accountand add it to the copier, as well as a LuxTradingFirmchallenge too. Pexels.comYou must always keep an eye on the market and only trade if you know what is happening.

It is also very very difficult to even connect a simple account to the system. As you can see from the video above, setting the trade copier up is extremely quick and simple. Once you have determined that the platform is regulated within your region, you must ensure that it contains all of the features you want, like the following.

What Are Social Trader Tools?

Looking for a trading community committed to success as much as you are? Acorn 2 Oak team of experts are constantly looking for products and services that answer high-quality criteria. It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBrokerReport.com has some data verified, it can vary from time to time.

• If you are an expert trader with many years of experience, undoubtedly, the notion of starting your service is alluring.
• Then, you can use this data to create and perform a custom trade or replicate the trade directly.
• At the end of this post, you will get to know everything about Social Trader Tool, features, pricing and what other traders are saying about this forex trade copier.
• According to the company website, you can cancel your subscription at any point, but you won’t be refunded the remaining amount of your subscription.
• As you can see from the video above, setting the trade copier up is extremely quick and simple.
• Mismanagement of open trades is one of the leading causes of forex losses, costing traders millions of dollars every day.

This price is very competitive, with some of our most valuable automated trading software brokers listed. Social Trader Tools platform is completely cloud hosted with a web portal to login. This means that you don’t need to download multiple MT4 copies, install anything local and can monitor the accounts from anywhere with internet connection. https://xcritical.com/ The majority of the trade copiers on our Top Forex Trade Copierslist require a ForexVPSto run properly – so it’s nice not having to worry about setting anything up. In contrast, merchants were required to do their market analysis in the past. Manual error is one of the largest causes of loses with forex traders, mostly in the retail sector.

Social Trader Tools

The Social Trading software provides an easy-to-use way to extend MetaTrader 4, 5, or 8 trading strategies. You can add your brand’s logo and select from a variety of style alternatives. The brokers that can be utilized on your Whitelabel can also be limited, and you can even include a broker affiliate link to direct users to the broker of your choice. One of the main function of the Social Trader tool is to copy trades, and it rightly does so with one of the fastest average replication speed on the market at 50 ms.

Making money with social commerce largely depends upon several factors. Social Trader Tools is a trade copying tool and one of the top leading trade copier tools in the forex market right now. Traders can now manage an unlimited number of MT4/MT5 accounts from any MT4/MT5 broker via Social Trader tool. In the middle of copying trades the system suddenly lost connection to my account missing a few trades that has been already placed. Customer service simply said they are not responsible for any losses tho they clearly admitted it was their system that was facing issues.

Trading copiers have highly configurable risk profiles covering several scenarios. Facebook and Twitter are two social networking platforms that the majority of us are familiar with. Futures and options trading has large potential rewards, but also large potential risk.

A platform for Traders

It allows the typical Joe to benefit from the expertise of full-time traders. Performance fee – A monthly fee based on a percentage of profit achieved following the signal, on a high watermark basis. Risk Multiplier by Equity – Proportional lot size based the equity of both accounts. Risk Multiplier by Balance – Proportional lot size based the balance of both accounts.

For example, the majority of forex traders are going to use 1% risk per trade, potentially moving up to 2%. You could keep your main account on 1% risk, then have copier accounts running 5-10% risk, on much lower capital. Although they are much higher risk, they will only amount to a small percentage of your portfolio and be running completely automated.

The worst trade copier with the worst customer service!

Real time Email alert;Trading a 24 hour market necessitates that you keep track of your exposure and activities. By checking a box, Social Trader Tools allows you to set up real-time email alerts for any trading activity. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. They offered a refund for my 1 month subscription but of course not the 1000$ for the 200k challenge “as a gesture of goodwill we already offered you a refund on our service”…. I now had 6 US30 trades open, but this time their system screwed up badly, because it took an astonishing 12 seconds to close six! This then caused me to fail my challenge as these 12 seconds resulted in me exceeding my max daily drawdown because the price of course continue to move…

Traders running signal services or managing investors funds are more likely going to need the premium package, which covers 20 accounts for $220. It’s worth knowing that if you need more than 20 accounts on your trade copier, more packages are available. If you are a trading expert, register as a partner, and let’s grow business together! If you follow successful traders, it will be logical to learn from others. There are better methods to make money than Losing trades by taking unrealistic risks. Social trading sounds very easy – look for the best traders, then copy trades.