This platform is unique because traders can generally manage copy trades on the fly. It’s important to understand that MT4 is suitable for both beginners in the crypto Universe and those with some valuable experience. Intelligent copy trading on MT4 can earn huge profits over time.

At the moment, we don’t offer a trial for Signal Magician, but Signal Magician is backed with a 30-day money back guarantee. If it’s not for you, just request a refund by contacting our support here. Connect your MailChimp account to add all users to your e-mail list automatically and assign to proper groups by subscription status.

How the license is limited to computers?

This famous platform was developed by MetaQuotes Software, licensed to foreign exchange brokers. They provide the software to all their interested clients worldwide. Remember, though, that copy trading isn’t a shortcut to riches. You’ll still need to pick the right broker and understand the concepts at play when trades are posted to your account, otherwise you’ll likely get burned. If you want to get started copy trading, first open a demo account at one of the brokers listed above. You won’t risk any money and you’ll learn what types of trades you want to emulate.

If a trader prefers to execute original trades manually, they may look for brokerages that provide MAM or PAMM services. Signal Magician is standalone software, and you do not need to have a website to use it. Obviously, it is best practice to have a website when offering online services like trading signals, and you can build your website in HTML, WordPress, or some other similar platform. We charge a fixed fee based on your selected plan and offer monthly and annual subscription plans.

Trading signals

You can even use MT4 Expert Advisors on MT5 and vice versa because you can copy trades from MT4 to MT5 and from MT5 to MT4 with the Local Trade Copier™ software. Local Trade Copier™ allows you to copy trades from different master accounts and merge them into one account (Portfolio). Local Trade Copier™ automatically adjusts the size of each copied trade to keep the same risk and reward percentage. https://forexhistory.info/ Automatic lot allocation is applied separately for each client account you connect. If Frank Forex has a down year, you can choose to unlink your account with his and move on to Cindy Currency, the next high-rising trader you’d like to emulate. You should think of copy trading just like shopping for a renewable household item—when a better deal comes along, you should switch.

Even the best traders go through long, cold streaks and they might have more capital to burn than you do. Copy trading is a way to avoid the nuts and bolts of the forex market, but it’s https://forex-world.net/ not an excuse to be ignorant. If you want a variety of trading platforms, Blackbull Markets is a good bet. The platform offers seven trading platforms including MetaTrader 4 and 5.

You never have clients

Almost nothing can beat email marketing in terms of efficiency. It is the cheapest way to promote services and offers to your clients with instant impact. The best part of the offer for traders is that no marketing is required as the broker does it for them. With the GOLD plan, you can have 100 active clients before we ask for the upgrade payment to the next plan.

Signal Magician is set up in a way to offer the fastest possible copy trading speed. Many clients worry that if MetaTrader accounts are hosted in a different country, they will experience delays. Still, our practice shows that it is enough to have a connection latency with your broker of 100ms or less. The Local Trade Copier™ will work without any special configuration and by using its default settings.

Add a License Key Protection to Your Expert Advisor or Indicator

In fact, more than one million traders make use of the platform in more than 169 countries. The platform has low fees and supports multiple trading platforms. Portfolio managers usually run multiple accounts for their clients at different brokerages and may need to copy trades from one MT4 to another.

It also offers educational resources for every level of trader. If you’re a beginner trader you will find educational resources and tools to help you get in the game, and if you’re an advanced trader, you will find what you need to up your game. Benzinga has chosen the five best copy trading forex brokers available today. Use these five https://bigbostrade.com/ as a starting point for your research, but remember, not every trader has the same needs. To chose one of the Forex signals, first of all go to the /en/signals page that has a list of all the Forex trading signals providers. As professional money managers we required a platform to manage our trading accounts and risk effectively.

Can I share my Local Trade Copier™ license with a friend?

It is recommended to use signals with similar trading conditions. We have created not only the technology but all the basic website content that is required for the launch of a product for retail clients. Offer your clients the opportunity to do what they did before but earn more.

• If a trader prefers to execute original trades manually, they may look for brokerages that provide MAM or PAMM services.
• With the emergence of MT4 copy trading, all that has changed.
• For years, enthusiastic traders have utilized MetaTrader 4 to trade numerous financial assets.
• If you don’t receive an email with the download link in 60 minutes, contact support here.