Many traders find it challenging to stay on top of the ever-changing market when trading futures. One way to find success in Futures Copy Trading is to use a trade copier to make the process easier.
The FXBlue Trade Copier is one of the best trade copier solutions available today. This guide will explore the FXBlue Trade Copier and help you determine if it’s the right solution for your futures trading goals.
As you read, consider the benefits of using a futures trading VPS as the optimal place to run your trade copier. A VPS can help automate your trading activities and ensure your operations run smoothly and efficiently 24/7.
What Is the FXBlue Trade Copier?
FX Blue Trade Copier: The Fast and Easy Way to Copy Trades between Accounts
The FX Blue Trade Copier effortlessly replicates trades across multiple installations of MT4 or MT5 on a single computer. Just employ the MT4 EA within MT4 and the MT5 EA within MT5. It is compatible with any broker. Trade duplication occurs almost instantly, subject only to your broker’s processing speed.
Numerous configurable options offer the flexibility to adjust lot sizes, manage risk, reverse trade direction, specify which trades to replicate, and further enhance the copier by incorporating custom MQL code according to your preferences.
Programs & Pricing
The FX Blue Trade Copier is a freely accessible service. Both the MT4 and MT5 versions seamlessly interact with one another, allowing for bidirectional trade copying between the two platforms.
Features
FX Blue Trade Copier provides many highly valuable features that enrich your trading journey. Let’s examine these features to understand how they can refine and elevate your trading strategies.
Supervise risk across a portfolio of accounts.
Utilizing this service allows you to manage risk across multiple accounts simultaneously, as you can 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.
Execute trades across numerous trading accounts simultaneously.
The trade copier efficiently replicates your trades from a single trading account to numerous others. This functionality extends across various brokers, base currencies, and account sizes. Once set up, which usually only takes a few minutes, you can simultaneously manage trades across multiple accounts until you deactivate the trade copier, making it wholly passive and self-sufficient.
Manage multiple accounts within proprietary trading firms
The best feature is allowing traders to simultaneously scale their prop firm funding by copying trades to numerous accounts. You can quickly take on vast trading capital using some of the Best Prop Firms. 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 futures trader, avoiding overexposure to a single broker is crucial. 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 with XM, thereby evenly spreading your risk.
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9 Best FXBlue Trade Copier Alternatives
1. TELEGRAMFXCOPIER: The Top Futures Trade Copier
TELEGRAMFXCOPIER is the leading futures trade copier today. This unique tool automatically analyzes and copies futures trades from Telegram groups into your Metatrader 4 or Metatrader 5 account. Thousands of traders across the globe use TELEGRAMFXCOPIER to copy trades from Telegram providers while they sleep, travel, or enjoy time with family. With more than 5,800 happy customers, it is the most popular trade copier in the market.
2. Forex Trade Copier 3: The Reliable Downloadable Software
Forex Trade Copier 3 is another reliable option for copying forex and futures trades. This downloadable software allows users to copy trades between MT4 or MT5 accounts. Nearly 5,000 traders in 122 countries now use the program, which comes with a demo version so you can test it before you buy. One of the best features of Forex Trade Copier 3 is its ability to resume copying trades even after an internet drop.
3. Duplikium: The Flexible Copier with Unique Features
Duplikium is one of the most flexible forex and futures trade copiers on the market. It requires no installation on the customer’s side, and there’s no VPS, PC, or server to run 24/7. Duplikium is self-hosted, meaning everything is managed by the forex trade copier.
4. 4X Solutions: A Leading Technology for Traders and Brokers
4X Solutions is a leading technology traders and brokers use to copy and execute trades, increase profits, and manage risks. This forex and futures trading copier’s technology supports any MT4 or MT5 broker globally, with over 1,200 servers currently in use. 4X Solutions also supports the ability to copy between other brokers and accounts located within the USA with exact configurations. 4X Solutions is trusted by the world’s leading brokers, including FxPro, FxChoice, Infinox, and many more.
5. Local Trade Copier: The Private Forex Trade Copier
Local Trade Copier allows users to open the same trades on many MT4 platforms. With LTC, trades and signals can be replicated between any type of MT4 account, including genuine accounts, demo accounts, spread betting accounts, and more. Besides LTC being a large forex and futures trade copier, it is 100% confidential. LTC respects the privacy of its users in a way that you do not even need to share your MT4 password, and your signals and trades are 100% private.
6. FX-Tradecopier: One of the Fastest-Growing Trade Copiers
FX-Tradecopier is one of the fastest-growing forex and futures trade copiers in the field. Besides this software’s copying system, there are some main FX Trading Strategies. One of the main strategies is providing a particular technical analysis to the futures markets to decide the highest probability pairs to trade. This futures trade copier is easy to use. It is powered by top-of-the-line Trade Copier companies in the field. With this software, you do not have to make any decisions regarding anything involved with Futures trading.
7. Tradeforexcopier: The Accurate Trade Copier
Tradeforexcopier is an accurate forex and futures trade copier software. This futures trade copier is correct and comes with many advantages, including fast trade copying, ease of use, super-live support, and much more. This futures trade copier service has a brilliant algorithm that copies trades beginning with one document and then into the file or exclusive grouped data. Trade Futures Copier has a significant portfolio that shows incredible results of an excellent trade copying service.
8. CopyFX: A Rising Trade Copier
We cannot talk about futures trade copiers without talking about CopyFX. CopyFX is a leading and rising company that has reserved its place among one of the best futures trade copiers. CopyFX provides all its clients, no matter what role they choose for themselves, with a balanced set of conditions for successful and profitable trading.
9. Liteforex: A Popular Trade Copier with Tutorials
Liteforex is the last Forex and futures trade copier on the list. This copier is one of the most popular platforms in the futures industry. The Liteforex website gives you a free tutorial on effortlessly copying trades. Based on my humble futures experience, the above futures trade copiers are great. But, personally speaking, I would always go with Telegramfxcopier. We honorably invite you to join our community, where you will find thousands of professional and beginner traders. Always surround yourself with the people that you want to be like.
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- Trade Copier for TradingView
- DX Trade Copier
- Trade Multiple Accounts Simultaneously
- Copy Trading Platforms
Advantages and Drawbacks of Futures Copy Trading
The Bright Side of Futures Copy Trading
Futures copy trading offers many advantages for new and experienced traders alike. The most significant appeal is how simple it is. When trading Futures, you study charts, identify trading setups, and execute buy and sell orders to profit from price fluctuations. With copy trading, you do not have to do any of this. Instead, you simply choose a trader to copy, and the system takes care of the rest. This allows you to profit off the skill and experience of another trader without having to do any of the work.
Because of this, copy trading is excellent for beginners who want to earn while they learn. Many Futures copy trading platforms, and MetaTrader 4 trade copiers feature a free demo account where you can simulate copy trading through virtual funds but genuine, real-time market trends and changes. Another significant advantage of Futures copy trading is diversification.
You don’t have to allocate all your funds to copying a single trader. Instead, you can copy several traders to diversify strategies, allowing you to potentially offset losses in one area and strategy through profits in another. Lastly, MT4 copy trading is widely acknowledged by major regulatory bodies such as CySEC, ESMA, MiFID, and the FCA. Opting for a licensed and reputable trading platform such as MT4 and MT4 copiers will help safeguard your funds and protect you from potential scams.
The Downside of Futures Copy Trading
While Futures copy trading sounds appealing, it does come with risks. I’ve briefly mentioned the risks of Futures copy trading earlier in this post; however, it’s not just the fact that there’s no guarantee of profit, which the concept of copy trading would have you believe. You also have to consider things like copy trading fees. Many platforms and Futures copiers charge fees for using their MT4 copy trading services, such as subscription or performance fees.
Not only that, but many Futures platforms implement a minimum deposit amount. The fees don’t stop there, though, as some platforms apply spread markups. A spread is the difference between the buy and sell price of a currency pair, and a markup essentially widens this spread, increasing the cost of each trade. While these markups might not be immediately noticeable, they can eat into profits over time, particularly for traders who make a high volume of trades.
Additionally, commission fees for each executed trade are typically a flat rate per trade or a percentage of the trade volume. Plus, MetaTrader trade copiers and Futures copy trading platforms also charge withdrawal and inactivity fees, which can add up quickly if you move funds frequently, or the opposite, don’t trade for a certain period. Fees aside, it’s also key to remember that no matter how good and experienced a trader you’re copying is, they will make mistakes, which can end in massive losses, especially if you’re copying a high-risk trader.
You should also note that copy trading isn’t widely accessible to U.S. residents due to the Dodd-Frank Act, which adds layers of regulation to protect consumers, especially around leveraged trading. Foreign brokers often avoid offering these services in the U.S. because of the legal hoops they’d need to jump through. As a result, Americans have fewer options for MT4 copy trading than traders in other countries, and it’s crucial to check that any platform they choose complies with local rules. Ultimately, you are given complete control of how you want your money spent on these trades, which can make you lots of profit or loss. This again highlights why you can’t just start copy trading with zero experience and expect to win big.
Related Reading
- Replikanto
- Ninjatrader Trade Copier
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