By having a trade copier at your disposal, you’re able to spread risk different across multiple accounts leading to potentially much better diversification and results. For example, the majority of forex traders are going to use 1% risk per trade, potentially moving up to 2%. Manual error is one of the largest causes of loses with forex traders, mostly in the retail sector.

I don’t know why other people have negative opinions about this platform. We’ve been serving the community over 10 years, and have a lot of respect for every single one of our readers. If you ever need assistance, you can email me, and I’ll respond, I promise. These are all the features that I would expect from a service of this nature, so it’s good to see that they are all included. Pricing for The Social Traders is rated 4 out of 5 due to the extensive list of resources offered to members of the free tier.

If you don’t know how to configure the systems, this is not the fault of the platform. Yes, the free program does include access to The Social Traders community, which is one of the best parts of the platform. Take advantage of the Slack discussion board or the Community Telegram channel (Telegram Messenger) to connect with other like-minded traders. Little is mentioned regarding user experience with The Social Traders mobile app; its primary function is to connect traders via the Telegram Messenger feature.

MT4 Copier, created by Rimantas Petrauskas is the worlds leading forex trade copier, allowing multiple master accounts to copy trades to unlimited copier accounts instantly. With so many features available to members of all tiers, The Social Traders is an excellent online collaborative trading platform. Whether you’re just starting out in the world of trading or are simply seeking community with other traders, this platform offers a range of helpful tools and collaboration boards for those of all skill levels. Overall, Social Trader Tools offers a straightforward and user-friendly interface that makes it easy for traders to access the tools and features they need to make informed trading decisions. The platform is well-suited for both novice and experienced traders. As professional money managers we required a platform to manage our trading accounts and risk effectively.

So, I understand this and even if I am not happy with someone’s customer service, I still just ignore it. At first, they would never acknowledge that there was an issue. They would say the trades are copied from the master account.

Overall, the pricing and plans offered by Social Trader Tools are competitive and provide good value for traders looking for a comprehensive trading platform. With the world of trading and investing moved solidly to the online sphere, The Social Traders aims to provide a wealth of information to anyone who wants to learn or improve their strategy on the ins and outs of trading. A wide range of tools and services are offered on even the program’s most basic tier to accommodate all users, including 35,000 words of educational content and over 30 thorough informational videos.

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With that being said, they do have a range of testimonials on their own website from traders and fund managers having a lot of success with the platforms offering. 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. I love the platform and I really cannot understand the bad reviews. I help people to copy my trades to pass their challenges such as on FTMO.

• Meanwhile, Social Trader Tools is copying your trades onto all of your funded accounts which will massively increase the amount of profits you take out at the end of each month – if you’re profitable, of course.
• I love the platform and I really cannot understand the bad reviews.
• I told them I would sort it out on Tuesday 18 July but they still cancelled my subscription thus incurring me over £4000 loss.
• Definitely do not recommend, money just thrown into trash tbh.

Currently, the Social Trader Tools platform advertises 12 significant features that they want the community to be aware of. There are no limits for the amount of MT4 accounts that can be managed, it’s a web-based interface, which requires no hosting and provides peace of mind. The platform can be accessed by multiple users, which means you can have the signal service or account management service being run by multiple people.

Social Trader Tools has given us the tools to allow us to focus on our core business. You would still only be having to open, manage and close positions on your personal trading account. Meanwhile, Social Trader Tools is copying your trades onto all of your funded accounts which will massively increase the amount of profits you take out at the end of each month – if you’re profitable, of course.

If you are running an account management service where you manage 5 accounts, it would cost you $60 per month in order to manage these accounts. Considering the platform is the backbone of the entire business, it does make sense that they charge a pretty aggressive fee. Compared to other trading platforms, Social Trader Tools’ pricing is relatively affordable, especially for novice traders who may not be able to afford more expensive options. With so much interaction between members on The Social Traders’ discussion tools, such as Slack and Telegram, this category earns a solid 5 out of 5. Both free and Pro members commented on how like-minded and helpful the rest of the community is and how much growth is encouraged among all traders. The Social Traders provides a highly supportive atmosphere for everyone on the platform.

The Social Traders receives a customer service ranking of 5/5 due to the overwhelmingly positive feedback from members, who remarked that the owners of the platform (Dylan and Max) are helpful, knowledgeable and approachable. Users stated that their questions are always answered in a timely manner and praised the fact that direct contact is easy and encouraged on the platform. The Extended Market Breakdown service is only accessible to Pro members and offers comprehensive overviews of both the 2020 and 2021 markets. This service features weekly videos of setups to be traded during the week ahead, which have been forecasted well in advance. Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders. Social Trader Tools has no reviews on either platforms, which is rare and almost slightly worrying.

Pro members receive updates, analyses and trade ideas throughout the day straight to their mobile device. Little information is provided about The Social Traders app — though nothing negative has been reported. An easily accessible dashboard offering an array of tools to maximize strategy for both free and Pro members. The Foundation Series is free and includes an introductory overview as well as what you’ll learn — documentation of the trading journey, Tradingview setup and drawing market structure and market phases, to name a few.