The Libertex team has developed and launched its own service that lets you set up trade copying on MetaTrader 4 (MT4) platforms from a master account to a client account in just a few clicks. It launched on 16 February 2023.
Copy trading is available for clients who have a real MT4 account with funds deposited. Copy trading can be enabled directly in your Libertex account, even without installing the MetaTrader platform.
What is copy trading?
Copy trading is a feature that allows you to immediately repeat all trading operations done in one account (a master account) in other accounts (client accounts) in real time. An unlimited number of client accounts can be connected to the master account.
For example, on a master account, a EUR/USD buy trade is opened with the Take Profit and Stop Loss parameters set. A similar position with the same Take Profit and Stop Loss parameters is opened on the client's account in just a second. When a position is closed on the master account, the same position on the client account is also closed.
For a long time, the process of copying trades in the MetaTrader ecosystem (MT4 and MT5 trading platforms) was primarily used by traders with a high level of competence and required significant financial and time resources. We have made the copying engine on MT4 accounts as easy as possible, and now you can follow the trades of a master account quickly, easily and at no additional cost,
Evgeniy Shakotko, Libertex's Product Manager, said about the copying engine's launch.
The service's benefits include:
- No need to keep the MT4 platform switched on all the time (copying takes place 24/7)
- No need to install the MT4 platform
- No need to have special knowledge of trading advisers and their connection procedures.
The service features:
- A reward/risk multiplier that allows you to adjust your own reward/risk relative to the master account
- The ability to enable/disable the service directly from the Libertex platform.
The copying service is available to all clients with an open MT4 account. As the service develops, we plan to add new trading systems, subject to mandatory careful validation by the company's experts.
