Social Trade Copier vs Local Trade Copier

Trade copying is a popular way for traders to profit from the forex markets, even if they don’t have a lot of experience or time. Because this allows traders to leverage the strategies and expertise of more experienced traders. And as a trading expert, you can take advantage of this opportunity as a way to earn from selling your own trades as a service.
To leverage this potential, there are few trade copier platforms available. However, you must know how to choose the best among them. So, in this article, we will discuss the key features offered by Social Trade Copier and Local Trade Copier.

Let’s start with how this works as a process. Simply, by mirroring trades from a “master” account to a “slave” account(s), you can help other traders copy your trades. Additionally, this can help you run your own signal service or account management service.

Both the Social Trade Copier and Local Trade Copier offer copy trading between meta trader accounts. Let us dig deep into which one of them will offer benefits to you more.

What to Consider When Choosing a Trade Copier?

When you are looking for an ideal trade copier for your copy trading service, it is important to consider the following factors-

*Features: This can include extra available features like advanced security measure for you and your clients, risk management flexibility and customization options.

*Pricing: Costing and how much you are willing to spend for your trade copier is one of the most important factors to consider. You must have the value for your spent money.

*Customer Support: Setting up a trade copier and maintaining that for your clients will also require tech knowledge and active support. How important is it to you?

Let’s see what Social Trade Copier and Local Trade Copier offers you in terms of features.

Social Trade Copier

Social trade copier delivers an exceptional trade copying experience with advanced features and top-tier security. Social trade copier got more feature-rich options. Backed up by offering a number of benefits over local trade copier, including-

Real Time Trade Copy
Social trade copier copies trade from the one or multiple master accounts to the slave accounts in real time. Whether you have your master and slave accounts in the same computer or different, there’s no technical complicacy with Social Trade Copier.

Advanced Security Protocols
Social trade copier uses advanced security measure to protect your account, such as password-free access and integration. Security is a paramount concern when it comes to trading with your real account, and Social Trade Copier takes it seriously.

When you are using Social Trade copier, you will not need to provide us your trading account password or login information. We know that it is sensitive information, so we have made the copy trading process simpler. You will only need to install our Expert Advisors (EA) into your Meta Trader terminal. And that’s it!

All you need is your MT4/MT5 account number for your license. With advanced security measures in place, your confidential data remains protected with Social Trade Copier.

Risk Management & Customization Options (Dashboard Overview)

Social Trade Copier allows you to set your own risk tolerance and customization options. This means that you can control how much money you’re risking on each trade, and how your trades are executed. And this feature can be enabled on both Master and Slave account portals.

Every trader has their own risk tolerance and strategy preferences. Social Trade Copier acknowledges this and offers a flexible risk management system. Whether you prefer a fixed, dynamic, or preset risk level, it has you covered.

Real-Time Modifications
Staying up to date with your trades is crucial. Social Trade Copier’s auto-update feature ensures that any changes made in the master account, such as stop-loss and take-profit adjustments, are instantly mirrored in your account. Also, you can preset that in your account if you do not want to take any risk.

As forex market conditions changes quite fast, traders need the ability to adjust SL-TP across all their Slave accounts at once. It simplifies the process of managing trades and ensures that all accounts stay in sync without the need for manual adjustments.

For signal providers, the ability to automatically update stop-loss and take-profit levels ensures that subscribers receive signals that reflect the most current and effective trade management strategies. This promotes trust and reliability in the signal service.

Customer Support availability
Social Trade Copier offer 24/7 customer support to help you with any questions or problems you may have. Our trained and experienced support heroes will solve your problems and queries in a jiffy.

Additionally, having a reliable and fast support available to you 24/7 is a must when you are running a service of your own.

Pricing and plan options
Social Trade Copier offer a variety of pricing and plan options to fit your budget and needs. We have 2 options:

• $3/per master account license
• $5/per client account license

Also, we are offering a 7-day trial for $1 only, which is more convenient for your needs.

However, if you require a more customized plan for your needs, you can always contact our support and we will provide a tailored plan to your needs.

Hassle-Free Setup
Setting up a Social Trade Copier is a breeze. After creating your account, you’ll receive a link to download the custom EA (Expert Advisor). Installation is straightforward-
1. Download your MT4/MT5 Expert Advisor File
2. Double-click to Install
3. Choose the Meta Trader Terminal
4. Refresh the Meta Trader Expert Advisor section on the Navigation Menu

If you feel puzzled, don’t worry- the support team is readily available to guide you through the process!

Local Trade copier

Local Trade Copier is a tool that allows the copying of trades between MT4 accounts on the same computer. While it serves a similar purpose, it follows a different approach compared to Social Trade Copier.

Local Trade Copier solely copies trades between MT4 accounts on the same computer. Though they provide good options, they offer fewer features and benefits than Social Trade Copier. Some of the key limitations of local trade copier include-

Safety and Control
Local Trade Copier does not require a web panel for controlling user access. Instead, it relies on MT4 client account passwords to run on your computer. This gives you control over who receives your trades. However, it means that your friends and clients need to share their MT4 login and password. This can be a security risk, and it’s not always practical.

Trade copying within MT4 accounts on the same computer
Local trade copier can only copy trades between MT4 accounts on the same computer. This means that you can’t use them to copy trades from other traders online.

This may cause certain issues while using the Local Trade Copier. You will have to run all 32-33 Meta Trader terminal in one PC- and your PC needs to have the capacity to make sure all Meta Trader terminals can run smoothly simultaneously. If you opt for the VPS option, you will have to pay extra for such highly configured VPS.

Pricing and Compatibility
Local Trade copier offers various pricing options based on the number of active devices or user profiles. The pricing starts at €19/month for one device access along with 32 Meta Trader 4/5 accounts. This means you can use the copier in one device only and the same device must have 32 terminals to make the copy trading process work.
More accounts and devices will cost extra. There is no customizable option available for you. And their support is limited to emails on weekdays only.

Support and Communication
The support for the Local Trade copier is provided through email, with a 24-hour response time. But it’s limited to Monday to Friday. This might not be as convenient for traders in different time zones compared to the real-time support offered by Social Trade Copier’s 24/7 support team.

Social Trade Copier vs Local Trade Copier

Feature	Social Trade Copier	Local Trade Copier
Device Flexibility	Yes	No
Advanced security measures	Yes	No
Risk management and customization options	Yes	Limited
Multi-master copying capability	Yes	No
Pricing and plan options	Variety of options	Limited options
Customer support availability	24/7 LiveChat	Limited to email on weekdays

Social Trade Copier: What’s the catch?

1. Social Trading copier is a user-friendly platform that is easy to set up and use.
2. Social Trading copier offers a variety of pricing and plan options to fit your budget and needs.
3. Social Trading copier offers 24/7 customer support to help you with any questions or problems you may have.
4.  Social Trading copier is a trusted and reputable trade copying solution.

Conclusion

Social Trade Copier offer a number of advantages for both beginners and experienced traders. It can help you earn from selling your trading expertise as account management and signal service, diversify your portfolio, save time and effort, and automate trading within your own accounts.

Social Trade Copier offers a number of additional advantages, such as ease of use, affordability, and excellent customer support. For traders seeking a hassle-free and effective trading copier, Social Trade Copier is the ideal choice. Its simplicity, affordability, and real-time capabilities make it a standout tool for both beginners and experienced traders.

So, if you’re ready to take your trading to the next level, give Social Trade Copier a try. It’s the smart way to copy trades and boost your earnings. When it comes down to choosing a stellar trade copying solution with all the bells and whistles, Social Trade Copier is the clear frontrunner.

From unmatched security and customization to robust automation and exceptional support, Social Trade Copier delivers an exceptional experience. With game-changing features like multi-master syncing and auto-updates, Social Trading copier provides immense value.

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