MT4Copier Review: The Ultimate Solution for Good FX Account Management

MT4Copier is a forex copy trading software that allows traders to manage multiple accounts at once. 

In this MT4Copier review, we will cover the company details, regulations, platform they offer, reviews, and more. We will try to provide you with the best possible answers! Stay tuned and read on!

Company Details

Unfortunately, their landing page does not provide visible information about the company behind mt4copier.com. 

This lack of information may be a concern for some traders who want transparency. Still, when we dug a little deeper, we found something on this matter. Namely, all related sites belong to Rimantas Petrauskas, a trader registered in Lithuania.

Regulation

The website does not provide information about regulation. So, this may be a concern for some traders who prefer to know if the company is safe in any way. Yes, we are aware that some trading bots and platforms do not require regulation to operate, still, some type of insurance is always welcome. Keep that in mind.

For companies that don’t require regulation, it’s advisable to have at least some agency backing them up. 

MT4Copier Trading Platform

MT4Copier is a forex copy trading software that works with both MT4 and MT5. They have a general name for the platform which is Local Trade Copier™.

So, why is this platform special after all? The software allows traders to manage multiple accounts at once. This is done with trades showing up on all accounts simultaneously. The software also allows clients to avoid manual trade settings and mistakes that can happen when managing many accounts. More on this below! 

What is the Local Trade Copier™?

Local Trade Copier™ is a powerful tool compatible with Metatrader 4 and 5. As we mentioned before, it facilitates real-time Forex trade copying between multiple accounts. It allows us to boost profits by automating trade replication. 

Popular use cases include managing accounts for others, reverse trading, creating investment portfolios, and more. With Local Trade Copier™, traders can effortlessly share trades, manage accounts independently, and boost their trading efforts. This is a huge benefit! 

Tip: Stay away from fake companies allegedly located in the UK, such as Nextonbid. Unregulated and bogus brokers often tend to steal your money and then vanish.

Prices/Packages

The website offers a range of pricing options, including a free trial and a range of paid plans. The free trial allows traders to test the software for 7 days. This is quite solid, as many companies do not have a free trial. 

Now, the paid plans range from €19/month to €119/month, depending on the number of accounts and features required. Let’s take a look at them in detail:

• Personal Plan 19€ – up to 32x MT accounts 
• Manager Plan 59€ – up to 160x MT accounts
• VIP Plan 119€ – up to 480x MT accounts

How Forex Trade Copier Works on MT4

Let’s take a look at all the steps in detail! 

Step 1: Prepare MT4 Trading Terminals

• Set up multiple MetaTrader 4 platforms on your PC.
• All MT4 platforms involved must run continuously and on the same computer.

Step 2: Install LTC Server EA on Master Account(s).

• Choose a Master account and install LTC Server EA.
• Any MT4 account can become a Master account.
• Decide which accounts will be Master and which will be Client.

Step 3: Install LTC Client EA on Client Account(s)

• Pick Client accounts to receive trades from the Master account.
• Any MT4 account can become a Client account.
• Each Client account can also function as a Master account for other Client accounts.

Step 4: Start LTC Server EA on Master Account(s)

• Attach LTC Server EA to MT4 Master accounts.
• Each Master Account should have one chart with the Server EA attached.
• Server EA will continuously scan for new trades and mirror them to Client accounts.

Step 5: Start Client EA on Client Account(s)

• Attach LTC Client EA to MT4 Client accounts.
• Each Client Account should have one chart with the Client EA attached.
• Client EA automatically adjusts lot size for uniform risk percentage among Client accounts.

Step 6: Test Your Setup

• Conduct a “Pending Order Copy Test” on each instrument to verify the trade copier’s functionality.
• Local Trade Copier™ copies many trade types, including Buy, Sell, pending orders, and modifications.

Can Online Trading Be Profitable?

This is something everybody is concerned about. But, yes, online trading holds potential prosperity for those well-versed in the markets. 

We are here to help! We extend our expertise through free consultations, offering helpful guidance and support.

Besides, our AI Analysis Bot stands ready, providing precise trading advice. With these valuable insights and predictions, traders can enrich their strategies and potentially make some profits. Don’t miss out and give it a try today!

Note: Trading involves risk, and no strategy can guarantee profits 100%.

Trustpilot Reviews

This trading software has excellent Trustpilot reviews. They have a mind-blowing rating of 4.9 stars based on 367 reviews. This is relatively promising to see. 

Trustpilot is a third-party review site that collects and publishes reviews and business data. This is quite beneficial so we can check the reliability of each company. 

Trustpilot reviews are almost always trustworthy. Still, there are often red flags to watch for, such as fake reviews or reviews that have been left in an attempt to manipulate your perception.

Note: Novelis Capital operates as an offshore trading platform, with its registration based in SVG. Notorious for its untrustworthy practices, this broker has faced blacklisting in various nations, such as Spain, Italy, and Norway. Stay away from it! 

Conclusion

So, what can we conclude? MT4Copier is a forex copy trading software that offers a span of features and benefits for traders looking to manage multiple accounts at once. The website offers a range of pricing options, including a free trial and a range of paid plans. 

Still, we must say their website is not too transparent. Yet, reviews from traders prove this is not a big issue. 

All in all, always do your own research and choose to trade with legitimate and safe companies. Your safety matters! 

FAQs