Social Trader Tools Review: A Top Platform for MT4 and MT5 Traders

Here, we talk about Social Trader Tools, a superb online platform tailored for MT4 and MT5 traders. You can say goodbye to complex configurations and costly VPS setups. What’s more, you can manage unlimited accounts from various brokers effortlessly, all on one cloud-based platform. 

Plus, signal providers can show their expertise through a personalized white label. Social Trader Tools is truly revolutionizing trading for everyone. Explore flexible plans, features, and more in our Social Trader Tools review.

Company Background

Social Trader Tools is a web-based medium made for traders who use MT4 and MT5. The platform allows people to manage an infinite number of MT4 and MT5 accounts from any FX broker, all from one platform. It is hosted in the cloud 24/7, eliminating the need for a VPS and providing hassle-free trade copying to any number of trading accounts.

The company offers various features to help traders manage their accounts and risks effectively. Some of these are real-time email alerts for trading action and monitoring of account equity levels. Social Trader Tools is used by professional money managers and has been described as an “absolute game changer” by SMIle Global Management.

Trading Features

This company offers a bunch of features to help traders manage their accounts and boost their trading strategies. These features include:

• Account Manager: This tool lets users manage a limitless number of MT4 or MT5 accounts from any broker, all from one venue. There is no special software or complex configuration required. Clients can set up real-time email alerts for any trading activity and monitor their account equity levels.
• Trade Copier: The trade copier here is the fastest on the market, with an average replication speed of 50ms. Clients can set up trade copiers to copy trades between their own accounts or from signal accounts. Also, trade copiers are highly configurable, with various risk types and settings to cover all scenarios.
• Signal Provider: You can offer your own trading account as a signal to other users on here. They have full control over the rights the follower has to their signal, and signals can be offered for free or with a cost attached.
• Whitelabel: Clients can offer their signals via their own personalized white label, further enhancing their brand and reach.

Trade Copier Platform

Social Trader Tools’ Trade Copier also has many features to help us manage trades effectively. Here are some of the key features.

• Risk settings: The lot size used on the copy account is founded on your main risk setting. Socialtradertools.com supports 4 different risk types, including Risk Multiplier by Balance, Risk Multiplier by Equity, Lot Multiplier, and Fixed Lot.
• Copier mode: The trade copier mode can be specified and modified at any time. There are 3 separate modes: On, Manage existing trades only, and Off.
• Stops & Limits: Users can choose to copy stops and limits like for like, override with fixed levels, or not copy at all. If the lead account has its own limits and the user chooses not to copy them, a close will be sent to the copy account when the limit is hit.
• Disable symbols: Users can ignore certain symbols in a system by disabling them. Once disabled, any trades with that symbol will be ignored.
• Reverse copy: Users can set up a trade copy in reverse mode, meaning that for each trade, the contrary happens (e.g., sell when buy or buy when sell).

Overall, their Trade Copier provides a highly flexible solution for those looking to copy trades and handle their risk effectively.

Signal Provider Tool

The Signal Provider tool truly simplifies FX trading for us. You can sell your signals with PayPal or Stripe, and stay in control of your earnings. Also, with them, you can get clear insights into your trading performance and choose how to share your signals. This can be through emails, a trade copier, or both. 

It’s trading made easy, offering the freedom to manage your business effortlessly. We must say we are impressed with this tool! 

Note: Globe Invest Hub is an anonymous broker with no license. To stay safe, avoid them!

Pricing Plans

Social Trader Tools offers monthly subscription-based pricing plans. The plans are based on the number of accounts a user can manage at any one time. You can add or remove accounts up to your plan’s limit. An account refers to a trading account, regardless of whether it is the lead or the follower. When added, it will use one of the user’s hosting slots.

Also, the company accepts all major credit/debit cards and PayPal as payment methods. Yet, sadly, it does not accept crypto payments.

The pricing plans offered by Social Trader Tools include:

• Standard Plan: $20 per month, up to 2 accounts
• Plus Plan: $60 per month, up to 5 accounts
• Pro Plan: $120 per month, up to 10 accounts
• Premium Plan: $220 per month, up to 20 accounts

For users with larger requirements, Social Trader Tools offers rolling plans with no upper limit. These plans can be purchased in multiples of 20, and here are some examples they include:

• Rolling 40 Plan: $400 per month, up to 40 accounts
• Rolling 60 Plan: $600 per month, up to 60 accounts
• Rolling 80 Plan: $800 per month, up to 80 accounts
• Rolling 100 Plan: $1000 per month, up to 100 accounts

Trustpilot Reviews

This company has received a less-than-impressive Trustpilot rating of 2.4 stars from over 26 reviews, giving us pause for thought. This feedback indicates that the platform might not be as beneficial as it initially seems. 

We’re considering these reviews seriously, urging caution to potential users. Note that it’s essential to weigh these opinions before making any trading decisions.

Note: Finorax seems like a trading scam. While their website looks good, it’s missing essential info we need for verification. It’s wise to approach them with caution.

Ready to Make Money with Online Trading?

Undoubtedly! Making money from trading online has never been easier. This goes without saying! It’s even more simple with our AI Analysis Bot. This is your stress-free research companion, offering practical advice and trading forecasts.

Best of all? Test it for free for 20 days! You will get FX analysis reports and 5 stock analysis reports each month. With these, you will be able to grow your earnings effortlessly, so give it a try now!

Final Verdict

As you can see, SocialTraderTools simplifies online trading but with mixed feedback, earning a 2.4 Trustpilot rating. While it offers flexible plans and tools like the Trade Copier and Signal Provider, caution is advised due to quite poor user reviews. 

Still, you can always test our AI Analysis Bot for practical trading advice. Curious about online trading? Dive in for the 20-day free trial, and discover the world of possibilities it offers!

FAQs