Myfxbook AutoTrade

Myfxbook AutoTrade is a social trading platform that connects effective traders with investors. AutoTrade allows duplicate transactions of traders who achieve positive and regular results on Forex market. This is an interesting option for people who want to not only diversify their revenues using the strategies of others, but also a cure for investors struggling to earn money on currencies and CFD. However, social trading should not be treated as an appropriate method to learn how to trade - the amount of information provided to the investor is insufficient to dispel any doubts when concluding transactions on their own.

MyFxBook AutoTrade

Bill statistics (click to enlarge).

There were at least several known social trading platforms in the history of Forex (one of the most popular are ZuluTrade i eToro). There are several key factors that set Myfxbook AutoTrade apart from other services. The Myfxbook.com website itself is famous for sharing its statistics on-line straight from the investment account. The data is transmitted immediately, the statistics are extensive, and in addition the trader has the ability to partially hide them according to his preferences.

The main features of AutoTrade:

• Signal providers only trade on real accounts,
• The signals are copied in an automated way,
• Reliable statistics and correct calculation of capital fall (Drawdown),
• Unlimited time demo account for investors to test the platform,
• Copying transactions works on the Myfxbook server - you don't need it VPS'a or computer turned on,
• We only have an insight into the most interesting and most profitable (and at the same time rational) strategies.

At the moment we have access to about 40 selected traders, which we can copy.

TOP 10 signal providers.

Who offers the MyFxBook AutoTrade service?

Trading via Myfxbook AutoTrade currently offers 38 brokers from around the world, including Tickmill and IC Markets. These are companies that have partnered with the Myfxbook website through an appropriate contract, and their list is gradually lengthened, as is the list of signal providers.

Trader - How much can you earn

A trader who achieves satisfactory results can become a signal provider. His remuneration is 0,5 pips for a single transaction. But there is one important condition. Trader is rewarded only for closing a profitable transaction. Losing position does not bring him any income.

Example calculation:

• Trader performs 100 transactions monthly,
• Its effectiveness is 65%,
• The total transaction volume of its investors is 800 of mini-flights.

Trader's profit is: 100 position * 65% * 800 mini-flights * 0,5 pips = 26 000 $

Investor - How much does it cost

There are also certain conditions Myfxbook places on investors when they want to use AutoTrade. The minimum deposit is $ 1000 per account. The account must be linked to the Myfxbook customer group. And the last one - an additional "mark-up" is added to the commission or spread, i.e. the remuneration that goes to the authors of the solution. The mark-up is on average 1,6 pips above the standard rate offered by the selected broker.