In this post I will be reviewing the DupliTrade automated forex signal service that enables users to duplicate the trades of other traders, hence the name. You can browse through a selection of traders and choose to have their trades copied directly to your trading account in just a few simple steps, easily creating and monitoring your own bespoke trading portfolio in real-time.
Each trader that you can copy a signal from has their trading history shared on the DupliTrade website, some of whom are have been up and running over a sustained period of time. It must be said that historical results are by no means any indication of how the trading signals will perform in the future but none the less there are plenty of statistics to help you decide which trading signal is best suited to your trading style and needs. The DupliTrade team state that they analyse all signal providers in detail before allowing them to offer signals.
Getting started with DupliTrade is quick and easy. Traders of all experience levels are welcome to use the service. You simply need to signup with DupliTrade, open a forex broker account or link an existing account, browse the trading strategies and select those you wish to follow, then track your accounts progress.
You can add or remove trading strategies from your account at any time. DupliTrade work with a particular selection of forex brokers that you will need to have an account with in order to use their signal copying service. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
There is the DupliTrade Simulator where you can view the strategy providers past results over various time frames and set-ups. Simply choose your initial balance and start the simulation.
DupliTrade offer 24/5 customer support. They provide a range of tutorials, frequently asked questions and a trading glossary. The service has a free trial and the minimum broker account size required is $5,000. There are no set-up fees or monthly charges for using their services.