MyFXBook AutoTrader Review
Are you searching for the MyFXBook AutoTrader reviews in order to find out what is MyFXBook AutoTrader social trading platform. MyFXBook is a trusted statement sharing service for forex products, so can we trust their copy trading facility? You are absolutely in the right place because here, within our MyFXBook AutoTrader review, you are going to find out the complete truth about MyFXBook AutoTrader.
There is no contact address of the people that run MyFXBook but you can email support at their website.
Actually, MyFXBook Autotrader is one of the best copy trading network now. If you want to know why, then you can find the details within our MyFXBook review as below.
OK, let’s begin with our MyFXBook AutoTrader review in order to find out what is MyFXBook AutoTrader in real.
Myfxbook AutoTrade Review
Investors using the MyFXBook AutoTrader are not provided with a long list of traders to copy from. This one, you are provided with only but a few selected systems to follow. All the signal providers at MyFXBook AutoTrade trade on live account but smart traders will first test the signals on demo before jumping into a real trading.
The strategy, time frame and currency pairs depend on the signal provider you chose to follow. Different signal provider have their own strategy and preferences.
MyFXBook AutoTrade works with up to 40 different brokers and we saw that most of them are licensed brokers. There is price for using the MyFXBook AutoTrade as the receive commissions from some of the brokers the are connected to.
As I write this review, there are currently 44 signal providers for the community to pick from. Each trader utilizes a different trading strategy, and can be sorted by overall gain, daily gain, monthly gain, drawdown, or my personal favorite the amount of subscribers they have. Subscribers is a great metric to utilize, because you can see exactly how many traders are following each provider, which means they’ve essentially done the research already.
Myfxbook Autotrade also provides a new additions section, for those interested in new providers, and a top gainer section, for those interested in the traders were performing the best in recent days or weeks. Traders could essentially watch the top gainers section closely, and jump on a rising provider at the right time.
I’m not concerned with any of the numbers being provided, because they are all directly verified by Myfxbook, and none of them are showing any ridiculous or asinine types of gains.
The most popular providers are Turtle EUR with 1125 subscribers, Lucky Pound with 642 subscribers and NinjaTrainer with 450 subscribers. Considering the amount of people that visit Myfxbook on a daily basis, it’s quite apparent that their auto trade service isn’t garnering as much attention as you may think.
FXMasterBot is the best automated trading robot because it works with the licensed Forex brokers; Trade Financial, 24Option & EuropeFX. You can choose risk levels, currency pairs to trade and a lot of other setting to configure. Minimum deposit is $250
Try a Free Demo Account at: FXMasterBot.com.
In terms of social trading networks, I would rank Myfxbook AutoTrade near the top, based on their reputation alone. The trading results being provided are all verified, and the platform work smoothly with many different brokerages. If copy trading is something that you are interested in, then I would pencil this provider near the top of your list.
If you have anything you would like to add, please leave your comments and questions below this review now.