Forex Trade Copier

Trade Copier is another very popular tool demanded by traders from forex brokers. As the name suggests, Trade Copier lets a trader copy the trades of Master Trader.

In case of PAMM/MAMM, funds are blocked for a mutually agreed time and performance is evaluated at the end of the term. Final settlement is done at the end of term. Whereas with Trade Copier, slave traders can evaluate the performance on the go and can stop copying trade of loss making mater traders. They may have to pay fee to copy the trades, the other thing is the spreads are relatively higher when using Trade Copier. This lets Broker & Master Trader to make money that keeps them into the business.