AutoTrader is Tickmill’s copy trade feature. It allows clients to copy the trades of other successful traders in their MT4 accounts. It is done through the system owned by Myfxbook.
Clients can decide which traders to follow. Once the selected traders place an order the same happens to the clients. Clients can adjust the multiplier of the mirror trades. A multiplier of 1 means that it will be exactly the same as the original trade.
AutoTrade allows clients to become part of successful trading systems. This allows both novice and experienced traders to diversify their forex portfolios.
Fees are dependent on the type of account that are being used. Some brokers are free while others charge a small markup spread.
To use the AutoTrade system, clients have to open an account with one of the supported brokers. Once the account is funded and connected to Tickmill, clients can expect it to be approved within two days.
Trades opened by AutoTrade may be closed. However, if a client is still subscribed to the trading system, AutoTrader will automatically re-open the trade if the price is in the client’s favour.
Clients may subscribe to any number of systems, but it is recommended that they should have at least $1 000 balance for each subscription.
Click here to open an accont.
Social trading carries a risk of capital loss.