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Social Trading

In this section, is a growing group of Forex social trading network reviews. Social trading is a service that allows Forex traders to subscribe and follow the signals or trades of other traders that are part of the network. Traders can decide when they first sign up with a network if they want to provide a signal service to the community, follow others, or do both.


Depending on the network, there are usually fees associated with each account the trader decides to follow. While each platform is different, the popular options allow traders to monitor the results, and filter through the different social trading accounts based on their performance numbers.


Forex social trading is still in an adolescent state, as there aren’t many platforms to choose from, and they certainly have their issues. The main concern is with the fact that traders are relying on amateurs for their trading signals, or in some cases automated trades. If traders are using a reputable Forex signal provider, there is a certain level of security, because the signal service is beholden to a larger amount of clients. Yet, when following a trader on a Forex social trading network, they are more likely to go on an extended, erratic losing streak, or even just disappear from the network altogether.


With the positive and the negative in mind, please go through all my social trading reviews and leave your feedback where warranted.

Forex Review: Social Trader Tools

Today I’m analyzing a new web-based platform built to help traders manage an unlimited amount of accounts from any MT4 broker, all in a single platform, Social Trader Tools. The entire platform is hosted in the cloud, and doesn’t require traders to utilize a virtual private server, any special software or complex configurations. All traders have to do, is upload …

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Your Algo Review (Forex Algo App)

Your Algo is a new Forex copy trading service promising “the best trading algorithms currently available.” The difference between this service and most others in the market, is that it’s fully controlled by an android application on your phone. While they have an iOS button on the website, the software does not appear to be available on iTunes at this …

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FX Tech Strategy Review (Currency Analysis)

FX Tech Strategy is a currency analysis provider, that also offers trading signals with buy/sell entries, stop losses and price targets. The creators of the service claim that their award winning data “will lower your risk & instantly reveal profitable trade ideas.” The service appears professional, but we are unsure they will have the level of proof we require, in …

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Best Forex Team Review (Free $100)

Best Forex Team is a Forex service developer promising $100 for free to any level of trader, that is looking to earn in the Forex marketplace. The vendor claims that they want to invest in any trader available no matter the skill level, as long as they are serious about trading. The offer is very strange, and requires the traders …

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EA Review: Tradenance T-BOT

Tradenance T-BOT is advertised as “the world’s fastest robot and profitable trading platform.” The developers claim that it’s effective trading Forex, crypto mining, social trading, block chain and CFD. The presentation is somewhat confusing, as it seems to be some sort of the catchall investment program. While it is advertised as a robot, it seems much more like a high-yield …

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Social Trading Review: AlpsSocial

Today I’m reviewing a Forex social trading network that’s quite a bit different from the other networks I’ve reviewed thus far, AlpsSocial. My first take, is that this network is still in the growth phase, but does have some potential, which makes it worth analyzing in order to predict its future potential. Established in 2014, the Alps Networks company is …

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Social Trading Review: Myfxbook AutoTrade

Best known for their statement sharing services, Myfxbook also provides AutoTrade capabilities, that allow traders to benefit from their version of the social trading network. They advertise the service as next-generation trade mirroring, built to be compatible with nearly 40 different Forex brokerages. It is unknown the exact team that owns Myfxbook, or where they are located physically. With a …

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Social Trading Review: Tradeo

Today I continue my foray into the Forex social trading platforms, with an innovative solution that promises bank level security and an advanced set of tools, Tradeo. This is one of the more popularized, and reviews social networks available, but that doesn’t mean that it’s the best. Today I will analyze all the details of this service, and also provide …

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Social Trading Review: Ayondo

Today I continue to delve into the world of social trading networks, with a service built to provide access to some of the top traders in the world, Ayondo. The developers of this service believe that by mixing and matching different traders, and trading styles, that you will be able to create a portfolio that meets your needs and expectations. …

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Social Trading Review: Collective2

As I continue my series of Forex social trading reviews, I’m looking at a platform built to connect investors with top performing traders, Collective2. This service allows for traders to copy the trades of “trade leaders” directly to your personal brokerage account. The developers consistently mentioned throughout their website that the results being provided are all hypothetical. I appreciate this …

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