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 their account credentials and then the account can be managed directly via this platform.
The platform is owned and operated by Titanium Financial Technology. There is no information on their past trading experience, or their location, but they can be contacted via email at email@example.com. The website comes across as very professional, saw not as inclined to challenge their trading credentials.
Social Trader Tools Review
The purpose of the Social Trader Tools platform is to help traders manage multiple accounts. For the most part, this tool isn’t for your average trader, and is much more suited to service providers that are looking for a platform to serve the community.
The platform can be used for account managers, trade copiers, signal providers and they even offer a white label solution so that service providers can brand the platform with their own logo. For account managers, this platform would enable the master trader to load multiple accounts into his platform, and then trade on their clients behalf. The trade copier is a very similar process, with the main advantage being that they offer “the fastest copier in the market with an average replication speed of 50ms.”
When it comes to the signal providers, there is a built in signal page. The signal page can be utilized to simply show your trading performance, or offer a service “in which users can follow your signals either paid or for free.” This platform gives the average trader the ability to market their abilities and sell their signals, if they have an interesting group of traders willing and available to follow their trades.
- Established: 2018
- Company: Titanium Financial Technology
- Type: Cloud MT4 Management Platform
- Price: $20-1000/month
While the Social Trader Tools team reinforces the idea in their sales page that traders can add as many accounts as they like, this does come with a monthly fee depending on how many accounts you would like to add. For 2 accounts, it’s $20, for 5 accounts it’s $60, for 10 accounts is $120, for 20 accounts it’s $220, for 40 accounts $400, for 60 accounts $600, for 80 accounts it’s $800, and for 100 accounts it’s $1000.
So, this is certainly not a cheap platform to get involved with. If you are running an account management service where you manage 5 accounts, it would cost you $60 per month in order to manage these accounts. Considering the platform is the backbone of the entire business, it does make sense that they charge a pretty aggressive fee.
Currently, the Social Trader Tools platform advertises 12 significant features that they want the community to be aware of. There are no limits for the amount of MT4 accounts that can be managed, it’s a web-based interface, which requires no hosting and provides peace of mind. The platform can be accessed by multiple users, which means you can have the signal service or account management service being run by multiple people. You can sell signals, send email alerts, push events, share accounts and even give traders the opportunity to copy your trades directly.
These are all the features that I would expect from a service of this nature, so it’s good to see that they are all included.
There really isn’t much in terms of reviews yet online, but there are a couple five star testimonials available on the website.
One is from Alex Kinsman, of eHawk Partners Ltd, and he says that “we are in algorithmic software development company. To enable our products to be live tested we needed to import the expertise. Social Trader Tools has totally owned that process.”
I like what I see from the Social Trader Tools platform. While this certainly isn’t for your average trader, this does give advanced traders the ability to start their own service and provide the community with account management, trade copying or Forex signals. Everything comes across as professional and seamless, but I do recommend that anyone interested in the platform applies for a demo so that they can see if this fits their requirements.
If you have anything you would like to add, please leave your questions and experiences below the article now.
Social Trader Tools $20-1000/month
Social Trader Tools is a service that offers copy trading, account management and Forex signals.
Five start testimonials
No verified results
Limited strategy insight