Rating Index

Pros

Regulated by CySEC, providing a level of security and transparency for traders.

Offers a free demo account, allowing users to practice and understand the platform without financial risk.

Access to a selection of licensed brokers and experienced strategy providers for automated and copy trading.

Cons

High minimum deposit requirement of $5,000, which may be a barrier for novice traders.

Limited selection of trading assets, focusing primarily on forex and a few commodities.

Complaints regarding the legitimacy of the platform and the effectiveness of some strategy providers.

Duplitrade broker Accounts

DupliTrade Account Type

DupliTrade offers a range of account types designed to cater to different trading needs. The primary account types include:

Standard Account:

Minimum Deposit: $2,000
Commission: 1% on trades
Leverage: Up to 1:200
Access: Allows users to copy trades from selected strategy providers.

Pro Account:

Minimum Deposit: $5,000
Commission: 0.5% on trades
Leverage: Up to 1:200
Access: Provides the same features as the Standard Account but with lower commission rates.

Both account types grant access to the same features and platforms, primarily utilizing the MetaTrader 4 (MT4) platform for trading.

DupliTrade Broker Account Opening Process

Opening a broker account with DupliTrade involves a straightforward process:

Register with DupliTrade:

Visit the DupliTrade website and complete the registration form.
You can sign up manually or use a Google account for quicker registration.

Open a Brokerage Account:

Choose one of DupliTrade‘s partnered brokers (such as AvaTrade, IC Markets, Pepperstone, FXPro, Fusion Markets, or Axi).
Follow the broker's specific registration process to create your account.

Link Your Account:

Once your brokerage account is open, link it to your DupliTrade account by entering your MT4/MT5 account number.

Select Strategy Providers:

After linking your accounts, you can choose from a selection of strategy providers to copy trades from.
Adjust your exposure settings based on your risk tolerance and investment goals.

Track and Analyze:

Monitor your trading account in real-time, receiving email notifications for trade actions as they occur.

This process ensures that you can effectively utilize DupliTrade’s automated trading features while managing your investments with a reputable broker.