Mirror trading Forex brokers reviews by ForexSQ experts, Finding out who is the best mirror trading platform in the world, Open free mirror Forex trading account with the best Forex mirror trading brokers.
What Is Mirror Trading
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The mirror trading method allows traders in financial markets to select a trading strategy and to automatically “mirror” the trades executed by the selected strategies in the trader’s brokerage account.
Traders can select strategies that match their personal trading preferences, such as risk tolerance and past profits. Once a strategy has been selected, all the signals sent by the strategy will be automatically applied to the client’s brokerage account. No intervention is required by the client as all the account activity is controlled by the platform.
Clients may trade one or more strategies concurrently. This enables the trader to diversify their risk while maintaining trading control of their account.
Mirror trading is sometimes also referred to as copy trading although copy trading differs slightly from mirror Forex trading in the way that accounts are linked.
Mirror Trading is a method in forex trading that enables traders to ‘mirror’ strategies developed by other experienced Forex traders.
Mirror Forex trading has certain distinctions from program trading. Mirror trading is a concept that allows traders to copy or track trades from other traders. These other traders can come in the form of system developers, manual traders or financial institutions.
Mirror Forex trading allows traders to click and choose from a vast supply of trading strategies. The trades are delivered and executed automatically with entry and exit points on multiple currency pairs. Mirror trading is different than Social trading.
Mirror Trading Forex Brokers Reviews
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eToro is a mirror trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom.
AvaTrade was founded in 2006 in Dublin, Ireland and is licensed and fully regulated in the EU and BVI, as well as Australia, Japan and South Africa.
Alpari Ltd was created in Russia in 1998 but moved its headquarters to the UK, Alpari UK has merged with Alpari Global and is regulated by FCA in United Kingdom.
FXTM is an acronym for ForexTime.com, which is a new platform to the world of forex investing, The FXTM forex broker is owned and operated by its holding company FT Global Services Ltd and is based in Cyprus, Belize and Europe’s trading capital of London, UK.
Markets.com maintains its headquarters in Cyprus, UK and is an investment services firm that is operated by Safecap Investments Limited (Safecap), which was founded in 2006 and is a subsidiary of Playtec PLC.
Forex Capital Markets, better known as FXCM, is an online Foreign exchange market broker based in the United States.
Oanda broker is a Canadian-based Forex company providing currency conversion, online retail foreign exchange trading (fx), online foreign currency transfers, and Forex information.