DupliTrade Review 2022

Safety & Regulation

Why Use DupliTrade?

DupliTrade was created for traders to have a simple auto trading experience.DupliTrade is an automated trading platform that specializes in Forex and Cryptocurrency trading. This European-based auto trading platform provides a free trial for all traders who wish to try automated trades.

This automated trading platform allows traders to easily automate trading activity in your trading account based on signals from advanced traders with extensive backgrounds, while simultaneously gaining further understanding of their strategies.

Only Audited Traders

Strategy providers are available for traders to select from, and their eligibility are very essential in the selection process. With DupliTrade, not just anyone can become a strategy provider. All strategy provider accounts are provided on the website are real trading accounts of traders with years of experience and the ability to trade with real money.

The team of DupliTrade are dedicated to locate strategy providers, by making them go through a strict auditing procedure that ensures their performance is consistently maintained. After the auditing process, then the strategy providers are added to DupliTrade and are available for you to duplicate their strategies.

Only Regulated Broker

One of the main aims of DupliTrade is to ensure the safety of your personal information and funds. In order to use DupliTrade, you are required to open a trading account with one of the available regulated Forex broker partners. All of the traders are directly duplicated to your trading account of the partner, ensuring the safety of your personal data and funds.

Advanced Technology

The innovative automated execution mirroring system of DupliTrade allows traders to copy trades of your chosen strategies by automatically operating orders into your Forex broker account, without external intervention. This process assures instant execution and guarantees access to trading data in real time and detailed performance history.

User Friendly

With DupliTrade, it is easy to use and navigate, the platform is designed to be used by all types of traders, both novice and advanced. You will find tutorials that answer any questions you may have, with the added option to trade both manually and automatically on a simple interface, making it easier to focus. The auto trading platform allows you to concentrate on finding the right trading strategy that you want to follow and watch your trading account in action, while learning all you want to know from expert traders.

Who Is DupliTrade For?

This auto trading platform would help a novice trader to trade as a professional from the start. By copying open positions from experienced traders, then you will be able to understand the tricks of the trading world without facing major financial risk. You will also be able to understand how trading works in real time, and how to use trading tools efficiently.

Services of DupliTrade

Copy Trading

DupliTrade offers copy trading services that allow traders to automatically duplicate positions that are opened by a trader with experience, who both has extensive trading knowledge and who has traded on several different financial markets. Copy trading is executed by the use of computer systems that links both brokers and traders together, with an experienced trader as an intermediary.

Copy trading with DupliTrade enables traders to copy every trading operation that is done by another trader, to reproduce the performance of the other trader. This trading service is established by discovering an experienced trader that meets the criteria of the trader, and then arranging the settings of DupliTrade for traders to begin copying actions.

Expert Advisors (EAs)

DupliTrade provides an Expert Advisor system that gathers data and processes it to establish a complex model with a foundation of pre-defined rules of YES\NO. Expert Advisors analyzes charts of financial assets on how it operates and gathers data from trading indicators, in accordance to the definite strategy.

Expert Advisors with DupliTrade classify the direction of the trend and the point of opening a transaction. This service calculates the transaction size, in accordance to the account size and risk level. The next step after calculating is that it manages the transaction size, to the current market events and conditions. This process must be in harmony with strategy regulations, before ending the position.

Algorithmic Trading

Algorithmic trading with DupliTrade operates by using complex algorithms and advanced trading systems that execute purchasing and selling operations in less than seconds. Automated trading is executed by algorithms that exist in both trading bots and trading platforms that are online. These advanced features can determine market movements and other aspects at the fastest speed and is able to perform up to thousands of executions more than a human trader can even start.

Social Trading

DupliTrade social copy trading is a system that enables users to share duplicates of their trade guides and instructions about market entry and exit points, with other traders on a platform. The sharing of copies can be executed by marketplaces that act as a headquarters for all traders to share and copy ideas from one another, as well as interact with each other as a community.

DupliTrade Fees

This means that DupliTrade does not limit you to one base currency, but allows you to deposit and withdrawal funds based on your existing base currency in your trading account. You will not have to convert your funds, meaning that DupliTrade values your comfort.

What Is The Minimum Deposit?

In order to become a member with DupliTrade, the minimum initial required in your brokerage account must be 5,000USD or its currency equivalent. This means that your trading account with your Forex trading broker must have at least 5,000USD or above so you can be eligible to be a part of DupliTrade and have access to its services.

However, you do have the option of joining a free trial to try out DupliTrade, a Demo Account. The Demo Account is a hands-on approach to how you can use DupliTrade and watch the DupliTrade auto trading platform in action without facing any financial risk.

What Are The Charges Related To Using DupliTrade?

With DupliTrade, there are no charges relevant to using the auto trading service of DupliTrade. You will find that there are no monthly charges for the service, which means you will not have anything to worry about.

However, DupliTrade does charge a commission from the trades taking place, which means that this auto trading platform takes a cut of your profit as commission. Since there are no other fees except for the commissions from trades, it is fair to say that DupliTrade considers how much a user cares about their funds.

CloudTrade Platform

CloudTrade is Blackstone Futures’ own proprietary trading platform. It was designed to provide traders with an appropriate trading experience and is easy to use.

The charting package of CloudTrade provided is powerful and comprehensive and provides an adequate number of capabilities. The platform allows for instant execution of market orders and it provides several resting order types.

CloudTrade can be accessed either through trader’s web browsers or it can be downloaded and used on mobile devices that support Android and iOS.

Using DupliTrade

To join DupliTrade, you will need to follow four simple steps to become a member. However, as mentioned above, you will need a trading account with a Forex broker before you join DupliTrade; make sure you have one and then join DupliTrade.

The first step is to register with DupliTrade and fill out their online application. You will find the next step is choosing the broker you want to trade with, where a list will be provided for you to select your preferred Forex broker from. Once you have chosen a broker, you can link your trading account with DupliTrade. The third step is that you choose from a list of strategy providers on whom you want to follow and to adjust your financial exposure. With the final step, you start tracking and analyzing your trading account in real-time and real market conditions.

How To Join DupliTrade

To join DupliTrade, you will need to follow four simple steps to become a member. However, as mentioned above, you will need a trading account with a Forex broker before you join DupliTrade

Brokers Integrated with DupliTrade

DupliTrade Strategy Providers

There is an overview of every trading strategy, with a general description of the strategy, a full statistical data report, and trading traits that will help you to select which strategy is preferable to your criteria and taste.

There are currently 12 strategy providers that are known as: Amber, Apollo Aurora, Boulder, Carbon, Emerald, Garnet, Legacy, Mercury, Pearl, Spark, and Titanium. These 12 strategy providers with help you with your trading strategies by enabling you to copy off them.

How To Become A Strategy Provider On DupliTrade

With DupliTrade, you can be a strategy provider by filling out an online application with your personal information, Forex broker, and system description. However, it needs to be approved by DupliTrade before you can become a strategy provider.

You also need to meet the minimum requirements of DupliTrade to become a strategy provider.  The first condition is having a top-tier licensed broker MT4 or MT5 real trading account with at least 2,000USD available. You will need at least three months of trading performance history that is constantly available for auditing. The strategy provider will need to have a draw down percentage of at most 20% over the duration of the account. You will need to reach a net profit of no less than 10% over the duration of your trading account.

How Much Do DupliTrade Strategy Providers Earn?

With DupliTrade, there is an equation to find out how much strategy providers earn. This DupliTrade review will provide you with a numerical example that will show you how the revenue of strategy providers is calculated.

However, it should be noted that there are four factors that are taken into consideration to calculate revenue or earnings. The four factors are the total lots of profitable trades, number of followers, total lots executed on your trading account, and the generated volume of the profitable trades. This calculates into your monthly earnings, as a strategy provider.

Customer Service

Despite only having phone support as human-to-human interaction, online means of communication give accurate responses at a fast pace. You can also interact with the customer service in different languages, such as: English, Spanish, Chinese, Italian, French, Arabic, and Russian.

Means Of Communication

• Message Forum
• Email support
• Phone support

Demo Account Opening

You will be able to interact as if you are really trading, but you will not face the financial risk that comes with real trading.

How To Open A DupliTrade Demo Account

Step One: Fill in your personal information in the online application.

Step Two: Open activation email and start virtually trading!

DupliTrade vs Zulu Trade

Given they are a new company, they still need to learn how to take care of their customers and they have to make their platforms better. They should also offer more educational materials. Not to mention that they should work on offering people more information about their accounts and the other features available.

DupliTrade and ZuluTrade are both trading platforms that provide copy trading services, but they could not be more different. With DupliTrade, you will need a minimum deposit amount of 5,000USD in your broker account, while in ZuluTrade you will need a minimum deposit from 1USD to 300USD. DupliTrade has selective strategy providers, while ZuluTrade gives you access to more than 10,000 signal providers.

DupliTrade has a very strict process for allowing a trader to become a strategy provider, but it is much easier to become a signal provider with ZuluTrade. With DupliTrade, you and your strategy provider are using your broker account funds. However, with ZuluTrade, the signal provider does not have to use their capital funds, putting your capital at risk. DupliTrade is a good platform for all types of traders, novice and advanced alike. However, with ZuluTrade, the money management system they provide will not be easy to maintain for novice traders.

ZuluTrade was established in 2007, created as a response to the fact that there is no web-based platform that allows traders to audit globally and share their trading knowledge with other traders.

There is another benefit of this social trading platform that it offers the ability and ease of linking specific trades to Forex broker accounts of traders. ZuluTrade offers an open environment for traders on a global level, allowing them to link to any trading platform and share their trading knowledge.