DupliTrade is a European-based automated trading service provider for Forex and cryptocurrency trading that was founded in 2017.
With DupliTrade, you will have access to the best-licensed Forex brokers since there are many brokerage firms that have DupliTrade integrated as their auto trading platform.
The goal of DupliTrade is to turn into the world’s best-automated trading platform by providing traders with a factor that no other trading service provider can provide. This factor is providing a database of experienced strategy providers for traders to easily copy their trading strategies, making the trading world simpler.
|DupliTrade Main Features|
|⚖️Country of regulation:||Cyprus|
The Objective Of DupliTrade
DupliTrade aims to bring trading experience and the knowledge of professional traders to anyone, especially novice traders who do not know where to start. Trading requires a level of practice and experience that takes up a large amount of time and effort. However, despite the challenges, there are traders who have mastered the art of trading in financial markets.
DupliTrade would like to give traders access to follow and learn from the trading gurus, so these traders can be educated and start off trading like a professional.
DupliTrade provides a highly developed automated execution mirroring system, which allows traders to auto trade on Forex, Commodities, and Indices. Auto trading with DupliTrade is done by copying the trades of specifically chosen experienced traders, known better as strategy providers.
When Did DupliTrade Start?
DupliTrade is an automated trading platform that allows Expert Advisor to be available, which was founded in 2017. This auto trading platform has received feedback on its professionalism and its transparency.
DupliTrade have access to licensed brokers from all over the world, and this platform is very open about its processes. The range of brokers on this platform is a first for the trading world, which is why this automated trading platform is a big deal.
|• Free trial available||• Generates profit via commissions|
|• Regulated brokers available||• The high minimum deposit to use|
|• Free to join||• High required minimum deposit|
|•Regulated by the Cyprus Securities and Exchange Commission (CySEC)||• Only 24\5 customer support|
|• Up to five strategy providers|
DupliTrade is a European-based automated trading service provider for Forex and cryptocurrency trading that was founded in 2017.
Safety & Regulation
DupliTrade is run by DT Direct Investment Hub Ltd; its official address is 74 ArchiepiskopouMakariou C’, Amaranton Court, 2nd Floor, Mesa Geitonia, Limassol, Cyprus.
The company is registered and regulated by CySEC, in order to ensure the best execution standards and ongoing service with no interruptions.
|• Regulated by ASIC, DFSA, and the FCA||• No banking license|
|• Provides negative balance protection||• No investor protection outside of the EU|
|• Offers investor protection||• No EU license yet|
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.
|• Provides advanced technology||• High minimum deposit amount|
|• Only allows regulated Forex brokers as partners||• Limited selection of Forex brokers and strategy providers|
|• Only allows audited traders|
|• Fast account opening process|
|• Top-tier regulator and transparency in all processes|
|• Protection of client funds and personal information|
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.
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.
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
These types of services are: copy trading, Expert Advisors (EAs), algorithmic trading, and social trading.
|Copy Trading||Expert Advisors (EAs)|
|Algorithmic Trading||Social 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 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.
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.
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.
|• No monthly fees||• Charges commissions|
|• No service fees||• High minimum deposit required|
|• All interactions are free|
|• Range of base currency according to your trading account|
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.
|Deposit Fees and Withdrawal Fees|
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.
You will also have the option to open a live account or a Demo Account as a 30-day free trial.
|• Easy to open a DupliTrade Account||• Limited selection of Forex brokers|
|• Opening an account is all digital||• Unable to join unless a member of the list of Forex broker partners|
|• Easy to navigate|
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
Brokers Integrated with DupliTrade
These nine Forex brokers are available for copy trading and are all regulated by top-tier financial regulatory agencies. These brokers are chosen because they will ensure the safety of client funds and client information.
|• Limited range of available Forex brokers||• Guarantees safety of client information and funds|
|• Top-quality service|
|What Brokers DupliTrade Offers|
DupliTrade Strategy Providers
|• High monthly earnings for strategy provider||• Difficult process to become strategy provider|
|• Traders can choose strategy providers based on their criteria||• Limited selection of strategy providers available|
|• Overview for each strategy available|
As the name describes, strategy providers are advanced traders with extensive knowledge and impressive trading records. These providers are trading on their own live accounts with real-money and with licensed Forex brokers. The strategy providers of DupliTrade are all chosen carefully to enable traders with the best and brightest minds of automated trading.
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.
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.
|• Different means of communication||• Not available 24\7|
|• Fast service|
|• Accurate responses|
|• Range of different languages|
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.
|• Real-time trading||• Limited time for Demo Account|
|• Real market conditions||• Only 30-day free trial|
|• No financial risk|
|• Hands-on approach to learning|
|• Up to 50,000USD in virtual funds|
|• Option to upgrade to Real Account is available|
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.
|Pros Of Zulutrade||Cons Of Zulutrade|
|• Demo Account available||• Overnight fees are required|
|• Regulated by Hellenic Capital Market Commission||• Inconsistent traders|
|• Range of trading tools|
|• Notifications available for alerts|
|• Different methods of payment|
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.
Frequently Asked Questions
Is Duplitrade Safe?
What is the minimum deposit required to use Duplitrade?
The minimum deposit is $5000.
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Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.
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All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.
Director of Research & Analysis
Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com.
Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.
Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.