A Guide to DupliTrade – All You Need to Know About the UK-Based Copy Trading Platform

Launched in 2017, DupliTrade is a copy trading platform that allows users to duplicate the trades of master traders. Since starting its operations, it has partnered with over ten brokerage firms to offer their users access to a copy trading feature. Some of the brokers include FXPro, Pepperstone, AvaTrade, and IC Markets.

As a DupliTrade user, you can copy trades in the commodities, indices, crypto, and forex markets. Moreover, the platform offers customer support in various languages, including Russian, Chinese, Spanish, Arabic, and English, to ensure all users across the world are assisted effectively.

Is DupliTrade Beginner-Friendly?

One of the aspects that make DupliTrade a go-to platform for many investors is its easy-to-use interface. Whether you are a novice or an experienced trader/investor, you can easily navigate the copy trading platform. To start using DupliTrade, you only need to create an account and link your brokerage account, then select the master trader you wish to follow.

On your dashboard, you will be able to monitor the trades and your investment portfolio. Note that Duplicate allows you to copy ten traders at a go.

How Does DupliTrade Perform?

From registering an account to copying trades of expert traders, DupliTrade offers an excellent user experience. Moreover, to ensure a seamless trading experience, DupliTrade has partnered with the most reputable brokerage firms only. Therefore, you are assured that trades will be executed fast to avoid entering the market late.

Charting

DupliTrade has made the process of selecting your preferred traders easy. The platform ranks the master traders based on their performances within a specific timeframe; it could be a month, a week, or 90 days. On each trader’s profile, DupliTrade displays their profit and loss data, assets under management, the number of users following them, and the history of their trading activities. This information is vital as it helps you pick the ideal trader who aligns with your investment goals.

Does DupliTrade Offer Risk Management Tools?

Yes! DupliTrade has made it possible for users to manage their trading risks using sophisticated tools. It has implemented a risk control tool that allows users to set parameters like take profit and stop loss as well as allocate the amount of funds they wish to trade with.

DupliTrade Support Resources

DupliTrade understands that some users may not have the knowledge of how copy trading works. That’s why it provides access to a vast range of educational materials. Moreover, it teaches you how to pick the right master trader and manage your risk. Remember to check out the FAQ page if you want answers to certain questions. You can also contact the DupliTrade customer team, which is available 24/7.

Is there a demo account? Yes! With DupliTrade, you do not have to risk your funds right after signing up. Instead, you can set up a demo account and then follow a number of traders to determine which among them is right for you.

Does DupliTrade Have a Mobile App?

As of this writing, DupliTrade is only available as a web app. So, for now, it is advisable not to download any mobile app that claims to be DupliTrade.

How to Start Copying Trade on DupliTrade

As mentioned earlier, copying trades on DupliTrade is a straightforward process. Here is how to get started with the platform:

Step 1: Visit duplitrade.com and click the “Sign Up” button.

Step 2: Submit your full name, email, password, and phone number, then click “Create Account.” After verifying your phone and email, you will be ready to use your new DupliTrade account.

Step 3: Go to the “Strategy Providers” section and explore the master traders listed. If you find the right one, fund your brokerage account and connect it to your DupliTrade account to follow the trader. Remember, you can also follow them with a demo account.

Step 4: Copy the experienced trader’s trades and monitor them on your dashboard regularly.

That’s how simple it is to copy trades on DupliTrade. However, we recommend you do your own research before using the platform.