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Social Trading

Like most beginner traders, you are probably intrigued by the idea of trading signals. Learn more about how Social Trading works and if it's right for you.

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What is social trading?

Social trading is a form of trading that enables traders and investors to observe and copy someone else’s trades. Typically, new or intermediate traders are interested in social trading as it offers a way to reduce the amount of time the individual spends placing their own trades. 
Social trading is not suitable for everyone so do your own research.

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Is social trading suitable for traders like me?

Answer these questions to see if you’re a good fit to try social trading. Remember to count your Yes’s.

0%

Are you tired of doubts and excessive trading emotions?

Do you need to conduct your own due diligence before choosing the right trader to copy?

Do you have enough time to trade by yourself?

Is someone who trades with a trade copying service is guaranteed to make a profit?

Do you use automated trading systems to execute your trades?

Is it a good idea to allocate all of your trading capital to social trading?

Have you ever diversified your trading with multiple strategies?

Is a trader’s past performance a guarantee that their future performance will be the same?

We are evaluating your answers...

Your result will come up soon

How can you start social trading?

Open a live
Account at Switch Markets

Fund your
live trading account

Register at
MQL5.com community

Choose the Strategy
Providers and start copying!

Social trading made easy.
Find out how we can help you!

MetaTrader Trading Signals is a copy-trading solution that allows traders to copy the most successful strategies from thousands of traders from all over the world! Lean on other traders skills and experience to boost the performance of your own trading.

  • Let your money work while you still learn, practice or whilst on vacation
  • Diversify your portfolio by copying multiple strategies
  • Low subscription fees starting from as low as $0
  • Subscribe to some of the best Signal Providers in just a few clicks
  • No paperwork or negotiations
Open a Live account
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Why trade with Switch Markets?

0% commission & no hidden costs

Whatever you’re trading, we know that every penny matters. That’s why we’re all about low spreads and transparent pricing.

Fast order execution

Average execution speeds of under 76ms. Do we need to say anything else?

Spreads from 0.0 pips

Spreads with no hidden costs mean we really do offer 0.0 pips. Switch Markets is the difference traders have been waiting for.

100% First Deposit Bonus

Deposit as little as $100 and we'll match you up to $5,000. No catches, that's just how we do it.

1:500 Maximum Leverage

Spread the costs and trade with leverage up to 1:500 on hundreds of global markets including Forex, Stocks, Commodities & more.

Free Forex VPS

Real traders know that using a VPS makes all the difference. We are now giving out a free Forex VPS with every new account!

Trade and invest in 180+ tradable instruments today.

Global markets right at your fingertips...

Forex

Majors, minors and exotics. No matter the pair, we’ve got you covered.

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Get involved in one of the most exciting markets - precious metals.

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Indices

Trade indices from across the globe and major markets.

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CFD Shares

Trade CFDs of some of the most popular companies.

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Trade the most widely used digital currencies.

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FAQs

What is Social Trading?

Social trading is a form of trading that enables traders and investors to observe and copy someone else’s trades.

Many describe social trading essentially as a form of social network that enables traders and investors to interact with each other, copy each other’s trades and follow their decision making processes.

How do I choose the best Signal Provider to follow?

There are numerous different indicators that can help you when choosing which accounts to follow on a social trading platform. These include profitability, active account duration, maximum drawdown & more.

Profitability: One of the most important indicators to check is Profitability. Make sure you review the Signal Provider’s past trading records and assess how profitable they are based on past performance.

Active Account Duration: Another important indicator one should pay attention to is checking how long the provider’s account has been active for, and how long the trading account has been earning profits. You can see all signal providers’ account statistics through their account activity.

Maximum Drawdown: Next, make sure you check the provider’s maximum drawdown in relation to the profit of their account. This will allow you to determine the aggressiveness of their strategy.

There are also many other factors that a trader should watch out for. These include percentage of profitable trades, percentage of losing trades, profit rate, and more.

How reliable are the trading results of Signal providers?

Not all trade signals are of equal quality. When it comes to reliability, you can’t go with the first provider you find. Instead, you’ll want to choose your signal provider wisely. When choosing what signal provider to follow, please ensure you follow the steps highlighted in the question above.

Can I follow many strategies at the same time?

The short answer is yes. You can essentially follow as many strategies as your heart desires, however this also comes with some obvious risks. When copying trades, it is recommended you have at least some basic information and knowledge of the trading strategy the signal provided you copy from uses. It is extremely dangerous to copy trades blindly. Unfamiliarity can lead to a level of discomfort and potentially result in unnecessary trading losses.

How many Signal providers can I follow at the same time?

Traders and investors can copy their trades from as many Signal Providers as they like at the same time. There is no cap on the maximum number of Master Accounts a trader can follow.

What are the strategy types used by Signal Providers?

You can choose from a wide variety of Signal Providers, offering a wide variety of trading strategies. Signal providers follow trading styles including scalping, swing trading, and trend following just to name a few.

It is important you make sure that the signals provided by the trading signals provider align with the style and method that you are comfortable and familiar with.

Otherwise, when trading begins, unfamiliarity may lead to a level of discomfort that may cause an inexperienced trader to deviate from the Forex signals, and potentially result in unnecessary trading losses and traders losing money rapidly.

How can I become a Signal provider if I trade at Switch Markets?

Switch Markets is all here for building a strong community of traders and welcomes all successful traders to share their wisdom and help us build one of the best social trading platforms out there. Follow the steps below to get started.

  1. Open a live Account at Switch Markets → www.switchmarkets.com/signup
  2. Register at MQL5.com community or log in if you already have an account
  3. Complete additional registration as a Seller. Both your contact details and copies of your ID documents must be provided.
  4. Create a catchy name for your signal and set the subscription price.
  5. Wait for your account to be verified and Ta-dah! You’re ready to share your knowledge.

How can I copy trades with Switch Markets?

  1. Open a live Account at Switch Markets → www.switchmarkets.com/signup
  2. Fund your account
  3. Register at MQL5.com community → www.mql5.com/en/signals/mt4
  4. Choose the Strategy Providers and start copying!

What is the minimum deposit to participate in Social Trading?

The minimum deposit to participate in Social Trading with Switch Markets is $50. Once your account is funded, register at the MQL5.com community, choose the strategy providers and start copying!