Social Trader Tools Review: this is the name of a Forex automated robot that is designed to work on MT4. Is this robot legit or another scam? Forex robots sound very pleasing as they come in handy but not all of them work well. Read this review to find out more about the product.
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What Are Forex EAs, Signals or Indicators?
Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.
Traders are also provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs do more than just give signals, they carry out trading activities for traders depending on their needs and/or preset instructions.
It is totally in character for Forex EA vendor or signal providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Social Trader Tools Review
The robot is designed by a company called Titanium Financial Technology. We do not get any detail on their location. It works using a cloud-hosted platform where clients upload their account information to be managed.
How Social Trader Tools Work
It requires lots of experience to use the tool and we found that it is useful for account managers, trade copiers and signal vendors. With this platform, account managers can manage many trading accounts at the same time using his/her platform. They do not need special software, complex configurations nor VPS servers.
Trade copiers can use this service because it offers an average replication speed of 50ms. Once the trader has connected accounts to their platform, they set up trading. It is highly configurable with different risk types and settings for all scenarios.
The signal pages allow a service provider to offer its own trading account to other users. They are publicly viewable with long random codes making it difficult to guess. It can be used to show trading results and terms can be defined for users to either follow signals for free or pay.
Whitelabels are offered to those looking to start a trading business or existing brands. Traders can choose various styles and add their brand’s logo. Clients can restrict what brokers can be used on their Whitelabel or even add a broker affiliate link.
Features of Social Trader Tools
• Users can manage as many MT4 accounts as needed
• Turn losing strategies to winning ones with a reverse copy
• Sell trade signals
• Manage profile as a team
• Web-based interface
• Accounts are hosted on cloud 24/7
• Email alerts
• Real-time trading events
• Trade copier
• Equity protection that is automated
Social Trader Tools Pricing Structure
The prices depend on the number of accounts added by a user. It is paid per month and 2 accounts cost $20 while 60 accounts go for $600. The price for 100 accounts is $1000.
As a vital part of our reviews, we consider what people who have made use of a product or service are saying about it. We always prefer this on third-party websites rather than on the official page of the service itself. This is because sometimes, what we find could have been manipulated.
We couldn’t find much on client reviews on other websites, but there are no negative reviews and we think traders should be aware of this.
To get in touch with the vendor or a representative of the customer support service, send an email to firstname.lastname@example.org.
The services offered by this company is very unique and quite interesting. We found the information presentation quite professional and encouraging. The pricing is high if we view how much signal selling can earn for a trader as well as managing accounts. No reviews from clients on other sites is available yet. Anything to add to this review? Use the comment section and share your thoughts.