Prop Firms that Allow Copy Trading (Trade Copiers for Futures Trading 2024)

When I first started my journey into the world of forex trading, then to futures, I was eager to explore every avenue that could potentially amplify my bank account. Little did I know, my introduction to futures trading would open my eyes to a game-changing tool: trade copiers, are a game changer! Trade copiers revolutionize the way traders manage their accounts and execute trades. This is where trade copiers step in revolutionizing the way traders manage their accounts and execute trades. Continue reading this blog  to explore the top prop firms that allow copy trading.  

• Apex Trader Funding
• Take Profit Trader
• TopStep
• My FundedFutures

What is a Trade Copier?

First things first, let's break down what exactly a trade copier is. At its core, a trade copier is a sophisticated software application designed to replicate trades executed in one account onto another account in real-time. Essentially, it automates the process of copying trades, eliminating the need for manual entry and saving traders valuable time and effort. 

How Do Prop Firms that Allow Copy Trading Work? 

In the world of futures trading, where split-second decisions can make or break a trade, trade copiers offer unparalleled efficiency. Whether you're managing multiple accounts or looking to mirror the trades of a successful strategy, a trade copier streamlines the process by automatically executing trades across all linked accounts. 

Setting up a trade copier involves configuring parameters such as filters and lot size multipliers to ensure accurate replication of trades. Once set up, any trades executed in the lead account are promptly mirrored in the follower account(s), maintaining synchronization and consistency across all linked accounts. 

Benefits of Trade Copiers in Futures Trading 

The benefits of using prop firms that allow trade copiers in futures trading are plenty: 

1. Automation: Trade copiers automate the process of copying trades, reducing the potential for manual errors and saving traders valuable time.
2. Efficiency: With trade copiers, traders can execute trades across multiple accounts simultaneously, streamlining operations and maximizing efficiency.
3. Risk Management: By replicating trades across multiple accounts, trade copiers allow traders to diversify their portfolio and spread risk effectively.
4. Strategy Replication: For traders looking to replicate the success of a proven trading strategy, trade copiers offer a seamless solution for mirroring trades across multiple accounts. 

How let’s discuss the recommended Futures Trading Prop Firms that allow copy trading.

• Apex Trade Copier

Apex is amongst one of the most popular futures firms that allow you to copy trade. At Apex Trader Funding you can trade up to 20 accounts at the same time. Using the NinjaTrader 8 Trade Copier copies your trades, ATMs, take profit and stop loss adjustments on all accounts automatically. It's super simple to use. 

Apex enables you to do the following when using their copy trader with NinjaTrader 8 or Tradovate:

1. Copy trades on multiple accounts up to 20    
2. Copy from mini to micro
3. Copy atms, stop losses, and take profits
4. Copy with different sizes

•  Take Profit Trader

Trade up to 3 accounts with Take Profit Trader. Follower Account(s) will mimic any trades or actions from the Lead Account. Once a Profit Target or Stop Loss is hit, the Lead Account and all Follower Accounts will be liquidated immediately, so you can expect similar total profits and losses across all accounts depending on order entry and market volatility.

• Top Step

The Trade Copier in TopstepX is a tool that allows traders to copy trades from one account to another. This can be useful for traders who manage multiple accounts with a successful trading strategy. 

• My FundedFutures

You have the option to trade up to 3 accounts using the platforms copy trading feature. Tradovate for example, has a built-in copy trading feature.

1. These accounts should all belong to the same account at MyFundedFutures. This feature allows you to manage and execute trades across multiple accounts efficiently, enhancing your trading capabilities and flexibility.
2. Trader has the privilege to activate up to 6 successfully passed tests within a span of 30 calendar days. 

When it comes to selecting a prop firm that allows copy trading for futures, it's essential to consider factors such as reliability, ease of use, and compatibility with your trading platform. Look for a trade copier that offers robust features, such as support for various order types, risk management tools, and customizable settings.

Final Thoughts 

In conclusion, prop firms that allow trade copiers deliver a powerful tool for futures traders seeking to streamline their operations, maximize efficiency, and replicate the success of proven trading strategies across multiple accounts. By automating the process of copying trades, trade copiers empower traders to focus on what truly matters—analyzing the markets and making informed trading decisions.

Whether you're a seasoned futures trader or just starting out, incorporating a trade copier into your trading arsenal can help you gain a competitive edge and achieve your trading goals more efficiently. Embrace the power of trade copiers and take your futures trading to new heights! 

Read Other Related Articles

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4. Day Trading Futures with Prop Firms
5. Prop Firm and Futures Trading Videos
6. How to Trade Stock Options on Robinhood 

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