Copy Trading Allowed

“Copy Trading” is the practice of taking the main account you are trading from, and “copying” the trades to other accounts you own or control. The purpose is to replicate ones trades across different accounts that can be from the same company or even different companies, in order to keep position sizes smaller, manage risk, and stay within drawdown limits. It also protects the trader against trading accounts that have balances that they don’t want to risk trading, since the trader can choose which accounts to copy their trades to or not. Some firms don’t allow this at all, some only allow copying within their own system, so this is another thing that is important to check if you want to trade multiple accounts simultaneously.

The way this is accomplished varies, sometimes the trading platform has an indicator or plugin that helps accomplish this, it can be done with custom programming using an API, and there are also services that provide software to connect and bridge your master account to other platforms and services, which will be listed and reviewed on this site.