It can take so long to finally become a profitable forex trader that once you reach that milestone, you want to maximise your potential and scale your accounts as fast as possible. If you’re taking a winning trade with a great risk to reward, what if that was automatically being taken on 15 accounts, instead of just 1? This would be way too time consuming to do manually, hence where trade copiers come into the mix!
In this article we are going to be reviewing 4X Solutions Trade Copier, one of the most well known trade copiers in the industry with over 15,000 active users. We will look at the pros, cons, comparison to others in the industry and everything you’ll need to know…
What Is 4X Solutions Trade Copier?
4X Solutions Trade Copier is a cloud hosted solution that allows traders and brokers to copy trades to multiple accounts simultaneously and further increase profits being pulled out of the markets. 4X Solutions is the choice for over 15,000 traders around the world and has been a staple in the industry for the last 11 years.
Backed by Machine Learning, it’s easy to see why this platform has such a good reputation in the industry. Let’s find out more…
4X Solutions Features
The trade copier has a range of unique features that set it apart from some of the others in the industry like Forex Copier, for instance.
1. Completely Cloud Hosted
The whole solution is cloud hosted, meaning there’s absolutely nothing to download locally for yourself or your clients/copiers. This saves time, money and helps limit the downtime locally, meaning trades are copied with the most accuracy possible. This also makes it much more scaleable than some alternatives, as you don’t need to have multiple servers or stable connections locally to ensure consistency.
If being cloud hosted is a big selling point for you, I’d recommend checking out Forex Copier 4, as they’re also fully cloud based.
2. Risk Management
There is a risk management piece, powered by Machine Learning that works to ensure various limits aren’t breached including position sizing, drawdown and currency exposure. This is a KEY feature if you’re going to be scaling your copy trading business to a large volume of clients.
3. Crazy Fast Infrastructure
4X Solutions use the best in class technology for their services. They’re constantly looking to monitor and update end to end execution performance to reduce latency and improve the solution being offered.
Not only that, the servers are in a world leading data centre for financial services. They’re literally located meters away from some of the top banks and brokerages in the world, including the LSE. This ensures the scalability, reliability and performance of the solution around the clock.
4. Vastly Scaleable
The solution is completely scaleable due to the infrastructure and the way it has been built by the team. You can scale this up from having 2 accounts on the trade copier, to over 10,000 accounts and it’s still handled extremely fast, with little to no difference. Of course 10,000 accounts isn’t going to be needed for retail traders, but for brokers and money managers, this could be very much needed.
Although with 4X Solutions you’re going to be paying much more money than say for Local Trade Copier, LTC really isn’t scaleable to the level that this platform is. If you have a crazy large volume of accounts to add to a copier, this may be your best option!
4X Solutions Plans & Pricing
When it comes to pricing, compared to others in the industry like Local Trade Copier, 4X Solutions really isn’t cheap. The total monthly cost is really going to depend on the scale of your operation and whether you’re just trading for our own accounts, or for multiple people as well.
With the basic $15 per month package, you’ll be able to copy trades to one account – which is not great. With the standard $60 per month package you’ll be able to copy trades from 2 accounts, to 5 follower accounts. It really just scales up from here, all the way to the Pro+ option for $500 monthly where you’ll have 75 accounts under management.
Depending on the size and scale of what you’re doing, I’d recommend the Standard package for $60 per month for the majority of retail traders. Although this is fully managed and cloud hosted, it’s going to still be costing you more than using something like MT4 Copier, hosted on a Forex VPS – so bare that in mind.
4X Solutions Broker Partnerships
4X Solutions Reviews – What Do Traders Think?
4x Solutions doesn’t actually have it’s own Trustpilot page but 4X Hosting does – which is the VPS side of the same company. 4X Hosting has an Excellent reputation on Trustpilot with nearly 50 reviews currently, clocking in at over 80% of excellent reviews. Although this doesn’t fully account for the trade copier side of things, a lot of the reviews I have read on the page are talking about the copier, as well as the VPS solution too.
Josh here is very satisfied with the trade copier and praises the team for creating something to fast to setup. As he mentions, once the initial setup is done, the trade copier really does run itself.
How To Run The Trade Copier?
With the majority of forex trade copiers you have a subscribe to a Forex VPS in order to run them consistently and ensure there is no downtime. However, 4X Solutions have created a copier that is hosted fully in the cloud, meaning that yourself, your clients or your trading partners don’t have to download anything locally to actually run the trade copier.
Instead of local applications, you’ll have access to a web-based portal that allows you to fully control the trading accounts from anywhere in the world. As much as I like having everything local on my computers, I very much like the fact I can tap into the trade copier from anywhere and ensure it’s running smoothly.
In Conclusion, Is 4X Solutions Trade Copier Worth It?
In summary, 4X solutions trade copier is one of the best offerings in the industry for scaling up a trading operation to copying trades onto a huge amount of accounts. The risk management features alongside the scalability and cloud hosting is perfect for traders with a larger amount of copier accounts, or brokers looking to get into the copy trading market.
Personally, I think the service is a bit overkill for retail traders with just 2-3 accounts they’re looking to multiply trades on. For a very small operation like that, something local like MT4 Copier or Forex Copier would be a better option. However, for brokers and serious money managers, 4X Solutions is suited for you!
If you have any experience with this company please to let me know in the comments below, I’d love to hear your feedback!