Duplikium Trade Copier 2022 Review – Pros, Cons, My Experience


Duplikium Trade Copier

6.3

EASE OF USE

9.0/10

SETUP

9.0/10

COST

3.0/10

FEATURES

8.5/10

REPUTATION

2.0/10

Pros

  • FREE VERSION
  • GOOD RANGE OF FEATURES
  • FULLY CLOUD BASED

Cons

  • LIMITED REVIEWS ONLINE
  • VERY COSTLY COMPARED TO COMPETITORS

The majority of prop firms and forex brokers allow traders to have unlimited accounts at once, giving us traders a huge amount of potential options for growing our assets under management. The issue is it’s very hard to manually open, manage and close trades on multiple accounts across multiple brokers extremely quickly to ensure the best prices and without human error coming into play… This is where forex trade copiers come into play.

Duplikium Trade Copier is a trade copier that can work with all brokers, all platforms and claims to be the fastest in the industry. In this article, we are going to look at all of the features, the pros and the cons of using this platform. Let’s get into the article…

What Is Duplikium Trade Copier?

Duplikium Trade CopierOpens in a new tab.

Now we know what it does, lets take a look at the offering in a bit more detail…

Duplikium Trade Copier Features

A lot of the Top Forex Trade CopiersOpens in a new tab.

1. Copying Trades To Unlimited Accounts

Although the cost and pricing structure is going to change depending on how many accounts you’re copying trades to, the structure never changes. You’re able to copy trades to 4 accounts, or 400 – the possibilities really are endless as the infrastructure is extremely scaleable.

2. Cross Broker & Cross Platform Accounts

The trade copier allows you to copy trades from a range of account types, which is fairly uncommon. The current offering supports:

This is especially important if you’re going to be managing trades for clients that request a specific account type like LMAX. You can also add literally any forex broker meaning you could copy trades from an IC Markets cTrader accountOpens in a new tab.

3. Fully Cloud Based

The platform is completely cloud based, meaning you don’t need to setup any programs or platforms locally on your own hardware. With some of the most popular trade copiersOpens in a new tab.

4. Risk Management Settings

The trade copier comes with a range of risk management settings and tools that are crucial for traders with large operations that can’t keep an eye on all of the copier accounts day to day. Partial closes and other usual features still work absolutely fine and you’re even able to still manually trade on the copier accounts without effecting the trades.

5. Alerts

Duplikium Trade CopierOpens in a new tab.

6. Reverse Trading

One really useful feature is reverse trading. If your main account takes a risky buy, your copier account can automatically take the other side of that position. This is extremely useful if you know you have a losing strategy and taking the other side of the trade may in fact be profitable over the long term. This feature can also be used for hedging and managing risk, for traders with larger portfolios.

Why Use Duplikium Trade Copier?

There is no point utilising a trade copier if you don’t have a good reason as they’re usually fairly costly. The longer I have been in the industry, the more great reasons and uses I have heard of for copiers, so here a few you may want to consider…

1. Reducing Exposure To Brokers

The sad reality of trading is that brokers can go under, leaving traders high and dry with no money to trade with and sometimes years of hard work undone. With brokers that are regulated by good governing bodies like the FCAOpens in a new tab.

A great way to use trade copiers is to have your trading capital split between multiple brokers. For instance…

This can compound slower than having all of the capital in one broker but certainly takes off some of the risk. I wouldn’t really do this if you’re not profitable or dealing with small sizes, I would only start looking at diversification when you reach higher levels of capital.

2. Taking On Prop Firm Capital

Prop firms are one of the best ways to grow your trading capital fast and safely, as they let you trade their capital, risk free, in exchange for a profit split. Some of the Best Prop FirmsOpens in a new tab.

In theory, if you were constantly averaging your 3% per month return in the forex market , by taking the exact same trades you could increase your earnings that month to $5000. Crazy right?! Of course, this isn’t going to be achievable for most traders as most traders lose money. However, if you’re profitable, utilising one of the Best Trade CopiersOpens in a new tab.

3. Reverse Trading

A great use of a trade copier is to reverse copy strategies from yourself or other traders in the industry. Taking the other side of a trade is something that B-book brokersOpens in a new tab.

Duplikium Trade Copier Plans & Pricing

Trade Copier has 3 different packagesOpens in a new tab.

The most popular package is the Flexible package. In this package, you have access to the whole suite of tools but you actually pay per account you’re looking to add, which could in theory be cost effective for some traders. For example, 10 accounts is going to cost you £120 per month. 100 accounts is going to cost you £900 per month, so the cost comes down as you are adding more accounts to the service. In all honesty, comparing this to the price of Forex Copier 3Opens in a new tab.

There is also a prepaid option that comes with no monthly fees. For an additional fee of £49, you can host your cloud trade copier on an Equinox Data Centre Server, ensuring great speeds and low latency.

Duplikium Reviews – What Do Traders Think?

If you’re familiar with some of our other prop firm reviewsOpens in a new tab.

Duplikium has been around in the industry for a long time but weirdly we couldn’t find many reviews online. I managed to find a handful of reviews on ForexPeaceArmyOpens in a new tab.

In Summary – Is Duplikium Trade Copier Good?

In short, the Duplikium trade copier is a good piece of software for traders looking to copy trades from one account, to multiple other accounts. It has a range of really amazing features but nothing that really sets is apart from cheaper alternatives in the market like Social Trader ToolsOpens in a new tab.

If you have any experience with this software please do let me know in the comments below, I’d love to know how it performed for you and how many accounts were used.

Kyle Townsend

Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.

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