How To Open The Same Trades On Multiple MT4 Accounts

Managing risk in forex is absolutely crucial to consistently getting great returns. One of the best ways to manage risk within the markets is to have multiple trading accounts, across different brokersOpens in a new tab.

You can open the same trades on multiple MT4 accounts by using a forex trade copier. By setting up a trade copier on a dedicated forex vps, you will be setup within a few minutes and your trades will automatically be copied from the master account to the copier accounts with the correct risk settings. Let’s find out more…

Copying Trades Onto Multiple MetaTrader 4 Accounts – Step By Step Guide

I personally had a huge amount of trouble trying to figure out how to copy trades back when I started getting profitable many years ago. There was much less information online about doing this and a lot fewer tools available. Luckily, there are now some great tools and the whole process of setting up your trade copierOpens in a new tab.

1. Setup A Forex VPS

You will most likely want to run this setup on a Forex VPS, instead of your local computer. If you’re just looking to copy trades onto one other MetaTrader account, it will be possible on your own PC. However, if you’re looking to copy to 3 or 4, or more accounts, a VPS will be needed for this. I would recommend ForexVPSOpens in a new tab.

2. Create Multiple MetaTrader 4 Instances

You will need to have multiple MT4 versions installed on the VPS in order to trade multiple accounts simultaneously. This is very simple to setup and I have a full guide here on how to setup multiple MT4 instances in minutesOpens in a new tab.

3. Download MT4 Copier

There are a number of different trade copying systems on the market. I would recommend using MT4 CopierOpens in a new tab.

4. Follow MT4 Copier Setup Wizard

The MT4 Copier has a very simple setup wizard. This is where you add your accounts and set your risk parameters ready for trades the be copied. This step is crucial so please don’t skip it – make sure you take your time setting the system up properly.

5. Test The Trade Copier

Now is time to test if the trades are being copied onto multiple MT4 accounts. This took me a few minutes to get right the first time, but I would advise just using 0.01s to ensure everything it working properly. If so, you’re all set!

The Benefits Of Opening The Same Trades On Multiple MetaTrader Accounts

There are a huge amount of benefits of being able to copy the same forex trades on multiple accounts at once. I have personally been doing this for years now. The difference it has made to my trading is crazy and I have recommended doing this to everyone I have traded with over the last few years. Let’s look at the two main benefits…

1. Taking On Additional Trading Capital

By having the ability to copy trades onto multiple accounts, you are able to take on more accounts. Not only for yourself, but you can take on large amounts of capital from forex prop firms.

For instance, FTMOOpens in a new tab.

I would recommend copying trades from your main account, onto a few copier accounts including prop firm accounts. This way, from taking the same trades you usually would do, you can drastically increase the amount of profit per trade and per month in the markets! It’s a no brainer, right?

2. Reducing Risk And Exposure

Forex brokers sometimes go bust. Not only that, when you trade with an unregulated broker your initial deposit isn’t going to be secured. This means if the broker runs into financial trouble, you have no way to get your money back as there is no governing body to help you.

However, offshore and unregulated brokersOpens in a new tab.

By opening the same trades on multiple accounts, across various brokers, you can massively reduce your risk and exposure to one broker. For instance, have 2 offshore brokers and 1 regulated broker on your trade copier means you’re able to third your risk and exposure.

Other Ways To Copy Trades Onto Multiple MT4 Accounts

There is more than one way to copy trades from one account onto multiple other MT4 accounts. Over the last 3 years, MT4 CopierOpens in a new tab.

1. Other Trade Copier Systems

There are a few very popular trade copier systems in the industry. I have actually got a list of the top forex trade copiers hereOpens in a new tab.

2. PAMM Accounts

Some brokers offer something called PAMM accounts. This is essentially where you can manage other traders funds or accounts. If you’re looking to copy trades onto other traders accounts, this could be a great option. I have to preface that if you’re trading other traders capital, you must be licensed so please bare that in mind.

Day Trading has published a list of the best brokers offering PAMM accounts hereOpens in a new tab.

3. Copy Trading

There are a few brokers and companies that specialise in copy trading. For instance, eToroOpens in a new tab.

In Conclusion – How Can I Open The Same Trades On Multiple MT4 Accounts Simultaneously?

In summary, it’s very simple to open the same trades on multiple MetaTrader accounts simultaneously. This can be done by setting up a trade copier system, on a forex vps. Once setup, the trade copier will automatically replicate your trades onto other accounts.

If you have any experience opening trades on multiple forex accounts at once, please do let me know in the comments down below – I’m interested to hear about how you navigated this process.

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.

Recent Content