Mplus1 (By get110)
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Mplus1 Discussion
Oct 17, 2017 at 14:29
Member Since Apr 07, 2017
8 posts
Why should I use AutoTrade?
AutoTrade provides you a way to tap into the successful trading systems and therefore allowing you to diversify your forex portfolio whether you're an experienced trader or a newbie.
How does it work?
When you subscribe to an AutoTrade system, it will be automatically synced with your connected trading account, meaning every order will be replicated in your trading account.
How do I get started?
We recommend opening a demo account to get yourself familiar with the AutoTrade system. Once you're ready to open a live account, just open a live account with one of the supported brokers - once the account is funded and connected to Myfxbook, it will be approved within two business days.
I already have an account with one of your supported brokers. Can I use it with AutoTrade?
Yes. You must open an account with your broker through us (or use an existing one) so we can pay the AutoTrade providers commissions for successful trades generated in your account.
What is the fee for using AutoTrade?
It depends on the account - with some brokers it is completely free while with others there is a small markup spread (this is due to difference in spreads).
If you're wondering why similar services claim to be free, then that's because they hide the cost in fine print.
Can I close trades which were automatically opened by AutoTrade systems?
Yes, you can.
Can I still trade my account if it is auto traded?
Yes. You can trade the account as you would normally.
AutoTrade provides you a way to tap into the successful trading systems and therefore allowing you to diversify your forex portfolio whether you're an experienced trader or a newbie.
How does it work?
When you subscribe to an AutoTrade system, it will be automatically synced with your connected trading account, meaning every order will be replicated in your trading account.
How do I get started?
We recommend opening a demo account to get yourself familiar with the AutoTrade system. Once you're ready to open a live account, just open a live account with one of the supported brokers - once the account is funded and connected to Myfxbook, it will be approved within two business days.
I already have an account with one of your supported brokers. Can I use it with AutoTrade?
Yes. You must open an account with your broker through us (or use an existing one) so we can pay the AutoTrade providers commissions for successful trades generated in your account.
What is the fee for using AutoTrade?
It depends on the account - with some brokers it is completely free while with others there is a small markup spread (this is due to difference in spreads).
If you're wondering why similar services claim to be free, then that's because they hide the cost in fine print.
Can I close trades which were automatically opened by AutoTrade systems?
Yes, you can.
Can I still trade my account if it is auto traded?
Yes. You can trade the account as you would normally.

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