AvaTrade: the broker's Copy Trading platforms at a glance

With over 17 years of experience in the foreign exchange market, AvaTrade is a top choice for modern traders, offering excellent services that meet their current needs. One notable feature is copy trading, which allows users to invest their funds and earn passive income.

AvaTrade offers two popular copy trading platforms, DupliTrade and ZuluTrade. DupliTrade is known for its transparency and user-friendly interface, while many brokers use ZuluTrade and boast its advanced features such as Zuluguard and Automator.

In this article, we will delve into DupliTrade and ZuluTrade in depth, covering their features and performances, strengths and weaknesses, and how to engage in copy trading on both platforms through AvaTrade.

DupliTrade

DupliTrade is a copy trading platform that automatically replicates successful traders in real time. Based in Cyprus, the company helps you diversify your investments by following proven traders.

The platform features various strategy providers selected after a meticulous auditing process. With DupliTrade, you can automate your trading in a few steps.


Features of DupliTrade

User-friendly interface: DupliTrade is designed to be user-friendly for everyone, whether you are new to trading or already familiar with it. The interface is simple, and tutorials will help you answer your questions. You can make transactions yourself or let them happen automatically. The goal is to allow you to easily choose and follow trading strategies while learning from experienced traders.

Security measures: DupliTrade emphasizes security by partnering with brokers who adhere to regulations. Traders can be confident that their transactions on the platform are secure and legitimate due to partnerships with regulated brokers.

Automatic execution system: DupliTrade has a mirror trading and automatic execution system. With this system, users can copy trades from selected strategies without having to do anything. The system ensures that transactions occur automatically on the user's account. This makes it easy for users to copy successful strategies, saving them time and ensuring that transactions are executed timely without having to monitor them constantly.

Audited traders only: DupliTrade ensures that individuals offering trading strategies on its platform are legitimate and reliable. They only feature traders who have been audited, meaning their backgrounds have been carefully checked. Traders can be confident that the available copy strategies have been thoroughly reviewed, making the platform more reliable.

24/5 support: Even though DupliTrade is automated, they offer 24/5 customer support. The support team is there to assist users in resolving their issues. Users can benefit from continuous assistance, allowing them to quickly address any questions and facilitate trading.

Performance of DupliTrade

Fast execution: DupliTrade prides itself on its fast execution, allowing orders to be processed quickly. This enables transactions to be executed timely and efficiently. Traders can benefit from this quick execution, reducing the risk of slippage and making the entire trading process more efficient.

Access to real-time trading data and comprehensive histories: On DupliTrade, users have access to real-time trading data, allowing them to get the latest market information. Additionally, there are detailed histories that users can refer to see how things have gone. Traders can use this information to make smart decisions based on what is happening currently and learn from what has happened before. This allows them to refine their strategies and improve over time.

Advantages of DupliTrade

Carefully selected strategy providers: DupliTrade judiciously selects its strategy providers, ensuring that only reliable and proven providers are featured on the platform.

Regulated by CySEC: DupliTrade is regulated by the Cyprus Securities and Exchange Commission (CySEC), providing an additional level of security and adherence to regulatory standards.

No fees: DupliTrade distinguishes itself by the absence of management fees, setup fees, and monthly fees. This approach may be appealing to traders looking to minimize their costs.

Detailed provider profiles: Each strategy provider on DupliTrade has a comprehensive profile with trading statistics, allowing users to assess performance before making a decision.

Reliable partner brokers: DupliTrade partners with reputable brokers, enhancing the credibility of the platform and ensuring users engage with trusted brokers.

Robust simulator: DupliTrade provides a simulation tool that allows users to evaluate the historical performance of strategy providers. By choosing a funding amount, a time period, and a provider, users receive a detailed report with statistics such as monthly profit/loss, balance progression, total profit, and identification of the most performing provider in the specified simulation.

No need for VPS installation: Unlike some platforms, DupliTrade does not require the installation of a Virtual Private Server (VPS), simplifying the user experience.


Disadvantages of DupliTrade

High minimum deposit: DupliTrade has a relatively high minimum deposit, ranging from $2,000 to $5,000, which can be a barrier for traders with limited capital.

Limited number of strategies: The platform offers a small number of strategy providers, potentially limiting the diversity of available trading approaches.

Limited customisation of risk parameters: DupliTrade lacks options to adjust risk parameters and exit positions, limiting control for traders concerned with precise risk management.

Limited communication tools: The platform has a modest toolbox for communication and sharing experiences among users, which could be improved to foster a more collaborative trading community.

Focus on forex trading: DupliTrade is primarily focused on forex trading, which may be limiting for traders looking to broaden their asset portfolio.

How to use DupliTrade with an AvaTrade account

Create an AvaTrade account: Visit the official AvaTrade website and create an account. You will need to provide some personal information and go through a verification process.

Open a DupliTrade account: After creating your AvaTrade account, you need to open a DupliTrade account. DupliTrade is a platform that allows you to automatically duplicate expert traders' actions directly onto your AvaTrade account.

Link your accounts: Once you have both accounts, you need to link your AvaTrade account to your DupliTrade account. This is usually done from the DupliTrade platform and involves providing some information about your AvaTrade account.

Select a trading system account to follow and adjust exposure: DupliTrade displays a list of selected strategy providers representing different trading methods and styles. You can choose which of these strategy providers to follow based on your trading preferences and risk tolerance. Once you have selected a strategy provider, you need to adjust your exposure, which is the portion of your account balance you are willing to risk with the strategy provider's trades.

Monitor and analyse your trading account in real time: once everything is set up, you can start monitoring and analyzing your trading account in real time. This involves tracking the transactions made by the strategy provider you are following and analyzing your account's performance. Remember that while DupliTrade can automate trading, it is still important to monitor your investments and adjust your strategies as needed.