FxBlue trade copier review and alternative

Whether you are looking for the first trade copier to start using copy trading or would like to find a better alternative to your current trade copier, this review will help you understand if FxBlue has the features you need. If this is your first trade copier, you need to first think about how you are going to use it and then, which features are most important to you:

Do you need a local or remote trade copier?
Are you looking for a trade copier for personal use or to start a trade copying business?
If it is for personal use now, then would you like to become a money manager and start a business providing trading signals to others at some point in the future? If you are successful at trading, you might want to start selling your trading signals and make money by sharing your trades with others. Does the trade copier have functionality for this?
If you are planning to work as a money manager, does the trade copier have the right features for you now? Are there tools to help you grow your follower base and scale your business? How will you manage subscribers when you have more than 10 of them?
What price are you ready to pay for using the service?

FxBlue overview

FxBlue positions itself as a free web-based service for trading account analysis, but it also offers trade copiers, trade simulators, and multiple analytical tools and apps for traders.

FxBlue Personal trade copier is a desktop app that you will need to download to your computer. The app is free and comes in two versions: for MT4 accounts and for MT5 accounts. It is possible to connect multiple accounts to copy trades from as well as multiple trade receiver accounts. Note that since it is a local trade copier, you will not be able to use Fx Blue trade copier for copying trades to remote accounts – only to the accounts that are accessible from your machine. However, you will get a reliable and almost instant trade duplication of the trades. Fx Blue trade copier allows to modify primary and dependent account settings and adjust lot sizes for copied trades. It is also possible to limit the copying to particular symbols or specific numbers.

If you are looking for a remote trade copier, which allows copying trades over the internet, you might be more interested in the Fx Blue Trade Mirror service. With Trade Mirror service, the trades can be copied between the accounts located anywhere. Sender determines which trades he would like to broadcast and recipients have some control over how the trades are received (e.g. they can determine which trades they would like to copy and whether they would like to adjust the lot size). With Fx Blue Trade Mirror, each subscriber to your trading signals will be required to create an account with Fx Blue. Trade Mirror service is limited to one hundred subscribers.

Both Personal trade copier and Trade mirror service provide reliable trade copier functionality, but can be hardly called intuitive or user-friendly. The services have a slightly outdated interface and lack many features modern alternatives can offer. This can probably be explained by the fact that the primary business of Fx Blue is trading account analysis and trade copying is just one of the tools provided by the company and not their primary product.

FxBlue pros

Free local trade copier
Remote Mirror Trading service
Fast trading signal execution
Additional tools for trade analysis
Support of MT4 and MT5 platforms

FxBlue trade copier cons

Hard to learn how to use
Limited functionality compared to others
Remote trade copier is limited to 100 subscribers
Mirror Trading service does not provide tools for subscriber management
Every subscriber will have to create their own fx Blue trading account

FxBlue alternative

As an alternative to Fx Blue trade copier, you might want to consider Trade Copier service. This is a remote trade copier that can copy trades between your own accounts created at different brokers or copy trades from your account to an unlimited number of follower accounts. Trade Copier has servers in multiple locations, which helps ensure the fastest trade copying no matter in which region of the world the receiver accounts are located. The service also works with MT4 and MT5 platforms and has a modern and very intuitive interface. For those running a copy trading service business, it offers also designated money manager tools to provide monthly reports, automatically calculate subscription fees, including both performance and management fees, based on your own settings, and even create your white label money manager website.