If creating a solid stream of passive income is your goal for the next 12 months, a Social Trading White Label for MetaTrader may be the most suitable option. A low learning curve, an easy to understand business model, a proven profit making system – these are just some of the benefits. So, who can make money with Forex Copy Trading Software for MetaTrader (MT4, MT5)? Since there are 3 different ways to profit from it, there are options for new investors, experienced traders and entrepreneurs. We’ll take a closer look at each of them later in the article, but for now let’s start with the basics.

What is social trading (also known as copy trading) white label for MetaTrader4 or MetaTrader5?

Firstly, MT stands for MetaTrader, the world’s most popular trading terminal. This means that there is no real difference between a copy trading software for MT and a MetaTrader social trading platform – they are both names for the same service. An automated trade copier is a tool that allows users to copy trades made by experienced investors. Instead of providing theoretical advice, investors continue to trade their own accounts as they normally would. Every time an investor opens a trade, the same signal is sent to connected follower accounts. Investors are paid for sharing their strategy either by brokers and service providers or by end users.

There are several social trading services for MetaTrader available online. Since you will be making money with it, it is important to choose a recognised and reliable one (some of them are free!). By the way, copy trading is very popular. Even if you are not interested in using it yourself, you should consider turning it into a business. Some trade copiers offer white-label platforms for affiliates. By signing up to one of these, you can create your own copy trading (also known as social trading) business without having to worry about the back-end operations.

Social Trading for Investors

The easiest way to make money with social trading for MetaTrader is to actually use it. Platforms such as MyDigiTrade allow traders to sign up for free and do not require a deposit. The system will either connect to your existing trading account or guide you through the process of creating a new one. The interface is very user friendly and easy to learn. All the information about trade copy providers is fully transparent. For someone who is busy with their job but still wants to become an investor, this is the perfect place to start. You open an account, choose the strategy providers whose trades you want to copy and you get the same profit as they do.

Copy Trading Platforms for Traders (Signal Providers)

Any experienced trader who knows how to trade profitably can join the platform to provide their trading signals. Some trade copying services have no requirements and accept anyone, while others have strict requirements that their strategy providers must meet. But in general, if a trader can make money for himself, he can also benefit from making money for others. If a trader loses money, no one will follow his signals. That’s why you usually won’t find underperforming strategies offered by the copy trader. As an idea for someone who doesn’t trade but has a friend who is very experienced, consider teaming up with that person. Your role would be to create a signal provider profile and attract new followers to their account. Then the two of you can share the profits.

Social Trading as a business

Now we are down to the most unusual, smart and interesting way to make money with the professional trade copier as a service. Instead of joining a platform created by others, you can open your own automated trade copier service. It may sound overwhelming, but in reality, it is a lot simpler and more affordable than most people think. For example, Jivestor is a company that offers social trading software for MetaTrader service as a white label. This means the service can be connected to any website without any branding displayed.

Let’s use an example here: James wants to become an entrepreneur. He knows that copy-trading has huge profit potential, so he sends an enquiry to Jivestor (or another white-labelled platform). The Jivestor team then walks James through the entire process of setting up the business: creating a branded platform (hosting a logo that James provided), connecting the domain, and pre-providing all the technology needed to run the business. Within weeks, James has his own website offering copy trading services. The service is based on a programme developed by the Jivestor team, but the clients never find out about it. That’s it, James has become a business owner. Next, he starts advertising his service and profits from the trading turnover of his clients. Although it requires some effort in the beginning, a white label trading copywriting business can be handled by one person or two partners.

Conclusion

Trade copying is a huge market that is growing year on year. It’s very easy to find and join an MT4 social trading platform, which is why many investors rely on it to make consistent profits. For people who understand how the markets work and can trade profitably on their own, a cloud copy trading platform offers an opportunity to increase their income by sharing their strategy with others. People can make a solid profit simply by using the service either as a signal provider or as a signal receiver, but there is a better way to profit. That way is to open an independent copy trading service. White label copy trading service provider Jivestor makes this process easy and convenient.