Popular trade analysis site Myfxbook has officially launched its mirror trading / autotrading service. This is a good development for the trade mirroring / autotrading / social trading world, as it provides more competition, but more importantly, more transparency. I’ve found Myfxbook’s statistics to be far more reliable (and sophisticated) than Zulutrade, and because Myfxbook says it only allows the best systems to be offered on its autotrading platform, it will hopefully improve profitability for Myfxbook mirroring subscribers. In addition, Myfxbook states that the service is free, with no trading markups. Of course, the proof of the pudding is in the eating, so we’ll see how well the service is received over time. The service can be found at http://www.myfxbook.com/autotrade.
It appears that only those with MT4 accounts can provide signals. Perhaps someday FXCM will have a universal account that has access to all of its platforms from one login.