Based on checking the website, Heroncopier.com presents itself as a robust and versatile trade copying solution designed for traders operating across multiple platforms.
It directly addresses the common challenge of replicating trades seamlessly between various popular trading terminals like cTrader, MetaTrader 4, MetaTrader 5, TradeLocker, MatchTrader, and DXtrade.
For anyone looking to automate their trade replication strategy, especially those managing multiple accounts or working with prop firms, the platform aims to streamline operations and enhance efficiency.
The core promise revolves around unparalleled flexibility and control in mirroring trading activity, positioning itself as a comprehensive tool in the intricate world of multi-platform trading.
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Diving Deep into Heroncopier.com: Features and Functionality
Heroncopier.com positions itself as a powerhouse for traders looking to automate their trade replication across various platforms.
When you peel back the layers, you find a suite of features designed to offer flexibility, control, and efficiency. It’s not just about copying trades.
It’s about managing them intelligently across a diverse ecosystem of trading terminals.
Multi-Platform Compatibility: The Core Advantage
- Supported Platforms: Heroncopier explicitly lists compatibility with cTrader, MetaTrader 4 MT4, MetaTrader 5 MT5, TradeLocker, MatchTrader, and DXtrade. This covers a significant portion of the retail trading market, including many proprietary trading firm platforms.
- Unlimited Combinations: The website states “unlimited combinations,” implying you can copy from any supported platform to any other supported platform, or even within the same platform across different accounts. This flexibility is crucial for traders managing diverse portfolios or participating in various prop firm challenges.
- Cross-System Compatibility: It’s designed to work across different systems/VPS setups, both locally and remotely. This means whether you’re running it on your home PC or a dedicated Virtual Private Server VPS, the functionality remains consistent.
Unrestricted Account Management: Scaling Your Operations
One of the pain points for many trade copiers is limitations on the number of accounts. Heroncopier seems to tackle this head-on.
- Unlimited Master/Slave Accounts: The platform boasts support for unlimited master and slave accounts. This is a significant advantage for professional traders, fund managers, or those managing a large number of client accounts.
- No Limitation on Accounts: The pricing model further reinforces this, stating “There are no limits on the number of accounts you can have.” This allows for scalable operations without incurring additional per-account fees, which can quickly add up with other solutions.
- Flexible Roles: You can designate any of the supported platforms as either a master or a slave account, offering complete control over your trade flow. This adaptability is key for complex trading strategies.
Advanced Trade Management and Protection
Beyond simple copying, Heroncopier integrates features designed to give traders granular control and a layer of protection. Selectcarleasing.co.uk Reviews
- SL/TP Management: You have the ability to turn on/off copying Stop Loss SL and Take Profit TP levels. Furthermore, you can add/subtract SL/TP by pips. This is vital for adapting trades to different account sizes or risk profiles on slave accounts, ensuring they align with desired risk parameters even if the master trade has a different structure.
- Volume Sizing Options: Flexible volume sizing options allow for different lot sizes on slave accounts relative to the master. This can be critical for risk management, enabling scaling of trades based on the equity or balance of each individual slave account.
- Symbol Mapping Adjustment: The “Advanced symbol alias adjustment for different brokers” feature addresses a common issue where different brokers use slightly different symbols for the same asset e.g., “EURUSD” vs. “EURUSD.pro”. This symbol mapping ensures that trades are copied correctly even if symbol nomenclature varies.
- Reverse Mode: A unique “Full reverse trading capability” allows you to reverse trades on slave accounts. This could be useful for specific hedging strategies or for those who believe a master account might be consistently wrong and want to profit from the opposite direction.
- Account Protection: The “Balance/equity-based protection for prop firm accounts” is a crucial feature for traders working with proprietary trading firms. Many prop firms have strict drawdown rules. This protection mechanism helps to automatically manage risk by potentially stopping copying or taking other actions if an account’s balance or equity falls below a certain threshold, safeguarding against breaching prop firm rules.
- Killswitch Button: A “Killswitch button to close all trades at once” provides an emergency override. In volatile market conditions or if a strategy goes awry, this feature offers a quick way to mitigate potential losses by closing all open positions across connected accounts instantly.
User Experience and Dashboard Functionality
A powerful tool is only truly effective if it’s easy to use and provides actionable insights.
Heroncopier addresses this with its dashboard and notification systems.
Real-time Monitoring Dashboard
- Advanced Dashboard: The website highlights an “Advanced dashboard with real-time monitoring and management.” This is essential for traders who need to keep a pulse on their copied trades, account performance, and overall system health.
- Live Data: Access to “real-time data” is a key selling point, especially for paid subscribers. This ensures traders can make informed decisions based on the most current information.
- Management Capabilities: The dashboard isn’t just for viewing. it also offers management capabilities, implying users can control certain aspects of the copier directly from the interface.
Comprehensive Trade Notifications
- Email Notifications: Heroncopier offers “Comprehensive email notifications for opened/closed trades.” This keeps traders informed about the status of their copied trades, even when they’re not actively monitoring the dashboard.
- Timely Updates: Timely notifications are crucial for risk management and staying on top of market movements, providing an audit trail of trading activity.
Reliability and Support: Building Trust in a Complex Niche
Heroncopier makes specific claims to address these concerns.
Registered Company Status
- Legitimacy Claim: The website explicitly states, “Unlike most other copiers, Heron Copier is registered as a company so you can be sure that it’s a legit product.” This is a significant statement aimed at building trust in a market often plagued by fly-by-night operations. A registered entity implies accountability and a legal structure, which can offer a degree of reassurance to potential users.
- Transparency: This claim suggests a commitment to transparency and long-term viability, differentiating it from less formal alternatives.
Updates and Support Structure
- Comprehensive Support: The website guarantees “comprehensive support.” For paying subscribers, this includes “Full support via remote assistance,” which is a highly valuable offering. Remote assistance can drastically reduce troubleshooting time and provide direct, hands-on help when issues arise.
- Contact Channels: Users can contact them via a web form. Active subscribers also have the option to request remote assistance, indicating a tiered support system.
Performance and Technical Specifications
Beyond features, the underlying technical performance of a trade copier is crucial for its effectiveness.
Execution Speed: The Need for Speed
- Super Fast Execution: Heroncopier claims “Super fast execution via TCP socket.” In high-frequency trading or fast-moving markets, even milliseconds can matter. TCP sockets are known for reliable and efficient data transfer, suggesting a focus on minimizing latency.
- Minimizing Slippage: Fast execution is directly tied to minimizing slippage, which is the difference between the expected price of a trade and the price at which the trade is actually executed. For trade copiers, this means the slave account’s trades should open and close as close as possible to the master account’s trades.
Non-API Mode: Circumventing Restrictions
- Prop Firm Challenges: A particularly interesting technical feature is the “Non-API Mode,” which allows users to “Copy your trades to prop firms even when they block the API access.” Many proprietary trading firms restrict direct API access to prevent automated trading or excessive copying.
- Bypassing Limitations: This non-API mode suggests an innovative approach to circumventing such restrictions, potentially by reading trade data directly from the trading terminal interface or through other low-level methods. This could be a significant differentiator for traders dealing with such firms.
Pricing Structure and Value Proposition
Understanding the cost and what you get for your money is always a key factor in any service review. Thedronerepair.com Reviews
Heroncopier offers a tiered pricing model with a free option.
Tiered Licensing Model
- 1 License Key, Unlimited Accounts: A central aspect of their pricing is that “1 license key is valid for an unlimited number of master and slave accounts.” This is a highly competitive offering, especially compared to services that charge per account or per platform.
- Unlimited PC/VPS Usage: The license key can be used on “an unlimited number of PC/VPS.” This flexibility caters to traders who might use different setups or require redundancy.
- No Platform-Specific Costs: Unlike some competitors, there are “no additional costs” for using any of the supported platforms as a master or slave. This simplifies budgeting and avoids hidden fees.
Pricing Tiers
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Free Version $0:
- Suitable For: Demo accounts only.
- Limited Features: Features are only enabled for BTCUSD and EURUSD. This is a smart move, allowing users to test the core functionality with popular pairs without full commitment.
- No Dashboard Access: No access to the real-time data dashboard.
- Limited Support: Support via email only.
- Basic Notifications: Trade notifications via email.
- Free Updates: Still receives free updates.
- Value Proposition: Excellent for new users to get a feel for the software without any financial outlay. It’s a good way to test compatibility with their specific demo setup.
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Monthly License $19:
- Suitable For: Live & prop firm accounts. This is the entry point for serious traders.
- All Features Enabled: Full access to all features, including the advanced SL/TP management, volume sizing, symbol mapping, and account protection.
- Dashboard Access: Access to the real-time dashboard.
- Full Support: Full support, including remote assistance.
- Notifications & Updates: Trade notifications via email and free updates.
- Value Proposition: At $19/month, this is a reasonable price point for a professional tool, especially given the unlimited account and platform flexibility. It allows users to subscribe as needed without a long-term commitment.
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Yearly License $179:
- Best Value: Positioned as the “Best Value” option.
- Suitable For: Live & prop firm accounts.
- All Features Enabled: Same feature set as the monthly license.
- Dashboard Access, Full Support, Notifications, Updates: All included.
- Value Proposition: Priced at $179 annually, this breaks down to approximately $14.92 per month. This offers a substantial saving of over $49 per year compared to the monthly subscription, making it the most cost-effective option for long-term users.
VPS Recommendation and Integration
For optimal performance, especially for automated trading tools, a Virtual Private Server VPS is often recommended. Heroncopier acknowledges this. Taskersonline.com Reviews
TradingFX VPS Partnership
- Recommendation: Heroncopier explicitly recommends using their copier with TradingFX VPS.
- Discount Code: They provide a “10% recurring discount using HERONCOPIER discount code during the checkout.” This suggests a partnership or affiliate arrangement, which is common in the trading software industry.
- Benefits of VPS: Using a VPS ensures the copier runs 24/7 without interruption, regardless of your local internet connection or computer status. This is crucial for maintaining consistent trade copying, especially with strategies that might involve overnight or early morning sessions. The recurring discount makes a dedicated VPS more affordable for users of Heroncopier.
Frequently Asked Questions
What is Heroncopier.com?
Heroncopier.com is a trade copying software designed to seamlessly copy trades between various trading platforms like cTrader, MetaTrader 4, MetaTrader 5, TradeLocker, MatchTrader, and DXtrade.
Which trading platforms does Heroncopier support?
Heroncopier supports cTrader, MetaTrader 4 MT4, MetaTrader 5 MT5, TradeLocker, MatchTrader, and DXtrade accounts.
Can I copy trades between different types of platforms using Heroncopier?
Yes, Heroncopier allows you to copy trades between any of the supported platforms e.g., from MT4 to cTrader, or from TradeLocker to MT5 with unlimited combinations.
Is there a limit to the number of master and slave accounts I can connect?
No, Heroncopier allows you to connect an unlimited number of master and slave accounts with a single license key.
Does Heroncopier offer real-time monitoring?
Yes, paid subscribers get access to an advanced dashboard with real-time monitoring and management capabilities. Easyjet.com Reviews
Does Heroncopier provide trade notifications?
Yes, Heroncopier sends comprehensive email notifications for opened and closed trades.
Can I manage Stop Loss SL and Take Profit TP levels with the copier?
Yes, you can turn on/off copying SL/TP and also add/subtract SL/TP by pips on slave accounts.
What are the volume sizing options available?
Heroncopier offers flexible volume sizing options, allowing you to set different lot sizes for various slave accounts.
How does Heroncopier handle different symbol names from various brokers?
It provides an advanced symbol alias adjustment feature for different brokers, ensuring correct symbol mapping during trade copying.
Does Heroncopier have a reverse trading mode?
Yes, Heroncopier includes a full reverse trading capability, allowing you to copy trades in the opposite direction. Kaamlab.com Reviews
Is there any protection for prop firm accounts?
Yes, Heroncopier offers balance/equity-based protection specifically designed for proprietary trading firm accounts to help manage risk.
What is the “Killswitch button” feature?
The Killswitch button allows you to close all open trades across all connected accounts instantly, providing an emergency stop function.
How fast is the trade execution with Heroncopier?
Heroncopier claims “super fast execution” via TCP socket.
Does Heroncopier work if a prop firm blocks API access?
Yes, Heroncopier features a “Non-API Mode” specifically designed to copy trades to prop firms even when they block API access.
Is Heroncopier a registered company?
Yes, Heroncopier states it is registered as a company, aiming to assure users of its legitimacy. Scentsamples.uk.com Reviews
Does Heroncopier provide free updates and support?
Yes, Heroncopier offers free updates and comprehensive support, with remote assistance available for active subscribers.
What are the pricing options for Heroncopier?
Heroncopier offers a Free Version, a Monthly License $19, and a Yearly License $179.
What are the limitations of the Free Version?
The Free Version is suitable only for demo accounts, has features enabled for only BTCUSD and EURUSD, no dashboard access, and limited email support.
Is the license key restricted to a single PC or VPS?
No, a single license key for Heroncopier can be used on an unlimited number of PC/VPS.
Does Heroncopier recommend a specific VPS provider?
Yes, Heroncopier recommends using TradingFX VPS and provides a 10% recurring discount code HERONCOPIER for their service. Theyorkshirecandleco.co.uk Reviews
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