Best Copy Trading Tools That Work With MetaTrader 5 (MT5)

A practical guide to MT5-compatible copy trading solutions with risk controls and multi-trader allocation.

MetaTrader 5 (MT5) is one of the most powerful and versatile platforms in the trading world, especially for those who rely on technical strategies and automation. But while MT5 is highly customizable, it doesn’t come with built-in advanced copy trading tools. This is why many traders seek third-party solutions or integrated systems to streamline their copy trading experience on MT5. In this article, we’ll explore the best copy trading tools that seamlessly integrate with MetaTrader 5 and help both beginners and experienced traders tap into other traders’ expertise while maintaining control.

Why Copy Trading on MT5?

MT5 offers multi-asset access, improved order handling compared to MT4, and enhanced charting and backtesting capabilities. But for copy trading, its core strength lies in allowing external systems to be connected via APIs, Expert Advisors (EAs), and plugins. This flexibility enables traders to:

• Follow multiple strategies across various markets
  With MT5’s multi-asset nature, users can follow forex, commodities, indices, and even stocks within the same account.
• Retain full visibility and control
  You’re not blindly giving away control. Most tools allow you to customize lot sizes, risk limits, stop-losses, and max drawdown settings.
• Automate your portfolio without constant screen time
  Copy trading on MT5 means you don’t have to execute trades manually, saving time while staying aligned with the market.

1. MetaTrader Signals Marketplace

This is MetaQuotes’ own native solution, embedded in every MT5 terminal.

Key Features:

• Access to thousands of signal providers with historical stats
• Built-in subscription system
• No need for third-party installations

Limitations:

• Very basic risk controls
• No strategy transparency
• No multi-provider allocation

It’s a great starting point for beginners, but lacks depth for advanced users.

2. SmartT Copy Trading System

SmartT is a financial technology platform that provides automated copy trading systems with built-in AI risk management. Unlike traditional tools, SmartT evaluates trading positions based on the performance of top traders over time, assigns scores, and executes trades collectively when all conditions are met. The system is compatible with all MT5 brokers and emphasizes capital protection through daily risk controls.

Key Features:

• Supports multiple trader allocations under one account
• Compatible with all MT5 brokers
• Offers real-time trade mirroring with defined risk parameters
• Beginner-friendly interface with advanced backend tools
• Works well with brokers like FBS, AvaTrade, and Exness

This tool is recommended for users who want both automation and advanced oversight of their strategy distribution.

3. Myfxbook AutoTrade (for MT5)

Myfxbook’s AutoTrade service is another copy trading tool that links well with MT5 accounts. It offers curated signal providers and statistics.

Key Features:

• No need for software installation
• Verified performance metrics
• Broker-independent (supports MT5 brokers with Myfxbook API support)

Considerations:

• Only a limited number of traders are available
• Limited control over open trades

Great for those who prefer verified and audited strategies but are okay with fewer options.

4. ZuluTrade (Supports MT5)

ZuluTrade is a robust social trading platform that added MT5 support via specific brokers. It's known for its social leaderboard, trader classification system, and portfolio simulation tools.

Pros:

• Flexible risk settings per trader
• Custom allocation modes
• Works with select MT5 brokers like AvaTrade

Cons:

• Slightly more complex onboarding
• Trade execution might experience minor lags on some brokers

It’s a suitable tool for more advanced users who want to tweak every aspect of their copy portfolio.

5. DupliTrade (Broker-Integrated for MT5)

DupliTrade is a premium automated strategy platform integrated with top-tier brokers. While not a standalone app, it supports MT5 through broker partnerships.

Key Points:

• Offers a selection of vetted strategy providers
• Plug-and-play connection with partnered brokers
• Limited to major brokers like Exness and AvaTrade

It’s ideal for traders looking for curated portfolios with minimal configuration.

Choosing the Right Tool: Key Considerations

• Risk Management Flexibility – Can you control lot size, max drawdown, or pause signals per trader?
• Platform Integration – Does it work natively with your broker’s MT5 setup or need bridging software?
• Diversity of Signal Providers – How many traders can you follow simultaneously? Are there stats and track records?
• Fee Structure – Some tools charge monthly fees, while others deduct a portion of the profits (performance fee model).

Final Thoughts

MetaTrader 5 offers incredible flexibility, and when combined with the right copy trading tools, it becomes a powerhouse for both passive income seekers and active portfolio managers. Whether you’re using a native MT5 solution like MetaQuotes Signals or a professional tool like SmartT, the key is to maintain visibility, risk control, and diversification.

If you're just getting started with MT5 and want a streamlined way to follow expert traders—without sacrificing control—SmartT offers one of the most beginner-friendly yet professional-grade systems. It lets users copy multiple strategies at once and define stop-loss rules with ease, making it ideal for all levels of trading experience.