SmartT vs Myfxbook – Automated Copy Trading Showdown

Automated copy trading has become a popular way for traders to participate in financial markets without having to monitor every price movement themselves. By following the strategies of experienced traders or using advanced AI-driven platforms, investors can save time and reduce emotional decision-making. Two platforms that often come into discussion are SmartT and Myfxbook. Both provide automated copy trading services, but they operate in different ways and cater to different audiences.

In this article, we’ll explore their key features, strengths, and weaknesses, helping you decide which one fits your trading style.

 

Understanding Automated Copy Trading

Before comparing the platforms, it’s important to understand what automated copy trading really means. Unlike traditional trading, where you manually analyze charts and place trades, copy trading allows you to replicate the strategies of other traders or rely on automated systems to execute trades for you.

For example, platforms like SmartT use a combination of technical analysis, fundamental analysis, and AI algorithms to find opportunities. Myfxbook, on the other hand, focuses more on providing transparency, account tracking, and social trading features. Both approaches aim to simplify trading, but they serve slightly different purposes.

 

SmartT: An AI-Powered Trading Ecosystem

SmartT is more than just a copy trading tool. It’s a complete ecosystem designed for traders who want automation without complexity. Its system is built around professional strategies collected from over 200 top traders worldwide. These strategies are filtered through advanced AI models to ensure only the best trades are executed.

Some of the standout features of SmartT include:

• Automated Gold Trading: SmartT specializes in gold, a highly liquid and popular market, making it attractive for those who want focused results.
• Daily Market Signals: The platform collects and shares real-time insights, allowing traders to follow global market movements.
• Risk Management Tools: Users can set stop-loss and take-profit levels to protect capital.
• Beginner-Friendly Interface: Even traders with no prior experience can navigate the platform easily.
• Broker Partnerships: SmartT collaborates with regulated brokers like FBS, AvaTrade, and Exness, ensuring secure and licensed trading environments.

This combination of automation, security, and accessibility makes SmartT a unique player in the copy trading space.

 

Myfxbook: A Community-Driven Platform

Myfxbook is one of the most established names in forex social trading. It focuses on portfolio tracking, strategy analysis, and community-driven signals. Traders connect their accounts to Myfxbook, allowing others to view performance, track strategies, and even copy trades through integrated brokers.

Key features of Myfxbook include:

• Account Analytics: Traders can track detailed performance metrics such as profit factor, drawdown, and monthly returns.
• Social Community: A large trading community shares strategies, discussions, and market ideas.
• Copy Trading Integration: Through partner brokers, users can automatically copy the trades of others.
• Transparency: Myfxbook provides public verification of trading accounts, which helps reduce fraud in performance claims.

While Myfxbook offers excellent analytics and community support, it can feel overwhelming for beginners due to the amount of data and the need for more technical understanding.

 

Head-to-Head Comparison: SmartT vs Myfxbook

To make things clearer, here’s a side-by-side comparison of SmartT and Myfxbook:

Feature	SmartT	Myfxbook
Primary Focus	Automated gold trading & AI copy trading	Account tracking & community trading
Ease of Use	Very beginner-friendly	Better for experienced traders
Risk Management	Built-in stop-loss & take-profit tools	Relies on traders’ strategies
Broker Partnerships	FBS, AvaTrade, Exness (licensed)	Multiple brokers, not all regulated
Market Coverage	Focused on gold, usable for all markets	Primarily forex and CFDs
Unique Strength	AI-powered automation & simplicity	Transparency & advanced analytics

 

This table highlights how SmartT is tailored toward simplicity and automation, while Myfxbook is better suited for traders who want deep analytics and community-driven insights.

 

Which Platform Should You Choose?

Choosing between SmartT and Myfxbook depends on your trading goals and experience level:

• If you are a beginner who wants a straightforward solution with automated trading in gold and other markets, SmartT is the better option. It handles complex analysis for you, making trading accessible without requiring advanced knowledge.
• If you are an experienced trader who enjoys analyzing performance data, testing strategies, and engaging with a large community, Myfxbook might suit you better.

Ultimately, SmartT’s AI-powered automation makes it more appealing for those seeking hands-off trading, while Myfxbook provides tools for those who want more control and insight into strategies.

 

Final Thoughts

Both SmartT and Myfxbook represent different approaches to automated copy trading. While Myfxbook focuses on transparency, analytics, and community, SmartT delivers simplicity, security, and automation, especially in gold CFD trading.

For traders looking to scale their investments and explore new opportunities, SmartT also allows them to test strategies, generate ideas, and even run compound growth simulations for long-term financial planning. This makes it not just a copy trading platform, but a comprehensive tool for building sustainable wealth in the financial markets.