Telegram Trade Copier review

Updated: March 01, 2024

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Telegram has many channels that provide trading signals for the Forex market. These signals can have a different format and be published in a variety of languages. There could be an image in Russian or a line of text in English, for example. Traders use such channels to copy the trades of more experienced market participants whom they trust. However, you must constantly monitor the channel and respond to the signal in time. Beyond that, creating an order takes time. Prices may have changed by the time a trader opens a trade, making the trade unprofitable. There is also a possibility of making mistakes or implementing individual adjustments that will lead to losses. And if a trader monitors multiple Telegram channels at once, it becomes even more difficult to react in time. The Telegram Copier service was created to solve this problem. It fully automates the copying of signals from Telegram to MT4 and MT5. You can test trades of signal providers (including historical testing), set templates for trades, and create automated strategies. This is not an exhaustive list of the program's features.

Telegram Copier

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What is Telegram Copier

Copying signals from Telegram to MT4 and MT5 excludes the common problems faced by traders trading based on other people's strategies. This is a practical approach, especially if the trader does not have enough experience but knows one or more channels with a reliable signal provider. Automatic copying of trades to MT4 or MT5 from such channels excludes the loss of time, compared to manual copying. Therefore, the trade is executed at the same price at which the signal provider executed it, or at the closest price.

When automatically copying trades from Telegram to MT4, it is almost impossible to make a mistake, because the trade will be copied 100%. On the other hand, sometimes adjustments are still required if a trader has an established trading style and uses signals within a specific strategy. In this case, the possibility to copy signals with configured presets using Telegram Copier is simply priceless. The service allows you to immediately open the copied trade without delay.

Copying signals from Telegram to MT4 or MT5 must not depend on the channel language or the format in which the trader receives the signal. The program supports all languages and can read text and images. The intelligent system of keyword and special character recognition enables the service to instantly extract accurate indications of trade opening conditions from an array of text or graphic data. At the same time, the trader's involvement is not required. The software is configured once, and then it runs automatically.

If a trader uses a broker who offers a demo account, trades can be pre-copied to the demo and transferred to a live account only if they are successful. This is, without exaggeration, a unique feature that minimizes the likelihood of a loss-making trade. Moreover, by copying signals from Telegram to MT4 via Telegram Copier, the user can set his preferred level of risk. If the trade does not meet the parameters, it is not copied to the trading platform.

Thus, the Telegram Copier service allows you to fully automate the process of copying trades with the ability to fine-tune trading strategies and risk limits. This software has functional analogs, but no other service provides such a combination of features implemented at a technically high level.

Telegram Copier

Telegram Copier functions

Copying Forex trades manually is a rather laborious process. Of course, it is worth it if the trader does not have enough experience and is not confident in the signal pr. Everyone, however, wants to minimize risks while also being able to adjust the trade to their trading style if necessary. After all, the trader's budget is also important. This is how the services of automatic copying of Forex trades from Telegram to MT4 with additional settings emerged.

However, not all such programs provide equal conditions and opportunities. First, they differ in the platform. It can be installed as software (such as Telegram Copier), whereas other services operate through websites and do not require installation on a PC. Some programs require the use of VPS, but for Telegram Copier this is not a prerequisite. High copying speed, completeness, quality of signal recognition, customization and personalization of strategies, and backtesting, are the main priorities of the modern service for copying trades from Telegram to MT4/MT5.

The software cannot be deemed complete if one of the listed features is not available or is poorly implemented. Therefore, when choosing a service for copying Forex trades, it is critical to conduct a thorough comparison of websites, and then check the selected ones for the availability of the functions listed above. The lack of image recognition features significantly slows the copying process because some channels publish signals in the form of images, and the trader must manually transfer the data. It is optimal if the service supports both the most widely used trading platforms, MT4 and MT5.

As you can see, there are quite a few nuances that need to be taken into account. Below, TU experts will go over each function of Telegram Copier in detail so that you have a complete picture of this service and the benefits you receive when you pay for a subscription (the program is paid and does not offer a trial period).

Automatic copying of Forex trades

This is the main function for which this software was designed. However, one point should be clarified. Some sources use the phrase "copying trades," while others use the phrase "copying signals." A "signal" means any indication of the possibility of making a successful trade.

This is an example of a text signal for copying a Forex trade from a trader's Telegram channel: "SELL EURUSD (@ 1.217) Take profit 1 at 1.2160 Take profit 2 at 1.2130 Take profit 3 at 1.2100 Stop loss at 1.2300". Actually, this is a turn-key trade. This signal contains the type of operation (sale), assets (euro per US dollar), current price, take profits, and stop loss. The trader needs only to create a trade on their trading platform and enter the specified data. The Telegram Copier program will do everything automatically.

Technically, the signal could even be the phrase "Guys, let's actively sell euros for a dollar!" But this is not a trade in the full sense. A trader reacting to such a signal needs to independently determine the order parameters and set take profit and stop loss. Therefore, when it comes to services for copying signals from Telegram to MT4 or MT5, TU means signals of the first type, which set all or almost all parameters for a trade. No software can automatically copy the signal from the second example.

Automatic copying of Forex trades

The good news is that signal providers (traders who allow you to copy their trades) already know this. As a result, short but concise posts are generally published in their Telegram channels, which the Forex trade copying service easily recognizes. In the case of Telegram Copier, it does not matter in which language the post is written – English, Russian, French, Spanish, or any other. The length of the post, all kinds of comments, and explanations are also not important, since the program will take only essential data without being distracted by insignificant words and information that may be interesting to the trader, but does not affect the parameters of the trade. As TU has already noted, the software also recognizes data from images.

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Setting up MT4 and MT5 signal copying

It is good when the service recognizes the signal and copies the trade to the trading platform. But to fully automate the process, allowing the trader to do their own business, additional features are needed. First of all, this is the setting of the copy parameters. As for Telegram Copier, the trader can adjust any indicator. At the very beginning, after synchronizing the software with the desktop Telegram application, the user selects a list of channels from which trades will be copied. Then it sets an acceptable level of risk, limits on the size of trades, etc.

Fine-tuning of copying signals may be moved from Telegram to MT4 and MT5 into a separate function because few services allow you to detail the copying process at this level. This is a conceptual advantage for a trader who may be interested in many signals, but not all of them will apply in their pure form to his trading style, financial possibilities, and level of risk tolerance. A trader can connect any number of channels and copy any number of trades per unit of time. Also, it is possible to use the default settings, since they are universal and will suit many novice traders.

Setting up MT4 and MT5 signal copying

If you are unsure about how to configure automatic copying of Forex trades via Telegram Copier, watch a short video guide, which can be found on the website's main page. During the 10-minute video, the service developers clearly explain which settings are set by default and the purpose of each option. However, the guide is available only in English. In the program settings, you can choose another language to translate the interface.

Historical testing

Historical testing (or backtesting) allows you to project the parameters of a trade at a selected time when an equal or similar situation appeared on the asset chart. The deeper into the past you go for backtesting, the better. This allows you to project a trade to a larger number of situations and get more accurate results. Today, this practice is used by most professional traders who trade currencies, securities, resources, and other assets.

Copying signals from Telegram to MT4 via Telegram Copier is unique in this sense. This is because very few programs have an integrated backtesting function. Telegram Copier uses proprietary, dedicated software for this purpose, which is called "BackTester". The program can be downloaded from the official website; it also contains the main version of the application. After installation and launch, you will see something like a typical trading platform. Here you can select an asset, a historical date in months and years, and set other parameters. It's as if you were trading on your broker's demo account, but with the ability to project a trade into the past.

Historical testing

The backtesting function has one important feature that is also specific to the main Telegram Copier application. This is the intuitiveness of the interface. All buttons have clear names or easy-to-read icons. Most of the elements are copied from standard trading platforms. The interface is available in several main languages. There is also a detailed help section. On average, it takes no more than 10-15 minutes for even a novice trader to get acquainted with the basic and extra features. Of course, like any software, there are specific points here, but they are comprehended in the process of active use of the application.

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The pros and cons of Telegram Copier

Before proceeding to the overview of the pricing policy of the service and current plans, it is necessary to summarize the key features of Telegram Copier, a program for copying Forex trades. You can see the main pros and cons in the lists below. They were defined by Traders Union experts during a comprehensive assessment, as well as through an analysis of user reviews.

👍 Pros:

•The program is simple to use, with an intuitive interface, a detailed help section, and video guides.

•It is compatible with all versions of Telegram and allows for copying to the most popular trading platforms – MT4 and MT5.

•The process of copying Forex trades is fully automated, and you can connect any number of channels.

•The copy mode can be fine-tuned based on dozens of parameters, including potential risk.

•It is possible to conduct backtesting (the function is available as a separate application).

👎 Cons:

•Because there is no free version, evaluating the service requires paying at least the cheapest subscription.

•The program only copies Forex trades and does not recognize stock or other asset signals.

The Telegram Copier service has far more objective benefits than drawbacks. The fact that the program only works with Forex is more of a nuance than a real disadvantage. As for the subscription, many users are sure that the company needs to make a trial version, even for a couple of days, despite the limited features. After all, it's one thing to watch reviews and guides, and quite another to actually try out the software.

Telegram Copier

Telegram Copier pricing and plans

Telegram Copier currently offers seven plans. They differ in various parameters, such as the license validity period, functionality, and limitations. Below, TU gives a detailed description of each plan with an indication of its cost.

1 Month - 1 MT. 49 USD per month, paid monthly. You can connect one real or demo user account in the MT4 or MT5 trading platform. There are numerous channels and signals, several strategies to choose from, as well as a risk management function.

Lifetime - 1 MT. 120 USD, paid once, and you can use the program indefinitely. All standard functions are available without limitations for one real or demo account on the MT4 or MT5 trading platforms.

Lifetime - 2 MT. 180 USD, paid once, lifetime license. It has all the features of the plans described above, the difference is that you can connect two user accounts.

BackTester - Lifetime - 1 MT5. 199 USD, one-time payment. The plan allows you to download a program for historical testing (backtesting). There are no limitations on the number of channels, signals, or time.

Lifetime - 4 MT. 220 USD, one-time payment, lifetime license. The plan includes all the features of the above plans (except backtesting). You can connect up to four MT4 and/or MT5 user accounts.

Lifetime - 6 MT. 299 USD, lifetime license. Unlike other plans, you can connect up to six user accounts.

Lifetime - 10 MT. 499 USD, one-time payment, and indefinite access to the program. It is possible to connect up to ten (demo or real) user accounts.

Note that there is no registration on the Telegram Copier website. You pay for the selected plan via Shop Pay and receive a personal link to download the program. If you encounter technical issues, or when some functions do not work or do not work as stated, within seven days after the purchase you can return the program and your refund will be issued. After seven days, the funds will not be refunded under any circumstances.

Telegram Copier pricing and plans

The Telegram Copier referral program

The referral program allows any client who has purchased any type of subscription to earn extra money for their social activities. To do this, you must:

Purchase Telegram Copier, a software for copying Forex trades. The plan does not matter.

After the purchase, register in the referral program by clicking on the "Affiliate TC" link in the main menu of the website.

Choose one or more Telegram Copier advertising products and post them on your YouTube channel, blog, forum, or any other social platform.

Motivate traders to go to the service's website using your referral link. You will receive a monetary reward for each user who makes a purchase.

Currently, the reward is 10% of the purchase price. Periodically, the company runs promotions that increase the percentage of payments for certain plans or advertised products. The reward is credited to the specified bank card or electronic wallet monthly.

You can use a direct link to any page of the website and post it online or send it in a personal message. The system will record every click on your links. The company offers ready-to-use advertising tools, including sitestripe short links, Easy Links, and banners of various formats. Banners are easily embedded on websites, social media profiles, and email signatures. If necessary, you can get advice from the technical support team.

The Telegram Copier referral program

The Telegram Copier program is beneficial for users to earn as much as possible on the referral program because then the company will get more profit. At the request of the partner, the service provides them with reports indicating all clicks on the link, orders, and income. The reports contain payment history, current link types, trends, and unique identifiers of advertising products. Thanks to this visual and detailed information, the partner understands which links and banners work best. This allows them to adjust ads to increase conversions.

Can the Telegram Copier service be trusted?

This is an important question because sometimes there are scammers that hide behind the mask of services for copying signals from Telegram to MT4/MT5. They embezzle user funds and either do not provide software or the program does not work as stated. The second scenario is far more common. Yes, it is illegal, and similar services for Forex trade copying are regularly blocked. However, some may be active long enough to scam hundreds or even thousands of traders.

Telegram Copier, a platform for copying Telegram signals to MT4 and MT5, has been in operation for several years. BST GROUP SRL is the owner. The analysis of the service and the evaluation of user reviews for the entire period of its operation show that the company provides software whose capabilities fully correspond to what is stated on the official website. At the same time, the activity of the Telegram Copier platform is not regulated because it does not provide financial services. The service does not provide access to signal providers and does not act as a provider.

Telegram Copier is a kind of bridge between numerous Telegram signal providers and a trader's trading account. There are no advisory services, financial products, or calls to invest into certain assets. The trader should remember that automatic copying of trades from Telegram to MT4 and MT5 does not exclude trading risks and does not guarantee profit. It all depends on the signal provider as well as the decisions of the trader. Telegram Copier only facilitates signal copying and, thanks to many functions, reduces the possibility of loss. However, it is impossible to completely exclude this possibility of losses in all circumstances.

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Getting started with Telegram Copier

As previously stated by TU experts, the service does not require registration, and you will not have a user account. The website only has a "shopping cart" to which you need to add the selected plan or plans (say, "Lifetime - 1 MT" and "BackTester"). Then you pay for items in the cart and get the opportunity to download the selected software. A detailed action plan is provided below.

Step 1. Go to the official Telegram Copier website. Click the "Buy Now" button or scroll down to the list of plans. Click the "Buy Now" button under the selected plan.