Pepperstone is known for its low spreads and heavily regulated background, but what about the social trading side?？

Most novice traders are struggling to develop a trading plan that actually works in the market, so documentary trading is very popular today。As the name suggests, it allows traders to automatically follow the behavior of experienced traders in real time, providing opportunities to help them make more money with less effort。Anyone can make a documentary trade regardless of their trading skills or experience.。Today, many brokerage firms offer special software for documentary trading, and Pepperstone is one of them.。

Pepperstone's Social Deals

Pepperstone is a reputable Australian broker founded in 2010.。The broker offers a variety of trading services and a wide range of tradable instruments such as forex pairs, indices, cryptocurrencies, metals, commodity CFDs and index CFDs。Traders can also benefit from fast trade execution, low spreads, a reliable customer support team, extensive analytical tools, and advanced platforms.。

Pepperstone supports multiple trading strategies, including social trading。The broker has partnered with several top third-party providers to help traders get some of the best trading strategies in the world.。In particular, Pepperstone can be used with Myfxbook, MetaTrader Signals, and Duplitrade。The following is complete information for each。

Myfxbook

Myfxbook's AutoTrade offers an account mirroring service that allows you to copy your trading system without running any additional software。There are more than 40 trading systems on the platform for you to choose from, all carefully selected by a team of professionals and tested for profitability levels in real currencies。You are free to arrange your own portfolio without having to make any transactions or pay any management fees。

Essentially, here are the benefits you can get from using Myfxbook:

• Access to carefully selected, tested trading systems by a team of professionals。
  Get accurate statistics, enable quick market analysis and improve your trading。
  Trade with a powerful, easy-to-use platform without additional software。
  Full control of trading and access to a fully customizable ecosystem that can add, suspend or remove any trading system at any time。
  Trading Simulator can be used to simulate trading and help you find the best for your portfolio setup。
  Subscribe to any number of trading systems, but a balance of at least $1,000 per system is highly recommended。

MetaTrader Signals

If you want a practical solution, choose MetaTrader Signals。Since it is part of the MetaQuotes service, you can access the social trading function directly from MT4 or MT5。Like other social trading platforms, you can replicate trading strategies executed by other traders in real time, and you can choose to replicate a large number of trading strategies.。

As the most successful trading platform in the industry, MetaTrader offers thousands of signals that can be replicated。Many experienced traders on the platform choose to offer their trading strategies to the public for free or for a reasonable fee。You simply search for providers, subscribe to their accounts and start copying without leaving the platform。

Conveniently, the platform automatically sorts signal providers based on their performance, and the most successful people will be displayed at the top of the list, making it easier for you to narrow down the range of potential candidates to replicate。Once you have selected your account, you can let the system do all the work according to the parameters you set。

DupliTrade

Finally, you can also choose to use DupliTrade for social trading in Pepperstone。The number of signals it provides is relatively small, but the average level is quite high, because each strategy is carefully monitored through a rigorous review process。

With a minimum deposit of AU $5,000, you can access DupliTrade's strategy provider and activate the automated trading system using your own MT4 trading account。If you are new to the market, you can practice strategies using a demo account。

Another advantage is that the platform has a user-friendly interface and fast execution speed, allowing you to copy transactions in real time。Easily create and monitor your portfolio with just a few clicks。It also allows you to observe the behavior of other traders and understand their reaction to certain market changes, which is useful for growing your trading knowledge and understanding various trading methods.。

How to start documentary trading at Pepperstone？

In order to start documentary trading in Pepperstone, you basically need to register with brokers and third-party platforms for documentary trading。Follow these steps:

1. To create a real trading account in Pepperstone, the registration procedure usually takes about 15 minutes to complete。
   Complete the validation process, validation of files can take up to 48 hours。
   Decide on a social trading platform: Myfxbook, MetaTrader Signals or DupliTrade。
   Link a trading account to a social trading provider。
2. • If you choose Myfxbook, you can go directly to the company's website and link your account。
     If you select MetaTrader signals, open the platform and browse the signal providers。
     If you choose DupliTrade, you will need to contact Pepperstone's customer service and request that your account be linked to DupliTrade。
3. Subscribe to one or more signal providers you want to copy, be sure to check the trader's profile and past performance to find the best trader。
   Start Automatic Documentary Trading。Don't forget to occasionally monitor your portfolio to make sure everything is on track。

Conclusion

Pepperstone supports various trading strategies, including social trading。It is worth noting that the broker does not have a dedicated platform。Instead, it works with third-party services such as Myfxbook, MetaTrader Signals and DupliTrade, so you can choose the platform according to your preferences.。

In addition, Pepperstone's social trading can also be profitable if you know how to maximize your returns。The rate of return depends on a number of factors, including your choice of signal provider, your risk tolerance, trading instruments and more。However, it is important to understand that social trading does not guarantee 100% success, as there are also risks involved, so it is highly recommended that you diversify your portfolio and develop a good risk management strategy。

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Pepperstone is amulti-asset broker, providing services such as cryptocurrencies, indices, and foreign exchange。The broker is known for high-quality software solutions, ultra-low prices, fast execution speeds of 30 milliseconds and innovative crypto products。