Copy trading and signal services are popular, but not all prop firms allow them. Using a trade copier on a restricted firm can get your account terminated. Here are the rules.
Copy Trading Policies
| Firm | Copy Trading | Conditions | Code |
|---|---|---|---|
| The5ers | Allowed | Must be from your own accounts | PFKEY 5% |
| FXIFY | Allowed | With restrictions | PFK 28% |
| Blue Guardian | Allowed | With disclosure | PFK 50% |
| FundedNext | Limited | Own accounts only | PFK 50% |
| FTMO | Restricted | Must disclose, no third-party signals | — |
| Bulenox | Varies | Check specific plan rules | PFK 90% |
What "Copy Trading" Means in Prop Trading
There are different types:
1. Copying Between Your Own Accounts
- Trading the same strategy on multiple funded accounts
- Generally allowed by most firms
- Must be YOUR strategy, not a third-party signal
2. Using Signal Services
- Following someone else's trades via a copier
- Usually restricted or banned
- Firms want to fund YOUR skills, not someone else's
3. Running a Signal Service
- Letting others copy YOUR trades from a funded account
- Usually allowed if the trades originate from your decisions
