The copier copies all types of MetaTrader 4/5 orders to your InteractiveBrokers account, along with the stoploss and takeprofit.

Regardless of whether you trade MetaTrader manually or via script or ExpertAdvisor, via a signal service or via a MetaTrader order copier, all orders are copied.

This happens quickly and fully automatically.

• All types of orders are supported.
• MetaTrader 4/5 are supported.
• MetaTrader Hedge- and net- accounts supported.
• InteractiveBrokers Financial Advisor accounts supported.
• Demo- and live accountsa are supported on both sides.
• Various methods to scale ordersize.
• Flexible MetaTrader symbol / InteractiveBrokers contract linking
• Symbol filters, ordertype filter
• etc.

It feels like you are using MetaTrader directly for an InteractiveBrokers account.

Do i buy a subscription ?
Yes. You can buy a 1-,3,6- or 12 month subscription with autorenewal. You can
cancel this subscription at any time.

Does the price depend on # of managed accounts (visible) in my TWS / Gateway login ?
Yes. As each account can have a benefit by the software,  you need a license for each account.
In our shop you just select an according number of licenses.

60 days right of return applies

Is there a test version available ?
You can test the software 1 month. If you decide to buy,
you pay for this month, otherwise no costs for you.

Where to get the software ?
Once purchased, you get a download link in our digistore24.com store.

Promote this product as an affiliate:
Digistore24 Affiliate page for product

Yes. This account can be a demo or a live account. The reason is, that MetaTrader does not allow to connect to external brokers and dataproviders.
Consequently there is no API or interface in MetaTrader to do this.

The MetaTrader business concept is to charge you by artificial spread. For this, the MetaTrader broker requires control about market data and so
you can not connect other brokers and their datafeed.

However, the copier goes around this and this works pretty well. It detects the orders placed for your MetaTrader account and creates copies for
your InteractiveBrokers account. You can scale ordersize and take so benefit for lower costs on MetaTrader side for micro lot orders and take benefit
for high lot orders at InteractiveBrokers side.

You can also just use a demo account for MetaTrader.

The copier makes MetaTrader available for InteractiveBrokers (IBKR) at all.  There is no such product in the market at this price,  as far we know.

When you like MetaTrader but you think commissions are too high or executions prices too far from market,  then using a MT demo account or placing low sized orders and scale up for IBKR,  using the MTIBOC,  can save much money for you,  depending on how good executions are with IBKR.

No. This is not possible at all. There is no market data API or broker API in the MetaTrader client. The MetaTrader business concept requires control about market data. They charge you by artificial spread.

Never mind, you can expect very good execution prices on your IBKR account, because there is no artificial spread.

This way, the copier can even save money for you, because IBKR has no dealing desk in between. MetaTrader ECN broker usually charge more than IBKR.

 

Usually, the market data have the identical sources (the exchange or Interbank FX) and just differ by the artifical spread imposed by MetaTrader broker.

Yes. You can use MetaTrader demo or live accounts. You can also connect to IBKR paper account.

It is also possible to scale orders for your IBKR account, for instance to turn 0.01 lot MetaTrader order into a 10 lot IBKR order.

You do the symbol mapping. There are default mappings, for the most typical MetaTrader symbols, like EURUSD, etc.

The mapping is done in a table. You can add, delete and change mappings in this table.

It all starts to select the IBKR contract. Then you define which MetaTrader symbols are linked to this contracts.

As you can connect multiple MetaTraders 4/5 to the copier, you can link multiple MetaTrader symbols to an IBKR contract.

 

The mapping is free, if it makes sense or not. For instance, you can link the MetaTrader EURUSD to the IBKR XAUUSD. This makes it possible to link
MetaTrader stock CFD to IBKR real stocks.

When link a symbol to an IBKR contract, you can also define how many shares are placed for the IBKR account when you place 1 lot for the MetaTrader symbol.

Options,  Futures usually not.  Generally it depends on your MetaTrader broker. Remember, this is a copier.  All starts with an order for your MetaTrader account,  so with a MetaTrader symbol.  So you need an existing MetaTrader account, demo or live.

If this MetaTrader broker has options,  futures,  stocks, you can link them to the IBKR options,  futures,  stocks.

Usually MetaTrader broker just have CFD on stocks, metals,  commodities but not options or futures.

No problem: You can link a MT stock CFD to an IBKR real stock, or IBKR stock CFD,  etc..

Yes. There are various methods.

• Shares per lot multiplier.  Per symbol linkage (mapping) you define how many shares are placed for my IBKR order when i place 1 lot for my MetaTrader account.
  By default, for forex symbols, this value is 100.000. One hundered thousand. That means, that 1 lot MetaTrader order is copied to a 100.000 shares IBKR order.
• Instance multiplier.  You can define a size multiplier per connected MetaTrader instance. Let’s say this multiplier is 10, then the order copy is 10 times higher on IBKR side.  (It is muliplied subsequently to the shares per lot multiplier).
• Balance relation multiplier.  This multiplier is on or off and calculated automatically. When enabled, it multiplies each ordersize by the relation between IBKR account balance and MetaTrader account balance. Example: MetaTrader account balance is 10.000.  IBKR account balance is 100.000. So 10 times higher.  Then each IBKR order copy is 10 times higher then the MetaTrader original order. The balance ration multiplier, if enabled, is set on top of the prev. multipliers.

No. Interactive Brokers accounts are net accounts. When you place a 1 lot buy EUR.USD order in MetaTrader and a 1 lot sell order in EUR.USD you are flat in your IBKR account.

If you then close the 1 lot buy order in MetTrader, your are short in your IBKR account.

If you then close the 1 lot sell order in MetaTrader, you are flat again in your IBKR account (and MetaTrader account).

Yes. Financial advisor accounts are fully supported. You can set the allocation per MetaTrader intsance connected.

This way, you can server different groups of customers with different strategies.

Yes.  We have no backend access to your MetaTrader broker or Interactive Brokers.  Therefore, to maintain copy, you need to run all the components involved

all the time,  when you like to copy.

In the TWS / Gateways API settings is an option to autorestart TWS / Gateways at the specified time.  The copier can deal with restart.

You just need to login once per week.  Do the login with login device at weekend.  So during the week,   TWS / Gateway just restarts and no login required.

The copier automatically reconnects to TWS / Gateway once they are up again.

Yes.  We recommend to use always IBKRs time tested version,  which can be downloaded in the lower right corner

of this page (Offline TWS ->)

 

(NOT Offline TWS Latest)

Yes.  We recommend to run all components:  The copier, TWS or gateway and all MetaTraders on a VPS.

VPS has to be Windows 10 compatibel system. (Windows 10, Windows 2016, Windows 2019).

Attention:  Be careful with MetaTrader VPS.  They sometimes do not allow to load DLLs into MetaTrader.

But this is essential for our copier,  because a DLL makes the communication between MetaTrader and the copier.

A good provider for VPS in our opinion is contabo.  We use this service for our own purposes.

A basic Windows VPS is fully sufficient for copier, e.g. the  Cloud VPS 1 option. Including a Windows Server 2022
license, the monthly costs are EUR 13.10 with a single payment of EUR 7.14 as of march 2024. The subscription can be canceled monthly.

You can run it in wine or on parallels. On newer Macs you most likely run into problems as those use Mxx CPUs which are ARM based and virtualizer
like parallels may (please investigate this point) do not emulate x86 based software. The copier is x86 based.

However, there is a much smarter solution with little more monthly costs and this is a VPS like described above.
You just install all the software: MetaTrader, TWS or Gateway and the copier on a small VPS which runs in a well protected
cloud with a reliable internet connection.

MacOS allows to connect this VPS per Remote Desktop Protocol (RDP) so as this Windows would run on your local
Mac alongside MacOS.  A windows RDP client is free available in the Mac Appstore.

You could also run TWS or Gateway local on your Mac and  just the copier and MetaTrader on the VPS.

We recommend a machine with at least 2 Cores >= 3.0 GHhz and >= 6 GB RAM.

Windows 11, Windows 10, Windows 2016, Windows 2019 or Windows 2022 are supported.

No.  The MetaTrader broker depends on your requirements.  Mainly, what symbols you like to trade.

Demo accounts with free quotes are available from nearly all MetaTrader brokers.  Either when you fund some money

for a real account and then request a demo account or just get a demo account for testing the broker.

 

The manufactor of MetaTrader, MetaQuotes offsers demo accounts with most forex pairs, some metals.

Please mind this page for MetaTrader 4/5

(scroll down for MetaTrader 4 download options)

After installation a setup and configuration explainer video is started,   that explains nearly all.

There is also a help accessible from the copier,  with trouble shooting page.

You can post your questions via Skype:

trade-commander

or the copier discord-channel mtib-order-copier

You can also write an email to contact@trade-commander.de