The copier mirrors all kinds of MetaTrader 4/5 orders to your Interactive Brokers account, including stop loss and take profit.

Whether you trade manually in MetaTrader, via script or Expert Advisor, through a signal service, or via a MetaTrader trade copier, all orders are mirrored.

This happens quickly and fully automatically.

• All order types are supported.
• MetaTrader 4/5 are supported.
• MetaTrader hedge and net accounts are supported.
• Interactive Brokers Financial Advisor accounts are supported.
• Demo and live accounts are supported on both sides.
• Different methods to scale position size.
• Flexible MetaTrader symbol / Interactive Brokers contract mapping
• Symbol filter, order type filter
• etc.

It feels like using MetaTrader directly on an Interactive Brokers account.

Is there a refund policy?
Yes, a 30-day money-back guarantee applies.

Is it a subscription?
Yes, except for the first payment option. You enter a 1/3/6/12-month subscription that renews automatically unless canceled.

Is there a trial without a subscription obligation?
You can test the product for one month. If you buy afterwards,
you pay for that month; otherwise, there are no costs.

Do I need a license for each account visible in my TWS / Gateway?
Yes, because each account benefits from this software. Please choose the number of licenses according to the number of accounts visible in your TWS / Gateway.

How do I receive the product?
The product is provided as a download after purchase.

 

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Yes. This software is a copier. You first place an order with your MetaTrader broker, then it can be mirrored.

MetaTrader has no interface for external brokers or data providers. The MetaTrader business model requires control
over market data, from which MetaTrader users are commissioned.

Therefore, it is not possible, because it is not intended, to log into MetaTrader with Interactive Brokers account data.
For the same reasons, it is not possible to display Interactive Brokers data in MetaTrader charts.

The copier bypasses this by detecting orders placed for the MetaTrader account and then creating copies for
the Interactive Brokers account.

This works so smoothly that it feels like trading an Interactive Brokers account directly from MetaTrader.

The copier makes MetaTrader usable for Interactive Brokers (IBKR). As far as we know, there is no such product at this price point on the market.

If you like MetaTrader but think that commissions are too high or execution prices are too far from the market, you can save a lot using an MT demo account or by placing smaller orders on a live account and scaling to IBKR with MTIBOC — usually more than the cost of this software.

Or you simply want to leverage MetaTrader’s powerful tools for designing and executing trading strategies on your Interactive Brokers account.

The copier enables all of this in a very convenient way.

No. This is not possible at all. There is no market data API or broker API in the MetaTrader client. The business concept of MetaTrader requires control over market data. They generate commissions via an artificial spread.

No problem — you can expect very good execution prices on your IBKR account because there is no artificial spread.

In this way, the copier can even save you money, because IBKR has no dealing desk in between and MetaTrader ECN brokers usually charge more than IBKR.

Normally, market data has the same sources (the exchange or interbank FX) and differs only by the artificial spread imposed by the MetaTrader broker.

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

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

You perform the symbol mapping yourself. There are default mappings for the most common MetaTrader symbols, such as EURUSD, etc.

Mappings are done in a table. In this table you can add, delete and change mappings.

Everything starts with selecting the IBKR contract. Then you define which MetaTrader symbols are connected to this contract.

Since you can connect several MetaTrader 4/5 instances to the copier, you can link multiple MetaTrader symbols to one IBKR contract.

 

Mapping is flexible, whether it makes sense or not. For example, you can link MetaTrader EURUSD with IBKR XAUUSD. This enables, for example, linking MetaTrader stock CFDs with IBKR stocks.

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

Options and futures are usually not available. This depends on your MetaTrader broker. Remember that this is a copier. Everything starts with an order for your MetaTrader account, i.e., with a MetaTrader symbol. You therefore need an existing MetaTrader account, demo or live, and tradable symbols/contracts are defined by the broker.

If this MetaTrader broker offers options, futures, stocks, you can link them with IBKR options, futures, stocks.

Normally, MetaTrader brokers only have CFDs on stocks, metals, commodities, but not options or futures.

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

Yes, there are different methods.

• Shares per lot multiplier. Per symbol mapping you define how many shares are placed for the IBKR order when you place 1 lot for your MetaTrader account.
  For FX symbols this value is 100,000 by default. That means 1 lot MetaTrader order is copied into a 100,000-share IBKR order.
• Instance multiplier. You can define a size multiplier per connected MetaTrader instance. If this multiplier is 10, the IBKR copy is 10 times larger. (It is then multiplied with the shares-per-lot multiplier.)
• Balance ratio multiplier. This multiplier is on or off and is calculated automatically. If enabled, it multiplies each order size by the ratio between IBKR account balance and MetaTrader account balance.
  Example: MetaTrader account balance is 10,000. The IBKR account balance is 100,000. So 10 times higher. Then each IBKR order copy is 10 times higher than the original MetaTrader order. The balance multiplier, if enabled, is applied in addition to the previous multipliers.

No. Interactive Brokers accounts are netting accounts. If you place a 1-lot buy order in EUR.USD in MetaTrader and a 1-lot sell order in EUR.USD, you are flat on your IBKR account.

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

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

Yes. Financial Advisor accounts are fully supported. You can set the allocation per connected MetaTrader account.

This way you can serve different groups of clients with different strategies.

Yes. We have no backend access to your MetaTrader broker or Interactive Brokers. For correct mirroring, all components must be running.

In the TWS/Gateway API settings there is an option to automatically restart TWS/Gateway at a specific time. The copier can handle the restart.

You only need to log in once per week. Perform the login with the authentication device on the weekend. This way, TWS/Gateway will simply restart during the week and no login is required.

The copier automatically reconnects to TWS/Gateway as soon as they are back online.

Yes. We always recommend using IBKR’s proven version that can be downloaded in the lower right area

of this page (Offline TWS ->)

(NOT Offline TWS Latest)

Yes. We recommend running all components: the copier, TWS or Gateway and all MetaTrader instances on a VPS.

The VPS must be a Windows 10 compatible system. (Windows 10, Windows Server 2016, Windows Server 2019).

Note! Be careful with MetaTrader VPS. They sometimes do not allow DLLs to be loaded in MetaTrader.

This is however essential for our copier, as a DLL establishes the communication between MetaTrader and the copier.

 

From our own experience we can recommend e.g. contabo. Even the smallest CLOUD VPS 1 with an optional Windows 2022 license
is fully sufficient for the purposes of the copier. This CLOUD VPS 1 costs EUR 13.10 per month including Windows license and is
cancellable monthly. The one-time setup fee is EUR 7.14. As of March 2024.

Not directly. But with Wine or Parallels it might be possible. This unfortunately depends a bit on your Mac. Newer Macs are ARM-based (M1, M2, M3..)
and it seems that Parallels does not emulate x86 but runs Windows on ARM. Under these circumstances you cannot run the copier on macOS with Parallels. Please ask Parallels support for details.

For older Macs based on Intel, this should not be a problem.

 

The easiest would be a VPS (Virtual Private Server), as described above. For a few euros more per month, you get a Windows machine in a
secure and stable cloud and can even execute trading in its own environment.

You can connect to the VPS via Remote Desktop and control it as if Windows were running side by side with your macOS.
Such an RDP client is available for free in the App Store.

It is also possible, for example, to run TWS or the Gateway on the Mac if you feel more comfortable with that. The copier allows such a
configuration.

MetaTrader could also run locally on the Mac and only the copier in the VPS. This configuration is not so recommendable, as
the signal path would then go from MetaTrader on your Mac to the VPS, back to TWS on your Mac and then to Interactive Brokers.

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

Windows 10, Windows Server 2016 or Windows Server 2019 required.

No. The MetaTrader broker depends on your requirements — especially on which symbols you want to trade.

Demo accounts with free quotes are available at almost all MetaTrader brokers. Either you deposit some money

into a real account and then request a demo account, or simply get a demo account to test the broker.

 

The manufacturer of MetaTrader, MetaQuotes, offers demo accounts for most currency pairs and some metals.

Please see this page for MetaTrader 4/5

(scroll down for MetaTrader 4 download options)

No. But you can run a second MetaTrader on a Windows machine, e.g., a VPS.

On this machine, install MetaTrader, the copier and TWS or the Gateway. Then log into the same account in MetaTrader
that you are also logged into on your smartphone.

All orders that are placed from the smartphone will then appear in this MetaTrader (normally).
There they are detected by the copier and orders are created for TWS.

On this VPS, all three components (MetaTrader, copier, TWS or Gateway) must run continuously
when mirroring is required.

Note: Please do not use a MetaTrader VPS. On these, it is not possible to use so-called DLLs.
The copier uses a DLL for the communication between MetaTrader and the copier.

After installation, an explainer video starts for setup and configuration.

There is also a help section accessible from the copier, including a troubleshooting page.

We also have a forum where you can register and ask your questions for free:

MTIBOC Forum

Once registered, please send an email to contact@trade-commander.de

so we can activate your user.

 

In exceptional cases we help via TeamViewer.

You can also purchase support hours. Please send us a request.