MirrorTrader

Mirror Trader, built by the Israeli firm Tradency, was one of the first platforms to bring automated strategy following to retail forex. Launched in the mid-2000s, it let a trader select strategies from a catalogue and have their signals executed automatically in a broker account, and for several years it was a standard entry in broker platform lists.

Current status

It has largely disappeared from active broker cashiers. The category it created did not go away — it was taken over by services built into modern platforms, such as cTrader Copy and the copy features in broker-proprietary apps, alongside standalone providers. Where a broker still lists Mirror Trader, verify in the live platform menu of a funded account that it is actually available before choosing the broker for that reason.

What it established

Mirror Trader's real legacy is the model every copy-trading service now uses: a catalogue of strategies with published performance statistics, execution into the follower's own account rather than into a pooled fund, and the ability to disconnect without moving money. Understanding that model still matters, because its weak points are unchanged whichever service implements it:

• The catalogue is a survivorship display. Strategies that blew up stop being shown. What remains looks better than the population it came from.
• Backtested and live results get presented together. Establish which is which before reading any curve.
• Follower fills differ from the signal. Latency, spread and size mean your execution is worse than the published record by an amount nobody advertises.
• Smooth equity curves usually mean unrealised losses. A strategy that never closes a loser is not a strategy without losses.

What to use now

If copy trading is what you want, choose a service that is actively maintained, publishes open drawdown rather than only closed results, and lets you see how position size behaves after a losing trade. The platform matters far less than whether those numbers are visible.