How to Set Up a Master-Child Copy Trading Account

Copy trading is changing the way people invest in the stock market. It creates a system for new or time-starved traders to automatically follow the trades of expert traders, in real-time and on the same platform and account type.

The Master-Child Account setup is the easiest and the most commonly used method of copy trading.

Whether you are a professional trader wanting to provide your trading strategy (master) or are just someone wanting to follow a pro (child), this system offers total automation and control.

In this blog, we'll help you understand step-by-step how to set up a Master-Child copy trading account utilizing the modern methodology of Combiz Services Copy Trading Software, and then explain how it works for brokers, traders, and investors in India.

What is a Master-Child Copy Trading Account?

In a Master-Child Copy Trading setup, one account (the master) makes the trades, and the multiple other accounts (child account) independently replicate the same trades automatically and in real-time.

• The master account is that of the trader who the trades and strategy are followed.
• The child account(s) are that of the investor or client who has automatically copied the master trader's trades.

This trade copy system is perfectly adapted for:

• Stock brokers looking to manage multiple accounts for clients
• Fund managers distributing trades
• Expert traders looking to monetize their skills
• Retail investors with no trading knowledge.

What You Need Before Getting Started

Before you can get set up, you will need some basic items:

• Copy trading software (like Combiz Services Copy Trading Software)
• Brokerage accounts that support APIs (i.e. Alice Blue, Angel One, Zerodha, Kotak, etc.)
• Trading platform (MT4, MT5, or Amibroker/TradingView with alert capabilities)
• Your master account login details
• Your child account login details

Optional but beneficial:

• Bridge or API tool to connect your trading platforms to broker
• Stable internet or VPS for continuous operation
• Simple Process to set up Master-Child Copy Trading Account

Step 1: Choosing a Great Copy Trading Software

The most important step is identifying a secure and reliable copy trading tool. Here I would recommend the Combiz Services Copy Trading Software. This is one of the best platforms for Copy Trading in India and definitely one of the best platforms across multiple trading accounts.

Things to look for when choosing copy trading software:

• Real-time trade mirroring
• Risk management for each child account
• Support for multiple brokers
• Manual or auto sync with brokers
• Simple dashboard interface

Step 2: Link the Master Account

Once your software is set up:

1. Log into your master trading account (on MT4, TradingView,etc.)

2. Link that account to the software using API or bridge connection.

3. Designate it as your master in the software.

Once that is done, each trade from that account will be tracked for possible copying.

Step 3: Add Child Accounts

Each child account will follow the master's trades, and you can a single child account or multiple child accounts depending on how many investors want to copy the master's trades.

To link child accounts:

1. Enter the child account details into the software.

2. Use broker API keys or login information in a secure manner.

3. Based upon their comfort level for copying risk, assign a copying ratio for each account (1:1, 1:2, etc.)

Example: If the master is placing a buy order for 2 lots, the child account with a 1:2 ratio will place 4 lots.

Step 4: Assign Risk Management Parameters

Being able to manage risk for each child account in customized manners is one of the main benefits of advanced copy trading software.

Risk management parameters set by you:

1. Max lot size

2. Stop losses per trade

3. Daily loss limit

4. Copy direction (direction of trades with same or opposite trades)

This will allow every investor to be able to remain in their comfort level while copying the expert.

Step 5: Go Live and Monitor

Now that everything is in place:

• You can now activate live trading mode in your software.
• Make a test trade from your master account.
• Make sure that the same order is sent as a duplicate in all of your child accounts.

You can now monitor your trade history and performance from the dashboard. Most tools offer trade logs, error reports, account summaries, and performance.

Why Choose Combiz Services Copy Trading Software?

If you are in India and looking for a reliable one-stop solution to copy trading software, Combiz Services Pvt Ltd has the best Master-Child Copy Trading Software for brokers, traders, and fund managers.

Combiz has many benefits such as:

• Works with ALL of the major Indian brokers
• Works on MT4, MT5, & TradingView, Amibroker
• Instant order duplication
• Free demonstration and easy onboarding
• Affordable plans

Combiz allows you to focus on strategy while the software accurately duplicates your trades.

Suggestions for Trouble-free Copy Trading

• Always begin with a demo account before anything else.
• If you are the master, clearly communicate your expectations with your clients.
• Make sure that you regularly update the software for optimal performance.
• Always analyze your results and refine and maximize your copying proportions.
• If you really want to trade 24/7, use a dependable VPS.

Who Should Use Master-Child Copy Trading Set Up?

This is ideal for:

• Brokers who offer managed trading services
• Experienced traders who want to have their trades copied, and monetized.
• Small investors with no time or trade knowledge.
• Training institutions who are managing student accounts.

Conclusion

Setting up a Master-Child Copy Trading Account is one of the best ways to scale leisure trading or provide value for clients. With advanced tools like Combiz Services Copy Trading Software, it offers a smooth, secure, and automated way to Copy Trade.

We hope this will benefit you when using a Master-Child copy trading set up. Whether you are a single trader, or managing hundreds of other accounts, trading once and replicating many times with full control and flexibility.