A Myfxbook AutoTrade alternative
Myfxbook AutoTrade is a free copy-trading service: you pay through your broker's spreads or commissions, and some partner brokers add a small markup. You need an account at one of its partner brokers, usually with a live balance of around $1,000. AlgoBars copy trading is also free to use, works across 334 brokers and 131 prop firms, lets you copy with your own risk limits, and lets you build your own strategies or earn from followers as a leader.
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Compared
Myfxbook figures from 2025 to 2026 reviews and broker guides, checked September 2026.
| Myfxbook AutoTrade | AlgoBars | |
|---|---|---|
| Price | No separate fee; broker spreads, commissions or markup | Free to use; see note on external brokers |
| Brokers | Partner brokers (around 40+) | 334 brokers and 131 prop firms |
| Minimum | Often around $1,000 live balance | None set by AlgoBars |
| Build your own bots | No, copying only | Yes: plain English, no-code or AlgoBarsX |
| Earn as a leader | Via Myfxbook signal programs | Monthly subscriptions, payouts in cash or crypto |
Good to know
Myfxbook is also known for its free, verified trading analytics. Copying any trader carries risk; check drawdown and history first.
Next steps
Frequently asked questions
Is Myfxbook AutoTrade free?
It has no separate subscription fee; costs come through your broker, and some partner brokers add a markup.
What does AlgoBars add?
Copy trading across 334 brokers, your own risk limits, PAMM and MAM, and tools to build strategies and earn as a leader.
More answers
Sources
Competitor terms change. Trading involves risk of loss.