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.
Last updated
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
Everything you would pay for, free on AlgoBars
Here is what a copy trading trader gets on AlgoBars at $0, compared with paying for Myfxbook AutoTrade.
| What you get | On AlgoBars |
|---|---|
| Copy trading | Unlimited copy trades, free |
| Share or sell your own strategies | Free to post on AlgoSocial |
| Strategies running 24/7 | Free on AlgoBars servers, with no VPS |
| Backtesting | Free and unlimited, on every account |
| Live trading | Free on 334 integrated brokers and 131 prop firms |
What actually costs money on AlgoBars
Every feature is free, on every account. No card. No trial. Nothing to cancel. Advanced AI tools are paid at compute cost, taken straight from your balance. Anything you write yourself, every backtest, every import and trading on integrated brokers stay free.
When Myfxbook AutoTrade may still suit you
Myfxbook is also known for its free, verified trading analytics. Copying any trader carries risk; check drawdown and history first.
Backtests you can trust
AlgoBars tests only use data from that moment. Orders fill on the next bar. So results show your rules, not hindsight. They show the raw price move, before spread and commission. You see how good the rules are on their own. Check each broker's spread with the broker spread map before going live.
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.
What does Myfxbook AutoTrade cost compared with AlgoBars?
Myfxbook AutoTrade: No separate fee; paid through broker spreads, commissions or markup, as published when checked. AlgoBars: $0 for every platform feature, on every account.
Is AlgoBars really free?
Yes. Every platform feature is free on every account, with no card and no trial clock. There are no plans, tiers or credits to buy.
Does AlgoBars charge for backtesting?
No. Backtests are free and unlimited on every account, on any market and timeframe AlgoBars has data for. Walk-forward analysis and Monte Carlo simulation are free too.
When is Myfxbook AutoTrade still a good choice?
Myfxbook is also known for its free, verified trading analytics. Copying any trader carries risk; check drawdown and history first.
More answers
Sources
Competitor terms change. Trading involves risk of loss.
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