Looking for a reliable MT5 trade copier? Here's an honest, side-by-side comparison of PerformanceLens and TradersConnect so you can decide which fits your setup.
*Using your own VPS
How the two platforms stack up across the features that matter most to active traders.
| Feature | TradersConnect | PerformanceLens |
|---|---|---|
| Cost | ||
| Per Account Price | $10/account/mo (Standard) $15/account/mo (Premium) |
Accounts included $5 per account extra |
| 3 Accounts | $30–$45/mo | $19/mo Trader tier |
| 10 Accounts | $100–$150/mo | $39/mo Elite tier |
| 15 Accounts | $150–$225/mo | $69/mo Quant tier |
| Free Trial | None | Yes, 7 days |
| Core Features | ||
| Web Dashboard | Full web dashboard Control your trade copying from the browser |
Full web dashboard Control your trade copying from the browser |
| Dedicated Server IP | $30/server/mo Additional monthly cost |
Free Included with subscription, using your VPS |
| iOS / Android Apps | Premium only | Included |
| Platform Support | ||
| MT5 Support | Restored Suspended mid-2025, now back |
Full support Built natively for MT5 |
| MT4 Support | Restored Suspended mid-2025, now back |
Coming soon |
| Architecture | ||
| How it works | Cloud API relay No local install needed |
EA on each account Signals via local files, config from cloud dashboard |
| VPS Required? | No Still need a VPS to run your algos |
Yes Both master and slave need connections |
| Copy Configuration | ||
| Lot sizing modes | 5 modes Fixed lot, lot multiplier, balance multiplier, fixed balance multiplier, fixed % risk |
3 modes Fixed multiplier, balance ratio, fixed lot override. Auto contract-size adjustment |
| Symbol mapping | Cross-platform mapping | Auto-suffix detection + manual overrides 13 built-in alias groups (NAS100/USTEC/US100, XAUUSD/GOLD, etc.) |
| Trade Recovery | None | Built-in recovery mode Auto-reopens missed trades with configurable max adverse pips and $ per lot thresholds |
| SL/TP copying | Pips only Copy SL/TP, fixed SL/TP, refinement in pips |
Pips-based SL/TP or use slave SL/TP engine Fixed SL/TP in $ or pips, SL/TP refinement (widen/tighten by pips) |
| Trade Filters | Magic number, comment, trade side, lot size | Magic number, manual trades toggle |
| 1-to-many copying | Supported Each slave gets independent config |
Supported Each slave gets independent config |
| Risk & Equity Protection | ||
| Equity protection | % drawdown, $ drawdown, $ floor, % profit, $ profit, $ ceiling Per pair configuration |
% drawdown, $ drawdown, $ floor, % profit, $ profit, $ ceiling Per pair configuration |
| Protection actions | Alert, disable copier, close copied, close all | Alert, disable copier, close copied, close all |
| Daily drawdown reset | Beta | Supported Resets tracking at start of each trading day |
| Dashboard & Monitoring | ||
| Real-time dashboard | Basic P&L | Full dashboard 6 KPI cards, pair status, open trades, failed trade tracking |
| Premium Analytics | $30/mo extra | Included 22+ metrics, equity curves, detailed account analytics |
| Trade Logs | Yes | Yes |
| Security | ||
| Data Confidentiality | Requires MetaTrader login credentials | Zero-knowledge solution E2E encryption (AES-256). No access to your MetaTrader accounts |
Feature details sourced from public documentation as of March 2026. "Not documented" means the feature was not found on the provider's website.
An honest look at what each platform does well and where it falls short.
TradersConnect charges per account. PerformanceLens includes unlimited copier accounts in a flat subscription.
Get professional-grade trade copying with PerformanceLens analytics built in.
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