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How to Choose Copy Trading Software in India (2026 Checklist)
Rishi Ajmera · · Last updated
Copy trading software places an order once in your main (master) trading account and copies it into the other accounts you link (child accounts). If you trade more than one demat account, it saves you from placing the same order again and again. This checklist covers the 10 things to check before you choose one.
What copy trading software does
You trade normally in your master account. The software watches that account and, the moment an order is placed, sends the same order to every linked child account — sized by that account's own multiplier. Modifications, cancellations and exits are copied the same way. It is technology for placing your own orders; it does not decide what to trade.
The 10-point checklist
| What to check | Question to ask | Why it matters |
|---|---|---|
| 1. Cross-broker copying | Can the master and child accounts be at different brokers? | Many traders hold accounts at more than one broker. |
| 2. Per-account multiplier | Can each child account have its own quantity multiplier? | Accounts differ in size, so one fixed quantity rarely fits all. |
| 3. Order coverage | Are new orders, modifications, cancellations and exits all copied? | A copy that only covers new orders leaves child accounts out of step. |
| 4. Segment and product control | Can you choose which segments (equity, F&O, MCX) and product types each account copies? | Some accounts should copy only part of what the master trades. |
| 5. Per-account risk limits | Can you set limits for each account separately? | Each account owner may want different limits. |
| 6. Freeze-limit handling | Does it split F&O orders that are above the exchange freeze quantity? | Large orders above the freeze limit are otherwise not accepted by the exchange. |
| 7. Rejection handling and logs | Does it show which child orders were rejected and why, with logs and alerts? | You should always know the status of every account. |
| 8. Where it runs | Does it run on your own PC or your own cloud server? | Your broker logins stay on a machine you control. |
| 9. Static IP for every account | Does it support a registered static IP for the master and for each child account? | SEBI's retail algo rules require API orders to come from a static IP registered with the broker. |
| 10. Support and free trial | Is there human support, a free trial and clear pricing (+ GST)? | You can check that it fits your setup before you pay. |
Each point in a little more detail
1. Cross-broker copying
Check whether the master and the child accounts can sit at different brokers, and look at the software's supported-brokers list for every broker you use. MyAlgoMate keeps a list for each product — see the Copy Trading Software supported brokers.
2. Per-account multiplier
A multiplier sets how many units each child account takes for every unit in the master. A larger account can take twice the master's quantity, a smaller one half. Make sure you can set it per account and change it later.
3. Order coverage
Placing the first order is only part of the job. Check that modifications, cancellations and exits in the master are copied too, so every account stays in step with the master.
4. Segment and product control
You may want one account to copy only F&O, or only intraday orders. Look for a setting per account that chooses segments and product types.
5. Per-account risk limits
Risk limits are settings you choose for each account — for example, a limit after which that account stops taking new copied orders. They are your settings; the software simply applies them.
6. Freeze-limit handling
Exchanges cap the quantity of a single F&O order (the freeze quantity). When a multiplier pushes a child order above that cap, the software should split it into smaller orders automatically.
7. Rejection handling and logs
A broker can reject an order for reasons such as margin or a closed instrument. Good software shows exactly which account was affected and why, keeps a log, and alerts you so you can act.
8. Where it runs
Find out where the software actually runs. MyAlgoMate's desktop software runs on your own Windows PC or your own Windows cloud server (VPS), so your broker logins stay on your machine and are never on a shared server running other people's accounts.
9. Static IP for every account
Under SEBI's retail algo-trading rules, Indian equity brokers accept API orders only from a static IP registered with the broker. In copy trading this applies to every account — the master and each child account needs its own registered static IP. MyAlgoMate's Virtual Trading Environment gives each trading account a dedicated static IP, and the static IP checker shows the IP your machine is using.
10. Support and free trial
Check that real people answer your questions, that there is a free trial, and that prices are clear and shown plus GST. Broker API fees, where a broker charges them, are billed by the broker separately.
How MyAlgoMate Copy Trading Software fits this checklist
- Copies orders from one master account to every linked child account, at the same or a different broker.
- A multiplier for each child account, with per-segment and per-product control.
- Copies modifications, cancellations and exits, splits orders above the freeze limit, and shows rejections with logs and alerts.
- Per-account risk limits that you set.
- Runs on your own Windows PC or your own Windows cloud server (VPS).
- A 7-day free trial and human support on WhatsApp.
See the full feature list and current plans on the Copy Trading Software page, or follow the user guide for step-by-step setup.
Setting up a particular broker? Each one has its own step-by-step guide, for example Angel One copy trading and Zerodha copy trading. The copy trading guides by broker cover the rest.
Before you start
MyAlgoMate is a technology provider. The software places the orders you set up; it gives no trading tips, calls or advice, and all trading decisions and their risks are your own. Trading in securities is subject to market risk — read the risk disclosure before you begin.
FAQ
What is copy trading software?
Software that copies the orders you place in your master trading account into the other accounts you link (child accounts), with each child account's quantity set by its own multiplier.
Can the master and child accounts be with different brokers?
Yes. With MyAlgoMate Copy Trading Software the master and child accounts can be at the same or different brokers. Check the supported-brokers list on the product page for the brokers you use.
Does every child account need its own static IP?
Yes. Under SEBI's retail algo-trading rules, every account — the master and each child account — needs its own static IP registered with its broker. MyAlgoMate's Virtual Trading Environment provides a dedicated static IP for each trading account.
Where does the software run?
On your own Windows PC or your own Windows cloud server (VPS). Your broker logins stay on your machine.
Can I use it for my clients' accounts?
From the software side there is no restriction on which accounts you link. MyAlgoMate is a software developer and provides the technology only — whether managing other people's accounts falls under SEBI regulations (for example, registration requirements) is for you to check with SEBI or your own compliance adviser.
Is there a free trial?
Yes — a 7-day free trial. Use the “Start 7 days free trial” button on the Copy Trading Software page to begin.