Group Accounts — Documentation

What is a group account?

A group account is a collection of pseudo accounts. A pseudo account is just a pointer to your real trading account. So a group account is, in effect, a collection of trading accounts.

Group accounts are available only to manual traders and portfolio managers who use the AutoTrader Web website. They are not available for automation API users.

Why use group accounts

Portfolio managers can manage hundreds of trading accounts easily.
You can group accounts by client profile (for example HIGH_PROFILE, LOW_PROFILE) or by category (for example EQUITY, DERIVATIVES, COMMODITY).
You can copy a single order across different account groups. You can also set a different quantity per group (optional).
You can square off an entire group in a single click.

How to create a group account

If you are a new user, first add your trading accounts.
Open your group accounts. Menu: Accounts -> Group Accounts.
Click the Create button to start a new group.
Give the group a name and a description.
The screen shows your available pseudo accounts. Click the (+) button to add an account to the group.
To remove an account, click the (-) button.
Click Save to save the group.

Demo video

Screenshots

Create Group Account

Frequently asked questions

How are group accounts different from master accounts?▾

They belong to two different copy methods, and both copy your order automatically — you never re-enter it in each account by hand. A group account is part of PMS copy: you bundle several accounts together once, then place an order to that group in our terminal and it goes to every account in the group in a single click. A master account is part of master-child copy: you trade only the master account (in our terminal, on your broker's own terminal, or from an algo) and the order is copied to the child accounts in the background. So a group is something you trade into on demand, while a master account keeps copying on its own. You can use both together — for example, run master-child for background copying, and still use the PMS dashboard and your groups to monitor and place custom trades into the same accounts.

Do I have to place the order separately in each account of a group?▾

No. That is the whole point of a group. You place the order once and pick the group, and the system copies it to every account in the group at the same time. You can also give the group a quantity multiplier so each account's quantity is sized automatically.

Is creating a group a one-time task?▾

Yes. You set up a group once from Accounts -> Group Accounts. After that it is ready whenever you trade — you just select it while placing an order. You can edit the group later to add or remove accounts.