We found 11 online brokers that are appropriate for Trading Copy Forex Brokers.
Several stock trading, and Forex social trading, platforms provide the choice of copy trading. 'Copy Trading', as the name implies, permits you to duplicate the positions by other traders directly, and link a section of your portfolio with theirs. By connecting your profile with another trader's, you duplicate all of the actions performed and their present positions in the market. For example, you open a new trade at the same time they do. If they lose, you lose; if they close, you close, and so on.
This does not imply that you do not possess any authority over the results. In several platforms, after you have created a link, you still possess the capability to open trades, close trades, and at the same time, moderate the total result. Nevertheless, by duplicating other traders, you can earn money more easily depending on their skills.
How copy trading is carried out is different on various platforms. Nonetheless, the fundamental principle remains the same. You choose to invest a portion of your portfolio in a specific trader, and duplicate all their trades using the percentage-based method. In the case of diversification, several platforms will not permit you to put more than twenty percent of the portfolio to be managed in a single trader. This is an excellent policy because, at times, traders may hit a bad streak and are really more skilled than they seem.
Copying a stock, or a Forex, trader may seem like the perfect method to gain knowledge of how to begin trading. Although, various people possess different learning methods, so it might not be ideal for everyone. It is however, advantageous for novice traders to use for practicing and gaining experience.
If you are well-informed on how to choose a trader correctly, when the trader succeeds, you will also succeed. If you choose an excellent, talented, or skilled trader, you should be able to earn a lot, depending on their trades. On the other hand, a wrong choice may result in large losses. You will always encounter a risk. Unfortunately, it is not simple to copy a trader and expect the bank to inform you that you have become successful. With that in mind, there are still several advantages. The first being that, if you are skilled at reading profiles, you can become part of the several traders who build portfolios 'based on people'.
This implies that you are investing in the people, not necessarily in Forex or stocks. If every trader chosen is excellent and frequently generates a profit, you will automatically be doing the same. The issue with this is that it is difficult to create, and also needs your total attention. A few traders may incur losses, and at times it is best to close the whole thing down before you lose everything. The benefit here is that you do not need to study basic or technical analysis.
If you are excellent at reading profiles, you may be able to earn money. But that does not mean you do not have to rely on the traders to earn your income. You can follow their steps, try to predict their moves, learn from them, and make use of them using the educational method. You can also attain this by using a demo account until you are familiar with the workings of the trade, and then begin trading with real money. Study and learn as much as possible, if you are truly interested in becoming an excellent trader.
Even if copying a trader seems excellent, there are still some possible side effects. Firstly, it might build unrealistic expectations. Several of these platforms possess a 'Top X Section' (here, X symbolizes a number), where the top traders can be seen. Novice traders may find that these top traders will surely generate reasonable profits in a matter of days, just because they are at the top of the ranks. Unfortunately, this is not always true, and several traders are left broke or disappointed. It is advisable not to fall victim to the trap of building unrealistic expectations. Constantly be informed that excellent risk management is always an advantage.
Other issues may also occur, apart from the unimaginable expectations. If you are copying traders, you may start getting lazy, thinking that it is not bad for you to just sit back and relax. This is not the kind of behavior you can permit in trading, as the market is frequently changing, and you are required to change with it. Today's winners may be tomorrow's losers, so you need to ensure that you do not become a loser with them due to your laziness in noticing that you are incurring losses. Simultaneously, making the wrong choice can allow you to incur huge losses. If necessary, do not rely heavily on the stats, and evaluate the trader by first making use of your demo account.
Forex Copy Trading is excellent for novice traders. It permits them to delve into the complicated field of finances, and possibly generate some profits. Even if you incur a loss, your whole portfolio won't go to waste unless you put all your funds into a losing trader. Although, there are no absolute assurances. It is an excellent way to trade, because you can see the decisions that are made and follow the statistics. You can try to comprehend the reason behind their every action and gain helpful experience and skills from it.
We have conducted extensive research and analysis on over multiple data points on Copy Forex to present you with a comprehensive guide that can help you find the most suitable Copy Forex. Below we shortlist what we think are the best Copy Forex Brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Copy Forex.
Selecting a reliable and reputable online Copy Forex Brokers trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Copy Forex Brokers more confidently.
Selecting the right online Copy Forex Brokers trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Copy Forex Brokers trading, it's essential to compare the different options available to you. Our Copy Forex Brokers brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Copy Forex Brokers broker that best suits your needs and preferences for Copy Forex Brokers. Our Copy Forex Brokers broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Copy Forex Brokers.
Compare Copy Forex Brokers brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Copy Forex Brokers broker, it's crucial to compare several factors to choose the right one for your Copy Forex Brokers needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Copy Forex Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Copy Forex Brokers that accept Copy Forex Brokers clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with avatrade |
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Up with fpmarkets |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Copy Forex Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Copy Forex Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Copy Forex Brokers below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.