Copy Trade Platform for 2024

We found 11 online brokers that are appropriate for Trading Copy Trade Platform Investment Platforms.

Copy Trade Platform Guide

Analysis by Andrew Blumer, Updated Last updated - April 21, 2024

Copy Trade Platform

Copy trade platform is the talk of the town among beginners and novice traders. Copy trade platform is like a blessing to such traders who have little or no knowledge of trading. Copy trade platform also is the best way to potentially make money in the financial market without having past experience.

In this article titled Copy Trade Platform, we will discuss sub-topics like whether copy trading is legal, how it works, why to copy a trade, how to choose a copy trade platform and more.

Copy Trading Legality

In most countries it is legal. But it is always suggested to get the service from a regulated broker. Traders need to check with their respective countries for the legality and local authority registration of the broker.

How Copy Trading Function

In simple terms, it is copying the trading strategy of a peer or expert trader. This means when the peer opens a trade, a person who is willing to copy should also open the same trade. It can be done either manually or automatically. If the original trade makes a profit, the person copying also makes a profit. The same goes with the losses. However, the output is in proportion and any volume can be invested.

Why To Copy Trade

There are several reasons to copy the trade of others. Below are some of the significant ones:

Time Saving

Copying trades save time as most of the trades automate it to avoid manual trading. This means any layman with basic knowledge of trade can copy and earn money without spending time to learn strategies and undergo manual trading.

Education

Copying trades also help with learning the strategies that work. Some don't understand why certain strategies work and why others don't. Countering ideas pave the way to becoming an expert.

Global Market Access

A trader may not be an expert in all the markets. With copy trade, he can take advantage of global markets. He gets exposure to various financial markets and gains knowledge of the markets.

Diversification

Diversification reduces the risk and copy trading is one of the best ways to diversify a portfolio.

Copy Trading vs Social Trading vs Mirror Trading

Social Traing

It is best for beginners and novice traders who want to learn and invest through interaction with peers or experienced traders. It is done through sharing technical analysis or strategies. The drawback here is that one has to monitor the market constantly and decide on the trade trends of an individual.

Copy Trading

Copy trading is done through software and the trade positions of others are copied automatically. This process is best for people who have less time to concentrate on their trading part.

Mirror Trading

It is mirroring the trading of a strategy and it is an ideal method of copy trading as artificial intelligence and big data are involved. The accuracy data of mirror trading is much better than the other two discussed here.

Choosing Copy Trade Platform

It is important to choose the perfect copy trade platform. A wrong choice may ruin the chances of earning an expected profit. Below are some of the factors to consider while choosing a trade platform:

Regulation and Security

It is important to understand that the broker who is offering the copy trade platform should be a regulated broker.

Quantity, Quality of Copy

It is important to know the number of traders one can copy. If the range is wide, the chance of copying the perfect trader are higher.

Transparency

The platform should allow for in depth understanding, assessing and analysing of the strategies of traders before one actually makes any copies of the trades.

Finding Winning Traders

Most of the platforms offer the highest ROI and this makes it easier to find the winning traders.

Copy Trade Platform Verdict

Copying of trades is gaining popularity and gradually more investors are taking the help of such platforms to earn money from the financial markets. The feature is one of the newest in the industry and most of the brokers are offering the service. With the advancement of technology, specifically including artificial intelligence, the accuracy level of copy trading has increased.

In this article titled Copy Trade Platform, we discussed the topic in brief but covered some of the significant factors. Beginners and novice traders are always encouraged to start with copy trading as it requires less knowledge and experience to open winning trades.

However, it is also suggested to consider copy trading seriously as it is a good way to learn the strategies of trading from experts without spending money or losing money.

We have conducted extensive research and analysis on over multiple data points on Copy Trade Platform to present you with a comprehensive guide that can help you find the most suitable Copy Trade Platform. Below we shortlist what we think are the best Copy Trade Platform Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Copy Trade Platform.

Reputable Copy Trade Platform Checklist

Selecting a reliable and reputable online Copy Trade Platform Investment Platforms 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 Trade Platform Investment Platforms more confidently.

Selecting the right online Copy Trade Platform Investment Platforms 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.

Compare Key Features of Copy Trade Platform Investment Platforms in Our Brokerage Comparison Table

When choosing a broker for Copy Trade Platform Investment Platforms trading, it's essential to compare the different options available to you. Our Copy Trade Platform Investment Platforms 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 Trade Platform Investment Platforms broker that best suits your needs and preferences for Copy Trade Platform Investment Platforms. Our Copy Trade Platform Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Copy Trade Platform Investment Platforms of 2024 compared

Here are the top Copy Trade Platform Investment Platforms.

Compare Copy Trade Platform Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Copy Trade Platform Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Copy Trade Platform Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are Copy Trade Platform Investment Platforms. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more Copy Trade Platform Investment Platforms that accept Copy Trade Platform Investment Platforms clients.

Broker IC Markets eToro Pepperstone AvaTrade FP Markets FXPrimus forexmart coinbase binance ETX Capital Ayondo
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) 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 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), Markets In Financial Instruments Directive (MiFID) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA) Unregulated Financial Conduct Authority (FCA) Financial Conduct Authority (FCA)
Min Deposit 200 100 200 100 100 100 1 100 100 100 1
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 30,000,000+ 400,000+ 300,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Low min deposit
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Low min deposit
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Mini account
  • Standard account
  • Managed account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android 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, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4,WEB,desktop iPhone/iPad,iOS, Desktop,Android,iPhone/iPad,Mac MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps Web Trader,
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
icmarkets
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etoro
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pepperstone
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avatrade
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fpmarkets
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fxprimus
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forexmart
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coinbase
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binance
Sign Up with
etxcapital
Sign Up with
ayondo
Risk Warning Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. 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 Losses can exceed deposits Your capital is at risk Your capital is at risk Your capital is at risk Losses can exceed deposits Losses can exceed deposits
Demo IC Markets
Demo
eToro
Demo
Pepperstone
Demo
AvaTrade
Demo
FP Markets
Demo
FXPrimus
Demo
ForexMart
Demo
Coinbase
Demo
Binance
Demo
ETX Capital
Demo
Ayondo
Demo
Excluded Countries US, IR, CA, NZ, JP 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, 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 AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. RU RU RU US, BE, CA , SG, BE US, CA


All Copy Trade Platform Investment Platforms in more detail

You can compare Copy Trade Platform Investment Platforms 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 Trade Platform Investment Platforms for 2024 article further below. You can see it now by clicking here

We have listed top Copy Trade Platform Investment Platforms below.

Copy Trade Platform List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
eToro
(4/5)
Min deposit : 100
Visit eToro Try a Demo Read review

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.

eToro was established in 2007 and is used by over 30000000+ traders. 76% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by 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
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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)
FXPrimus
(3/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
forexmart
(3/5)
Min deposit : 1
ForexMart was established in 2015 and is used by over 10000+ traders. Your capital is at risk ForexMart offers Forex trading, CFD trading, Social trading, Share Dealing, Crypocurrency trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,WEB,desktop

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
coinbase
(3/5)
Min deposit : 100
Coinbase was established in 1989 and is used by over 10000+ traders. Your capital is at risk Coinbase offers Forex trading, CFD trading, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

iPhone/iPad,iOS,

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
binance
(3/5)
Min deposit : 100
Binance was established in 2011 and is used by over 10000+ traders. Your capital is at risk Binance offers Forex trading, Spread Betting, Social trading, .

Funding methods

Bank transfer Credit Card Paypal

Platforms

Desktop,Android,iPhone/iPad,Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
ETX Capital
(3/5)
Min deposit : 100
ETX Capital was established in 2002 and is used by over 10000+ traders. Losses can exceed deposits ETX Capital offers Forex, CFDs, Spread Betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Ayondo
(3/5)
Min deposit : 1
Ayondo was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits Ayondo offers Forex, CFDs, Social Trading, Binary Options.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader,

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)

Learn more Learn more about IC Markets.
Losses can exceed deposits
TRADE NOW Try IC Markets today
Losses can exceed deposits