Forex Social Trading for 2024
We found 11 online brokers that are appropriate for Trading Social Forex Investment Platforms.
Forex Social Trading Guide
Analysis by Andrew Blumer, Updated Last updated - April 23, 2024
Forex Social Trading
What is Forex Social Trading?
Social trading in the Forex market refers to a social platform that supports communication among working Forex traders in real-time. It is advantageous in allowing traders to exchange knowledge, and permits traders to copy and compare their methods, schemes, and trades with other traders.
In Forex social trading, the investment is executed mainly by copying and mirroring trades of successful and experienced traders. It sounds easy, but there is a lot to understand about Forex social trading before blindly copying the activities of others.
With the aid of one of the best social trading platforms available nowadays, novice traders can easily copy skilled traders. At the same time, those who are more experienced can improve their trading skills by choosing and subscribing to a Forex social trading platform that can be found in the market.
Social trading in the Forex market allows traders to learn trading tips from experienced traders and experts. It is the perfect way to understand the ins and outs of the Forex market.
Social trading in Forex has been present for several years. Still, it has grown in popularity because of Forex traders tend to rely on the experience and knowledge of more advanced investors. Furthermore, staying connected on the social platform is beneficial for the traders.
Most Forex traders use social trading platforms as a way to copy trades. However, traders should go beyond just copying trades in real-time. It helps traders learn new Forex trading strategies to learn trading tips and tricks from successful and experienced traders. A social trading platform can also help in improving the chance of winning and to execute better trades.
Before the advent of social trading, investors had to depend on technical or basic analysis to form their investment opinions. Through Forex social trading platforms, traders and investors can form their investment opinions with the help of social indicators from the trading data-feeds of other traders.
Forex Social Trading Explained
A Forex social trading platform refers to an online community where investors and traders meet and interact with each other. Social trading networks help traders to connect with each other and learn new trading strategies. The platforms allow the sharing of new ideas, tips and tricks with other members.
The social trading platforms also help Forex traders to educate themselves and copy the trades of other members directly into their own accounts.
How Forex Social Trading Works
Social trading is easy to pick up. The first thing that should be done is to select a reputable and reliable platform. It is important to note that the selected platform should allow copy trading from other members and has forums to facilitate the sharing of trading ideas. Once traders find a successful trader they want to emulate, they can select the profitable strategies and copy these.
Let us understand this concept with an example. Suppose a trader opened a EUR/USD trade. His trade is replicated automatically in the account of another trader. However, trader should not expect to have same account balance as experienced trader.
The best platform helps in scaling the bids of traders so that the budget will not be exceeded. Moreover, it should offer the copy trade feature based on the risk tolerance of a trader. Proportionate trades can also be opened based on the account balance.
Suppose a trader opens a trade of $10,000 and the account balance is less than half of the traded amount. This means the account is worth $5,000. Now, if the profit is $1,000, the trader will gain profits of $500 based on the proportion.
Passive Income
One of the benefits of Forex social trading is being able to earn passive income. Most traders can start earning before gaining the required experience.
Reliable Trading News Access
Forex social trading platforms also help in accessing reliable trading news and information. A small event can have a great impact on the trades which makes keeping track of these news regularly extremely important.
Twitter is one of the best platforms to keep a track of all the breaking news and information. It is highly versatile and users can comfortably discuss favourite currency pair and trading stocks. Therefore, it is a great networking platform and a perfect place to learn from seasoned traders.
Picking The Best Forex Social Trading Platforms
The best Forex social trading platforms permit traders to follow the trading patterns of other traders and to interact with them. Traders can be informed on the effectiveness of strategies by duplicating trades. Several of the best Forex social trading platforms consist of auto-trading, often known as copy trading. Through copy trading, investors can mirror or automatically duplicate the trades from other traders present on the platform in their trading account.
Forex social trading brokers exhibit a real-time ranking of other traders' achievements and activities directly on their websites to improve their rate of success. A few Forex social trading platforms, like the Sirix Social Network, permit traders to choose to follow a certain expert trader who has many other traders duplicating his/her trades. The skilled trader's followers open a new position when he opens one, thus increasing the trader's trading chances.
Since Forex social trading platforms rely on the ability to duplicate and follow several traders possible globally, the best Forex social trading platforms are usually those with the biggest social trading community for Forex traders. They will also have Forex brokers that are successful at copy trading since this would permit traders to carry out as many trades as possible at any available time. Furthermore, the capability to link order performances between many trading accounts is another characteristic that can elevate a social trader broker's rank.
Factors In Choosing Forex Social Trading Platform
Money Security
The security of your money is an essential factor to be concerned about as you choose a Forex social trading platform. The Forex broker you choose should also have the ability to keep your money in a separate account as a precaution.
Ease Of Use
Several Forex social trading platforms provide clients with the opportunity to experience social trading in a real environment. A demo account helps appraise the platform and help traders practice their skills without putting any real funds at risk. You will also need to ensure that customer support services are easily accessible and efficient. Bigger Forex social trading networks will offer more attention to customers, and they usually offer communication with their support staff when issues arise.
Financial Regulations
The social platform you choose should be regulated by a respectable governing agency. Such agencies include the Cyprus Securities and Exchange Commission (CySEC) in the EU or the NFA in the U.S.
Risk Management
One of the most important factors is risk management. A few Forex brokers provide risk management tools that give guidance on risk and methods to reduce or eliminate losses. These tools might be especially useful for beginner traders who have just started trading.
Track Record
Search for the track record of traders with a higher success rate. Forex social trading platforms usually offer thorough historical analyses and statistics of each trading group and traders to help you decide which trader is worthy to follow. Several Forex trading platforms also offer tools to choose traders depending on maximum drawdown, the return on investment, success rate, and pips earned.
Commissions And Fees
Management of commissions and fees are also important. The fee charged by any Forex social trading platform differ among various providers which will have their own commission plans and fee schedules.
Research Tools And Mobile App
Most traders might be satisfied with the basic functions of the platform, but it's always beneficial possess some tools if necessary. Two of the essential tools that several Forex brokers provide are the analysis features and the mobile app. It is essential to determine if the app supports the platform, as well as the effectiveness and variations of the analysis features.
Wide Variety of Assets
A good platform will also provide a wide variety of assets for traders to trade. Many traders choose to trade indices, precious metals, or currency pairs. It is important for the platform to allow traders to pick the size of their positions and their trading level, customize their interface, and set sell and buy limits.
Building Community
A social platform can help in building contacts within the trading community. It is a good place to make new contacts and share views, helping to build up a community of like-minded people.
Forex Social Trading Verdict
Social platforms have been gaining lots of popularity in recent years. Forex social trading is the newest concept of earning profits in the Forex industry, while gaining experience. Copying trades of successful and experienced traders help traders execute trades with minimum risk and simultaneously learn the strategies others.
Forex social trading is perfect for beginners and novice traders who need help with trading in the market. They can gain knowledge and understand the market by interacting with others and exchanging views. However, it is important to note that the Forex is highly volatile and speculative. Even the most experienced trader may not guarantee a profit. Therefore, it is better for beginner traders to keep the risk level low and within their capacity.
Forex Social Trading Verdict
Social trading in the Forex market has been steadily gaining popularity over the past few years due to the wide variety of benefits for traders. Not only is the copy-trading feature very advantageous to traders, but traders will also be able to communicate with each other over the platform, increasing the exchange of knowledge. However, to find a good social trading platform requires knowledge of the important characteristics to look for. Hence, this article has detailed these important characteristics that you should make sure to identify when engaging in social trading, to create a positive experience for you.
We have conducted extensive research and analysis on over multiple data points on Forex Social Trading to present you with a comprehensive guide that can help you find the most suitable Forex Social Trading. Below we shortlist what we think are the best Social Forex Investment platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex Social Trading.
Reputable Forex Social Trading Checklist
Selecting a reliable and reputable online Social Forex 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 Social Forex Investment Platforms more confidently.
Selecting the right online Social Forex Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Social Forex Investment Platforms broker has a solid track record of at least two years in the industry.
- Verify that the Social Forex Investment Platforms broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Social Forex Investment Platforms broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Social Forex Investment Platforms broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Social Forex Investment Platforms brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Social Forex Investment Platforms broker can hire staff from diverse locations worldwide who can communicate fluently in your local language.
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 Social Forex Investment Platforms in Our Brokerage Comparison Table
When choosing a broker for Social Forex Investment platforms trading, it's essential to compare the different options available to you. Our Social Forex Investment platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each Social Forex Investment platforms broker.
- The funding methods available for Social Forex Investment platforms with each broker.
- The types of instruments you can trade with each Social Forex Investment platforms broker, such as forex, stocks, commodities, and indices.
- The trading platforms each Social Forex Investment platforms broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each Social Forex Investment platforms broker affects the cost of trading.
- The level of customer support each Social Forex Investment platforms broker offers, including their availability, responsiveness, and quality of service.
- Whether each Social Forex Investment platforms broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a Social Forex Investment platforms broker that best suits your needs and preferences for Social Forex Investment platforms. Our Social Forex Investment platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Social Forex Investment Platforms of 2024 compared
Here are the top Social Forex Investment Platforms.
Compare Social Forex Investment platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Social Forex Investment platforms broker, it's crucial to compare several factors to choose the right one for your Social Forex Investment platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Social Forex Investment platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Social Forex Investment platforms that accept Social Forex Investment platforms clients.
| Broker |
IC Markets
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eToro
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Pepperstone
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AvaTrade
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FP Markets
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FXPrimus
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forexmart
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ETX Capital
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ovalx
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BlackBullmarkets
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teletrade
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| 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) | Financial Conduct Authority (FCA) | Financial Services Providers Register (FSPR), FSPR number: FSP403326 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
| Min Deposit | 200 | 100 | 200 | 100 | 100 | 100 | 1 | 100 | 100 | 200 | 100 |
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| Used By | 180,000+ | 30,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 50,000+ |
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| 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 | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps | MT4,MT5,mac,Android.iPhone/iPad | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with etoro |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with fxprimus |
Sign
Up with forexmart |
Sign
Up with etxcapital |
Sign
Up with ovalx |
Sign
Up with blackbullmarkets |
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Up with teletrade |
| 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 | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Your capital is at risk |
| Demo |
IC Markets Demo |
eToro Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
FXPrimus Demo |
ForexMart Demo |
ETX Capital Demo |
Ovalx Demo |
BlackBull Markets Demo |
TeleTrade 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 | US, BE, CA , SG, BE | US, BE, CA , SG, BE | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL | KR,IR |
All Social Forex Investment platforms in more detail
You can compare Social Forex 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 Social Forex Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Social Forex Investment platforms below.
Forex Social Trading Table of Contents
- Forex Social Trading Explained
- 6 Factors to Consider when Choosing Forex Social Trading
- Are Your Forex Social Trading Trusted And Established?
- Are The Forex Social Trading World Leading?
- What are the Forex Social Trading Commissions and Fees?
- What are the Forex Social Trading Funding and Withdrawl Methods?
- Find Forex Social Trading with Round-the-clock support?
- Make sure the Forex Social Trading Offer Comprehensive Trader resources?
- Why Forex Social Trading needs to be regulated?
- Forex Social Trading FAQ
- What are the best Social Forex Investment platforms brokers?
- What is the best Social Forex Investment platform broker?
- Related Forex Social Trading Reviews
- Related Forex Social Trading Alternatives
- Related Forex Social Trading Comparisons
Forex Social Trading Explained
Trading volatile financial markets with Forex Social Trading can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Forex Social Trading to ensure a successful trading experience.
Selecting Forex Social Trading at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Forex Social Trading markets effectively.
Reliability is key to gaining access to financial markets. Look for Forex Social Trading that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Forex Social Trading confidently.
6 Factors to Consider when Choosing Forex Social Trading
Follow these five rules for selecting Forex Social Trading that are right for you:
Are Your Forex Social Trading Trusted And Established?
Search for a reputable Forex Social Trading with a extensive proven track record for Forex Social Trading, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Forex Social Trading broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is eToro.
eToro was established 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
|
eToro
|
Pepperstone
|
AvaTrade
|
FP Markets
|
FXPrimus
|
forexmart
|
ETX Capital
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2007 | 2010 | 2006 | 2005 | 2009 | 2015 | 2002 |
| Head Office | Australia | Cyprus, UK | Australia | Ireland | Australia | Cyprus | Cyprus | UK |
| 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) |
| Used By | 180,000+ | 30,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Guaranteed Stop Loss | No | No | No | No | No | No | Yes but 10% | Yes |
| Learn More | Visit IC Markets | Visit eToro | Visit Pepperstone | Visit AvaTrade | Visit FP Markets | Visit FXPrimus | Visit ForexMart | Visit ETX Capital |
| 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 | Losses can exceed deposits |
Are The Forex Social Trading World Leading?
Opt for Forex Social Trading that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Forex Social Trading is eToro. eToro Segregates clients funds and offers over 5000 instruments.
| Broker |
IC Markets
|
eToro
|
Pepperstone
|
AvaTrade
|
FP Markets
|
FXPrimus
|
forexmart
|
ETX Capital
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 5000 | 1200 | 1250 | 290 | 130 | 111 | 100 |
| 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 | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps |
| 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, 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, MG, MK, 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 | US, BE, CA, SG, BE |
| Forex pairs offered | 61 | 50 | 70 | 55 | 70 | 45 | 100 | 60 |
| Forex pairs offered | 61 | 50 | 70 | 55 | 70 | 45 | 100 | 60 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| Commodities Offered | 20 | 31 | 16 | 17 | 18 | 0 | 0 | 16 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| Stocks Offered | 2100 | 2042 | 1100 | 1000 | 10000 | 60 | 53 | 5000 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | No | No | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | No | No | No |
What are the Forex Social Trading Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Forex Social Trading broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Forex Social Trading broker eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. eToro minimum deposit is 100. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
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eToro
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Pepperstone
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AvaTrade
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FP Markets
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FXPrimus
|
forexmart
|
ETX Capital
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|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 100 | 200 | 100 | 100 | 100 | 1 | 100 |
| Withdrawl Fees | No | Yes | No | No | No | Varies | 5 | No |
| Inactivity Fees | No | Yes | No | No | No | No | No | Yes |
| Deposit Fees | Varies | No | No | No | Yes | Varies | Yes | No |
| CFD Commission Fees | Yes | Yes | Yes | No | Yes | No | Yes | Yes |
What are the Forex Social Trading Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Forex Social Trading. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Forex Social Trading.
| Broker |
IC Markets
|
eToro
|
Pepperstone
|
AvaTrade
|
FP Markets
|
FXPrimus
|
forexmart
|
ETX Capital
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | Yes | No | No | No |
| Skrill | Yes | Yes | Yes | No | Yes | No | Yes | No |
| Payoneer | No | No | Yes | Yes | No | Yes | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Forex Social Trading with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Forex Social Trading.
Forex Social Trading customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Forex Social Trading can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro support a wide range of languages including English, German, Spanish, French, Italian
IC Markets and eToro offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
eToro
|
Pepperstone
|
AvaTrade
|
FP Markets
|
FXPrimus
|
forexmart
|
ETX Capital
|
|---|---|---|---|---|---|---|---|---|
| Support |
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, German, Spanish, French, Italian | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, French, Spanish, German, Polish, Czech, Greek and Mandarin |
| Learn More | Visit IC Markets | Visit eToro | Visit Pepperstone | Visit AvaTrade | Visit FP Markets | Visit FXPrimus | Visit ForexMart | Visit ETX Capital |
| 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 | Losses can exceed deposits |
Make sure the Forex Social Trading Offer Comprehensive Trader resources?
It's important to ensure your Forex Social Trading provide complimentary resources such as analysis, education, and risk management tools. IC Markets and eToro collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Forex Social Trading. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Forex Social Trading.
Why Forex Social Trading needs to be regulated?
Regulated Forex Social Trading lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Forex Social Trading.
Consumers are protected by Forex Social Trading regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Forex Social Trading is necessary to prevent fraud. The Forex Social Trading working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Forex Social Trading is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Forex Social Trading List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
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.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,WEB,desktopCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Binary, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Binary, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,MT5,mac,Android.iPhone/iPadCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android)Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits