We found 11 online brokers that are appropriate for Trading Forex Copy Trade Brokers.
The term itself is self-explanatory and refers to a trading activity in which trades are copied from one account to another. Individuals can participate in the financial markets through copy trading without trading themselves. Instead, their trades are opened and managed by other experienced individuals.
There is another term called mirror trading, in which one can copy the strategy of others. But in copy trading, a person usually has more control, such as allocating a portion of their funds towards the investor they want to copy. It means that any action performed in the strategy account will be copied into the copier account, such as an opening position, closing position, setting TP, setting SL, etc.
The money made on the strategy and copier accounts can differ. It will depend on the account equity difference between the two and the different settings which the copier account has set up.
Unlike handing over your money to someone else, the investor always retains control of their funds as it stays in their trading account. The investor can even pull the plug and stop receiving the trades from the strategy account. Another thing they can do is to change the settings of the trade copying they have set up.
When one copies a strategy account, they usually retain the ability to trade for themselves as well. As long as the strategy account is not using a major portion of the investor's funds, they can trade for themselves or even manage the copied trades.
The copied investors are also called strategy providers, signal providers, or leaders. These individuals are compensated in subscription fees or a performance fee to allow others to copy their trades. Depending on the broker and platform, the strategy providers can also earn rebates through the trading transactions.
This system is set up to ensure that trades are copied from one account to another. Through this process, everyone can benefit, such as the investor, strategy provider, and even the platform.
The era of copy trading has made it possible and even given rise to a new investment portfolio called a signal portfolio or portfolio based on people. In these portfolios, the followers retain control of their equity as the funds never reach the signal provider's accounts.
The signal providers only act to send trade directions to the platform. From there, these trade instructions are automatically carried out in the copier's account. Depending on how long a person wants to copy a provider, they can decide when to stop the copying.
Trade copiers differ a little bit from copy trading platforms. These trade copiers are usually software or tools which allow one to copy trades from one account to another.
How Trade Copiers Work
Let's assume you have two accounts and want to replicate the trading activity from one account to your second one. You can rent out a VPS (virtual private server) and run both of these accounts on that server. You will also run a trade copier and connect these accounts to it.
After setting up the trade copier options, the tool can start to automatically copy trades from one account to another based on the provided input. Sometimes, even signal providers can use the trade copier tools to avoid using social trading or copy trading platforms. In this case, you have to provide the account login info to the strategy provider, which can be risky considering you are providing direct access to your account. On the other hand, copy trading platforms never share your account info such as user, pass, or login ID with the strategy providers.
If you want to copy trades from one account to another, you can use the trade copier tool. However, always check the settings of the trade copier tool by connecting two demo accounts instead of starting with a real one. This way, you can ensure that you have properly set up the trade copier. Starting directly with real accounts may cause you financial loss, which demo accounts can easily avoid.
Copy-trading and trade copiers are different concepts, but on a broader scale, they are the same thing as they allow trades to be copied. The application of these concepts is different and carry their own set of benefits and drawbacks as well.
As always, one should remember that trade copying or trade copiers carry a significant risk of loss which is common in any form of trading activity as well.
We've collected thousands of datapoints and written a guide to help you find the best Forex Trade Copiers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best Forex Copy Trade Brokers below.
There are a number of important factors to consider when picking an online Forex Copy Trade Brokers trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Forex Copy Trade Brokers.
Compare Forex Copy Trade Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Forex Copy Trade Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex Copy Trade Brokers that accept Forex Copy Trade Brokers clients
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IC Markets
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eToro
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Roboforex
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AvaTrade
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XM
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XTB
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Pepperstone
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FP Markets
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Trading212
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NordFX
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Plus500
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, 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) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | 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), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules |
Min Deposit | 200 | 10 | 1 | 100 | 5 | No minimum deposit | 200 | 100 | 1 | 1 | 100 |
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Used By | 180,000+ | 27,000,000+ | 10,000+ | 300,000+ | 3,500,000+ | 250,000+ | 89,000+ | 10,000+ | 15,000,000+ | 10,000+ | 15,500+ |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Up with plus500 |
Risk Warning | Losses can exceed deposits | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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. | 74% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | 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. | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
Demo |
IC Markets Demo |
eToro Demo |
Roboforex Demo |
AvaTrade Demo |
XM Demo |
XTB Demo |
Pepperstone Demo |
FP Markets Demo |
Trading 212 Demo |
NordFX Demo |
Plus500 Demo |
Excluded Countries | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | 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, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, | US, JP | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, IL, KR, IR, MM, CU, SD, SY | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AR, 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, UY, VU, VG, EH, YE, ZW | US, JP, NZ | US, CA | US, CA, EU, RU, SY, KP, CU | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE |
You can compare Forex Copy Trade 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 Forex Copy Trade Brokers for 2022 article further below. You can see it now by clicking here
We have listed top Forex Copy Trade 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. 67% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
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.