We found 11 online brokers that are appropriate for Trading Social Copy Trading.
Social copy trading brokers usually help clients in placing the best Stock, Forex, commodities and index trades of successful professional investors. Using the social copy trading platforms a traders trade can be copied in real-time.
According to social trading brokerages, the term copy trading is also commonly referred to as auto trading, mirror trading or social trading. copying of trades is simple and possible due to the advancement in technology.
Social copy trading brokers play important roles in replicating trades for stock, forex, commodity and index traders. The technology to allow copying of trades in relatively new. The technology has not always been available, the act of automatically copy trading or mirror trading was not possible.
Even if such a copying trade technology existed, it would have been considered something like a managed account that needed monitoring.
Social trading brokers then had to have a power of attorney.
In some cases, traders used to continuously monitor the trading activities of experts and thereafter copy those manually.
However, currently, social copy trading brokers adapt quickly to the evolution of copy trading and mirror trading technology. Most global jurisdictions consider social copy trading as self-directed and traders are free to copy any trade as per their own choice.
Here it is important to take note that all trading platforms do not offer these features. So, traders who are interested in copy and mirror trading need to check and compare what their shortlisted social trading brokerages offer.
Many jurisdictions across several countries have legalized copy trading along with several regulated social copy trading brokers. Ensure the platforms offered feature copy trading and that all social copy trading brokerages you register with are regulated by a major EU economy like the UK or Germany. If they don't make sure your social copy trading broker has strict regulation in your local country.
Something to be aware of is that all the investments in can fall as well as rise. Copy trading types of trades are no different.
With the help of social copy trading brokers, traders can assess trading activities of experts in real-time which are making a profit and mirror it with the aim to make money simultaneously.
However, all the traders who copy trading do not make a profit. Some may lose money and so it is suggested to invest only what one is willing to lose.
It is true copy trading can also runs into losses. To avoid failed trades, educate yourself and learn as much as you can before risking money. Open multiple demo accounts with many social trading brokers. This will give you the chance to experience all of the different broker platforms and gain experience without risking real money.
It is important to understand how the copy trading technology works.
It is also essential to learn which profitable trading of experts to follow in real-time. Social copy trading brokers help clients with all such tips so that traders can make money with the so-called mirror trading or auto trading.
Check your social trading brokerages have the following:
The first is whether they are well regulated by local or international regulatory authorities and the other is that the trading platform, which needs to be safe and secure.
We have conducted extensive research and analysis on over multiple data points on Social Copy Trading to present you with a comprehensive guide that can help you find the most suitable Social Copy Trading. Below we shortlist what we think are the best social copy trading after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Social Copy Trading.
Selecting a reliable and reputable online Social Copy Trading 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 Copy Trading more confidently.
Selecting the right online Social Copy Trading 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 social copy trading trading, it's essential to compare the different options available to you. Our social copy trading 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 social copy trading broker that best suits your needs and preferences for social copy trading. Our social copy trading broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Social Copy Trading.
Compare social copy trading brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a social copy trading broker, it's crucial to compare several factors to choose the right one for your social copy trading needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are social copy trading. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more social copy trading that accept social copy trading clients.
Broker | IC Markets | eToro | Pepperstone | AvaTrade | FP Markets | FXPrimus | forexmart | coinbase | binance | ETX Capital | UFX |
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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) | Cyprus Securities and Exchange Commission (CySEC) |
Min Deposit | 200 | 100 | 200 | 100 | 100 | 100 | 1 | 100 | 100 | 100 | 500 |
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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+ | 10,000+ |
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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, 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 | MT4, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with forexmart |
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Up with ufx |
Risk Warning | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 74-89 % 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 | Your capital is at risk |
Demo |
IC Markets Demo |
eToro Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
FXPrimus Demo |
ForexMart Demo |
Coinbase Demo |
Binance Demo |
ETX Capital Demo |
UFX 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, 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, 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 | DZ, BZ, IL, JO, LY, MU, SD, SY, TN, US, YE, PK, BE |
You can compare Social Copy Trading 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 Copy Trading for 2024 article further below. You can see it now by clicking here
We have listed top Social copy trading 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.