Best Social Copy Trading Guide
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 History
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.
Copy Trading Legalities
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.
Social Trading Brokers & Making Money
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.
Social Trading Brokers & Demo Accounts
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.
Social Copy Trading Verdict
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've collected thousands of datapoints and written a guide to help you find the best Social Copy Trading for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best social copy trading below. You can go straight to the broker list here.
Reputable Social Copy Trading Checklist
There are a number of important factors to consider when picking an online Social Copy Trading trading brokerage.
- Check your Social Copy Trading has a history of at least 2 years.
- Check your Social Copy Trading has a reasonable sized customer support of at least 15.
- Does the Social Copy Trading fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Social Copy Trading has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Social Copy Trading have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Social Copy Trading can hire people from various locations in the world who can better communicate 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.
Our brokerage comparison table below allows you to compare the below features for brokers offering Social Copy Trading.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Social Copy Trading.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Social Copy Trading of 2020 compared
Here are the top Social Copy Trading.
Compare Social Copy Trading min deposits, regulation, headquarters, benefits, funding methods and fees 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 |
eToro
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IC Markets
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Pepperstone
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FXPrimus
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AvaTrade
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Axitrader
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Swissquote
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forexmart
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phoenixmarkets
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ezinvest
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| Rating | ||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Min Deposit | 200 | 200 | 200 | 100 | 250 | No minimum deposit | 1000 | 1 | 500 | 500 |
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| Used By | 12,000,000+ | 60,000+ | 10,000+ | 10,000+ | 200,000+ | 10,000+ | 300,000+ | 10,000+ | 10,000+ | 10,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4,WEB,desktop | MT4,mac,Android.iPhone/iPad | MT4,mac,Android.iPhone/iPad |
| Support |
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| Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with pepperstone |
Sign
Up with fxprimus |
Sign
Up with avatrade |
Sign
Up with axitrader |
Sign
Up with swissquote |
Sign
Up with forexmart |
Sign
Up with phoenixmarkets |
Sign
Up with ezinvest |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 | 79% 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 |
| Demo |
eToro Demo |
IC Markets Demo |
Pepperstone Demo |
FXPrimus Demo |
AvaTrade Demo |
Axitrader Demo |
Swissquote Demo |
ForexMart Demo |
Phoenix Markets Demo |
EZINVEST Demo |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | 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 | BR, KR, IR, IQ, SY, JP, US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | US | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL |
All Social copy trading in more detail
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 2020 article further below. You can see it now by clicking here
We have listed top Social copy trading below.
Social Copy Trading Table of Contents
- Social Copy Trading Explained
- 6 Factors to Consider when Choosing Social Copy Trading
- Are Your Social Copy Trading Trusted And Established?
- Are The Social Copy Trading World Leading?
- What are the Social Copy Trading Commissions and Fees?
- What are the Social Copy Trading Funding and Withdrawl Methods?
- Find Social Copy Trading with Round-the-clock support?
- Make sure the Social Copy Trading Offer Comprehensive Trader resources?
- Why do Social Copy Trading need to be regulated?
- Social Copy Trading FAQ
- What are the best Social copy trading brokers?
- What is the best Social copy trading broker?
- Related Social Copy Trading Reviews
- Related Social Copy Trading Alternatives
- Related Social Copy Trading Comparisons
Social Copy Trading Explained
Trading the financial markets with Social Copy Trading when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Social Copy Trading is the platform that a Social Copy Trading offer.
Choose Social Copy Trading that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Social Copy Trading that you can rely on.
6 Factors to Consider when Choosing Social Copy Trading
Follow these five rules for selecting a broker that's right for you:
Are Your Social Copy Trading Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Social Copy Trading broker is eToro. Established in 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is IC Markets.
IC Markets was established 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 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
eToro
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IC Markets
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Pepperstone
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FXPrimus
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AvaTrade
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Axitrader
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| Year Established | 2006 | 2007 | 2010 | 2009 | 2006 | 2007 |
| Head Office | Cyprus, UK | Australia | Australia | Cyprus | The British Virgin Islands | Australia |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) |
| Used By | 12,000,000+ | 60,000+ | 10,000+ | 10,000+ | 200,000+ | 10,000+ |
| Negative balance protection | No | Yes | Yes | No | No | No |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit eToro | Visit IC Markets | Visit Pepperstone | Visit FXPrimus | Visit AvaTrade | Visit Axitrader |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 | 79% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Are The Social Copy Trading World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 100 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro 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 Social Copy Trading is IC Markets . IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
eToro
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IC Markets
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Pepperstone
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FXPrimus
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AvaTrade
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Axitrader
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| Instruments Available | 100 | 232 | 100 | 100 | 250 | 100 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | US | BR, KR, IR, IQ, SY, JP,US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR,US, AU, SY, DZ, JP, EC. | BE, BR, KP, NZ, TR, US, CA, SG | US, JP |
| Forex pairs offered | 50 | 65 | 70 | 45 | 80 | 100 |
| Forex pairs offered | 50 | 65 | 70 | 45 | 80 | 100 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes | No | Yes | Yes |
| Commodities Offered | 0 | 19 | 16 | 0 | 16 | 20 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | No | No | Yes | Yes |
| Stocks Offered | 957 | 100 | 60 | 60 | 99 | 1000 |
| UK Shares | Yes | No | No | Yes | Yes | Yes |
| US Shares | Yes | Yes | No | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | No | Yes | Yes |
| Japanese Shares | Yes | Yes | No | No | Yes | Yes |
What are the Social Copy Trading Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Social Copy Trading broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency. eToro minimum deposit is 200.
Another top rated Social Copy Trading broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
| Broker |
eToro
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IC Markets
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Pepperstone
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FXPrimus
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AvaTrade
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Axitrader
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| Min Deposit | 200 | 200 | 200 | 100 | 250 | 0 |
| Withdrawl Fees | Yes | No | No | Varies | No | Varies |
| Inactivity Fees | Yes | No | Yes | No | No | No |
| Deposit Fees | No | Varies | No | Varies | No | Varies |
| CFD Commission Fees | No | Yes | Yes | No | No | Yes |
What are the Social Copy Trading Funding and Withdrawal Methods?
When dealing with Social Copy Trading having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
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IC Markets
|
Pepperstone
|
FXPrimus
|
AvaTrade
|
Axitrader
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | No | Yes | No |
| Skrill | Yes | Yes | Yes | No | No | No |
| Payoneer | Yes | Yes | Yes | Yes | Yes | |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes |
Find Social Copy Trading with Round-the-clock support?
Customer service is very important when dealing with Social Copy Trading.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Social Copy Trading customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, and Italian
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
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IC Markets
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Pepperstone
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FXPrimus
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AvaTrade
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Axitrader
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| Support |
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| Languages | English, German, Spanish, French, and Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian | English, Italian, German, French, Greek, and Hebrew | English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic |
| Learn More | Visit eToro | Visit IC Markets | Visit Pepperstone | Visit FXPrimus | Visit AvaTrade | Visit Axitrader |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 | 79% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Make sure the Social Copy Trading Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and IC Markets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Social Copy Trading need to be regulated?
A regulated Social Copy Trading broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Social Copy Trading brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Social Copy Trading List
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic 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 Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic 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 Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,mac,Android.iPhone/iPadCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account