We found 11 online brokers that are appropriate for Trading Social Trader Investment Platforms.
Who is a social trader? What is social trading? These are some common questions raised by beginners and novice traders. Let us have a brief look at the terms.
Social trading is a term used when an investor follows the trading behaviour of others like expert traders and peers. The investor who does so is called a social trader. The main objective of such a trading style is to copy the strategies of successful traders. It is also called mirror trading or copy trading.
The primary advantage of social trading is that the social trader requires either no knowledge or little knowledge about the markets. The style is also low-cost as no wealth manager is required for trading.
Social trading is the newest style of trading. eToro was one of the first financial brokers to step into it. It started offering the option in 2010, and Wikifolio followed in its footsteps two years later in 2012. In 2017, the Europe-based NAGA offered the same, and in the second half of 2019, its platform registered social trading of over EUR 27 billion.
Yaniv Altshuler, a researcher and MIT Computer Scientist, described social trading as complex, adaptive systems. His research work, ' eToro's OpenBook', mentions that social trading networks have the inherent ability to share information and ideas between peers.
His research further adds that social trading offers many enhanced opportunities to traders in making a profit compared to individual trading.
The World Economic Forum report of 2015 described it as disruptive, offering sophisticated and low-cost alternatives to traditional wealth managers. The networks cater to a broader customer base, empowering more control over wealth management.
A St. John's University report from 2017 said the leaders are responsible for the trading activities of their followers. A bad investment decision may lead to losing followers.
In one of the recent studies, it is argued that social trading may increase followers' risk-taking attitude. This further increases the risk of losing money during adverse financial situations or a bad investment decision.
Social trading is like observing peers' trading strategies and following the same in one's own trading. The techniques and strategies are identical. It is believed copying the trades may lead to making a profit without having much knowledge about the investment.
Earlier, before social trading, investors used to rely more on technical analysis or fundamental analysis to make investment decisions.
Social trading is strictly an online trading feature and is a blessing for such traders who have less knowledge about financial trading or lack ample experience of trading in the industry. By copying the trades, the traders also learn the strategies for earning profits.
Below are three primary types of trading:
This is not social trading. It is a regular trader, and the trader makes decisions solely on his skill and ability.
This is where Trader A copies Trader B for a single trade. It is similar to social trading but different from copy trading or mirror trading.
When Trader A copies the trades of Trader B automatically for several single trades, it is called mirror trading.
There are some more variations on social trading, including the copying of the portfolio of another trader, and the actions, in real-time.
This involves complete access to the information in the financial markets. This information flow paves the path to a free exchange of information to an individual as well as small-scale investors.
Traders get the opportunity to work together for terms like dividend research and pooling funds.
Transparency of positions, market sentiments and other aspects are seen in social trading.
A social trader always feels social trading is a blessing as it requires less cost and less knowledge to trade. Many are benefiting from the feature, which is why social trading has gained popularity in recent years.
In this article covering social trading, we discussed the meaning of social trading, its history, its research, its characteristics, and several more features. We briefly covered the differences between single trades, copy trades and mirror trades.
Beginners can opt for social trading, but it is advised to learn the strategies from experts simultaneously. Social trading is one of the best ways to gain knowledge in financial trading.
We have conducted extensive research and analysis on over multiple data points on Social Trader to present you with a comprehensive guide that can help you find the most suitable Social Trader. Below we shortlist what we think are the best Social Trader Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Social Trader.
Selecting a reliable and reputable online Social Trader 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 Trader Investment Platforms more confidently.
Selecting the right online Social Trader Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Social Trader Investment Platforms trading, it's essential to compare the different options available to you. Our Social Trader Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Social Trader Investment Platforms broker that best suits your needs and preferences for Social Trader Investment Platforms. Our Social Trader Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Social Trader Investment Platforms.
Compare Social Trader Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Social Trader Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Social Trader Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Social Trader Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Social Trader Investment Platforms that accept Social Trader Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | 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 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, 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, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 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 | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | 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 | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Social Trader 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 Trader Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Social Trader Investment Platforms 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.