We found 11 online brokers that are appropriate for Trading Social App Investment Platforms.
Social trading is an innovative way to speculate on financial markets. The idea is that beginner traders can interact with professional or experienced traders and copy their trades. This allows beginners to trade the financial markets and to compensate for any gaps in their knowledge. Retail traders can see what the more experienced traders are doing and learn from and copy their trades. Experienced traders are profiting from this as they get incentives every time someone copies their trades. This article will go more in-depth about social trading.
The idea behind social trading is simple. It allows retails traders to participate in the stock market massively. Retail traders have the desire to trade and to invest. For the most part, they have been scared because of the difficulty around trading. Trading is a skill, and it needs years to master. Such a factor has left, for many years, a lot of amateur investors outside of the financial markets. These investors avoid trading due to the fear of losing their money based on a lack of experience.
Social trading is seeking to fix that problem. It allows amateur investors to learn from professionals and to cross the gap of experience. Retail investors can get in touch with experienced traders and can trade what they trade. It starts with a foundation that you have to do what the best are doing if you want to be the best. Now everybody can join in, not just wealthy individuals and professionals.
Social trading also involves using a social media platforms to communicate with each other, share ideas, and then subscribe to each other. Subscribing to an account, you get to see their trades and are allowed to copy them.
There are multiple forms of social trading, including copy trading and mirror trading. In this case, the retail traders choose an experienced trader that they like to follow or multiple professionals. Whenever the professionals make a transaction, the system automatically performs the same trades for the retail investors' accounts. Each broker that offers social trading has specific features and different selling points.
Trading costs involve spreads and fees. There may be fees to withdraw funds, deposit funds, perform trades, etc. There may be fees on the spreads offered by Forex brokers. The fees also vary by the type of account you have and by the position size. Other costs to your trading are related to margin. There are also different interest rates offered on different leverages. You need to check the policies of the fees as these add up, and they can affect your overall return rate.
Each broker has different requirements regarding their minimum balances to open an account and regarding the minimum deposit that you can make. There are various ways that you can fund and withdraw your funds. Most brokers allow wire transfers, and some of them also allow electronic wallet transfers. These kinds of transfers involve the use of third-party financial services such as Paypal, Skrill, and Neteller.
Each broker offers a unique experience. Some have great accessibility tools, some have great user interfaces, and some others are focused on providing great functionality. You need to check the factors that are going to affect your trading experience and make sure that you are in the best position. Some brokers offer mobile platforms, desktop platforms, web-based platforms, and some other work with popular trading platforms such as MetaTrader 4 and 5.
Depending on your needs, you need to check if your broker allows social trading on your market of interest. Some brokers offer only cryptocurrencies, and some others offer Forex and securities. It all depends on your interests and your goals.
Each broker offers a different pool of traders to choose from which to copy. You can search for traders that trade based on your preferred trading style. You can search for experienced traders based on your investment preferences. You can compare them based on their profitability, their experience, and any other skill or attribute that traders look for. You can also choose what percentage of your portfolio would you like to be allocated to copy trading. There are different options, and copy trading is flexible.
You can also enrol in mirror trading. In this case, the retail traders copy the strategies of the professionals. In mirror trading, whenever a position is opened with a specific strategy, the same relative position will open in your account.
You can also take a more hands-on approach and choose to be part of signal trading. This activity involves social trading, and it relies upon providing trade signals. Retail traders would then open their position manually and choose their stop loss and profit levels based on a given trader signalling to buy or sell a particular security. Signal trading can also involve other types of financial markets.
In this article, we mentioned the main features of social trading. You need to understand how social trading works, and then you can choose how to apply it. Each trader needs to establish his financial goals and then act appropriately on them.
We have conducted extensive research and analysis on over multiple data points on Social Trading App to present you with a comprehensive guide that can help you find the most suitable Social Trading App. Below we shortlist what we think are the best Social Trading App Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Social Trading App.
Selecting a reliable and reputable online Social Trading App 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 Trading App Investment Platforms more confidently.
Selecting the right online Social Trading App 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 Trading App Investment Platforms trading, it's essential to compare the different options available to you. Our Social Trading App 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 Trading App Investment Platforms broker that best suits your needs and preferences for Social Trading App Investment Platforms. Our Social Trading App Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Social Trading App Investment Platforms.
Compare Social Trading App Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Social Trading App Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Social Trading App Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Social Trading App Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Social Trading App Investment Platforms that accept Social Trading App 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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Learn More |
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Up with fxpro |
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 Trading App 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 Trading App Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Social Trading App 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.