We found 11 online brokers that are appropriate for Trading Social Community Investment Platforms.
The social trading community is a very recent development in the world of Forex trading. It involves following and copying trades of other traders who hold years of experience and are successful in the buying and selling of currency pairs. Social trading has similarities to traditional social networks but with feature-rich financial trading platforms at their core. Serious traders meet on the platform to share trading ideas and opinions instead of sharing selfies and lunch photos.
Social trading is one of the best ways to increase the earning potential and reduce the capital risk by looking to the trades of others, analyzing these and, after that, opening positions. This form of social trading is the best way to copy the trading techniques of experts and follow their strategies on the platform.
There are several significant benefits following the social trading community. Below are some discussed:
Yes, it is true. Social trading saves time. It saves time in doing research and monitoring the trades. It is simply copying the trades of experts and is best suited for such traders who cannot spend as much time becoming an active trader.
The public profile of traders is visible on the platform of the social trading community. Hence, valuable information can be collected from successful traders before copying their trades. Less active traders can study the trading history of experts and even gain profile composition.
It is not possible to master Forex trading completely. Even the most experienced traders can make mistakes and fail to earn a profit. Therefore, a social trading platform is one of the best places to gain exposure, learn about certain geographical markets and build experience around certain asset classes like cryptocurrencies and stocks.
The platforms help traders gain knowledge about trades and strategies and learn the ins and outs of Forex trading.
There are many social trading community benefits like earning while learning and quick grasping of the market. Let us look at some of the significant ones below:
The community provides reliable and extensive trading information from across the world. Traders can interact directly with professional traders on the platform. It is the best place to learn from others.
The social trading community helps broaden information exposure and allows considerable learning in a short period.
The social trading community is the best place to earn while learning. It is the best place to gain knowledge from professionals who are successful in Forex trading. They help peers on the platform to understand the ins and outs of the trades. Copying their trades increases the potentiality of earning.
Everything cannot be positive. There are some challenging consequences and here we will take a look at some of the disadvantages of the social trading community:
Individuals may come across traders who have egos and hang out on the platforms with an attitude. Some such individuals seek to broadcast their positions as best trades and might not be on the money. Any new trader must remain careful as such trades could be misleading.
It is not guaranteed that all the information made available by other traders would be genuine. It is suggested to avoid taking advice blindly and without doing your research. It is also possible that most of the best traders don't get much time sharing information on the platform.
Spending too much time on the community platform sometimes seems a waste of time as many good trading tips occurring throughout the day are missed. Therefore, it is always suggested to visit the platform during the non-trading hours.
The social trading community is one of the best platforms to learn and earn simultaneously. It is perfect for beginners to copy trades of experienced traders and increase the potentiality of earning. However, all is not good, and in this article, we have reviewed some of the potential concerns.
We discussed the significant characteristics of the social trading community and why it is important for traders, particularly novice traders. We also talked about the benefits and drawbacks of the community.
Beginners are encouraged to seek knowledge from co-members on the social platform before risking money in a trade. Blind copying may not always lead to profit.
We have conducted extensive research and analysis on over multiple data points on Social Trading Community to present you with a comprehensive guide that can help you find the most suitable Social Trading Community. Below we shortlist what we think are the best Social Trading Community Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Social Trading Community.
Selecting a reliable and reputable online Social Trading Community 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 Community Investment Platforms more confidently.
Selecting the right online Social Trading Community 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 Community Investment Platforms trading, it's essential to compare the different options available to you. Our Social Trading Community 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 Community Investment Platforms broker that best suits your needs and preferences for Social Trading Community Investment Platforms. Our Social Trading Community Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Social Trading Community Investment Platforms.
Compare Social Trading Community Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Social Trading Community Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Social Trading Community Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Social Trading Community 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 Community Investment Platforms that accept Social Trading Community 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 avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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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 Community 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 Community Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Social Trading Community 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.
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