We found 11 online brokers that are appropriate for Trading Social Trading Networks.
Social trading networks are platforms that allow investors to observe the trading behavior of their more experienced peers and traders. Ultimately, the rookie traders can follow or copy their investment strategies.
These platforms provide a space for traders to share insights, strategies, trading decisions, and market analyses, facilitating a learning environment for novice investors and a collaborative space for seasoned traders.
The popularity of these platforms comes as trading is a profession that looks easy but it is actually quite difficult. For newer traders aiming to become seasoned traders, learning is a crucial step. Whether it is through reading, other traders, or your own experience, learning is essential.
And even though a lot of platforms offer educational resources and learning material for beginners, learning from seasoned traders is among the most practical ways to become a successful trader.
You can copy buy and sell trades of other traders on social trading platforms. You can also view the historical trades and research of some traders as part of your own research.
Social trading allows an investor, both beginner/pro, to follow other traders' investment strategies by using copy trading or mirror trading. Not to post photos of themselves, social media is now a place for investors to share trading information and their latest strategies.
This way, new retail investors can pay close attention to the trading habits of other participants and allows them to copy their work methods. In addition to getting lessons and information about trading, there are now many investors who trade through social trading.
Although several social trading platforms are not allowed to operate in the US, this article is aimed at traders in Europe, Australia, Asia and Middle East researching social trading platforms. There are several social trading platforms available for international traders. Here are the platforms:
One of the most famous social trading platforms in the world is eToro. Through eToro, participants can learn tips and strategies, interact with other traders, and even imitate their movements.
You can find eToro in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, and many more, including Washington DC.
If your area of residence is not part of the eToro platform, you can use a visual portfolio to learn trading strategies and practices.
Not all features are available on this platform, so you should pay attention to what is available. Another advantage of eToro is that investors can quickly identify signals and get useful information in their trading.
Zulu Trade is a social trading platform that operates in the US and focuses on the Forex market. U.S. participants may only use two brokers with one social trading account on this platform.
You do not need a fee to be able to join this platform and be able to watch open trades. There are several interesting features of Zulu Trade, one of which is a demo account.
Demo accounts allow participants to try various strategies before they make an actual investment. Investors can observe sentiments and can find out who the best participants in the trade are.
In this platform, participants can join as investors and emulate the strategies and portfolios of other successful participants.
Naga Trader is one of the main social investment platforms. This platform uses the SwipeStox application which allows users to access trading signals and their ability to follow and then copy the movements of other traders.
Even so, you will still need the help of brokers to participate in this platform. SwipeStox can see other traders and trades by sliding the menu left or right, based on your preference.
One of the unique options available to Naga Trader is cryptocurrency. Dragon Trader's SwipeStox application can be downloaded via a smartphone and is available for devices using the iOS and Android operating systems.
No, because these platforms are mostly designed for rookie investors so they can get exposure to the market through more experienced traders.
Apart from the many benefits you can get, social trading platforms are not free from risk. In addition, some of these platforms are not available in the U.S. and many platforms also use methods that are considered risky.
Currency and CFD are examples of high risk leverage financial instruments. Some social trading platforms do not even allow participants who are U.S. citizens to register even if they live abroad.
Therefore, as a U.S. resident, your involvement in social trading can also be limited, such as not having access to a complete range of assets and markets.
Before deciding to invest, you should be serious, and you will need careful consideration. Many platforms offer various types of social trading.
If the platform you choose has a demo account, then you can use it to see the strategies and the other trading participants in it.
The social trading platform also allows you to view historical success, so you can calculate your chances of making a profit by imitating other traders' strategies. Another important point is the cost.
You may be charged fees for auto trading, copy and subscription fees, in addition to regular trading commissions.
Can be. But ultimately, whether social trading is a lucrative practice or not is complicated. Although you can earn money via social trading, it is also easy to end up losing money too, in case you do not make a wise decision. Even though social trading makes things a lot easier, a majority of newer traders tend to start social trading without any prior experience.
Since they think social trading is easy, they do not put in the required effort, and ignore any warning signs. In actuality, this is based on multiple factors. These factors include your trading method, how much you are willing yourself to learn, and how observant you are, and how you take advantage of the traders you follow.
Traders can benefit a lot from social trading in many ways. Note that not all strategies will suit all types of traders. Each comes with its benefits and drawbacks. The main types of social trading include mirror trading and copy trading, and their descriptions are as follows:
Copy trading involves traders following the opened as well as closed positions of other, more seasoned traders. Copy traders can emulate as many traders as they want, and stop whenever they like. Some may even set their user accounts to copy a specific trader automatically. They can automatically copy numerous traders as well, even though that is not recommended since it involves the risk of losing a lot of capital if the copy trader does gets distracted.
Mirror trading mainly involves adopting a certain strategy of a trader instead of merely copying their opened and close positions. Fundamentally, this method is quite similar to copy trading.
Social trading comes with numerous benefits for traders. Following are the six most obvious methods that may convince newer traders to try this trading technique:
This is one of the main benefits of social trading, for newbies and somewhat experienced traders alike. This technique contains vast quantities of reliable and practical information. Besides that, such information can prove valuable for traders, especially ones who are not as experienced or do not have the confidence or know-how for trading operations.
It is an exceptional opportunity to be an active part of a community of experienced investors. Similar to how investors normally have a mentor to guide them, social trading can be seen as social networking. This type of social networking is where every copy trader has many “mentors” instead of just one.
Yet another one of the many advantages of social trading is that it significantly lowers any costs and risks involved. By opting for social trading, traders can begin trading with lowered costs and risks, even when they lack experience. This is in contrast to the conventional way of individual investing and trading, which comes with more risks.
Social trading helps traders to improve their risk management skills in the face of risks that accompany trading. By copying other, more experienced traders, newer traders also learn new strategies to counter risk. They also get to learn which of them work, and which of them are not as effective.
Social trading lets new traders develop opinions on the shifts in the markets on which they want to trade by following other traders. These insights gained firsthand are a result of the collective training knowledge of many seasoned investors and traders.
Social trading may offer a plethora of benefits, but it comes with its disadvantages as well. Following are the most common risks traders should be aware of when opting for this trading technique:
Although traders develop opinions, they are not always independent. This could be a potential setback for inexperienced traders who may assume high risk just by following after the opinions of other traders.
The main selling point of social trading for most individuals is the possible opportunity to earn more while investing comparatively less. When newbie traders see such favourable results, they raise their expectations unrealistically high. Many do not realize that they are magnifying their chances for loss by attempting to magnify their potential gains.
A majority of newer traders tend to invest all of their funds in just one trader. Every platform offers a considerable variety of different seasoned traders for new traders to copy. In this case, dividing your investment among multiple traders could lower your risk of losing funds.
Traders can either learn risk management from the traders they copy or completely ignore that aspect and end up losing large sums of money. If traders do not restrict the maximum funds they could lose, they could end up losing a lot regardless of the traders they are copying doing well.
Unfortunately, much like other types of trading, social trading has its fair share of scammers as well. Such scams often come as signal trading and binary options. When looking for a service online, traders must avoid scams.
To avoid being scammed, try to research the platform you are interested in. A poorly designed platform with non-existent (or poor) customer service should be a dead giveaway. Also, consider looking at reviews before committing to a particular platform.
When choosing the best social trading platform, it's crucial to consider several key factors to ensure it meets your investment needs and preferences. One of the things to consider is that a platform should have a vibrant community forum.
This should enable investors to exchange ideas, share strategies, and seek advice, fostering a learning environment and facilitating informed decision-making. Moreover, the platform needs to grant you access to individual stocks, providing you with a wide range of investment opportunities.
Another things to consider is the platform's social trading features, including the availability of tools like stop loss and limit orders.
Arguably, the most important factor is regulatory compliance. You need to make sure that the platform is authorized by the regulatory body in your jurisdiction.
Finally, you should also look for a netowkr that offers educational resources and investment tools. This can help you make more informed decisions and improve your trading skills over time.
Social trading can be a highly lucrative form of trading. It opens doors to many favourable opportunities for traders, allowing them to learn from other more experienced traders. However, one wrong step and some types of damage could be hard to repair. Despite being able to copy other traders trades, it's always important to do your own research before opting for this strategy and choosing which traders to follow or copy.
Note that you cannot expect instant success from a venture you have just taken up. It takes time, understanding, experience, and effort to evolve into the type of trader you wish to be.
We have conducted extensive research and analysis on over multiple data points on Social Trading Networks to present you with a comprehensive guide that can help you find the most suitable Social Trading Networks. Below we shortlist what we think are the best social trading networks after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Social Trading Networks.
Selecting a reliable and reputable online Social Trading Networks 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 Networks more confidently.
Selecting the right online Social Trading Networks 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 networks trading, it's essential to compare the different options available to you. Our social trading networks 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 networks broker that best suits your needs and preferences for social trading networks. Our social trading networks broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Social Trading Networks.
Compare social trading networks brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a social trading networks broker, it's crucial to compare several factors to choose the right one for your social trading networks needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are social trading networks. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more social trading networks that accept social trading networks clients.
Broker |
IC Markets
![]() |
eToro
![]() |
Pepperstone
![]() |
AvaTrade
![]() |
FP Markets
![]() |
FXPrimus
![]() |
forexmart
![]() |
coinbase
![]() |
binance
![]() |
Ayondo
![]() |
BlackBullmarkets
![]() |
---|---|---|---|---|---|---|---|---|---|---|---|
Rating | |||||||||||
Regulation | Seychelles Financial Services Authority (FSA) (SD018) | 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) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14) | Instant Trading EU Ltd CySEC (Cyprus Securities and Exchange Commission) (266/15), Finateqs Corp (137723) Belize | FCA Financial Conduct Authority (1003842) Coinbase Institutional (UK) Limited, Listed As Having A Money Transmitters License in various states in the USA | AMF (Autorité des Marchés Financiers, France) (E2022-037), OAM (Organismo Agenti e Mediatori, Italy) (PSV5), FIU (Financial Intelligence Unit, Lithuania) (305595206), Bank of Spain (D661), Polish Tax Administration (RDWW – 465), SFSA (Swedish Financial Supervisory Authority) (66822), AFSA (Astana Financial Services Authority, Kazakhstan), FSR (Financial Services Regulatory Authority, Abu Dhabi), CBB (Central Bank of Bahrain), VARA (Dubai Virtual Asset Regulatory Authority), AUSTRAC (Australian Transaction Reports and Analysis Centre) (100576141-001), FIU-IND (Financial Intelligence Unit - India), Bappebti (Indonesia) (001/BAPPEBTI/CP-AK/11/2019), JFSA (Japan Financial Services Agency) (Kanto Local Finance Bureau 00031), FSP (New Zealand Financial Service Providers Register) (FSP1003864), SEC (Securities and Exchange Commission, Thailand), SAT (Tax Administration Service, Mexico), CNAD (Comisión Nacional De Activos Digitales, El Salvador) (PSDA/001-2003), FSCA (Financial Sector Conduct Authority, South Africa) | BaFin (Federal Financial Supervisory Authority ) (145765) | FSA (Financial Services Authority, Seychelles) (SD045) |
Min Deposit | 200 | 50 | No minimum deposit | 100 | 100 | 15 | 15 | 10 | No minimum deposit | 100 | No minimum deposit |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 200,000+ | 35,000,000+ | 400,000+ | 400,000+ | 200,000+ | 300,000+ | 10,000+ | 9,500,000+ | 200,000,000+ | 250,000+ | 10,000+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | WebTrader, MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play) | Web Trading, MT4, Mobile Apps, iOS (App Store), Android (Google Play) | Platform APIs, Wallets, Payments, Node, Paymaster, Onchain Data, Staking, Product APIs, Advanced Trade, Exchange, Prime, Commerce, Apple App iOS, Android Google Play, Mobile Apps | Apple App iOS, Android Google Play, MacOS, Windows, Linux, Desktop | ActivTrader, Apple App iOS, Android Google Play, MT4, MT5, WebTrader | MT4 ,MT5, TradingView, Mobile Apps, iOS (App Store), Android (Google Play), cTrader, BlackBull CopyTrader, BlackBull Invest |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with icmarkets |
Sign
Up with etoro |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with fxprimus |
Sign
Up with forexmart |
Sign
Up with coinbase |
Sign
Up with binance |
Sign
Up with ayondo |
Sign
Up with blackbullmarkets |
Risk Warning | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 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 | 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 |
Ayondo Demo |
BlackBull Markets 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, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | 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 | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | RU | RU | RU | US, CA | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL |
You can compare Social Trading Networks 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 Networks for 2025 article further below. You can see it now by clicking here
We have listed top Social trading networks below.
eToro is a multi-asset platform. The value of your investments may go up or down. Your capital is at risk.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% 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.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
eToro does not approve or endorse any of the trading accounts customers may choose to copy or follow. Assets held in your name. Capital at risk. See PDS.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk.may not suffice as basis for investment decision.
Crypto investments are risky and highly volatile. Tax may apply. Understand the risks here
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.