We found 11 online brokers that are appropriate for Trading Social Trading Platforms.
Social trading platforms are very similar to social networking platforms but focused on sharing trading ideas between people instead of sharing lunch photos or selfies.
In the financial market, social trading means collaborative trading with the benefit of watching trading strategies of other traders and replicating trades through features like mirror trading and copy trading.
Through social trading platforms, a trader can either execute orders with the suggestion of expert players or by following the marketing strategies of the peers. The pro traders help fellow traders with trading insights and other tips either at a certain fee or completely free.
Beginners learn how to trade like a pro and maximize the chances of making a profit by watching trading behaviours of expert traders through the social trading platforms.
No standard time limit is defined on how long it takes to learn to trade like a pro. It is also not revealed how much capital is good to start trading through social trading platforms. However, brokers ask for a certain trading account balance to start trading.
Financial market trading can never be separated from risk and so the same is true with social trading platforms. Even though the best strategy is copied from the most successful traders on the platform, the risk of loss cannot be eradicated completely. Often the analysis of best investors may go wrong.
In social trading, traders can indulge directly or indirectly with peers for collaborative trading while in the other mode of investments mean copying trading strategies of others.
In mirror/copy trading the traders can analyze market behaviours and replicate them in one's trading account.
There are some benefits using social trading platforms and the first is that one can get reliable trading information. The process of constant googling is reduced. Beginners can also interact with pro traders to learn about skills and strategies.
The social trading platforms are like a blessing to beginners as earnings and learning go side-by-side.
With such platforms, one can become a professional investor faster by learning from seasoned traders efficiently and quickly.
Social trading platforms help in building a community for traders where they interact with each other and share ideas as well as information.
Free flow social trading is like earning and learning at the same time. Social trading platforms help in accessing information and tips about better trading. Pro traders offer beginners strategies and ideas to educate them and become professional traders. However, be aware that social trading is not risk-free.
There are several social trading platforms which are made available for traders but it is suggested to read the reviews of the platforms before using it. One should ensure the platforms are feature-rich and equipped with incredible charting tools, a news feed, copy trading and more.
We have conducted extensive research and analysis on over multiple data points on Social Trading Platforms to present you with a comprehensive guide that can help you find the most suitable Social Trading Platforms. Below is a list of what we consider to be the best social trading platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Social Trading Platforms.
There are a number of important factors to consider when picking an online Social Trading Platforms trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Social Trading Platforms.
Compare Social Trading Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are social trading platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more social trading platforms that accept social trading platforms clients
Broker |
IC Markets
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eToro
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Pepperstone
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AvaTrade
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Axitrader
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forexmart
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phoenixmarkets
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ezinvest
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FXPrimus
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ovalx
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coinbase
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Rating | |||||||||||
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), 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), 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 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 50 | 200 | 100 | No minimum deposit | 1 | 500 | 500 | 100 | 100 | 100 |
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Used By | 180,000+ | 30,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | 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, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4,WEB,desktop | MT4,mac,Android.iPhone/iPad | MT4,mac,Android.iPhone/iPad | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps | iPhone/iPad,iOS, |
Support |
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Learn More |
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Up with icmarkets |
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Up with pepperstone |
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Up with avatrade |
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Up with axitrader |
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Up with forexmart |
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Up with phoenixmarkets |
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Up with ezinvest |
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Up with fxprimus |
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Up with ovalx |
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Up with coinbase |
Risk Warning | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. | 74-89 % 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk |
Demo |
IC Markets Demo |
eToro Demo |
Pepperstone Demo |
AvaTrade Demo |
Axitrader Demo |
ForexMart Demo |
Phoenix Markets Demo |
EZINVEST Demo |
FXPrimus Demo |
Ovalx Demo |
Coinbase 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, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | AF, AS, AQ, AR, 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, UY, VU, VG, EH, YE, ZW | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | RU | 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 | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, BE, CA , SG, BE | RU |
You can compare Social Trading 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 Platforms for 2023 article further below. You can see it now by clicking here
We have listed top Social trading 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. 79% 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.
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.