Top Social Trading for 2021

We found 11 online brokers that are appropriate for Trading Social Trading.

Best Social Trading Guide

Updated October 18, 2021

Social Trading

Social trading is a new way to speculate on the financial markets. It allows beginner and inexperienced investors to replicate the trades of successful speculators. Basically, instead of you doing your trades, you let an expert decide for you, and you do what they do. They say that if you want to be the best, you need to do what the best are doing. This is exactly what copy trading is.

Social trading refers to an innovative new concept as part of the day trading investment strategy. It is not directed for use as part of any one particular investment strategy, but rather encourages investors to trade using multiple investment strategies in a single market. Social trading does not encompass direct communication between traders and brokers; rather it relies on the Internet to facilitate intra-day communication between traders and market makers. Social trading does not encompass any type of automated trading system or software. All trades are made based on analysis of market signals by humans.

Building on the idea of copy trading, we have social trading. This incorporates the idea of performing copy trading and allows speculators to interact with each other via a social media platform.

Executing orders that replicate the strategies of experienced traders or peers is called social trading. It is a kind of social network where the peers can interact with each other, learn about the decisions and watch trades of each other.

Mechanics of Social Trading

The center of this system is a social media platform where beginners and pros interact with each other, discuss, and share market strategies. Many platforms allow such practice and traders have plenty of ways to engage in social trading.

Social Trading is a type of social financial investment, enabling investors to watch real-time trading activities of professional traders and their peers. The main goal is to track their investment patterns using mirror trading or copy trading techniques. This method helps investors to benefit from the buy and sell signals of other professional traders, thus making it easier for them to participate in the financial market while benefiting from lower margin requirements and tax benefits. This process relies on collective data from multiple sources, which provides a significant amount of information about market trends and fluctuations.

However it is important to note that even though the technology provides a unique opportunity for new traders to get involved in trading. It is also advisable for investors to do their own research before deciding to get involved. Most investors, particularly those who have little or no experience with the financial markets, jump into trading without properly researching what they are doing. As a result, they often suffer financial loss. Therefore it is important that an investor thoroughly studies the various opportunities that are available to them, before deciding to become involved with social trading.

Copying More Experienced Traders

Social trading is a relatively new style of trading, which enables investors to monitor the online trading activity of their friends and other professional traders. The main aim is to observe their online investment strategies via mirroring or copy trading, which is when an investor follows their colleague's trading activities. On social networks, such as Facebook and Twitter, potential traders all have the same ability to share information and build relationships with other people. Social networking provides a unique opportunity for high-risk traders to learn from their own mistakes and failures at the same time as learning from the successes of others.

There are social trading platforms that allow you to discuss, engage, and copy trade at the same time. The interesting thing about these platforms that as with each social media application, traders can follow each other, subscribe to the content of other traders and register to copy particular trades or particular traders. The trades of everyone are listed in their account, much like social media platforms that show the activity of each user.

This way of trading is a win-win for everybody. The beginners gets to see what the pros are doing and they get to learn, interact, and copy their trades. The pros get rewarded for their follower base as they get bonuses for each trader that follows them. So if a pro is successful and attracts a large follower base, that trader will get a lot of side income separate from what they are making as capital gains from their investments.

Social trading can also serve as a market research tool. By monitoring the activities of the pros and comparing the activity among pros, beginner traders can get an insight into how the market is behaving and where it is possibly going.

Social Trading Has Always Existed In Some Form

Social trading has been used by professional investors since the inception of the Internet. However, the advent of social trading technology has allowed investors to access this powerful tool more easily and quickly. This new avenue of market analysis allows users to view the real-time activity of other professional traders, instantly. Traders can use this technology in a variety of ways, including commenting on articles, creating blogs and forums, posting queries, and tracking various news and events occurring in the financial markets. This type of trading helps to make better informed decisions about trading and allows traders to develop the analytical process required to make better informed decisions.

Some brokers offer a fully integrated social trading platform that features tools of complete sharing of strategies like 'mirror trading' or 'copy trading.'

Social traders can opt for subscribing to the channel of other traders and copy the deals automatically.

The question arises what are experienced traders are getting as an incentive for sharing their knowledge. They are of course rewarded with status and money but based on their success rate traders gain popularity for sharing there successful investment strategies.

Traders can keep track of the trades after following the principles of social trading which Indicators and various signals displayed on the brokerages trading platform dashboards.

Social Trading and Things to Know

Even though social trading is widely praised, it is not everyone's cup of tea. Social trading downplays the knowledge that is required to negotiate in the financial markets. It makes beginners believe the risk is completely eradicated.

Beginners should understand that both patience and knowledge are required in financial markets. It is also true that trading involves risk and blind trust of the judgment of others may not be always fruitful.

Social Trading and MetaTrader4

The popular MT4 trading platform comes equipped with a feature called 'sentiment trader' and it enables analyzing the current market sentiment and also the historical sentiment with the help of charts.

Beginning with Social Trading

Most advanced trading platforms provide various ways to benefit from social trading like trading ideas, sharing advice, getting information on market sentiment, automatic trade execution and establishing signals of buy and sell for trades.

Not much preparation is required to start with social trading as the format is based on analysing and replicating the trades of others. Beginners can identify the right time to start trading commodities, indices, Forex and other products.

What Are The Biggest Social Trading Platforms

If you are thinking of making an investment in the world of trading, then you should definitely look at eToro. eToro made social trading popular and they are the largest social trading platform with over 20 million users. eToro is the best Social Trading platform available today. If you are unfamiliar with eToro, it is a network that allows you to trade any type of currency.

Once you have an account set up with eToro, you will be able to access the marketplace through a browser. You can perform direct trades and transactions between you and another investor or trade the financial instruments directly with no social interaction.

How Do People Participate In Social Trading?

Social Trading uses a lot of the social media websites, such as Facebook, Twitter, YouTube, etc. These websites provide a great place to socialize, discuss issues, and get involved in discussions. Basically, if someone has something they want to sell, they might put it up on one of these websites in an attempt to gain some social recognition.

Social Trading is a relatively easy process but like all trading does hold a level of risk which you must clearly understand before trading. Almost anyone who can turn on their computer can use Social Trading. In fact, you can use Social Trading on your computer while you are offline, too! If you have an online store then you can set up a 'shop' or 'feed booth' right where you would normally sit and sell your products. People passing by will be able to see what you have to offer, and you can see if the market is a good fit for your business. If the market is not viable then simply relocate your 'shop' to a more viable location.

The Pros And Cons Of Social Trading

When it comes to social interaction, the main advantage is that it offers a low-cost and high-quality resource for traders and investors to work with. Since everyone is free to participate, there is no cost involved. Traders can also freely discuss any issues with other traders and brokers. Moreover, all trades and transactions are carried out through the third-party financially regulated trading platform that acts as a facilitator between the two parties. This is in contrast to other investment plans where brokers, investors and traders are forced to work through formal trading channels and brokers.

Social media marketing allows traders to choose the platforms they want to use and get a chance to test each one. You have the choice to test the performance of a certain broker or trader in the platform chosen. If you find a broker has better performance than another broker in a particular platform, you can decide to trade using that broker rather than using the platform of another broker. Thus, you will be able to compare the different social trading platforms against each other.

Another benefit that you will gain from participating in social news feed investing is the chance to be updated on the latest market movements. You will be informed about currency pair movements, news about trends in investing, economic data and many more. With this, you will know what to do when the time comes that you need to invest in the market. As most popular investors do, you usually participate in online discussions about such topics. Through social media sites, you will be able to interact with more people who are knowledgeable and experienced on the business of investing.

However, one major disadvantage of using social networks while engaging in mirror trading is that you must be present in the discussion room. You cannot conduct all your transactions and deals while you are just chatting and making friends. Thus, mirror traders must be present in the chat room while discussing investment options and their pros and cons. The use of social platforms may enhance your chances of success in mirror trades but if you are not willing to be part of the discussion room, then this platform is not suitable for you.

Social Trading Disadvantages

Knowledge is the key to success in financial markets and with social trading beginners fail to get valuable lessons that make them better traders in the long run.

Sometimes, when selecting experienced traders, beginners may choose untrustworthy individuals and this may risk any investment.

Social trading tries to make trading a game. It seeks to make it easier than it is. It makes it as easy as the click of the button. This is an illusion as trading requires experience and practice. Trading also has risks and it is inevitable that at some point each trader will take a loss. In social trading, the major issue is that you are left to carry all the risk, while another party has executed your trade. If you are successful, it is the merit of the third party. If the trade fails, it is your fault for choosing that third party and you get to keep the loss.

Social Trading 3rd Partys

The trades that you engage in are trades that fit the plan of the third party. The traders who you follow trade based on their financial goals, not yours. This is another issue as you are left to execute trades that do not have a clear end goal and there is no financial planning involved.

Another main issue with social trading is market analysis. You do not know what market analysis has been done by the third party. You decide to copy their trades, but you are clueless about their thought processes and why a particular was executed.

Getting started With Social Trading

To reduce these drawbacks, some platforms offer intermediary features that combine social trading with more directed and controlled trading. You can sign up to get trading signals. This is a popular strategy. This way you can get an idea of profitable stocks, but you are left to choose your entry and exit point.

Some social trading platforms give market sentiment analysis. There are also public tools that you can use to get an idea of the market such as COT, VIX, and high/low sentiment ratio. The VIX indicator is a good tool as it measures the fear and stability of the S&P500. The COT shows the total sum of long and short positions in futures every Friday. This can help you get an idea of the market performance for the next week. Some of the most popular trading platforms have features that dictate the overall sentiment of the traders. This is also helpful in understanding the direction of the market.

Social Trading Verdict

In this article, we covered the main aspect of social trading. We listed how one can use it and what the possible drawbacks are of such investing strategy. We need to remember that investing has risks and one needs to study the market before entering a trade. A successful trader knows the motive behind each trade. So when you involve yourself in social trading, make sure to know what is happening and why each trade is being executed. This will assure you higher odds of success.

Social trading is best for beginners as not much knowledge is required to execute orders that have a chance of being profitable. One can blindly trust the experienced traders and replicate the strategies. However, it can never claimed that trading in financial markets is completely risk free. So, it is suggested gain some knowledge before trading.

We've collected thousands of datapoints and written a guide to help you find the best Social Trading for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best social trading below.

Reputable Social Trading Checklist

There are a number of important factors to consider when picking an online Social Trading 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.

Our brokerage comparison table below allows you to compare the below features for brokers offering Social Trading.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Social Trading of 2021 compared

Here are the top Social Trading.

Compare Social Trading min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are social trading. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more social trading that accept social trading clients

Broker eToro IC Markets AvaTrade Pepperstone FXPrimus Axitrader Swissquote forexmart phoenixmarkets ezinvest ETX Capital
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) 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 Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA)
Min Deposit 50 200 250 200 100 No minimum deposit 1000 1 500 500 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 20,000,000+ 180,000+ 200,000+ 89,000+ 10,000+ 10,000+ 300,000+ 10,000+ 10,000+ 10,000+ 10,000+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Offers STP
  • Allows scalping
  • Offers STP
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps MT4,WEB,desktop MT4,mac,Android.iPhone/iPad MT4,mac,Android.iPhone/iPad MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
etoro
Sign Up with
icmarkets
Sign Up with
avatrade
Sign Up with
pepperstone
Sign Up with
fxprimus
Sign Up with
axitrader
Sign Up with
swissquote
Sign Up with
forexmart
Sign Up with
phoenixmarkets
Sign Up with
ezinvest
Sign Up with
etxcapital
Risk Warning 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 72% of retail investor accounts lose money when trading CFDs with this provider CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 Losses can exceed deposits 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
Demo eToro
Demo
IC Markets
Demo
AvaTrade
Demo
Pepperstone
Demo
FXPrimus
Demo
Axitrader
Demo
Swissquote
Demo
ForexMart
Demo
Phoenix Markets
Demo
EZINVEST
Demo
ETX Capital
Demo
Excluded Countries ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA BE, BR, KP, NZ, TR, US, CA, SG BR, KR, IR, IQ, SY, JP, US AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US, JP US 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 US, BE, CA , SG, BE

eToro Risk Disclosure

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. 67% 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.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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.


All Social trading in more detail

You can compare Social Trading 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 for 2021 article further below. You can see it now by clicking here

We have listed top Social trading below.

Social Trading List

eToro
(4/5)
Min deposit : 50
Visit eToro Try a Demo Read review

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. 67% 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.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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.

eToro was established in 2007 and is used by over 20000000+ traders. 67% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
AvaTrade
(4/5)
Min deposit : 250
AvaTrade was established in 2006 and is used by over 200000+ traders. 72% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, CFDs, Spread Betting, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by 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
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
Axitrader
(3/5)
Min deposit : 0
Axitrader was established in 2007 and is used by over 10000+ traders. Losses can exceed deposits Axitrader offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA)
Swissquote
(3/5)
Min deposit : 1000
Swissquote was established in 1999 and is used by over 300000+ traders. Losses can exceed deposits Swissquote offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
forexmart
(3/5)
Min deposit : 1
ForexMart was established in 2015 and is used by over 10000+ traders. Your capital is at risk ForexMart offers Forex trading, CFD trading, Social trading, Share Dealing, Crypocurrency trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,WEB,desktop

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
phoenixmarkets
(3/5)
Min deposit : 500
Phoenix Markets was established in 2013 and is used by over 10000+ traders. Your capital is at risk Phoenix Markets offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,mac,Android.iPhone/iPad

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
ezinvest
(3/5)
Min deposit : 500
EZINVEST was established in 2008 and is used by over 10000+ traders. Your capital is at risk EZINVEST offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4,mac,Android.iPhone/iPad

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
ETX Capital
(3/5)
Min deposit : 100
ETX Capital was established in 2002 and is used by over 10000+ traders. Losses can exceed deposits ETX Capital offers Forex, CFDs, Spread Betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)

Learn more Learn more about eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.