Top Social Trading for 2024
We found 11 online brokers that are appropriate for Trading Social Trading.
Best Social Trading Guide
Analysis by Andrew Blumer, Updated Last updated - April 22, 2024
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 have conducted extensive research and analysis on over multiple data points on Social Trading to present you with a comprehensive guide that can help you find the most suitable Social Trading. Below we shortlist what we think are the best social trading after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Social Trading.
Reputable Social Trading Checklist
Selecting a reliable and reputable online Social Trading 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 more confidently.
Selecting the right online Social Trading trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Social Trading broker has a solid track record of at least two years in the industry.
- Verify that the Social Trading broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Social Trading broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Social Trading broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Social Trading brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Social Trading broker can hire staff from diverse locations worldwide who can communicate fluently in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Compare Key Features of Social Trading in Our Brokerage Comparison Table
When choosing a broker for social trading trading, it's essential to compare the different options available to you. Our social trading brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each social trading broker.
- The funding methods available for social trading with each broker.
- The types of instruments you can trade with each social trading broker, such as forex, stocks, commodities, and indices.
- The trading platforms each social trading broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each social trading broker affects the cost of trading.
- The level of customer support each social trading broker offers, including their availability, responsiveness, and quality of service.
- Whether each social trading broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a social trading broker that best suits your needs and preferences for social trading. Our social trading broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Social Trading of 2024 compared
Here are the top Social Trading.
Compare social trading brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a social trading broker, it's crucial to compare several factors to choose the right one for your social trading needs. Our comparison tool allows you to compare the essential features 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 |
IC Markets
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eToro
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Pepperstone
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AvaTrade
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FP Markets
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FXPrimus
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forexmart
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coinbase
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binance
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ETX Capital
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Ayondo
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| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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), 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), Markets In Financial Instruments Directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) | Unregulated | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) |
| Min Deposit | 200 | 100 | 200 | 100 | 100 | 100 | 1 | 100 | 100 | 100 | 1 |
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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, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4,WEB,desktop | iPhone/iPad,iOS, | Desktop,Android,iPhone/iPad,Mac | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps | Web Trader, |
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| 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 etxcapital |
Sign
Up with ayondo |
| Risk Warning | Losses can exceed deposits | 76% 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 | Losses can exceed deposits |
| Demo |
IC Markets Demo |
eToro Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
FXPrimus Demo |
ForexMart Demo |
Coinbase Demo |
Binance Demo |
ETX Capital Demo |
Ayondo 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, | 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, BE, CA , SG, BE | US, CA |
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 2024 article further below. You can see it now by clicking here
We have listed top Social trading below.
Social Trading Table of Contents
- Social Trading Explained
- 6 Factors to Consider when Choosing Social Trading
- Are Your Social Trading Trusted And Established?
- Are The Social Trading World Leading?
- What are the Social Trading Commissions and Fees?
- What are the Social Trading Funding and Withdrawl Methods?
- Find Social Trading with Round-the-clock support?
- Make sure the Social Trading Offer Comprehensive Trader resources?
- Why Social Trading needs to be regulated?
- Social Trading FAQ
- What are the best Social trading brokers?
- What is the best Social trading broker?
- Related Social Trading Reviews
- Related Social Trading Alternatives
- Related Social Trading Comparisons
Social Trading Explained
Trading volatile financial markets with Social Trading can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Social Trading to ensure a successful trading experience.
Selecting Social Trading at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Social Trading markets effectively.
Reliability is key to gaining access to financial markets. Look for Social Trading that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Social Trading confidently.
6 Factors to Consider when Choosing Social Trading
Follow these five rules for selecting Social Trading that are right for you:
Are Your Social Trading Trusted And Established?
Search for a reputable Social Trading with a extensive proven track record for Social Trading, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Social Trading broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is eToro.
eToro was established 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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eToro
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Pepperstone
|
AvaTrade
|
FP Markets
|
FXPrimus
|
forexmart
|
coinbase
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2007 | 2010 | 2006 | 2005 | 2009 | 2015 | 1989 |
| Head Office | Australia | Cyprus, UK | Australia | Ireland | Australia | Cyprus | Cyprus | United States |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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), 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), Markets In Financial Instruments Directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) |
| Used By | 180,000+ | 30,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Guaranteed Stop Loss | No | No | No | No | No | No | Yes but 10% | |
| Learn More | Visit IC Markets | Visit eToro | Visit Pepperstone | Visit AvaTrade | Visit FP Markets | Visit FXPrimus | Visit ForexMart | Visit Coinbase |
| Risk Warning | Losses can exceed deposits | 76% 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 |
Are The Social Trading World Leading?
Opt for Social Trading that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Social Trading is eToro. eToro Segregates clients funds and offers over 5000 instruments.
| Broker |
IC Markets
|
eToro
|
Pepperstone
|
AvaTrade
|
FP Markets
|
FXPrimus
|
forexmart
|
coinbase
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 5000 | 1200 | 1250 | 290 | 130 | 111 | 77 |
| 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, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4,WEB,desktop | iPhone/iPad,iOS, |
| 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, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MG, MK, MO, UA, JO, KR, | 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 |
| Forex pairs offered | 61 | 50 | 70 | 55 | 70 | 45 | 100 | |
| Forex pairs offered | 61 | 50 | 70 | 55 | 70 | 45 | 100 | |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | No | No |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | No | No |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| Commodities Offered | 20 | 31 | 16 | 17 | 18 | 0 | 0 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Agricultural | Yes | Yes | Yes | Yes | Yes | No | Yes | No |
| Stocks Offered | 2100 | 2042 | 1100 | 1000 | 10000 | 60 | 53 | |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | No | No |
| German Shares | Yes | Yes | Yes | Yes | Yes | No | No | No |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | No | No | No |
What are the Social Trading Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Social Trading broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Social Trading broker eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. eToro minimum deposit is 100. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
eToro
|
Pepperstone
|
AvaTrade
|
FP Markets
|
FXPrimus
|
forexmart
|
coinbase
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 100 | 200 | 100 | 100 | 100 | 1 | 100 |
| Withdrawl Fees | No | Yes | No | No | No | Varies | 5 | Varies |
| Inactivity Fees | No | Yes | No | No | No | No | No | |
| Deposit Fees | Varies | No | No | No | Yes | Varies | Yes | |
| CFD Commission Fees | Yes | Yes | Yes | No | Yes | No | Yes |
What are the Social Trading Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Social Trading. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Social Trading.
| Broker |
IC Markets
|
eToro
|
Pepperstone
|
AvaTrade
|
FP Markets
|
FXPrimus
|
forexmart
|
coinbase
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Paypal | Yes | Yes | Yes | Yes | Yes | No | No | No |
| Skrill | Yes | Yes | Yes | No | Yes | No | Yes | No |
| Payoneer | No | No | Yes | Yes | No | Yes | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
Find Social Trading with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Social Trading.
Social Trading customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Social Trading can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro support a wide range of languages including English, German, Spanish, French, Italian
IC Markets and eToro offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
eToro
|
Pepperstone
|
AvaTrade
|
FP Markets
|
FXPrimus
|
forexmart
|
coinbase
|
|---|---|---|---|---|---|---|---|---|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, German, Spanish, French, Italian | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |
| Learn More | Visit IC Markets | Visit eToro | Visit Pepperstone | Visit AvaTrade | Visit FP Markets | Visit FXPrimus | Visit ForexMart | Visit Coinbase |
| Risk Warning | Losses can exceed deposits | 76% 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 |
Make sure the Social Trading Offer Comprehensive Trader resources?
It's important to ensure your Social Trading provide complimentary resources such as analysis, education, and risk management tools. IC Markets and eToro collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Social Trading. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Social Trading.
Why Social Trading needs to be regulated?
Regulated Social Trading lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Social Trading.
Consumers are protected by Social Trading regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Social Trading is necessary to prevent fraud. The Social Trading working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Social Trading is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Social Trading List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
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.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,WEB,desktopCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
iPhone/iPad,iOS,Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Desktop,Android,iPhone/iPad,MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Binary, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader,Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits