Author: Eduardo Montero
What are the top brokers for copy trading?
Social trading is an emerging investment method that is very popular. This is why more brokers offer this service online.
Social trading, also called copy trading, allows you to join a social investment network that lets you find the top traders around the globe, follow them, interact and copy their trades into a trading account. This allows you to benefit from the knowledge, strategies and experience of other traders. Copy traders get a commission for the profits they make.
There are many options available to brokers for social trading: some offer their own platform (e.g. eToro), while others connect you to third-party platforms (most common Sirix Social Trading and iSocialFX, and FxStat Tradingbook).
We have tested many online brokers and ranked the top ones for social trading.
| Broker | Key Features | Offer |
|---|---|---|
 Go to eToro | Copy Trading: Yes, eToro offers copy trading and social trading tools.Website: https://www.etoro.com/ Regulated by: FCA, CySEC, ASIC Min Deposit: 200 € / $ Trading Platforms: WebTrader + iOS App + Android App Type of Execution: Market Maker Available Instruments: Over 3500: Large number of stocks (over 3100) and cryptocurrencies (over 75). Also commodities, currencies, indices and ETFs. | World leader in social trading. (*) Warning: 78% of retail CFD accounts lose money. |
 Go to IC Markets | Copy Trading: Yes, IC Markets offers copy trading and social trading tools.Website: https://www.icmarkets.com/ Regulated by: CySEC, ASIC, FSA Min Deposit: 200 € / $ Trading Platforms: MetaTrader 4 + MetaTrader 5 + cTrader Type of Execution: ECN Available Instruments: More than 2250: More than 60 Forex currency pairs. Also offers commodities, indices, stocks, bonds, cryptocurrencies and futures. | |
 Go to Axi | Copy Trading: Yes, Axi offers copy trading and social trading tools.Website: https://www.axi.com/ Regulated by: FCA, ASIC, DFSA, FSA Min Deposit: 0 € / $ Trading Platforms: MetaTrader 4 Type of Execution: STP / ECN Available Instruments: More than 130 instruments: Forex, indices, commodities and cryptocurrencies. |
Example of Copy trading
If trader A has 5,000 euro to invest, and trader B has 50 euros, trader B has the option to copy the first trader. Trader A will invest in a market for 1,000 euros and trader B will allocate 10 euros to that investment (the same percentage). If A achieves profitability of 5%, B will receive the same percentage for his 10 euros.
Social trading could be described as a social network that specializes in financial investments. This eliminates the need for the knowledge required to analyze assets and launch operations on the market. It is distinguished by its lower commissions than financial advice. You can also monitor and analyze the strategies of other traders to help you understand how to trade in the markets.
Social trading is offered by online brokers. You can use advanced search options and rankings to find traders who match your criteria and risk profile. Analyzing trades of other traders can help you diversify your risk. You may also have the opportunity to be a top trader, allowing other users to copy your trades and make a profit. You must prove your trading skills by establishing a trading history. You can do social trading in either direction, regardless of whether you are the trader copying, to learn from the experts and earn a return on capital, or if your position is the expert being copied.
This post is also available in Spanish: brokers copy trading, German: broker copy trading, Malay: broker untuk perdagangan salinan malaysia, Thai: Thai
Author: Eduardo Montero
Welcome to Mundo-Forex.com: I'm Eduardo Montero, I work professionally in IT. I started trading in the financial markets (mainly Forex) more than 10 years ago. I'm the author of the articles on this website and of many others published on other websites specialised in stock market investment and finance in general. Learn more about me here: About the author.