Top Best Copy Trading Platforms

Best Social Trading Platform – Cheapest Platform

Here we will examine the various list of our top Copy Trading Platforms, which includes its features, comparisons, and other information to assist you in choosing the best copy trading platform.

What Is Copy Trading?


Copy trading is a type of social trading whereby a person who is also a trader follows other traders’ profiles and perhaps even copy their trading techniques (strategies) to maximize their trade earnings, either for free or for a price.  Users can subscribe to certain traders’ strategies and techniques, buy and sell buy and sell signals, and integrate to broker platforms to automate copy trading on contemporary copy trading platforms.

This article will explain how you can do copy trading on a sophisticated broker platform,  how it works, and how to utilize the best copy trading platforms.

Let’s get started!!

Copy trading is a sort of social trading in which a trader maintains track of other investment managers’ traders’ profiles and, in certain cases, imitates their trading practices (strategies) in order to increase profit revenues from their trading, either for free or for a fee. Users can sign up for a copy trading broker platform and subscribe to certain reputable traders’ strategies and trading capabilities; imitate buy and sell signals on the integrated broker platform to automate copy trading on a sophisticated copy trading. 

This guide will show you how to perform copy trading in a contemporary broker platform, how it works, and how to use the finest copy trading platforms.

Let’s get this party started!!

What Is The Difference Between Social Trading And Copy Trading?

Copy trading is a subset of social trading that allows users to mimic the trades of other investors. While social trading lets you see other traders’ investments, copy trading means that your account will make whatever trades theirs does

Those that support copy trading may allow users to do the following:

  • On the copy trading platform, you may follow the profiles of other traders.
  • Check out how many followers or copy traders other traders have on their accounts, as well as the overall amount invested and the amount spent on each copying trader.
  • Examine the other traders’ profiles to see how many successful gains, deals, and earnings they have.
  • Know exactly the length of time other professional traders have been trading a certain financial asset.
  • View the returns on investment made by traders who have chosen to follow a certain trader.
  • Have a discussion with other traders. They can also post on social media, reply to comments, and so on.
  • Obtain market financial assessments from experts on a specific asset.
  • On the copy trade platform, you may access, purchase, and sell trading signals of a certain financial instrument with a given software. 

The Most Popular Copy Trading Platforms:
Some noteworthy copy trading apps are mentioned below:

Comparison of Some Popular Copy Trading Apps

COPY TRADING APP FEES | DEPOSIT | RATING WEBSITE
Avatrade_logo_l
  • $100 account opening.
  • $50 fee for inactivity.
  • $100 administration fee after 1 year of inactivity.
  • Minimum Deposit $100
  • Leveraged: Yes
5/5
roboforex_logo-copy_trading
  • Tight spreads. from 0 pips.
  • Fastest order. execution.
  • 4 account currencies. (EUR, USD, CNY, GOLD)
  • Micro accounts with the. minimum lot size of 0.01.
  • 7 asset. classes.
5/5
eToro-copy-trading-logo
  • 0 fees.
  • Spreads from 0.75%.
  • Minimum Deposit $50
  • Leveraged: Yes
4.7/5
ZuluTrade_Logo
  • Fees $21 per investor
  • per month.
  • Spreads from 0.6 pips.
  • Minimum Deposit $1-$300
  • Leveraged: No
4.5/5
forex-copier-logo-200x200-9666
  • Software licensingfrom $149 to $349.
  • Minimum Deposit: Not available
  • Leveraged: Yes
4.5/5
FXTM_logo_copy_trading
  • There are no associated fees or charges.
  • Spreads range from 0.75 percent for Bitcoin transactions to 5% for Tezos trading. The fee for converting cryptocurrency to fiat currency and vice versa is 5%.
  • Minimum Deposit: $50
  • Leveraged: Yes
4.5/5

#1) AvaTrade 

This copy trading platform is ideal for both expert and novice traders.

AvaTrade copy trading software

AvaTrade, which was founded in 2006, also provides research and investor education in addition to copy trading. Given that it is heavily regulated in tier 1 and 2 jurisdictions, it is one of the safest platforms. Its trading platforms are AvaTrade, WebTrader, AvaOptions, MetaTrader 4&5, and its social trading platforms are ZuluTrade and DupliTrade are among the company’s own platforms.

It enables users to trade cryptocurrency and other assets using CFDs (contracts for difference), which allow users to speculate on future market price movements. A user does not have to acquire, hold, or manage crypto or a portfolio directly; instead, the user just speculates on future price movements and profits from the difference.

Features:

  • AvaTradeGo mobile app, desktop, and web.
  • New users can follow, copy, and trade after experienced traders’ market moves in social trading. This shortens the learning curve and the time it takes to go to market; it allows you to trade on fresh assets as well as ones you’re not familiar with.
  • Ask experts questions, form trading groups and mentors, develop trading strategies, and identify skilled traders.
  • Social trading is automated.
  • Bitcoin, Bitcoin Cash, Ethereum, Bitcoin Gold, EOS, Ripple, Dash, and Litecoin are all available for use.
  • AvaSocial, in collaboration with Pelican Trading, has made social trading features feasible.
  • $100 is the minimum deposit.
  • Fees/charges: $100 for account opening, $50 for three months of inactivity, and $100 administrative fee for one year of inactivity.
  • Spreads: EUR/USD are at 0.9 pips for entry-level accounts and 0.6 pips for professional traders.

#2) RoboForex

Social Trading on RoboForex platform


Roboforex is a prominent copy trading platform that services many traders and is regulated by Belize (IFC).

Roboforex users like the platform’s well-designed and user-friendly layout, as well as its convenient and relative analytics for traders and low minimum deposit. It offers a large network of 1400 strategy providers and has a $10 minimum deposit. Roboforex charges a fee on profitable transactions, with the average commission being 40% on all profitable deals.

Features:

  • RoboForex has over 200 trading instruments and provides both fixed and variable spreads, with fixed spreads starting at 2 pips and variable spreads starting at.4 pips.
  • Because RoboForex offers nano lot trading, you may start trading with as little as $10.
  • RoboForex is an excellent Forex trading broker for newbies since it allows them to get into the market without risking a lot of money.
  • RoboForex also provides a variety of video tutorials to help clients gain knowledge and improve their trading techniques and capabilities.

#3) eToro

world’s leading social trading platform

Social trading on eToro platform


One of the most popular copy trading platforms on our list is Etoro, which allows users to trade over 40 financial assets, including forex, stocks, crypto, ETFs, and CFDs. It has about 20 million users in 140 countries across the world.

It has no fees and even a zero-dollar commission for US residents, but the spreads are not as tight as they are on other exchanges. Depending on the kind of cryptocurrency, fees range from 0.75 percent to 2.9 percent.

In terms of copy trading, eToro is a strong rival to other platforms since it allows newbies to copy professional users’ deals on its copy trading platform with a single click. You can automate the copying of these trades and even apply stop losses to minimize your potential losses.

You should check users’ portfolios, statistics, and risk scores before duplicating their moves. You can start trading cryptocurrencies with a $50 deposit and trade at least $20 worth of Bitcoin, Litecoin, and 15 other cryptocurrencies. Citizens of the United States are not permitted to trade in cryptocurrency, while citizens of other nations are afforded that opportunity. 

Features:

  • In conjunction with the online platform, there are iOS and Android apps.
  • Amazing support system. Email and ticket assistance are free, however, chat support is only available to subscribers.
  • Per trade, the maximum transaction limit is $10,000.
  • The ability to send and receive cryptocurrency from and to eToro.
  • To duplicate a user, you’ll need a minimum of $200 or a high maximum of $500,000.
  • Up to 100 traders can be copied at the same time.
  • Clients in the United States have access to everyone’s profiles, but they can only copy from other U.S. members.
  • Trading with leverage.
  • $50 is the minimum deposit for normal trading
  • There are no associated fees or charges.
  • Spreads range from 0.75 percent for Bitcoin transactions to 5% for Tezos trading. The majority are between 1.9 and 2.9 percent. The fee for converting cryptocurrency to fiat currency and vice versa is 5%.
  • eToro is a cryptocurrency exchange.

#4) ZuluTrade

Mobile social and copy trading platform

Copy trading on ZuluTrade platform


ZuluTrade is a global trading platform with over 1 million members globally and a trading volume of over $800 billion. It was founded in 2014 and, as a result, is quite competitive with eToro in terms of copy trading, as there are many users with solid track records. Experienced traders may generate earnings by sharing their trades with other users on the ZuluTrade copy trading platform.

Those interested in copy trading on the site may view other users’ profiles, including the amount of money they’ve opened for copy trading by other users following them, the amount of money held by those following them, and their annualized Return on investment (ROI). 

Features:

  • With ZuluTrade – the  AutoTrade allows you to trade cryptocurrency automatically from between $1 to $300. .
  • Invest in cryptocurrencies, CFDs, FX, commodities, stocks, and more than 40 other financial instruments.
  • Retail customers in the United Kingdom are unable to exchange cryptocurrency. Others can trade Bitcoin, Ripple, Bitcoin Cash, Litecoin, and XRP, among other cryptocurrencies.
  • The minimum trading amount is one dollar.
  • Check each follower trader’s profits on every particular professional investment manager followed trader.
  • MetaTrader 4 and 5 are supported.
  • There is no trading with leverage.
  • In addition to the online website platform, there are iOS and Android apps.
  • ZuluTrade, scripts, and APIs allow for automated social crypto trading.
  • The minimum deposit ranges from $1 to $300, depending on the broker.
  • Monthly fees/charges: $21 per investment.
  • Spreads start at 0.6 pips.

#5) Forex Copier

Best for trading market signals

Forex Copier is the best copy trading software

Remote and local copy trading are both possible with Forex Copier. Users can purchase and sell signals from and to other users on both platforms. Signal sellers can also automate passive income streams.

If you wish to organize a signal-providing community, this is an excellent tool to use. You may then have subscribers to your signals and manage them, such as removing and adjusting their membership expiration date. In copy trading, a lot multiplier can be used to increase the trading volume of the replicated deal.

The platform is utilized by 4,972 dealers in 122 countries, according to the website.

Features:

  • Signals are sent from MT4 terminals to MT5 terminals and vice versa.
  • To profit from a trader’s mistakes and reduce loss exposure, use reverse copy trading mode.
  • Change the opening and closing prices of the copy trades.
  • Filter the orders to be replicated by size, pair, and the number of orders.
  • Able to practice trade through a  simulator.
  • Management of copy time.
  • Trading with a high degree of leverage
  • Minimum deposit: Not available.
  • Fees/charges: Software licensing: local copier $149, remote copier $349.
  • Spreads: Not available.

#6) FXTM

Best for copy trading with investor education for starters.

FXTM is a popular copy trading platform for forex and CFDs

FXTM is a popular copy trading platform for forex and CFDs. It is the most popular platform for copy and social trading, Having been established in 2011. It hosts verified clients who have been vetted on broker platforms, allowing others to copy trade from them with ease of mind. You may choose to use social trading to leverage trading signals and strategies while also compensating the strategy manager from who you copied the trades. If the trade earns any money, you pay the strategy provider.

FXTM allows users to search, view, and chose selected traders of your choice that meet your trading objective and goals to effectively copy investment managers’ trades and strategies.  These traders may be chosen based on their profitability, risk level, the quantity of investment capital they manage and returns achieved.

Another feature of the FXTM platform is that you can conduct searches based on the investment criteria amount that you wish to share among the different traders you intend to copy trades from. 

Features:

  • Depending on the asset type, leverage trading ratios range from 1:5 to 1:1000. For FX pairings, the time is 1:30. Opening an account with a leveraged organization can increase these ratios to 1:400, 1:500, or even 1:1000.
  • Assistance available 24 hours a day, seven days a week.
  • The entry-level Micro account requires a $50 investment, while the Advantage and Advantage Plus accounts need a $500 commitment.
  • Trading simulations are available.
  • MT4, Metatrader 5, and FTXM Trader platforms are all supported.
  • Platforms include iOS, Android, and Windows.
  • FXTM Invest or EAs can be used to automatically duplicate trades.
  • Forex, indices, stocks, spot metals gold and silver, and stock CFDs are all available for social trading.
  • Spreads as tight as 0 pips are possible.
  • Depending on the asset class, leverage trading ratios range from 1:5 to 1:1000.
  • Costs/charges: The Micro starting account has no commission; the Advantage level has an average commission of $0.40 – $2 depending on volume; the Advantage Plus account has no fees. Fees for withdrawals are $50. Inactivity fees are charged.
  • Spreads: On a starter account, tight spreads of 1.5 pips are available. There are no spreads at the Advantage level, but there are 1.5 spreads at the Advantage Plus level.

#7) FBS ( Online Forex Broker ) –

Best for risk-free automated copy trading

FBS web trading platform for copy trading

Although FBS provides a web trading platform, copy trading is only available for iOS and Android users. The platform for copy trade is distinct from other platforms. This platform allows you to copy trades from 600 strategy providers on the FBS platform.

The Cyprus Securities and Exchange Commission (CySEC) regulates FBS, which creates more confidence for investors due to its transparency. The app has received several accolades in the categories of broker, social, and copy trading. Clients could also utilize the VPS software to execute the automation of their trades.

Bitcoin, Ethereum, Litecoin, Ripple, Dash, and five additional cryptocurrencies will be auto-copied and exchanged on the platform. Trading strategies, short selling, scalping, risk management, leverage, and other topics are covered in the company’s guidelines and trading material.

Features:

  • The minimal investment for copying is one US dollar. The minimum deposit is one dollar.
  • FBS has support compatibility with the MT5 terminal. MT4, MT5, FBS Trader, and CopyTrade are some of the trading platforms available.
  • Accounting integration – Bank cards, Neteller, Skrill, and Sticpay are all supported for deposits and withdrawals.
  • Trade forex, CFDs on stocks, indices, metals, and cryptocurrency using an automated copy trading system.
  • With just an automatic stop loss of 10%,  copy trading is still risk-free. This function is restricted to three trades with one risk-free stop-loss order per trade.
  • For the highest-level account holders, use the leverage of 1:3000. Negative balance protection is included with leverage to keep your account under protection from trying to blow up.
  • The minimum deposit is $1.
  • Fees/charges: There is a 5% commission that is imposed. 1.1 S  spread, and Bitcoin USD is 30 pips. Overnight fees are charged for swing and hold positions that last more than one day. There are charges for inactivity.
  • Spreads start at 1 pip and go up from there.

#8) DupliTrade

Best for dedicated signal trading

Duplicate experienced traders on DupliTrade copy trading platform


Duplitrade connects persons who provide trading strategies as well as signals with clients who have signed agreements with their partnering brokerage firms. As a result, these clients can trade assets with sophisticated and professional trading capabilities.

AvaTrade and Pepperstone are two of the 12 brokers featured on the platform with which clients may register on the platform for trading.  Duplitrade platform enables auto-copy trading of the various financial instruments: Bitcoin, Bitcoin Cash, Litecoin, Ethereum, EOS, Dash, and Ripple.

In terms of copy trading, a user could follow, analyze and replicate professional traders’ activities, modify trades, and specify the percentage of a copied trade, for example, only 25%. Duplitrade generates finance by charging the brokers an Introduction Broker (IB) fee. The issue is the platform’s high minimum trading amount of $5,000, which must be deposited in the user’s brokerage account.

Features:

  • Copy-trading can be automated.
  • There are no monthly fees.
  • There are no mobile apps.
  • Trade forex and CFDs in stocks, cryptocurrencies, commodities, and indices are supported by automated copying trading of other professional traders’ trade.
  • See who else you might like to follow, as well as their earnings, total trade amounts, trading weeks, % wins, and the number of followers.
  • Minimum investment: $5,000.
  • Fees/charges: No charges.
  • Spreads: Standard retail industry spreads are dependent on brokers.

#9) NAGA

Spy on and copy the best traders who have mastered their trading strategies

Copy the best traders trading strategies on NAGA trading platform


This website allows users, particularly beginners, to mimic the trades of over 9,000 expert users or technique providers who have been thoroughly and rigorously chosen via many levels of screening. The Most Traded page allows users to view the most popular financial instruments on the site and add them to their favorite instruments by clicking a star next to them.

NAGA Copy Trading platform

Naga copy trading platform allows you to analyze trades and dealer statistics to identify and choose the most appropriate investment trader strategies to copy trades from.

Where profitability is concerned, whether the trader is buying or selling, the number of pips – take profit orders, stop-loss orders, and so on are among the characteristics you should take advantage of. You can view how many people are following the professional trader, their winning percentage, who they follow, their visitors’ profile and loss statistics, profile visitors, and who they are copy trading.

Features:

  • Naga software is equipped with educational and research tools.  Before you start copying trades, take some video courses.
  • Withdrawal methods include bank transfer, credit card, Sofort, Neteller, Skrill, and cryptocurrency.
  • Users can trade over 1000 different financial instruments.
  • Providers of copy strategies earn revenue from the fees charged by their trade copiers who imitate their copy trade strategies.
  • Changes in the investment amount and other details are possible while replicating an investment strfforec copierfategist’s techniques. 
  • Users can also keep up with industry trends, obtain information from a broker’s mainstream networks, and communicate or engage with other traders, making it similar to a social network.
  • The minimum investment is $250.
  • Fees/charges: There is a 0% commission. Copy trades on CFDs on shares are charged 0.2 percent per lot, while copy trades on ETFs are charged 0.1 percent per lot.
  • Spreads: The minimum spread is 1.0 pips, however, the average spread is 2.5 pips.

Q#1) Is copy trading legal?


Answer: Yes, many licensed brokers and trading platforms that are also quite professional support it. Beginner, expert, and even institutional traders all implore copy trading on a regular basis. Copy and social trade are legal in almost every country on the planet.

Q#2) Is it a good idea to replicate other people’s trade?

Yes, it allows new and experienced traders to profit from one other while trading forex, stocks, CFDs, and a variety of other financial assets. It allows novice traders to learn while they trade. However, you must be certain that you can recognize which trades and traders to follow. Check to see whether the copy trading program gives a ranking to users based on their performance, consistency, and risk.

Q#3) Is it truly lucrative to do copy trading?


Yes, but it depends on how it’s done. In fact, it is expected to be one of the most rewarding methods to invest and trade in 2022. Profit margins should be in the range of 5-20 percent. The top best copy trading platforms are equipped with amazing features that include transparency elements such as returns on investment, investment risk, and the consistency of experienced traders providing details on trading signals.

Q#4) Is copy trading suitable for novices?


It’s a great place to start if you’re a newbie. It enables novices to easily imitate the investing tactics of experienced traders. It makes sense for busy professional traders who either cannot or do not want to develop their own trading techniques and strategies. Because the finest copy trading platforms allow for automatic copy trading, the approach is ideal for passive income earners without requiring a significant amount of time of your time.