Best Copy Trading Platform in 2022
The market is flooded with copy trading platforms, so finding one is easy. Not only do we categorize the platforms available for copy trading, but we also include the brokers who facilitate this practice. In addition, we considered the following criteria when creating the ranking:
The number of tradable markets and assets; the availability of platforms like MT4; the general quality of the service provided; availability based on country of residency.
Review of the Best 7 Copier Trading Platforms for the Year 2022
Here is our list of best copy trading platform:
eToro is the leading copy trading platform in the world. At eToro, you can “copy” other traders for as little as $200. On eToro, you can not only copy traders and monitor their statistics but also engage with them in conversation.
For example, with eToro, you may use copy trading to invest in actual equities and cryptocurrencies in addition to CFDs. You may test eToro’s copy trading features with their free demo account. Signal providers for eToro’s (Popular Investors) will be paid a set and variable rate based on the company’s AUM.
If available on those platforms, ZuluTrade and MT4 users can take advantage of copy trading. To copy the trades of successful traders, you can connect your trading account with another broker through ZuluTrade.
ZuluTrade’s copy trading management features are state-of-the-art. For ZuluTrade, the bare minimum is $100.
NAGA is a German Duplicate Trading platform. In addition to CFDs, you can copy stock trades on NAGA. The bare minimum to use the NAGA platform is $50.
Copy trading earnings for signal providers on NAGA are proportional to the size of their clients’ initial deposits. NAGA provides a risk-free practice account for anyone interested in testing the copy trading feature.
AvaTrade is an Irish fixed spread broker. Copy trading is available on MT4, and you may pick which trader to emulate and engage with them on AvaSocial.
You can brag about your accomplishments, share your thoughts, and get praise from others, all on AvaSocial. Traders can also make use of Duplitrade, which is available through AvaTrade.
Darwinex enables signal providers to build and share automated trading methods with their subscribers. Darwinex provides a practice account, but a real money account requires a deposit of $500.
FBS Copy is a copy trade service offered by FBS. Customers in Europe are unable to use this service at this time. Depositing the minimum of $100 is necessary to start a copy trading account with FBS. Residents of the European Union are welcome to apply for the no-deposit demo account that FBS Copy offers.
To get entry, a trader needs a minimum deposit of $2000, albeit this figure is subject to change based on the trader’s location.
Duplicate is only compatible with MetaTrader 4; however, Pepperstone supports many trading platforms. Signal providers can establish positions with Pepperstone for as little as 0 pips.
FXTM’s features include a virtual portfolio or demo account, advanced financial chart comparison tools, and more. The FXTM platform gives users access to research-backed analysis of financial markets and investments from industry experts. It can be accessed from various devices, including Apple Mac PCs and the internet.
FXTM provides a user-friendly trading interface that even novices can master. Traders can use the FXTM platform because it is available in more than 15 tongues.
Is it safe to use FXTM?
When traders deposit money into their FXTM accounts, that money is kept in a separate bank account. FXTM only uses tier-1 banks for this service for maximum safety. When evaluating a bank’s stability and security, the standard used is called Tier 1. FXTM has created a complete FXTM review.
When you deposit money with FXTM, how do you know that it will be held in a Tier 1 bank? If you deposit funds with FXTM, they will be held in a bank with sufficient capital to honor withdrawal requests, even if FXTM goes out of business.
But remember, there is always the risk of losing money when dealing with financial assets. Neglecting to do sufficient market research, lacking relevant skills, or failing to use the platform’s analytical capabilities can all lead to a negative balance on an account.
It’s not uncommon for traders to suffer sudden financial losses while dealing with Forex, cryptocurrencies, indices, stocks, commodities, exchange-traded funds, and contracts for difference (CFDs). You should only get into trading if you are willing to lose all of your money if the market takes a sudden and unexpected turn for the worst. Your capital is at risk, as stated clearly on the FXTM platform.