8 Best Copy Trading Platforms 2026

With a demo account you trade with virtual money and lose nothing while learning and gaining experience of the market. Copy trading is one of the best ways to begin your career in the financial market. Traders may find themselves unable to exit positions at desired points due to the copy trading algorithm’s adherence to the original trader’s strategies. This can lead to funds becoming inaccessible, preventing traders from closing positions in a timely manner. In fact, ZuluTrade’s openness in sharing all performance data and ensuring there are no hidden fees is a testament to its commitment to transparency, a critical aspect for any trader looking to replicate the success of others. With competitive spreads and high leverage, RoboForex is suitable for those looking to maximize their copy trading returns across a variety of markets, including Forex, indices, and cryptocurrencies.

How To Copy A Trade

Copy trading is a great entry point into the forex https://www.trustpilot.com/review/iqcent.pro market, stocks, cryptocurrencies and more as a trader. The results are not guaranteed with signal provision, though copy trading can be an excellent way for industry newcomers to learn how experienced traders conduct business. “Trading in financial markets carries inherent risks and there is no guarantee of profit.” This is also true for copy trading, which can involve the same risks as regular trading, including the potential for loss of capital.

Trader Resources And Platform Capabilities

These paper trading profiles allow you to trial a firm’s software before registering for a live account. Importantly, any fee owed directly to the master trader should be transparent and known upfront. Some will charge a flat fee based on the volume traded/copied while others only take a commission on profitable trades. A good range of asset classes means more opportunities to build a diverse portfolio while learning about new markets. Some copy trading companies offer their own platform, such as AvaTrade’s AvaSocial, while many providers use popular third-party copy trading softwares, such as ZuluTrade, DupliTrade, or Myfxbook. Those wishing to sell their trades have to pass a rigorous audit progress while clients are presented with all the facts and figures they need to make an informed decision.

Best For: Traders Seeking Diverse Copy Trading Options With Ecn Pricing

• PU Prime operates as a licensed and regulated forex broker that provides traders with innovative services, including copy trading.
• Many platforms are designed for beginners, offering simplified dashboards, performance metrics, and risk ratings to help you choose experienced traders to follow.
• Before signing up, check which accounts support copy trading, the minimum deposit, and how much you’ll be paying in spreads, commissions, and other fees.
• Copy trading is sometimes pitched on social media as a "set it and forget it" solution for passive income.
• Its Social Trading platform makes it beginner-friendly, though a limited CFD range and offshore regulation may concern some traders.

The main factors are regulation, trading costs, platform compatibility, available strategy providers, and risk management tools. Well-known brokers supporting copy trading include eToro, Pepperstone, Axi, FXCM, Vantage, NAGA, and IC Markets. Strategies built on scalping, day trading, swing trading, algorithmic trading, technical analysis, or fundamental analysis should align with your investment horizon and risk tolerance. Integration with global payment networks improves liquidity management, reduces transaction friction, and ensures rapid access to trading capital across Forex, indices, and commodity markets. Brokers may apply wider Forex spreads, additional CFD commissions, or platform-specific copy trading fees to compensate signal providers and liquidity partners.

Trade With Confidence!

• EToro offers a deep collection of market products from a variety of global markets.
• This framework allows investors to allocate funds to verified portfolio managers, monitor performance in real time, and distribute profits and losses proportionally.
• Copy trading is a type of online trading that allows investors to follow and automatically copy the trades of more experienced and successful traders.
• Moreover, eToro’s most followed PIs typically exhibit low-risk scores, a testament to the platform’s stringent risk management protocols, including limitations on leverage and automated risk controls.Furthermore, eToro has instituted a policy requiring its most influential traders to obtain recognized chartered qualifications, underscoring the platform’s commitment to professionalism and accountability.

When you first view a platform’s leaderboard, it’s tempting to focus on the traders with the highest percentage returns. Pepperstone has long been a provider of copy trading platforms from popular third-party developers and recently launched its own branded version powered by Pelican (available exclusively on mobile). Experienced active traders may also be interested that more competitive pricing is available at AvaTrade on its Pro account for clients that are designated as Professional traders. Vantage also offers a Risk score for each provider, to rank how conservative or aggressive their trading has been, based on their historical trades. Within eToro’s copy trading experience, it’s easy to find traders you might want to copy.

Copiers can also filter Master Traders by performance over specific timeframes, risk score, minimum investment, and required expertise. In this system, there are two types of traders, Copiers and Master Traders. Users can allocate a specific amount of their capital to copy trades, allowing them to manage their risk effectively.

Firstly, aside from the NFA/CFTC in the U.S., OANDA is regulated by several tier-1 regulators such as ASIC in Australia and the FCA in the UK. Our broker reviews are reader supported and we may receive payment when you click on a partner site. While partners may pay to provide offers or be featured, e.g. exclusive offers, https://www.forexbrokersonline.com/iqcent-review they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Top 3  Forex Brokers With Copy Trading Platforms – Etoro Vs Avatrade Vs Pepperstone

It features sophisticated risk management tools, allowing users to customize the allocation of their funds. However, it dynamically adjusts based on equity, instrument, and market conditions. It’s beginner-friendly and reliable, though limited in CFD variety and lacks crypto trading options. They offer a demo account to practice with, educational resources, and a user-friendly mobile app. Minimum deposit for FXTM Invest is $200, and fees are performance-based only.

Seasonal and skilled traders can deposit a higher capital to make more returns. All of the above platforms give their users the opportunity to open a free, no-deposit demo account. If we then move to the sponsorship side, it is easy to think that trading brokers who have become official sponsors of major football teams would hardly have obtained such partnerships if they had been scams. FOREX.com provides a multi-asset experience, allowing you to trade iqcent broker over 2,500+ markets.

I appreciate the number of search tools and customizable parameters that help you find top-performing investors to copy. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Our testing found AvaTrade to be great for copy trading, with AvaSocial, ZuluTrade, and DupliTrade available. EToro expertly merges self-directed trading and copy trading under a unified trading experience.

Both of these agencies have rules and regulations in place to protect investors and ensure the integrity of the financial markets. In the United States, copy trading is generally considered to be legal as long as it is done through a regulated broker or trading platform. The platform also provides ranking systems to help you find the most successful traders to follow.

• Always check the specific minimum requirement for copy trading accounts.
• Clients have a choice of three account types, each offering different spreads and commission structures.
• We’ve already done our due diligence by narrowing down some of this guide’s best platforms.
• If your an expert trader, then we recommend using an institutional forex trading platform which have additional benefits over regular retail brokers such as reduced fees and increased leverage.

Top 10 Copy Trading Platforms

• Yes, you can copy trade cryptocurrencies in the USA as both copy trading and crypto trading are legally offered by many NFA/CFTC-regulated brokers.
• EToro also offers a wide range of financial instruments, including cryptocurrencies, making it a versatile choice for copy-trading enthusiasts.
• Even when replicate the strategies of successful traders, you are still subject to market fluctuations and potential losses.
• IFC Markets is regulated by the Labuan Financial Services Authority and the BVI Financial Services Commission, and applies essential safeguards such as segregated client funds, negative balance protection.

Copy trading carries the same risks as any form of trading, with the added complexity of relying on another trader’s decisions. Having more capital allows for better diversification across multiple traders and strategies, but never risk more than you’re willing to lose. The best signal providers typically have a large following, an established track record of performance (i.e., history of monthly trading results), consistent risk-adjusted returns, and above-average overall results. Review your portfolio’s performance on a weekly basis to ensure the traders you are following are sticking to their stated strategies.