Copy trade forex 5

Best Copy Trade Forex Brokers.

eToro is at the forefront of the social trading revolution. Established in 2007, the company primarily supplies contracts for difference (CFDs) to traders looking to place bets on stocks, indices, currencies, commodities and cryptocurrencies.

Did you ever glance at a classmate’s answers when you were taking a test in school? Unlike in school, copying isn’t considered cheating when it comes to copy trade forex. In fact, it’s perfectly legal and many brokers offer copy trading platforms to clients. If you want to make money trading forex but don’t have the skills or time to learn the specifics, copying the trades of a professional is something you can consider.

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Table of Contents [ Show ]

4 Best Copy Trading Forex Brokers Copy Trading and Forex: The Basics What to Look for in a Copy Trade Forex Broker Get Started Copy Trading Forex.

Quick look: Best Copy Trade Forex Brokers.

Best Overall for Copy Trading: eToro Best for MetaTrader Users: Vantage FX Best for a Complete Trading Experience: Pepperstone Best for Tight Spreads: IQcent.

4 Best Copy Trading Forex Brokers.

Using the criteria listed above, Benzinga has chosen the five best copy trading forex brokers available today. Use these five as a starting point for your research, but remember, not every trader has the same needs.

1. eToro.

Best Overall for Copy Trading: eToro.

Touting itself as the largest social trading platform on the planet, eToro is the giant in the space with clients in 140 different countries. eToro has a firm handle on the stock, ETF, commodity, currency and cryptocurrency markets.

Major forex pairs are limited to 30:1 leverage, while minors get 20:1, commodity CFDs get 10:1 and you can also get 5:1 on stock CFDs or 2:1 on crypto CFDs. (Note: U.S. traders only have access to cryptocurrencies.)You’ll need $200 to open a copy trading account.

Social trading takes shape in a couple of ways on eToro. First, there’s the manual option. Simply search through the vast collection of trader profiles and sift through their stats. If you want to copy entire accounts, you might like CopyPortfolios. CopyPortfolios lets you mimic the portfolios of top traders or create a basket of different securities under one trading strategy. eToro’s social network provides every member with a newsfeed, which also allows you to chat with other users. Few brokers provide a network of experts as large as eToro’s.

Pros :

Substantial range of markets available to trade Extensive number of investors to copy User-friendly platforms and app.

Cons :

Stops and limits are mandatory on trades No automated trading strategies available Lack of research compared to competitors.

More Details.

Account Minimum.

Pairs Offered.

Get Started securely through eToro Forex's website.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

2. Vantage FX.

Best for MetaTrader Users: Vantage FX.

Vantage FX is a Australian-based ECN forex broker which offers deep liquidity and lightning-fast trade executions. ECN stands for electronic communications network and it’s a series of interconnected banks and liquidity providers that match buyers and sellers of different currencies.

Unlike a market maker, an ECN broker doesn’t act as a counterparty to your trades, it finds a suitable seller on its complex network. ECNs are more transparent, have lower spreads and execute trades far more quickly than market maker brokers.

Vantage FX uses ZuluTrade and MyFXBook Autotrade for its social trading functions. Using ZuluTrade, clients have access to 120 different forex pairs and CFDs with leverage up to 500:1. It costs $200 to fund a social trading bankroll, but you can access ZuluTrader right from your MetaTrader 4 platform and choose from over 10,000 traders to follow.

MyFXBook Autotrade is a program for mirroring different traders’ portfolios based on strategies. Low-performing accounts are screened out of the platform so only traders with repeated success can be copied. As an added bonus, no extra download is required; you can trade right on your browser.

Pros :

Ranked highly among MetaTrader brokers There are various copy trading platforms available.

Cons :

Lack of educational resources Trails industry leaders in apps and research.

More Details.

Account Minimum.

$200 - $20,000 depending on account type.

Pairs Offered.

Get Started securely through Vantage's website.

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3. Pepperstone.

Best for a Complete Trading Experience: Pepperstone.

Pepperstone is another Australian forex broker that has ventured into the social trading scene. Founded in Melbourne in 2010, Pepperstone has become one of the most diverse and sophisticated brokers on the forex market. Not only are MetaTrader 4 and 5 supported, but Pepperstone features the powerful cTrader program, one of the few true rivals to MetaTrader.

The social trading platform uses six different programs to enable copy trading: ZuluTrade, MetaTrader 4 Signals, Mirror Trader, MyFXBook, Duplitrade and RoboX. You can copy trade in real-time or automate your entire operation with these programs. You’ll choose from either a spread-only (standard) or commission (Razor) account.

Pros :

Plenty of external copy trading services to choose from Razor accounts offer competitive pricing for active traders.

Cons :

Selection of markets lacks compared to industry leaders No interactive learning, tracking of progress, or educational quizzes.

More Details.

Account Minimum.

AUD$200 or equivalent.

Pairs Offered.

Get Started securely through Pepperstone's website.

More Details.

4. IQcent.

Best for Tight Spreads: IQcent.

IQcent is an all-in-one trading platform with the capacity to help you trade crypto, other digital assets, indices, stocks, etc. This platform serves as a powerful took for international traders who want to diversify their portfolios and make it easier to gain access to a range of financial markets.

With IQcent, you also get:

A massive array of tradable assets High leverage options Small minimum order sizes Multiple (and instant) funding options.

IQcent offers a proprietary trading platform that’s compatible with a range of devices, and there’s no software or an app to download. Straightforward and easy to navigate, experienced or novice traders can jump into IQcent and get started today.

Pros :

Helps you mimic professional trading strategies with copy trading features Offers up to 1:500 leverage Funds are available one hour after closing a trade, with guaranteed withdrawal processing.

Cons :

Not registered with any U.S.-based regulatory body Accounts not available to U.S. citizens.

More Details.

Casual Investors.

Overall Rating.

Get Started securely through IQCent's website.

More Details.

Copy Trading and Forex: The Basics.

Copy trading is considered an offshoot of social trading. Social trading is a concept in which novice traders quickly increase their forex or stock market earnings by imitating seasoned traders. To do it, you might seek out a few experts whose trading style or strategy you want to copy. From there, you can use one of two methods:

Copy Trading.

When you copy trade forex, you set up your account to copy certain orders from one or many expert traders. Copy trading actually involves linking part of your account to the account of the expert you want to imitate.

Mirror Trading.

Mirror trading does not involve linking your account to an expert’s account. Instead, you set up your account to completely copy (or “mirror”) all trades from an expert.

To better explain how copy trading works, let’s invent an expert trader — Frank Forex. Frank Forex has a solid history of great returns in currency trading. Frank’s strategies are complex, so instead of learning them yourself, you hitch your wagon to Frank’s cart.

To copy trade with Frank Forex, you’ll link a portion of your account (minimum and maximum amount will differ by broker) to Frank’s account. When Frank makes a trade, your account makes the same trade in proportion. Most brokers have the option of copying certain types of trades or all the trades made in the linked portfolio. You should carefully review the rules for copy trading before proceeding as unsuspecting traders could get into trouble when they do not filter their settings properly.

If Frank Forex has a down year, you can choose to unlink your account with his and move on to Cindy Currency, the next high-rising trader you’d like to emulate. You should think of copy trading just like shopping for a renewable household item—when a better deal comes along, you should switch.

What to Look for in a Copy Trade Forex Broker.

Copy trading works differently depending on the broker you choose, so make sure you do your research. The platforms vary, but the best copy trade forex brokers do have a few things in common. Look for the following features when making your choice:

Low Minimums.

Low minimums are always a good feature to have in a forex broker, but we aren’t talking about minimums to open an account or execute a trade. Each broker has a minimum amount that must be put into an expert’s portfolio in order to copy their trades. Make sure your broker doesn’t have minimums that force you into copying only one or two other traders.

Easy-to-Use Platform.

One of the appeals of copy trading is you don’t need to do the research yourself. So why would you want to spend a lot of time troubleshooting trading software? Pick a broker with a simple interface and fast trade execution.

Diverse Network of Traders.

Diversification isn’t just for your 401(k). Social trading is a brewing phenomenon and a strong user base is the key to any social network. This is even more critical when you copy trade forex. Anyone can scroll through a list and copy the traders with 90% win rates in the current month. You want to be able to tap into a diverse network of traders who are practicing different strategies in different markets.

Remember that copy trading doesn’t just net you free money. Even the best traders go through long, cold streaks and they might have more capital to burn than you do. Copy trading is a way to avoid the nuts and bolts of the forex market, but it’s not an excuse to be ignorant. Try to learn why the traders you copy make their moves.

Get Started Copy Trading Forex.

If you’re new to the currency trading game, it might be hard not to feel like you’re at a disadvantage. If you can’t beat ’em, why not join them? Copy trading allows you to do just that.

Remember, though, that copy trading isn’t a shortcut to riches. You’ll still need to pick the right broker and understand the concepts at play when trades are posted to your account, otherwise you’ll likely get burned. If you want to get started copy trading, first open a demo account at one of the brokers listed above. You won’t risk any money and you’ll learn what types of trades you want to emulate.

Disclaimer: eToro is a multi-asset platform which offers both investing in stocks andcryptoassets, as well as trading CFD assets.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Cryptoassets are unregulated and can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptoassets is not supervised by any EU regulatory framework. Past performance is not an indication of future results.

Past performance does not guarantee future results. Trading history presented is less than 5 years and may not suffice as basis for investment decision.

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Copy trade forex 4

Best Copy Trading Forex Brokers in 2023.

The annual forex broker review (six years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. Here's how we test.

Forex copy trading — also known as social trading, mirror trading, or auto trading — has been growing in adoption and general popularity for over a decade. Industry information, financial news, and market analysis now all propagate at lightning speed – thanks in part to social media and an increasingly faster web experience.

These factors, together with the power of the crowd and advanced sentiment data, help to power social copy trading platforms, and the popularity of these platforms has soared as investors generate trading signals and enter the market with new positions that people want to copy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What is copy trading?

The idea of copy trading is simple: use technology to copy the real-time forex trades (forex signals) of other live investors (forex trading signal providers) you want to follow. This way, every time they trade, you can automatically replicate (copy) their trades in your brokerage account.

Best Forex Brokers for Social Copy Trading.

Here are the best forex brokers for copy trading, based on our testing of 39 brokers across 113 variables.

eToro - Best overall platform for copy trading AvaTrade - MetaTrader suite, ZuluTrade and DupliTrade Pepperstone - MetaTrader, DupliTrade, and Myfxbook Vantage - MetaTrader, ZuluTrade, DupliTrade, and Myfxbook FXCM - MetaTrader, ZuluTrade, and supports algorithmic trading Tickmill - MetaTrader, Pelican Trading, Myfxbook, and ZuluTrade FP Markets - MetaTrader, Myfxbook.

Best overall platform for copy trading.

Minimum Initial Deposit $10-$10,000 Trust Score 93 Tradeable Symbols (Total) 3458.

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies. eToro expertly merges self-directed trading and copy trading under a unified trading experience. Read full review.

Large number of investors to copy Extensive range of markets to trade User-friendly platforms and app No automated trading strategies Stops, limits mandatory on trades Research trails competitors.

MetaTrader suite, ZuluTrade and DupliTrade.

Minimum Initial Deposit $100 Trust Score 93 Tradeable Symbols (Total) 1260.

AvaTrade is a trusted global brand that offers an impressive selection of trading platforms, exceptional educational content, and average pricing and research. Our testing found AvaTrade to be great for copy trading, with AvaSocial, ZuluTrade, and DupliTrade available. Read full review.

AvaOptions app is an excellent forex options mobile trading platform Offers 44 forex options and over 1,200 CFDs Pricing for retail accounts is average, but trails industry leaders Desktop platform is slow to load, has outdated design.

MetaTrader, DupliTrade, and Myfxbook.

Minimum Initial Deposit $200 Trust Score 93 Tradeable Symbols (Total) 1200.

Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms. It offers both MetaTrader and cTrader, and its wide range of available third-party tools and plugins enhances its already-impressive suite of available platforms. Read full review.

Large selection of third-party copy trading platforms Competitive pricing for active traders using Razor accounts Selection of markets trails industry leaders No interactive courses, progress tracking or educational quizzes.

MetaTrader, ZuluTrade, DupliTrade, and Myfxbook.

Minimum Initial Deposit $50 Trust Score 83 Tradeable Symbols (Total) 1000.

Vantage’s copy trading platform trio includes ZuluTrade, DupliTrade, and Myfxbook’s AutoTrade. While Vantage trails industry leaders in areas such as research and education, its MetaTrader offering is bolstered by content powered by Trading Central and a proprietary mobile app. Read full review.

Ranks among best MetaTrader brokers Multiple copy trading platforms Trails industry leaders in apps and research Education falls short.

MetaTrader, ZuluTrade, and supports algorithmic trading.

Minimum Initial Deposit Starts from $50 Trust Score 96 Tradeable Symbols (Total) 441.

FXCM is a good choice for copy trading with its support for ZuluTrade, and a great choice for traders who appreciate advanced trading tools and quality research – though its range of markets remains fairly narrow, and pricing at FXCM is just average. Read full review.

Excellent platforms and tools High-quality market research Pricing is slightly higher than industry average Narrow range of tradeable markets.

MetaTrader, Pelican Trading, Myfxbook, and ZuluTrade.

Minimum Initial Deposit $100 Trust Score 82 Tradeable Symbols (Total) 295.

Tickmill is most valuable to high-volume, high-balance traders who want to trade only the most popular forex and CFD instruments. Tickmill does offer a variety of copy trading platforms, with support for Pelican Trading, ZuluTrade, and Myfxbook’s AutoTrade feature. Read full review.

Highly competitive pricing Above-average research and education offerings Small range of markets available for trading.

Minimum Initial Deposit $100 AUD Trust Score 86 Tradeable Symbols (Total) 9956.

FP Markets offers competitive pricing and a decent range of social copy trading tools and platforms. Traders at FP Markets gain access to the broker’s own social trading platform, as well as the MetaTrader signals market and Myfxbook. Read full review.

Very competitive spreads Industry-leading pricing on MetaTrader Room for improvement in education Mobile trading app lacks features offered by industry leaders.

Copy trading history.

Many of the early pioneers in social trading technology started out as third-party platform developers, such as Tradency, ZuluTrade, and eToro. While some of these firms are still independent service providers, or (ISPs), others went in a new direction. eToro, for example, became a broker – check out our full-length eToro review (and our review of eToro’s U.S. stock trading offering at our sister site,

Today, thanks to precise legal definitions and ever-evolving trading technology, regulators in nearly every jurisdiction consider copy trading to be self-directed — because the client must decide who to copy, even if the copying happens automatically (for each signal).

It's important to note that not all trading platforms with social features provide copy trading.

Forex copy trading platforms comparison.

Using our forex brokers comparison tool, here's a summary of the trading platforms offered by the best copy trading brokers.

Feature eToro AvaTrade FXCM Pepperstone FP Markets Tickmill Vantage Virtual Trading (Demo) Yes Yes Yes Yes Yes Yes Yes Proprietary Platform Yes Yes Yes No Yes No Yes Desktop Platform (Windows) No Yes Yes Yes Yes Yes Yes Web Platform Yes Yes Yes Yes Yes Yes Yes Social Trading / Copy Trading Yes Yes Yes Yes Yes Yes Yes MetaTrader 4 (MT4) No Yes Yes Yes Yes Yes Yes MetaTrader 5 (MT5) No Yes No Yes Yes Yes Yes DupliTrade No Yes No Yes No No Yes ZuluTrade No Yes Yes No No Yes Yes Charting - Indicators / Studies (Total) 66 90 57 15 30 30 30 Charting - Drawing Tools (Total) 13 13 26 30 15 15 15 Charting - Trade From Chart No Yes Yes Yes Yes Yes Yes Watchlists - Total Fields 6 6 12 7 7 7 7 View More.

What is the best copy trading platform?

Our testing found that eToro is the best copy trading platform available in 2023, compared to the range of platforms available from brokers and third-party provides such as ZuluTrade, cTrader, the MetaTrader Signals market, DupliTrade, and Myfxbook.

Check out our mobile walkthrough of eToro's copy trading platform, CopyTrade:

In the above video walkthrough, we demonstrate how simple it is to find and select a signal provider in eToro's CopyTrader. We scroll through the signal provider's profile (which includes the trader's Overview, Stats, Portfolio, and Charts), and then we select how much to allocate towards copying the trader.

Overall, eToro is our top pick for social copy trading and cryptocurrency trading in 2023. Check out our full-length eToro review to see video walkthroughs of eToro's user-friendly web platform and well-designed mobile app – both of which are great for casual investors and beginners.

Is copy trading legal?

Copy trading is legal in most countries, as long as the broker itself is properly regulated. When investing in financial markets through a regulated broker, there are procedures in place during the account opening process that should ensure it is legal for you to trade (depending on your country of residence).

Is copy trading legal in the U.S.?

Yes, copy trading is legal in the U.S. – provided that your broker is properly regulated by either the Commodity Futures Trading Commission (CFTC) in the case of forex or the Securities and Exchange Commission (SEC) for stocks. For cryptocurrency copy trading, your broker must be a registered Money Services Business (MSB) and licensed by FinCEN. In legal terms, copy trading is typically treated as a self-directed account.

Before copy trading existed, a power of attorney form was required to authorize a fund manager to trade on your behalf. Today, individual investors agree to a Letter of Direction (LoD), which is a form that authorizes the broker to copy the trades of other traders automatically based on your explicit instruction.

Fun fact: The LoD (which is now incorporated in each platform’s terms and conditions) was a crucial piece of the innovation that helped legalize copy trading in the U.S., making it largely indistinguishable from a regular self-directed brokerage account. That said, in certain countries, there are still restrictions. In the U.K., for example, additional money-management licenses are required for copy trading.

Which US Brokers offer copy trading?

The following U.S.-regulated brokers offer copy trading either via their proprietary platform or from within the Signals market on MetaTrader:

How do you copy trade?

To do your own copy trading, start by selecting the traders whose trades you want to copy. Then, you’ll just need to decide whether you want to copy just their existing trades or begin copying their new trades going forward. You’ll also want to set your own limits and/or thresholds for risk management purposes.

cell tower Pro tip:

Traders who share their real-time trades for the purpose of copy trading are known as signal providers. Each user, or trader, can decide to which degree they want to copy the signal provider.

Copy trading platforms allow users to automatically copy the trades of available signal providers in real-time using individually customized account settings and platform tools. Each copy trading platform provides its own set of optional controls to protect investors. For example, you can customize the amount of capital at risk for each signal provider that you are copying. This way users can set a maximum drawdown limit to prevent losses from going beyond their risk tolerance threshold.

How to copy trade in 7 steps:

Compare performance rankings and statistics from among the traders that are available to be copied. Depending on your goals and risk/reward tolerance, narrow down your selection to the signal providers that best fit your desired criteria. Analyze and compare the remaining candidates and decide which to copy, (if any), and determine how much of your balance to allocate towards copying each trader. Fine-tune any risk/reward parameters for each trader that you have copied, and consider whether you will copy their existing open positions, or only new positions moving forward. Once you are comfortable with the settings you have configured, click to copy trade the traders you have decided to follow. Monitor the performance of your trading account as often as needed, depending on the frequency of trades established in your copy trading account. Adjust your parameters and subscriptions as conditions change (such as signal provider performance, or your own market expectations.

How do you copy the best traders?

The best copy traders (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.

Try to look at more than just the absolute returns when comparing the best traders to copy. It’s best to review additional performance metrics — average profit and loss, the number of trades placed, and average trade duration — when making your decision. Depending on your goals, it can also be important to find the right balance of diversification.

Pro tip: You should always consider the time horizon (or, expected duration) of your investment when copying another trader. Even if you’ve analyzed the signal provider’s historical performance and found it to be consistent, keep in mind that their investment strategy may vary day-to-day in frequency and/or volume. There’s no crystal ball to predict the movements of the markets, so it’s important to seek out traders that are statistically consistent.

Can you make money from copy trading?

Copy trading is like any investment, in the sense that you can either make money or lose money. Your profitability is determined by which traders you follow, as well as the timing of when you copy their trades — both of these factors will affect any resulting profits or losses.

You should assess the profitability of each trader before choosing which one to follow, and remember: just because a trader is making money at a particular time doesn't mean it's the best time to copy them.

As the market adage goes, "Past performance is not indicative of future results." As copy trading is risky (and many traders do lose money), you should only invest what you are willing to lose. Start with a small amount of capital, and do thorough research before committing to a strategy.

How do I choose the best trading system to forex copy trade?

The best trading system to copy isn't necessarily the most profitable. It is crucial to align your risk parameters with the strategy that best suits your investment goals. For example, a more conservative investor may choose a system with a lower average loss per trade, relative to the average profit. On the other hand, a more aggressive investor may choose a strategy that has higher volatility, which means a higher risk for losses — but also higher relative potential profits.

Many modern copy trading forex platforms contain hundreds or even thousands of signal providers. As a result, it can be difficult for traders to decide who to follow. Thus, it is always important to do research, start with a small amount, and never risk more than you are willing to lose.

Is copy trading a good idea?

While it may sound like a good idea to automate your trading strategy, copy trading still requires active account management — it's not a quick fix or an easy way to make money. Though it's not for everyone, copy trading can help you diversify your existing portfolio when used correctly, and the best copy-trade brokers will offer tools to help you manage your account.

Whether or not copy trading is a good idea for you will depend on your preferences, overall goals, risk tolerances, and what percentage of your portfolio you plan on allocating to copy trading. You'll still need to specify various risk/reward parameters and maximum drawdown thresholds and decide which providers to copy (if any).

Copy trading still requires you to work when setting it up because it's considered a self-directed account in most countries, compared to a set-it and forget-it investment fund or other passive investments where other people make investment decisions for you.

Is copy trading good for beginners?

Copy trading can be good for beginners, provided they learn the basics and approach copy trading the same way they would any other self-directed trading account. Beginners should always start small before trading more seriously with larger amounts, and it’s always wise to learn how to use the software with a demo account before diving straight into live trading of any kind.

That being said, copy trading is not a replacement for your trading needs – regardless of your experience level. Instead, copy trading should be thought of as a way to complement your portfolio and existing trading tool arsenal.

It’s important to note - especially for beginners - that copy trading is not a replacement for managing your own account, and it requires that you take full responsibility for making decisions that can affect your trading results.

school Getting started:

Check out our popular guide to forex trading for beginners. We'll help you pick a forex broker that's great for beginners, and give you an educational introduction to forex world.

Prudent beginners will analyze all available performance metrics when deciding whether or not to copy a particular trader. For example, understanding a given signal provider’s risk tolerance is just as important as measuring their average profits or their overall results. It’s also important to look at a signal provider’s trading volume and frequency, and to decide whether their style of trading would be suitable for your own account balance, profit goals, and risk tolerance.

Overall, copy trading can have its place for beginners – so long as they take full responsibility for managing their choices. Beginners who adopt copy trading can adopt good practices, such as keeping track of their account performance to make changes as needed, but copy trading is not a replacement for self-directed trading, and should not be thought of as a passive investment or managed account.

How do you copy a trade?

Once you’ve decided which traders you want to copy from within the copy trading platform, you’ll allocate a portion of your account balances towards each trader (or, signal provider) to enable copy trading.

For example, if you are copying a trader who buys 100,000 units of the EUR/USD currency, you will see the same proportionally-sized trade in your account – depending on how much you allocate. The trade size in your account may be smaller or larger, depending on how you configured your account when initially subscribing to copy each investor).

Pro tip: Once you find one or more traders you wish to copy from within a copy trading platform, you will need to decide whether you want to only take on any new trades they establish, or immediately copy any of their pre-existing positions that may already be open. There may be additional parameters that you can configure — such as the maximum amount of risk you are willing to take for each trader you copy — and other controls that may affect how you manage your account when copy trading (these can vary depending on the copy trading platform you use).

Besides choosing a trader with good historical results, it's important to look at the performance statistics for each system, such as the amount of risk taken (maximum drawdown) and average trade size, duration, and frequency of trades. Some investors select more than one strategy, but having enough capital and choosing the right risk parameters (if any) is crucial when you copy trade forex strategies. Remember, copy trading is risky. Never invest more money than you are willing to lose.

Does copy trading really work?

Yes, copy trading really works, and you can verify the proof by checking the results of the best-performing traders. Likewise, there are traders that do lose money when copy trading. The key to success is picking the right strategies at the right time, and then allocating enough capital to each strategy, in addition to setting any risk/reward thresholds depending on your needs.

Copying a trader who has a successful track record or history of positive returns is no guarantee that you will succeed, although it can help increase the probability of making money compared to copying a trader that has poor historical performance.

Pro tip: The tools available for analyzing traders and managing risk can vary widely across copy trading platforms, and database biases may come into play (for example, recency bias, which can lead to simply following the trader currently performing best, which is not always the best choice). In addition, investors may be led astray by strategy drift — which is when a trader deviates from the strategy that led to their historical performance, which can produce unexpected results. The key to success is to do your research and keep up to date with your account performance, and intervene when necessary if copy trading doesn't work for you.

Other thoughts on copy trading:

Understanding how social copy trading networks calculate trading performance is an essential aspect of successful copy trading, as it affects the ordering of trader rankings. The method used to measure and track profit and loss also influences trade copiers.

Instant backfill bias is just one example of the challenges social trading technology developers face if they permit traders to instantly upload their entire trading history at the click of a button.

Such challenges have been known for years, and thanks to broker procedures, regulation, and robust technology, these concerns are mostly non-issues, especially for top-rated forex brokers. Nonetheless, if in doubt, it's always prudent to check and ask questions.

Winner: eToro.

eToro Review is a winner for its easy-to-use copy-trading platform where traders can duplicate the trades of investors across over 2300 instruments, including exchange-traded securities, forex, CFDs, and popular cryptocurrencies.

Trust: eToro was founded in 2007 and is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker (low-risk) for trading forex and CFDs. Commissions: For trading forex and CFDs, eToro is slightly pricier than most of its competitors, despite recently cutting spreads and introducing zero-dollar commissions for U.S. stock trading. Copy trading platforms: eToro's main innovation is merging self-directed trading and copy trading under a unified trading experience. It is a winning combination.

Note: Past performance is not an indication of future results.

Runner-Up: AvaTrade.

AvaTrade is a trusted global brand best known for offering traders an extensive selection of trading platform options. Our testing found AvaTrade to be great for copy trading, competitive for mobile, mostly in line with the industry average for pricing and research, and a winner for investor education.

Trust: Founded in 2006, AvaTrade is regulated in three tier-1 jurisdictions and three tier-2 jurisdictions, making it a safe broker (low-risk) for forex and CFD trading. Commissions: Compared to pricing leaders such as IG and Saxo Bank, AvaTrade does not rank among the best brokers for low-cost trading, except for clients designated as Professional traders in the EU. Copy trading platforms: Alongside MetaTrader, AvaTrade offers its proprietary platforms, as well as ZuluTrade and DupliTrade, for social copy trading. The variety of platform options makes AvaTrade competitive in this area. 2023 Overall Ranking.

Here are the Overall rankings for the 60+ online brokers who participated in our 2023 Annual Review, sorted by Overall ranking.

Company Overall Rating Offering of Investments Commissions & Fees Platform & Tools Research Education Mobile Trading Trust Score Visit Site IG 99 Saxo Bank 99 Interactive Brokers 99 CMC Markets 99 TD Ameritrade 99 99 City Index 99 XTB 95 eToro 93 Swissquote 99 AvaTrade 93 FXCM 96 Plus500 98 77 XM Group 90 Pepperstone 93 OANDA 92 Admiral Markets 87 FP Markets 86 98 IC Markets 86 FxPro 90 Fineco Bank 92 Tickmill 82 BlackBull Markets 74 DooPrime 84 BDSwiss 83 TMGM 79 HFM 85 FlowBank 77 HYCM (Henyep) 86 Vantage 83 Trading 212 77 Eightcap 87 Trade Nation 83 Moneta Markets 71 ThinkMarkets 86 VT Markets 71 ACY Securities 75 easyMarkets 84 RoboForex (RoboMarkets) 69 IronFX 84 Exness 74 Spreadex 70 Trade360 75 AxiTrader 83 GKFX 66 Vestle 79 OctaFX 67 FXOpen 80 TeleTrade 67 FXPrimus 69 Forex4you 62 LegacyFX 75 GBE brokers 69 Alpari 67 TopFX 67 Libertex (Forex Club) 72 ATFX 70 UFX 67 Xtrade 80 Tradeo 67 View More.

Popular Forex Guides.

Best Forex Brokers Best Forex Brokers for Beginners Best Forex Brokers for Copy Trading Best MetaTrader Brokers Best Forex Trading Apps Best Zero Spread Forex Brokers Compare Forex Brokers.


At, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies (click here to learn about how we calculate Trust Score).

In order to assess the best brokers for copy trading, we conduct extensive research on a wide variety of copy trading platforms and services. We test copy trading platforms as provided by the online brokers themselves, and evaluate the overall proprietary social copy trading experience, and we test copy trading services offered by third-party providers.

We also examine the costs of these services, to determine whether these costs are folded into the spread or charged as standalone fees or subscriptions, for example. We test these services across a variety of platforms and devices and assess the fluidity between self-directed trading and copy trading within each broker’s offering.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS 12.5 to test copy trading on the go. We also test copy trading services on mobile devices; for Apple, we test using the iPhone XS running iOS 15, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 12.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.

Forex Risk Disclaimer.

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

About the Editorial Team.

Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance 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).

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

John Bringans is the Senior Editor of An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck is the Content Strategist and Research Analyst for He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Copy trade forex 3

Is Copy trading the Forex Hack We Need?

Copytrading is a new proprietary service that allows both Forex noobies and experts to profit through cooperation.

It’s a one-of-a-kind program that’s transforming the way people trade in the Forex market.

Essentially, copytrading is like a having cheat code that levels up your experience from noob to master with one click of your mouse.

What Is Copytrading and How Does It Work?

For beginners, the name of the game is simple, where should you begin? For professionals, you might be wondering what benefit is in there for you.

Well, fortunately for you we cover both sides of the coin, but first, let’s take a look at the beginner’s point of view.

Let’s start with the beginners. Your first step is to begin by browsing reputable forex brokers who offer a copytrading service.

As an example, let’s take a look at’s top Copytrading platform in 2022, OctaFX.

They provide an in-depth “Master Traders” list. You can check their activity, history, results, and trading strategy.

Advantages and disadvantages of Copytrading.

Easy to get started Limits profit loss Manage risk more effectively Passive investment strategy.

Of course, it’s also crucial that you have an open mind. A lot of new traders get caught up in the idea of feeling or appearing inferior by “getting help.” This sort of cavalier mindset could prove costly. Leave your ego at the door!

What About Volume and Leverage Differences?

Of course, it’s understood that everyone is not going to have the same type of bankroll. You’ll have the flexibility in choosing to trade proportionally based on your account balance or a 1 to 1 ratio. Let’s take a look at the difference in volume and leverage to understand more.

OctaFX Copytrading uses the following calculation:

Volume (copied trade) = Equity (Copier)/Equity (Master Trader) × Leverage (Copier)/Leverage (Master Trader) × Volume(Master Trader).

Let’s take a look at an example.

For instance, if the Master Account’s equity is $500 , and the leverage is 1:200 , the Copier account equity is $200 , and the leverage is 1:100 .

1-lot trade is opened on the Master Trader’s Account.

The volume of the copied trade will be 200/500 × 100/200 × 1 = 0.2 lot .

Did you get all of that?

Basically, the calculation is done proportionally to that of the Master traders.

Okay, I’m Ready! But Which Master Trader Should I Choose?

OctaFX Copytrading is highly detailed. You’ll be able to view the Master Trader’s statistics.

For instance, their profit and how often they trade. Additionally, it will tell you exactly how many people are currently copying the Master Trader’s orders and what their commission is, so you can trade with confidence.

OctaFX Copytrading removes the fuss and complexity out of Forex trading. We think that’s pretty cool.

What else should I know?

That’s it. As a copier, you don’t need to worry about the several hundred possible variables that can impact the price of gold versus the dollar.

You sit back, relax, grab a pina colada, or use your newfound free time to begin learning the ins and outs of Forex trading en route to becoming an expert.

You can choose to monitor the trades, though they will open and close in real-time, keep in mind the time zone of the expert you’re copying!.

The best part is you can stop copying a Master Trader at any time with a simple click of the button.

How Do I Go from Beginner to Master Trader?

Everyone has to start somewhere. They say Rome wasn’t built in a day and neither are Forex trading masters.

However, it doesn’t have to be a complicated process.

There are many training programs found on the web.

Some offer detailed video instructions and testing which allow you to go from zero to hero.

About OctaFX.

We're here to create a cost-effective trading experience where Forex traders, new and professional, can earn more with the same investment.

Copy trade forex 2

7 BEST Copy Trading platforms & Apps [Copy Trade in 2023]

Copy Trading is a software application that enables individuals in the financial markets to automatically copy positions opened and managed by another selected expert trader. This method allows traders to copy specific strategies with the desired leverage. You could invest lower or higher than the suggested allocation recommended by the strategy owner.

Following is a handpicked list of copy trading apps and platforms with their popular features and website links. The list contains both open source (free) and commercial (paid) software. Read more…

Best Copy Trading Platform: Top Picks.

#1 Best Overall.

✔️ Securities Traded: Forex, Cryptos, Stocks, Commodities, ETF, etc.

✔️ Regulations: EU CBI, PFSA, ASIC, etc.

✔️ Demo Account: Yes.

✔️ Min. Deposit: $100.

#2 Top Pick.

✔️ Securities Traded: Crypto, CFD, Stocks, ETF.

✔️ Regulations: CIF, CySEC, FCA, MiFID, AFSL, ASIC.

✔️ Demo Account: Yes.

✔️ Min. Deposit: $50.

✔️ Securities Traded: Forex, Indices, Commodities, Cryptos, etc.

✔️ Regulations: Australian ASIC.

✔️ Demo Account: Yes.

✔️ Min. Deposit: $50.

✔️ Securities Traded: Forex, CFDs, Indices, Commodities, Cryptos, etc.

✔️ Regulations: CySEC, FCA.

✔️ Demo Account: Yes.

✔️ Min. Deposit: $0.

✔️ Securities Traded: Crypto, Forex, Commodities, Indices.


✔️ Demo Account: Yes.

✔️ Min. Deposit: 1 USDT.

#1) AvaTrade.

AvaTrade is one of the best forex copy trading platform based in Ireland and regulated in Europe by the Central Bank of Ireland. They are one of only a few top forex brokers to offer fixed spread forex trading. Avatrade provides an extensive range of copy trading and social platforms for you to choose from.

This is one of the best copy trading platform that allows automatic real-time copying of trading operations from one trading account to another. It is available straight from the Meta-Trader 5 platform. The service principal is simple: a trader provides public access to the deals they execute on financial markets, while it also allows other users to subscribe to this signal. It automatically does the execution on subscribers’ trading accounts.


Provide free and paid signals are featured on the Signals tab of the MetaTrader platform. Take Control From Anywhere In The World Global Regulated best forex copy trading Broker Trade Cryptos as CFDs and enjoy 24/7 trading Funding methods: Bank transfer, Credit Card, and Paypal Platforms: MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps.

Key Specs:

Demo Account: Yes Minimum Deposit: $100 A security traded: Forex, Cryptos, Stocks, Commodities, Futures, Indices, Bonds, ETF. Regulations: EU CBI, PFSA, ASIC, BVIFSC, FSA, FFAJ, SAFSCA Founding Year: 2006 Customer support: Live Chat, Email, Phone.

#2) Etoro.

Etoro is a copy trading platform that was established in 2006 and is used by over 12000000+ traders. This copy trading platform offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index-Based Funds, Exchange Traded Funds (ETF).

The eToro is one of the best social and copy trading systems ideal for beginner users who prefer to stick to more simple usability.


Trade and invest in top stocks and ETFs. Build your crypto-based portfolio. Meet your investors Platforms: Web Trader, Tablet & Mobile apps Account Types: Micro account Standard account Islamic account VIP account.

Key Specs:

Demo Account: Yes Minimum Deposit: $50 Security traded: Crypto, CFD, Stocks, ETF Regulations: CIF, CySEC, FCA, MiFID, AFSL, ASIC Founding Year: 2007 Customer support: Live Chat, and Email support.

(Disclaimer: 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money..)

#3) PrimeXBT Copy trading.

PrimeXBT is a copy trading platform that allows traders of all experience levels; from experienced to novices alike. It helps Professional traders to monetize their skills by allowing others to copy their strategies.


Allows margin trading of cryptocurrencies and traditional assets. You can set a stop loss/take profit order. Provides access to a wide range of markets and offers 100+ trading instruments all in one platform.

Key Specs:

Demo account: Yes; demo account available in the Contest module. Minimum Deposit: No minimum deposit Securities Traded: Forex, indices, commodities, cryptocurrencies. Regulations: Australian ASIC Founding year: 2022 Customer Support: Live Chat and Email support.

#4) Naga.

Naga is a copy trading platform that automatically copies your trade. It helps you to discover other investor’s stats on the leader board and select who to copy to get the highest profit in your trade.


You will get full access to all Naga trading markets. Messenger for sharing analysis. Allows you to adjust your auto-copy ratio or set the specific investment amount You can set stop loss and take profit limits to secure your trading profits and limit your losses. It offers easy to use investors leaderboard. Supported platforms: iOS and Android.

Key Specs:

Demo Account: Yes Minimum Deposit: No, there’s no minimum amount required for first-time deposits. Security traded: Forex, CFDs, indices, shares, commodities, cryptocurrencies. Regulations: CySEC, FCA Founding Year: 2022 Customer support: Phone support, Live Chat, and Email support.

#5) BingX.

BingX is a copy trading platform with over 1 million users within 100+ regions, BingX provides over 100 cryptos ranging from Bitcoin, Ethereum, Dogecoin, Safemoon to Solana, etc. Users can use a demo account for copy trading to reduce the risks. Using key indicators like trader’s Account Assets, Cumulative P&L, 30D Profit Rate, Max. Drawdown, etc, users can study the strategies while making profit.

With the launch of the new feed feature, traders can now post their speculations on future trends and insights, thus encouraging interactions between copy traders. BingX’s copy trading system also supports DeFi, NFT, Indices, Commodities, Forex and Layer2. In order to display trader’s performance in a more comprehensive way, BingX traders now can enrich their homepage by accessing another exchange’s API.


Social trading/Copy trading & copy trading pro Auto-trading robot Demo trading Feed function to facilitate traders’ discussions 24/7 trading availability Cryptocurriences review.

Key Specs:

Platforms: Web Trader, Tablet & Mobile apps Demo Account: Yes Minimum Deposit: $0 Security traded: Crypto, Forex , commodities and indices Regulations: Australia DCE AUSTRAC, EU CBI, MTR, FINTRAC MSB Founding Year: 2022 Customer support: Live Chat and Email support.

Sign up now to enjoy exclusive rewards of $120, Guru99 users-ONLY.

#6) ZuluTrade.

ZuluTrade supports over 40 forex brokers, one of which being their integrated solution (AAAFx). It allows investors with existing brokerage accounts to link a new account via their existing broker easily.

This is one of the best copy trading platform, which helps you filter brokers based on minimum Deposit to start forex trading, mobile support, etc. ZuluTrade also allows login via Facebook, convenient for those who regularly log in to check their account.


You can download a spreadsheet of all the simulated trades. ZuluTrade is free to join, as you just need to pay the spread on trades. Allows investors to copy other investors’ portfolios, Provide an alert if a margin call occurred and even allows you to download a spreadsheet of all the simulated trades.

Key Specs:

Demo Account: Yes Minimum Deposit: $200 Security traded: Forex, Cryptos, Stocks, Commodities. Regulations: CFTC, NFA Founding Year: 2007 Customer support: Live Chat, Email, Phone.

#7) FXTM.

FXTM is another popular copy trading platform. This is an international ECN broker who is also very active, particularly in Asian and African markets. They offer an extensive range of account type choices.

This copy trading platform also offers the FXTM Invest service for a minimum deposit of $100.

You can start out copying top traders at FXTM with a minimum deposit as low as $100. This makes copy trading extremely accessible.


Access all your trading accounts from one place. Trade over 250+ financial CFD instruments on the move. Cross-device trading between desktop and phone. View real-time prices and live price updates. Access a variety of different order function Multiple regulations (FCA, CySEC, FSC). 250+ financial CFD instruments. Commission-free trading available. Wide range of research and education.

Key Specs:

#8) Meta Trader 5.

Meta Trader 5 is a powerful platform for Forex and Exchange markets. This best forex copy trade service provider uses the MQL5 language, the automated trading software that runs on your computer and trades on behalf of you. This copy trading platform allows you to open 100 currency or stock charts at a time, and the 21 timeframes enable comprehensive and detailed analysis of even minor price movements.

MetaTrader 5 offers desktop, web, and mobile versions of the platform. This one of the best social trading platforms uses the MQL5 language, the automated trading software that mostly runs on your computer and trades for you.


Best interface Improve chart and graphics It is one of the best copy trade platform that offers new quote on orders Fast, easy, and flexible Save data and manipulation of trade is simple. Very great visual display and the color and time frame.

Key Specs:

Demo Account: Yes Minimum Deposit: NA A security traded: Forex, Stocks, Cryptos. Regulations: NA Founding Year: 2000 Customer support: Phone only.


❓ Is Copy Trading legal?

Yes, copy trading is legal in most countries, provided that the broker itself is properly regulated. When investing in the financial markets using a regulated-broker and legalizes your account and the traders carried within them. However, all of these completely depend on your country that you are living in.

�� Which are the Best Copy Trading Platforms?

Here is a list of the best Copy Trade software:

⚡ How Does Copy Trading Work?

To learn about copy trading, one of the most important things to be informed about the actual process of copy trading.

Here is how it works:

In copy trading, the trader opens a trade. The investor (you) then copies that trader. This usually happens automatically and without the requirement for any manual interventions. You may profit or lose with the trader you have copied. So if their positions grow, so will yours. However, the opposite can also happen.

Here, most important point to note is that everything is proportionate. Therefore you can invest whatever amount you like depending on the broker rules.

So, by using the service of your copy trader, you will gain or lose proportionately. However, you need to remember when selecting the traders to copy, you should know your trader’s position sizes they usually open, as this can impact your investment.

Let’s take this example: Assuming that you are a trader who opens trades on multiple assets where the average profit ratio is already at +15%, you decide to invest just $100. Finally, the profit/loss moves to +20%, so you close out your position because of the trader. However, you had only earned +5% because you started copying when the trader was already at +10% profit.

❗ Why Copy Trading?

Copy-trading allows copying positions of another trader, and lately, it has become more popular. There are many traders who create ‘People-Based’ portfolios to invest in other investors instead of trading themselves.

Here are some reasons worth discussing why copy trading is becoming popular:

Time-Saving: Copy-trading saves time when compared to manual trading. Therefore, a trader who doesn’t’ have time or does not have enough knowledge should go for copy trading. Education: Copy trading is also best to approach to learn trading strategies. This platform also allows you to raise questions and read why certain trade was implemented. Access to Global Markets: Traders have limitations, so it is impossible to become an expert in all the world markets. With the help of a copy trading platform, you don’t remain betrayed by any financial market. In the copy trading method, you will also get exposure to global markets and gain a global knowledge base. Diversification: A diversification portfolio may have very little risk, and doing copy trading is one of the best ways to do so. This helps you to copy trades of several investors and earn a good income month after month. However, doing this without using the proper tool is impossible, and even an experienced trader recommends copying in today’s financial scenario.

�� Can you make money copying trades?

Just like any other investment, you can also make money or lose money from copy trading. The idea behind copy trading is to assess each trader’s profitability before selecting which signal provider you want to follow.

�� What is the difference between copy trading, social trading, and mirror trading?

Here is brief information and the main difference between all three trading platforms:

Social trading : Social trading is the easiest method for new or novice traders to learn and invest based on interacting with experienced traders using various social platforms. When in binary option social trading, you need to communicate with your preferred traders or peers, sharing strategies or technical analysis, hoping to learn and create an ideal investment method that fulfills your goal.

The biggest drawback of this trading method is that you need to constantly monitor the market’s flow and decide on individual trade trends. This is certainly a time-consuming process.

Copy-trading: Copy Trading is a software application that enables individuals in the financial markets automatically to copy positions opened and managed by another selected really. This technique allows traders to copy certain trading strategies. Copy-trading links a portion of the copying trader’s that funds to the copied investor’s account.

It’s one of the most effective trading strategy for individuals who don’t necessarily have the time to trade independently. Here, you just need to fund your account, leave it alone, and hope to see it grow, or you can monitor.

Mirrors trading: Mirror trading is mirroring the trading of a particular strategy. In these trading methods, companies combine their top traders’ strategies to produce reliable and accurate signals for their consumers. Today, it is considered an ideal method as it is much improved with big data and artificial intelligence. As a result, mirror trading is relatively accurate and predictable; they are perfect for investors who want to know all the forex trading.

The biggest drawback of this trading method is that you have to mirror everything. You can’t pick and select the signals you want to follow. Though, the whole process is fully automated.

�� How to choose the best Copy Trading Platform?

Selecting the best copy trading platform is not as easy as you may think. You need to consider many factors while selecting your copy trading software.

Here are some important factors that you need to remember in your section process of copy trading apps:

Regulation and security : Do top-tier institutions regulate it? Does it offer investment protection? Where is it based and operating for how long? Is it publicly listed? How is the review of their customers? Number and quality of traders to copy: Social and copy trading derive from people. Thus, one of the most important factors is the number of users and the number of strategies/traders you can copy/follow. It increases your range of choice, the chances that you will find good traders, and a way to use the wisdom of the crowd in your favor. Transparency in details about the traders you can copy. In general, you should understand, analyze, and assess their strategies, style, and track record: the more information, the better. Finding Winning Traders: Most forex social trading platforms make it simple to track which traders offer the highest ROI, which takes quite a big imagination power to decide who to copy.

�� Who are some good traders to copy at eToro?

Jeppe Kirk Bonde ( Olivier Danvel ( : only trade forex, only green months since Jan 2022. His goal is 1% per month, pretty consistent so far Mariano Pardo ( : 5th year in a row with positive returns (4 out of 5 superior to 25%) BalanceAM ( : low risk score (3), very good 2022 year. Seems to be becoming very popular recently Libor Vasa ( : yearly positive returns since 2014.

BEST Copy Trading Apps & Software.

#1 Best Overall.

✔️ Securities Traded: Forex, Cryptos, Stocks, Commodities, ETF, etc.

✔️ Regulations: EU CBI, PFSA, ASIC, etc.

✔️ Demo Account: Yes.

✔️ Min. Deposit: $100.

#2 Top Pick.

✔️ Securities Traded: Crypto, CFD, Stocks, ETF.

✔️ Regulations: CIF, CySEC, FCA, MiFID, AFSL, ASIC.

✔️ Demo Account: Yes.

✔️ Min. Deposit: $50.

✔️ Securities Traded: Forex, Indices, Commodities, Cryptos, etc.

✔️ Regulations: Australian ASIC.

✔️ Demo Account: Yes.

✔️ Min. Deposit: $50.

✔️ Securities Traded: Forex, CFDs, Indices, Commodities, Cryptos, etc.

✔️ Regulations: CySEC, FCA.

✔️ Demo Account: Yes.

✔️ Min. Deposit: $0.

✔️ Securities Traded: Crypto, Forex, Commodities, Indices.


✔️ Demo Account: Yes.

✔️ Min. Deposit: 1 USDT.

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Forex Bauru

Pele, King of Football, is no more. From World Cup wins, goals to personal life, all you need to know.

Pele thought of football as a beautiful game, hence it becomes important to trace his life history full of success and failures.

Brazil's all-time leading scorer Pele possibly was the best player to ever play the game with 77 goals in 92 international games. The peerless, three-time World Cup champion personified the beautiful game, a sport filled with talent, quickness, and inventiveness.

On October 23, 1940, Pele was born into a low-income household in Tres Coracoes, southern Brazil. Given that electricity had only recently been given to his village, his full name, Edson Arantes do Nascimento, was in honor of US inventor Thomas Edison, as he stated in a tweet from 2014.


Pele has remained the only player to win the world cup thrice. He won the coveted trophy in 1958, 1962 and 1970 and scored 12 world cup goals.

At the age of 17, Pele scored twice in the World Cup final in 1958 as Brazil defeated the host Sweden 5-2. He was the youngest to score a goal in the history of the World Cup and was the only player under the age of 17 to do it.

However, injury limited his participation in Brazil's victory in 1962 in Chile, and in the 1966 competition in England, he was closely watched and subjected to several, at times severe, fouls.

A inspiração e o amor marcaram a jornada de Rei Pelé, que faleceu no dia de hoje.

Amor, amor e amor, para sempre. . Inspiration and love marked the journey of King Pelé, who peacefully passed away today.

He won the award four years later, when Brazil put together one of the best teams ever and won the Jules Rimet medal in Mexico.

The team, which included players like Jairzinho, Tostao, and Rivellino, defeated Italy 4-1 in the championship under the direction of Carlos Alberto.


Pele spent 18 years at Santos football club. Pele holds the record for most goals scored for Santos. He aided them in winning six league championships, including five straight in 1961, as well as two Copa Libertadores triumphs, widely regarded as South America's answer to the Champions League.

Copy trade forex 1

Copy Trading.

If you want to open a Copy trading account, simply click on the button below. If you want to learn more about Copy trading, read the full article. Join AvaTrade and enjoy the benefits of trading with a regulated broker!

What is Copy Trading Advantages of Copy Trading How to Successfully Copy Trade The Rise of Copy Trading Who Provides the Trading Signals? Copy Trade with AvaTrade.

What is Copy Trading.

Copy trading is a way to automate your trading by copying the trades of other traders. It is often used by newbies that might not yet know how to trade, with the added benefit of helping to teach them on the way. For more experienced traders, it can enable them to step away from their screens if they need to, as all trades are automated.

The goal of copy trading, like regular trading is to open positions on various financial markets including FX, CFDs on Stocks, Commodities, Indices and Cryptocurrencies, and then to close the position, hopefully once the value of the asset has moved higher. Although, much like trading for yourself, here you can also incur losses too.

This could be a good option for those who lack the time or experience to invest by themselves. For this reason many brokers offer the facility of copy trading. There are a variety of platforms offering copy trading services, and while some are manual, others are fully automated. This enables you to sit back and watch the action.

Advantages of Copy Trading.

There are many advantages to copy trading, here we have covered just a few:

Allows first time traders to familiarise themselves with the financial markets and gain the confidence to trade Helps new traders to learn how to trade, by watching the actions of other, sometimes more experienced traders. Enables more experienced traders to take part in the market, even when they are too busy, and not able to invest the time and research they should normally devote to trading. You can copy trade on various instruments including foreign exchange, stocks, commodities and more. Creates a community of traders, beginners and experienced alike, who can exchange ideas, strategies and endeavour to improve their trades together.

How to Successfully Copy Trade.

Here are the steps you should take to copy trade.

First, you will need to select a broker to partner up with. Choose a regulated broker like AvaTrade that offers you security, a wide selection of assets and customer support. Now its time to open an account on an automated platform. Here at AvaTrade, we offer well-known options like ZuluTrade and DupliTrade. Once your account is active, you will see a list of signal providers along with their stats. This usually includes P&L, and risk profile. Select the person/people that best suit your objectives.

Copy investing, or mirror trading became very popular with investors worldwide, mainly because many early adopters have had enormous success and were able to boost their trading skills and profitability with zero effort. Copy trading enables novice investors to do just that. They don’t need to know how to analyse the markets or how to interpret forex signals or indicators.

Novices are using other investors’ abilities and thus increasing their own success rates. Also, copy trading can be used by experienced traders too, as a way of learning new trading strategies from others, and by that, increasing their success in the online trading market.

If you would like to start investing in the stock market but do not have a lot of experience, or you are a seasoned pro who would like to gain insight into the analysis of others, using copy investing / mirror trading could be an excellent place for you to begin.

The Rise of Copy Trading.

To begin we need to establish that there are two main types of traders, those who attend seminars, attempt to compile strategies, follow all market trends, and enjoy ‘expert-trading-fees’. Then you have the other group that want to make money with as little input and effort as possible. For the latter, mirror or copy trading was created and has suited many as the perfect solution.

The growth in the past 5 years of copy trading has been exponential, for its main reason is that many traders ‘trust’ this system, and have a comforting feeling that they are not trading alone. AvaTrade offers you popular signal providers that are the best in the business.

Copy trading is not only for the unexperienced, a lot of expert traders use copy trading as a means of market research, it saves time and could be part of a new strategy that could be implemented and profitable.

Social Trading Vs Copy Trading.

Copy trading is considered a form of social trading, but the two trading methods have some differences.

Copy trading ties up your account with another trader in that their positions are automatically replicated in your account. If they turn profits, you win; and if they lose, you lose. Copy trading is more passive because the trader does all the work you are copying, and in most cases, the process is entirely automated.

However, some platforms and copy trading apps are semi-automated, but you are only limited to deciding which trades you wish to copy. Copy trading is generally ideal for beginner traders as it allows them to trade way beyond their level of experience or expertise. Some of the significant downsides of copy trading are that it inhibits learning, and traders can suffer huge losses if they follow unsuccessful traders.

On the other hand, social trading is a broader strategy that incorporates social media into investing. The focus is on the community, with traders able to interact and share and get notified of each other’s trading activities.

Some of the features that a social trading platform may include message boards and chatrooms to share trades and talk about strategies, customizable social news feeds that update investors on the activities of their favourite traders, as well as comprehensive access to trader statistics, such as portfolio, risk score, their personal news feed, as well as fail/success ratio.

Social trading allows investors to learn and contribute to the community, and it provides access to numerous investing resources. However, it is more engaging and time-consuming than copy trading, and investors may get caught up in the ‘social media’ aspect and miss out on great opportunities in the market.

Both social trading and copy trading are useful trading strategies. It is, however, essential to select a strategy that suits your trading needs and preferences at any given time. AvaTrade offers a range of solutions, including a social trading app and copy trading platforms. It is vital to select the most comfortable one that meets your trading needs and preferences.

Who Provides the Trading Signals?

AvaTrade uses top quality sources for its copy trading. These parties include hedge funds, expert brokers, and money managers. This means that if you use copy or mirror trading with AvaTrade, you are essentially gaining valuable access to seasoned traders, allowing you to copy their trades and benefit from their experience.

Taking advantage of this trading strategy can be highly lucrative. In fact, many social traders, new and experienced, have had the opportunity to gain direct access to the top traders on the platform and have increased their trading success significantly.

Copy Trade with AvaTrade.

We offer you a good choice of some of the most well established copy trading services. We also collaborate with signal providers to get you market alerts and trading notifications.

Here are the products we offer:

ZuluTrade – With a large variety of signal providers to choose from Duplitrade – Easily and conveniently copy trades from multiple signal providers AvaSocial – Connect with your peers and automate your trades. Perfect for both beginners and advanced.

The combination of AvaTrade’s global reputation with the best signal providers, gives traders the security in knowing that their trades are in the safe hands of some of the best traders.

What are Trading Signals?

With trading signals, you receive notifications which are like suggestions of what to trade, when to enter or exit the trade and what stop loss or take profit orders to implement. You may receive them by SMS, email or through a dashboard.

Of course, it’s important to use a signal service that gets more successful than unsuccessful trades. However, like all things related to trading, there is always the risk of losing your funds, as no one can read the future. Usually Signals are generated on the basis of a variety of technical indicators, especially the strong signals.

You can of course create your own signals, by using technical analysis and implementing studies and indicators on to your trading charts.

Who Are Trading Signals Providers?

They can be identified by either humans or by algorithms, which are like pieces of code programmed to identify signals, when ample market conditions are reached.

Here at AvaTrade we use tried and tested resources and services for our signals and copy trading products. However, once again remember that all trading comes with the risk of loss and you should only trade with what you can afford to lose.

Our signal creators include hedge funds, expert brokers, and money managers. This means that if you use copy or mirror trading with AvaTrade, you are essentially gaining valuable access to the minds of seasoned traders. This allows you to copy their trades and hopefully benefit from their experience.

The combination of AvaTrade’s global reputation, coupled with some experienced signal providers, gives you the security in knowing that you can trade or automate your trades with a reliable broker.

Copy Trading main FAQs.

Do I need prior trading experience to engage in copy trading?

If your plan is only to follow and copy other traders there is no experience required, although it can be helpful in analysing and selecting a good trader to copy. In reality it is often the traders with no experience who like to use copy trading. It can be a good way to begin growing an account, and if you take the time to analyse the trades being made by those you follow it can also be a very good way to learn about trading too. If you’re a new trader and are worried about losing money with copy trading you could always try it with a demo account first before funding your account.

Is copy trading too risky?

If you take the time to identify good traders to copy you aren’t taking any more risk than when trading your own account. That is to say trading is inherently risky, and there is always the possibility that you will lose money. Also note that the past performance of a trader is no guarantee of their future performance, so even if they’ve been profitable for three years running, they could have their first losing week right after you decide to follow them. As always, never invest more than you can afford to lose.

How can I find good traders to copy?

While it might seem tempting to copy the trader with a 300% annual return, in general these traders are taking on far too much risk and eventually will blow up. Instead look for traders who have at least 1-year trading history and a return somewhere between 10% and 30%. The trader should also be active enough that they are placing a minimum of one trade per week. This ensures that they are trying to grow their trading base rather than just locking your money in a single trade. If you want to spread out your risk you can spread out your copy trading between 2-4 different traders.

Open your copy trading account with AvaTrade today!

Copy trade forex

Copy Trading: The Ultimate Guide.

Get up-to-speed with this exciting social phenomenon which is as simple as it sounds.

What a copy trader should know.

What is copy trading?

It’s all in the name! Copy trading allows you to directly copy the positions taken by another trader. You decide the amount you wish to invest and simply copy everything they do automatically in real-time – when that trader makes a trade, your account will make that same trade as well.

You do not need to have any input on the trades, and you get the identical returns on each trade as your chosen trader.

Copy trading is one of the easiest ways to use another trader’s expert knowledge. It also means that you don’t lose any control over the outcome. You still have the ability to close trades, and open new ones when you want.

But by copying another trader, you could potentially make money based on their skills.

In fact, no advanced knowledge of the financial market is required to take part!

The Story of 'copy trading'

The history of copy trading goes back to 2005 when traders used to copy specific algorithms that were developed through automated trading. Brokers recognised the potential of having systems where any linked to that trader could automatically copy their trading account. There was no need to constantly monitor email signals or trading ‘chat’ rooms. We think they were onto something…

Out of this were born Etoro and Zulutrade who allowed traders to connect their personal trading accounts to their platform. Traders no longer had to submit their specific strategies. The popularity of copy trading has since exploded.

According to a recent survey…

1 in 3 say a traditional stock market approach is over-complex and this can be simplified by automatically following traders 1 in 4 investors said they were considering Social trading last year Social trading platforms are expected to grow to €40bn in 2022 (annual growth of 96%) and €70bn in 2025 (annual growth of 48%)

How does copy trading work?

Copy trading is automated trading made easy.

Select a trader who best matches your goals to follow , by using the tools provided by the platform FXTM Invest to filter the available traders. What is important to you? Perhaps it’s their number of followers, or profitability, risk level, the total amount of funds they manage or their return on investment. You might choose a combination of these – it’s completely up to you based on whatever you think is important.

Decide your investment amount , and how you will share it among different managers. Be balanced and don’t put all your eggs in one basket, so choose how much to allocate to each chosen trader if you have selected more than one person to copy. For further guidance, watch our short video guide.

The copy trading platform will then automatically replicate all the selected trader’s positions in your trading account.

Add more funds if you like how the trader is performing. Or, reduce your exposure to one trader and keep your portfolio diversified by not investing too much in a single trader. You can replace your existing ones at any time, just keep in mind that you’ll need a separate Invest account for each trader you decide to follow.

There are no special fees to use the copy trading function, apart from the ones you pay the Strategy Manager whenever they make a profit. Any brokerage fees that would apply to a normal trade will be applied to copy trades.

Select a trader who best matches your goals to follow , by using the tools provided by the platform FXTM Invest to filter the available traders. What is important to you? Perhaps it’s their number of followers, or profitability, risk level, the total amount of funds they manage or their return on investment. You might choose a combination of these – it’s completely up to you based on whatever you think is important.

Decide your investment amount , and how you will share it among different managers. Be balanced and don’t put all your eggs in one basket, so choose how much to allocate to each chosen trader if you have selected more than one person to copy. For further guidance, watch our short video guide.

The copy trading platform will then automatically replicate all the selected trader’s positions in your trading account.

Add more funds if you like how the trader is performing. Or, reduce your exposure to one trader and keep your portfolio diversified by not investing too much in a single trader. You can replace your existing ones at any time, just keep in mind that you’ll need a separate Invest account for each trader you decide to follow.

There are no special fees to use the copy trading function, apart from the ones you pay the Strategy Manager whenever they make a profit. Any brokerage fees that would apply to a normal trade will be applied to copy trades.

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What markets are most suited to copy trading?

You can copy trade across all markets, including: FX, indices, stocks and Commodity markets. If you want to enter the FX market but are short of time, copy trading allows you to get involved without having to learn advanced technical skills. This can be very time-consuming. It is very simple to trade in and out of different markets if you want more exposure in one over another. Perhaps you are less familiar with technology stocks but have always wanted to trade Apple or Netflix?

The global FX market is worth $1,934,500,000,000 This is 27x larger than the equities market FX trading daily volume is 53x more than the NYSE Over 85% of FX transactions take place solely on the majors i.e. EURUSD, USDJPY, GBPUSD, USDCAD, AUDUSD, NZDUSD and USDCHF. Find out more about FX and how it works.

The benefits and risks of copy trading.


The advantages of copy trading are the reason it has become so popular.

What is the goal? To find traders that have a strong track record and trading style that you want to emulate.

Or you can spread your risk across your portfolio which will enable you to ride the ups and downs in markets so that you can trade over the long-term.


copy trading offers an interesting and reachable route into trading. Huge advances in social trading and the multiple social trading networks means this is now freely available.

Upskill your own trading knowledge.

copy trading allows you to follow the trading activity of experienced traders, some of whom have years of expertise and know-how. You can learn from watching by replicating their success and developing your own trading.


with the huge variety of trade strategies on offer, you can now allocate your portfolio to numerous providers across different assets. By spreading the risks associated with individual decisions, you can offset losses if one trader performs poorly. You could also potentially make money in several types of market environments.

Ask yourself…

do you want some oil exposure as Saudi Arabia becomes prone to more acts of sabotage? Do you want to take advantage of intraday moves during Jerome Powell’s press conference? Or perhaps you are content with a quieter life, lower volatility, green investing perhaps? You can get whatever exposure you want, on your terms by tapping into a wealth of global expertise.

Free time.

you can continue to trade in the markets throughout the day as someone you have chosen is monitoring them and trading. This means you can spend time on your other hobbies!


The main risk with copy trading is an obvious one – you are taking part in some risk with financial implications. Trading by its nature is a high risk, high reward endeavour.

Market risk.

copy trading, like with any trading in financial markets, involves putting some of your capital at risk. Inevitably, the market risk associated with this means you can lose that capital as the assets your chosen trader has bought and sold may be prove unsuccessful.

Trader Histories.

choosing a long-term reliable trader to copy can be difficult. It is up to you to do your own homework to make sure you understand your chosen traders. Sometimes, results can be too good to be true, or a trader is going through a hot streak which means a drawdown is close by.

Execution risk.

as with any financial trading, there is risk involved if the assets being traded are illiquid i.e. how easy is it to exit the positions held. You also need to be aware of other areas like what costs are included in the copy trader’s returns and is the bid/offer spread already included in published returns.

Copy trading platform.

Most software will have the option of three types of copy trading functionality – automated, semi-automated and manual.

FXTM offers the industry's leading FX trading platforms MT4 directly on your PC, MAC, mobile or tablet so that you can trade at your convenience whenever and wherever you like.

The advanced technology of MetaTrader combined with FXTM’s unparalleled trading services, offers a high quality experience for the user.

Manual is most similar to ‘normal’ trading where you decide who to follow and which trades to copy. Many people refer to this as social trading too. Semi-Automated trading lets you view all the positions of your chosen trader. You can then choose which to copy and trade yourself or which to automatically follow which means your chosen trader takes the lead. Automated is the full package and the one that FXTM Invest offers – you choose your traders and the strategies which best suit your risk profile. All positions and subsequent trading are replicated automatically.

Copy trading terms.

Let’s remind ourselves about the FX market, which is by some distance the biggest traded global market:


allows you to hedge trading risks by incorporating different trading strategies and assets in a variety of market conditions. This is a key benefit of copy trading.


is the person who follows other traders to utilise their information or directly copy trades from them.


the pip difference between the order price and the execution price of a trade execution. Due to market volatility or slow internet connection, the order price could change before it reaches the broker for transaction.

Technical Analysis.

often means charts which a trader uses to interpret historic price action and behaviour for future direction.


is the fall in equity in a trader’s account, normally from a relative peak to a relative trough. It can be expressed in absolute terms or in terms of percentage.

Mirror trading.

allows you to copy a trader’s actual strategies.

Social Trading.

allows you to copy transactions made by one or more investors inside a trading network.

Equity Line.

is the graphical representation of the signal provider’s account balance.

Money management.

is the way to control risk and the most important factor is determining success or failure. How much should we assign to each provider and each strategy?

Stop Levels.

the price the trader chooses to close out a live trade in order to limit your losses if the market moves against you. Stop loss levels depend on the trading strategy.

Fundamental Analysis.

is the understanding of all news including economic and political to forecast future price movement.

Signal Provider.

is the trader who identifies the signals to be followed by the investor or follower/copier.


currency ticker symbols are used in the forex market to represent the pair that is being traded. A currency, such as the dollar, is never bought or sold in absolute terms, but always in relation to another.

Be an investor yourself.

A lot of our Strategy Managers choose to be investors themselves, for an extra way managing their money. While FXTM Invest is a type of copy trading program, another way to define it would be to call it a money management system. That's exactly how some of our Managers treat it.

If you choose to follow another Manager yourself, you get to retain full control of your money just like other investors, and you only pay a fee to the Strategy Manager when they generate a profit for your Investment account.

Visit the FXTM Invest page for Investors to learn more, or read on to find out more about the perks of being a Strategy Manager.

Join the Strategy Manager ranks.

We analyse and track our Strategy Managers 24/7, 365 days a year. We rank them based on their trading performance using numerous performance and quality measures.

Investors can search and filter Strategy Managers by investment return, risk profile, trading style and many more criteria to find the best strategy for them.

Go to Strategy Manager ranking in MyFXTM to check out our top performing managers.

This page is available to the thousands of MyFXTM clients we get, giving you maximum exposure worldwide.

All you have to do is trade well, keep making those potential gains, and you'll continue to be ranked high on the list!

Past performance does not guarantee future results .

Copy trading in 5 easy steps.

Choose a Strategy Manager.

Make a deposit – from as little as $100.

Automatically copy the Strategy.

Cash in when they profit.

Share a percentage with the Strategy Manager.

Choose a Strategy Manager.

Make a deposit – from as little as $100.

Automatically copy the Strategy.

Cash in when they profit.

Share a percentage with the Strategy Manager.

Previous Next.

Discover endless opportunities with FXTM and VPS trading.

If you’re ready to start exploring VPS trading with FXTM, contact your dedicated Account Service Manager who will be more than happy to help. Still a little unsure? Feel free to approach our dedicated Customer Support Team with any questions you may have.

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