By employing a tool called trading copy, users of the financial markets can automatically duplicate positions created and maintained by different certified expert traders. Traders can imitate particular tactics by applying the desired leverage. You are free to invest more or less than the proprietor of the strategy has recommended.

1. AvaTrade

AvaTrade, one of the best platforms for forex copy trading, was founded in Ireland and is governed by the Central Bank of Ireland in Europe. Fixed spread forex trading is only offered by a few trustworthy forex brokers, including them. With Avatrade, you have access to a variety of copy-trading and social media websites.

One of the best is this trading platform for copy trading that enables automatic, real-time copying of trades between trading accounts. It is directly accessible through the Meta-Trader 5 platform. The service’s fundamental premise is that a trader makes their financial market transactions public and makes it possible for other users to subscribe to this signal. On the trading accounts of the subscribers, it executes automatically.

Features:

• Free and paid signals are offered on the MetaTrader platform’s Signals tab.

• Take Command from any location in the world.

• Best Forex Copy Trading Broker with Global Regulation

• Trade cryptocurrencies as CFDs and benefit from 24/7 trading

• Payment options include Paypal, Credit Card, and Bank Transfer.

• Platforms: Mirror Trader 4, Mac, ZuluTrade, Web Trader, Tablet, and Mobile Apps

Key Specifications:

• Trial Account: Yes

• $100 is the minimum deposit.

Forex, cryptocurrencies, stocks, commodities, futures, indices, bonds, and ETFs are examples of traded securities.

• Regulations: BVIFSC, EU CBI, PFSA, ASIC, FSA, FFAJ, and SAFSCA

Year of Founding: 2006

• Customer service options: Live Chat, Email, and Phone

Pros and cons

This broker is licensed by some of the most reputable financial and currency trading regulatory agencies worldwide.

For many traders, the demo account’s 21-day time limit is too short.

offers merchants security from negative balances.

High inactivity fees may deter some inactive traders from using the broker.

2, Etoro

The copy trading website Etoro, which was introduced in 2006, is used by more than 12,000,000 traders. This duplicate trading platform provides exchange-traded funds, commodities, stocks, indices, forex, CFDs, social trading, and cryptocurrencies. Invested Funds (ETF).

For beginner users who choose to continue with simpler usability, eToro is one of the best social and copy trading platforms.

Features:

• Invest in and trade prestigious equities and ETFs.

Build a portfolio based on cryptocurrencies.

• Get to know your investors

• Platforms: Mobile apps, Tablets, and Web Trader

• The following account types are available: Micro, Standard, Islamic, and VIP accounts.

Key Specifications:

Account Demo: Yes

• $50 is the minimum deposit amount

• Securities traded: Bitcoin, CFDs, Stocks, and ETFs

• Regulations: FCA, MiFID, AFSL, CIF, CySEC, and ASIC

• Year of Founding: 2007

• Client help via email and live chat.

Pros and cons

Spreads for highly regulated brokers (FCA, CySEC, and ASIC) are above average.

a cutting-edge trading platform

possesses no MetaTrader platform.

offers a variety of assets for trading

3) Trading PrimeXBT

 Is a copy trading platform that welcomes both experienced traders and beginners. It helps seasoned traders monetize their skills by allowing others to copy their strategies.

Features:

• Diversify and minimize risks.

• It enables you to begin trading with ease and speed like a seasoned trader.

• Offers 100 trading products and access to a large number of markets on a single platform.

Key Specifications:

Demo accounts are available in the Contest module, so yes.

• $50 is the minimum deposit amount

Forex, indices, commodities, and cryptocurrency are among the traded securities.

• Rules: ASIC in Australia

• 2018 was the founding year

• Customer help, including email and live chat.

Pros and cons

Deposits with a high volume and leverage are accepted only in BTC, ETH, USDC, or USDT

allows trading on margin with both traditional and cryptocurrency assets.

inadequate education substance, as an example.

You can place a take-profit/stop-loss order.

4) Naga

Naga is a platform for copy trading that automatically duplicates your trade. You can use the leaderboard to find out other investors’ numbers and decide who to copy to make the biggest profit on your trade.

Features:

• Full access to all Naga trading markets will be provided for you.

• A messaging app for exchanging analyses.

• Gives you the option to change your auto-copy ratio or provide the precise investment amount.

• To secure your trading winnings and contain losses, you can establish stop loss and take profit restrictions.

• It provides a user-friendly investors leaderboard.

Both Android and iOS systems are supported.

Key Specifications:

Account Demo: Yes

• Minimum Deposit: There isn’t one for initial deposits, unfortunately.

• Securities exchanged include indices, stocks, commodities, cryptocurrency, and CFDs.

• Rules: CySEC and FCA

• 2015 was the founding year

• Three types of customer service are available: phone, live chat, and email.

Pros and cons

minimal copy trading costs

Fees for withdrawals

additional tools for teaching

Nighttime fees

excellent client service

Traders to copy leaderboard

5) FXTM

Another well-liked platform for duplicate trading is FXTM. This is a very active worldwide ECN broker, particularly in markets in Asia and Africa. They provide a wide variety of options for account types.

For a minimum deposit of $100, this duplicate trading platform also provides the FXTM Invest service.

At FXTM, you may start emulating elite traders with a $100 minimum deposit. Because of this, copy trade is quite easy to do.

Features:

• Use one location to access all of your trading accounts.

• TradeIn motion are more than 250 financial CFD instruments.

• Trading between desktop and mobile devices.

• Check out current prices and real-time price changes.

• Use a wide range of order functions.

• Several rules (FCA, CySEC, FSC).

• More than 250 financial CFD products.

• There is no commission for trading.

• Extensive research and instruction.

Key Specifications:

Account Demo: Yes

• $10 is the minimum deposit.

• Trading in commodities, metals, stocks, indices, currencies, and cryptocurrencies.

• FSCM regulations

• 2011 was the founding year

• Customer service options: Live Chat, Email, and Phone

Pros and cons

offers global regulation and the FCA

High CFD fees

excellent education.

a small product range

rapid and digital account opening

Rapidly make deposits and withdrawals

Free report with no deposit required.

a variety of account kinds.

How do I pick the best platform for copy trading?

It’s more difficult than you might imagine choosing the ideal platform for copy trading. When choosing your copy trading program, there are numerous things to take into consideration.

The following are some crucial elements that you should keep in mind when using copy trading apps:

Do elite institutions regulate it in terms of regulation and security? Does it protect investments? Where is it based, and how long has it been in business? Is it listed publicly? How have their customers rated them?

The quantity and caliber of traders to copy come from people, as do social and copy trading. The amount of users and traders you can copy/follow is therefore one of the most crucial variables. It expands your available options, the likelihood that you’ll find reputable merchants, and a means to take advantage of the collective wisdom of the group.

Transparency regarding the traders you can emulate in specifics In general, you should comprehend, examine, and evaluate their tactics, demeanor, and performance—the more details, the better.

Finding Winning Traders: The majority of forex social trading platforms make it easy to track which traders offer the highest ROI, but choosing which traders to follow requires a significant amount of creative thinking.