8 Best Copy Trading Platforms 2026

However, I feel that the extra cost of marked-up spreads is offset by the fact that you are receiving eToro’s copy trading services for free. The CopyPortfolios tool allows you to copy a pre-packaged selection of other popular investors. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Our testing found AvaTrade to be great for copy trading, with AvaSocial, ZuluTrade, and DupliTrade available. EToro expertly merges self-directed trading and copy trading under a unified trading experience.

The Complete Guide To Copy Trading: What It Is And How To Get Started

Before copy trading existed, a power of attorney form was required to authorize a fund manager to trade on your behalf. In legal terms, copy trading is typically treated as a self-directed account. For cryptocurrency copy trading, your broker must be a registered Money Services Business (MSB) and licensed by FinCEN. My educational series about financial scams has helpful tips for identifying https://sashares.co.za/iqcent-review/ common copy trading forex scams. Copy trading is legal in most countries, as long as the broker itself is properly regulated. That’s why I evaluate each platform not just on features, but on the quality of their signal providers, regulatory safeguards, and the transparency of their performance data.

Market Newsletter

Zignaly allows you to tap into expert trading strategies and automated bots, all while using your existing exchange account. EToro offers a variety of tools to help you sharpen your trading skills. Alerts notify you of significant changes in a trader’s strategy or performance, keeping you informed every step of the way. EToro equips users with real-time analytics for both their overall portfolio and individual copied investors. For U.S. users, the platform has a low minimum deposit requirement, making it easier for beginners to start investing.

Best Stock Trading Apps For 2026

Copy trading platform https://www.binaryoptions.co.uk/iqcent providers are companies that develop and operate the software used by copy trading platforms. This includes features such as the ability to set custom parameters, choose specific traders to follow, and manage your risk effectively. Platforms with good customer service and support are often the best copy trading platforms, and you should focus more on them than others.

Best Mt4 Copy Trading Brokers

Initially, this was limited to technical setups, but within a few years, full account mirroring became possible. Instead, you use the expertise of those who already trade successfully. This means you do not have to analyze charts or develop a personal copy trading strategy right away.

• The total cost structure of a copy trading broker directly impacts portfolio performance and long-term capital growth.
• By offering strong oversight and modern features, the broker empowers traders to engage confidently while providing efficient solutions for both learning and growing portfolios.
• Keep in mind, though, that copy trading carries risks and requires ongoing effort to refine your skills.
• That’s why we’ve rigorously tested and ranked the top copy trading brokers and platforms in this up-to-date 2026 review.

Does Fxtm Offer Copy Trading?

• It’s not built for passive investors, but for those who want to learn and do, it’s a smart first step.
• You can create an account and set up parameters for an investing game, which you can invite your friends to participate in.
• For cryptocurrency-related copy trading, brokers must operate as registered Money Services Businesses (MSB) and maintain licensing with FinCEN.
• You can start copy trading with a minimum deposit of $200.
• It’s suitable for both beginners and advanced traders, though offshore regulation may concern some safety-conscious investors.
• Some brokers offer additional research tools or networking forums, such as Telegram or TradingView.

Beginners or new traders may want to start with social trading to help them understand market behaviours and trends before committing to copy trading. Use our ranking of the best copy trading platforms to find a broker that aligns with your financial goals and risk tolerance. The top-rated copy trading apps should offer seamless integration between the desktop software and mobile/tablet solution, allowing users to follow master traders and manage their accounts while on the go. Leading copy trading providers also rank the highest-performing master traders so investors can quickly find a suitable signal provider based on their goals and risk tolerance.

• Copy trading is becoming very popular in recent years, and there’s now a few copy trading platforms out there.
• What sets eToro apart is its social ecosystem users can view traders’ discussions, strategy explanations, and portfolio breakdowns.
• Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
• Sync trades instantly across all your accounts.
• After having placed over 2,000 trades in his late teens and early 20s, he became one of the first in digital media to review online brokerages.

We will also look at the pros and cons, plus list the best copy trading platforms on the market where you can start trying it out for yourself. It can iqcent broker be a great way for beginners to start trading and learning with minimal effort, as it allows them to observe first-hand the actions of more experienced traders. See our list of copy trading platforms to find out which broker is ranked #1 in your country. Leading providers also offer an intuitive platform to master traders with the tools to reach a large base of potential followers and create a second revenue stream. A growing list of copy trading platforms also provides assistance through social media channels, such as WhatsApp and Facebook Messenger.

Check your broker’s regulation status beforehand, as this will determine the level of security and fund safety provided. Below you will find guides that will help you if you want to start with a particular type of copy trading. A fixed system will not allow you to close a position early while still following the master account. The transaction price will be mirrored as exactly as the market conditions allow. The trade will be replicated with the same stop loss (SL) and take profit (TP) as the original trade.

• Internet trading platforms have made copy trading very easy, but copying other traders predate the internet.
• For example, imagine you are new to trading and have $500.
• A community forum adds a social aspect, allowing users to share strategies, ask questions, and exchange experiences.
• Platforms like eToro, AvaTrade, and ZuluTrade provide tools to link traders with followers.