10 Best Copy Trading Forex Platforms Updated January 2026

Most copy trading platforms today include social features, blurring the line between the two. With copy trading, your account automatically replicates the trades of another investor in real time. Having more capital allows for better diversification across multiple traders and strategies, but never risk more than you’re willing to lose.

Etoro – Best Copy Trading Platform

With this broker, traders gain access to 1,400 assets including CFDs on forex, equity indices, shares, cryptocurrencies, commodities, metals, stocks, and energies. For the Social Standard and the Social Pro accounts, there are only three markets available to trade, which include forex, metals, and cryptocurrencies. Exness is one of the top brokers that offers a copy trading platform to its clients. There iqcent review are a variety of accounts for traders to use, which determine the spreads that traders enjoy.

• I’m also a fan of OANDA and its low Standard account spreads.
• The wide platform variety and growing signal provider network make Vantage a smart pick for traders seeking flexibility and depth in their copy trading setup.
• AvaTrade’s AvaSocial platform allows users to automatically replicate the trades of other investors within the AvaTrade community.
• The broker also supports the IC Social tool, powered by Pelican Trading, allowing newbies to learn from proven trading experts.

Copy Trading Risks

It’s important to note that copy trading still requires active account management — it’s not a quick fix or an easy way to make money. Beginners should always start small before trading more seriously with larger amounts, and it’s always wise to learn how to use the copy trading software with a demo account before diving straight into live trading of any kind. 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. Copy trading isn’t https://sashares.co.za/iqcent-review/ a set-it-and-forget-it solution; it requires regular oversight and smart allocation to manage risk effectively. It’s important to monitor your account, set clear risk limits, and diversify where possible.

Can You Copy Trade Cryptocurrencies In Usa?

Since copiers have no input, they may get higher risk exposure than desired. Traders may also quit at any time, leaving copiers to scramble for new providers. The platform provider will duplicate all actions taken by the signal provider to the copied portfolio, usually proportional to the dedicated capital. After three years of contractions, copy trading embarked on yet another push higher, especially with the emergence of cryptocurrency trading. Fee-based Signal Start and the well-known Myfxbook Autotrade service are also available. Traders in the Ultra Low Standard Account also benefit from competitive Forex spreads from 0.6 pips or $6.00 per 1.0 standard round lot.

Forex, short for foreign exchange, is the largest financial market in the world. Now, in the wake of the spectacular collapse of FTX, those athletes and spokespeople are being sued by investors. Never assume that a broker is trustworthy because it sponsors a football club or professional athlete. It’s never a bad idea to double-check the sources for any awards your broker is claiming to have won. This screenshot is from a former scam broker called 12Trader. Companies that have no disclosures are likely not regulated and should always be viewed with caution.

Which Forex Broker Has The Best Mobile App?

In copy trading, you configure your account to replicate specific orders from one or more experts. Investors can manage parameters such as the size of copied stakes, the selection of currency pairs, and the timing of entry into or exit from trades. It gives access to detailed statistics and the trading history of each leader, making the selection more informed and reducing the risks of undesirable outcomes.

Fusion Markets – Great Broker With Lowest Commissions

It also has hundreds of order types, advanced charting tools, real-time news, and more. If you’re interested in day trading or swing trading, thinkorswim is my top pick. If you’re looking for a legacy broker, you can’t go wrong with Fidelity. The added flexibility https://www.binaryoptions.co.uk/iqcent comes with a bit more complexity, but the platform is still intuitive once you get used to it. There are no account minimums, and you can buy fractional shares.

• Moomoo also has a paper trading feature that allows you to practice your strategies with virtual funds, all from the same login.
• Before choosing a brokerage, you need to get clear on what kind of investor or trader you plan to be.
• Like other top brokers with copy trading platforms – clients pay through the standard spread and/or commission.
• I think eToro stands out with the biggest and best social trading platform in the market.
• Explore more resources that fellow traders find helpful!

• Given that the U.S. regulating body, CFTC, put FOREX.com as the number 1 U.S. broker based on client assets in their Retail Forex Obligations report, we found it hard to disagree.
• You can invest in thousands of assets across global markets.
• While IC Markets accepts traders from the UK and European Economic Area countries, they do not provide copy trading services in these regions.
• If you can’t find honest reviews of the broker you are interested in, don’t sign up for an account.
• Portfolio performance is directly affected by the copied trader’s decisions
• Our testing found AvaTrade to be great for copy trading, with AvaSocial, ZuluTrade, and DupliTrade available.

In the following paragraphs we have gathered some of the best brokers that offer copy trading services allowing traders to earn passive income while participating and learning various trading strategies. Scammers will steal photos and personal information to create fake social media accounts of high-profile traders (I’ve been impersonated dozens of times). Use our ranking of the best copy trading platforms to find a broker that aligns with your financial goals and risk tolerance. Importantly, look for a copy trading platform with an intuitive interface, easy access to the broker’s highest-performing traders, and straightforward tools to compare signal providers. 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. A good copy trading platform offers trading on multiple markets, from forex and cryptos to stocks and commodities.

Best For Non Us Copy Trading: Avatrade

• Criteria and algorithms used to display the top Leader performers on the leaderboard will differ as you move from one copy trade broker platform to another.
• Fees may include spreads, commissions, performance fees, subscription fees, or profit-sharing arrangements, depending on the platform.
• The rise of copy trading has significantly transformed the world of online trading.

To make the process seamless, Exness provides a leaderboard feature that showcases the performance of various strategy providers on the platform. Pepperstone excels in many areas which makes it one of the top platforms for copy trading. Additionally, strategy providers have two different trading account categories, which include the Copy Standard and the Copy Plus accounts.

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). Even if you’re new to forex, you can copy trades from skilled traders and build a diversified strategy without needing to master every chart or indicator. Despite offering a small range of tradeable markets, Exness is a good option for beginners and offers user-friendly platforms.

With 24/5 support and excellent regulatory credentials, AvaTrade is also one of the most trustworthy copy trading brokers. AvaTrade offers copy trading on a wide range of asset classes, including forex, stocks, indices, commodities and cryptocurrencies. AvaTrade is one of the few brokers to offer a choice of copy trading tools. We especially rate that you can ask questions to experienced traders one-on-one or in a group. Our experts explain why AvaTrade makes our list of the best brokers for copy trading below.