7 Best Copy Trading Platforms For 2026

Both of these accounts allow investors to trade with no commissions charged. XM stands out as a quality broker offering investors a ton of market products. XM is another well-established broker that offers copy trading services through its XM Copy Trading feature. While Exness accepts traders from most countries around the world, they do not accept retail clients from the UK and European Economic Area countries, among others.

Best For: Beginner-friendly Copy Trading With Fixed Spreads

Tickmill is an excellent multi-asset broker that offers truly low-cost forex trading; the broker’s Pro and VIP accounts are among the least expensive in the industry. Here are our picks for the best forex brokers that offer social copy trading. Our experts at WR Trading have devised ways to manage risks effectively when using copy trading platforms. Copy trading platforms do offer a tempting entry point for new investors.

Metatrader 5

• EToro is a popular social trading platform that revolutionized the way traders interact and copy each other’s trades.
• This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated.
• 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).
• To participate in copy trading on Tickmill, traders first need to have a live trading account, and then they should sign up as followers or as strategy providers.

ACY Securities offers the full MetaTrader suite (including MetaTrader 5) as well as a decent range of CFD markets and a balanced account offering. CMC’s powerful Next Generation trading platform for web and mobile delivers a huge selection of markets and a fantastic user experience. Vantage is a trusted brand that offers a growing range of markets alongside a proprietary trading app (the Vantage app). Copy trading is a form of investing in which a trader or investor automatically duplicates the trades of another trader in real-time. WR Trading is not a broker, our virtual simulator offers only simulated trading of a demo account.

Spreads And Commissions

An aggressive, high-risk strategy might not be suitable if you’re risk-averse. While past performance isn’t a guarantee of future success, a consistent track record over a reasonable timeframe is a good sign. Treat this selection process iqcent app as if you’re picking a financial guide.

• Each platform also comes with a plethora of third-party add-ons at Pepperstone, enhancing the available features beyond the vanilla offering of many other brokers.
• Additionally, individual signal providers charge their own subscription fees typically ranging from $30 to $100.
• Check out a gallery of screenshots from eToro’s trading platforms, taken by our research team during our product testing.
• These paper trading profiles allow you to trial a firm’s software before registering for a live account.

Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. You can choose to trade manually based on insights from other traders or start copying them directly. There’s also the risk of overexposure if you allocate too much to one trader or strategy. Past performance is never a guarantee of future results, and blindly following a top-ranked trader can lead to unexpected losses if you haven’t done your due diligence.

Market Access

As the industry grows, regulatory frameworks are evolving to improve market fairness and ensure investor safety . Copy trading often falls under portfolio management regulations, with oversight differing by region. Authorities are rolling out measures designed to improve transparency, standardize risk assessments, and strengthen investor protections. It’s important to find a platform that balances flexibility with strong security measures. However, studies show this often leads to excessive risk-taking and poor outcomes . While these features may seem appealing, the lack of regulatory oversight creates serious risks.

Pepperstone

Nonetheless, remember that trading still carries a lot of risk and you should approach it with caution, regardless of the strategy used. IC Markets offers its clients a deep collection of market products totalling over 2,100 instruments. You have full control of the trade size and even when to start or stop copying a trader. IC Markets offers copy trading functionalities through two major implementations.

For cryptocurrency-related copy trading, brokers must operate as registered Money Services Businesses (MSB) and maintain licensing with FinCEN. Traders must consider who a brokers copy trading system works before joining it. https://www.forexbrokersonline.com/iqcent-review Social feed, trader profiles, performance statistics, communication tools

• Investors can often get started with just $10 and typically pay a small commission to the signal provider based on the volume traded.
• Top-rated copy trading brokers offer signals and opportunities on popular markets.
• As a result, this authorization allows HFM to legally offer forex and CFD trading services to Kenyan clients.
• Customize your settings (control how much you want to allocate to each provider and how much risk you are willing to take).
• These platforms often function in regions with loose regulatory requirements, giving them more freedom in operations.
• Copy trading is popular on platforms like eToro, ZuluTrade, and NAGA because it combines social networking with investing.

Apps

These platforms are ideal for following and replicating the strategies of successful traders, especially in fast-paced markets such as Forex, stocks, and cryptocurrencies. If your an expert trader, then we recommend using an institutional forex trading platform which have additional benefits over regular https://www.trustpilot.com/review/iqcent.pro retail brokers such as reduced fees and increased leverage. EToro is a popular social trading platform that revolutionized the way traders interact and copy each other’s trades.

Overall, ZuluTrade is a convenient and user-friendly platform for traders looking to get started with copy trading. When choosing a trader to follow on ZuluTrade, you can filter by various criteria such as performance, risk level, and trading style. Tradeo also provides advanced trading tools and features to help traders make informed decisions and improve their trading performance. For example, Tradeo has a feature called “Top Traders Leaderboard” that ranks traders based on their performance, so traders can easily find and follow the most successful traders on the platform. According to eToro, CopyTrader is its “most iconic feature.” CopyTrader, a proprietary platform, lets traders choose from signal providers with successful track records.

Provides a community-driven environment for observing, discussing, and evaluating trader activity While the core concept of copy trading and social trading are the same, there is still a difference in how they work. Historical performance does not ensure future profitability under changing market conditions Advanced copy trading via NAGA Autocopy with real-time strategy replication and performance analytics The following table contains the advantages and disadvantages of trading with the NAGA broker. Headquartered in Germany and operating under NAGA Group AG, a publicly listed company on the Frankfurt Stock Exchange, the broker is regulated by CySEC (License 204/13) and adheres to MiFID standards.

Copy trading platforms allow you to check how many followers and copiers each trader has. Filter traders by time period, profile, social, performance, risk, portfolio and activity. But trading signals are not enough, one needs to make an account with the best copy trading platforms they can find for Forex trading and more. Most modern brokerages offer copy trading to clients through specific investment tools on their trading platforms.