Compare Copy Trading Platforms
Social trading platforms let you copy trading activity of experienced traders to help you make more profitable trades. The best copy trading platforms include social features to let you find, observe and copy experienced traders. This comparison can help you choose the cheapest and best platform for you.
| Featured Broker | Account Options | Available Markets | Typical Costs | More Info |
|---|---|---|---|---|
| CFDs: Yes Spread Betting: No DMA: No Pro Account: Yes | Total Markets: na Forex Pairs: 47 Commodities: 19 Indices: 13 UK Stocks: 313 US Stocks: 1104 | EURUSD: 0.3 pips UK 100: 1.5 points Wall Street: 6 points Gold: 0.45 points UK Shares: 0.9% US Shares: 0.9% | See Offer71% of retail investor accounts lose money when trading CFDs with this provider | |
 | CFDs: Yes Spread Betting: No DMA: No Pro Account: Yes | Variable | Variable | See OfferBetween 74-89% of retail investors lose money when trading CFDs |
 | CFDs: Yes Spread Betting: Yes DMA: No Pro Account: Yes | Total Markets: 5,000 Forex Pairs: 60 Commodities: 25 Indices: 34 UK Stocks: 350 US Stocks: na | EURUSD: 0.6 pips UK 100: 1 point1 Wall Street: 4 points Gold: 0.4 points UK Shares: 0.1% US Shares: 2¢ per share | See Offer 77.4% of retail investor accounts lose money when trading CFDs with this provider |
What is copy trading?
Copy trading is a process by which traders copy the trades of another trader. It is a form of mirrored execution that have been around for a decade or so. However, it has recently been made popular by social trading networks like ayondo and etoro
Can you really make money with social trading?
It is possible to make money with copy trading. To do so you need to follow profitable traders. However, if you follow a trader that does not make money you will also lose money. It is possible to make more or less profit or loss than the trader you follow by setting your risk perimeters accordingly.
How to get started in copy trading
To get started and start social trading you need to have an account with a social trading broker or social trading network. They are essentially the same thing as the network acts as a broker for the traders to execute trades. When you have compared the social trading sites in our comparison tables and opened an account you then need to pick a trader to follow.
The best copy trading sites
The most important being the traders that allow other to follow them and how much profit they make. If a social trading network does not have any profitable traders it is obviously no good.
Copy trading reviews
You can read reviews of the top social trading brokers by clicking on the review link in our social trading site comparison tables. In the reviews we look at the key features like profitability, diversification, company history, management and innovative products and regulation.
How do copy trading gurus get paid?
The social trading gurus or trade leaders get paid two ways. First they bank their own profits from trading and secondly by either a flat fee per follower or a percentage of the income generated for the traders that follow their executions.