Best Copy Trading Platform

Best Copy Trading Platform

Best Copy Trading Platform Comparison Table
Broker/PlatformCopy Trading Platform
ZuluTrade
Copy Trading Platform
Web Trader & Apps
Copy Trading Platform
ZuluTrade, MetaTrader Signals (Pepperstone UK)
Copy Trading Platforms
ZuluTrade, DupliTrade
Copy Trading Platforms
ZuluTrade, Myfxbook
Copy Trading Platforms

Copy Trading Platforms

Copy trading is copying the trades of other traders into the trader's own account. It is a technique which may be used by beginner traders who do not feel confident enough to trade on their own behalf, or more experienced traders who use it as an addition to other trading techniques. The trader can typically choose traders to copy based on their performance, but of course the fact a trader performed well in the past does not means they will continue to do so. Thus copy trading may well be more optimally combined with other types of trading, including trading based on the trader's own plans and trade execution.

Many brokers do not offer copy trading. Typically these are brokers which provide a user friendly platform focusing on providing an intuitive experience for the trader who plans and executes their own trades or who simply have a different focus on their feature offering.

Copy trading is however offered on third party platforms. The platforms are not brokers, rather they connect with brokers who execute their trades in the trader's account. These include ZuluTrade and Myfxbook. The broker may allow these platform to connect with the broker and the trader can trade using their brokerage accounts via these platforms. The table includes a section of brokers who do indeed allow the trader to connect these platforms and copy trade through them.

Another third platy platform which may not be associated with copy trading is MT4. It has copy trading, but the broker may or may not enable this feature. So because a broker offers MT4, does not necessarily means it provides copy trading. DupliTrade however is a platform which connects with an MT4 account and lets the trader copy trade.

Some brokers though do provide a platform designed for copy trading, as well as other kinds of trading. eToro is an example of this, its user friendly online trading platform has social and copy trading tools integrated within the platform. This kind of platform lets the trader switch between various modes of trading, for example from charting analysis to using social trading information to letting other traders in effect trade on their behalf.

Best Copy Trading Platform

The pick of best copy trading platform is eToro. This is because eToro's platform is fully integrated with social and copy trading tools, and is very user friendly. eToro has 1000+ markets to trade, covering a relatively wide range of types of markets (which can include depending on where eToro is based, real Stocks, ETFs and Cryptocurrencies, as well as CFDs). The trader can analyse markets, and may apply social trading information (for example the ideas of other traders about market events) and can then copy trade as they wish.


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