Compare Brokers Copy Trading Features
For beginner traders, copy trading is an exciting way to participate in the financial markets without the need for extensive experience. In this article, we’ll explain what copy trading is, discuss its various types, and provide a detailed comparison of 50 top brokers offering copy trading services. We’ll also highlight the country of regulation for each broker to ensure you choose a trustworthy platform.
Why Choose Copy Trading?
- Beginner-Friendly: Requires minimal trading knowledge.
- Passive Income: Allows traders to profit passively.
- Diversification: Copy multiple traders to spread risk.
- Learning Opportunity: Observe expert strategies in real-time.
Types of Brokers Copy Trading
- Manual Copy Trading: Traders manually choose which trades to copy, offering more control.
- Automated Copy Trading: Trades are copied automatically once you select a trader to follow.
- Mirror Trading: Similar to automated trading but focuses on copying entire strategies instead of individual trades.
- Social Trading: Combines copy trading with social features, allowing users to discuss strategies and performance.
Compare Brokers Copy Trading
Below is a table comparing 50 popular brokers that offer copy trading services, including their country of regulation:
| Broker | Country of Regulation | Copy Trading Platform | Type of Copy Trading |
|---|---|---|---|
| eToro | Cyprus (CySEC) | eToro CopyTrader | Automated, Social |
| ZuluTrade | Greece (HCMC) | ZuluTrade | Automated |
| AvaTrade | Ireland (CBI) | AvaSocial, ZuluTrade | Automated, Social |
| Pepperstone | Australia (ASIC) | Myfxbook, DupliTrade | Automated |
| FXTM | Cyprus (CySEC) | FXTM Invest | Automated |
| IG Group | UK (FCA) | IG Social Trading | Social, Automated |
| CMC Markets | UK (FCA) | CMC Copy Trading | Automated |
| RoboForex | Belize (IFSC) | CopyFX | Automated |
| FXPro | UK (FCA) | FXPro Edge | Manual, Automated |
| OctaFX | Cyprus (CySEC) | OctaFX CopyTrading | Automated |
| XM | Cyprus (CySEC) | XM Copy Trading | Automated |
| FBS | Belize (IFSC) | FBS CopyTrade | Automated |
| Darwinex | UK (FCA) | Darwinex Platform | Mirror Trading |
| IC Markets | Australia (ASIC) | Myfxbook, ZuluTrade | Automated |
| FXChoice | Belize (IFSC) | Myfxbook AutoTrade | Automated |
| JustForex | Belize (IFSC) | Copy Trading Platform | Automated |
| Tickmill | Seychelles (FSA) | Myfxbook, DupliTrade | Automated |
| HYCM | UK (FCA) | HYCM Copy Trading | Automated |
| Admiral Markets | Estonia (EFSA) | MetaTrader Copy Trading | Automated |
| Alpari | Mauritius (FSC) | Alpari Copy Trading | Automated |
| NordFX | Vanuatu (VFSC) | NordFX Copy Trading | Automated |
| Fusion Markets | Australia (ASIC) | DupliTrade | Automated |
| FXGlory | St. Vincent (FSA) | FXGlory Copy Trading | Automated |
| SuperForex | Belize (IFSC) | SuperForex Copy Trading | Automated |
| Fibo Group | BVI (FSC) | Fibo Copy Trading | Automated |
| LQDFX | Marshall Islands | LQDFX Copy Trading | Automated |
| Vantage FX | Australia (ASIC) | DupliTrade, Myfxbook | Automated |
| Exness | Seychelles (FSA) | Exness Social Trading | Automated, Social |
| AMarkets | St. Vincent (FSA) | AMarkets Copy Trading | Automated |
| FXPrimus | Cyprus (CySEC) | FXPrimus Copy Trading | Automated |
| Trade360 | Cyprus (CySEC) | CrowdTrading Platform | Social, Automated |
| Valutrades | UK (FCA) | Valutrades Copy Trading | Automated |
| FXGiants | UK (FCA) | FXGiants Copy Trading | Automated |
| Eightcap | Australia (ASIC) | Myfxbook AutoTrade | Automated |
| Phemex | Singapore (MAS) | Phemex Copy Trading | Automated |
| ForexVox | UK (FCA) | ForexVox Copy Trading | Social, Automated |
| Capital.com | UK (FCA) | Capital.com Copy Trading | Automated |
| AxiTrader | Australia (ASIC) | Myfxbook AutoTrade | Automated |
| SimpleFX | St. Vincent (FSA) | SimpleFX Copy Trading | Automated |
| Libertex | Cyprus (CySEC) | Libertex Social Trading | Social, Automated |
| NordFX | Vanuatu (VFSC) | NordFX Copy Trading | Automated |
| AMarkets | St. Vincent (FSA) | AMarkets Copy Trading | Automated |
| FXTM | Cyprus (CySEC) | FXTM Invest | Automated |
| HotForex | Cyprus (CySEC) | HFcopy | Automated |
| Swissquote | Switzerland (FINMA) | Swissquote Copy Trading | Automated |
| City Index | UK (FCA) | City Index Copy Trading | Automated |
| IC Markets | Australia (ASIC) | Myfxbook AutoTrade | Automated |
| Orbex | Cyprus (CySEC) | Orbex Copy Trading | Automated |
| Pepperstone | Australia (ASIC) | DupliTrade | Automated |
| ZuluTrade | Greece (HCMC) | ZuluTrade | Automated, Social |
Note: Always verify current information on the broker’s official website before making a decision.
Final Thoughts
Copy trading is an excellent entry point for beginners looking to engage in the financial markets. It offers an opportunity to learn from experienced traders, diversify investments, and potentially earn passive income. However, it’s essential to choose brokers that are regulated by credible authorities to ensure the safety of your funds.
When selecting a broker for copy trading, consider the platform’s features, types of copy trading available, and the regulations in place. By staying informed and understanding the risks, you’ll be better equipped to succeed in your trading journey.