Best Copy Trading Platforms and Brokers 2024

A copy trading platform software allows investors to automatically replicate the trading actions of other, more experienced traders. There are many competing softwares in the market, but our experts have reviewed and rated the best copy trading brokers and their platforms in this test updated for 2024.

Top 10 Copy Trading Platforms

In our broker reviews we have found that these are the 10 best copy trading platforms:

Click a broker for details
  1. 1
    eToro USA
    Invest $100 and get $10
    https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

    Ratings
    4.3 / 5
    3 / 5
    3.9 / 5
    3.4 / 5
    4 / 5
    3 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4 / 5

    $10
    $10
    SEC, FINRA
    Stocks, Options, ETFs, Crypto
    eToro Trading Platform & CopyTrader
    ACH Transfer, Debit Card, PayPal, Wire Transfer
    USD
  2. 2
    DNA Markets

    Ratings
    3 / 5
    4 / 5
    4 / 5
    3.9 / 5
    3.5 / 5
    3.6 / 5
    1.8 / 5
    1.6 / 5
    4.8 / 5
    4.4 / 5

    $100
    0.01 Lots
    1:500
    ASIC
    CFDs, Forex, Indices, Commodities, Stocks, Crypto
    MT4, MT5
    Credit Card, Debit Card, Wire Transfer, BPAY, Skrill, Neteller, Bitcoin Payments, Bitwallet, AstroPay, Mastercard
    USD, EUR, GBP, CAD, AUD, NZD, SGD
  3. 3
    Pocket Option
    50% Deposit Bonus

    Ratings
    2 / 5
    3.5 / 5
    2.5 / 5
    3.5 / 5
    3.3 / 5
    3.3 / 5
    3 / 5
    3.5 / 5
    4 / 5
    4.2 / 5

    $50
    $1
    MISA
    Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
    Web, MT4, MT5
    Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash
    USD
  4. 4
    IQCent
    20% to 200% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    2.4 / 5
    4.3 / 5
    3.8 / 5
    2.5 / 5
    3 / 5
    2 / 5
    4.3 / 5
    4.1 / 5

    $250
    $0.01
    1:500
    IFMRRC
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    Online Platform, TradingView
    Credit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, Mastercard
    USD, EUR
  5. 5
    Videforex
    20% to 200% Deposit Bonus

    $250
    $0.01
    1:500
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    TradingView
    Skrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum Payments
    USD, EUR, GBP, AUD, RUB
  6. 6
    ForexChief
    $100 No Deposit Bonus

    $10
    0.01 Lots
    1:1000
    VFSC
    CFDs, Forex, Metals, Commodities, Stocks, Indices
    MT4, MT5
    Wire Transfer, Bitcoin Payments, Credit Card, UnionPay, Skrill, Neteller, WebMoney, Perfect Money, Debit Card, Ethereum Payments, FasaPay, Volet
    USD, EUR, GBP, JPY, CHF
  7. 7
    Pionex

    $0
    0.1 USDT
    FinCEN
    Cryptos
    Own
    Bitcoin Payments
  8. 8
    BinaryCent
    20% - 200% deposit bonus

    $250
    $0.01
    1:500
    VFSC
    CFDs, Forex, Stocks, Cryptos, Options, Commodities
    Own
    Visa, Mastercard, Debit Card, Credit Card, Skrill, WebMoney, Neteller, Bitcoin Payments, Wire Transfer, Perfect Money, Ethereum Payments
    USD
  9. 9
    World Forex
    100% Deposit Bonus

    $1
    0.01 Lots
    1:1000
    SVGFSA
    Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
    MT4, MT5
    Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, Volet
    USD, EUR, RUB
  10. 10
    RaceOption
    20% - 200% Deposit Bonus

    $250
    $0.01
    1:500
    Binary Options, CFDs
    TradingView
    Credit Card, Debit Card, Bitcoin Payments, Neteller, Skrill, Perfect Money, Mastercard, Visa, Ethereum Payments
    USD, EUR, GBP, AUD, RUB

Here is a summary of why we recommend these brokers:

  1. eToro USA - You can mirror the positions and strategies of up to 100 other traders with the market-leading eToro US copy trading service. Unlike many competitors, eToro gives you more control over your portfolio, allowing you to stop or pause a copied trade at any time. Pricing is also fairly competitive, with only $1 required to copy a position. eToro copy trading is for crypto only.
  2. DNA Markets - DNA Markets offers Signal Start, a user-friendly copy trading solution. The tool is easy to use and new traders enjoy the first 3 months subscription-free. On the negative side, it lacks the social trading features you get with more comprehensive apps like eToro.
  3. Pocket Option - Pocket Option hosts a user-friendly social trading service. Available in the platform, you can use the ‘Top Ranked Trades’ leaderboard, among others, to find traders to follow. The social trading solution is also available 24/7 and has active community chats. Tip: check the number of trades made and profit generated over several months rather than comparing providers over a few days.
  4. IQCent - A copy trading service is pre-integrated into the broker’s web platform, where you can follow and replicate the trades of up to 10 established investors. Where it shines is its ease of use - you simply decide how much you want to invest and hit 'copy'. On the downside, the pool of master traders is narrow and you get limited data on past performance, making it less reliable.
  5. Videforex - Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders. Simply choose a trader and asset class and specify the investment amount.
  6. ForexChief - Clients can follow copy trading signals on the MetaTrader platform. Alternatively, signal providers can generate extra income by selling their positions. You can start copy trading in a few easy steps.
  7. Pionex - Pionex clients can find other successful investors and copy their trading bot setups. This allows users to buy and sell cryptos 24/7 from a user-friendly platform and app.
  8. BinaryCent - The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant.
  9. World Forex - Use copy trading signals on MT4 to replicate strategies in your own live account. No additional fees apply and the platform is available via downloadable software plus a web-accessible solution.
  10. RaceOption - Replicate the positions and strategies of multiple traders while leveraging the RaceOption leaderboard. You can start copy trading in three fast steps and follow multiple traders simultaneously.

Copy Trading Platforms Comparison

Copy Trading Platforms Comparison
Broker Social Investing Minimum Deposit Instruments Platforms Regulators
eToro USA logo $10 Stocks, Options, ETFs, Crypto eToro Trading Platform & CopyTrader SEC, FINRA
DNA Markets logo $100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 ASIC
Pocket Option logo $50 Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos Web, MT4, MT5 MISA
IQCent logo $250 Binary Options, CFDs, Forex, Indices, Commodities, Crypto Online Platform, TradingView IFMRRC
Videforex logo $250 Binary Options, CFDs, Forex, Indices, Commodities, Crypto TradingView -
ForexChief logo $10 CFDs, Forex, Metals, Commodities, Stocks, Indices MT4, MT5 VFSC
Pionex logo $0 Cryptos Own FinCEN
BinaryCent logo $250 CFDs, Forex, Stocks, Cryptos, Options, Commodities Own VFSC
World Forex logo $1 Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts MT4, MT5 SVGFSA
RaceOption logo $250 Binary Options, CFDs TradingView -

eToro USA

"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."

Rebecca Holden, Reviewer

eToro USA Quick Facts

Bonus OfferInvest $100 and get $10
Demo AccountYes
InstrumentsStocks, Options, ETFs, Crypto
RegulatorSEC, FINRA
PlatformseToro Trading Platform & CopyTrader
Minimum Deposit$10
Minimum Trade$10
Account CurrenciesUSD

Pros

  • The broker's Academy offers comprehensive learning materials for beginners to advanced-level investors
  • Investors can access Smart Portfolios for a more hands-off approach, covering a range of sectors and markets such as renewable energy and artificial intelligence
  • eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC

Cons

  • Average fees may cut into the profit margins of day traders
  • There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
  • The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools

DNA Markets

"DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. "

Jemma Grist, Reviewer

DNA Markets Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Indices, Commodities, Stocks, Crypto
RegulatorASIC
PlatformsMT4, MT5
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, SGD

Pros

  • After a recent upgrade, there are now over 800 assets available to trade via CFDs, with a particularly impressive range of 120+ cryptos
  • Convenient account funding is available with 7 base currencies, a $100 deposit and a wide range of payment methods
  • You can access low trading fees with spreads from 0.0 pips in the Raw account and zero non-trading fees

Cons

  • Although it continues to strengthen its client base and reputation, DNA Markets lacks the track record of top brokers like Vantage
  • Despite access to MT4 and MT5, there is no proprietary trading app for seamless account management whilst on the go
  • Unlike many alternatives, there are limited educational and research tools for traders seeking an all-in-one solution

Pocket Option

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

Rebecca Holden, Reviewer

Pocket Option Quick Facts

Bonus Offer50% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, Currencies, Commodities, Stocks, Indices, Cryptos
RegulatorMISA
PlatformsWeb, MT4, MT5
Minimum Deposit$50
Minimum Trade$1
Account CurrenciesUSD

Pros

  • Extremely fast and smooth sign-up process that takes less than 2 minutes
  • Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks
  • The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks

Cons

  • The MISA is a weak regulator with limited investor protection for retail traders
  • Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
  • Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders

IQCent

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

Rebecca Holden, Reviewer

IQCent Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
RegulatorIFMRRC
PlatformsOnline Platform, TradingView
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD, EUR

Pros

  • There's an accessible $0.01 minimum stake for new day traders with a small budget
  • IQCent is one of the few binary options brokers that also offers a copy trading service for hands-off traders
  • CFD trading fees are competitive based on tests, including 0.7 pips on major forex pairs such as EUR/USD

Cons

  • The market analysis is very basic with limited technical summaries and insights from analysts
  • IQCent trails binary brokers like Quotex with its narrow investment offering of around 100 assets with no stocks
  • IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month

Videforex

"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."

William Berg, Reviewer

Videforex Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
PlatformsTradingView
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • You can easily mirror the trades of experienced investors with low fees
  • Videforex allows you to enter positions with just ¢0.01
  • Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies

Cons

  • The broker isn’t overseen by a trusted regulatory agency
  • US clients aren’t accepted due to legal restrictions
  • No MetaTrader 4 integration

ForexChief

"xChief continues to prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to seasoned traders. However, the lack of top-tier regulatory oversight is a major drawback."

William Berg, Reviewer

ForexChief Quick Facts

Bonus Offer$100 No Deposit Bonus
Demo AccountYes
InstrumentsCFDs, Forex, Metals, Commodities, Stocks, Indices
RegulatorVFSC
PlatformsMT4, MT5
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, JPY, CHF

Pros

  • Traders can access a copy trading solution via the MetaQuotes Signals service
  • The broker offers several account types to suit different traders, including a Cent account for beginners and pro-level hedging/netting accounts
  • xChief delivers a high-quality day trading environment via the MT4 and MT5 platforms, with market-leading charts, indicators and tools

Cons

  • The Classic+ and Cent accounts provide access to fewer instruments than the other account types, at 50+ and 35+, respectively
  • xChief is an offshore broker with weak regulatory oversight from the VFSC, so traders will receive limited safeguards
  • The total range of 150+ assets is much lower than most competitors who typically offer hundreds

Pionex

"Pionex is an excellent option for crypto traders with an interest in cutting-edge AI like ChatGPT and automated trading."

William Berg, Reviewer

Pionex Quick Facts

Demo AccountNo
InstrumentsCryptos
RegulatorFinCEN
PlatformsOwn
Minimum Deposit$0
Minimum Trade0.1 USDT

Pros

  • Money Services Business (MSB) license by US FinCEN
  • 40+ cryptocurrency funding coins accepted
  • Powerful integrated AI chatbot 'PionexGPT' helps users programme trading bots on Pine script

Cons

  • Withdrawal fees and limits may apply
  • No demo account
  • Does not accept fiat deposits

BinaryCent

"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."

Tobias Robinson, Reviewer

BinaryCent Quick Facts

Bonus Offer20% - 200% deposit bonus
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Cryptos, Options, Commodities
RegulatorVFSC
PlatformsOwn
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD

Pros

  • Trade binary contracts from $0.10 allowing trading opportunities for all budgets
  • Copy trading and binary options bots are useful for beginner traders
  • Accepts a wide range of funding methods, including cryptos and e-wallets

Cons

  • Not available to traders based in the US
  • Not overseen by any reputable regulator, raising risks and reducing customer protections
  • The $250 minimum deposit is higher than most binary options brokers

World Forex

"World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."

Tobias Robinson, Reviewer

World Forex Quick Facts

Bonus Offer100% Deposit Bonus
Demo AccountYes
InstrumentsForex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
RegulatorSVGFSA
PlatformsMT4, MT5
Minimum Deposit$1
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, RUB

Pros

  • VPS hosting
  • STP/ECN technology
  • MT4, MT5 and a proprietary trading terminal

Cons

  • No negative balance protection
  • Withdrawal fees apply
  • Weak regulation

RaceOption

"RaceOption will appeal to traders new to binary options looking for copy trading, contests and 24/7 customer support. Experienced traders will also appreciate the account-based perks and bonuses."

William Berg, Reviewer

RaceOption Quick Facts

Bonus Offer20% - 200% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, CFDs
PlatformsTradingView
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • First 3 trades are risk-free in the Silver and Gold accounts, with only $1,000 required to be eligible
  • Free and instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour
  • Flexible weekend trading available plus 24/7 multilingual customer support

Cons

  • Limited educational resources
  • $250 minimum deposit is higher than other binary options brokers
  • Withdrawal thresholds apply

How Copy Trading Platforms Work

Copy trading brokers provide a platform that connects aspiring investors with experienced traders, enabling them to mirror positions and strategies in their own accounts. As a result, beginners can start trading with very limited effort.

On the downside, losing trades will also be reflected in the investor’s account, so selecting good traders to copy is essential.

A good copy trading platform offers trading on multiple markets, from forex and cryptos to stocks and commodities. Investors can often get started with just $10 and typically pay a small commission to the signal provider based on the volume traded.

Importantly, the best copy trading platforms make it easy to find a master trader, providing detailed insights into their returns, strategies, and risk ratings.

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.

Independent Copy Trading Platforms

Depending on the broker, copy trading can be offered through proprietary software or an independent, third-party platform such as those listed below. Some brokers offer additional research tools or networking forums, such as Telegram or TradingView.

MetaTrader 4

Meta trader 4 mirror trading

MT4 has been set up so you can mirror the trades and automatically copy the strategies of successful traders. Select the Signals tab from within the platform for access to over 3,200 free and paid signals from top forex providers. Traders are ranked in order of results, so it’s quick and easy to choose a provider and select your parameters. You can then start copying trades in both live and demo settings.

Best MT4 Brokers

The best brokers to use if you want to copy trade using Meta Trader 4 are:

  1. AvaTrade
  2. Vantage
  3. BDSwiss
  4. XM
  5. IC Markets

Below you can learn how to start copy trading using MetaTrader 4.

  1. Open an account with a MT4 broker.
  2. Deposit money to your account.
  3. Download MetaTrader 4.
  4. Open MetaTrader 4.
  5. Go to the Signals Tab located at the bottom of the screen.
  6. Choose a signal provider.
  7. Select a free or paid subscription.
  8. Click the Subscribe button.
  9. Select trade parameters

You can see the trade statistics of the copy trading subscription by clicking the “My Statistics tab”. You can easily stop copying a  trader at any time by clicking on the signal provider and then clicking the unsubscribe button.

MetaTrader 5

meta trader 5 mirror trading

Similar to MT4, you can automatically replicate the trades of others on the MT5 platform. Masters and followers do not need to be signed up with the same broker – the MT5 platform connects traders across continents and brokerages. Subscription prices are fixed in the MT5 market place, and rapid data exchanges help to reduce execution delays making the platform ideal for copy trading.

Best MT5 Brokers

The best brokers to use if you want to copy trade using Meta Trader 5 are:

  1. AvaTrade
  2. Vantage
  3. derive.com
  4. BDSwiss
  5. XM

How to Copy Trade Using MT5

Below you can learn how to start copy trading using MetaTrader 5.

  1. Open an account with a MT5 broker.
  2. Deposit money to your account.
  3. Download MetaTrader 5
  4. Open MetaTrader 5.
  5. Go to the Signals Tab in the “Toolbox” menu located on the bottom of the screen.
  6. Choose a signal provider.
  7. Select a free or paid subscription.
  8. Click the Subscribe button.
  9. Select trade parameters

You can see the trade statistics of the copy trading subscription by clicking the “My Statistics tab”. You can easily stop copying a  trader at any time by clicking on the signal provider and then clicking the unsubscribe button.

eToro USA DNA Markets Pocket Option
MetaTrader 4 No Yes Yes
MetaTrader 5 No Yes Yes
Copy Trading App iOS & Android iOS & Android iOS & Android
App Rating
Visit Visit Visit Visit
Review Review Review Review

cTrader

ctrader
Another popular platform is the integrated cTrader solution. Once clients have opened an account, they can navigate to the Copy area to explore available strategies and compare providers’ history, risk appetite, and fees. Clients decide how much they want to allocate to mirror a particular trader, and are free to copy multiple providers simultaneously.

DupliTrade

duplitrade

DupliTrade offers leading automated copy trading technology. Users have the flexibility to select what proportion of trades they’d like to copy, and the option to scale up and down. Users can copy trades in forex, stocks, indices and commodities markets. Those wishing to sell their trades have to pass a rigorous audit progress while clients are presented with all the facts and figures they need to make an informed decision.

eToro USA DNA Markets Pocket Option
cTrader No No No
DupliTrade No No No
Copy Trading App iOS & Android iOS & Android iOS & Android
App Rating
Visit Visit Visit Visit
Review Review Review Review
DupliTrade interface
Screenshot of DupliTrade

Comparing Copy Trading Platforms

With a growing list of copy trading softwares in 2024, here are the key factors to weigh up when choosing a provider:

Software

Some copy trading companies offer their own platform, such as AvaTrade’s AvaSocial, while many providers use popular third-party copy trading softwares, such as ZuluTrade, DupliTrade, or Myfxbook.

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.

💡
Check there are no monthly fees to use third-party copy trading platforms before signing up for an account.

Apps

The best copy trading brokers also offer a mobile-compatible app softwares, available on iOS and Android devices.

The top-rated copy trading apps should offer seamless integration between the desktop software and mobile/tablet solution, allowing users to follow master traders and manage their accounts while on the go.

Quality & Quantity

The best copy trading platforms have thousands of signal providers spanning multiple asset classes.

Leading firms also offer detailed performance metrics so investors can analyze short, medium and long-term profits, drawdowns, risk ratings, strategies and systems, number of followers, and trade frequency.

Market Access

Top-rated copy trading brokers offer signals and opportunities on popular markets. This includes US and European stocks, global indices, major, minor and exotic forex pairs, precious metals and energies, plus cryptocurrencies like Bitcoin.

A good range of asset classes means more opportunities to build a diverse portfolio while learning about new markets.

Fees & Costs

Copy trading platforms have different pricing structures. Some will charge a flat fee based on the volume traded/copied while others only take a commission on profitable trades.

Importantly, any fee owed directly to the master trader should be transparent and known upfront.

Control & Flexibility

The best copy trading firms give you the flexibility to manually adjust trades and positions. The top providers allow you to filter trades based on returns, losses and costs.

Copy Period

The top copy trading companies allow you to immediately stop following the trades of signal providers. Firms should not lock you in for a fixed period which could lead to mounting losses.

Minimum Investment

The highest-rated copy trading platforms have a low minimum investment requirement, making it easy for beginners and those on a budget to get started.

This can be as low as $10 at some providers while other firms require several hundred dollars.

Demo Account

An effective way to test the quality of a copy trading broker’s signals and tools is through free demo accounts. These paper trading profiles allow you to trial a firm’s software before registering for a live account.

Investors usually need to provide basic contact details to get started.

Regulation

The top copy trading platforms are regulated by a reputable financial agency, such as the UK Financial Conduct Authority (FCA), the Cyprus Securities & Exchange Commission (CySEC), or the Australian Securities & Investments Commission (ASIC).

Signing up with a regulated copy trading brokerage means various customer safeguarding measures should be in place, such as the provision of negative balance protection, restrictions on excessive leverage and misleading promotions, plus access to compensation schemes should the brokerage go bankrupt.

Customer Support

The best copy trading companies have a responsive customer support team on-hand to help with any queries or issues. Leading copy trading firms offer support 24/5 via live chat, telephone, and email.

A growing list of copy trading platforms also provides assistance through social media channels, such as WhatsApp and Facebook Messenger.

Copy Trading Apps

Increasingly traders are doing most of their trading using one of the best trading apps on the market, which is also true for copy trading. These are the top copy trading apps currently:

DNA Markets Pocket Option IQCent Videforex BinaryCent
Copy Trading App iOS & Android iOS & Android iOS & Android Android iOS, Android
iOS Att Rating
Android App Rating
Visit Visit Visit Visit Visit Visit
Review Review Review Review Review Review

There are also independent copy trading apps – MetaTrader 4, MetaTrader 5 and other trading platforms offer downloadable mobile apps for iOS and Android devices. Once installed, clients can compare traders, consider strategies, fund their accounts, and start copying trades in a few clicks.

Bottom Line

Good copy trading platforms make it easy for beginners to find and follow the strategies of experienced traders. Leading providers also offer an intuitive platform to master traders with the tools to reach a large base of potential followers and create a second revenue stream.

Use our ranking of the best copy trading platforms to find a broker that aligns with your financial goals and risk tolerance.

FAQ

What Is The Best Copy Trading Platform?

That depends on your location. See our list of copy trading platforms to find out which broker is ranked #1 in your country.