The 10 Best Social and Copy Trading Platforms and Brokers revealed.
We have listed, rated, and reviewed the Best Copy Trading Forex Brokers for beginner and professional traders. We showcase which notable traders use which mirror trading accounts.
This is a complete listing of The 10 Best Forex Brokers with Copy Trading Platforms.
In this in-depth write-up you will learn:
- Top 10 Forex Trading Platforms for Social Trading.
- A Copy Trading Platform – Explained.
- What is Copy Trading?
- Is Copy Trading Profitable?
- Best Copy Trading Brokers in South Africa.
and much, much more!
Copy Trading – A Definition
Copy trading allows traders to directly copy the positions taken by other successful traders. Traders will be able to decide the amount they wish to invest and simply copy everything automatically in real-time.
10 Best Copy Trading Platforms and Brokers in 2024 – A Comparison
| 🔎 Broker | 👥 Copy Trading | 💰 Min. Deposit | 📈 Leverage | 🚀 Open an Account |
| 🥇 AvaTrade | ✅ Yes | $100 USD | 1:400 | 👉 Click Here |
| 🥈 Exness | ☑️ Yes | $200 USD | 1:2000 | 👉 Click Here |
| 🥉 Pepperstone | ✅ Yes | $200 USD | 500:1 | 👉 Click Here |
| 🏅 FXCM | ☑️ Yes | $50 USD | 1:30 | 👉 Click Here |
| 📌 Tickmill | ✅ Yes | $100 USD | 1:500 | 👉 Click Here |
| 📍 FP Markets | ☑️ Yes | $100 USD | 1:500 | 👉 Click Here |
| 📌 HFM | ✅ Yes | $100 USD | 1:500 | 👉 Click Here |
| 📍 FXTM | ☑️ Yes | $10 USD | 1:2000 | 👉 Click Here |
| 📌 IC Markets | ✅ Yes | $200 USD | 1:500 | 👉 Click Here |
| 📍 Axi | ☑️ Yes | $0 USD | 1:500 | 👉 Click Here |
10 Best Copy Trading Platforms and Brokers (2024)
- ✅ AvaTrade – Best Overall Copy Trading Broker
- ✅ Exness – Copy trading Account with Best Trading Conditions
- ✅ Pepperstone – Leading Copy Trading ECN Broker
- ✅ FXCM – Lowest Spread Copy Trading Broker
- ✅ Tickmill – Best Copy Trading Platform for Beginners
- ✅ FP Markets – Best MT4 Copy Trading Broker
- ✅ HFM – Excellent Online Trading Experience
- ✅ FXTM – High Forex Trust Score
- ✅ IC Markets – Award-Winning Social Trading Broker
- ✅ Axi – Popular Forex Broker for Experience Traders
AvaTrade
AvaTrade allows investors to trade CFDs on FX, Stocks, Commodities, Crypto, Indices & Options. AvaTrade offers tight spreads, no commissions, leverage of up to 400:1, and instant execution.
AvaTrade Overview
| 🔎 Broker | 🥇 AvaTrade |
| 📜 FSCA regulated | ✅ Yes |
| 🚀Bonus | ✅ Yes |
| 🔥Trust Score | 94% |
| 🔥Live support | 24/5 |
| 📱 MetaTrader 4 (MT4) | ✅ Yes |
| 📱 MetaTrader 5 (MT5) | ✅ Yes |
| 📊Trading Islamic Account | ✅ Yes |
| 📊CFDs – Total Offered | 681 |
| 💰 Spreads | 0,9 pips |
| 💰 Withdrawal fee amount | Zero |
| 💰 Trading fees class | Very Low |
| ✔️ Scalping Allowed | ✅ Yes |
| 🚀 Open a account | 👉 Click Here |
AvaTrade Copy and Social Trading
AvaTrade offers 3 platforms for copy trading, ZuluTrade, AvaSocial, and Duplitrade. DupliTrade is a user-friendly trading platform that will allow users to automatically duplicate the actions of expert traders directly.
AvaTrade Pros and Cons
Exness
Exness offers online trading with better-than-market conditions. Exness withdrawals are carried out in seconds with accounts available to suit individual trading needs.
Exness Overview
| 🔎 Broker | 🥇 Exness |
| 📝 Regulation | Multiple |
| 💻 Trading Desk | Market Maker, NDD |
| 🎉 Sign Up Bonus | None |
| ➖ Min. Deposit from | $10 USD |
| 🔁 Spreads from | 0.1 Pips |
| ➕ Max Leverage | 1:2000 |
| 💳 Commission | Yes |
| 🛑 Inactivity Fee | No |
| 🚀 Open an Account | 👉 Click Here |
Exness Copy Trading
Exness Social Trading allows traders to copy experienced traders with both earning from profitable trades all while keeping complete control over their investments.
Exness Pros and Cons
| ✔️ Pros | ❌ Cons |
| Segregates client funds | Limited range of instruments |
| Established in 2008 | Not FCA Regulated |
Pepperstone
Pepperstone is a well-established Australian brokerage firm that is fully regulated by ASIC, FCA, and CMA. Pepperstone client funds are kept in segregated accounts with tier 1 banks.
Pepperstone Overview
| 🔎 Broker | 🥇 Pepperstone |
| 📍 Regulation | FCA, ASIC and AFSL |
| 📌AFSL No | 414530 |
| 📌FCA no | 684312 |
| 👍 Demo Account | ☑️ Yes |
| 💰 Minimum Deposit | $10 USD |
| 📎 Bonus | No |
| ☪️ Islamic account | ✅ Yes |
| 📊 Institutional Accounts | ☑️ Yes |
| 📊 Managed Accounts | ✅ Yes |
| 📈 Maximum Leverage | 1:200 |
| 🚀 Open an Account | 👉 Click Here |
Pepperstone Copy Trading
Pepperstone has partnered with a range of social trading platforms to help traders access strategies from the world’s best traders. Social Trading Platforms made available by Pepperstone include Myfxbook, MetaTrader Signals, and DupliTrade.
Pepperstone Pros and Cons
| ✅ Pros | ❎ Cons |
| Fast Account Opening | Mostly CFDs Offered |
| Excellent Customer Support | Basic MetaTrader Platform |
FXCM
FXCM is an award-winning provider of Forex trading, stocks, CFD trading, and related services. Users can start trading with no commissions and low spreads.
FXCM Overview
| 🔎 Broker | 🥇 FXCM |
| 📝 Regulation | FCA |
| 💰 Min. Deposit | $50 USD / R750 ZAR |
| 🔁 Spread from | 1.4 |
| ✅ Tradeable Symbols | 276 |
| 💵 Forex Pairs | 42 |
| 💳 Cryptocurrency | ❌ No |
| 💻 Trading Platform | MT4 |
| 🚀 Open an Account | 👉 Click Here |
FXCM Copy Trading
FXCM offers social trading via the ZuluTrade trading platform. ZuluTrade allows users to copy leading Traders directly to their FXCM trading account.
FXCM Pros and Cons
Tickmill
Tickmill offers its clients a great range of services and products. Tickmill is regulated within several regions by the Cyprus Securities and Exchange Commission (CySEC), The Financial Conduct Authority (FCA), and the Financial Sector Conduct Authority (FSCA).
Tickmill Overview
| 🔎Broker | Tickmill |
| 💰 Minimum Deposit | USD 100 |
| 🌐 Regulators | CySEC, FCA, FSA, FSCA, Labuan FSA |
| 📱 Trading Desk | MetaTrader 4, MetaTrader 5 |
| ₿ Crypto | ✔️ Yes |
| 📈 Total Pairs | 62 |
| ☪️ Islamic Account | ✔️ Yes |
| 📊 Trading Fees | Low |
| 🕒 Account Activation Time | 24 Hours |
| 🏛️ Visit Broker | 👉 Click Here |
| 🚀 Open an Account | 👉 Click Here |
Tickmill Copy Trading
Tickmill allows users to copy successful traders within their MetaTrader4 Account. Benefits of Copy Trading with Tickmill include ease of use, managed risk, and access to accurate statistics.
Tickmill Pros and Cons
| ✔️ Pros | ❌ Cons |
| Competitive pricing | Limited platform options |
| Well regulated | |
| High leverage |
FP Markets
FP Markets offers access to Forex, Share CFDs, Indices, Commodities, and Cryptocurrencies. FP Markets users will receive Tight Raw Spreads from 0.0 Pips and Leverage up to 500:1.
FP Markets Overview
| 🔎 Broker | 🥇 FP Markets |
| 📌 Regulation | CySEC, ASIC |
| ☪️ Islamic account | ✅ Yes |
| 👍 Demo Account | ✅ Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:400 |
| 💰 Minimum Deposit | $100 USD |
| Open an Account | 👉 Click Here |
FP Markets Copy Trading
FP Markets Copy Trading allows investors to find, follow and copy successful traders automatically. FP Markets Copy Trading is available on both MetaTrader4 and MetaTrader5 platforms.
FP Markets Pros and Cons
| ✅ Pros | ❎ Cons |
| Easy and fast account opening | Limited product portfolio |
| Low trading fees | High CFD fees |
| Fast execution of trades | High minimum deposit |
| Low Forex fees | High fee for international bank withdrawal |
HFM
HFM is an award-winning forex and commodities broker that offers access to trading services and facilities. HFM Clients will have access to various account types, trading software, and tools.
HFM Overview
| 🔎 Broker | 🥇 HFM |
| 💰 Min. Deposit | $0 USD |
| 📝 Regulators | FSCA, CySEC, FCA, DFSA, FSA, CMA |
| ₿ Crypto | Yes |
| 📌 Total Pairs | 50+ |
| ☪️ Islamic Account | Yes |
| 💳 Trading Fees | 0 |
| 🚀 Open an Account | 👉 Click Here |
HFM Copy Trading
HFM has Introduced Copy Trading Pro Account, the interface allows users to follow more experienced investors and automate the process of copying their positions. Investors can follow signal providers and strategies beyond their countries (regardless of regulation).
HFM Pros and Cons
| ✅ Pros | ❎ Cons |
| FSCA Regulated | US clients not accepted |
| Fast and easy account opening | |
| Low trading fees | |
| Allocate and withdraw funds with just a few clicks | |
| ZAR Currency | |
| Copy diverse trading strategies |
FXTM
FXTM is a global CFD and FX broker. FXTM is regulated by several financial authorities and customer service is offered in several languages. Furthermore, multiple educational tools plus a demo account are made available.
FXTM Overview
| 🔎 Broker | 🥇 Pepperstone |
| 📌 Regulation | (FCA), ASIC, CySEC, DFSA, BaFin, SCB and FSCA. |
| ☪️ Islamic Account | ☑️ Yes |
| 🆓 Demo Account | ☑️ Yes |
| 📍 Institutional Accounts | ☑️ Yes |
| 📊 Managed Accounts | ☑️ Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $200 |
| 📌 Open an Account | 👉 Click Here 👈 |
FXTM Copy Trading
FXTM allows traders to start copy trading with as little as $100 USD and receive access to zero spreads on major FX pairs.
FXTM Pros and Cons
| ✔️ Pros | ❌ Cons |
| Multi-regulated trading provider | Inactivity fees apply |
IC Markets
IC Markets is a renowned Forex CFD provider that offers trading solutions for active day traders and scalpers. IC Markets offers cutting-edge trading platforms, low latency connectivity, and superior liquidity.
IC Markets Overview
| 🔎 Broker | 🥇 IC Markets |
| 📌 Regulation | ASIC |
| ☪️ Islamic account (swap-free) | ✔️ Yes |
| 📒 Demo Account | ✔️ Yes |
| 💰 Bonus | No Sign-up Bonus |
| ✴️ Institutional Accounts | ❌ No |
| 👨🏼💼 Managed Accounts | ❌ No |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $200 USD |
| 🚀 Open an Account | 👉 Click Here |
IC Markets Copy Trading
IC Markets makes mirror trading available through the cTrader Copy Trading platform. The cTrader Copy Trading platform allows users to Automate top trading strategies and grow their Investments with transparent service and manage risk.
IC Markets Pros and Cons
| ✅ Pros | ❎ Cons |
| Low Forex Fees | Limited Product Selection |
| Easy Account Opening | Slow Chat Response |
Axi
Axi is a trusted brokerage firm that caters to 60’000+ traders across 100+ countries. Axi offers Ultra-competitive pricing, unbeatable value, free education, and award-winning 24/5 customer service.
Axi Overview
| 🔎 Broker | 🥇 Axi |
| 📝 Regulation | ASIC, FCA, DFSA |
| 💰 Min Deposit | $0 USD |
| 🆓 Demo Account | ✅ Yes |
| ☪️ Islamic Account | ☑️ Yes |
| 🔁 Spreads from | 0.0 Pips |
| 📌 Commission | ✅ Yes |
| 💳 Deposit Fee | No |
| 💵 Inactivity Fee | No |
| ⚡ Withdrawal Fee | Third-Party |
| 🚀 Open an Account | 👉 Click Here |
Axi Copy Trading
Axi allows copy trading through the use of the Myfxbook Autotrade application. The Myfxbook Autotrade application is a 3rd-party application made available through the MT4 trading application.
Axi Pros and Cons
| ✔️ Pros | ❌ Cons |
| No Deposit and withdrawal fees | Only offers Forex and CFDs |
| Fully digital account opening | Limited research tools |
| No inactivity fees | Slow email support |
Conclusion
👉 Now it is your turn to participate:
➡️ Which Copy Trading Platform and Broker from this list do you intend to test out?
➡️ What was the determining factor in your decision to engage with a certain broker?
➡️ Was it because of the Copy Trading option on offer or the Pros and Cons?
👉 Regardless, please share your thoughts in the comments below.
You might also like: AvaTrade Review
You might also like: IC Markets Review
You might also like: FP Markets Review
Frequently Asked Questions
Who is the most popular Copy Trading Platform and Forex Broker choice?
According to research, AvaTrade is the most popular Copy Trading Platform and Forex Broker choice amongst investors.
What are the advantages of Copy Trading Platforms?
Advantages of Copy Trading platforms include amongst others – Being beneficial for beginner traders, Saving traders valuable time, Managing risks more safely, Traders can diversify across various markets, Someone with limited knowledge can also enter the market, can learn from traders with much more experience in the market.
Is Copy Trading platforms/brokers suited to beginner traders?
Yes, It is ideal for beginners and both inexperienced and experienced traders will benefit from making use of Copy Trading platforms and brokers.
Is it legal to use Copy trading brokers?
Yes, Copy trading is legal in most countries and traders should just make sure that the copytrader broker they choose is well-regulated before proceeding.
Can beginners make a profit with Copy Trading brokers and platforms?
Yes, Copy trading can be profitable when it is done right and this manner of trading currently provide many traders across the globe with a passive income stream, including beginner traders.
Featured SA Shares Writer and Forex Analyst.
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