10 Best Social / Copy Trading Platforms and Brokers ☑️ (2024)

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)

 

1. ✅ AvaTrade – Best Overall Copy Trading Broker
2. ✅ Exness – Copy trading Account with Best Trading Conditions
3. ✅ Pepperstone – Leading Copy Trading ECN Broker
4. ✅ FXCM – Lowest Spread Copy Trading Broker
5. ✅ Tickmill – Best Copy Trading Platform for Beginners
6. ✅ FP Markets – Best MT4 Copy Trading Broker
7. ✅ HFM – Excellent Online Trading Experience
8. ✅ FXTM – High Forex Trust Score
9. ✅ IC Markets – Award-Winning Social Trading Broker
10. ✅ 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.