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27 Best Forex Copytrading Platforms and Brokers

Best Forex Copytrading Platforms and Brokers

 

 

 

Here are our 10 Best Forex Copytrading Platforms and Brokers

 

 

Let’s get started with the full breakdown of the Best Forex Copytrading Platforms and Brokers.

 

Overview

Within the last decade, copy trading has become the next-generation model of trading in the forex industry, as it allows beginner and advanced traders to benefit from the transactions made by the most successful trades being executed on the market.

Copytrading, also known as auto trading, social trading, and mirror trading, has been bolstered by the introduction of Web 2.0 technology, which allows forex trading system providers to copy the real-time forex trades as they occur.

This in turn allows investors to automatically profit from these successful trade strategies, and benefit from the experience of more professional traders without having to do the leg work.

As such, copy trading is a great option for new traders who still lack the experience to develop the most profitable trade strategies, and for traders who don’t have the time to devote to constantly analyzing the markets.

In this comprehensive list, we explore the 27 best copy trading brokers and platforms in the industry today, to allow you to take your trading to the next level.

 

InstaForex

 

Overall Rating

4.8/5

Rated #40 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

CySEC, FSC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

4

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️Visit Broker

 

Overview

ForexCopy is an InstaForex service that allows you to duplicate orders of successful traders even when you are away from your trading terminal.

It takes just a few minutes to choose a trader and set up automatic copying of the chosen trader’s activity. Alternatively, it takes the same few minutes to set up an account for others to be able to copy trades from you.

One of the advantages of the ForexCopy system is its reliability. The follower can fully control the situation, as the money stays on his account. He can customize the settings and even manually cancel copied orders if they seem potentially unprofitable.

 

Pros and Cons

✔️PROS ❌CONS
Relatively high maximum leverage

No minimum deposit

Reputable regulation

 

Features

Feature Information
Regulation CySEC
Minimum deposit from No minimum deposit
Average spread from Average floating 0.8 pips
Commissions from ‎None
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses 30% Deposit Bonus
Customer Support 24/5

 

Tickmill

 

Overall Rating

4.7/5

Rated #3 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

62

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

The AutoTrade system from Tickmill was designed specifically to ensure smooth and correct mirror trading.

When you subscribe to an AutoTrade provider, you can change the multiplier value (either at subscribing or afterward in your management screen).

Changing this value will show you immediately the hypothetical return and risk you could have based on the data gathered so far.

 

Pros and Cons

✔️PROS ❌CONS
Competitive pricing

Well regulated

High leverage

Advanced trading software

STP model

 

Features

Feature Information
Regulation FSA
Minimum deposit from $100
Average spread from 0.1 pips
Commissions from ‎2 per side per 100,000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses $30 Welcome Bonus
Customer Support 24/5

 

OctaFX

 

Overall Rating

4.8/5

Rated #8 of
Recommended FX Brokers

💰Minimum Deposit

$5

🌐 Regulators

SVGFSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Very Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Official Website

 

Overview

OctaFX Copytrading offers an opportunity to automatically copy leading traders and forget about the long hours of building your own trading strategy. Choose from the best Masters of Forex and diversify your trading portfolio.

 

Pros and Cons

✔️PROS ❌CONS
Ultra-fast execution No VPS available
More than 30 forex pairs are available

Well-regulated

No Forex educational tools

 

Features

Feature Information
Regulation CySEC
Minimum deposit from $100
Average spread from 0.7 pips
Commissions from  None
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses 50% Deposit Bonus
Customer Support 24/5

 

Swissquote

 

Best Australian Forex Broker Swissquote

Overall Rating

4.5/5

Rated #310 of 
Recommended FX Brokers

💰Minimum Deposit

USD 1000

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

10

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Swissquote offers MetaTrader 4 for copy trading, allowing you to automate your trading with robots or copy trading. Use the built-in editor to develop and back-test your own strategies.

It gives thousands of Expert Advisors (algorithmic trading robots) available free or for a small fee and allows you to view the profiles of hundreds of successful traders and copy their deals automatically.

 

Pros and Cons

✔️PROS ❌CONS
Comprehensive product portfolio

Solid reputation

No additional forex fees

High trading fees

 

Features

Feature Information
Regulation FCA
Minimum deposit from None for a standard account
Average spread from 1.6 pips
Commissions from None
Deposit/Withdrawal Fees $10
Maximum Leverage 1:400
Bonuses Refer a Friend Bonus
Customer Support 8/5

 

Dukascopy

 

Overall Rating

4.6/5

Rated #17 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FINMA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

18

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

By downloading Dukascopy’s FOREX TRADING COPIER’s software, you’ll get professional and experienced traders who will handle most of your transactions.

In the meantime even if you are a student you can carry on with your studies or any of your meetings in the case of a businessman. And in the back end, all of your dealings will be looked over or dealt with properly by the skilled traders.

 

Pros and Cons

✔️PROS ❌CONS
Good choice for high volume traders

Comprehensive analytical tools

Flexible trading on advanced platforms

Good selection of currency accounts

High commission

Charges withdrawal fees

High minimum deposit

Charges inactivity fee

 

Features

Feature Information
Regulation FINMA
Minimum deposit from $100
Average spread from 0.3 pips
Commissions from ‎$49.5 per $1 million traded
Deposit/Withdrawal Fees Varies depending on the method
Maximum Leverage 1:200
Bonuses 10% Equity Bonus
Customer Support 24/5

 

LiteForex

 

Overall Rating

4.7/5

Rated #197 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

Marshall Islands

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

7

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

With LiteForex you can trade with profit right in the web platform or in the MetaTrader trading terminal and go up in the ranking to attract copying traders.

The more profitable and stable your trading is, the more traders will start copying you, and the higher your income will be. All major currency pairs and cross rates, 20 cryptocurrency pairs, precious metals, oil, shares of corporations, and stock indices are available for trading.

 

Pros and Cons

✔️PROS ❌CONS
Social trading available

MetaTrader 4 and 5 are available

Multilingual customer support

Limited trading instruments

No VPS available

 

Features

Feature Information
Regulation Marshall Islands Business Corporation Act
Minimum deposit from $50
Average spread from 1.9 pips
Commissions from No commissions
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses 100% forex deposit bonus
Customer Support 24/5

 

Darwinex

 

Overall Rating

4.1/5

Rated #287 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

FCA

📱 Trading Desk

Meta Trader 4, Meta Trader 5

Crypto

Yes

📈 Total Pairs

41

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Darwinex was created in 2012 and broke with everything is done before. In this platform you don’t copy traders directly, you buy an asset that represents the trader’s benefit. If the traders generate profit, you too.

The newness that Darwinex introduced is the fact that the traders’ strategies are not shown, but are “hidden” within what is called a Darwin. In essence, the trader’s strategy becomes a real asset that the investor can buy and include in his portfolio.

 

Pros and Cons

✔️PROS ❌CONS
Competitive spreads

Three base currencies are available

You have to sign up either as a trader or an investor

20% performance fee

Complicated account opening process

 

Features

Feature Information
Regulation FCA
Minimum deposit from $500
Average spread from 0.0 pips
Commissions from 3.0 USD per lot round-trip
Deposit/Withdrawal Fees 0.5% for skrill
Maximum Leverage 1:30
Bonuses None
Customer Support 24/5

 

HotForex

 

Overall Rating

4.8/5

Rated #6 out of 66
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

📱 Trading Desk

MT4, MT5

Crypto

No

📈 Total Pairs

50+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Designed to connect traders past their geographical boundaries and level of trading, HFcopy from HotForex is a powerful trading tool that allows traders to join forces and work together as allies to try and master the markets.

You can expand your trading experience by following and interacting with traders whose experience can benefit you.

Simply open an account, discover traders who match your trading style to copy, and receive a return as applicable

 

Pros and Cons

✔️PROS ❌CONS
Award-winning broker Offshore broker
Well regulated
Low minimum deposit

 

Features

Feature Information
Regulation CySEC, DFSA, FCA, FSA, FSCA
Minimum deposit from $5
Average spread from 0,0 pips
Commissions from USD 0.03 per 1K lot.
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses 100% Supercharged Bonus
Customer Support 24/5

 

FXCM

 

Overall Rating

4.6/5

Rated #26 of
Recommended FX Brokers

💰Minimum Deposit

USD 300

🌐 Regulators

FCA, FSCA

📱 Trading Desk

MetaTrader 4, Trading Station

Crypto

Yes

📈 Total Pairs

7

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FXCM provides copy-trading through ZuluTrade, which is one of the largest Social Auto-trading platforms that allows you to follow the trading activity and strategy of a diverse network of traders.

You no longer have to analyze or monitor the markets as ZuluTrade Traders do it for you

 

Pros and Cons

✔️Pros

Excellent educational resources for beginner traders

Low minimum deposit requirement

Advanced research tools

Excellent customer support

❌Cons

No Web Trader option available for trading platforms

Rudimentary mobile trading platform

Limited product portfolio

 

Features

Feature Information
Regulation FCA, ASIC, ACPR, FSP
Minimum deposit from $50
Average spread from 1.3 pips
Commissions from £4 per standard round-turn lot (£2 per side)
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses $20 Welcome Bonus
Customer Support 24/5

 

Pepperstone

 

Overall Rating

4.9/5

Rated #10 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

📱 Trading Desk

MetaTrader 4, MetaTrader 5 and cTrader, TradingView

Crypto

Yes

📈 Total Pairs

1000+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Pepperstone has partnered with a range of social trading platforms to help you access strategies from the world’s best traders.

Myfxbook’s AutoTrade is an account mirroring service that allows you to copy trades from top successful forex trading systems.

You can create your own portfolio without paying any performance or management fees. Better yet, you don’t need to run any software on your end since AutoTrade runs on its own dedicated servers.

 

Pros and Cons

✔️Pros

No minimum deposit

Low trading fees for forex

No added costs for withdrawals or deposits

❌Cons

A limited number of instruments

No additional research tools

 

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from AUD200
Average spread from 0.4 pips
Commissions from ‎$3.76 commission per lot per trade
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

eToro

 

Overall Rating

4.8/5

Rated #20 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

CySec, FCA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

47

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

Overview

eToro makes copy trading simple and accessible for everyone.

All you need to do to start copy trading is to open an account, then use the eToro platform to search for the top social investors. When you’ve spotted a trader you’d like to copy, allocate a portion of your funds for copying him and let the copy trading begin.

 

Pros and Cons

✔️PROS ❌CONS
Well-regulated Limited account base currencies
Advanced trading platforms Withdrawals can be slow
Low minimum deposit

 

Features

Feature Information
Regulation CySEC, FCA, ASIC
Minimum deposit from $50
Average spread from 0.75 pips
Commissions from No commission on stocks and ETFs
Deposit/Withdrawal Fees $5
Maximum Leverage 1:30
Bonuses $50 Welcome Offer And $50 Per Referral
Customer Support 24/5 – multilingual

 

Go Markets

 

Overall Rating

4.9/5

Rated #34 of
Recommended FX Brokers

💰Minimum Deposit

$200

🌐 Regulators

ASIC, CySec, FSC, FSA and SCA

📱 Trading Desk

Hybrid

Crypto

Yes

📈 Total Pairs

600

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

GO Markets has brought Myfxbook’s AutoTrade to its broad selection of trading tools. Myfxbook is a copy trade service used all over the world which mirrors trades from Forex Traders who have enjoyed much success.

Over 90,000 people use Myfxbook to gain an edge in their trading.

 

Pros and Cons

✔️Pros

Low trading fees

Ultra-fast execution

Advanced analytical tools

Low minimum deposit

❌Cons

Limited account options

 

Features

Feature Information
Regulation ASIC
Minimum deposit from $1
Average spread from 1.5 pips
Commissions from None
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses 30% Deposit Bonus
Customer Support 24/5

 

Alpari

 

Overall Rating

4.7/5

Rated #70 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSC 

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Alpari CopyTrade allows you to copy the trading positions of another trader, called the Strategy Manager. The beauty is that you don’t need any advanced knowledge of forex trading to get started.

These Strategy Managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions. Once you decide whom to follow, they do the trading that could lead to potential increases in your capital.

 

Pros and Cons

✔️PROS ❌CONS
Advanced trading platforms Limited independent research tools
Excellent customer support

Caters to a wide range of trading styles and experience levels

 

Features

Feature Information
Regulation Financial Services Commission (FSC)
Minimum deposit from $100
Average spread from 1.2 pips on majors
Commissions from charged at 4 units of the Base currency
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses Cashback Promotion
Customer Support 24/5

 

FP Markets

 

Overall Rating

4.7/5

Rated #23 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, CySEC

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FP Markets has added Autotrade to its wide range of trading tools.  AutoTrade is a service provided through Myfxbook.

It provides traders the opportunity to copy a wide selection of trades from any system into their FP Markets MT4 trading account.

 

Pros and Cons

✔️PROS ❌CONS
Competitive trading fees High stock CFD Fees
Easy account opening

Fast processing for deposits and withdrawals

Limited range of asset classes

 

Features

Feature Information
Regulation Australian ASIC, Cypriot CySEC, SCB
Minimum deposit from $100
Average spread from 0.5 pips
Commissions from  $55 monthly commission for IRESS Trader users only
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses $30 Welcome Bonus
Customer Support 24/5

 

XM

 

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

Overview

The range of cutting-edge trading platforms at XM also includes Mirror Trader.

Based on the idea of social trading and perfectly fit for both demo and real accounts, the Mirror Trader platform allows investors to instantly benefit from the buy and sell signals of professional traders.

They can then mirror them to their own trading accounts, and execute trades manually, semi-automatically, or automatically.

 

Pros and Cons

✔️PROS ❌CONS
Low CFD and withdrawal fees Average forex fees
Great educational tools Inactivity fees

 

Features

Feature Information
Regulation IFSC, ASIC, CySEC, FCA and DFSA
Minimum deposit from $5
Average spread from 0.1 pips
Commissions from $3.5 commission per $100 000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses $30 Trading Bonus
Customer Support 24/5

 

FXTM

 

Overall Rating

4.6/5

Rated #32 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

CySec, FSCA 

📱 Trading Desk

MetaTrader4, Metatrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FXTM Invest is an innovative way you can access the opportunities of trading without any technical skills, and the minimum of time.

You simply choose to copy FXTM traders (also known as Strategy Managers) who are right for you and make their trading strategies available to follow.

Copy-trading with FXTM Invest lets you retain full control of your money, and you’ll only pay a fee to your Strategy Manager when they make a profitable trade.

 

Pros and Cons

✔️PROS ❌CONS
Superb customer service Inactivity and withdrawal fees
High maximum leverage Limited product portfolio
Great educational tools

 

Features

Feature Information
Regulation CySEC, FCA, FSCA
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from No commission
Deposit/Withdrawal Fees $3
Maximum Leverage 1:500 on average
Bonuses $300 Trading Bonus
Customer Support 24/5

 

AvaTrade

 

Overall Rating

4.8/5

Rated #1 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA

📱 Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes