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10 Best Social Trading Platforms

Best Social Trading Platforms

 

The 10 Best Social Trading Platforms – Rated and Reviewed. We have listed the best Forex Brokers with Social Trading Platforms in 2025*.

 

In this in-depth write-up you will learn:

 

  • A List of the 10 Best Social Trading Platforms
  • Pros and Cons of Forex Trading
  • What is a Social Trading Platform?

 

and much, much more!

 

🔍Forex Broker🎁Sign Up Here💵Minimum Deposit⬆️Leverage
🥇Tickmill👉 Click Here$100 USD1:1000
🥈OctaFx👉 Click Here$25 USD1:1000
🥉HFM👉 Click Here$5 USD1:2000
🏅FXCM👉 Click Here$50 USD1:1000
🏆Pepperstone👉 Click Here$0 USD1:400
🎖️eToro👉 Click Here$50 USD1:400
🥇GO Markets👉 Click Here$0 USD1:500
🥈Alpari👉 Click Here$100 USD1:1000
🥉FP Markets👉 Click Here$50 USD1:500
🏆XM👉 Click Here$5 USD1:1000

 

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

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

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.6/5

FSC, CMA

MT4, MT5, FXTM Trader

USD 200

2000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

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

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.5/5

FCA, SCB

MT4, MT5

USD 100

1:500

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 200

2000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 100

1:500

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

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

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

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

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

Yes

9

4.9/5

ASIC, CySEC

MT4

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

9

USD 100

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

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

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

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

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

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

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

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

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

Yes

9

4.7/5

ASIC, FCA, CySEC, SCB

MT4, MT5, TradingView

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

9

USD 100

1:500

9

USD 200

1:500

10

USD 100

500:1

🏆 10 Best Rated Forex Brokers

Broker

Rating

Regulators

Platforms

Min Deposit

Max Leverage

Crypto

Official Site

🥇

4.7/5

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

MT4, MT5, Avatrade Social

USD 100

400:1

Yes

🥈

4.5/5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

MT4, MT5

USD 10

2000:1

Yes

🥉

4.8/5

FSA, CySEC, FSCA, FSC

MT4, MT5

USD 1

3000:1

Yes

4

4.9/5

FSCA, FSC, ASIC, CySEC, DFSA

MT4, MT5

USD 5

1000:1

Yes

5

4.9/5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

MT4, MT5, HFM App, HFM Copy Trading

USD 0

2000:1

Yes

6

4.6/5

CySEC, MISA, FSCA

MT4, MT5, OctaTrader

USD 25

1:1000

Yes

7

4.9/5

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

MT4, MT5, cTrader, Tradingview, Pepperstone Platform

USD 10

400:1

Yes

8

4.7/5

FCA, DFSA, SVG

MT4, MT5, Mobile Trader

USD 20

1:500

Yes

9

4.9/5

ASIC, CySEC

MT4

USD 100

1:500

Yes

10

4.9/5

ASIC, CySEC, FSCA, FSA

MT4, MT5

USD 100

500:1

Yes

🏆 10 Best Rated Forex Brokers

Broker

Min Deposit

Max Leverage

Official Site

🥇

USD 100

400:1

🥈

USD 10

2000:1

🥉

USD 1

3000:1

4

USD 5

1000:1

5

USD 0

2000:1

6

USD 25

1000:1

6

USD 25

1000:1

7

USD 10

400:1

8

USD 20

1:500

9

USD 100

1:500

10

USD 100

500:1

10 Best Social Trading Platforms (2025)

 

  1. ☑️Tickmill – Overall, The Best Social Trading Platforms
  2. ☑️OctaFx – Best Trading Platforms
  3. ☑️HFM – Best Affiliate Programs
  4. ☑️FXCM – Best Mobile Trading Platforms
  5. ☑️Pepperstone – Best MT4 Broker
  6. ☑️eToro – Excellent Loyalty Program
  7. ☑️GO Markets – Highly Regulated Forex Broker
  8. ☑️Alpari – Most Transparent Forex Broker
  9. ☑️FP Markets – Excellent Trading Conditions
  10. ☑️XM – Outstanding

 

 

Tickmill Review

 

1. Tickmill

Tickmill allows all social trading methods, enabling you to trade using MQL signals, AutoTrade, and even become a Multi-Account Manager.

 

🔍Broker🥇Tickmill
🔢Year Founded2014
👤Amount of Staff100+
👥Amount of Active Traders100,000+
📌Publicly Traded None
📉RegulationCySEC
FCA
FSA
FSCA
Labuan FSA
🌎Country of RegulationUK
Cyprus
Seychelles
🗂️Account Segregation✅Yes
📍Negative Balance Protection✅Yes
🌟Investor Protection Schemes✅Yes(up to
€50,000 under
FCA
regulation)
➡️Institutional Accounts✅Yes
🫴🏻Managed Accounts✅Yes
(PAMM accounts
available)
💵Minor Account CurrenciesUSD
EUR
GBP
JPY
AUD
CAD
💴Minimum Deposit$100
⏱️Average Deposit/Withdrawal Processing Time1 - 3 business days
💷Fund Withdrawal FeeNone, but
third-party
fees may
apply
✏️Spreads 0.0 pips
💶CommissionsFrom $2
per lot
(round turn)
5️⃣Number of Base Currencies Supported5
💴Swap Fees✅Yes
⬆️LeverageUp to 1:500
📉Margin RequirementsVaries by instrument
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time< 1 ms
🖥️VPS Hosting✅Yes
(free for
eligible
accounts)
✏️CFDs - Total Offered300+
📊CFD Stock Indices15+
📈CFD Commodities20+
🖋️CFD Shares100+
💳Deposit OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
💶Withdrawal OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
👉Trading PlatformsMetaTrader 4
MetaTrader 5
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAutochartist
Trading Central
VPS
🌟Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@tickmill.com
☎️Customer Support Contact Number+44 20 8089 0375
📱Social Media PlatformsFacebook
Twitter
LinkedIn
⚙️Languages Supported on WebsiteMultiple languages,
including
English,
Chinese,
Spanish
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
Video Tutorials
Market Analysis
🤝Affiliate Program✅Yes
👍Amount of PartnersNot publicly disclosed
🫶IB Program✅Yes
🎁Sponsorships✅Yes
(various
sporting events
and teams)
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 100 

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Low Trading CostsLimited Product Range
Negative Balance
Protection
No VPS Hosting

 

Frequently Asked Questions

 

Does Tickmill offer a demo account?

Yes, Tickmill provides a free demo account with virtual funds, allowing traders to practice their strategies without risking real money.

 

What is the minimum deposit for Tickmill?

The minimum deposit for a Pro or Classic account is $100.

 

Does Tickmill charge commission fees?

Tickmill charges low commission fees on its Pro and VIP accounts. There are no commissions for the Classic account; however, spreads are slightly higher.

 

Does Tickmill offer negative balance protection?

Yes, Tickmill offers negative balance protection to ensure that clients cannot lose more than their account balance.

 

Overall Rating

Min Deposit

USD 100 

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

Tickmill is a well-regulated and reputable forex and CFD broker, offering competitive trading conditions such as low spreads, fast execution speeds, and various account types tailored to different traders, including Islamic accounts.

 

Octa Review

 

2. Octa

Copy-trading with Octa’s app allows you to get huge profits without effort by making investment decisions in the palm of your hand.

The Octa Copytrading app lets you conveniently invest almost any amount for any term—you can withdraw your profit at any time. All setups are simple and intuitive: you can easily manage your investment, even while dining in a restaurant or riding on a train.

 

🔍Broker🥇OctaFX
🔢Year Founded2011
👤Amount of Staff300+
👥Amount of Active TradersOver 1.5 million
📌Publicly Traded None
📈RegulationUnregulated
🌎Country of RegulationN/A
🗂️Account Segregation✅Yes
❌Negative Balance Protection✅Yes
💙Investor Protection SchemesNone
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesEUR
USD
💵Minimum Deposit$25
⏰Average Deposit/Withdrawal Processing TimeWithin 1-3 hours
💳Fund Withdrawal FeeNo fees
✏️Spreads from0.6 pips
💶CommissionsZero commissions
2️⃣Number of Base Currencies Supported2 (USD, EUR)
💷Swap Fees✅Yes
⬆️LeverageUp to 1:500
📉Margin RequirementsVaries by
account type
and leverage
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution Time0.1 seconds
🖥️VPS Hosting✅Yes (free
upon
meeting
conditions)
➡️CFDs-Total Offered200+
📈CFD Stock Indices✅Yes
👉CFD Commodities✅Yes
📊CFD Shares✅Yes
💴Deposit OptionsBank Transfer
Credit/Debit Card
E-Wallets
Crypto
💳Withdrawal OptionsBank Transfer
Credit/Debit Card
E-Wallets
Crypto
📊Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
OctaFX WebTrader
🍎OS CompatibilityWindows
MacOS
Android
iOS
🔩Forex Trading ToolsEconomic Calendar
Trading Calculators
CopyTrading
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@octafx.com
☎️Customer Support Contact NumberNot publicly listed
📱Social Media PlatformsFacebook
Twitter
Instagram
YouTube
⚙️Languages Supported on WebsiteEnglish
Spanish
Portuguese
Indonesian
Hindi
Urdu
Chinese, and more
🎓Education and Research✅Yes
✏️Forex Course✅Yes
🖥️Webinars✅Yes
📖Educational ResourcesArticles
Video Tutorials
Market Analysis
🤝Affiliate Program✅Yes
👤Amount of PartnersNot disclosed
🫰🏻IB Program✅Yes
🎁Sponsorships✅Yes,
sponsored
motorsports
and esports
events
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA, FSC

Trading Platform

MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Ultra-fast executionNo VPS available
Well-regulatedNo Forex educational
tools

 

Frequently Asked Questions

 

What are the customer support options at Octa?

Octa offers customer support via live chat, email, and phone.

 

Does Octa support social or copy trading?

Yes, Octa supports copy trading through its proprietary platform, allowing users to copy the trades of successful traders.

 

Does Octa charge deposit or withdrawal fees?

No, Octa does not charge any fees for deposits or withdrawals. However, third-party charges from banks or payment processors may apply.

 

What is the minimum withdrawal amount for Octa?

The minimum withdrawal amount varies depending on the payment method. For bank transfers, the minimum is typically $25, while for e-wallets, it can be as low as $5.

 

Overall Rating

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA, FSC

Trading Platform

MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

Our Verdict

Octa is a well-suited broker for both beginner and intermediate traders, offering user-friendly platforms like MetaTrader 4, MetaTrader 5, and cTrader. With competitive trading conditions, including low minimum deposits, no commission fees on most accounts, and high leverage, it appeals to cost-conscious traders.

 

HFM Review

 

3. HFM

The HFcopy platform from HFM is a great tool that allows traders to join forces with each other to try and master the markets.

Individuals can create trading strategies and earn a Performance Fee by taking up the role of a Strategy Provider or copy trades as a Follower without needing to actually trade or to closely follow the market ups and downs.

 

🔍Broker🥇HFM
🔢Year Founded2010
👤Amount of Staff200+
👥Amount of Active Traders2.5 million+
📌Publicly Traded None
📈RegulationFSCA
DFSA
FSA
FCA
FSC
CMA
🌎Country of RegulationUK
South Africa
UAE
Seychelles
🗂️Account Segregation✅Yes
➡️Negative Balance Protection✅Yes
📌Investor Protection Schemes✅Yes
🎉Institutional Accounts✅Yes
👤Managed Accounts✅Yes
(PAMM/MAM
accounts)
💵Minor Account CurrenciesUSD
EUR
GBP
JPY
AUD
ZAR
💶Minimum Deposit0 USD
⏱️Average Deposit/Withdrawal Processing Time1 - 3 business days
💴Fund Withdrawal FeeNone,
but third-party
fees
may apply
✏️Spreads 0.0 pips
💷CommissionsFrom $6 per
lot
(round turn)
🔢Number of Base Currencies Supported12
💵Swap Fees✅Yes
⬆️LeverageUp to 1:1000
📉Margin RequirementsVaries by instrument
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time< 30ms
🖥️VPS Hosting✅Yes
📈CFDs - Total Offered1,200+
📊CFD Stock Indices20+
✏️CFD Commodities20+
👉CFD Shares950+
💳Deposit OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
Local Payment Methods
💴Withdrawal OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
Local Payment Methods
📊Trading PlatformsMetaTrader 4
MetaTrader 5
HF App
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAutochartist
Trading Central
VPS
HFcopy
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@hfm.com
☎️Customer Support Contact Number+44 203 097 5796
📱Social Media PlatformsFacebook
Twitter
Instagram
LinkedIn
YouTube
⚙️Languages Supported on WebsiteMultiple
languages,
including English,
Chinese, Spanish,
Arabic
🎓Education and Research✅Yes
✏️Forex Course✅Yes
🖥️Webinars✅Yes
📖Educational ResourcesArticles
Video Tutorials
eBooks
Market Analysis
🤝Affiliate Program✅Yes
🫶IB Program✅Yes
🎁Sponsorships✅Yes
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 0 

Regulators

FSCA, DFSA, FCA, CMA, FSA

Trading Platform

MT4, MT5, HFM APP

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Low minimum depositHigh inactivity fees
Leverage up to 1:2000VPS hosting costs extra

 

Frequently Asked Questions

 

What is the minimum deposit to start trading with HFM?

The minimum deposit to open an account with HFM is $5 for a Micro Account.

 

Does HFM offer a demo account?

Yes, HFM provides a free demo account with virtual funds for traders to practice and test their strategies in a risk-free environment.

 

Does HFM offer negative balance protection?

Yes, HFM offers negative balance protection, ensuring that clients cannot lose more money than they have deposited into their accounts.

 

Does HFM support social trading?

Yes, HFM supports social trading through platforms like HFCopy and Myfxbook, allowing traders to copy the strategies of experienced traders.

 

Overall Rating

Min Deposit

USD 0 

Regulators

FSCA, DFSA, FCA, CMA, FSA

Trading Platform

MT4, MT5, HFM APP

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

With its negative balance protection, robust regulatory oversight, and strong educational resources, HFM provides a safe and supportive environment for trading. HFM is a solid choice for those looking for a versatile trading platform with comprehensive tools and services.

 

FXCM Review

 

4. FXCM

FXCM allows social trading through the ZuluTrade platform. A pioneer in the arena of “social trading,” ZuluTrade presents individuals with a method of consulting and copying the trades of other traders in real time.

ZuluTrade is an attractive alternative for individuals who are just starting or those who simply do not have the time to fully engage the forex.

 

🔍Broke🥇FXCM
🔢Year Founded1999
👤Amount of StaffOver 600
👥Amount of Active TradersOver 130,000
worldwide
📌Publicly Traded None
📉RegulationFCA,
ASIC,
FSCA,
CySEC
🌎Country of RegulationUnited Kingdom,
Australia,
South Africa,
among
others
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes (only for
retail clients
under FCA
and ASIC
regulation)
💙Investor Protection SchemesFSCS (UK)
➡️Institutional Accounts✅Yes
🫴🏻Managed Accounts✅Yes (through
FXCM Prime)
💴Minor Account CurrenciesEUR,
GBP,
AUD,
JPY,
CAD,
CHF
💵Minimum Deposit$50 for
most account
types
⏰Average Deposit/Withdrawal Time1-3 business days
💳Fund Withdrawal FeeVaries by method
✏️Spreads From1.3 pips (EUR/USD)
💷Commissions✅Yes,
depending on
the account
type
5️⃣Number of Base Currencies Supported5
💸Swap Fees✅Yes
⬆️LeverageUp to 1:400
(depending on
the region)
📈Margin RequirementsVaries by asset
class and
region
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeLess than 1 second
🖥️VPS Hosting✅Yes, for
eligible clients
👉CFDs - Total OfferedOver 300
📈CFD Stock Indices✅Yes
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💶Deposit OptionsCredit/Debit cards,
Bank Transfer,
Skrill,
Neteller,
UnionPay, etc.
💳Withdrawal OptionsBank Transfer,
Credit/Debit cards,
Skrill,
Neteller, etc.
📊Trading PlatformsTrading Station,
MetaTrader 4 (MT4),
NinjaTrader,
ZuluTrade
🍎OS CompatibilityWindows,
Mac,
iOS,
Android
🪛Forex Trading ToolsTrading signals,
market analysis,
research tools,
automated
trading options
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addressinfo@fxcm.com
☎️Customer Support Contact NumberVaries by region
📱Social Media PlatformsFacebook,
Twitter,
LinkedIn,
YouTube
⚙️Languages Supported on WebsiteEnglish,
French,
German,
Italian,
Chinese,
Japanese,
Arabic,
Spanish,
and more
🎓Education ans Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles,
videos,
tutorials,
webinars,
trading guides
🤝Affiliate Program✅Yes
👥Amount of PartnersNot specified
🫰🏻IB Program✅Yes
🎁SponsorshipsNo notable
sponsorships
currently
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 50

Regulators

FCA, ASIC, FSCA, CySEC

Trading Platform

MT4

Crypto

Yes

Total Pairs

42

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Low minimum depositLimited product portfolio
Advanced research toolsNo Web Trader
option available
for trading
platforms

 

Frequently Asked Questions

 

Does FXCM offer a demo account?

Yes, FXCM offers a free demo account where traders can practice with virtual funds and familiarize themselves with the platform before trading real money.

 

What is the minimum deposit to open an FXCM account?

The minimum deposit to open a standard trading account with FXCM is $50.

 

Does FXCM offer negative balance protection?

Yes, FXCM offers negative balance protection, ensuring that clients do not lose more than the funds available in their accounts.

 

Does FXCM support social trading?

Yes, FXCM supports social trading through ZuluTrade, where traders can copy the strategies of experienced traders automatically.

 

Overall Rating

Min Deposit

USD 50

Regulators

FCA, ASIC, FSCA, CySEC

Trading Platform

MT4

Crypto

Yes

Total Pairs

42

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

FXCM is a well-established and regulated broker that offers a wide range of trading instruments, platforms, and services suitable for both beginners and experienced traders. Its support for social trading through ZuluTrade and flexible leverage make it attractive to different types of traders.

 

Pepperstone

 

5. Pepperstone

Pepperstone has partnered with numerous social trading platforms for forex and CFD traders who wish to follow and copy trades made by others. These include MetaTrader 4 Signals, Copy Trading by Pepperstone, DupliTrade, and Signal Start.

 

🔍Broker🥇Pepperstone
🔢Year Founded2010
👤Amount of StaffApproximately 200+
👥Amount of Active TradersOver 300,000
📌Publicly Traded None
📉RegulationASIC
BaFin,
CMA,
CySEC,
DFSA,
FCA,
SCB
🌎Country of RegulationAustralia
UK
UAE
Germany
Bahamas
Cyprus
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes,
under FCA
and CySEC
regulations
➡️Institutional Accounts✅Yes
🫴🏻Managed AccountsNone
💴Minor Account Currencies✅Yes,
supports
multiple
currencies
💵Minimum Deposit$200
⏰Average Deposit/Withdrawal Processing Time1-3 business days
💳Fund Withdrawal FeeNone
✏️Spreads From0.0 pips
(Razor Account)
1.0 pips
(Standard
Account)
💷Commissions$7 per
round turn
(Razor Account)
🔟Number of Base Currencies Supported10+
(including USD
EUR
GBP
AUD
JPY
CHF
CAD,
and more)
💸Swap Fees✅Yes
⬆️LeverageUp to 30:1
(Retail clients
in UK/EU)
up to 500:1
(Professional
clients and
other
regions)
📈Margin RequirementsVaries by
asset and
leverage level
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution Time~30ms
🖥️VPS Hosting✅Yes,
free VPS
for clients
who meet
specific
trading volume
requirements
👉CFDs-Total OfferedOver 1,200
📈CFD Stock Indices23
📉CFD Commodities15
📊CFD SharesOver 900
💷Deposit OptionsBank transfer
credit/debit cards
PayPal
Neteller
Skrill
POLi
BPay
UnionPay
and more
💳Withdrawal OptionsBank transfer
credit/debit cards
PayPal
Neteller
Skrill
POLi
BPay
UnionPay,
and more
📊Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsSmart Trader
Tools
Autochartist
API trading
cTrader
Automate
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes, 24/5
💻Customer Support Email Addresssupport@pepperstone.com
☎️Customer Support Contact NumberVaries by
region
(e.g.,
+44 (800) 0465473
for the UK)
📱Social Media PlatformsFacebook
Twitter
LinkedIn
Instagram
⚙️Languages Supported on FBS WebsiteEnglish
Chinese
Arabic
German
Spanish
French
Portuguese
Italian
Thai
Vietnamese
and more
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
eBooks
video tutorials
webinars
trading guides
🤝Affiliate Program✅Yes
👥Amount of PartnersNot publicly disclosed
🫰🏻IB Program✅Yes
🎁SponsorshipsNone
🎀Rebate Program✅Yes, under
the
IB program
💰Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 10

Regulators

ASIC, FCA, CySEC, DFSA

Trading Platform

MT4, MT5, cTrader, TradingView, Pepperstone Platform

Crypto

Yes

Total Pairs

1000+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
No minimum depositA limited number
of instruments
Low trading fees
for forex
No additional
research tools

 

Frequently Asked Questions

 

Does Pepperstone offer a demo account?

Yes, Pepperstone provides a free demo account that allows traders to practice trading with virtual funds and get familiar with the trading platform before committing to real money.

 

Does Pepperstone offer negative balance protection?

Yes, Pepperstone provides negative balance protection to ensure that clients do not lose more than the amount they have in their trading accounts.

 

Does Pepperstone support social trading?

Yes, Pepperstone supports social trading through platforms like Myfxbook and ZuluTrade, allowing traders to copy the strategies of successful traders.

 

Does Pepperstone charge commissions on trades?

Pepperstone’s Razor Account charges commissions, while the Standard Account typically operates on a spread-only basis. Commission rates may vary, so it’s best to check the current terms.

 

Overall Rating

Min Deposit

USD 10

Regulators

ASIC, FCA, CySEC, DFSA

Trading Platform

MT4, MT5, cTrader, TradingView, Pepperstone Platform

Crypto

Yes

Total Pairs

1000+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

The availability of multiple trading platforms, including MetaTrader and cTrader, along with a demo account for practice, makes it accessible for new traders to familiarize themselves with the markets. Pepperstone’s low spreads, flexible leverage options, and diverse array of trading instruments enhance its appeal.

 

eToro Review

 

6. eToro

eToro also offers the widest diversity of instruments for you to trade on compared to other social trading platforms. In addition to the usual currencies and commodities, you can also trade major indices, stocks, ETFs, and cryptos. The benefit of this is the potential diversification of your portfolio.

 

🔍Broker🥇eToro
🔢Year Founded2007
👤Amount of Staff1,000+
👥Amount of Active Traders30+ million
📌Publicly Traded None
📉RegulationCySec (Cyprus)
FCA (UK).
🌎Country of RegulationUK
Cyprus
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes
(for European
clients under
CySEC
regulation)
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesUSD
EUR
GBP
AUD
💵Minimum Deposit$10
(varies by
region and
payment
method)
⏰Average Deposit/Withdrawal Processing TimeInstant for
deposits;
1-8 business
days for
withdrawals
💳Fund Withdrawal Fee$5
✏️Spreads from1 pip
💶CommissionsZero commission
for stocks,
spreads on
CFDs
9️⃣Number of Base Currencies Supported9
USD
EUR
GBP
AUD
CAD
JPY
CHF
NZD
and more
💷Swap Fees✅Yes
(overnight fees)
⬆️LeverageUp to 1:30
(varies by
instrument
and region)
📉Margin RequirementsDepends on asset class
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeMarket execution
🖥️VPS HostingNone
👉CFDs-Total Offered2,000+
📈CFD Stock Indices✅Yes
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💶Deposit OptionsBank transfer
Credit/debit card
PayPal
Neteller
Skrill, and more
💳Withdrawal OptionsBank transfer
Credit/debit card
PayPal
Neteller
Skrill, and more
📊Trading PlatformsProprietary eToro
Platform
(Web and
Mobile)
🍎OS CompatibilityWindows
Mac
iOS
Android
🔩Forex Trading ToolsCopyTrader
ProCharts
Trading Signals
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email AddressOnline contact form
☎️Customer Support Contact NumberN/A
📱Social Media PlatformsFacebook
Twitter
LinkedIn
YouTube
⚙️Languages Supported on eToro Website20+ languages
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesBlogs
Tutorials
Guides
Videos
🤝Affiliate Program✅Yes
👥Amount of PartnersN/A
🫰🏻IB ProgramNone
🎁Sponsorships✅Yes,
various sports
and events
🎀Rebate ProgramNone
💰Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN

Trading Platform

No Trading Desk

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

* 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.

 

Pros and Cons

✅Pros❌Cons
Low minimum depositLimited account
base currencies
Advanced trading
platforms
Withdrawals can be slow

 

Frequently Asked Questions

 

Does eToro provide negative balance protection?

Yes, eToro offers negative balance protection, ensuring that users cannot lose more than the total amount they have invested in their accounts.

 

Does eToro offer educational resources?

Yes, eToro provides a variety of educational resources, including webinars, video tutorials, and articles to help users improve their trading skills and knowledge.

 

Is eToro suitable for beginners?

Yes, eToro is considered beginner-friendly due to its intuitive interface, educational resources, and the ability to copy successful traders, making it accessible for those new to trading.

 

What are the fees associated with eToro?

eToro does not charge commissions on stock and ETF trades, but it does charge spreads on other assets like forex and cryptocurrencies. Additionally, there may be fees for withdrawals and inactivity.

 

Overall Rating

Min Deposit

USD 0

Regulators

FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN

Trading Platform

No Trading Desk

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

* 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.

 

Our Verdict

eToro stands out as a unique trading platform that combines traditional trading with social features, making it an appealing choice for both beginners and experienced traders. Its user-friendly interface, extensive educational resources, and the innovative CopyTrader feature allow users to engage with the trading community and learn from successful investors.

 

Go Markets Review

 

7. GO Markets

GO Markets is one of Australia’s original Meta Trader 4 Forex brokers. In Investment Trends December 2019 Australia Leverage Trading Report, GO Markets was rated No.1 for customer service.

With GO Markets you can trade more than 350 products including Forex, Share CFDs, Commodities, Indices, and Metals with GO Markets MetaTrader 4 & 5 trading platforms.

 

🔍Broker🥇GO Markets
🔢Year Founded2006
👤Amount of StaffN/A
👥Amount of Active TradersN/A
📌Publicly Traded None
📈RegulationFSC
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes (depends
on region)
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account Currencies✅Yes (AUD,
USD, EUR,
GBP)
💵Minimum Deposit$200
⏰Average Deposit/Withdrawal Processing Time1–3 business days
💳Fund Withdrawal FeeNone (some
methods may
apply fees)
✏️Spreads From0.0 pips
💷Commissions✅Yes
(commissions on
raw accounts)
4️⃣Number of Base Currencies Supported4 (AUD, USD,
EUR, GBP)
💸Swap Fees✅Yes (on
non-Islamic
accounts)
⬆️LeverageUp to 1:500
📉Margin RequirementsDepends on
account type
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeLess than 1 second
🖥️VPS Hosting✅Yes
🫴🏻CFDs - Total Offered250+
📈CFD Stock Indices10+
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💶Deposit OptionsBank Transfer,
Credit/Debit Cards,
Skrill, Neteller
💳Withdrawal OptionsBank Transfer,
Credit/Debit Cards,
Skrill, Neteller
📊Trading PlatformsMetaTrader 4,
MetaTrader 5
🍎OS CompatibilityWindows,
Mac,
iOS,
Android
🪛Forex Trading ToolsTrading signals,
Autochartist
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport.mu@gomarkets.com
☎️Customer Support Contact Number+61 3 8566 7680
📱Social Media PlatformsFacebook,
Twitter,
LinkedIn
⚙️Languages Supported on WebsiteEnglish
🎓Education and Research✅Yes
✏️Forex Course✅Yes
🖥️Webinars✅Yes
📖Educational Resources✅Yes (articles,
videos, e-books)
🤝Affiliate Program✅Yes
👥Amount of PartnersN/A
🫰🏻IB Program✅Yes
🎁SponsorshipsNone
🎀Rebate Program✅Yes
💰Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 200

Regulators

FSC

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

50

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Low trading feesLimited account options

 

Frequently Asked Questions

 

Does GO Markets offer a demo account?

Yes, GO Markets offers a free demo account that allows traders to practice their strategies and familiarize themselves with the trading platform using virtual funds.

 

What types of accounts does GO Markets offer?

GO Markets provides various account types, including Standard Accounts, Raw Spread Accounts, and a demo account for practice.

 

Does GO Markets offer negative balance protection?

Yes, GO Markets provides negative balance protection, ensuring that clients cannot lose more than the amount they have deposited into their trading accounts.

 

Does GO Markets support automated trading?

Yes, GO Markets supports automated trading through the use of Expert Advisors (EAs) on the MetaTrader platform, allowing traders to implement automated strategies.

 

Overall Rating

Min Deposit

USD 200

Regulators

FSC

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

50

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

GO Markets also stands out with its educational resources, helping traders improve their skills and make informed decisions. Additionally, features like negative balance protection and various payment methods contribute to a user-friendly environment.

 

Alpari Review

 

8. Alpari

Alpari International offers a variety of trading accounts that offer unique advantages to both beginner and advanced traders, as well as those interested in social trading.

Alpari International offers a wide range of services suitable for both beginner and advanced traders.

 

🔍Broker🥇Alari
🔢Year Founded1998
👤Amount of StaffOver 300
👥Amount of Active Traders2 million+
📌Publicly Traded None
📉RegulationFinancial Services
Commission
(FSC)
Mauritius
🌎Country of RegulationMauritius
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection SchemesNone
➡️Institutional AccountsNone
🫴🏻Managed Accounts✅Yes
💴Minor Account CurrenciesUSD
EUR
GBP
NGN
💵Minimum Deposit$1 (Nano
account),
$20
(Standard
account)
⏰Average Deposit/Withdrawal Processing TimeInstant to
24 hours
(depending
on method)
💳Fund Withdrawal FeeDepends on
the
withdrawal
method
✏️Spreads from0.4 pips
(ECN Account)
💷Commissions✅Yes
(for ECN
accounts)
4️⃣Number of Base Currencies Supported4 (USD,
EUR,
GBP,
NGN)
💸Swap Fees✅Yes
⬆️LeverageUp to 1:1000
📈Margin RequirementsVaries by
account type
and
instrument
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution Time0.03 seconds
(average)
🖥️VPS HostingAvailable for
ECN and Pro
accounts
👉CFDs - Total Offered250+
📈CFD Stock Indices16
📉CFD Commodities5
📊CFD Shares50+
💶Deposit OptionsBank transfer,
credit/debit cards,
e-wallets
(Neteller,
Skrill, etc.)
💳Withdrawal OptionsBank transfer,
credit/debit cards,
e-wallets
(Neteller,
Skrill, etc.)
📊Trading PlatformsMetaTrader 4 (MT4),
MetaTrader 5 (MT5)
🍎OS CompatibilityWindows,
macOS,
iOS,
Android
🪛Forex Trading ToolsTrading signals,
Autochartist,
market analysis,
economic
calendar
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresscustomersupport@alpari.org
☎️Customer Support Contact Number+442 080 896 850
📱Social Media PlatformsFacebook,
Twitter,
LinkedIn,
YouTube
⚙️Languages Supported on WebsiteEnglish,
Russian,
Spanish,
Portuguese,
Chinese,
and more
🎓Education and Research✅Yes
✏️Forex Course✅Yes
(various
online
courses)
💻Webinars✅Yes
📖Educational ResourcesArticles,
tutorials,
eBooks,
video lessons
🤝Affiliate Program✅Yes
👥Amount of PartnersOver 400
partners
worldwide
🫰🏻IB Program✅Yes
🎁Sponsorships✅Yes
(various
educational
and financial
events)
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes (Nano
account)
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 100 

Regulators

FSC

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Advanced trading
platforms
Limited independent
research tools

 

Frequently Asked Questions

 

Does Alpari offer a demo account?

Yes, Alpari offers a free demo account that allows traders to practice their trading strategies and familiarize themselves with the trading platforms without risking real money.

 

Does Alpari offer negative balance protection?

Yes, Alpari offers negative balance protection, ensuring that clients do not lose more than their account balance during trading.

 

Does Alpari provide educational resources?

Yes, Alpari offers a variety of educational resources, including webinars, articles, video tutorials, and market analysis to help traders improve their skills and knowledge.

 

Can I trade on mobile with Alpari?

Yes, Alpari offers mobile trading applications for both iOS and Android, allowing traders to manage their accounts and execute trades on the go.

 

Overall Rating

Min Deposit

USD 100 

Regulators

FSC

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

With its solid regulatory framework, multiple account types, and access to popular trading platforms like MetaTrader 4 and MetaTrader 5, Alpari provides a flexible and secure trading environment.

 

fpmarkets Review

 

9. FP Markets

FP Markets offers superior features, charting capabilities, signals, plus automated and copy trading functions. Traders also enjoy an improved strategy tester for greater precision with trading robots.

 

🔍Broker🥇FP Markets
🔢Year Founded2005
👥Amount of StaffOver 200
👤Amount of Active Traders60,000+
📍Publicly Traded None
📈RegulationASIC (Australia)
CySEC (Cyprus)
FSCA (South Africa)
🌎Country of RegulationAustralia
Cyprus
South Africa
🗂️Account Segregation✅Yes
📌Negative Balance Protection✅Yes
🚩Investor Protection Schemes✅Yes (CySEC)
🖋️Account Types and FeaturesStandard
Raw ECN
VIP accounts
available
🎉Institutional Accounts✅Yes
👤Managed AccountsNone
💵Minor Account CurrenciesEUR
USD
GBP
AUD
CAD
CHF
JPY
NZD
SGD
HKD
💴Minimum Deposit$100
⏱️Average Deposit/Withdrawal Processing TimeInstant - 1 business day
💸Fund Withdrawal FeeNone
✏️Spreads 0.0 pips
💷CommissionsFrom $3
per side
(Raw account)
🔢Number of Base Currencies Supported10
💶Swap Fees✅Yes
⬆️LeverageUp to 1:500
📉Margin RequirementsVaries by
instrument
and account
type
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time< 40ms
➡️VPS Hosting✅Yes
(for eligible
accounts)
🫴🏻CFDs - Total Offered10,000+
📊CFD Stock Indices23+
💡CFD Commodities12+
👉CFD Shares2,000+
💳Deposit OptionsBank transfer
Credit/Debit card
PayPal
Neteller
Skrill
Fasapay
and more
💳Withdrawal OptionsBank transfer
Credit/Debit card
PayPal
Neteller
Skrill
Fasapay
and more
🛎️Trading PlatformsMetaTrader 4
MetaTrader 5
IRESS,WebTrader
Mobile Apps
💻OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAutochartist
VPS
Trading Central
Myfxbook
🤝Customer Support✅Yes
🗣️Live Chat Availability✅Yes
🖥️Customer Support Email Addresssupport@fpmarkets.com
☎️Customer Support Contact Number+61 2 8252 6800
📱Social Media PlatformsFacebook
Twitter
LinkedIn
Instagram
YouTube
⚙️Languages Supported on Website10+ including
English
Spanish
Chinese
Arabic
📖Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
🎓Educational Resources✅Yes
(articles,
videos, eBooks,
market
analysis)
🤝Affiliate Program✅Yes
👥Amount of PartnersThousands worldwide
👍IB Program✅Yes
🎁Sponsorships✅Yes,
involved in
sports
sponsorships
💴Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
(Micro Accounts)
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

AUD 100 

Regulators

ASIC, CySEC, FSCA, FSA, FSC, CMA

Trading Platform

MT4, MT5, Iress, WebTrader, cTrader, TradingView, Mobile App

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Competitive trading feesHigh stock CFD Fees
Fast processing for
deposits and
withdrawals
Limited range of
asset classes

 

Frequently Asked Questions

 

Can I trade on mobile with FP Markets?

Yes, FP Markets offers mobile trading applications for both iOS and Android, enabling traders to manage their accounts and execute trades on the go.

 

Does FP Markets support automated trading?

Yes, FP Markets supports automated trading through Expert Advisors (EAs) on the MetaTrader platform, allowing traders to implement automated trading strategies.

 

Does FP Markets provide educational resources?

Yes, FP Markets offers various educational resources, including webinars, articles, video tutorials, and market analysis to help traders enhance their skills and knowledge.

 

Does FP Markets offer negative balance protection?

Yes, FP Markets offers negative balance protection, ensuring that clients cannot lose more than the funds available in their trading accounts.

 

Overall Rating

Min Deposit

AUD 100 

Regulators

ASIC, CySEC, FSCA, FSA, FSC, CMA

Trading Platform

MT4, MT5, Iress, WebTrader, cTrader, TradingView, Mobile App

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

With options like MetaTrader 4, MetaTrader 5, and Iress, traders can choose the platform that best suits their needs. FP Markets caters to both beginners and experienced traders, offering a free demo account and comprehensive educational resources to help users improve their trading skills.

 

XM Review

 

10. XM

XM offers a social trading service. The Mirror Trader platform allows investors to mirror professional traders on their trading accounts and execute trades manually, semi-automatically, or automatically.

 

🔍Broker🥇XM
🔢Year Founded2009
👤Amount of Staff600+
👥Amount of Active Traders5,000,000+
📌Publicly Traded None
📈RegulationCySEC (Cyprus)
ASIC (Australia)
IFSC (Belize)
FCA (UK)
🌎Country of RegulationCyprus
Australia
Belize
UK
🗂️Account Segregation✅Yes
➡️Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes,
up to
€20,000
under CySEC
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesUSD
EUR
GBP
JPY
CHF
AUD
HUF
PLN
💵Minimum Deposit$5
⏰Average Deposit/Withdrawal Processing TimeWithin 24 hours
💷Fund Withdrawal FeeNone, but
third-party
fees may
apply
✏️Spreads 0.6 pips
💶CommissionsZero on
Standard and
Micro accounts
commission
on Zero
accounts
🔢Number of Base Currencies Supported11
💸Swap Fees✅Yes
⬆️LeverageUp to 1:1000
📉Margin RequirementsVaries by
instrument and
account type
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution Time< 1 second
🖥️VPS Hosting✅Yes
(free for
eligible accounts)
📍CFDs - Total Offered1,000+
📈CFD Stock Indices30+
➡️CFD Commodities15+
📊CFD Shares1,200+
💳Deposit OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
💴Withdrawal OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
💡Trading PlatformsMetaTrader 4
MetaTrader 5
XM WebTrader
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAutochartist
Trading Signals
VPS
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@xm.com
☎️Customer Support Contact Number+357 25029933
📱Social Media PlatformsFacebook
Twitter
LinkedIn
Instagram
YouTube
⚙️Languages Supported on Website30+ languages
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
Video Tutorials
Market Analysis
🤝Affiliate Program✅Yes
👥Amount of PartnersNot publicly disclosed
🫶IB Program✅Yes
🎁Sponsorships✅Yes
(various events
and teams)
🫰🏻Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
(Micro accounts
available)
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC

Trading Platform

MT4, MT5, XM App

Total Pairs

55

Islamic Account

Yes

Trading Fees

No hidden fees

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Low CFD and
withdrawal fees
Average forex fees
Great educational toolsInactivity fees

 

Frequently Asked Questions

 

Does XM offer a demo account?

Yes, XM provides a free demo account that allows traders to practice their trading strategies and familiarize themselves with the platform using virtual funds.

 

What is the minimum deposit required to open an account with XM?

The minimum deposit required to open a Micro or Standard Account is $5, while the XM Zero Account typically requires a minimum deposit of $100.

 

Does XM offer negative balance protection?

Yes, XM provides negative balance protection, ensuring that clients do not lose more than their deposited funds.

 

What are the spreads like at XM?

XM offers competitive spreads that vary depending on the account type. For example, spreads can be as low as 0.0 pips on the XM Zero Account, while Micro and Standard Accounts generally have slightly higher spreads.

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC

Trading Platform

MT4, MT5, XM App

Total Pairs

55

Islamic Account

Yes

Trading Fees

No hidden fees

Account Activation

24 Hours

 

Our Verdict

XM is a reputable forex and CFD broker that caters to both novice and experienced traders with its wide range of account types, competitive trading conditions, and robust educational resources. XM stands out as a reliable choice for traders seeking diverse instruments, strong regulatory oversight, and comprehensive support to help them succeed in their trading journey.

 

What is a Social Trading Platform?

 

What is a Social Trading Platform?

A social trading platform is an online trading environment that allows traders to observe and replicate the trading strategies of more experienced investors. These platforms leverage social networks to facilitate the sharing of trading ideas, strategies, and performance data among users. Here are some key features and benefits of social trading platforms:

 

  • Users can automatically copy successful traders’ real-time trades in proportion to their investments
  • Platforms feature forums, chats, and feeds for sharing insights and strategies.
  • Users can see statistics of potential traders, including returns and risk levels.
  • Traders can select from various strategies, from conservative to aggressive, for a tailored experience.
  • Many platforms offer materials and webinars to enhance trading skills.

 

In summary, social trading platforms provide a unique blend of trading and social networking, making it easier for individuals to participate in the financial markets, learn from others, and potentially enhance their trading performance.

 

10 Best Social Trading Platforms

 

Pros and Cons

✅Pros❌Cons
Learning OpportunitiesRisk of Over-Reliance
Community SupportMarket Risks
Time-SavingFees and Costs

 

In Conclusion

Now it is your turn to participate:

 

  • Which Social Trading 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 Broker Features or the Pros and Cons?

 

Regardless, please share your thoughts in the comments below.

 

You Might Also Like:

 

 

Frequently Asked Questions

 

Are there any inactivity fees on Tickmill?

Yes, Tickmill charges an inactivity fee of $10 per month if an account remains inactive for 12 consecutive months.

 

Does OctaFX provide Islamic (swap-free) accounts?

Yes, OctaFX offers swap-free Islamic accounts for traders who adhere to Sharia law, which means no overnight interest is charged.

 

Does HFM offer bonuses or promotions?

Yes, HFM offers bonuses and promotions, including welcome bonuses and loyalty programs.

 

Is FXCM beginner-friendly?

Yes, FXCM is considered beginner-friendly due to its low minimum deposit, educational resources, demo account, and easy-to-use platforms.

 

Does Pepperstone offer Islamic (swap-free) accounts?

Yes, Pepperstone offers Islamic (swap-free) accounts that comply with Sharia law, designed for traders who do not wish to earn or pay interest on overnight positions.

 

Does eToro support social trading?

Yes, eToro is well-known for its social trading features, allowing users to follow and interact with other traders, share insights, and participate in community discussions.

 

Can I trade on mobile with GO Markets?

Yes, GO Markets provides mobile trading applications for both iOS and Android, allowing traders to manage their accounts and execute trades on the go.

 

How does Alpari handle customer support?

Alpari provides customer support through multiple channels, including live chat, email, and phone support, ensuring that traders can get assistance when needed.

 

What types of accounts does FP Markets offer?

FP Markets provides various account types, including Standard Accounts and Raw ECN Accounts, allowing traders to choose the account that best suits their trading strategy and needs.

 

Does XM support automated trading?

Yes, XM supports automated trading through Expert Advisors (EAs) on the MetaTrader platforms, allowing traders to implement automated trading strategies.

 

What is social trading?

Social trading is a form of dealing that enables traders or investors to copy and execute the strategies of their peers or more experienced traders.

 

Is social trading a legal form of trading?

Yes, social trading is a fully legal and recognized form of automated trading

 

Can you make a profit from social trading?

Yes, with the right software and the best broker, you are likely to make a profit

 

Who are the best social trading platforms and brokers?

See our comprehensive list of the best social trading brokers directly on the Forex Suggest website.

Author Details

Picture of Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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