Best CopyTrading Platform in 2024

CopyTrading has revolutionized the forex trading landscape, allowing beginners and seasoned traders alike to benefit from the expertise of top-performing traders. By mirroring the trades of successful investors, you can potentially boost your returns and diversify your trading strategies without extensive market knowledge or experience.

In this guide, we’ll explore the leading forex brokers that offer exceptional CopyTrading services. Our carefully curated list is based on thorough research and analysis, focusing on factors such as platform reliability, user-friendly interfaces, performance tracking, and trader selection.

What Is CopyTrading?

CopyTrading is an innovative investment strategy that allows individuals to replicate the trading activities of experienced and successful traders in real-time. This method, also known as social trading or mirror trading, is particularly popular in the forex market but can also be applied to other financial markets, such as stocks, commodities, and cryptocurrencies.

Our Best CopyTrading Platform List 2024

JustMarkets

★ 4.3 Rating

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JustMarkets appears to be a well-regarded forex broker, with regulation from multiple authorities including CySEC in Cyprus. They offer a variety of account types, with features like tight spreads, commission-free trading on most accounts, and…

Regulation

FSA Seychelles, CySEC, FSCA, FSCM Mauritius

Established

2012

Headquarters

Limassol, Cyprus

Min Deposits

$10

Leverage

1:3000

Platform

MT5, MT4

More Details

Pros

Low and stable spreads

Swap-free trading

Fast execution

Instant Withdrawals

Advanced data protection

Cons

Limited research

Limited educational support.

Website

justmarkets.com

Email

support@justmarkets.com

Address

Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius

easyMarkets

★ 4.0 Rating

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Founded in 2001, easyMarkets made a significant mark in the Forex industry by being the first broker to introduce negative balance protection and a guaranteed stop-loss. This pioneering spirit has continued with innovative tools like…

Regulation

ASIC, CySEC, FSA Seychelles, BVI FSC

Established

2001

Headquarters

Cyprus

Min Deposits

$100

Leverage

1:400

Platform

MT4, MT5, TradingView, easyMarkets App

More Details

Pros

Trade Cryptos 24/7

Up to 1:2000 Leverage

No Slippage

Tight Fixed Spreads

dealCancellation

Cons

Limited account options

No services for USA clients

Website

easymarkets.com

Email

support@easymarkets.com

Address

Trinity Chambers, Road Town, Tortola, PO Box 4301, British Virgin Islands

BlackBull Markets

★ 4.8 Rating

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Founded in 2014, BlackBull Markets is a New Zealand-based forex and CFD broker regulated by both the Financial Markets Authority (FMA) and the Financial Services Authority (FSA) of Seychelles. Traders have access to over 26,000…

Regulation

FSA Seychelles, FMA New Zealand

Established

2014

Headquarters

New Zealand

Min Deposits

$0

Leverage

1:500

Platform

MT5, MT4, TradingView, cTrader, Zulutrade, BlackBull Trade

More Details

Pros

Spreads from 0.0 pips

Leverage up to 1:500

26,000 tradable instruments

24/7 client support

No minimum deposit

< 100ms Execution

Cons

High swaps fees

Website

blackbull.com

Email

support@blackbull.com

Address

Level 20, HSBC Tower, 188 Quay Street, Auckland 1010, New Zealand

AvaTrade

★ 4.4 Rating

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AvaTrade is a globally regulated CFD broker known for its beginner-friendly approach, offering a wide range of trading options including Forex, cryptocurrencies, commodities, indices, stocks, bonds, vanilla options, and ETFs. Renowned for its AvatradeGO mobile…

Regulation

ASIC, CySEC, CBI, FRSA

Established

2006

Headquarters

Ireland

Min Deposits

$100

Leverage

1:400

Platform

WebTrader, MT4, MT5 and AvaOptions

More Details

Pros

Tight spreads

Up to 400:1 leverage

Low commission

Instant execution

Cons

US clients not accepted

Website

avatrade.com

Email

Contact Form on website

Address

Dockline, Mayor Street, Dublin 1, D01 K8N7, Ireland

Octa

★ 4.3 Rating

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Octa is a global forex broker founded in 2011, with a mission to make financial markets accessible to everyone. They offer a variety of trading instruments, including currency pairs, metals, energies, and stock indices. While…

Regulation

MISA Comoros, CySEC 372/18

Established

2011

Headquarters

Comoros

Min Deposits

25 USD

Leverage

1:500

Platform

MT4, MT5, WebTrader

More Details

Pros

300+ Trading Instruments

24/7 Customer Support

1:500 Leverage

Tight forex spreads

No inactivity and swap fees

Free deposits and withdrawals

Cons

The offshore entity is unregulated

No phone support

Website

octafx.com

Email

support@octafx.com

Address

Bonovo Road – Fomboni, Island of Moheli, Comoros Union

FBS Markets

★ 4.6 Rating

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FBS is a forex and CFD broker established in 2009. They offer a variety of trading instruments including currency pairs, stocks, commodities, indices, and cryptocurrencies. They are a well-established online broker with a global presence…

Regulation

CySEC, FSCA, IFSC, ASIC

Established

2009

Headquarters

Cyprus

Min Deposits

$5

Leverage

1:3000

Platform

MT4, MT5

More Details

Pros

Data protection

24/7 support in 8 languages

Spreads from 0.7 pips

0.01 Seconds order execution

550+ Trading instruments

Instant execution

Cons

1:3000 High leverage

No US client accepted

Few account base currencies

No investor protection for non-EU

Website

fbs.com

Email

support@fbs.com

Address

9725, Fabers Road Extension, Unit 1, Belize City, Belize

How CopyTrading Works

Copy trading is a portfolio management strategy where one replicates the trades of another investor, effectively tracking their performance. There are two versions of copy trading: automated and manual. The automated version handles trades automatically, mirroring the actions of the copied trader in real-time. In contrast, the manual version allows traders to execute their own trades based on the copied trader’s moves, offering more discretion. This discretion means that the returns will likely differ from the historical returns of the copied trader. While traders can potentially make money through copy trading, it’s wise to practice manually copying trades first to see if the returns are as expected before fully committing.