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
Regulation
FSA Seychelles, CySEC, FSCA, FSCM Mauritius
Established
2012
Headquarters
Limassol, Cyprus
Min Deposits
$10
Leverage
1:3000
Platform
MT5, MT4
More Details
Pros
Cons
Website
justmarkets.com
Address
Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius
easyMarkets
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
Cons
Website
easymarkets.com
Address
Trinity Chambers, Road Town, Tortola, PO Box 4301, British Virgin Islands
BlackBull Markets
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
Cons
Website
blackbull.com
Address
Level 20, HSBC Tower, 188 Quay Street, Auckland 1010, New Zealand
AvaTrade
Regulation
ASIC, CySEC, CBI, FRSA
Established
2006
Headquarters
Ireland
Min Deposits
$100
Leverage
1:400
Platform
WebTrader, MT4, MT5 and AvaOptions
More Details
Pros
Cons
Website
avatrade.com
Contact Form on website
Address
Dockline, Mayor Street, Dublin 1, D01 K8N7, Ireland
Octa
Regulation
MISA Comoros, CySEC 372/18
Established
2011
Headquarters
Comoros
Min Deposits
25 USD
Leverage
1:500
Platform
MT4, MT5, WebTrader
More Details
Pros
Cons
Website
octafx.com
Address
Bonovo Road – Fomboni, Island of Moheli, Comoros Union
FBS Markets
Regulation
CySEC, FSCA, IFSC, ASIC
Established
2009
Headquarters
Cyprus
Min Deposits
$5
Leverage
1:3000
Platform
MT4, MT5
More Details
Pros
Cons
Website
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.