Copy trading allows traders to remove all the pressure associated with financial trading. By finding the best copy trading platform and a trader with a proven track record and copying their trades, you can also enjoy the lucrative benefits of a successful trading lifestyle. This is exactly what this section covers - how to find, open and operate a profitable copy trading account. Copy trading has emerged as a bridge between beginners and experienced traders for good reason - because it helps beginner traders avoid mistakes, and rewards experienced traders for their insight. Selecting the best copy trading brokers is crucial though, as this decision depends on your trading experience, financial situation, and long-term financial goals. This "Best Copy Trading Brokers" section provides an in-depth review, comparing and analyzing the pros and cons of various platforms for both beginner and professional traders. For newcomers and seasoned professionals alike, key platforms and features to explore include: User-Friendly Platforms for Beginners: eToro, ZuluTrade, and AvaTrade offer user-friendly interfaces, demo accounts, and minimum deposit requirements. Diverse Asset Classes: Trade cryptocurrencies, crypto, forex pairs, indices, ETFs, and CFDs, including crypto trading and stock trading. For Experienced Traders: MetaTrader 4, MetaTrader 5, cTrader, Myfxbook, and other tools tailored to professional needs. Social and Mobile Experience: AvaSocial integrates social media, while iOS and Android apps enable trading on the go. Regulation and Security: Look for regulated brokers with oversight from the FCA, CySEC, or ASIC. Additional features to consider are: Real-Time Tools: Top platforms offer real-time trading signals and extensive trading tools. Risk Management: Features like stop loss, high-risk trading strategies, and other risk management tools. Customer Support and Fees: Consider support, account types, and trading fees for each platform, including TradingView, Autotrade, and more. Payment Methods: Options include credit card payments, and different minimum amounts apply. Whether you're looking for the best copy trading brokers for forex traders, trading systems that support strategies involving USD, or platforms that offer in-depth reviews of trading experience across different jurisdictions, our "Best Copy Trading Brokers" section has it all. Dive into our extensive guides and find the perfect synergy of functionality, risk management, and innovation. A disclaimer: while trading CFDs and other financial instruments offer opportunities, they also come with high risks, regardless of copy trading or not. Our reviews cover these aspects, offering insights into drawdowns, risk management, diversification, and more.
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67% of retail investor accounts lose money when trading CFDs with this provider.
The firm's main research and development office is based in Tel Aviv Israel. It originally specialized in Forex and indices spreadbetting and CFDs but has recently expanded in stock trading also.
At the time of writing, eToro has 2.2 out of 5 star on Trust pilot. The comments suggest that the platform offers some impressive features but withdrawing money can be difficult. Having said that, some of the negative reviews appear to be rants rather than constructive criticism. This can be examples of traders losing money through their own recklessness rather than eToro's fault. You should therefore take this reviews with a pinch of salt.
Advantages / Disadvantages
Advantages
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Disadvantages
- They do not have every stock you want. This means so may only to buy the same stocks that everyone else is buying, which is not necessarily the best thing for contrarian investors.
- eToro has struggled with increased volatility at times such as in February 2021. Clients were unable to log in, although this also affected many other online platforms.
- eToro currently has a restricted offering for US clients. It is not possible for US clients to trade equities, nor can they copy EU based traders (many of whom have a 2/3 year track record). US clients are currently able to trade cryptocurrencies.
- eToro has suffered from a couple of outages during times of increased volatility. For example in February 2021, the platform went down for period of time (usually a couple of hours). Technical issues were blamed each time. Although frustrating and something to pain attention to, it is becoming relatively common for platforms to suffer these kind of outages.
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67% of retail investor accounts lose money when trading CFDs with this provider.
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67% of retail investor accounts lose money when trading CFDs with this provider.
AvaTrade offers a wide variety of trading solutions (spread trading, CFDs, and social trading), and peace of mind with its comprehensive regulation, covering the EU, Australia, Canada and South Africa. Clients can use a variety of platforms for discretionary and automated trading.
Advantages / Disadvantages
Advantages
- A broad range of tradeable assets and platforms.
- Simple registering process.
- A personal account manager for customers with deposits exceeding $1,000.
- Mobile application
- Leverage trading
- User-friendly interface
Disadvantages
- No two-step verification.
- No price alerts and notifications.
- Fees for inactivity.
- Slow withdrawal.
- US clients are not allowed to trade on the platform.
- No funds insurance for non-European clients.
- Cryptocurrency trading is prohibited for all UK-based clients except professional traders.
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67% of retail investor accounts lose money when trading CFDs with this provider.
Open Account
67% of retail investor accounts lose money when trading CFDs with this provider.
XTB is an international online broker helping its users trade a big variety of different assets in one place. This article aims to review this platform in detail, discover its features, pros, and cons in order to help investors make a weighted decision.
Advantages / Disadvantages
Advantages
- A huge number of tradeable assets capable of meeting the requirements of both experienced traders and full novices
- A welcome bonus for nen-European customers
- Educational materials for newbies
- Mobile trading option
- Intuitive interface with comprehensive charts and graphics
Disadvantages
- In spite of the fact that XBT provides its clients with many trading instruments, tools, and functions, it still has some disadvantages, including:
- No two-step verification.
- The product portfolio is limited mostly to stocks and ETF CFDs.
- No social trading.
- An inactivity fee is charged.
- Clients from more than 35 countries, including the US, are not accepted.
- Copy trading is not available.
- Limited range of cryptocurrencies.
- Only one trading platform.
- Limited deposit methods.
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67% of retail investor accounts lose money when trading CFDs with this provider.
Open Account
67% of retail investor accounts lose money when trading CFDs with this provider.
Offers multiple asset classes, platforms, and regulated in a variety of regions. Caters for a global audience. Awarded with the Highest Overall Customer Satisfaction Award for 5 years running - Investment Trends CFD Report 2015.
Advantages / Disadvantages
Advantages
- A big number of tradeable assets.
- Negative balance protection with a maximum of €20,000 refund.
- Multilingual customer support that works 24/7
- Intuitive interface
- A plethora of educational materials and a demo account for newbies
Disadvantages
- Overnight charges.
- No ETFs trading.
- No stop loss guarantees.
- Traders from the US are not accepted.
- No two-step verification.
- High fee for international bank withdrawal.
- Limited range of indices and commodities.
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67% of retail investor accounts lose money when trading CFDs with this provider.
Open Account
67% of retail investor accounts lose money when trading CFDs with this provider.
Pepperstone is a global regulated broker that provides its clients with the latest technologies for trading multiple assets such as Forex, indices, cryptocurrencies, stocks, ETFs, and commodities. This article provides an overview of its trading platforms, tools, fees, protection measures, and other aspects to help traders make a more informed decision.
Advantages / Disadvantages
Advantages
- Islamic account for Muslim customers
- A big number of tradeable assets
- Educational materials and a demo account for novices
- A comparatively simple account opening process
- Social trading option
- Negative balance protection
- Integration with TradingView
Disadvantages
- Overnight charges
- Limited range of indices
- No two-step verification
- Slow withdrawal
- No funds insurance for clients outside of Europe and the UK
- High minimum entry amount
- Spreads are not fixed
- US clients are not accepted
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67% of retail investor accounts lose money when trading CFDs with this provider.
Open Account
67% of retail investor accounts lose money when trading CFDs with this provider.
OANDA is a global financial services company providing advanced currency solutions to both retail and corporate clients all over the world. In this article, we are going to review this broker’s trading options, tools, platforms, spreads, commissions, security measures, and educational resources to help traders make the right choice.
Advantages / Disadvantages
Advantages
- The US market support
- A big number of tradeable assets
- Leverage trading option
- A demo account where user can test their trading strategies and tactics
- A plethora of educational resources
- An intuitive interface with fully automated execution
Disadvantages
- Limited trader education resources.
- Floating spreads.
- Low leverage.
- High fees for bank withdrawals.
- Overnight charges.
- The MT5 platform is not available.
- The lack of payment methods.
- Limited range of trading instruments.
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67% of retail investor accounts lose money when trading CFDs with this provider.
Open Account
67% of retail investor accounts lose money when trading CFDs with this provider.
A standalone copy-trading ecosystem, providing equities, foreign exchange, commodities and cryptocurrencies markets. Provides a global selection of brokerages.
Advantages / Disadvantages
Advantages
Disadvantages
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67% of retail investor accounts lose money when trading CFDs with this provider.
