Copy A Live Binary Option Trader

Copy Trading is a software application that enables individuals in the financial markets to automatically copy positions opened and managed past another selected expert trader. This method allows traders to copy specific strategies with the desired leverage. You could invest lower or higher than the suggested allocation recommended by the strategy possessor.

Following is a handpicked list of copy trading apps and platforms with their popular features and website links. The listing contains both open source (complimentary) and commercial (paid) software.

All-time Re-create Trading Platform: Top Picks

Name	Demo account	Minimum Deposit	Securities Traded	Regulations	Founding year	Link
👍 AvaTrade	Yes	$100	Forex, Cryptos, Stocks, Commodities, Futures, Indices, Bonds, ETF.	EU CBI, PFSA, ASIC, BVIFSC, FSA, FFAJ, SAFSCA	2006	Learn More
👍 Etoro	Yep	$50	Crypto, CFD, Stocks, ETF	CIF, CySEC, FCA, MiFID, AFSL, ASIC	2007	Learn More (Disclaimer: 68% of retail CFD accounts lose money.)
👍 PrimeXBT	Yep	$l	Forex, indices, commodities, cryptocurrencies	Australian ASIC	2018	Learn More than
Naga	Yeah	$0	Forex, CFDs, indices, shares, commodities, cryptocurrencies	CySEC, FCA	2015	Learn More than
FXTM	Yes	$ten	Forex, Cryptos, Stocks Indices, Commodities, Metals	FSCM	2011	Learn More
BingX	Yes	$0	Crypto, Forex, Commodities and Indices	Commonwealth of australia DCE AUSTRAC, European union CBI, MTR, FINTRAC MSB	2018	Learn More

#1) AvaTrade

AvaTrade is one of the best forex copy trading platform based in Ireland and regulated in Europe by the Central Bank of Ireland. They are i of only a few peak forex brokers to offer fixed spread forex trading. Avatrade provides an extensive range of re-create trading and social platforms for you to choose from.

This is one of the all-time re-create trading platform that allows automatic real-fourth dimension copying of trading operations from 1 trading business relationship to another. It is bachelor straight from the Meta-Trader five platform. The service principal is uncomplicated: a trader provides public access to the deals they execute on financial markets, while it as well allows other users to subscribe to this signal. It automatically does the execution on subscribers' trading accounts.

Features:

Provide free and paid signals are featured on the Signals tab of the MetaTrader platform.
Take Control From Anywhere In The Globe
Global Regulated best forex re-create trading Banker
Trade Cryptos as CFDs and enjoy 24/vii trading
Funding methods: Banking concern transfer, Credit Card, and Paypal
Platforms: MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps

Fundamental Statistics:

Demo Account: Yes
Minimum Deposit: $100
A security traded: Forex, Cryptos, Stocks, Commodities, Futures, Indices, Bonds, ETF.
Regulations: EU CBI, PFSA, ASIC, BVIFSC, FSA, FFAJ, SAFSCA
Founding Yr: 2006
Customer support: Live Chat, Email, Phone

Pros

This broker is regulated in multiple regions and some of the near respected forex trading and finance bodies.
Offers negative residual protection is extended to traders.
Worldwide presence with locations globally

Cons

The demo account the only limit of 21 days can exist too short for many traders.
Offer high inactivity fees can discourage some casual traders with the broker.

Link: https://www.avatrade.com/

#2) Etoro

Etoro is a copy trading platform that was established in 2006 and is used by over 12000000+ traders. This copy trading platform offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index-Based Funds, Exchange Traded Funds (ETF).

The eToro is one of the all-time social and copy trading systems platonic for beginner users who prefer to stick to more than simple usability.

Features:

Trade and invest in top stocks and ETFs.
Build your crypto-based portfolio.
See your investors
Platforms: Web Trader, Tablet & Mobile apps
Account Types: Micro business relationship Standard account Islamic account VIP account

Cardinal Statistics:

Demo Business relationship: Yes
Minimum Deposit: $50
Security traded: Crypto, CFD, Stocks, ETF
Regulations: CIF, CySEC, FCA, MiFID, AFSL, ASIC
Founding Year: 2007
Customer support: Live Chat, and Electronic mail back up.

Pros

Highly regulated broker (FCA, CySEC, and ASIC)
Innovative trading platform
Provides a wide range of assets to trade.

Cons

Spreads are higher than average
Does not have the MetaTrader platform.

Link: https://world wide web.etoro.com/

(Disclaimer: 68% of retail investor accounts lose money when trading CFDs with this provider. Y'all should consider whether you can afford to take the high take a chance of losing your money..)

#3) PrimeXBT Copy trading

PrimeXBT is a copy trading platform that allows traders of all experience levels to novices alike. Information technology helps Professional person traders to monetize their skills past allowing others to copy their strategies.

Features:

Reduce your risks and diversify.
Information technology helps you to start trading effortlessly and quickly similar an experienced trader.
Provides access to a wide range of markets and offers 100 trading instruments all in one platform.

Cardinal Statistics:

Demo account: Yes; demo account available in the Contest module.
Minimum Deposit: $50
Securities Traded: Forex, indices, commodities, cryptocurrencies.
Regulations: Australian ASIC
Founding year: 2018
Customer Support: Live Chat and E-mail back up.

Pros

High volume and leverage
Allows margin trade cryptocurrencies and traditional assets.
You lot can set stop loss/take turn a profit order.

Cons

Deposits via BTC, ETH, USDC or USDT only
Lack of educational material, for case.

Link: https://primexbt.com/re-create-trading

#4) Naga

Naga is a re-create trading platform that automatically copies your trade. It helps you to find other investor's stats on the leader board and select who to copy to get the highest profit in your merchandise.

Features:

Yous will go full access to all Naga trading markets.
Messenger for sharing analysis.
Allows you to adjust your machine-re-create ratio or set the specific investment amount
You can set stop loss and take profit limits to secure your trading profits and limit your losses.
It offers easy to use investors leaderboard.

Key Statistics:

Demo Account: Yes
Minimum Deposit: $250
Security traded: Forex, CFDs, indices, shares, commodities, cryptocurrencies.
Regulations: CySEC, FCA
Founding Year: 2015
Client support: Phone support, Live Chat, and Email back up.

Pros

Low re-create trading fees
Additional educational resources
Good customer support
Leaderboard of traders to copy
Supported platforms: iOS and Android.

Cons

Withdrawal fees
Overnight charges

Link: https://naga.com/social-trading/what-is-autocopy/

#v) FXTM

FXTM is another popular copy trading platform. This is an international ECN broker who is also very active, peculiarly in Asian and African markets. They offer an extensive range of business relationship type choices.

This copy trading platform besides offers the FXTM Invest service for a minimum deposit of $100.

Yous can start out copying top traders at FXTM with a minimum deposit every bit low equally $100. This makes re-create trading extremely accessible.

Features:

Access all your trading accounts from i place.
Trade over 250+ financial CFD instruments on the motility.
Cross-device trading between desktop and phone.
View real-time prices and live price updates.
Admission a variety of different order role
Multiple regulations (FCA, CySEC, FSC).
250+ financial CFD instruments.
Commission-free trading bachelor.
Wide range of enquiry and pedagogy.

Key Statistics:

Demo Account: Aye
Minimum Eolith: 10$
Security traded: Forex, Cryptos, Stocks Indices, Bolt, Metals.
Regulations: FSCM
Founding Year: 2011
Client support: Alive Chat, Electronic mail, Telephone

Pros

Offers FCA and global regulation
Strong education.
Digital and fast account opening
Low fees for stock index CFDs
Quick Eolith and withdrawal
Clear fee study
No eolith fee
Numerous business relationship types.

Cons

Does not offer its trading platform.
Limited production portfolio

Link: https://world wide web.forextime.com/?class=IpsJ

#6) BingX

BingX is a re-create trading platform with over 1 million users inside 100+ regions, BingX provides over 100 cryptos ranging from Bitcoin, Ethereum, Dogecoin, Safemoon to Solana, etc. Users can employ a demo account for re-create trading to reduce the risks. Using key indicators like trader's Account Assets, Cumulative P&Fifty, 30D Profit Rate, Max. Drawdown, etc, users can study the strategies while making profit.

With the launch of the new feed feature, traders can at present post their speculations on future trends and insights, thus encouraging interactions between copy traders. BingX's copy trading system also supports DeFi, NFT, Indices, Commodities, Forex and Layer2. In order to display trader's operation in a more comprehensive way, BingX traders now can enrich their homepage by accessing some other exchange's API.

Features:

Social trading/Copy trading & re-create trading pro
Auto-trading robot
Demo trading
Feed function to facilitate traders' discussions
24/7 trading availability
Cryptocurriences review

Primal Statistics:

Platforms: Web Trader, Tablet & Mobile apps
Demo Business relationship: Aye
Minimum Deposit: $0
Security traded: Crypto, Forex , commodities and indices
Regulations: Australia DCE AUSTRAC, EU CBI, MTR, FINTRAC MSB
Founding Year: 2018
Customer support: Live Chat and Email support.

Pros

Supports credit card for cryptocurrencies purchases
Cryptocurrency Visa Card
Back up various cryptocurrency for various portfolio
Low trading fee of 0.045%

Cons

Does non support Fiat currency withdraw

Link: https://bingx.com/en-united states of america/

#7) ZuluTrade

ZuluTrade supports over 40 forex brokers, 1 of which beingness their integrated solution (AAAFx). It allows investors with existing brokerage accounts to link a new account via their existing banker hands.

This is one of the all-time copy trading platform, which helps y'all filter brokers based on minimum Deposit to start forex trading, mobile back up, etc. ZuluTrade besides allows login via Facebook, convenient for those who regularly log in to check their account.

Features:

You can download a spreadsheet of all the imitation trades.
ZuluTrade is free to join, as you only demand to pay the spread on trades.
Allows investors to copy other investors' portfolios,
Provide an alert if a margin telephone call occurred and fifty-fifty allows you to download a spreadsheet of all the simulated trades.

Key Statistics:

Demo Account: Yes
Minimum Deposit: $200
Security traded: Forex, Cryptos, Stocks, Commodities.
Regulations: CFTC, NFA
Founding Year: 2007
Customer back up: Alive Chat, Email, Phone

Pros

Dainty platform and interface Lots of traders to copy
All-time hazard management for both experienced and inexperienced investors
Free full-featured demo business relationship

Cons

No integrated broker
There are many complaints well-nigh selling phone numbers and email to brokers, copy trade errors, and poor managers' rewards
Trader compensation model not ideal for investors.

Link: https://www.zulutrade.com/

#8) Meta Trader 5

Meta Trade 5 is a powerful platform for Forex and Substitution markets. This best forex copy merchandise service provider uses the MQL5 language, the automated trading software that runs on your computer and trades on behalf of you. This copy trading platform allows y'all to open 100 currency or stock charts at a time, and the 21 timeframes enable comprehensive and detailed analysis of fifty-fifty small toll movements.

MetaTrader 5 offers desktop, web, and mobile versions of the platform. This ane of the best social trading platforms uses the MQL5 language, the automated trading software that mostly runs on your reckoner and trades for y'all.

Features:

Best interface
Improve chart and graphics
It is one of the best copy trade platform that offers new quote on orders
Fast, like shooting fish in a barrel, and flexible
Salve information and manipulation of trade is simple.
Very great visual display and the color and time frame.

Primal Statistics:

Demo Account: Yep
Minimum Deposit: NA
A security traded: Forex, Stocks, Cryptos.
Regulations: NA
Founding Twelvemonth: 2000
Customer support: Phone only

Pros

Piece of cake-to-navigate interface
Economic calendar that is provided equally part of the platform
This copy trading app helps eight types of pending orders and 21 timeframes
Comprehensive suite of analytical tools
Breadth of asset classes

Cons

Hedging for exchange markets is disabled.
Advanced tools and features may be intimidating for a beginner.

Link: https://world wide web.metatrader5.com/en/automatic-trading

FAQS:

❓ Is Re-create Trading legal?

Yep, re-create trading is legal in most countries, provided that the broker itself is properly regulated. When investing in the financial markets using a regulated-broker and legalizes your business relationship and the traders carried within them. However, all of these completely depend on your state that you are living in.

💻 Which are the Best Copy Trading Platforms?

⚡ How Does Copy Trading Piece of work?

To learn near copy trading, one of the nearly important things to exist informed almost the bodily process of copy trading.

Here is how information technology works:

In copy trading, the trader opens a merchandise. The investor (you) and then copies that trader. This normally happens automatically and without the requirement for any manual interventions. You may profit or lose with the trader you take copied. Then if their positions grow, and so volition yours. Yet, the opposite can also happen.

Here, well-nigh important betoken to note is that everything is proportionate. Therefore yous can invest whatever corporeality yous similar depending on the banker rules.

So, by using the service of your re-create trader, you will gain or lose proportionately. However, you need to recall when selecting the traders to re-create, you should know your trader's position sizes they normally open, as this can impact your investment.

Allow's take this example: Assuming that you are a trader who opens trades on multiple assets where the boilerplate profit ratio is already at +xv%, you make up one's mind to invest but $100. Finally, the profit/loss moves to +20%, so you lot shut out your position because of the trader. However, y'all had simply earned +v% because you started copying when the trader was already at +10% profit.

❗ Why Copy Trading?

Re-create-trading allows copying positions of another trader, and lately, information technology has become more popular. There are many traders who create 'People-Based' portfolios to invest in other investors instead of trading themselves.

Here are some reasons worth discussing why copy trading is becoming popular:

Fourth dimension-Saving:Re-create-trading saves time when compared to manual trading. Therefore, a trader who doesn't' have time or does not take plenty cognition should become for copy trading.
Education:Copy trading is also best to approach to learn trading strategies. This platform also allows you to raise questions and read why certain trade was implemented.
Access to Global Markets:Traders have limitations, so it is impossible to become an expert in all the world markets. With the help of a copy trading platform, you don't remain betrayed by any fiscal market. In the re-create trading method, you will likewise get exposure to global markets and gain a global knowledge base.
Diversification:A diversification portfolio may have very piddling risk, and doing re-create trading is one of the best ways to do so. This helps you to re-create trades of several investors and earn a adept income month after month. Even so, doing this without using the proper tool is impossible, and even an experienced trader recommends copying in today's financial scenario.

💲 Can you make money copying trades?

Just like any other investment, you tin can also make money or lose money from copy trading. The idea backside copy trading is to assess each trader'due south profitability before selecting which bespeak provider y'all want to follow.

👉 What is the difference between copy trading, social trading, and mirror trading?

Here is brief information and the main deviation between all three trading platforms:

Social trading: Social trading is the easiest method for new or novice traders to learn and invest based on interacting with experienced traders using various social platforms. When in binary selection social trading, you demand to communicate with your preferred traders or peers, sharing strategies or technical assay, hoping to acquire and create an ideal investment method that fulfills your goal.

The biggest drawback of this trading method is that you lot need to constantly monitor the market's catamenia and decide on individual merchandise trends. This is certainly a time-consuming process.

Copy-trading:
Copy Trading is a software application that enables individuals in the fiscal markets automatically to copy positions opened and managed by another selected really. This technique allows traders to copy certain trading strategies. Copy-trading links a portion of the copying trader'southward that funds to the copied investor'southward account.

It's one of the well-nigh effective trading strategy for individuals who don't necessarily have the fourth dimension to trade independently. Here, you just demand to fund your account, exit it alone, and hope to meet it grow, or you can monitor.

Mirrors trading:
Mirror trading is mirroring the trading of a particular strategy. In these trading methods, companies combine their top traders' strategies to produce reliable and accurate signals for their consumers. Today, it is considered an ideal method as information technology is much improved with big data and bogus intelligence. As a result, mirror trading is relatively accurate and predictable; they are perfect for investors who want to know all the forex trading.

The biggest drawback of this trading method is that y'all have to mirror everything. You tin't option and select the signals you want to follow. Though, the whole procedure is fully automated.

🏅 How to cull the all-time Copy Trading Platform?

Selecting the best copy trading platform is not as piece of cake as you lot may think. Yous demand to consider many factors while selecting your copy trading software.

Here are some of import factors that you lot need to remember in your section procedure of copy trading apps:

Regulation and security: Practise top-tier institutions regulate information technology? Does it offering investment protection? Where is information technology based and operating for how long? Is information technology publicly listed? How is the review of their customers?
Number and quality of traders to copy: Social and copy trading derive from people. Thus, i of the most important factors is the number of users and the number of strategies/traders yous can copy/follow. Information technology increases your range of choice, the chances that you will find good traders, and a style to use the wisdom of the crowd in your favor.
Transparency in details nearly the traders you can copy. In general, you should sympathize, analyze, and assess their strategies, style, and runway record: the more information, the ameliorate.
Finding Winning Traders: Most forex social trading platforms make information technology unproblematic to track which traders offering the highest ROI, which takes quite a big imagination ability to decide who to copy.

🚀 Who are some good traders to copy at eToro?

Jeppe Kirk Bonde (etoro.com/people/jeppekirkbonde):
Olivier Danvel (etoro.com/people/olivierdanvel) : only trade forex, only green months since Jan 2017. His goal is 1% per month, pretty consistent so far
Mariano Pardo (etoro.com/people/marianopardo) : fifth year in a row with positive returns (4 out of five superior to 25%)
BalanceAM (etoro.com/people/balanceam) : low chance score (iii), very good 2019 year. Seems to be condign very popular recently
Libor Vasa (etoro.com/people/liborvasa) : yearly positive returns since 2014