re you looking for the best Social Trading network? Dont you know which one to choose among the various possibilities?
(Or maybe you want to better understandWhat is Social Trading and how it works?)
There are many Social Trading sites out there, and the number continues to increase.
Heres our TOP 10 of the best Social Trading platforms and Copy Trading platforms,with a little review in order to make you understandat a glance the main features of each one, plus some more insights for the most important ones.
Theres something to everyones liking.
(Want to take a look instead at some classic forex brokers? See ourbest forex brokerranking)
Plus, at the end of this post you will findall the free resource we have prepared to help you Social Tradelike a real pro with all the Social Trading sites youll find just now in our Top10.
Lets start. Heres the InvestinGoal Top 10 Best Social Trading Networks in the world.
Here are ourtop 10 best Social Trading Platforms and Networks.
The social trading broker eToro maybe has not been the first to delve into this new field, but for sure it has been the company that more than anyone has given shape, awareness and visibility to what we now know as Social Trading.
Today eToro, founded and still run by Yoni Assia, is a truly global investor community, where users have the opportunity to interact with each other as they would with a social network like Facebook. Thanks to news feeds, users can monitor and manually copy their favourite traders. Alternatively, the most interestingeToros feature is surely the Copy Trading one, to copy them automatically in proportion, managing exposures and risk. Another bonus? A completely free and unlimited demo account.
: eToro (Europe) Ltd. authorised & regulated by
( 109/10); Toro (UK) Ltd authorised & regulated by the
(583263); eToro AUS Capital Pty Ltd. authorised by
(491139). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: Ranges between $200 to $10,000 depending on the region
: eToro (Europe) Ltd. is headquartered in Limassol, Cyprus
: Yes, but US clients may have significant limitations. US customers will need to deposit a minimum of $10,000
: CFDs on indices, stocks, ETFs, commodities, bonds
Founded way back in 2007 by Leon Yohai, a well-known greek entrepreneur, ZuluTrade has always been at the forefront in this new sector, especially in Forex Social Trading. Recently it has also introduced the Binary Option Social Trading. Users have access to some social features to interact with Signal Providers, especially to read the comments left by other investors before them.
Where the social trading brokerZuluTradehowever excels is in theCopy Tradingfunction. You can search thousands of Signal Providers with a professional and advanced search tool, you can analyse in minute detail their strategy, and above all you can replicate their performance by totally customizing risk and money management. Not sure about it? Clarify your ideas with a free demo account.
: Triple A Experts Investment Services S.A. regulated by the
(no. 2/540/17.2.2010). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: Triple A Experts Investment Services S.A. is headquartered in Piraeus, Greece
: Instruments will depend on the broker you use
Originally born as an App for smartphones only, SwipeStox, called the Tinder of Trading, soon became one of the main players in the Social Trading universe. In 2017, the leaders of the SwipeStox management team began a profound expansion and rebranding plan for all their services. SwipeStox became Naga Trader, one of the platforms of the Naga Group AG.
Naga Traderoffers social networking, social trading, copy trading, as well as innovative investment services, such as the NAGA CYBO, or the NAGA Portfolios. The NAGA group is also extremely active in the universe of cryptocurrencies and blockchain, so much so that they even created their own crypto coin, the Naga Coin (NGC). NAGA Coin can even be used as the base currency of your account, with numerous economic advantages, especially at the trading level (lower commissions).
(204/13). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4, web platform, mobile apps (iOS, Android)
: NAGA Markets Ltd is headquartered in Limassol, Cyprus
: CFDs on stocks, ETFs, indices, commodities, futures, cryptocurrency, gaming items
In terms of Social Trading defined as the possibility for users to interact directly with each other and with the community (in constant growth), Tradeo has nothing to envy to the main and number one rival in the industry, eToro. Tradeo is a forex broker with a highly developed and full of social aspects online trading platform, such as the ability to directly see on the chart the orders and the signals of other traders.
With theTradeotrading platform you can thus operate personally, but in a social way, or activate the Copy Trading function on your favourite trader in order to replicate their performance automatically. You can try everything with a very realistic and, above all, with no time limit demo account.
(282/15); Delwyn trading Ltd supervised & regulated by the
(IFSC/60/284/TS/17). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: UR TRADE FIX Ltd is headquartered in Limassol, Cyprus
: CFDs on commodities, metals, stocks, oil, gold, indices, cryptocurrency
One of the newcomers in the global landscape of Social Trading, but interesting from the outset. Darwinex is a company founded by the Spanish Juan and Javier Coln Bolea, and Miguel Angel Gonzalez.
The newness that Darwinex introduced is the fact that the traders strategies are not shown, but are hidden within what is called a Darwin. In essence, the traders strategy becomes a real asset that the investor can buy and include in his portfolio. Then, the asset value increases due to earnings generated from the underlying strategy managed by the trader. The Darwins are continuously monitored byDarwinexitself, and the investor has access to sophisticated and automated risk control tools. Very interesting for those who feel themselves more as investors than traders.
: Tradeslide Trading Tech Limited authorised & regulated by the
(586466) (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4, MT5 (both available for Mac, Windows, Linux, iOs and Android)
: Tradeslide Trading Tech Limited is headquartered in London, UK
: CFDs on stock, commodities, indices, cryptocurrency
Despite the relative youth of the platform, and despite the fact that the social aspect is not developed (users cant interact nor with each other neither with the traders), the Ayondo platform earns our Top3 due to the payment system with which traders are remunerated.
Simply put, the more the traders operate safely, with precaution, and limiting risk and drawdowns, the more Ayondo rewards them by increasing the value of their commissions. It goes without saying that this system greatly stimulates the robustness of strategies and consequently the security of investors who decide to replicate them. A wide range of professional instruments to trade (including interest rates) and the ease of use of the platform makeAyondoa rising star in this sector.
: ayondo markets Limited authorised & regulated by the
(184333); ayondo portfolio management GmbH authorised & regulated by the
Bundesanstalt fr Finanzdienstleistungsaufsicht
(145765). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: The deposit will depend on the broker you use
: ayondo markets Limited. is headquartered in London, UK
: CFDs on commodities, oil, stocks, indices, shares, ETFs, interest rates, bonds; spread betting
FxJunction is a Social Trading platform where users can create their own profile and connect their MT4 or MT5 platforms. The primary focus of FxJuction is the traders community, a place where to share ideas and trading strategies.
In addition to this, FxJuction also offers a Copy Trading system through which to replicate the performance of the signal providers. FxJunction is not a broker but a cross-platform too, but its connection system is not through supported brokers, but through MT4/5. This means that you can keep your current broker, avoid having to open a new account, and simply connect your metatrader platform.
: FX Junction, LLC is not a broker, regulations are not required. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: FX Junction, LLC is headquartered in New York, USA
: Instruments will depend on the broker you use
Opened in 2011, Myfxbook soon became famous as one of the best communities for professional web trader. In Myfxbook traders can link all their trading accounts under a single personal profile, and keep track of all their trading statistics in a professional and organized manner.
Myfxbook also offers an Autotrading service, called Myfxbook Autotrade. Myfxbook is not a broker, but a cross-broker platform, this means that to use the autotrading service you will have to open a new account with one of the many supported brokers. Technically speaking, Myfxbook Autotrade is more a Mirror Trading service. The strategies to copy from, in order to be admitted, must pass a list of precise requirements that increase their security.
: Myfxbook Ltd. is not regulated as it is not a broker. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: MT4, AutoTrade (web platform), mobile app (Android, iPhone, iPad)
: Myfxbook Ltd. is headquartered in Ashdod, Israel
: Instruments will depend on the broker you use
Founded in 2010, MyDigiTrade is a platform for copy trading created by independent traders. In terms of structure it is very similar to ZuluTrade. With MyDigiTrade, in fact, you can choose to open an account with one of the several supported brokers (among the best in the world), and then connect it to the platform to take advantage of the Copy Trading service. Or otherwise, if you already own a trading account with a partner broker, you can directly connect it in and start using the service.
MyDigiTrade offers a good service for the performance analysis, and even the money management tools allow a good level of control, although at the moment the number of signal providers to copy from is only about 200, a low number, but growing over time.
: Larmond Capital Ltd. is not regulated as it is not a broker. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: Larmond Capital Ltd. is headquartered in the British Virgin Islands
: Commodity futures; options; CFDs; spread betting
One of the absolute pioneers of this world, even before ZuluTrade and eToro. Tradency has launched the world of social trading, showing everybody how it was possible for users to automatically copy the strategies of other traders, without having to personally operate in the markets.
Tradency, however, has chosen not to travel the road that saw other brokers, like eToro and ZuluTrade, becoming actual real Social Networks. Tradency focused solely on what they call Mirror Trading and the related Mirror Trader platform. With the Mirror Trader users can access several automatic strategies (based on algorithms) generated by professional traders from around the world, and can decide, after assessing the performance, to replicate the signals into their own account. The only aspect that could be considered social is the possibility to show and share each users portfolio of strategies.
. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
: Mirror Trader, Robox, Smart Investor, Smart Investor CFD
: Tradency Inc. is headquartered in the British Virgin Islands
: Instruments will depend on the broker you use
Now that you know all the best Social Trading sites where you can start to Social Trade, its time to discover how you can best do it.
Do you want to professionally Social Trade and increase your chance of success?
InvestinGoal is simply full of contents, strategies and tools to help you Social Trade like a real pro with all the Social Trading sites we mentioned above.
other guides in theLearn Sectionthat will help you really make the best out of Social Trading
aSocial Trading blogto really go beyond the Social Trading meaning
and much more, like our SlideShare for example 😉
Darwinex guide Easy Step-by-Step Guide to Succeed
Ayondo Social Trading Guide, tips, strategies
Copy Trading Top 5 Best Copy Trade Platforms 2019 and Review
Not really sure Ive understood your question. Each Network is comprised of hundreds/thousands of traders, and each one of them produce its own income (that you can replicate). If you mean which network produce the best income considering all its traders as a whole, thats an interesting question but I honestly dont know, its really hard to tell considering the number of registered traders. Speaking about a new small reality like Peeptrade, with few traders at the moment, you might even find it by yourself. But with companies like eToro or ZuluTrade thats really challening.
Whats the process for working with social trading nd how much we have to invest nd whats type of work have to do. Please explain briefly. Thanks
For our experience, the process for working with Social Trading is basically different from common forex retail trading, for example. In our opinion you have to reason in investing terms, not trading. We always think about building a portfolio, in these case a People-Based portfolio, but the basics are the same: choosing the right assets (traders), diversification, protection, correct money management. Thats why we have created all our free guides and ebooks, because we want to let people understand Social Trading is about investing, and you have to know how to do it properly. Here you can find them: In terms of how much to invest, it depends on which Social Trading network you chose, but in general terms, in our experience the less you invest the less options you have to diversify your portfolio.
Hello, there seems to be a new kid on the block. Swipestox, have you tried that one out yet?
This list is about to be updated, and most probably SwipeStox will be part of it because we really like it.
Hi, can you please advise that which of the above social trading web sites that require their brokers we can use EA trading and let others to copy or copy others?
If you want to use EA I would definitely look forZuluTrade
Forex is not magic you are not going to be a millionaire over night but its a good market to raise your finances at a steady growth. You need a proper understanding or a superb broker to trade for you
hey, on etoro you can copy people, is their any other one that you can also do this?
Hi Patrick. Basically you can copy other traders with all these platforms, either manually or automatically or both.
Hi, thank you for your helpful brief of trading social networks.
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