Do you want to know which are the top three forex copy trading platforms in 2019? If yes, then you should keep on reading as this article will provide you the most detailed information on these three platforms. Are you ready?
Lets being with the most prominent copy trading website in the world.
This platformwas founded in 2007 by Leon Yohai and Kosta Eleftheriou. The idea behind this project was the desire of Leon Yohai to develop software that will allow him to copy the trades of the most successful traders.
The company became both legitimate and respected among experienced traders after it was awarded an EU Portfolio Management License from the European Union in 2015.
range of performance indicators as well as graphs
A wide choice of traders to follow and copy their strategies, as well as brokers
: Depending on the broker users use ZuluTrade could require a minimum deposit of just $1, or much more $300, €250, or 300 AUD.
PayPal, Bank wire transfer, and ZuluTrade Mastercard
they charge per trade might differ. It can be as little as 0 [ZuluTradess own broker, AAAFx], or up to three pips with other brokers.
: Triple-A Experts Investment Services S.A. is headquartered in Piraeus, Greece
Currently, the ZuluTrade trading platform allows traders to buy and sell stocks, forex, binary, options, and commodities. With ZuluTrade, users can clone the strategies of top traders.
Followers are these users, who are allowed to copy the strategies of the signal providers, which are the traders who are willing to share and be copied by their followers. Also, they are allowed to copy strategies of the portfolios created by other followers.
For those who dont know which signal provider to choose, there is a feature called the ZuluRank calculator, which ranks traders by several different factors, such as:
There are also other features traders get with ZuluTrade, including:
Other useful features that users have access to are:
Users can verify the execution of a trade after a signal has been received
can automatically execute actions when events occur.
Users can track all important events for the financial markets around the worlds
After reviewing why ZuluTrade is one of the best forex copy trading platforms in 2019, its time to see which platform also deserves a top spot.
This platformwas first founded in 2016 as RetailFx. The brand eToro is synonymous and is one of the most well-known names for social trading. It is also the first broker in the online trading industry to introduce the social trading concept.
Also, eToro is focused on social and copy trading, automated client and portfolio copy trading, and in-platform social sentiment data. Also, the user-friendly interface makes this platform an excellent choice for beginners.
With eToro, traders can trade with currency pairs, ETFs, market indices, commodities, and stocks from all over the world. Also, opening an account is fast and easy. Users can choose between a demo account if they want to test the platform and a live account.
: Depending on the region of the user, the minimum deposit ranges between $200 to $10,000. Also,
: CFDs on indices, stocks, ETFs, commodities, bonds
: eToro (Europe) Ltd. is headquartered in Limassol, Cyprus
trading fees, financing rate, and non-trading fees
with a high level of security, and with multi-signature sign-in. Available in 31 U.S. states. Up to 13 cryptocurrencies
eToro Club: Silver, Gold, Platinum, Platinum +, Diamond
Also, depending on the Club Membership level, users may have access to a:
eToro gives its clients the ability to earn extra income by becoming Popular Investor. The deposit minimum to become a Popular Investor is $1000. Also, the famous investor has to recruit a copier for a minimum of 2 months with at least $500 equity. Once the user has managed to achieve this, he will be rewarded with cash and rebates.
When it comes to withdrawing money, eToro charges users a withdrawal fee of $25 for every withdrawal made, and the minimum amount of the withdrawn money if $50. Also, conversion fees are as following:
After reviewing why eToro and ZuluTrade are two of the best forex copy trading platforms in 2019, its time to see which platform also deserves a top spot.
This platformwas founded in Zug in 2009 by Thomas Wilkker, Robert Lempka, and Mark P. Bernegger.The Swiss Social Trading company specializes in Copy Trading and has headquarters in Frankfurt, London, Singapore.
The platform became famous because of the Top Traders remuneration system. The only way for traders to gain visibility and higher profits is if they maintain a low-risk profile.
Ayondo is developed by traders for other traders is one of the best forex copy trading platforms for beginners. However, it might not be able to provide everything that an experienced and demanding trader might insist on.
: Depending on the broker users use, but it is up to $2000
: Ayondo markets Limited. is headquartered in London, UK
: CFDs on commodities, oil, stocks, indices, shares, ETFs, interest rates, bonds; spread betting
Ayondo users can search for Top Traders using an excellent research tool that is similar to the Zulutrade search tool. The tool ranks traders by several different factors, such as:
The platform gives users the ability to see the traders positions currently open in the market too.
, and they are all marked with flags of different colors. Since anyone can become a Top Trader, you can also operate using a demo account. Here are the criteria:
15 transactions, completed in 60 days, with a minimum of one transaction per month
at least 2.0% from the beginning of his career
25 transactions, completed in 90 days, with a minimum of one transaction every 30 days
: at least 4.0% from the beginning of his career
50 transactions, completed in 180 days, with a minimum of one transaction per month
equal to or greater than 6.0% since the beginning of his career
50 transactions, completed in one year, with a minimum of one transaction per month
Another thing Ayondo offers its users is The Risk Metrics section. If users can interpret the data correctly, this can be a handy indicator regarding the risk of the traders strategy.
These platforms are perfect for beginners looking to get familiar with the markets. They will help you replicate the performance of successful traders at a small fee, which can result in a higher profit.
Even if you dont have in-depth knowledge about the forex market or how forex copy trading works, you can still earn money when using the great features and tools of these three platforms.
However, if you want to learn more about Forex Copy Trading, then you can read our article What is Forex Copy Trading and How it Works
Top Trading Platforms. Read Our Review to find Best Trading Options for 2019 and start trading with a Leading Broker.
Hi, Im Brandon! Ive been in the forex and crypto sphere for nearly 20 years and I want to share my knowledge and experience with you!
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