Approved System! Register with eToro and start copying the best traders in the world! What is eToro CopyTrader? How to Use eToro CopyTrader? Copy Stop-Loss CSL This is probably the most important risk management tool: the CSL will fully stop a copy relationship with a trader when the loss reaches a certain percentage, defined by you.

The third, and the last needed is a knowledge when to sell or buy. There are thousands of manuals about Forex, technical analysis, thousands of guys who tells you how you should to trade.

But they all make trading very complicated and - let's be honest - those systems and manuals gives you NOTHING and they just do not work.

That's what's best and that's what we give you. You don't have to think anymore - just buy or sell when we tell you. That's all! So let's sum it up:.

And you can start making money right now. Additionally, it takes only a few minutes per day to do the work!

Copy trading aside, while Darwinex also offers the full MetaTrader suite, the offering is just average. Read full review. Multiple copy trading platform options While AvaTrade provides multiple platforms for algorithmic and social copy-trading, the broker's overall client experience trails industry leaders.

Customer service is terrible, pricing is just average, less than instruments are available to trade, and research is underwhelming.

Without social trading technology, the act of copy trading would be considered a managed account and require a power of attorney. Or, in other cases, a trader would need to monitor their account continually for signals to manually copy.

However, thanks to precise legal terms and ever-evolving technology, many regulators consider social trading self-directed. In almost every jurisdiction, copy-trading is self-directed because the client must decide who to copy, even if the copying happens automatically for each signal.

Many of the early pioneers in social trading technology started out first as third-party platform developers, such as Tradency, ZuluTrade, and eToro.

While some of these firms are still independent service providers ISPs , eToro became a broker, for example.

From the 30 international forex brokers we reviewed for copy trading, eToro , is our top pick for Please upgrade your browser to improve your experience.

We have created another top 10 of the best Social Trading networks , but we still wanted to dedicate a top 5 specifically to Copy Trades platforms.

Simply because Copy Trading specifically is a sub-category of the broader Social Trading, although often these terms are confused or used thinking they have the same meaning you can read our post about what is Copy Trading to fully understand what we are talking about.

In our ranking of the best Social Trading networks you can find the best companies of this main category, although they may differ a lot between them for types of services offered.

Consider it a kind of general classification. Want to take a look instead at some classic forex brokers?

See our best forex brokers ranking. The very first place to start if you are copy trading, is to answer the question of, what is copy trading?

Well, copy trading is essentially a type of automated trading. With this type of trading you can automatically copy other traders.

This means that as these other traders earn or lose money with their trades, you will do the same. Copy trading is ideal for many types of trader whether you want to copy trade forex, or other markets.

Anyone can start copy trading in the sense that any trader can choose to copy trades. If you want to be copied by others though, this is usually limited to the most successful traders.

Although in our overall rankings, ZuluTrade holds the second place behind eToro, in this particular ranking on copy trading ZuluTrade deserves the top spot.

The reason lies indeed in the specific quality of the copy trading platform and the related services. As mentioned above, in the larger universe of Social Trading, eToro certainly deserves the top spot for overall quality of its service.

But treating the Copy Trading service specifically, our preference still goes to ZuluTrade. They are known as one of the top social trading brokers together with eToro and have a particularly good range of crypto assets.

Cryptocurrency deposits are accepted and the Naga Trader minimum deposit is very low which may be well-suited to new traders who can try out trading with the broker at a lower risk level.

Darwinex is perhaps the most innovative among the copy trading services you can find in this list. The basic concept is the same, that is, users can benefit from the performance of other traders.

But here this service is handled in a totally different mode. The more the trader earns, the more the price of the Darwin grows, the more your investment on the Darwin gains.

Avatrade is a top forex broker based in Ireland and regulated in Europe by the Central Bank of Ireland. They are one of only a few top forex brokers to offer fixed spread forex trading.

The broker also offers an extensive range of trading platforms for you to choose from. Included within this is the Duplitrade platform specifically for copy trading.

The fixed spread on all of the assets traded here starts from 1. FBS is another of the best copy trading broker around.

They are again one of the choice forex brokers for new traders in part due to the range of FBS account types available.

FBS does offer an extensive copy trading service. Unfortunately though, this service is not currently available to European copy traders. HotForex is another top copy trading broker that is particularly popular with new traders.

This popularity stems from a competitive range of assets, pricing, and an extensive free education section. This includes articles, videos, and live webinars to help develop your trading skill.

These minimum deposit amounts may change depending upon where you are based. They are another top broker who offer an extensive range of account type choices.

On account types, FXTM has 6 in total to offer you as a forex trader. OctaFX are another of the top copy trading brokers available.

They are well known for their very competitive low spreads. These start from only 0. With this forex broker you can benefit from the very fastest of execution alongside an extremely low minimum deposit to get started.

Therefore, compared to bank savings, copy trade is more advantageous. In the real estate era, you can make a lot of money from real estate.

Real estate investment is one of the safe investment channels and is almost a compulsory option in the portfolio of an experienced investor.

However, the disadvantage of real estate is its low liquidity and large amount of investment. You are also at risk of losing money when real estate freezes, your assets not only increase but also decrease.

Copy trade may not be comparable to the real estate portfolio in its prosperity, but it overcomes the disadvantages of real estate quite well thanks to low investment capital, quick liquidity and reduced risk.

The capital for this portfolio is relatively small. With people who copy the orders of others like you, you can easily earn copy profits without spending much time, effort, knowledge and extensive experience about the market.

For traders whom you make copies of , in addition to making a profit from trades made on their own, they are paid by the exchange and may also receive a small fee from the delivery fee.

If the number of followers is large, the amount of money making copy is much, the monthly amount they earn is not small. Exchanges: They have more members participating in the exchange, the trading orders will be made more, they will charge fees from arising transactions plus withdrawals or account management.

As stated above, a portion of the transaction fee will be redistributed to traders to encourage them to share their experience and trading methods.

You can easily get profit when copying transactions without spending time researching markets or methods, strategies, capital management, psychological management, As for Pro traders, what do they get?

If the number of Followers is large, then the amount of money they will collect will be very large. For traders whom you copy , in addition to making a profit from trades made on their own, they are paid by the exchange and may also receive a small fee from delivery fees.

This means that the more beautiful an investor with porfolio and the more followers or manage the bigger the follower's funds, the more money.

The purpose of copying trading and investing social networks is to help beginners learn more about trading strategies of other traders.

Copy Trading Plans. How to subscribe for AutoBot? What is the minimum account balance for copy trading? What is the maximum drawdown? Risk control is achieved through position sizing.

Position sizing MUST be the most important feature of the strategy because there is no hard stop loss and no hedging. People will often happily accept extrordingary profits and only query the strategy when they experience a stressful drawdown in their own account even while the master account remains quite safe.