10 Best Copy Trading Forex Platforms Updated January 2026

Check out this video where I walk through how to verify a broker’s regulatory license. You should then visit the regulator’s website to verify the status of your broker’s license. The broker’s registration number and governing regulatory body should be clearly displayed. We’ll go through each of these important questions in detail below, to make sure you have the information you need to avoid forex scams. Go on your broker’s website to identify their license number and regulator information (which can usually be found on the footer of their website), and then verify with the relevant regulatory body. It’s always prudent to make sure that your broker is not on a blacklist, warning list from a national regulator or scam broker list.

The Quality Of The Copy Trading Platform

• IC Markets offers its clients a deep collection of market products totalling over 2,100 instruments.
• Once you find a trader to follow, hit the copy button and choose how much you want to allocate to the trader.
• EToro was founded in 2007 in Tel Aviv, Israel, and has since grown into a multi-regulated broker.
• We don’t recommend AvaTrade for copy traders in the EU, as its services won’t be available.

Commissions are small additional fees attached to each trade on a Raw account in foreign exchange trading. You will buy or sell instruments that are essentially opposite to your current positions, offsetting other trades and reducing risk. Yes, the best offshore brokers are trustworthy, as long as they are transparent and regulated by a legitimate authority. For forex brokers in Australia, you should check the Australian Securities & Investment Commission’s website.

• My educational series about financial scams has helpful tips for identifying common copy trading forex scams.
• The broker offers two account types, both featuring spreads starting from 0.6 pips for major currency pairs with no additional commission charged.
• Don’t miss out on our weekly newsletter to further enhance your trading success.
• People that make their trades available to be copied in real-time are known as signal providers.
• Each platform also comes with a plethora of third-party add-ons at Pepperstone, enhancing the available features beyond the vanilla offering of many other brokers.
• On market products, this broker gives access to a diverse collection of instruments.

Best For Professional Traders

AvaTrade offers up to $100,000 to practice in a demo account, but they also allow you to copy trade. It also offers educational resources for every level of trader. Touting itself as the largest social trading platform on the planet, eToro is the giant in the space with clients in 140 different countries. RoboForex is based in Belize City, Belize and has a lot of benefits for the traders who use it. Over the past decade, forex copy trading—also known as iqcent review social trading, mirror trading, or auto trading—has seen a steady rise in popularity. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors.

Best Copy Trading Forex Platforms For 2026

EToro is perfect for beginners looking for an easy-to-use copy trading platform where you can find, follow and copy traders in a few straightforward steps. EToro offers the most user-friendly copy trading platform out of the dozens of brokers we tested. Choosing a copy trading platform that offers comprehensive trader resources and trading tools allows you to achieve better returns.

Top 10 Copy Trading Platforms

For me, this adds to Fusion Markets’ reputation as a low-cost, trusted broker. Fast execution https://sashares.co.za/iqcent-review/ speeds greatly reduce the risk of slippage. Our research reveals the broker’s commission is only $2.25 per lot, significantly below the industry average of $3.48. As you can see, IC Markets finished a respectable third in our tests, and offered far cheaper spreads than many of its biggest competitors. By comparison, the tested industry average was 0.50 pips – which shows how low IC Markets’ spreads were.

With its wide range of markets and competitive pricing, Tastyfx offers the tools needed for effective copy trading. We also like some of the third-party tools OANDA provides like NinjaTrader for Futures trading and MultiCharts for Advanced traders. With over 70 currency pairs and competitive commission-free spreads, we think OANDA offers you the opportunity to engage in copy trading with ease, low costs and with a trusted broker.

Etoro’s Key Features

• It also helps if the broker offers filters so you can sort traders by performance, risk level, or the markets they focus on.
• It is also a popular global broker with 12,000+ trading products and flexible accounts.
• The broker excels with order execution of under 20 ms thanks to ultra-fast servers in over 50 locations, including London, New York, Singapore, Tokyo, and Hong Kong.
• To make it easy for investors, we’ve developed a Trust Score rating for all 60+ forex brokers reviewed on ForexBrokers.com.
• This type of chart indicates the use of strategies that increase the stake (Martingale method), which sooner or later will lead to the complete loss of the deposit.
• It’s worth noting that Octa Copy Trading is exclusively available on the MetaTrader 4 (MT4) platform.

The broker provides the best conditions for copy trading in the region, and clients from the world’s most active financial hub can certainly benefit from its services. EToro was founded in 2007 in Tel Aviv, Israel, and has since grown into a multi-regulated broker. A leader and innovator in copy trading, the brokerage firm’s global operations serve clients from every corner of the world. My tests showed https://www.binaryoptions.co.uk/iqcent that spreads on forex and commodities were close to the industry average, while certain instruments, such as the Dow Jones 30 index, offered spreads that were better than the norm. The platform features AI-driven, one-click signal screening making it easy to discover top strategies.

A copier can adjust or halt the copying at any time. The process is usually automated—you do not need to confirm each trade manually. However, copy trading’s unique appeal lies in its automation and simplicity. In most countries, yes—provided it’s offered by a broker licensed by the local financial regulator. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

At the front end, the trader who wishes to copy another trader, or the trader who wishes to have his/her trades copied, will have access to the copy trade platform. This is an advancement of the previous signals system, where traders would receive trade alerts and implement these on their accounts manually. Below you will find a list of Forex Brokers offering trading accounts featured by the option to copy trades of other clients (signal providers). We review and rate companies offering trading platforms for Forex, CFDs and other financial instruments. We are also a community of traders that support each other on our daily trading journey. TradingBeasts helps individual traders learn how to responsibly trade forex, cryptocurrencies and other asset classes.

• In other words, you can trade both EUR/USD and USD/EUR, at your discretion.
• What does the Follower have to do to start copying the trades of other traders?
• For those seeking an enhanced trading experience, the Vantage ProTrader platform, powered by TradingView, features over 50 trading indicators and drawing tools.
• Trades are generally copied in real-time or with minimal delay (often milliseconds to a few seconds).