10 Best Copy Trading Forex Platforms Updated January 2026

By following these steps, you can earn additional money as an expert trader. If a trader’s strategy significantly underperforms or no longer aligns with your goals, you can stop copying them anytime. You decide to copy all their existing trades and new trades going forward.

• The screen shot from copy trading broker eToro below shows you how copy trading brokers allow you to view summary profiles of expert traders based on attributes such as Editors Choice, Top Investors, Trending, Most Copied, Lower risk score and Medium risk score.
• Between 74-89% of retail investor accounts lose money when trading CFDs.
• But trading signals are not enough, one needs to make an account with the best copy trading platforms they can find for Forex trading and more.
• This means you can trade on 11 forex pairs, commodities like gold and oil, selected indices, and 19 cryptocurrencies.
• Complete training in financial markets such as "Forex," "Stock Market," and "Cryptocurrencies" only becomes comprehensive with tested trading tools and strategies.
• The platform also provides ranking systems to help you find the most successful traders to follow.

Final Verdict: Is Blackbull Markets Right For You?

You’ll need to specify various risk/reward parameters and maximum drawdown thresholds and decide which providers to copy (if any). Copy trading should be thought of as a way to complement your portfolio and existing trading tool arsenal. For example, if the signal provider opens a trade worth $10,000 and you’ve allocated 10% of that, your trade will be sized at $1,000.

What Is The Regulation For Forex Brokers In The Us?

• Your suitability for copy trading depends on your financial goals, risk tolerance, and the portion of your portfolio you’re willing to dedicate to this strategy.
• Copy trading benefits who are new to financial markets or want to minimize losses by mimicking someone elses trade.
• Moreover, eToro’s most followed PIs typically exhibit low-risk scores, a testament to the platform’s stringent risk management protocols, including limitations on leverage and automated risk controls.Furthermore, eToro has instituted a policy requiring its most influential traders to obtain recognized chartered qualifications, underscoring the platform’s commitment to professionalism and accountability.
• Here, you receive a full chart breakdown, along with professional commentary – all of which is useful for day trading.

While not all platforms offer cryptocurrency assets for copy trading, there’s a growing selection. When that experienced trader places a trade, their action is automatically copied into your own account. Remember that economic news and broader market trends can influence individual trades. The foundation of your copy trading journey hinges on selecting the right signal provider which is the trader whose strategies you’ll be following. Once you’ve chosen your platform, follow the steps to open a trading account. The first step is to select a reputable copy trading platform.

Find Copy Trading Brokers With Round-the-clock Support?

This opens an avenue for you to get involved in copy trading on any of the assets offered at FXTM and also to set up as a signal provider yourself. Since their foundation in 2006, they have greatly expanded their offering on a number of fronts and become an established name in the industry for many types of trading. AvaTrade is a top European broker which has now become well known and respected around the world having been active in the industry for many years. Here you can use the EAs feature to import pre-developed or specially customized trading strategies from others in the industry. If you are looking for XM copy trading options then you will have a couple of choices open to you.

What Are The Best Forex Brokers In The Usa?

• That said, ACY’s market research and educational content have room for improvement, and the spreads available within the broker’s standard account are a bit higher than average.
• Compare fees, and features—trade smarter with expert insights!
• Today, individual investors agree to a Letter of Direction (LoD), which is a form that authorizes the broker to copy the trades of other traders automatically based on your explicit instruction.
• Despite such concerns, eToro maintains that its system is designed with safeguards to mitigate undue risk-taking.

Out of the 4 platforms available, Tastyfx’s proprietary option is the best for beginners thanks to its user-friendly design. TradingView platform is my top choice for technical analysis, thanks to its market screeners and 100+ indicators. You’ve got their own FOREX.com platform, as well as MT4, MT5, NinjaTrader, and TradingView – there’s basically a platform for every trading style. Alternatively, https://sashares.co.za/iqcent-review/ you can trade with no commissions using their Spread-only account. FOREX.com offers some of the tightest spreads through its Raw account.

What Leverage Does Roboforex Offer?

The wide platform variety and growing signal provider network make Vantage a smart pick for traders seeking flexibility and depth in their copy trading setup. Given the massive list of over 2.5 million traders in its database, I’ve been impressed with how eToro has made it easier to filter out the best investors based on their performance rankings with predefined search lists. Select your country of residency below to see is iqcent legit which regulated forex brokers will accept you as a new customer for trading forex.

• I’ve used various copy trading platforms during my time testing brokers, and nothing compares to eToro’s CopyTrader platform in my opinion.
• Picking the right trader to copy is one of the most important decisions you’ll make in copy trading.
• Matthias Horn, a respected finance academic, posits that the allure of higher earnings can tempt signal providers into adopting a high-risk, high-reward strategy.

CMC Markets is a highly trusted multi-asset broker regulated in multiple Tier-1 jurisdictions. That said, the broker’s educational content and market research materials have room https://www.binaryoptions.co.uk/iqcent to improve. It’s worth noting that eToro is not a discount broker (though it offers zero-dollar commissions for U.S. stocks). We review and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns that we come across. Nonetheless, remember that trading still carries a lot of risk and you should approach it with caution, regardless of the strategy used.

CopyTrader™ is a feature that allows users to automatically replicate the trades of other successful investors on the eToro platform in real-time. Moreover, this copy trading feature allows beginners to automatically replicate the trades of experienced investors. The results are not guaranteed with signal provision, though copy trading can be an excellent way for industry newcomers to learn how experienced traders conduct business. Both of these agencies have rules and regulations in place to protect investors and ensure the integrity of the financial markets. The platform also provides ranking systems to help you find the most successful traders to follow.