So, you are trading with Collective2 or considering connecting your account with their service.
That’s great. You should definitely read our collective2 review for the full lowdown on C2 and everything they have to offer when it comes to social and copy trading.
Still, it is professional to consider all of your options, and that is exactly what we have here. We will take a closer look at some of the best Collective2 alternatives so you can weigh up everything and make the best selection for you.
Everything you need to know starts below so keep reading to find out more!
|Collective2 alternatives||Alternative for||Minimum deposit|
|eToro||Social-Copy trading, crypto and real stocks trading, Unlimited demo account||$200|
|ZuluTrade||High-level Social and Copy Trading platform, good number of supported brokers||Depending on the broker, but the recommended amount is $100 to make everything work|
|Naga Markets||Real Crypto and Stock trading, Social-copy trading||$0|
|Darwinex||Copy trading/Social trading, Low spreads||$500|
What are the Collective2 best Alternatives?
Here is a closer look at the top Collective2 alternatives we have found for you to consider.
If you are looking for anything related to copy or social trading, then there can be only one real choice. eToro is an undisputed top broker and leader in this area. They are extremely well-regulated and are by now a trusted household name.
You will be able to get started here with a one-off eToro minimum deposit of just $200 which is industry standard. Further than that, eToro is an excellent choice if you are interested in crypto or shares trading with many to offer as either real or CFDs.
While eToro is a top alternative, you will find Collective2 a better choice for algo-trading and trading with preset strategies.
If you want to try out the eToro advanced social trading service, you should absolutely visit the eToro website (77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.).
ZuluTrade is the next excellent Collective2 alternative if you are looking for a top-quality social and copy trading platform to connect with your forex broker account. ZuluTrade are widely known and very well regarded in the industry having partnerships in place with a wide range of supported brokers.
When it comes to costs, ZuluTrade can also be a good choice since you don’t have to pay any monthly subscription fees for the service with the exception of their profit-sharing account. You also will not have to pay to access a single strategy that you want to copy.
These positives have helped ZuluTrade grow in the industry and become a very popular choice among traders.
ZuluTrade is quite similar to Collective2, however it’s more aimed to an international audience. If you’re not from the US, but you still want to trade with Collective2, Zulutrade is the best choice for you. Visit the ZuluTrade website for more information on their service (Your capital is at risk when trading CFDs).
3. Naga Markets
Naga Markets is our next top choice as a C2 alternative that offers an excellent environment also for social and copy trading. Again they are a very experienced broker with some of the most respected regulations in place, and a choice for many traders.
One of the key points of appeal when it comes to Naga Markets has to be the fact that they are extremely accessible with no minimum deposit needed. They also offer an excellent range of assets across a wide number of markets.
If you are interested in crypto trading then you may find this to be the perfect broker choice. Not only do they have a great range of crypto available for you to trade but they even have their own crypto token, NGN, that you can trade and earn rewards in.
If you want to know more about this broker, visit the Naga Markets website (80.85% of retail CFD accounts lose money).
Darwinex is our next choice as one of the best high-level copy trading services around. They make an excellent choice if this is your kind of trading and they also provide a great degree of support through the availability of MT4 EAs, APIs, and access to the MQL trading community.
The minimum deposit here may not be so low, but at $500 it is still accessible and the broker is continually growing in popularity among traders. They are extremely convenient and user-friendly although C2 just edges it if you are looking for the best copy trading service.
Darwinex offers a great copy trading service, so if you’re interested in it, visit the Darwinex website (61% of retail CFD accounts lose money).
Choosing a Collective2 alternatives: main perks and characteristics
There are many things to consider when choosing the best Collective2 alternative for you. These will depend on your needs as a trader, but some of the key elements to consider are whether the broker has excellent copy and social trading features first off. Fees will also have to be considered and you will find some brokers offering subscription fee models which may suit you.
From the broker alternatives listed, you will find that most support auto trading in some form which is a positive, and several offer different package plans for both strategy managers and investors that could be important. If you are looking for a US-regulated alternative, then this is also possible.
On the other hand, you may note that some alternatives do not offer a demo account. If this is important to you then you will need to make another choice. Some of the strategy fees and subscription fee models you may also find to be a little expensive.
Overall, if you still haven’t found an alternative, you should read our collective2 review where you may decide they are the best choice.
What is Collective2 missing?
Collective2 is an excellent broker choice and is certainly among the best choices we have featured. You can see more of the best by having a look at our guide to the top ten best copy trading platforms. With that said, there are a few things that you will not find at Collective2 which could be desirable to many:
- Collective 2 is not holding an ASIC regulation
- Collective 2 is not holding an FCA regulation
- Collective 2 does not support Spread Betting
- Collective 2 does not offer an Unlimited demo account
Collective 2 Alternatives Comparison
In the below table you will find a few of the most important points of comparison among the top Collective2 alternative choices:
|Feature||Minimum deposit||Copy Trading||Social Trading||Demo Account|
|Collective2||$49/month (Investors), $19/month (Strategy managers)||Yes||Yes||No|
|ZuluTrade||Depending on the broker, but the recommended amount is $100 to make everything work||Yes||Yes||Yes|
Collective2 alternatives FAQ
Collective2 best alternative?
Collective2’s best alternative is mainly eToro. Note that ZuluTrade is just a copy and social trading platform, while eToro, Darwinex and Naga are also top brokers. All of these brokers and platforms on the list are valid alternatives for copy and social trading. eToro, though, does not offer automated trading as the other platforms do.
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