Copy Trading – Top 5 Best Platforms and Review
Are you looking for the best Copy Trading platforms?
Then our Top 5 is the place to start.
We have created another top 10 of the best Social Trading networks, but we still wanted to dedicate a top 5 specifically to Copy Trading.
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 Copy Trading is 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. In this ranking, instead, you’ll find only the best brokers that offer pure copy trading services, with which you can automatically copy the trading signals of other investors and create a real portfolio of traders.
Let’s get started.
Best CFDs and Forex Copy Trading Platform
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. With ZuluTrade, the user has access to a highly advanced system of Signal Providers and portfolio management, with a lot of different features to customize the signals replication (and it’s the reason why we have created our ZuluTrade guide for beginners).
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. The eToro copy trading system is indeed one of the best in the industry, second only to ZuluTrade, and from a certain point of view it’s even better for those beginners users that would prefer to stick to a more simple usability (and that, in any case, would not use the countless and more complex features of other platforms).
Ayondo is a company of German origin, with a pure copy trading platform (so with virtually no social networking capabilities) which experienced a superb growth in recent years. Ayondo made some very clear choices in terms of usability of its service. The ayondo strength lies in the Top Traders remuneration system: they can gain visibility and higher profits only if they maintain a low risk profile. The portfolio management system however is very basic, practical for the beginners, but limited for the most demanding users.
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. With Darwinex you do not copy other traders, but you buy synthetic assets, called Darwins, which are assets whose price varies according to the trader’s performance behind it. The more the trader earns, the more the price of the Darwin grows, the more your investment on the Darwin gains.
Tradency is recognized by this industry as the pioneer of this new way of investing. Their platform was created in 2005, before eToro and even before ZuluTrade. To be precise, the one offered by Tradency is a Mirror Trading service. The difference with copy trading is only in the fact that, in a Mirror Trading strategy, the signals from which the positions are originated come from computer program, called expert advisor.
- Try Tradency with Demo Account
- Read Tradency Review (coming soon…)
How to do Copy Trading Successfully
Now that you know all the best Copy Trading sites with which to invest, here’s what you can find on InvestinGoal to do it at the best of your capabilities.
Do you want to invest in Copy Trading professionally and increase dramatically your chances of success?
I guess so…
InvestinGoal is simply the best place to find content, strategies and tools designed to help you invest in Copy Trading like a pro, with all the copy trading platforms listed above.
Here you can find:
- An eToro guide
- A ZuluTrade guide
- An ayondo guide
- A list of the best Trader to copy
- Other introductory guides in our Learn Section that will help you to really get the most from Copy Trading
- A Social Trading blog to really understand how Social and Copy Trading work
- An in depth Social Trading Review section to find technical and independent opinions
… and much more, like our SlideShare for example!
The search is over.
InvestinGoal has everything you need. Simply navigate our site and really discover the world of Copy Trading.