Copy Trading – Top 5 Best Copy Trade Platforms 2020 and Review
Are you looking for the best Copy Trading platforms for forex copy trading and CFD copy trading?
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 Trades platforms.
Why?
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. 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.
(Want to take a look instead at some classic forex brokers? See our best forex brokers ranking)
Best CFDs and Forex Copy Trading Platform 2020 to copy traders
Here are our top 10 best forex adc CFDs Copy Trading Platform 2020.
1. ZuluTrade
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).
- Regulations: Triple A Experts Investment Services S.A. regulated by the HCMC (no. 2/540/17.2.2010). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Copy trading, social trading
- Leverage: Leverage will depend on the broker you use
- Minimum Deposit: Deposit will depend on the broker you use
- Platforms: Web platform, apps (iPhone/iPad, Android)
- Headquarters: Triple A Experts Investment Services S.A. is headquartered in Piraeus, Greece
- US Customers: Yes
- Other instruments: Instruments will depend on the broker you use
2. eToro
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).
- Regulations: eToro (Europe) Ltd. authorised & regulated by CySEC (# 109/10); Toro (UK) Ltd authorised & regulated by the FCA (583263); eToro AUS Capital Pty Ltd. authorised by ASIC (491139). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Market Maker
- Leverage: 1:400
- Minimum Deposit: Ranges between $200 to $10,000 depending on the region
- Platforms: Webtrader, mobile (iOS and Android)
- Headquarters: eToro (Europe) Ltd. is headquartered in Limassol, Cyprus
- US Customers: Yes, but US clients may have significant limitations. US customers will need to deposit a minimum of $10,000
- Other instruments: CFDs on indices, stocks, ETFs, commodities, bonds; cryptocurrency
3. Darwinex
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.
- Regulations: Tradeslide Trading Tech Limited authorised & regulated by the FCA (586466) (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: STP
- Leverage: 1:200
- Minimum Deposit: € 500 or $ 500
- Platforms: MT4, MT5 (both available for Mac, Windows, Linux, iOs and Android)
- Headquarters: Tradeslide Trading Tech Limited is headquartered in London, UK
- US Customers: No
- Other instruments: CFDs on stock, commodities, indices, cryptocurrency
4. Ayondo
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.
- Regulations: ayondo markets Limited authorised & regulated by the FCA (184333); ayondo portfolio management GmbH authorised & regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (145765). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Market Maker
- Leverage: 1:200
- Minimum Deposit: The deposit will depend on the broker you use
- Platforms: ayondo
- Headquarter: ayondo markets Limited. is headquartered in London, UK
- US Customers: No
- Other instruments: CFDs on commodities, oil, stocks, indices, shares, ETFs, interest rates, bonds; spread betting
5. Tradency
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.
- Regulations: Tradency Inc. is regulated by the Japanese FSA. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Social trading
- Leverage: Leverage will depend on the broker you use
- Minimum Deposit: Deposit will depend on the broker you use
- Platforms: Mirror Trader, Robox, Smart Investor, Smart Investor CFD
- Headquarters: Tradency Inc. is headquartered in the British Virgin Islands
- US Customers: Yes
- Other instruments: Instruments will depend on the broker you use
- Read Tradency Review (coming soon…)
How to do CopyTrading 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.
