Copy Trading – Top 10 Best Copy Trade Platforms 2020 and Review

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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.

  • Regulations: HCMC
  • Minimum deposit: depends on the broker
  • Platforms: Proprietary
  • InvestinGoal rank: 4.5/5


74-89% of retail CFD accounts lose money

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
Try ZULUTRADE with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: CySec, FCA, ASIC
  • Minimum deposit: $200
  • Platforms: Proprietary
  • InvestinGoal rank: 4.5/5

62% of retail CFD accounts lose money

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
Try ETORO with a demo account

62% of retail CFD accounts lose money

  • Regulations: CySEC
  • Minimum deposit: $1
  • Platforms: Proprietary
  • InvestinGoal rank: 4/5


79.67% of retail CFD accounts lose money

3. Naga Trader

Naga Trader are well regulated by both the FCA and CySEC providing maximum protection to you as a forex trader. They are known as one of the top social trading brokers together with eToro and have a particularly good range of crypto assets. Cryptocurrency deposits are accepted and the Naga Trader minimum deposit is very low which may be well-suited to new traders who can try out trading with the broker at a lower risk level.

  • Regulations: NAGA Markets Ltd regulated & authorised by CySEC (204/13) and FCA (609499). (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: no
  • Platforms: MT4, web platform, mobile apps (iOS, Android)
  • Headquarters: NAGA Markets Ltd is headquartered in Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFDs on stocks, ETFs, indices, commodities, futures, cryptocurrency, gaming items
Try NAGA TRADER with a demo account

79.67% of retail CFD accounts lose money

  • Regulations: FCA
  • Minimum deposit: $500
  • Platforms: MT4/MT5 for desktop, iOS, Android
  • InvestinGoal rank: 4.0/5


77% of retail CFD accounts lose money

4. 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
Try DARWINEX with a demo account

77% of retail CFD accounts lose money

  • Regulations: SCB, FCA, FSB, CySEC, DFSA
  • Minimum deposit: $500
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.5/5


71% of retail CFD accounts lose money

5. Avatrade

Avatrade is a top forex broker based in Ireland and regulated in Europe by the Central Bank of Ireland. They are one of only a few top forex brokers to offer fixed spread forex trading. The broker also offers an extensive range of trading platforms for you to choose from. Included within this is the Duplitrade platform specifically for copy trading. The fixed spread on all of the assets traded here starts from 1.3pips.

  • Regulations: AVA Trade EU Ltd regulated by the Central Bank of Ireland (No.C53877); AVA Trade Ltd regulated by the V.I Financial Services Commission; Ava Capital Markets Australia Pty Ltd regulated by ASIC (No.406684); Ava Capital Markets Pty regulated by the South African Financial Sector Conduct Authority (FSCA No.45984); Ava Trade Japan K.K. regulated by the FSA (No.1662) and the FFAJ (No.1574). (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: $100, €100 or £100
  • Platforms: MT4. MT5, Webtrader, AvaTradeGO, AvaOptions
  • Headquarters: AVA Trade EU Ltd is headquartered in Dublin, Ireland
  • US Customers: No
  • Other instruments: CFDs on metals, energies, indices, commodities, bonds, shares, ETFs, cryptocurrencies
Try AVA TRADE with a demo account

71% of retail CFD accounts lose money

  • Regulations: IFSC, CySEC
  • Minimum deposit: $1
  • Platforms: MT4, MT5
  • InvestinGoal rank: 3.9/5


74-89% of retail CFD accounts lose money

6. FBS

FBS is another of the best copy trading broker around. They are again one of the choice forex brokers for new traders in part due to the range of FBS account types available. These accounts include their Cent account which is available for a minimum deposit of just $10. FBS does offer an extensive copy trading service. Unfortunately though, this service is not currently available to European copy traders. If you are eligible to register under IFSC regulations though, you can get started with a deposit of just $100.

  • Regulations: Tradestone Limited authorized & regulated by the by CySEC (331/17); FBS Markets Inc. regulated by IFSC (IFSC/60/230/TS/18). (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, ECN
  • Leverage: 1:3000
  • Minimum Deposit: $ 1
  • Platforms: MT4 (for Windows, iOS, Android and/or webtrader)
  • Headquarters: FBS Markets Inc. is headquartered in Belmopan, Belize
  • US Customers: No
  • Other instruments: Futures; CFDs on precious metals, oil, cryptocurrency
Try FBS.COM with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: CySEC, FSC, FSB
  • Minimum deposit: $50
  • Platforms: MT4
  • InvestinGoal rank: 3.9/5


72.21% of retail CFD accounts lose money

7. HotForex

HotForex is another top copy trading broker that is particularly popular with new traders. This popularity stems from a competitive range of assets, pricing, and an extensive free education section. This includes articles, videos, and live webinars to help develop your trading skill. The HFCopy account and platform through which it runs are available from $300 for copiers up to $1,000 for signal providers. These minimum deposit amounts may change depending upon where you are based.

  • Regulations: HF Markets (Europe) Ltd regulated by CySEC (183/12); HF Markets (UK) Ltd authorised & regulated by the FCA (801701); HF Markets (DIFC) Ltd authorised & regulated by the DFSA (F004885); HF Markets SA (PTY) Ltd authorized & regulated by the FSCA (46632); HF Markets (Seychelles) Ltd regulated by the FSA (SD015). (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: 1:1000
  • Minimum Deposit: $ 5
  • Platforms: HF Markets MT4 Terminal, HF Markets Multiterminal, MetaTrader 4 Webterminal, HF Markets iPhone Trader, HF Markets iPad Trader, HF Markets Android
  • Headquarters: HF Markets Ltd is headquartered in Cyber City, Mauritius
  • US Customers: No
  • Other instruments: CFDs on spot metals, energies, commodities, indices, bonds, shares, cryptocurrency
Try HOT FOREX with a demo account

72.21% of retail CFD accounts lose money

  • Regulations: CySEC, FCA, IFSC
  • Minimum deposit: $5
  • Platforms: MT4, MT5
  • InvestinGoal rank: 3.9/5


90% of retail CFD accounts lose money

8. FXTM

FXTM are a very well known and respected international ECN broker who are also very active particularly within the Asian and African markets.They are another top broker who offer an extensive range of account type choices. On account types, FXTM has 6 in total to offer you as a forex trader. This includes their cent account that can be opened with a minimum deposit of just $10. This award-winning broker also offers the FXTM Invest service for a minimum deposit of $100.

  • Regulations: ForexTime Limited regulated by CySEC (185/12), licensed by the FSCA (FSP No. 46614), and registered by the FCA (600475); ForexTime UK Limited authorised & regulated by the FCA (777911); FT Global Limited regulated by the IFSC (license numbers IFSC/60/345/TS and IFSC/60/345/APM). (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: 1:1000
  • Minimum Deposit: $ 5, £5, € 5
  • Platforms: MT4 (PC, Mac, iOS, Android, multi terminal, web platform), MT5 (PC, Mac, iOS, Android, web platform), MyFXTM (Android, iOS)
  • Headquarters: ForexTime Limited is headquartered in Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFDs on shares, commodities, indices; spot metals
Try FOREX TIME with a demo account

90% of retail CFD accounts lose money

  • Regulations: no need, not a broker
  • Minimum deposit: depends on the broker
  • Platforms: Mirror Trader
  • InvestinGoal rank: 3.5/5


74-89% of retail CFD accounts lose money

9. 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
Try TRADENCY with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: FCA
  • Minimum deposit: $5
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4/5


74-89% of retail CFD accounts lose money

10. OctaFX

OctaFX are another of the top copy trading brokers available. They are well known for their very competitive low spreads. These start from only 0.4 pips on a standard forex trading account and can get as low as 0.2 pips if you qualify for a pro account type. With this forex broker you can benefit from the very fastest of execution alongside an extremely low minimum deposit to get started. If you are interested in copy trading then you will be eligible for the OctaFX copy trading service after you open your account.

  • Regulations: Octa Markets Incorporated is regulated by the FSA. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, STP
  • Leverage: 1:500
  • Minimum Deposit: $ 5
  • Platforms: MT4 (web platform, desktop, Android, iOS), MT5 (web platform, desktop, Android, iOS), cTrader (desktop, Android, iOS)
  • Headquarters: Octa Markets Incorporated is headquartered in Kingstown, St. Vincent and the Grenadines
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, cryptocurrency
Try OCTAFX with a demo account

74-89% of retail CFD accounts lose money

More copy trading platforms

Besides the top copy trading brokers we have mentioned already, there are several more that also have a great reputation among copy traders for you to try out.

Roboforex

Roboforex are a great copy trading broker that are well-regulated by both CySEC and the IFSC in Belize to cater for all forex traders. The broker are known as Robomarkets within the European market. This broker offers a wide range of top trading platforms for you to choose from as a new or experienced trader. Getting started with the Roboforex CopyFX service is easy. Once you have your account, simply make a minimum deposit of $100 or more and you will be ready.

TeleTrade

TeleTrade feature as another top European forex broker to offer copy trading opportunities. In fact, they have won dozens of awards, more than 30 in all. This, combined with the extensive education section they possess, is very attractive to new and experienced forex traders. Here you can open accounts that are both NDD and operate with ECN execution style from a minimum deposit of only $100 to start copy trading.

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:

… and much more.