Best Copy Trading Platforms in 2022

filippo ucchino Filippo Ucchino calendar Last Updated: November 2022 timer 14 Min Read

At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.

There are several copy trading platforms on the market.

In this article we have grouped not only the platforms, but also the brokers that allow you to copy other traders.

In addition, we have also taken these elements into consideration to compile the ranking:

  • The general quality of the service offered
  • The availability according to the country of residence
  • The availability of platforms such as MT4
  • The number of tradable markets and assets.
Table of Content

Round-up

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

BROKER MINIMUM DEPOSIT SOCIAL TRADING
eToro $50 Yes
ZuluTrade $100 Yes
NAGA $50 Yes
AvaTrade $100 Yes
Darwinex $500 Yes
Roboforex $100 Yes
HF Markets $300 Yes
Pepperstone $100 Yes
OctaFX $25 No
Vantage $200 No

Review

1. eToro

  • eToro is the leading copy trading platform in the world.
  • eToro allows you to copy other traders from a minimum investment of $200.
  • In addition to copying traders and watching their statistics, on eToro you can also interact with them.
  • With copy trading at eToro you will be able to trade not only CFDs, but also real stocks and cryptocurrencies.
  • eToro allows you to try the copy trading platform with a demo account.
  • eToro’s(Popular Investors) will receive a fixed and/or variable compensation depending signal providers on their AUM.

Visit eToro
(79% 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)

2. ZuluTrade

  • ZuluTrade is the pioneer of copy trading.
  • Copy trading if offered through the ZuluTrade platform and MT4.
  • Through ZuluTrade, you can link your trading account with another broker, so you can use that broker to replicate the positions of other traders.
  • ZuluTrade offers advanced copy trading management tools.
  • The minimum deposit to use ZuluTrade is $100.

Visit ZuluTrade
(Your capital is at risk when trading CFDs)

3. NAGA

  • NAGA is a German Copy Trading platform.
  • Besides offering CFDs, you can also copy stocks positions on NAGA.
  • NAGA requires a $50 minimum deposit to use its platform.
  • The higher the minimum deposit, the higher will be the copy trading earnings for signal providers with NAGA.
  • To try out the copy trading service, NAGA makes a free demo account.

Visit NAGA
(80.85% of retail CFD accounts lose money)

4. AvaTrade

  • AvaTrade is an Irish fixed spread broker that offers a copy trading platform through Pelican Trading.
  • The feature is not available to European clients, but only under B.V.I. and FCA branches of the broker.
  • Copy trading is offered on MT4, while on AvaSocial you will be able to interact and choose the trader to copy.
  • On AvaSocial you can also share ideas, comments, and show others your achievements.
  • AvaTrade also offers Duplitrade to traders.

Visit Avatrade
(79% of retail CFD accounts lose money)

5. Darwinex

  • Darwinex is a copy trading platform that is inspired by mirror trading services.
  • Darwinex’s copy trading system is among the most advanced on the market.
  • With Darwinex, signal providers can create automated trading strategies, which can then be copied by followers.
  • Although Darwinex offers a demo account, a minimum deposit of $500 is required to open a real account.

Visit Darwinex
61% of retail CFD accounts lose money

6. Roboforex

  • Roboforex offers a copy trading service through the CopyFX platform.
  • This service is available for all Roboforex clients.
  • The minimum deposit required to engage with the Roboforex CopyFX service is $100.
  • The copy trading service is available for all account types, except R StocksTrader and the MT5.

Visit Roboforex
74-89% of retail CFD accounts lose money

7. HF Markets

  • HF Markets is a beginner-friendly type of copy trading broker, as it offers a great selection of educational content.
  • The broker has won several awards, including best copy trading platform in 2019 from the Global Forex Awards.
  • The minimum deposit to access HF Copy is $300.
  • Signal providers, however, will need to deposit at least $1000 in order to open the HF Copy account.
  • Strategy providers can earn up to 35% on performance fees with HF Markets.

Visit HF Markets
(71,32% of retail CFD accounts lose money)

8. Pepperstone

  • Pepperstone offers a copy trading service through Duplitrade.
  • The minimum deposit to access it starts at $2000, but it may vary depending on the geophysical area of the trader.
  • Although Pepperstone offers several trading platforms, Duplitrade is only compatible with MetaTrader 4.
  • With Pepperstone, signal providers will be able to open positions as low as 0 pips.

Visit Pepperstone
(75.9% of retail CFD accounts lose money)

9. OctaFX

  • The OctaFX copy trading platform is compatible with MT4.
  • OctaFX makes available a mobile app to monitor followers and the performance of your investments.
  • If you want to register as a signal provider, you must first open a classic MT4 account, and then apply to OctaFX to become a signal provider.

Visit OctaFx
74-89% of retail CFD accounts lose money

10. Vantage

  • Vantage offers four options for copy trading: ZuluTrade, Duplitrade, Vantage Social League and MyfxBook.
  • To open a copy trading account with Vantage, you need to deposit at least $50.
  • To open an account with Duplitrade, on the other hand, you need at least $2000.
  • With Vantage you can trade over 300 assets on MT4.

Visit Vantage
74-89% of retail CFD accounts lose money


About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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