• December 26, 2022
• BrokerIdeas
• News & Blog

2023 Best Forex Brokers for Copy Trading

A copy trading is essentially the ability for you to follow one or more traders and trade exactly as they do. You can also be a copy trader, where you follow anyone on the platform. This article takes a look at the best brokers for copy trading.

 

1. AvaTrade

AvaTrade is our top pick for best forex brokers for copy trading in the year 2020. They offer a wide range of different assets and leverage, as well as an intuitive interface that’s easy to use.

AvaTrade offers some of the most competitive prices on the market. Their fees are among the lowest in the industry, and they have no minimum balance requirements. In addition, AvaTrade offers free FX and CFD trading with no commissions or spreads until 2020/2021.

Their trade execution is fast with low latency execution (sub-millisecond) for trades placed through your desktop or mobile app. They also have a variety of funding options available including credit cards and bank transfers, which makes it easy for traders from all over the world to get started trading with AvaTrade.

Finally, their customer service team is available 24/6 via email or phone so you can always reach someone if you have any questions or concerns about your account.

 

2. XM Group

The XM Group is a leading provider of online trading and investment solutions. The group offers platforms for FX, CFDs, stocks, futures and options and provides clients with a choice between an execution-only model and an interactive platform.

The company has been in the industry since 1999 and has offices in London, New York, Sydney, Tokyo and Dublin. It has more than 100 employees and offers its services to over 1 million clients worldwide.

With the XM Group copy trading platform you can easily copy all trades made by your favorite traders without having to do any research yourself or take on any risk yourself. You simply need to follow their instructions as closely as possible and your account will be set up automatically at all times.

 

3. ZuluTrade

ZuluTrade is a new online broker that offers copy trading. It’s one of the best forex brokers for copy trading because it offers an excellent selection of products, including stocks, commodities and cryptocurrencies.

The company was founded in 2018 by the same people who created CMS Forex and FXDD, two of the most popular forex brokers in the industry. The company has a strong reputation for security, reliability and customer support.

 

4. InstaForex

InstaForex is a leading forex broker and CFD provider, offering its clients a wide range of financial products and services. The company offers its clients the opportunity to copy trade some of the most successful traders in the market. This means that if you want to learn how to trade successfully, you can look at how one of these top traders does it and try to replicate their success. You can also choose from a selection of different traders who are all experts in their own field.

Each trader has their own trading style which means that there is something for everyone at InstaForex. If you like to trade with trend following or breakouts then there will be someone who fits this profile for you on their platform.

 

5. Copyop

Copyop is a copy trading platform that allows you to copy the trades of some of the world’s best traders. You can also create your own portfolio and make your own trades, but Copyop has some of the best traders in the business, so you should definitely check them out.

Some of the features that make Copyop an excellent choice for forex trading include:

* The ability to create your own account within minutes.

* Support for many different currencies and CFDs.

* A wide range of available assets for you to trade in, including commodities and stocks as well as forex pairs.

* A service that works on mobile devices as well as PCs, so you can trade from anywhere at any time!

 

6. eToro

eToro is one of the best Forex brokers for copy trading. It offers a wide range of asset classes and markets, including currencies, stocks, commodities, and CFDs.

In addition to its large selection of assets, eToro also allows traders to make use of the innovative CopyTrader feature. This tool enables users to copy trades made by other traders within their network or by skilled traders in other networks.

CopyTrader works by monitoring the activity in real time and automatically copying any successful trades made by others in your network or by qualified traders outside your network. Traders can choose which trades they want to copy based on a variety of factors such as whether it’s profitable or not, how many times a particular trade has been copied before, and so on.

 

7. OctaFX

OctaFX is the best forex broker for copy trading. The broker offers a wide range of options, including forex trading, CFDs, and binary options. The broker also provides advanced technical analysis tools and an active trader platform.

The company was founded in 2007 and is headquartered in Cyprus. It has offices in Singapore, London, Moscow and New York City. They offer 24/5 customer support via phone or email.

Copy trading allows traders to follow the trades of other top traders on the platform and make money just like them. Copy trading is a great way for beginner traders to learn from more experienced traders without having to pay for expensive classes or expensive software programs like Trading Blasts or Ninja Trader which can cost up to $500 per month!

 

8. FXTM

FXTM is one of the best forex brokers for copy trading because it offers markets across all time zones and has a mobile app, so you can trade on the go. It also offers great bonuses, such as a welcome package with no minimum deposit requirement and an incentive program that lets you earn money by referring new clients to the company.

The company has a great interface that’s easy to use, and its customer support team is available 24/7 via phone or email.

 

9. MarketsX

MarketsX is a forex broker that offers copy trading, a feature that allows traders to follow the trades of other investors. This is a great option for people who want to learn how to trade but don’t want to do it all themselves. The platform also has a wide range of educational resources, including videos and written tutorials.

 

You can find the best broker for your needs by understanding the options available to you and researching the reputation of various brokers.

As you begin to choose the right broker for your needs, consider how to proceed with your trading goals. Given that each broker is slightly different, it’s difficult to recommend one over another. It may take some research on your part to find the right place to start. After all, no two brokers are exactly alike.

 

IC Markets & Tickmill

Pepperstone & Capital.com

Top FX & HFM

AMarkets & FXTM