Best Copy Trading Brokers (Top 10) In 2021
Best Copy Trading Brokers (Top 10) In 2021

Best Copy Trading Brokers (Top 10) In 2021

The growth of copy trading also called auto trading, mirror trading or social trading has been nothing short of phenomena. The concept behind copy trading is simple. All it uses is the latest technologies for copying real-time forex trades to enable you to follow the steps of live investors. Thanks to copy trading, it becomes possible for you to replicate other trades automatically into your brokerage account.

It is important to note for all traders that all trading platforms do not let their clients take advantage of copy trading forex brokers or social trading forex brokers. However, those brokers that provide this facility let their clients carry out copy trading activities in different forms – fully automated, semi-automated, and manual. Some of these brokers also let their clients start copy trading on a demo account before they start with their real account.

BEST COPY TRADING FOREX BROKERS 2021:

1. HOTFOREX

The best part about HotForex is that it caters to the needs of different kinds of traders from all over the world. From depositing funds into your account to using different kinds of tools for trading activities, HotForex handles all of them easily and in a hassle-free way. HotForex is regulated by different bodies in different parts of the world. It is not just an international brokerage firm of repute but also among the best trading platforms that provides you an easy-to-understand pricing structure, best swap rates, and low deposit amounts.

PROS

  • Regulated in six countries
  • Trading services available in 27 languages
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  • Choice of +1000 different assets
  • Wide variety of trading tools
  • Funds are safe and secure
  • Free VPS hosting
  • Availability of demo account
  • MT4 and MT5 trading platforms
  • Easy to use interface

CONS

  • No US clients accepted at this time

2. OCTAFX

OctaFX has been a recipient of numerous industry awards for its incredible trading platform and services. Established in 2011, OctaFX provides clients with low initial deposits and lots of trading options. The broker is registered under Octa Markets Inc and is regulated by CySEC. Currently, it serves clients from more than 185 countries. Opening an account with OctaFX is easy and hassle-free and one has to make an initial deposit of just $50.

PROS

  • Competitive spreads
  • Low minimum deposit
  • Excellent copy trading services
  • Quick market execution
  • Negative balance protection
  • Multiple awards winner
  • MT4 and MT5 trading platforms
  • Islamic account
  • Multiple deposit and withdrawal options

CONS

  • Limited tradable assets
  • No guaranteed stop-loss feature

3. ROBOMARKETS

Established in 2013, RoboMarkets is a CySEC regulated and authorized online forex broker. As a part of the regulatory requirement, RoboMarkets provides a negative balance protection policy and segregated trading accounts for its clients. In choosing to trade with RoboMarkets, users can select from more than 12,000 financial instruments to deal with in the market.

PROS

  • A variety of trading accounts
  • More than 12,000 financial instruments
  • Customer support is available 24/7
  • Access to CopyFX social trading and RoboAnalytics platform
  • Negative balance policy
  • Opening an account is simple and easy
  • A wide range of deposit and withdrawal methods
  • One-click trading
  • Excellent trading features and functionality
  • Informative videos and in-depth articles

CONS

  • The withdrawal process is slow

4. FXTM

Formerly known as Forextime, FXTM came into existence in 2011. It is regulated in Cyprus by CySEC and has its offices spread across the world. It is regulated by FSC and FCA in the Republic of Mauritius and the UK respectively. FXTM is well-known for providing an attractive trading environment for all kinds of traders. FXTM regularly employs a suite of IT security features along with customer protection measures to ensure all its clients are well-protected against theft of data or funds.

PROS

  • Regulated by CySEC and FCA
  • Great educational tools
  • Reliable and quick customer service
  • Low forex fees
  • User-friendly
  • Fully digital
  • Quick deposit and withdrawal process
  • Guaranteed order confirmation
  • Good customizability
  • Quality news flow

CONS

  • Limited product portfolio
  • Inactivity and withdrawal fees

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