Best Copy Trading Platforms - 2017

Copy trading is the technical term for the practice in which Forex traders copy the trades of other traders directly into their trading platform. In most cases, this copying is done via a social trading platform through which traders can assess the strategies and performance of the ‘top trade leaders’ and make informed decisions about which traders to copy. Copy trading differs from “mirror trading” because mirror trading generally allows traders to copy specific trade strategies, rather than specific traders. The difference is subtle, but important: when using a copy trader, traders can get the advantage of having a personal touch to include a stop loss or to manually adjust the trade to enhance the results or mitigate risk. With a mirror trader, a technical system is set to execute the trade if the parameters are triggered, and there is little or no human oversight.

Choosing the Right Copy Trade Platform

Copy trading is extremely popular with both new and experienced traders. New traders appreciate the ability to watch the experts and to have a sounding-board for their own ideas. Experienced traders like to share their ideas and to recruit followers for which they are compensated by the broker. When choosing a copy trade system, look not only for the right trade leaders (yes, you can copy more than one trade leader), but also for which broker is properly regulated and offers the best trading conditions. You may also want to place a few test trades on a demo account before starting. After all, with so many Forex copy trade systems to choose from, why not make sure you’re getting the perfect one for your needs?

Broker's Name Minimum Deposit Deposit Bonus Type of Platform Maximum Leverage Regulation Rating More Info
eToro $50 Up To $1000 Web-based, Other 1:400 MiFID, CySEC, ASIC, FCA

9.6/10
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ZuluTrade None None None None None

9.5/10
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Trade360 $250 $110 + 25% to %40 Proprietary platform 1:400 MiFID, CySEC

9.4/10
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4 CMSTrader $500 None Sirix, Other 1:200 FSP

9.2/10
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5 FxPro SuperTrader $500 None MetaTrader 4, MetaTrader 5, Web-based, cTrader 1:500 MiFID, CySEC, FCA

9.0/10
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Top Rated Copy Trading Platforms

eToro

eToro, founded in 2007 and domiciled in Limassol, Cyprus, is a leading social site on the global scene with 5,000,000 traders. It is regulated by NFA, CySEC, ASIC, CFTC, MiFID, FCA and has been the recipient of several awards.

eToro Review
ZuluTrade

ZuluTrade, founded in 2007, was created in order to enable traders to share their knowledge with people interested in their strategies. In the strictest sense, ZuluTrade is considered a Forex autotrading platform, as it allows traders to automatically copy the trades of others into their own trading platform. Many also consider it a social trading platform, however, because traders can leave comments and feedback and see live feeds of other traders' activities.

ZuluTrade Review
Trade360

Trade360 CrowdTrading is a Cypriot broker domiciled in Cyprus and regulated by CySec (Cyprus Securities and Exchange Commission). Cyprus is a regulated and well known domicile for brokerages. They are also covered by MiFID regulation. Trade360 is under constant scrutiny and review.

Trade360 Review
CMSTrader

Cmstrader is a relative newcomer to the Forex scene. Since opening its doors in 2013, it has won several international awards including one for being the leading Forex broker and for having best customer service in 2013. It offers a host of features but most outstanding is its customer support which is provided in a number of ways including by remote control through team viewer, a high tech and timely system not offered by any other broker.

CMSTrader Review
FxPro SuperTrader
FxPro SuperTrader
FxPro SuperTrader

FxPro SuperTrader is a recently introduced Forex and CFD platform created for both novice and experienced traders to gain access to the FX market. FXPro SuperTrader is offered by FxPro Financial Services Limited which is authorized and regulated by the Cyprus Securities and Exchange Commission.

FxPro SuperTrader Review