For more than a decade, some of the best copy trading platforms have been delivering an automated trading experience for beginners. Still, a few amateurs have tried out this modality. So, we can say that copy trading as a technique is still undervalued, which is not fair. With all crucial hits and benefits for users, the idea of following an experienced investor instead of learning looks like a simpler and more flexible solution.
This is why we decided to conduct a list of three top copy trading platforms with an exceptional reputation and advanced instrumentation to enter the financial market with a minor or zero understanding of how it works.
Before we start reviewing the best copy trading brokers, we should clarify the idea of the concept. In its origins, copy trading is quite simple. It relies on a set of specific technological tools that make it possible for investors to mimic deals in real-time. Every time you decide to follow an introducing broker or signal provider, you automatically replicate his or her actions.
The key benefit here is that the process does not call for specific knowledge or trading experience. In other words, any newbie can hop in and start trading right away. Of course, copy trading comes with certain risks. On the other hand, you are the one to decide whether to follow a specific trader or not. Best social trading platforms provide clear stats to compare and contrast different IBs. Additionally, you will have a set of reporting and analytic features to customize a chosen strategy.
The following list contains crucial points trusted and best copy trading brokers must have. It will help you to choose the one that meets the highest requirements. So, the main parameters to consider are as follows:
Now, when you know how to choose the best copy trading brokers, let’s review some of the top 3 options available in the market.
MTrading has become one of the dominating financial service providers on the global market. Along with its innovative products, the company has introduced a comprehensive copy trading platform designed with beginners in mind. The main mission was to ensure a fast and easy way to start trading for those who do not have enough time to learn.
The main benefits of the platform involve:
Users will have full access to the leaderboard with all crucial stats and insights in reference to each Introducing Broker. Additionally, you will have a chance to explore a custom rating system, overview detailed metrics, subscribe to a chosen expert, and copy his or her deals on autopilot.
Trustpilot rating: 4.2 with more than 60 positive reviews.
Founded in 2007, the platform is one of the copy trading pioneers. Here, users can trade thousands of different instruments on their own or replicate deals of time-tested experts.
Trustpilot rating: 2.6 with 19+ reviews from real users.
The platform mainly relies on the technological side of the process. It offers probably the widest selection of the best copy trading platforms. They involve not only MT4 but also integrated resources such as Zulu and DupliTrade.
Trustpilot rating: 4.5 with 50+ reviews from real users.
This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.