Copy Trading Forex Brokers, are fx brokers that offer their clients the ability to copy and follow the trades of other successful traders in order to make profit. When new traders start Forex trading, they are usually overwhelmed with all the data and information available in the market. Copy trading is a method that provides an easy way for new traders to adapt faster, by following and copying successful trading signals from experienced traders.

What is Copy Trading?

Copy trading is a Forex trading method that enables traders in the financial markets, to automatically copy the trades of a selected trader of their choice through a social trading network. This method differs from mirror trading, as it allows traders to copy specified traders and not trading strategies. Also, when copy trading, copy traders usually get charged a small fee for using the service.

Thus, any trading action made by the copied investor once confirmed, such as opening and closing a position or even assigning stop loss and take profit orders, are also executed in the copying trader’s account.Nevertheless,  the copying trader always retains the ability to disengage with copied trades and manage them himself.

Eventually, the concept of copy trading has led to the development of a new type of investment portfolio, called People Based Portfolios or Signal Portfolios. People based portfolios main difference from traditional investment portfolios in that investors invest in other investors, instead of the traditional market based instruments and products.

How to Choose the Right Copy Trading Platform?

Copy trading has developed into an extremely popular product, with both new and experienced traders. As traders psychology and sentiment dictates, new traders need the ability to observe the experts and verify their trading strategy and decisions. On the other hand, experienced traders love to share  and brag about their successful ideas and trades. By doing so they get to increase their followers and investors base,  which leads to more profits by every copied trade.

When choosing a copy trading platform, you need to make sure that the platform is well known and has a strong user base. A good platform will offer you the opportunity to copy as many traders as you like, charging a reasonable fee. It is also important to check the performance of the traders involved with the platform, the advice they offer, and the risk exposure of their trades. After all, copy trading is all about the people involved in it.

If you do not feel entirely confident following other traders strategies, visit our simple guide to learn forex trading and improve your Forex market knowledge.

There are two of the most famous copy trading FX brokers, which are eToro and XM Group. eToro has just launched copy trading in the United States, only one of three who were able to implement copy trading in the US.

Copy Trading Forex Brokers List

Broker
Description
Trade Now
Octafx
OctaFX
Regulation: CySec
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.4 pips

Review


FP Markets
FP Markets

Regulation: ASIC, CySEC
Min. Deposit: $/€/£ 100
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips

Review


NSBroker
NSBroker
Regulation: MSFA, BaFin, FCA,
Min. Deposit: $250
Leverage: 1:100
Spreads: Low as 1.2 pips

Review
XM
XM
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.1 pips

Review
Avatrade
Avatrade
Regulation: ASIC,JFSA,FSCA
Min. Deposit: $/€/£ 250
Leverage: 1:400
Spreads: Floating from 1 pip

Review


IC Markets
IC Markets
Regulation: ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:500
Spreads: Low as 0.0 pips

Review


Etoro
Etoro
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:30
Spreads: Variable

Review

XTB
XTB
Regulation: FCA
Min. Deposit: $/€/£ 250
Leverage: 1:30
Spreads: Low as 0.1 pips

Review


IQOption
IQOption


Regulation: CySec
Min. Deposit: $/€/£ 10
Leverage: 1:1000
Spreads: Floating from 1 pip

Review


OlympTrade
OlympTrade
Regulation: IFC
Min. Deposit: $/€/£ 10
Leverage: 1:500
Spreads: Low as 0.0 pips

Review
Globex360
GlobeX360
Regulation: FSCA
Min. Deposit: No min Deposit
Leverage: 1:500
Spreads: Low as 1.6 pips

Review