Social Trading Forex Brokers

Social Trading Forex Brokers, are fx brokers that provide a social trading network or platform for their traders to interact and exchange trades, trading strategies and ideas.

What is Social Trading?

Social trading refers to the a service that allows forex and CFD traders to follow, copy and share the trading strategies of experienced and successful traders. This happens through the use of copy trading or mirror trading techniques. Social trading, as the definition explains, requires very little or no knowledge about the financial markets. It only requires careful observation and research into the past and present performance of the potential copied investor.

The social trading culture, allows new traders to trade the markets with the help of other traders that have the experience of opening and closing a few positions. Social trading can be considered an alternative way to analyzing the financial markets, by taking into consideration what other experienced traders re doing and copying their strategy.

Before this concept, investors and traders were heavily relying on fundamental and technical analysis to make important decisions on trading. These social trading networks can be compared to the most popular online social networks like facebook and twitter.

How to Choose the Right Social Trading Platform

A successful social trading network or platform, will have a sufficient user base with traders from all around the world. When choosing a social trading community, you need to make sure that it is full of active forex traders that enjoy providing guidance and advise. Furthermore, it is important to choose a forex broker that has the latest technology and supports a copy trading platform for you to utilize.

If you do not feel entirely confident interacting with other traders, visit our simple guide to learn forex trading and improve your knowledge in the financial markets.

 

Here is a list of forex brokers that offer social trading

Rank
Broker
Regulation
Min. Deposit
Min. Spread
Start Trading
1
Fxtm
FCA, CySec, FSB
$5
0.1
Open Account
Review
2
Avatrade
CySec, FCA
$100
2.1
Open Account
3
Plus500
FCA, Cysec
$100

0.7
Open Account
4
Easymarkets
CySec, ASIC
$100

0.8
Open Account
5
24option
CySec
$100
2.1
Open Account
6
Markets.com
CySec,FSB
$100
1.7
Open Account
7
Etoro
CySec,FCA,ASIC
$200
0.6
Open Account
8
Ufx
CySec
$500
0.5
Open Account
9
Cityindex
FCA
$100
1.8
Open Account
10
Forex.com
FCA
$250
1.8
Open Account
11
Fxcm
FCA,ASIC,NFA
$100
1.4
Open Account
12
XM
FCA,CySec,ASIC
$100
2
Open Account
13
Exness
CySec,ASIC
$100
0.9
Open Account
14
Fbs
CySec,IFSC
$1
0.9
Open Account
15
Etx capital
FCA
$100
0.9
Open Account
16
FXPro
FCA,CySec
$100
0.7
Open Account
17
HYCM
FCA,CySec
$100
1.9
Open Account
18
IronFX
FCA,CySec
$100
2.2
Open Account
19
ATFX
FCA,CySec,ASIC
$100
0.8
Open Account
20
Alpari
FCA,CySec,IFSC
$100
0.3
Open Account
21
IQ Options
CySec
$100
1.2
Open Account
22
Libertex
CySec
$100
0.6
Open Account
23
AAA Trade
CySec
$100
0.5
Open Account
24
AETOS
CySec
$100
1
Open Account
25
Q8 trade
CMA
$100
1
Open Account