COPY TRADING
This is an alphabetic list of platforms that provide automated copy trading services (also known as social trading). Please note that some websites provide inadequate information for the creation of a comprehensive summary. All prices quoted were correct at the time of logging, but may have since changed, plus there may be time-based discounts subsequently made available.
AvaTrade
Global broker AvaTrade offers two copy-trade functions. Firstly, DupliTrade which is an MT4 compatible platform that allows traders to automatically follow the signals of more experienced Strategy Providers and their strategies in-real time. Its user-friendly interface makes it easy to build and manage a trading portfolio while gaining valuable insights on successful trading strategies. Secondly, AvaTrade offers ZuluTrade which converts the recommendations of experienced Traders for Investors and automatically executes the trades in an AvaTrade account. AvaTrade also has a social trading app which helps traders discover mentors, ask questions, and copy their trades. [Logged: March 2023]
See the Brokers A–M page for general information about AvaTrade.
See the listings below for information about DupliTrade and ZuluTrade.
Collective2
Collective2 allows traders to turn on an automated trading strategy inside their own brokerage account. A key difference from other auto-trading systems is that the traders money stays within the trader’s account at all times and strategies are turned on within that account. Traders select a specific strategy from a range of options that have been developed by “quants, or traders, weird geeks in their parents’ basement”. Traders then select their brokerage account number and turn on the strategy which they can watch move in real time. Strategies can be started and stopped at any time. Stocks, options, futures and forex can be traded for a flat monthly fee that is not profit related. Some strategies can be traded for as little as a few thousand dollars, while others require between US$10,000 and US$30,000. Collective2, presents all of the results of each available strategy so that traders can see which are good and which are “stinky”. It is free to open an account and traders can start browsing C2 strategies for free. At November 2023: Collective2 had a total of 2,160 trading strategies tracked; there were 1,301 brokerage accounts using the system; and 52,425 strategy managers had been evaluated, with $82.9 million of assets connected. Developers can load their strategies on the C2 platform, become a Strategy Manager, and receive a flat fee for every subscriber who replicates their trades, although they pay a monthly fee for one of three Package Plans. The top-earning strategy developer has made over US$570,000. Founded in 2001 by Matthew Klein, Collective2 is based in New York and is a member of the National Futures Association. (Logged: November 2023).
CopyTrader
Pro
CopyTrader Pro allows clients to invest funds in professional traders’ automated crypto trading systems. The success rates of the professional traders’ systems that are available to copy are provided as P/L charts. Clients must already have a Binance account and CopyTrader Pro activities sync to that account. CopyTrader Pro’s subscription fee is based on the amount of capital the client wants to allocate for copying and the frequency of payments. For example, with US$1,000 copy capital, the fee would be US$30 per month. With US$10,000 copy capital, the fee would be US$300 per month. The minimum account size recommended is US$400 for copying one trader, although clients can allocate capital to as many traders as they like.
See the Brokers A–M page for information about Binance.
cTrader Copy
cTrader Copy is a fully integrated cTrader feature and a flexible investment platform that facilitates the copying of strategies created by other traders (Strategy Providers). Once a trader has logged into the cTrader web application with cTrader ID (cTID), in just two clicks they can proceed to the Copy section, check the available strategies, compare their history, details and fees, allocate funds, and start copying. All the strategies can be discovered and copied from the cTrader Copy main page without any long-term commitment, and any trader signed in with cTID can invest in a strategy as long as their broker offers the cTrader Copy function (not all cTrader partnered brokers offer cTrader Copy). The allocated funds from an Investor’s account are moved to a copy trading account, which is a separate trading account under the same cTID that can be used only for copying the specific strategy. A Strategy Provider executes trades from his trading account, and all the followers (Investors) following the strategy automatically copy all the trades, generating their equity depending on their copy trading account’s equity and leverage based on an Equity-to-Equity model. Fees for cTrader Copy services vary depending on what a Strategy Provider charges, from free upwards. Some charge a performance fee, management fee, and volume fee, in any combination depending on what they think their strategy is worth, and what they think an Investor would pay for it. For example, if an Investor is going to allocate US$1,000 for copying, the Provider might charge 5% for management, 10% for performance and a US$5 volume fee. Before an Investor starts copying a strategy, they can check the fees they are going to pay on the Start Copying button of a strategy. [Logged: April 2023]
See the Charting A–M page for information about cTrader.
See the Automated Trading page for cTrader’s auto trade capabilities.
DupliTrade
DupliTrade offers an advanced auto-execution mirroring system which enables clients to automate their trading on forex, indices and commodities by duplicating the trades of expert traders (Strategy Providers), with the results sent directly into their own broker’s account. Trades are selected according to a specific setup, with lot sizes increasing from 0.5 upwards. Strategy Providers are audited through a transparent, three-stage process before they are activated. There are 14 Strategy Providers currently listed on the DupliTrade website, with varying degrees of trading success, and auditing is a constant and ongoing process to ensure they continue to meet quality standards. Using DupliTrade requires a probationary period trading a free demo account to allow traders to become familiar with the copy-trade interface and the markets before starting to trade with real money. The DupliTrade system of copy trading enables users to automatically copy positions opened by an experienced trader using computer systems that connects brokers and users, with the experienced trader in the middle. With copy trading, the investor has the ability to automatically copy every operation executed by another trader in order to replicate their performance. DupliTrade’s clients can create their own portfolio based on the trading activity of the Strategy Providers they wish to follow. Traders can fully define trading parameters such as trade multipliers, as well as monitoring trades, positions, and profit and loss, all in real time, as well as having access to a variety of money management tools to control risk. DupliTrade provides email notifications for all trading activities. All the accounts displayed on DupliTrade’s site are the real accounts of experienced traders, trading with real money in real time. DupliTrade’s 12 broker partners include AvaTrade, IC Markets, and Pepperstone, although availability of DupliTrade to individuals may be country-specific. For example, AvaTrade makes DupliTrade available separately to its Australian and South African clients. DupliTrade’s headquarters are in London, UK. [Logged: March 2023]
See the Brokers A–M page for information about AvaTrade and IC Markets.
See the Brokers N–Z page for information about Pepperstone.
eToro
As well as providing traditional brokerage services, eToro specialises in social trading through both copy trading functions (CopyTrader) and copy portfolio functions (Investment Portfolios, formerly CopyPortfolios). These platforms facilitate automated trading through account mirroring where trades are replicated to a client’s account in real time. There are no additional charges for using the CopyTrader feature. CopyTrader allows traders to follow and automatically copy the algorithmic trades of other users (called Popular Investors), of which there are ‘thousands’. Clients can search for Popular Investors to mirror based on performance, preferred assets and risk score. Once a suitable strategy has been identified, custom parameters can be set for the copy trade. Copy trades can be paused at any time and funding adjusted. To participate in eToro’s social trading platforms, clients look for an investor to copy through the Copy Discover page, select the preferred Popular Investor, and choose how much to allocate to the strategy. With a claim that it has ‘the largest collaborative community of traders and investors in the world’, traders can try CopyTrader in demo mode with a free $100,000 virtual portfolio. For experienced traders, eToro offers an opportunity to generate commission profit by becoming a Popular Investor through one of four tiers, each with different requirements and benefits: Cadet, Champion, Elite and Elite Pro. The InvestmentPortfolios program is aimed at traders who want a longer term, diversified investment product which requires little to no active participation and automatically re-balances as needed. There are two types of portfolios: Top Trader Portfolios (a combination of the best performing traders on the eToro platform); and Market Portfolios (a bundle of CFDs across a range of asset classes such as shares, ETFs and commodities). [Logged: April 2023]
See the Brokers A–M page for information about eToro’s brokerage and trading platforms.
FP Markets
Australian DMA broker FP Markets offers copy trading through MetaTrader 4 and 5 platforms. The platforms’ detailed Ratings page ranks Providers based on their profitability over a given period of time. It includes their full trading history and past performance. To replicate their trading behaviour, traders simply click ‘Follow’. FP Markets offers multiple copy trading modes and there is no limit on the number of Providers traders can copy. Copy trades can be activated and deactivated with one click. Traders maintain control through functionality that allows multiple copy trading options and risk management strategies. The performance of successful Provider traders can be followed in real time. FP Markets offers trade in CFDs for shares, forex, cryptocurrencies, indices, commodities, bonds and metals. [Logged: April 2023]
See the Charting A–M page for information about FP Markets.
FusionMarkets
FusionMarkets offers copy trading with a proprietary system where traders can manage money for friends and family with Fusion’s copy-trading platform Fusion+. Traders need to apply to become a Fusion+ trader. Once approved, they can share their unique link with others or email an invitation to friends or client accounts. Once they link their existing account and agree to the terms and conditions, traders can enable their account to be copy traded. The Fusion+ copy service is free of charge as long as the trader and their follower accounts are trading at least 2.5 lots of FX/Metals per month. If less than this, a US$10 per month fee is charged to cover Fusion’s hosting costs. As an approved Fusion+ Master, traders can charge performance fees to their clients, up to a maximum of 30%. FusionMarkets also offers DupliTrade which is a user-friendly copy trading platform that allows them to duplicate the actions of hand-picked traders from DupliTrade into their Fusion Markets MT4 account. [Logged: March 2023]
See the Brokers A–M page for information about FusionMarkets.
See the listing above for information about DupliTrade.
FXCM
FXCM is a broker that offers copy trading through APIs to MetaTrader Signals and ZuluTrade, plus Myfxbook journaling software.
See Brokers A–M page for information about Vantage.
See Charting A–M page for information about MetaQuotes Signals for MT4 and MT5.
See below for information about ZuluTrade.
See Journaling page for information about Myfxbook.
MetaTrader 4 & MetaTrader 5 Signals
MetaTrader’s copy-trading service, Trading Signals, enables automatic real-time copying of trading operations from one trading account to another. The service is available directly from either the MT4 or MT5 platform. The service principle is simple: a trader provides public access to the deals they execute on financial markets, while other users can subscribe to the signal. The signal provider’s deals are automatically executed on subscribers’ trading accounts. Thousands of free and paid signals are featured on the Signals tab of the MetaTrader platform. For convenience, all signal providers are sorted by their trading results and are listed with detailed statistics, growth, balance and equity charts, as well as their full trading history. The first one thousand signals sorted by rating are featured on the platform’s showcase, while the full list of signal providers is available on the MQL5.community website. Signal providers are carefully screened for credibility. The Trading Signals service enables successful traders to earn extra income on a regular basis by selling signal subscriptions to others. The built-in MetaTrader Copy Trading service is beneficial to both signal providers and their subscribers. Signal providers receive fixed monthly subscription fees, while signal subscribers automatically execute trading operations of professional traders on their accounts. [Logged: April 2023]
See the listings above for information about automated trading with MetaTrader 4 and 5.
See the Charting A–M page for general information about MetaTrader 4 and 5.
See the Backtesting page for information MetaTrader 4 and 5 backtesting capabilities.
Pepperstone
Pepperstone is a broker that offers copy trading through APIs to DupliTrade and MetaTrader Signals, plus offers Myfxbook journaling software.
See Brokers N–Z page for information about Pepperstone.
See above for information about DupliTrade.
See Charting A–M page for information about MetaQuotes Signals for MT4 and MT5.
See Journaling page for information about Myfxbook.
Tickmill
Tickmill is a broker that offers copy trading through APIs to MetaTrader Signals and ZuluTrade, plus Myfxbook journaling software.
See Brokers N–Z page for information about Tickmill.
See below for information about ZuluTrade.
See Charting A–M page for information about MetaQuotes Signals for MT4 and MT5.
See Journaling page for information about Myfxbook.
Vantage
Vantage is a broker that offers copy trading through APIs to DupliTrade, MetaTrader Signals and ZuluTrade, plus Myfxbook journaling software.
See Brokers N–Z page for information about Vantage.
See above for information about DupliTrade.
See Charting A–M page for information about MetaQuotes Signals for MT4 and MT5.
See below for information about ZuluTrade.
See Journaling page for information about Myfxbook.
ZuluTrade
ZuluTrade has two different types of clients: Traders and Investors. Its Traders program is open to individuals with a variety of investment strategies who can attract Investors to follow and earn additional income. A Trader can trade either on a real or a demo account while ZuluTrade publishes their results and statistics on the website. Each trading action performed in the Trader’s account is sent to their Investor followers in the form of a broadcasted signal. Traders are required to explain their portfolio strategy on their profile, and communicate regularly with their Investors regarding their buy/sell decisions, and product and instrument choices. Successful Traders are featured on the ZuluTrade rankings so more Investors will copy their trading signals. Traders are compensated based on whichever scheme their followers have chosen, either the Classic Payment Scheme or the Profit Sharing Plan which allows the Investor to pay the Trader only if their strategy is profitable. ZuluTrade ranks Traders based on their performance, stability, behaviour and outlook. It then selects Traders to copy according to their investment capital and risk appetite. Both live and demo traders are equipped with a TradeStation user interface with technical charts and indicators, along with the ability for Traders to create trading robots by running their own ZuluScripts. As the platform is entirely web-based, accounts are shielded against connectivity issues and can run expert advisor systems uninterrupted without the need for a VPS. ZuluTrader also connects to the MetaTrader 4 platform. In this case, the Trader account becomes read-only and any trading activity that takes place in the MT4 account is copied over to the ZuluTrade account. Financial instruments covered by ZuluTrade are stocks, forex, cryptocurrencies, commodities and indices. ZuluTrade is connected to eight brokers including IC Markets, FXCM and ThinkMarkets. Commencing operations in 2008 in Charlottesville, US, ZuluTrade is a FINVASIA Group company which is licensed and regulated in the US, Japan and EU. It is now headquartered in Athens, Greece. [Logged: March 2023]
See the listing above for information about MetaTrader 4’s copy-trading capabilities.
See the Brokers A–M page for information about IC Markets and FXCM.
See the Brokers N–Z page for information about ThinkMarkets and TradeStation.