Regulated copy trading platforms

[BinarySumo]

Hi folks, created this thread on different forums, as lately copy trading has become quite popular among forex and crypto traders. I remember when I was a beginner I was searching far and wide to find the right trading platform to start out with. As a newbie, I wanted to try copy trading as it seemed to be a good way of getting some exposure to the market without the risk of trading on my own. But choosing a transparent and trustworthy platform is crucial in the context of copy trading. So, I am creating this thread with the intention of introducing regulated copy trading platforms to all those who are interested in it.

So, here’s a list of 5 regulated copy trading platforms and their features.

1. Zulutrade https://www.zulutrade.com/

• Portfolio Management License from the European Union.
• Supported by many brokers.
• The minimum deposit depends on the broker you choose. Though your balance in the account connected with zulutrade should always exceed $100.
• Transparent algorithm based ranking with advanced search filters.
• Zuluguard feature for risk management.

2. DupliTrade https://www.duplitrade.com/

• Regulated by CySEC
• Minimum deposit requirement is $5000.
• Many strategy providers to choose from.
• Algorithmic trading.

3. eToro https://www.etoro.com/copytrader/

• Regulated by CySEC and FCA
• Functions as a multi-asset trading platform and cryptocurrency exchange.
• One of their highlighted features is the copy trading facility.
• Minimum deposit for copy trading is $200.
• You can copy up to 100 investors at the same time.

4. Naga https://invest.naga.com/copy-trading/

• Regulated by CySEC
• Naga is a forex broker itself offering copy trading as one of the key features.
• Leaderboard with top traders details.
• Auto Copy feature.
• Minimum deposit required is $250.

5. CopyFX https://www.copyfx.com/

• Regulated by CySEC.
• Minimum balance requirement is $100.
• Detailed statistics with Trader’s rating.

I also want to mention that all 5 platforms that I listed above are extremely beginner-friendly and have a fair compensation plan for their top traders/ strategy providers. That means these platforms can not only be used by novice traders but can also be utilised by experienced traders for earning additional revenue by sharing their profitable trading systems with others.

 

[Manometer]

Do these copy trading platforms work with all brokers or is there any specific broker I’ll have to create an account with?

 

[Charles Agustin]

Use stop loss to guard your trades from sudden market collapse. Forex is an uncertain and volatile market where nothing can be accurately predicted. So, using stop loss can shield traders from sudden losses. Eurotrader puts no restrictions on using stop loss and take profit.

 

[Plethora]

Do these copy trading platforms work with all brokers or is there any specific broker I’ll have to create an account with?

Not all! For Zulutrade and Duplitrade you should check the brokers they support. This info must be available on their websites. Etoro and Naga are brokers themselves, so you have to open an account with them. You can use copyfx with Roboforex if I am not wrong.

 

[srai123]

This is a great starter list! I also wanted to add Yadix to the list. It looks like they have something that allows for copy trading.

 

[BinarySumo]

This is a great starter list! I also wanted to add Yadix to the list. It looks like they have something that allows for copy trading.

Will check them out, thanks!