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Best Copy Trading Brokers in 2021

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The best copy trading brokers in 2021 are eToro, AvaTrade, Pepperstone, Vantage FX, IC Markets, and XM Group. eToro is the leading copy trading broker with excellent services and fees. AvaTrade is a top choice among new traders, as it has valuable learning materials. Vantage FX has a comprehensive portfolio with MetaTrader, ZuluTrade, DupliTrade, and Myfxbook. 

Each copy trading broker has advantages and disadvantages. This article discusses the best copy trading brokers in 2021. 

The Top 6 Copy Trading Brokers In 2021 

  • eToro  is the leading social trading and copy trading broker. 
  • AvaTrade  is the best beginner-friendly copy trading broker. 
  • Pepperstone  is the leading copy trading broker with MetaTrader and cTrader suites. 
  • XM Group  is the best MetaTrader broker with custom indicators and copy trading services.
  • Vantage FX  is a versatile online broker with MetaTrader, ZuluTrade, DupliTrade, and Myfxbook. 
  • IC Markets  is a versatile online broker with MetaTrader, cTrader, Myfxbook, and ZuluTrade. 

TOP 6 Copy Trading Brokers in Overview: 

01. eToro: Best Copy Trading Broker In 2021 

eToro is a secure social trading broker with a transparent fee structure. It has top-tier licenses from the ASIC and FCA. eToro offers industry-leading services with premium platforms. It has world-class social trading tools and limited educational materials. 

This broker offers a virtual trading account and a well-designed mobile app. eToro provides top-tier social trading experiences with dedicated research tools.  


02. AvaTrade: Best Copy Trading Broker For New Investors 

AvaTrade has an impressive offer with low spreads and trading fees. It has an educational and research site with free courses, videos, and market data. AvaTrade has licenses from the ASIC, FSA, and IIROC.  

This broker has many trading platforms aimed at traders of all levels. It provides access to a straightforward proprietary platform with copy trading features.  


03. Pepperstone: Best Copy Trading Broker With MetaTrader and cTrader 

Pepperstone is a trustworthy forex and CFD broker with excellent customer service and account opening processes. It has licenses from the FCA, DFSA, and ASIC.  

Pepperstone is a good fit for traders at all levels, from casual to professional. It is a leading provider of educational features and materials, including trading guides. This broker has a broad range of desktop and web platforms, including the MetaTrader suite. These come with useful tools, including copy trading and cTrader. 


04. XM Group: Best MetaTrader Broker With Custom Indicators And Copy Trading Services  

XM Group is a MetaTrader-only broker with beginner-friendly services. It has licenses from the ASIC, FCA, and CySEC. XM offers leading educational content and market data. 

This broker offers both the MT4 and MT5 suites. These are highly customizable and offer user-friendly copy trading services. XM has useful research tools, including charting and trading signals.  


05. Vantage FX: Best Copy Trading Broker With Versatile Tools  

Vantage FX is one of the leading online brokers with impressive mobile apps and educational tools. It has licenses from the ASIC and FCA. Vantage FX offers access to the full MetaTrader suite and its copy trading services. 

This broker stands out from other MetaTrader-only brokers as it has many compatible 3rd party platforms. It has the MetaTrader suite with SmartTrader tools. Vantage FX offers social trading and copy trading services. This broker offers a demo account and tutorial guides to test its offering. 


06. IC Markets: Best online broker with MetaTrader, cTrader, Myfxbook, and ZuluTrade 

IC Markets is a leading forex broker with comprehensive tools. It offers the full MetaTrader suite and auto-trading tools. IC Markets is a safe broker with licenses from the FSA, CySEC, and ASIC.  

This broker has the MetaTrader suite as its web and mobile platforms. Both are powerful and offer excellent customizability. IC Markets offers trading ideas, analytics, and sentiment indicators.  


Final Verdict  

eToro, AvaTrade, Pepperstone, Vantage FX, IC Markets, OctaFX, and XM Group are the best copy trading brokers. Our top pick is eToro as it is the industry leader in social trading services. AvaTrade is an excellent choice for new investors because of its learning center. Vantage FX has many compatible 3rd party platforms and copy trading services. 

Frequently Asked Questions 

We review copy trading brokers with real money and accounts. Our findings depend on 105 criteria like safety, ease of use, and fees. 

Copy trading is legal in most countries if the broker is properly regulated. Checking a brokerage firm’s licenses is the best approach. Read our in-depth reviews to learn which copy trading broker has top-tier licenses. 

Is Copy Trading Working? 

Copy trading is a well-established trading practice. It works if you opt for a trustworthy online broker. However, this doesn’t guarantee your success. Learning more about copy trading services and online brokers is a good start. Verify our in-depth reviews to access additional information on the topic. 

How Do You Copy The Best Traders? 

Choose the traders you want to copy and set limits and thresholds for risk management. Decide whether to copy their existing traders or new traders. The best traders have the most followers and impressive performance. Read our in-depth reviews to discover which copy trading broker is best for your needs and experience. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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