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Best Copy Trading Platform 2021

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The best copy trading platforms are eToro, AvaTrade, XM, Pepperstone, IC Markets, Vantage FX, HYCM, and OctaFX. eToro is the leading copy trading broker with premium services and fees. AvaTrade is a good fit for new traders because of its valuable learning center. XM is a top beginner-friendly broker with helpful research and education tools.

Each copy trading platform has advantages and disadvantages. This article discusses the best copy trading platforms in 2021.

Best Copy Trading Platforms In 2021

  • eToro offers the leading social trading and copy trading platform.
  • AvaTrade provides the best beginner-friendly copy trading platform.
  • XM offers excellent copy trading platforms with many learning tools.
  • Pepperstone offers reliable copy trading platforms with full access to MetaTrader and cTrader suites.
  • IC Markets offers a versatile copy trading experience with MetaTrader, cTrader, Myfxbook, and ZuluTrade.
  • Vantage FX offers a versatile copy trading experience with MetaTrader, ZuluTrade, DupliTrade, and Myfxbook.
  • HYCM offers a premium copy trading experience for professional investors.
  • OctaFX offers a premium copy trading experience for professionals with access to MetaTrader and cTrader suites.

RANK BROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1eToroWell-designed mobile app4.9/5Leading copy and social trading platformOfficial website
#2Ava TradeLow fees and spreads​4.8/5Best beginner-friendly copy trading platform Official website
#3XMMany learning tools 4.7/5Excellent copy trading platforms Official website
#4 Pepperstone  Full access to MetaTrader and cTrader suites4.8/5Top choice for traders at all levels Official website
#5IC MarketsComprehensive trading tools4/5MetaTrader, cTrader, Myfxbook, and ZuluTrade Official website
#6Vantage FXProvides a demo account and tutorials3.5/5MetaTrader, ZuluTrade, DupliTrade, and MyfxbookOfficial website
#7HYCMVirtual trading account and social trading tools 3.5/5 Best for professional investorsOfficial website
#8Octa FXMetaTrader and cTrader suites3.5/5Premium copy trading experience for professionalsOfficial website

TOP 8 Copy Trading Platforms in Overview:

#1 eToro: Best Copy Trading Platform in 2021

etoro-login

eToro is the leading social trading broker with transparent fees. It has top-tier licenses from the FCA and ASIC. eToro provides access to industry-leading services and professional platforms. It offers world-class social trading tools and some educational materials.

This broker offers an excellent online trading experience with a well-designed mobile app. It has a virtual trading account and dedicated research tools. eToro is a top choice for professional investors as it has limited market data.


#2 AvaTrade: Best Beginner-Friendly Copy Trading Platform In 2021

avatrade-logo

AvaTrade has an excellent offer with low spreads and trading fees. It offers an educational and research center with free courses and videos. AvaTrade has licenses from FSA, ASIC, and IIROC.

This broker has many trading platforms aimed at traders of all levels. It offers access to a beginner-friendly proprietary platform with copy trading features.


#3 XM: Best Copy Trading Platform With Versatile Learning Tools

xm-forex-logo

XM is a MetaTrader broker with beginner-friendly services and platforms. It has top-tier licenses from the ASIC, FCA, CySEC, and IFSC. XM provides access to leading educational content and market research.

This broker has both the MT4 and MT5 suites. These platforms are highly customizable and provide beginner-friendly copy trading services. XM’s platforms have helpful research tools, including trading signals.


#4 Pepperstone: Best Copy Trading Platforms With MetaTrader and cTrader suites

pepperstone-logo-1

Pepperstone is a secure forex and CFD broker with excellent platforms. It offers reliable customer service and trustworthy funding solutions. Pepperstone has licenses from the FCA, DFSA, and ASIC.

Pepperstone is a top choice for traders at all levels. It offers leading educational features and materials, including trading guides. This broker has many desktop and web platforms, including the MetaTrader suite. These come with valuable tools, including cTrader and copy trading.


#5 Vantage FX: Best Copy Trading Experience with MetaTrader, ZuluTrade, DupliTrade, and Myfxbook

Vantage FX is a top online broker with excellent mobile apps and educational tools. It has top-tier licenses from the ASIC and FCA. Vantage FX has access to the full MetaTrader suite and its copy trading tools.

This broker stands out from other MetaTrader brokers because of its many compatible 3rd party platforms. It offers the MetaTrader suite with SmartTrader tools. Vantage FX has social trading and copy trading services. It provides a demo account and tutorials to test its offering.


#6 IC Markets: Best Copy Trading Platforms With MetaTrader, cTrader, Myfxbook, and ZuluTrade

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

This broker uses the MetaTrader suite as its web and mobile platforms. Both are powerful and come with impressive customizability. IC Markets offers trading ideas, analytics, and sentiment indicators.


#7 HYCM: Best Premium Copy Trading Experience For Professionals

HYCM is a top MetaTrader broker with an expensive fee structure. It has limited research and educational tools. HYCM has licenses from CySEC, FCA, CIMA, and DFSA.

HYCM is a MetaTrader-only broker with a separate platform for its China and Hong Kong securities offering. It provides a virtual trading account and social trading tools. HYCM has some educational materials on its website.


#8 OctaFX: Best Copy Trading Platform For Professionals

OctaFX is a top choice for professional traders searching for excellent copy trading services. It is an industry leader in terms of affordable forex trading.

This OctaFX is a primarily MetaTrader broker with the MT4 and MT5 suites. It offers cTrader with the cAlgo platform. The copy trading tools available at OctaFX are excellent. The demo account allows traders to test the account functionality at OctaFX.


Final Verdict

eToro, AvaTrade, XM, Pepperstone, IC Markets, Vantage FX, HYCM, and OctaFX offer the best copy trading platforms in 2021. eToro is an industry leader for social trading services. AvaTrade is a top choice for new investors looking for platforms with dedicated learning centers. XM is a popular choice among new traders as its platforms are versatile and straightforward.

How to pick a copy trading broker?

Choosing a copy trading broker is straightforward if you pay close attention to specific criteria. Our in-depth reviews offer insights on the best copy trading brokers in 2021.

Fees

Each broker has a specific fee structure. Some brokers have expensive commissions, while others don’t charge much on trades. Inactivity fees are worth considering. Most brokers charge a commission for inactive accounts. Read our in-depth reviews to learn more about online brokers and fees.

Regulation

A trustworthy broker contributes to an excellent online trading experience. Top-tier licenses ensure that a brokerage firm follows specific rules and safety measures. Check our in-depth reviews to learn more about brokerage firms and licenses.

Customer Service

Customer service is essential in online trading. Access to rapid and knowledgeable customer support is more than necessary. Before choosing an online broker, you should check its customer service channels.

Funding

Funding a brokerage account must be straightforward and transparent. Each broker has its own deposit and withdrawal methods. Check our in-depth reviews for more information on brokerage firms and funding methods.

Copy Trading vs. Social Trading vs. Mirror Trading

New traders have to learn about the distinction between copy trading, social trading, and mirror trading. The differences between these trading methods are small but important.

Copy-trading lets users choose a strategy they want to follow. Copy-trading platforms offer helpful performance history and crucial data to help investors select the signal provider they want to copy.

Mirror trading is an old trading strategy that has been transformed into copy trading with big data. Users have to mirror the strategy of other investors without any manual input.

Social trading is a term under which both copy and mirror trading fall under. Social trading is a mix of the best trading aspects that let users chat and exchange ideas. The purpose is to create a community of global traders.

Frequently Asked Questions

We review copy trading platforms with real accounts and money. Our results depend on 105 criteria, including fees, ease of use, and safety.

Is Copy Trading Legal?

Copy trading is legal in most countries if the broker is properly regulated. Verifying a brokerage firm’s licenses is a must. Read our in-depth reviews to learn which copy trading brokers have top-tier licenses.

Is Copy Trading Working?

Copy trading is a popular online trading strategy. It works if you choose a secure online broker. However, this doesn’t guarantee your success. Learning about copy trading services and brokerage firms is a good start. Check our in-depth reviews for additional information on the topic.

How Do You Copy The Best Traders?

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


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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