Top 7 Best Social Copy Trading Platforms in 2025

We test and review the best copy trading platforms and social networks.
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Reviewed by
Updated on Nov 7, 2024
Reading time 6 minutes

Over the past decade, social copy trading platforms have emerged as game changers, allowing traders of all experience levels to capitalize on the expertise of successful investors.

This beginner-friendly guide includes a list of the best copy trading platforms & social trading networks available today, based on their user-friendliness, the quality of traders on offer, and the range of available markets. 

Each platform has been rigorously tested, including live trading simulations, assessing accuracy, and evaluating risk management strategies.

The result is a definitive list of the best copy trading platforms available today. 

Best social trading networks for copy trading for 2025

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  1. eToro: Best for beginners, copy-trading & demo-account
  2. Public: Best for AI analysis

We found 6 online brokers for users based in

1. eToro. Best for beginners, copy-trading & demo-account

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4.5
Ratings

$100

Min. deposit

0% commission

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s a crypto trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of 100 cryptocurrencies includes big names like Bitcoin and Ethereum, as well as smaller crypto tokens with high growth potential. Some supported tokens can be seamlessly transferred to the eToro Money crypto wallet for safekeeping.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. eToro crypto’s Smart Portfolios offer a great entry point into digital currencies, an opportunity to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across the 100 crypto tokens available.

Highlights

Fees & Costs

Pros & Cons

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2. Public. Best for AI analysis

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public.com logo
4
Ratings

$20

Min. deposit

Spreads

Fees

9,000

No. assets

No

Demo account

Overview

We love Public because it makes use of cutting-edge AI technology to enhance your trading and investing experience. Public’s AI-powered feature, Public Alpha offers personalized insights and recommendations through its natural language interface in real time. 

Public’s AI technology helps you make more informed decisions by analyzing massive amounts of data and providing actionable insights. These AI-driven insights are easily accessible and give users access to the latest advancements in crypto analysis and trading. 

Not only do can you use AI to help your crypto investments, Public is one of the lowest cost brokerage firms out there. You can invest in a selection of cryptocurrencies without breaking the bank or having to invest large sums. Public charges 1.25% of your order amount, which is considerably cheaper when compared to similar platforms. 

The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours. Alternative investments, including cryptocurrency, are charged a 1.25% fee per transaction.

Highlights

Fees & Costs

Pros & Cons

Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

Social trading and copy trading: What’s the difference?

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Social trading is a form of trading that works like a social network. Traders interact with each other, use those interactions to improve their trading strategy, and copy each other’s trades. 

Copy trading, meanwhile, is the act of copying another investor’s trades straight to your brokerage account.

Ideally, the other investor is more experienced and successful than you in the financial markets. It’s a way for new traders to start following a profitable trading strategy without doing the research themselves.

Copy trading often goes hand in hand with social trading, as you can use one of these platforms to curate your own feed, like a social media network.

Each trader posts trade ideas, with some reasoning that explains why they’ve made a particular move, and you can then copy that trade straight to your own account.

Most of what I’ve covered on this page relates to copy trading, because that’s at the core of a good social network: no one wants to join a community of traders who all lose money!

How much does it cost to copy trade?

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The best copy trading platforms do not charge any fees for copying other traders. It’s normally possible to join a network for free and you can browse and copy other users without incurring a charge.

However, there may be a minimum deposit that you have to meet in order to open an account. For example, a social trading platform may allow you to copy other traders for free, as long as you deposit a minimum of $200 into your trading account. 

If you want to mirror trades (mirror trading is where trades are copied automatically to your broker account) then there is sometimes a fee. You should also account for brokerage fees, which will vary depending on the copy trading platform you use. Here’s a closer look:

Fee eToro fees Plus500 fees
Trading fees Yes, on certain assets No
Inactivity fees Yes Yes
Rollover/overnight fees Yes, on CFDs Yes
Withdrawal fees Yes No
Spreads Yes, on certain assets Yes
Conversion fees Yes, for non-USD currencies Yes
View more > eToro > Plus500 >

Do I need any special software to copy other people’s trades?

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No, the best social trading platforms do no require you to download anything.

You can copy trade from web browser or mobile app, all you need to do is sign into your account.

Can I copy trade via MT4?

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Yes, you can copy trades to your broker account through the MetaTrader 4 software.

Most brokers integrate with MT4, the software simply gives you more freedom to analyse the market and learn trading strategies.

Is copy trading regulated?

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Yes, copy trading is regulated in many jurisdictions, as it falls under the broader umbrella of financial services and investment advice. Regulatory bodies aim to ensure that copy trading platforms and signal providers operate transparently and ethically, protecting the interests of retail investors.

In the United States, the Commodity Futures Trading Commission (CFTC) oversees the regulation of copy trading services, particularly in the forex market and commodity futures trading.

Other regions, like the European Union, have similar regulatory frameworks from agencies like CySEC and the FCA in place to govern copy trading activities and ensure consumer protection. Here’s a look at the regulatory status of the best copy trading platforms in 2025.

Region eToro regulators Plus500 regulators
Africa FSA
Asia
Australasia ASIC ASIC, FMA
Europe FCA, CySEC FCA, CySEC
International
North America FinCEN
South America
View more > eToro > Plus500 >

Can you copy trade in the USA?

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Yes, copy trading is available to traders in the United States, but it is subject to regulatory governance by agencies like the Commodity Futures Trading Commission (CFTC). Forex copy trading and cryptocurrency copy trading are allowed, but providers must comply with relevant regulations to operate legally in the US market.

How to choose a copy trader & join a social network

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1. Research the top social networks

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Take the time to find a reputable and user-friendly social network that offers a diverse range of seasoned traders, trading instruments, and risk management tools.

Look for platforms catering to your preferred markets, such as forex copy trading, stock trading, cryptocurrency copy trading, or CFD trading.

2. Analyse each trader’s history and performance

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Next you should evaluate the past performance, profitable trades, average trade duration, and established track record of potential copy traders or signal providers.

Check if their trading style and investment strategy align with your goals and risk tolerance. 

Many of the best copy trading platforms have leaderboards. For example, you can easily find the best traders to copy on eToro using our handy guide. 

3. Consider trader activity and engagement

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Assess how frequently the trader executes trades, their average trade duration, and their level of transparency in sharing trading ideas and market analysis.

An active and engaged trader can provide valuable insights and help you decide if they are the right person to copy trade. 

4. Review risk management practices

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This is an important step. Make sure you ensure the copy traders prioritize proper risk management settings and employ effective techniques to protect their trading accounts.

Look for traders who demonstrate a solid understanding of risk management principles.

5. Test with a demo account

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Many top copy trading platforms offer demo accounts where you can practice.

I highly recommend you copy trades to a practice account and properly evaluate a trader’s performance before you decide to follow them for real.

6. Follow multiple traders to reduce your risk

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Consider copying multiple traders with diverse strategies and risk profiles to diversify your portfolio and potentially generate profits across different market conditions.

This can help mitigate the impact of any single trader’s underperformance.

What markets can I copy trade?

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Copy trading is available across various financial markets, allowing you to replicate the strategies of successful investors in multiple asset classes. Some of the most common markets where copy trading is offered include forex, stocks, cryptocurrencies, and commodities. 

Here’s a look at the available markets on the most popular copy social platforms:

Product eToro assets Plus500 assets
Stock CFDs 3117 1,800+
ETF CFDs 317 100+
Forex CFDs 49 50+
Crypto 73
Index CFDs 20 20+
Commodity CFDs 26 20+
NFTs 100,000
View more > eToro > Plus500 >

Exact figures may vary. NFTs are accessed through Delta, an NFT explorer app which is owned and operated by eToro.

Should I use a social trading platform?

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Social trading platforms are great for beginners. It’s a lot easier to learn by following the decisions of more experienced traders, and you can make money along the way.

Most social trading platforms offer a simple copy trading option and you can automate your trades if you want.

Experienced traders should also consider the benefits of social trading platforms. Professionals are able to earn passive income from allowing other users to copy their trades. Or they can increase their profits by copying or engaging with other traders who have a profitable track record. 

All these platforms also let you track your own performance. This makes it easy to keep tabs on your copied trades and profits.

It’s possible to build a diversified portfolio of the best traders on each network and copy trades from different assets. Using online copy trading brokers means you spread your money around different investments while profiting from someone else’s expertise. 

Pros and cons of copy trading

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Pros

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  • Beginners can learn faster by copying the pros
  • It’s easy to set up an account and start trading 
  • You can copy or follow traders who focus on a range of different asset classes 
  • The best copy trading brokers make it easy to analyse top performing traders

Cons

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FAQs

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01

Is social trading the same as copy trading?

02

Is mirror trading the same as copy trading?

03

How do copy trading brokers make money?

04

Is social trading safe?

05

Can I make a lot of money through copy trading?

06

Can I copy cryptocurrency traders?

07

How profitable is copy trading?

08

Does Zerodha have copy trading?


Sources & references

Prash Raval

Prash Raval

Financial Writer

  • Forex
  • Trading
  • Stocks
  • Investing
  • Football
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while running an educational service helping novice traders learn the markets. He has a keen interest in micro and small cap stocks....