Compare the best copy trading platforms in 2022

Copy trading has grown in popularity in recent years and is an easy way to replicate the trades of professionals. Compare the best copy trading platforms in this guide.
By: Prash Raval
Prash Raval
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or… read more.
Updated: May 12, 2022

Copy trading is a form of social trading, where you follow the trades of other people. Many brokers now offer copy trading features that make it easy to see what other people are doing and copy the trades you like. This page picks out the best copy trading brokers and explains how to compare them.

What are the best copy trading platforms?

Sign up to a top copy trading platform right now by using the links in the table below. Our experts have ranked these platforms according to a rating system which you can find further down the page. To find out more about each platform’s pros and cons, scroll down.

1
Min. Deposit
$10
Promotion
User Score
10
Award-winning Cryptocurrency trading platform
14 Cryptoassets available to invest in
FCA & Cysec regulated
Start Trading
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
CySEC, FCA
2
Min. Deposit
$200
Promotion
User Score
9.3
Copy and Social Trading Platform open to 50 Top notch Brokers
Regulated in EU and Japan
Advanced Trading Strategies to Copy
Start Trading
Payment Methods:
Bitcoin, China UnionPay, Mastercard, QIWI, Visa, neteller, skrill
Full Regulations:

Top copy trading platforms

1. Best overall – eToro

eToro is a pioneer when it comes to copy trading and introduced the feature back in 2010. It’s the largest social trading network in the world and its CopyTrader platform lets you copy any trader’s strategy or positions in real-time. eToro makes it easy to select the best accounts to copy and includes a leaderboard of its most profitable traders. 

Users of eToro’s CopyTrader platform can select traders to follow based on a variety of different criteria such as long term, short term, and asset class among others. eToro has a wide range of instruments available including forex, stocks, indices, commodities, and crypto. For users wanting a convenient way to copy successful traders, eToro’s platform is a top choice. 

Sign up with eToro >

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money 

Pros

  • Leaderbord of top traders to copy
  • Wide range of assets available
  • No charge for copying other traders
  • Low spreads and commissions

Cons

2. For beginners – Skilling

Skilling offers copy trading via its cTrader platform. It’s a web based service that beginners can start using very quickly and easily. On Skilling cTrader there are over 1000 professional strategies available to mirror. Its search functionality makes it easy to find the best accounts to copy while filtering certain criteria such as asset class, long term, or day trading. 

There are lots of other features of cTrader that make it a top choice for beginners. First is its risk management tool that can automatically protect your account. Next its ultra-fast execution time of just 0.05s, meaning copied trades have very little delay. Finally it allows you to copy trades from many different assets like stocks, forex, and indices.

Sign up with Skilling >

Pros

  • Over 1000 professionals to copy
  • Ultra-fast execution 
  • Risk management tools 
  • Searching for accounts to copy is very easy

Cons

3. For experienced investors – Pepperstone

Spread betting and CFD broker Pepperstone has an automated copy trading platform that’s best suited to experienced investors. Known as ‘Duplitrade’, it allows investors to copy the positions from a portfolio of robust providers via the popular MetaTrader 4 platform. Pepperstone has a wide range of assets from stocks and shares to forex and crypto. 

Setting up Duplitrade takes a little bit of time but can be completed in a few steps. First users need to create an account with Pepperstone. Next an account needs to be registered with Duplitrade, before contacting support who will link the accounts to enable trade copying. Pepperstone’s minimum deposit amount of $5000 makes it a suitable platform for traders who have some experience.

Sign up with Pepperstone >

Pros

  • 1200 + financial instruments available
  • Popular Metatrader 4 platform 
  • CFD and spread betting 
  • Low spreads depending on account type

Cons

4. Best for advanced features – Zulutrade

Zulutrade differs from most copy trading platforms in that it does not offer any brokerage services and focuses solely on social or copy trading. Its one of the best regarded social trading networks and has a number of advanced features. As its not a brokerage platform, users of Zulutrade need to register with a broker such as those in the table above first. 

One of its key aspects is a tool called ‘Zuluguard’ which gives users extra protection. Its custom software monitors the trades of its providers and automatically shuts them down if they show signs of deviating from their strategy. Another feature is ‘Automator’. This allows anyone to fully automate their strategy including both copiers and providers.

Sign up with ZuluTrade >

Pros

  • Traders ranked according to performance
  • Numerous advanced features and tools 
  • Easy to search for profitable traders to copy
  • Suitable for both beginners and experienced users

Cons

What is a copy trading platform?

It’s a platform that allows users to copy the financial trades of other users. Also referred to as social trading platforms, they have risen to prominence in recent years and are an ever increasingly popular way to trade the markets. Both novice and experienced traders can use a copy trading platform – Beginners can copy professionals, while professionals can earn extra money by allowing their trades to be copied. 

How does a copy trading platform work?

Most copy trading platforms belong to brokers and are an additional service they offer. A copy trading platform is simple in the way it works. It allows one trader to copy the trades of another trader. Usually it’s a newer trader who copies an experienced professional. When the professional takes a trade, it will be copied exactly into the newer traders account. 

Copiers have complete control over many aspects other than the trade. When copying another trader you can control how much of your account you are prepared to risk, what assets you want to copy, and how many different providers you want to copy. Most copy trading platforms have some sort of leaderboard or ranking system that selects the best performers with the most followers.  

How should I choose a copy trading platform?

  • Fees. While most copy trading platforms are free to use, there are usually other costs involved that can quickly add up. Spreads and commissions need to be considered especially if you plan to copy a lot of trades. 
  • Reliability. Copying another trader’s positions will only work if the platform you use is reliable and secure. If you’re planning to copy other traders then you’ll need to make sure you find a platform that works well in all market conditions. 
  • Choice of assets. Copy trading initially was focused on the forex market, but in recent times has shifted to include all markets. You can diversify your trading portfolio easily by copying providers from all different asset classes. 
  • Number of users. The best copy trading platforms have lots of users. Not only does a lot of users give confidence in the platform’s ability, but it gives a wider choice of finding a profitable provider. 
  • Access to leverage. Leverage is a way to magnify your gains and losses. If you find a provider who is consistently profitable then one way to maximise your gains is through using leverage. 
  • Mobile app. Most platforms have mobile apps these days and finding a copy trading platform with one is recommended. When you use a mobile app you’ll be able to track your positions even when you’re on the go. 
  • Additional features. Some copy trading platforms are simple and have a few features. Others have lots of extras like account protection and customisation. FInding a copy trading platform with extra features can help improve your experience. 

Should I use a copy trading platform?

It depends on your own circumstances but it can be a good idea to use one. Copy trading has benefits for all types of investor. Newer investors can use a copy trading platform to generate profits while still learning. Experienced investors can use one to earn extra income by providing trades for others. 

Although copy trading platforms have their benefits they dont come without risk. There is always the risk of finding a profitable account to follow that one day stops being profitable. It is also easy to get carried away and copy lots of different accounts which could lead to lots of open positions in different markets and directions. Copying just a few accounts is recommended. 

Pros and cons of copy trading platforms

If you’re still not sure if you want to use a copy trading platform then the pros and cons list below can help you decide.

Pros

  • Earn profits while still learning
  • Copy trade is usually free
  • You can copy traders in all different asset classes 
  • The best platforms make it easy to analyse top performers

Cons

What are the fees for copy trading platforms?

Every platform will have its own fee structure so its best to check before joining one. However most tend to be free to use and make money through things like spread and commissions. Some platforms charge additional fees if you want a premium service. 

FAQs

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Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.