Compare the 7 best social copy trading platforms in 2023

We asked our panel of trading experts to rank and review the best copy trading platforms and social networks. Read on to find out which broker came out on top.
By:  & 
Reviewed by
Updated: May 10, 2023

Our experts ran a series of tests on all the leading social and copy trading services to put together a definitive list of the best options. We rated each trading platform according to its cost, how many other users there are, and how easy it is to verify each trader’s track record.

Best social trading networks for copy trading overall for 2023

  1. eToro: Best for beginners, copy-trading & demo-account
  2. Public: Best for sharing beginner trading ideas

What are the best copy trading platforms?

These platforms offer the best trading experience and you can sign up right now by following any of the links below. To find out what each platform is best for, scroll down to keep reading.

Min. Deposit
$ 10
Best offer
User Score
Award-winning Cryptocurrency trading platform
14 Cryptoassets available to invest in
FCA & Cysec regulated
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:

77% of retail CFD accounts lose money.

Min. Deposit
$ 200
Best offer
User Score
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 7 social copy trading platforms, reviewed

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


No. assets


Minimum deposit


Platform type

Pros & Cons

Popular ‘Copytrader’ function so users can follow top traders Mobile platform has great functionality Minimum first time deposit of $200 Expedient customer service, with live chat support provided Over 2,000 CFDs available to trade
Does not provide the MetaTrader platform High spreads on some assets Comparatively high fees for withdrawals and account inactivity


We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.

77% of retail CFD accounts lose money.

2. Public. Best for sharing beginner trading ideas logo


No. assets


Minimum deposit


Platform type

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds


We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

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.

The best copy trading platforms for your needs

What’s the best social network for traders?

Zulutrade has the best social trading features. It is not a broker itself, but like a live trading feed that integrates with your brokerage account.

What is the best copy trading platform?

eToro, thanks to its unique CopyTrader feature. eToro’s CopyTrader is like a social media feed plugged into your trading account, where you can copy positions from your feed to your account at the touch of a button.

Which platform is best for copying forex trades?

AvaTrade is best for copy trading forex. You can copy trades directly or link your account to a social trading network, like Zulutrade, and add trades to your account from there.

What is the best platform for copy trading crypto?

eToro. It offers a wide range of cryptocurrencies along with a quality copy trading service. You can trade 70+ crypto coins, including the most popular digital assets, Bitcoin, Ethereum, and Dogecoin.

What is the best platform for copy trading stocks?

Zulutrade, because you can connect it to any leading stock broker and access thousands of stocks. You can find hundreds of traders to follow, all with an in-depth knowledge of the stock market.

What is a social trading platform?

Social trading platforms are stock brokers that allow users to take advantage of a wide range of ‘social’ features, such as viewing others trading strategies, or copying their trades. These services offer a trading experience that’s more tailored to new or casual traders, with more experienced investors offering their advice and expertise for others to follow.

What is social trading?

It’s 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. It’s a good way for beginners to learn from more experienced users by following the thought process that makes them buy or sell an asset, or seeing a particular trading strategy in action.

If you would like to learn more and create your own trading strategies, on this site you can also find other interesting articles written by our finance experts, related to the best day-trading platforms, the top trading apps and more.

How does social trading work?

Social trading works by offering a platform for beginners and experienced traders to interact. Professional traders can post their trades and other users can comment on each one, or copy them to open their own position immediately.

Similar to social networks like Instagram or Twitter, users are able to gain followers by offering the best content. Traders who prove themselves with the best performance over a long period of time can end up with a large number of followers.

Often the trader can make money based on the number of people following each trade. Sometimes by charging for access to their trades, other times the platform pays them a commission based on the amount of trades that are copied.

What is copy trading?

It’s the act of copying another investor’s trades straight to your brokerage account. Ideally, the other investor is more experienced and successful than you. 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.

Many copy trading brokers allow you to audit each person’s track record, so you can find and follow only the most successful traders.

Quick answers to key questions

Is social trading the same as copy trading?

They are similar but with social trading the emphasis is on the social: these platforms give you the chance to interact and share ideas with other users, like a social network. Copy trading is a more transactional form of trading where you can simply copy someone else’s trades onto your own account.

Copy trading can be manual, where you follow another trader on a social trading network and copy the positions you like. It can also turn into mirror trading, which is essentially an automated version of this process. You can set up alerts or trading signals through an algorithmic trading service and simply copy every trade it sends you to your own broker account.

Is mirror trading the same as copy trading?

Yes, but mirror trading is automatic while a copy trading method is manual. Mirror trading is when you set up your account to automatically follow all the trades from another trader’s account. Copy trading, meanwhile, involves more manual selection: you follow a trader and decide which trades to copy.

Mirror trading is most common in the forex markets. Some people choose to set up their account to automatically copy trade forex positions from more experienced currency trader. However, it isn’t exclusive to forex, you can also use the same method to copy trade stocks or crypto.

How much does it cost to use a copy trading broker?

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.

Which is the best social investing network?

eToro is the best social investment network. It has millions of copy traders from 140 countries around the world, which makes it a fertile ground for sharing ideas and trade suggestions.

Again, eToro is the most popular copy trading app. It gives you the chance to audit any user you want to copy trades from to check that they have a strong track record. This has helped it attract millions of new users to the platform.

Do I need any copy trading software?

No, you don’t need 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?

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.

How should I choose a social trading platform?

The most important thing is to look for a broker with social or copy trading features. That means the ability to audit other users and their trading record so that you only follow the most successful traders.

  • Fees. Pick a platform that charges the lowest trading fees. While the social network aspect is usually free, you may have to pay to place trades. This is very important if you plan to make a lot of trades.
  • Choice of assets. Social trading platforms initially became popular as a way of copy trading forex markets. However, as time has progressed most copy trading software now lets you trade lots of assets and you’ll need to make sure what you want to trade is available. You can copy trade crypto, stocks, or currency markets, so there are lots of options.
  • Reliability. When copying a trade there will be a slight delay before it’s executed on your platform. This could mean you get a worse price than advertised by the trader. Read customer reviews on each platform to get an idea of how reliable and fast its trading service is.
  • Number of users. Platforms with the highest number of users tend to be the best and offer the widest choice of traders to copy or learn from. You’ll find it easier to search for profitable traders to copy for each specific asset class you wish to trade. Connecting with other users via the platform is also a much smoother process. 
  • In depth trading history and information. If you plan to use a social trading platform to copy other users, you will find it beneficial to have as much information about their trading history as possible. When choosing a copy trading service, it’s important to look out for one that offers in-depth history for all of its traders on the network. 

Should I use a social trading platform?

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 social trading


  • 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



What assets can I trade on a social trading platform?
How do copy trading brokers make money?
Is social trading safe?
Can I make a lot of money through social trading?
Can I copy cryptocurrency traders?
Is copy trading profitable?
How profitable is copy trading?
Does Zerodha have copy trading?
Is copy trading legal?

Sources & references
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.
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.