| Updated: September 1, 2025Copy trading has become the go-to method for many Forex enthusiasts to engage in the global currency market. Having gained significant traction, particularly among novices, copy trading enables traders to learn from others and generate profits without needing extensive market knowledge or additional effort.
Forex brokers offering copy-trading services have made it easier for their users to connect with each other, share strategies, and benefit from the expertise of seasoned traders. If you are looking to use such a brokerage, you are welcome to check out the brands featured in this publication. Our team of experts has thoroughly assessed the performance of each broker in terms of its copy-trading capabilities and factors such as regulation, asset variety, security, and more.
Expert opinion by Christopher Lewis:The list below reveals the best Forex brokers for copy trading:
Top 7 Forex Brokers Where You Can Copy the Trades of Other Traders
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eToro
- Popular broker for social trading
- Trading is conducted on innovative in-house platform
- Offers both investing and trading products
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- ETF CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Share CFDs
- Stock CFDs
- US Stock CFDs
-
AvaTrade
- Minimum deposits from $100
- Licensed by 11 regulatory bodies
- Retail forex leverage of up to 1:400
Trading InstrumentsDeposit Methods- Bonds CFDs
- Commodities CFDs
- Crypto CFDs
- Crypto Options
- Energy CFDs
- ETF CFDs
- Forex CFDs
- Forex Options
- Index Options
- Indices CFDs
- Metals CFDs
- Share CFDs
- Stock CFDs
- Stock Options
- US Stock Options
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FP Markets
- Australia and CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
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Pepperstone
- Australia and CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
-
Axi
- Raw spreads start from 0.0 pips
- Offers order execution faster than standard ECN model
- Axi Select Funded Trader Program offers funding up to $1 million
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
-
IC Markets
- Offers 2,200+ tradable markets, including 61 currency pairs
- Leverage of up to 1:1000 in select jurisdictions
- EUR/USD spreads from 0.8 pips for standard accounts
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
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Vantage FX
- Broker offering some of the lowest spreads from 0.0 pips
- Operating in multiple markets under licenses from tier-1 regulators
- Provides a range of account types with great trading conditions
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
Brokers Compared by Spread
FX Brokers Deposit Method Comparison
| Brand | Minimum deposit | |
|---|---|---|
| eToro |  |
$50 or $100 based on country ($10 for the UK) |
| AvaTrade |  |
$100 |
| FP Markets | |
$50 (AU$100) |
| Pepperstone | |
$0 |
| Axi | |
$0 |
| IC Markets | |
$200 |
| Vantage FX | |
$50 |
Forex Brokers by Regulator
| Brand | Maximum leverage | |
|---|---|---|
| eToro | |
1:400 (CySEC | Pro Account), 1:30 (CySEC | Retail Account), 1:400 (FSAS | Retail Account) |
| AvaTrade | |
1:400 (Pro Account), 1:30 (Standard Account) |
| FP Markets | |
1:500 (CySEC | Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:500 (FSAS | Retail Account) |
| Pepperstone | |
1:500 (CySEC | Pro Account), 1:500 (SCB | Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:30 (DFSA | Retail Account), 1:30 (FCA | Retail Account), 1:200 (SCB | Retail Account) |
| Axi | |
1:500 (Elite Account), 1:400 (Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:30 (DFSA | Retail Account), 1:30 (FCA | Retail Account), 1:500 (SVGFSA) |
| IC Markets | |
1:500 (CySEC | Pro Account), 1:30 (CySEC | Retail Account), 1:1000 (FSAS | Retail Account) |
| Vantage FX | |
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (CIMA | Retail Account), 1:30 (FCA | Retail Account) |
Forex Brokers Platform Availability
| Brand | FX pairs to trade | |
|---|---|---|
| eToro | |
Proprietary |
| AvaTrade | |
MetaTrader 4, MetaTrader 5, Proprietary Web |
| FP Markets | |
cTrader, TradingView |
| Pepperstone | |
MetaTrader 4, MetaTrader 5, Proprietary Mobile, Proprietary Web |
| Axi | |
MetaTrader 4 |
| IC Markets | |
cTrader, MetaTrader 4, MetaTrader 5 |
| Vantage FX | |
MetaTrader 4, MetaTrader 5, Proprietary Web, TradingView |
Comprehensive Comparison of Forex Brokers with Social Trading
| Brand | Min. Deposit | Trading Platforms | Spread | Regulation | Trustpilot |
|---|---|---|---|---|---|
 |
$50 or $100 based on country ($10 for the UK) |
|
AVG 1 pips |
|
|
 |
$100 |
|
AVG 0.8 pips |
|
|
 |
$50 (AU$100) |
|
AVG 1.2 pips |
|
|
 |
$0 |
|
AVG 1.1 pips |
|
|
 |
$0 |
|
AVG 0.1 pips |
|
|
 |
$200 |
|
AVG 0.82 pips |
|
|
 |
$50 |
|
AVG 0.15 pips |
|
By leveraging the expertise of seasoned traders, individuals can make more informed investment decisions and potentially improve their trading performance. Moreover, copy trading has also created new opportunities for experienced traders to monetise their skills and share their knowledge with others.
The Main Principle of Copy Trading and How it Works
The main principle of copy trading is to replicate the trades of a more experienced trader, known as a signal provider, in real time. This is achieved through a trading platform that connects the signal provider with the copy trader, allowing the latter to mirror the trades of the former. The process typically involves the signal provider opening a trade, which is then automatically replicated in the copy trader’s account.
The copy trader can choose to allocate a specific amount of capital to the signal provider, and the trades are executed in proportion to the allocated amount. Copy trading platforms usually provide a range of tools and features, such as risk management, trade tracking, and performance analysis, to help copy traders make informed decisions.
Additionally, many platforms offer a rating system, which allows copy traders to evaluate the performance of signal providers and make informed choices. By automating the trading process, copy trading enables individuals to benefit from the expertise of others without requiring extensive market knowledge or trading experience. Furthermore, copy-trading platforms often provide real-time updates, allowing copy traders to monitor their trades and adjust their strategies accordingly.
Is There a Connection Between Copy Trading and Social Trading?
There is a significant connection between copy trading and social trading, as both concepts involve the sharing of trading ideas and strategies among individuals. Social trading platforms provide a community-driven environment, where traders can interact, share knowledge, and learn from each other. Copy trading is a natural extension of social trading, as it enables individuals to replicate the trades of others rather than just share ideas and strategies.
Many social trading platforms now offer copy-trading services, allowing traders to connect with each other and benefit from collective expertise. The connection between copy trading and social trading has created a new paradigm in Forex trading, where individuals can collaborate, share knowledge, and generate profits together.
By leveraging the power of social trading, copy trading has become a more accessible and effective way to trade the markets. Moreover, social trading platforms often provide additional features, such as forums, chat rooms, and blogs, which facilitate communication and knowledge sharing among traders.
Popular Trading Platforms for Copy Trading
Several trading platforms offer copy-trading services, including some proprietary software solutions of reputable brokers as well as third-party platforms. These software solutions provide a range of tools and features, such as trade tracking, risk management, and performance analysis, to help copy traders make informed decisions.
Here are some popular trading platforms among copy traders, along with their features and details:
- eToro: This is eToro’s proprietary platform, and it allows users to copy the trades of other traders. It has a large community of traders, with more than 10 million users, and offers a wide range of financial instruments, including Forex, stocks, commodities, and cryptocurrencies. eToro’s platform is user-friendly and offers a variety of tools and features.
- Zulutrade: Zulutrade is a social trading platform that facilitates the replication of the trades of other traders. It boasts a large community of over 1 million users, offering a wide range of tradable instruments, including Forex, stocks, and commodities. The Zulutrade platform is user-friendly and offers tools and features such as AutoTrader, Social Trading, and risk-management tools.
- DupliTrade: DupliTrade is another popular social trading platform that allows users to copy the trades of other traders. With more than 100,000 users, the platform offers access to a variety of financial instruments, including Forex, stocks, and commodities. DupliTrade’s platform is user-friendly and provides a broad selection of tools and features.
Is it Better to Copy Other Traders or Provide Signals for Copy Traders?
Whether it is better to copy other traders or provide signals for copy traders depends on individual circumstances and trading goals. Copying other traders can be a good option for novice traders, as it allows them to learn from experienced traders and potentially generate profits without requiring extensive market knowledge. On the other hand, providing signals for copy traders can be a lucrative opportunity for experienced traders, as they can monetise their skills and share their knowledge with others. However, providing signals requires a high level of trading expertise, as well as a strong track record of performance.
Additionally, signal providers must be able to manage the expectations of copy traders and provide regular updates and support. Ultimately, the decision to copy other traders or provide signals depends on individual trading goals, risk tolerance, and market knowledge. By considering these factors, traders can make informed decisions and choose the approach that best suits their needs. Moreover, many platforms offer a combination of both options, allowing traders to copy other traders and provide signals at the same time.
Is Copy Forex Trading Profitable and Should You Use It?
Copy Forex trading can be a profitable strategy, but it is not without risks. The profitability of copy trading depends on the performance of the signal provider, as well as the risk management strategies employed by the copy trader. By choosing a reputable signal provider and allocating a suitable amount of capital, copy traders can potentially generate profits. However, copy trading also involves risks, such as market volatility and the potential for significant losses. Therefore, it is essential to approach copy trading with caution and to carefully evaluate the risks and potential rewards.
Additionally, copy traders should regularly monitor their trades and adjust their strategies accordingly. By doing so, traders can minimise their risks and maximise their potential returns. Moreover, many platforms offer risk-management tools, such as stop-loss orders and position sizing, which can help traders manage their exposure and protect their capital.
Can You Adopt Different Trading Strategies While Copy Trading?
Yes, it is possible to adopt different trading strategies while copy trading. One popular approach is the trend-following strategy, which involves replicating the trades of a signal provider who specialises in following market trends. This strategy can be effective in capturing long-term market movements and potentially generating significant profits.
Another option is the scalping strategy, which involves replicating the trades of a signal provider who specialises in scalping. This strategy can be effective in capturing short-term market movements and potentially generating quick profits. Additionally, traders can adopt a range-trading strategy, which involves replicating the trades of a signal provider who specialises in range trading. This strategy seeks to capture price movements within a specific range and potentially generate consistent profits.
A further method is the breakout strategy, which involves replicating the trades of a signal provider who specialises in breakout trading. This strategy aims to capture price fluctuations when a currency pair breaks out of a predetermined range and potentially generate substantial profits.
By combining different trading strategies, copy traders can create a diversified portfolio and potentially increase their returns. Moreover, many platforms offer advanced trading tools, such as technical indicators and charting software, which can help traders analyse the markets and make informed decisions.
Advantages that Come with Forex Copy Trading
If you are wondering whether it is worth engaging in copy trading, you may consider the advantages that come with this form of Forex trading:
- Convenience: Copy trading allows traders to replicate the trades of experienced traders without requiring extensive market knowledge or trading experience.
- Diversification: Copy trading enables traders to diversify their portfolios by replicating the trades of multiple signal providers.
- Risk management: Copy trading provides a range of risk-management tools, such as stop-loss orders and position sizing, to help traders manage their exposure and protect their capital.
- Potential for high returns: Copy trading can potentially generate high returns by replicating the trades of successful signal providers.
- Access to expert knowledge: Copy trading provides access to the expertise of experienced traders who have a proven track record of performance.
- Time-saving: Copy trading saves time, as traders do not need to spend hours analysing the markets and making trading decisions.
Disadvantages that Come with Forex Copy Trading
While copy trading can be very useful in many cases, you should also take into consideration some of the disadvantages of Forex copy trading. These may include:
- Risk of significant losses: Copy trading involves risks, such as market volatility and the potential for significant losses.
- Dependence on signal providers: Copy trading depends on the performance of signal providers, who may not always generate profits.
- Lack of control: Copy trading involves a lack of control, as traders are replicating the trades of others rather than making their own trading decisions.
- Fees and commissions: Copy trading may involve fees and commissions, which can erode trading profits.
- Potential for scams: Copy trading may involve potential scams, where signal providers are not genuine or promote ineffective strategies.
- Over-reliance on technology: Copy trading may involve an over-reliance on technology, which can be prone to errors and glitches.
Things to Consider When Choosing a Forex Broker for Copy Trading
When selecting a Forex broker for copy trading, it is essential to consider several key factors to ensure a successful and profitable trading experience. These factors include:
- Reputation of the broker: Look for brokers with a strong reputation, regulatory compliance, and a track record of reliability.
- Range of signal providers: Choose a broker that offers a diverse range of signal providers with varying trading strategies and risk levels.
- Fees and commissions: Consider the fees and commissions charged by the broker and ensure they are competitive and transparent.
- Risk management tools: Look for brokers that offer robust risk-management tools, such as stop-loss orders and position sizing.
- Level of customer support: Choose a broker that provides excellent customer support, with multiple communication channels and a responsive team.
- Regulatory environment: Ensure the broker is regulated by a reputable authority, and complies with strict regulatory standards.
- Trading platform: Consider the trading platform offered by the broker and ensure it is user-friendly, reliable, and feature-rich.
By carefully evaluating the aforementioned factors, traders can choose a reputable and reliable Forex broker for copy trading and increase their chances of success in the markets.
Conclusion
In conclusion, Forex brokers offering copy-trading services provide a unique opportunity for traders to replicate the trades of experienced and successful traders. By understanding the main principle of copy trading, its connection to social trading, and the popular trading platforms available, traders can make informed decisions and choose the best broker for their needs. While copy trading involves risks, it can also be a profitable strategy, especially when combined with a range of trading strategies and risk-management tools.
Why You Should Trust RationalFX
When it comes to making informed decisions about forex brokers, it's essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2,500 reviews on Trustpilot, boasting a score of 4.2, it's clear that Rational FX has built a reputation for providing reliable and unbiased information.
What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers. This comprehensive approach ensures that every aspect of a broker's service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. You can reach us via e-mail at feedback@rationalfx.com or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.