Top 10 Copy Trading brokers
3 mins read

Top 10 Copy Trading brokers

Comparing multiple platforms, especially for specific features like copy trading, range of instruments, trading tools, user experience, customer support, and overall reputation. Below is a comparative analysis of IQcent, Videforex, Binarycent, RaceOption, Deriv, Moneta Markets, Hirose Financial, CWG Markets, FPG, FXCM, and TMGM with a focus on their copy trading capabilities and other relevant aspects.

1. IQcent

  • Copy Trading: Offers copy trading features, allowing users to mimic the trades of more experienced traders.
  • User Base: Attracts those interested in binary options and smaller trades.

2. Videforex

  • Copy Trading: Features copy trading services, making it suitable for beginners looking to learn from others.
  • User Experience: Known for user-friendly interfaces and customer support.
  • Assets: Provides a range of assets for binary options, forex, and CFD trading.

3. Binarycent

  • Copy Trading: Offers a copy trading tool, allowing users to follow the strategies of successful traders.
  • Minimum Deposit: Low minimum deposit, appealing to smaller traders.
  • Focus: Binary options, forex, and CFDs.

4. RaceOption

  • Copy Trading: Includes copy trading features alongside contests and bonus programs.
  • Withdrawals: Claims to offer fast withdrawal processing.
  • Trading Options: Offers binary options, forex, and CFD trading.

5. Deriv

  • Copy Trading: Provides DBot for automated strategy trading, but not traditional copy trading.
  • Platform: Offers a range of platforms, including DTrader and SmartTrader.

6. Moneta Markets

  • Copy Trading: Not specifically advertised; the platform focuses more on forex and CFD trading.
  • Platform: Proprietary web-based platform known for its user-friendly interface.

7. Hirose Financial

  • Copy Trading: Not a primary feature; known more for forex and binary options trading.
  • Focus: Strong focus on forex market offerings.

8. CWG Markets

  • Copy Trading: No specific focus on copy trading but offers various trading instruments and tools.
  • Trading Instruments: Wide range of assets including forex, indices, and commodities.

9. FPG

  • Copy Trading: Does not specifically advertise copy trading services.
  • Focus: Mainly on forex and commodities with various account types.
  • User Base: Caters to different trader needs with a range of account options.

10. FXCM

  • Copy Trading: Offers access to copy trading services through third-party platforms like ZuluTrade.
  • Tools: Provides robust trading tools and educational resources.

11. TMGM

  • Copy Trading: No direct copy trading feature advertised, but offers a wide range of instruments and advanced trading tools.
  • Platform: Access to popular platforms like MT4 and IRESS.

Top Copy Trading Brokers:

For traders specifically interested in copy trading, platforms like FXCM that offer access through third-party services might be more appealing. While many of these platforms offer tools and features conducive to various trading strategies, not all focus specifically on copy trading.

Conclusion:

While platforms like Videforex, Binarycent, and RaceOption promote their copy trading features, a trader must also consider platform security, asset diversity, and overall trading costs. Always ensure to conduct thorough research, read user reviews, and understand the associated risks before engaging in copy trading or any other trading activities.