Forex Copy Trading Software

Here are the forex brokers with the best copy trading platforms:

Broker Our Rating Regulation Standard
EUR/USD Spread
Standard
GBP/USD Spread
Standard
AUD/USD Spread
Raw
EUR/USD Spread
Raw
GBP/USD Spread
Raw
AUD/USD Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
98 SCB, ASIC
FCA, CySEC
1.10 1.40 1.20 0.10 0.40 0.20 $3.50 77ms $0 62+ 12+ 30:1 500:1 Visit Site
43 ASIC, CySEC, MFSA
FCA, FSA, FINRA
GFSC
1.0 2.0 1.0 - - - - 130ms $200 (Australia), $50-$100 (EU) 49+ 46+ 30:1 400:1 Visit Site
85 ASIC, FSA-S
CySEC
0.62 0.83 0.77 0.02 0.23 0.17 $3.50 134ms $0 61+ 18+ 30:1 500:1 Visit Site
80 ASIC,CySEC
FSCA,FSA-S,FSC-M
1.1 1.3 1.3 0.10 0.20 0.20 $3.00 225ms $100 70+ 10+ 30:1 500:1 Visit Site
82 ASIC, VFSA, FSA-S 0.93 1.08 0.92 0.13 0.21 0.12 $2.25 79ms $0 90+ 10+ 500:1 500:1 Visit Site
 

Which Is The Best Forex Copy Trading Software In UAE?

The best forex copy trading software in UAE is eToro’s copy trader because it provides an all-in-one approach to copy trading, being both the platform and broker. Below are the key features that I think make it the best:

1. Pepperstone Best Range Of Copy Tools Overall

Pepperstone

Forex Panel Score

98

Average Spread

EUR/USD = 0.1
GBP/USD = 0.4
AUD/USD = 0.2

Trading Platforms

MT4, MT5, cTrader,
TradingView, Capitalise.ai

Minimum Deposit

$0

Why We Recommend Pepperstone

We liked what Pepperstone offers for traders with a range of copy trading tools, such as MetaTrader Signals, DupliTrade, Pelican, and MyFxBook AutoTrade, tailored to your location. This allows you to mirror seasoned traders’ strategies and boost your returns. A free demo account is also available, letting you test-drive the right account type and copy trading program for your forex trading needs.

Pros & Cons

  • Ultra-tight spreads
  • Fast execution speeds
  • Diverse copy trading options
  • No guaranteed stop loss order is available
  • Can only copy trade via MT4
  • Education resources need updating

Broker Details

Pepperstone Has A Good Selection Of Mirror Trading Platforms To Choose From

We’ve had the opportunity to trade with Pepperstone, a broker that originated in Melbourne, Australia, in 2010 and has since made quite a name for itself in the forex trading space. Boasting tier-1 regulation and offering a host of trading platforms and tools along with tight spreads and low fees, Pepperstone undoubtedly ranks among the top-notch forex brokerage services available today.

Forex Spreads & Trading Accounts

At Pepperstone, traders can opt for one of two account types, which will influence the CFD and forex spreads available to you—the Razor Account and the Standard Account. While it’s not mandatory, the broker does suggest a minimum initial deposit of $200.

If you want to manage the high risk of forex and CFD trading, Pepperstone offers flexible lot sizes. Both Razor and Standard account types are able to trade standard, mini, and micro lot sizes.

pepperstone account types brief uae
Standard Account: Commission-Free Forex Trading

The broker’s standard account is ideal for beginner traders, as you pay no commission fees on top of the spread. Minimum spreads are competitive for major currencies like the EUR/USD, starting from 1.0 pip.

As shown in the table below, Pepperstone offers the lowest no-commission spreads for the majority of currency pairs. The broker provides average spreads of 1.34 and 1.35 pips for the EUR/GBP and EUR/JPY, respectively, while FXTM’s (ForexTime) spreads are more than an entire pip wider, averaging 2.40 pips for the same fx pairs.

Pepperstone Standard Account: Average Spreads
1.10 1.40 1.60 1.40 2.00
1.70 1.60 1.40 1.70 2.50
1.20 1.60 2.80 1.90 2.30
1.32 1.40 3.19 1.37 1.87
1.20 1.20 2.70 1.50 1.70
2.10 2.50 2.10 2.10 2.50
1.20 1.50 2.30 1.50 2.80

Avg. spreads are taken from each broker's website and updated monthly. Last update on 02/01/2024

Razor Account: ECN-Style Forex Trading

For more seasoned traders, the Razor Account offers an ECN-like environment with razor-thin spreads that can go as low as 0.0 pips.

When comparing top brokers’ average spreads, Pepperstone offers a significantly tighter spread than competing brokers. Forex traders are provided average spreads of 0.16 pips for the EUR/USD and 0.27 pips for the AUD/USD. This account is perfect for more experienced professional traders because they can take advantage of the low spreads to make better margins.

Pepperstone Razor Account: Average Spreads
0.10 0.20 0.60 0.40 0.60
0.30 0.50 0.60 0.50 0.60
0.50 0.70 0.50 0.50 0.80
0.44 1.23 1.08 0.77 1.41
0.20 0.40 0.60 0.30 0.70
0.52 0.80 0.65 0.70 1.13
n/a 0.50 0.20 n/a 0.30

Avg. spreads are taken from each broker's website and updated monthly. Last update on 02/01/2024

Pepperstone Spread Comparison

 

Pepperstone Commission Fees MT5 Copy TradingAs you are trading institutional-grade spreads, Razor account holders pay a flat-rate commission fee that varies between trading platforms:

  • cTrader: Commission fees equate to 0.0035% of the base currency of the forex pair being traded. For example, if you are trading 100,000 units of the EUR/USD, you will pay €3.50 per side; if you are trading the GBP/NZD, you will pay £3.50 per side.
  • MetaTrader 5: $3.50 USD/3.50 AUD/303 JPY/4.75 NZD/4.55 SGD/28.17 HKD/3.5 CAD/2.61 EUR/2.29 GBP/3.30 CHF per lot.
  • MetaTrader 4: Commission fees are the same as MT5 unless your trading account’s base currency is the United States Dollar (USD); in that case, you pay a commission fee of $3.76 USD per lot.

All of Pepperstone’s trading platforms offer an excellent range of CFDs and trading tools for strategy development and risk management:

  • Diverse financial markets: You gain access to a good range of CFD and foreign exchange markets (forex, indices, commodities, cryptocurrencies, shares and currency indices).
  • Algorithmic trading tools: MT5 and MT4 platform users can automate trading with Expert Advisors using MetaQuotes programming languages (MQL5 and MQL4). cTrader users can achieve automation through cBots, developed using C#.
  • Risk management tools: Different order types help manage the high risk that comes with participating in volatile CFD and forex markets. Pending orders, stop losses and take profits can be used to minimise losses and maximise profits (available order types vary between platforms).
  • Social and copy-trading tools.

Pepperstone Platforms Copy Trading

Pepperstone’s Copy Trading Platforms

Regardless of your level of experience, copy trading strategies can reduce the time you spend conducting analysis, monitoring markets, and placing orders. The platforms available to copy trade with Pepperstone depend on where you live.

In the UK and Europe, you can use MetaTrader’s proprietary mirror trading service (Trading Signals) or third-party copy/social trading platforms:

  • Trading Signals: MetaQuotes proprietary MQL5 copy trading software is an inbuilt feature of both MT4 and MT5, meaning you can manually copy trade from the same platform. The software is easy to use, allowing you to simply copy the real-time strategies of thousands of different experienced traders (signal providers). When searching for trading strategies to copy, you can view past performance and riskiness so you can find signal providers that suit your risk appetite and investment objectives.
  • Pelican: The third-party automated trading system where you trade directly within the Pelican platform through your Pepperstone account. As well as copying signal providers, you can utilise many best social trading brokers features, like chatting with other Pelican users, joining and creating groups, and following other forex traders through a news feed.
  • DupliTrade: Integrable into your MT4 platform and account, DupliTrade is user-friendly and, consequently, a popular choice for copy trading with Pepperstone users. DupliTrade’s marketplace offers a diverse range of strategy providers to copy. Although the trade copier service only accepts experienced and successful traders as signal providers, you can still access signal providers’ records and trading history to ensure they align with your goals and risk tolerance. Similarly, DupliTrade is well-respected as it only collaborates with 9 of the world’s best brokers.

Pepperstone Signal Providers Copy Trading

If you live outside of the UK and Europe, you can use these third-party mirror trading providers:

  • MyFxBook: AutoTrade is an automated trading system where you can copy the forex trades of successful traders, handpicked for their skill and experience. You can explore signal providers through different filters, including average or lifetime gains, trading styles and the number of overall subscribers. You are provided detailed and sophisticated statistics when comparing forex trades to copy, giving you control of your trading account while automating trading.
  • MetaTrader Signals
  • DupliTrade

*Those residing outside the UK and Europe gain access to the same MetaTrader Signals and DupliTrade offering explained above. 

*Although the broker offered Mirror Trader in the past, it is no longer an option for copy trading via Pepperstone. 

Pepperstone MyFxBook Copy Trading

Regulation

As Pepperstone is regulated by various major financial authorities around the globe, investor protections and tools to copy trade vary between jurisdictions, yet spreads and fees are the same worldwide. Depending on where you reside, you will be able to sign up to one of four Pepperstone subsidiaries and be able to trade forex with the following maximum leverage:

  • The Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) in Europe and the Financial Conduct Authority (FCA) in the UK caps forex leverage at 30:1.
  • In the United Arab Emirates (UAE), the Dubai Financial Services Authority (DFSA) limits leverage to 50:1.
  • In Kenya, the Capital Markets Authority (CMA) allows leverage of 50:1.
  • If you live outside of this area, you can also sign up for Pepperstone’s International operation regulated by the Securities Commission of Bahamas (SCB) and trade with 500:1 leverage.

Pepperstone – Overall Best Copy Trading Options

Pepperstone is one of the best brokers worldwide for trading CFDs and forex. As a customer, you gain access to ultra-tight spreads, low fees, an excellent range of financial instruments, and a selection of different copy trading software. Depending on where you reside, Pepperstone offers MetaTrader Signals, DupliTrade, Pelican or MyFxBook AutoTrade to copy the trading strategies of proven, successful traders. As one of the leading brokers in customer service, Pepperstone includes a detailed FAQ section on their website if you are ever confused about which platform best suits you.

The broker offers a free demo account if you are unsure which social-copy trading software or Pepperstone account type you should use to trade forex. After signing up for a demo account, you are provided with a virtual account balance where you can practise forex and copy trading against real-time market conditions in a risk-free environment with no chance of losing real money.

Additionally, the broker offers a good trading experience on their mobile app, customer support and the fact that a dedicated account manager will help you.

View Pepperstone ReviewVisit Pepperstone

2. eToro Best Trading Platform for Social And Copy Trading

eToro

Forex Panel Score

43

Average Spread

EUR/USD = 1.0
GBP/USD = 2.0
AUD/USD = 1.0

Trading Platforms

eToro Trading Platform

Minimum Deposit

$50

Why We Recommend eToro

We found eToro top-notch in social and copy trading, especially in the forex arena. The platform hosts a thriving trading community, making it a magnet for thousands of users keen to engage in CFD and physical asset trading. What sets it apart is the feature that allows you to mimic the strategies of successful traders, termed ‘popular investors’, effectively adding another layer to your trading game. The breadth of financial instruments available also means you’re not restricted; you can diversify your strategies and even look into long-term portfolio investments.

Pros & Cons

  • Robust CopyTrading feature
  • Extensive educational resources
  • Diverse asset options
  • Spreads can be high
  • Fees on withdrawing
  • No support for third-party platforms

Broker Details

eToro’s Mirroring Service Is Its Most Popular Feature

eToro is one of the largest social trading communities worldwide, with millions of traders from over 140 countries.best social copy trading awards 2024

As the broker offers a combination of social and copy trading features, CFD and stock trading plus managed portfolios, eToro is well-suited to those wanting to fully automate trading while engaging in an established forex community.

eToro Trading Platform Copy Trading

As traders who love to expand our knowledge, we found eToro’s vast educational resources handy. They offer everything from video tutorials, platform guides, and webinars to a trading school and free podcasts.

Plus, if you’re new to the scene, you can kick things off with their free demo account where you can practise with a ‘virtual portfolio’.

eToro Free Demo Account Copy Trading

CopyTrader

CopyTrader is the broker’s account mirroring service and most popular feature. It allowed us to effortlessly mirror seasoned traders’ trading strategies, whom eToro labels as ‘Popular Investors’.
eToro CopyTrader Copy Trading
eToro’s Copy Trading Platform

eToro built its proprietary platform around the idea of trade copying, but you are also able to manually input trades if you choose. Key features of the software include:

  • Offline and one-click trading
  • Risk management tools (trailing stop, stop loss, and take profit)
  • Advanced charting tools with ProCharts
  • Low Latency on trades made when copying a trader

eToro Features Platform Copy Trading

Beyond the copy trading aspect, we found value in eToro’s social network, where you can engage with other traders, comment on posts, follow your peers, and keep yourself updated through the platform’s newsfeed.

Market Access

As an eToro customer, it is important to note how different assets are traded. With certain financial instruments, you can trade CFDs as well as purchase physical assets.

Forex, Indices And Commodities

  • Traded as CFDs, leverage can be used (can be bought and sold as CFDs).
  • Minimum spreads for forex start from 1 pip, commodities 2 pips, and indices 100 pips.

eToro CFDs and Forex Copy Trading

Stocks

  • Physical shares can be bought with no leverage but not sold. Assets are purchased and held in your name. No commission fees.
  • Stock CFDs can be both bought and sold with leverage.

Cryptocurrencies

  • When buying cryptos, eToro customers are purchasing the physical underlying crypto asset.
  • When selling cryptos, you are trading CFD products instead.

Exchange-Traded Funds (ETFs)

  • Similar to cryptos, you can only buy ETFs as CFDs and sell ETFs as physical assets.

eToro Multi Asset Platform Copy Trading

Long-Term Copy Trading Strategies

The broker also offers longer-term investments through its CopyPortfolios. CopyPortfolios can be a good approach to diversifying and minimising risk or a way to supplement forex copy trading with a long-term investment.

eToro CopyPortfolios Copy Trading

After you invest in a CopyPortfolio, eToro manages your capital with assets re-picked and portfolios rebalanced as needed. As opposed to traditional managed funds or stockbrokers, eToro charges no management fees, but a $5,000 minimum deposit is required initially. EToro offers two types of portfolios:

  • Top Trader Portfolios: A combination of brokers’ most successful traders.
  • Market Portfolios: A bundle of commodities, ETFs, or share CFDs following a single market strategy.

eToro – Overall

eToro is a popular choice for social-copy trading, thanks to its well-established forex trading community with thousands of members.

Aside from copying the strategies of successful traders (popular investors), you can trade both CFDs and physical assets (depending on the financial instrument) and invest in long-term portfolio investments.

3. IC Markets Top Choice For ZuluTrade

IC Markets

Forex Panel Score

85

Average Spread

EUR/USD = 0.62
GBP/USD = 0.83
AUD/USD = 0.77

Trading Platforms

MT4, MT5, cTrader

Minimum Deposit

$200

Why We Recommend IC Markets

We found IC Markets to be the go-to broker for anyone keen on using ZuluTrade for forex trading. First, the platform options are top-tier, providing traders with low spreads and excellent market access, essentials for anyone serious about trading. The broker’s reputation is solidified by its regulation from major financial bodies such as ASIC, FCA, and CySEC, lending an added layer of credibility and trustworthiness. Combining these features makes IC Markets a reliable choice and an exceptional one for those specifically interested in ZuluTrade.

Pros & Cons

  • Ultra-low spreads offered
  • Multiple trading platforms
  • Robust copy trading options
  • $200 minimum deposit
  • MT5 for stocks only
  • No TradingView platform

Broker Details

IC Markets Connects You With Other Traders Through ZuluTrade

We’ve had a good experience trading with IC Markets, a broker that’s garnered a lot of respect for its top trading platforms, ultra-low spreads, and solid market access. Being regulated by several top-tier financial authorities such as ASIC, FCA, and CySEC adds to its credibility.

When trading forex and CFDs with IC Markets, you can choose from three different trading platforms – MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.

IC Markets Trading Platform Copy Trading

If you want to incorporate copy trading into your strategies, the broker provides access to four different account mirroring services, with MT4, MT5, and cTrader options.
IC Markets Spreads Copy Trading
Trading Accounts And Forex Spreads

IC Markets follow a no-dealing desk (NDD) execution model, which allowed us to access ECN-style spreads as low as 0.0 pips. This is facilitated through 25 top-tier liquidity providers, giving traders like us access to spreads typically reserved for institutional players.

IC Markets Spreads Low Platform Copy Trading

IC Markets offers two main types of forex and CFD trading accounts:

  • Standard Account: Ideal for beginner traders. No commission spreads starting from 1.0 pip for major currency pairs.
  • Raw Spread Account: Suited to active traders. Minimum spreads starting from 0.0 pip + flat rate commission fees. Commission costs are $3.50 per side for MetaTrader platforms and $3 per side on cTrader (per USD 100,000 traded).

To open either account type, a $200 minimum deposit is required. Islamic accounts can be established with both Raw and Standard pricing if you are looking for a swap-free account.

IC Markets Account Types Platform Copy Trading

Financial Markets And CFDs

IC Markets offers an excellent range of forex and CFD products.

  • Forex: Over 64 currency pairs with spreads starting from 0.0 pip.
  • Crypto: 10 popular cryptocurrency CFDs, including Bitcoin, Dash, and Litecoin.
  • Indices: 23 global Indices with no commission fees.
  • Commodities: 19 energy, metal, and agriculture CFDs.
  • Bonds: 6 commission-free bonds from the UK, US, Europe, and Japan.
  • Stocks: 120+ share CFDs from NYSE, ASX and Nasdaq (MT5 only).
  • Futures: 4 global futures with no commission fees.

IC Markets CFDs Copy Trading
ZuluTrade

ZuluTrade provides access to a huge forex community with 100,000 traders from 192 countries.

You can access the platform via a range of devices, including desktop apps and Windows, Android, iPhone, and iPad devices.

IC Markets ZuluTrade Platform Copy Trading

Unique ZuluTrade risk management features include:

  • Zulu Rank: Ranks the platform’s signal providers based on their past performance, maturity, and risk.
  • Zulu Guard: An account security feature that constantly monitors the performance of your signal providers, protecting your capital when needed.
  • Simulation: A backtesting feature where you can test strategies and determine potential gains and losses.

IC Markets ZuluTrade Simulation Platform Copy Trading

Other Options For Copy Trading

  • cTrader Copy: cTrader’s proprietary mirror trader service, where you can follow and copy strategy providers.
  • MyFxBook: A large forex community where you can copy trades and share ideas with one another.
  • DupliTrade: Can be linked to your IC Markets account, allowing you to easily automate trading.

IC Markets ZuluTrade Platform Platform Copy Trading

IC Markets – Overall

IC Markets provided us with a comprehensive set of copy trading tools that can be integrated into various trading platforms or used independently. In terms of spreads, we found them to be some of the most competitive in the industry, rivalled only by Pepperstone.

4. FP Markets Good Broker For MyFXBook AutoTrade

FP Markets

Forex Panel Score

80

Average Spread

EUR/USD = 1.1
GBP/USD = 1.3
AUD/USD = 1.3

Trading Platforms

MT4, MT5

Minimum Deposit

$100

Why We Recommend FP Markets

We’ve found FP Markets to be a strong contender for anyone seeking to utilise Myfxbook AutoTrade for their forex activities. The broker offers excellent platform options like MetaTrader 4, MetaTrader 5, and Iress, integrating Myfxbook AutoTrade seamlessly across these platforms. This enables you to automate your trading while enjoying low-spread benefits. With top-notch market access to boot, FP Markets offers a compelling package for Myfxbook AutoTrade users.

Pros & Cons

  • Ultra-tight spreads
  • Multiple platforms offered
  • Top-tier regulation
  • $100 minimum deposit
  • Basic mobile trading app
  • Limited selection of shares on MT5

Broker Details

FP Markets Offers Effective Copy Trading With Myfxbook AutoTrade

We’ve had the chance to trade with FP Markets, a tier-1 regulated broker renowned for its ultra-tight, ECN-style spreads. You can execute trading strategies on three different trading platforms – MetaTrader 4, MetaTrader 5, and Iress.

FP Markets BenefitsCopy TradingKey FP Markets features:

  • Raw spreads as low as 0.0 pips
  • Forex, shares, indices, and commodities
  • Fast execution speeds and NDD execution
  • No requotes
  • Top-tier, global regulation

Myfxbook AutoTrade

If you’re keen on automating your trading, FP Markets integrates smoothly with Myfxbook AutoTrade, a third-party copy trading provider accessible through the MT4 platform.

FP Markets Myfxbook AutoTrade Copy Trading

The account mirroring service offers safeguards to ensure you are selecting the most successful systems to copy:

  • Systems are vetted, with only the best signal providers shown.
  • You have full control over your trading activity and can add/remove systems at any time.
  • Accurate statistics with no misleading statistics.

FP Markets AutoTrade Copy Trading

FP Markets – Overall

If you want to use Myfxbook’s AutoTrade feature, FP Markets is a great choice for a broker. You can fully automate trading while enjoying low spreads and great market access.

5. Fusion Markets Top Broker With DupliTrade

Fusion Markets

Forex Panel Score

82

Average Spread

EUR/USD = 0.93
GBP/USD = 1.08
AUD/USD = 0.92

Trading Platforms

MT4, MT5, cTrader

Minimum Deposit

$0

Why We Recommend Fusion Markets

We found Fusion Markets to be a standout broker for those keen on utilising DupliTrade for their forex endeavours. One of its key strengths is the seamless integration of DupliTrade within the MetaTrader 4 platform, letting you manually trade and copy trade all in one spot. With two account types to choose from, Fusion Markets offers flexibility in gaining access to its account mirroring services. It’s one of only nine main brokers featuring DupliTrade, placing it on par with big names like Pepperstone.

Pros & Cons

  • Low forex spreads
  • Rigorous provider vetting
  • Multiple copy options
  • High bank wire deposit fees
  • Limited strategy selection
  • Range of products is limited

Broker Details

Fusion Markets Vets The Signal Providers for Copy Trading With DupliTrade

In our time trading with Fusion Markets, we found that the broker offers copy trading through DupliTrade, integrated into the MetaTrader 4 platform. If you’re keen on using DupliTrade, Fusion Markets presents two account options:

  • Zero Account: Forex spreads as low as 0.0 pips + AUD $4.50 commission fee per side (per 100k traded)
  • Classic Account: No commission forex spreads from 0.8 pips.

DupliTrade

Similar to Pepperstone, Fusion Markets is one of 9 top brokers offering the popular copy trading platform, DupliTrade.

DupliTrade can be fully integrated into Fusion Markets MetaTrader 4 (MT4) platform, meaning you can manually and copy trade all in one place.

Fusion Markets DupliTrade Copy Trading

As DupliTrade’s strategy providers are selected based on rigorous selection criteria, only a handful of trading strategies can be copied. This ensures that only high-quality signal providers with years of experience and trading success are available.

Fusion Markets Sign Up DupliTrade Copy Trading

Beyond DupliTrade, Fusion Markets also throws Myfxbook AutoTrade into the mix as another copy trading option.

Fusion Markets – Overall

If DupliTrade is your copy trading platform of choice, Fusion Markets will give you access to ECN-style spreads on a diverse selection of financial instruments. While spreads are tight, commission fees are higher than brokers such as Pepperstone and IC Markets.

6. AvaTrade Broker With MQL5 Signals For MT4 And MT5

AvaTrade

Forex Panel Score

64

Average Spread

EUR/USD = 0.9
GBP/USD = 1.5
AUD/USD = 1.1

Trading Platforms

MT4, MT5, AvaTradeGo, AvaOptions

Minimum Deposit

$100

Why We Recommend AvaTrade

We appreciated AvaTrade’s versatility in the FX and CFD trading landscape. This broker pulls no punches when it comes to offering a broad array of financial instruments, from FX and commodities to cryptocurrencies and equities. One of the standout features is the support for MQL5 Signals within both the MetaTrader 4 and MetaTrader 5 platforms. This opens up the avenue for traders to seamlessly automate their strategies.

Pros & Cons

  • Multiple platform options
  • Access to MQL5 Signals
  • Fixed spread trading accounts
  • Limited copy strategies
  • Proprietary platform limits
  • Charges inactivity fees

Broker Details

AvaTrade Offers MQL5 Signals Which Makes Copy Trading Simple

We’ve had the experience of trading with AvaTrade, a front-runner in the forex and CFD trading scene. The broker offers a broad array of financial instruments you can include in your trading strategies, from forex and commodities to cryptocurrencies, stocks, and indices.

Three trading platforms can be used to copy trade – MetaTrader 4, MetaTrader 5, and the broker’s proprietary trading platform, AvaTrade.

MQL5 Signals For Copy Trading

With AvaTrade, we gained complimentary access to MQL5 Signals. This service can be fully integrated with both MetaTrader platforms, MT4 and MT5, which we found extremely convenient.

AvaTrade MQL5 Signal Trading Copy Trading

MQL5 Signals happens to be one of the largest automated trading communities globally, offering a plethora of strategies to copy once you’re in.

AvaTrade Benefits MQL5 Signal Trading Copy Trading

To open an MQL5 account and access the trading community, you can easily sign up online or directly within the MT4 or MT5 trading platforms.

AvaTrade – Overall

AvaTrade offers a smooth entry into MetaTrader’s MQL5 Signal Service. This service is compatible with both MetaTrader 4 and MetaTrader 5 platforms, making it a versatile choice for traders.

7. Markets.com Best Broker For MT4 Trading Signals

Markets.com

Forex Panel Score

58

Average Spread

EUR/USD = 1.6
GBP/USD = 1.6
AUD/USD = 1.9

Trading Platforms

MT4, MT5, Markets.com Trading App

Minimum Deposit

$100

Why We Recommend Markets.com

We liked Markets.com particularly for its prowess in MT4 Trading Signals. This CFD broker, regulated by both CySEC and FSCA, offers a broad suite of financial instruments suitable for copy trading. If automation via MetaTrader 4 and Trading Signals is what you’re after, this broker is a top pick. The platform takes care of both fundamental and technical analysis, freeing up valuable time for other trading activities.

Pros & Cons

  • Wide instrument range
  • No commission spreads
  • No deposit or withdrawal fees
  • Limited account types
  • High spreads on some pairs
  • Doesn’t offer 24/7 support

Broker Details

Markets.com Uses Trading Signals For Effective Copy Trading

We’ve given Markets.com a solid run, and here’s our take for those keen on copy trading. The broker is regulated by CySEC and FSCA, making it a reliable choice. One of the standouts is the sheer range of financial instruments available for trading:

  • 67 forex pairs
  • 16 indices
  • 11 commodities
  • 13 cryptocurrencies
  • 2 bonds

Unlike other brokers that offer multiple account types, Markets.com keeps it simple. All traders deal with no commission spreads, where the broker’s compensation is built into the spread. Just to give you an idea, here are some average spreads you might encounter:

  • AUD/USD: 1.90 pips
  • USD/CAD: 1.90 pips
  • EUR/USD: 1.60 pip
  • USD/JPY: 1.90 pips
  • GBP/USD: 1.60 pips
  • AUD/JPY: 2.40 pips

Three trading platforms can be used to develop and execute strategies. The broker’s broker’s proprietary platform, Marketsx, as well as both MetaTrader 4 and MetaTrader 5. You can compare this to other brokers on our Dubai trading platforms page.

MetaTrader 4 And Trading Signals

Full automation can be achieved on the MT4 platform in two ways – algorithmic trading with Expert Advisors and copy trading via Trading Signals.

Markets.com Trading Signals Copy Trading

Trading Signals delivers real-time market insights, effectively cutting down the time you’d otherwise spend on fundamental and technical analysis. The platform covers sentiment data on more than 8,000 financial markets, providing directional insights and trade recommendations.

Verdict On Markets.com

Markets.com is a great option if you want to automate trading using MetaTrader 4 and Trading Signals. As fundamental and technical analysis is also automated, you can save plenty of time when using MT4 and Trading Signals.