Best Copy Trading Software For Singapore

eToro

The Top Singapore Copy Trading Broker

eToro is the best broker for social copy trading. As a trusted global brand eToro is trusted by millions of investors due to the overall quality of its copy trading services and its easy-to-use trading platform. With eToro, traders from Singapore can take advantage of a winning combination between copy trading features and social trading.

eToro is a top copy trading broker favoured by many traders due to their following advantages:

1. Trade across over 2,300 CFD instruments
2. Ready-made crypto -a portfolio management solution that bundles different assets or strategy-based portfolios
3. The popular investor program provides attractive incentives for successful traders to share their signals with others
4. FCA, CySEC, ASIC main regulators that protect the interest of investors

eToro CopyTrader Platform

eToro offers a user-friendly web-based trading platform that allows users to self-trade or copy trades from more experienced traders. Trading is enabled in over 2,300 CFDs across multiple asset classes. With eToro’s CopyTrader, traders have generated an average yearly profit of 83.7% in 2020 – based on the 50 most copied trades on the platform.

You can start copying other traders with 0 management fee, copy up to 100 traders simultaneously, and sort out signal providers based on different metrics like profitability, drawdown, asset under management, etc.

eToro’s CopyPortfolios

eToro’s platform does not only allow copy trades. The broker has taken a step further by introducing another unique feature to its clientele – CopyPortfolios, a next-gen investment product that bundles together a collection of financial assets.

Users are able to invest in Top Trader Portfolios, which are comprised of the most successful traders on eToro’s platform, or in Market Portfolios, which are comprised of CFD Stocks, ETFs or Commodities bundled together under a particular market strategy.

The aim of CopyPortfolios is to mitigate long-term risk and ensure up to double-digit returns for investors. Every portfolio will be professionally managed by eToro’s investment committee, while its performance will be analysed regularly and rebalanced automatically so that its gain potential is maximised.

Because CopyPortfolios act like multiple traders, all working for a client at the same time, and many underlying positions are opened on his/her behalf, the minimum investment amount required is $5,000.

Summary – Best Social Trading Platform

Overall, eToro is the perfect home for both successful traders and beginner traders who wish to copy them. Regardless of the markets you want to trade, on eToro, you can always find someone whose trades you want to copy. Claim your eToro account today with just a few simple clicks.

*Your capital is at risk ‘68% of retail CFD accounts lose money’

AvaTrade

A Broker That Has DupliTrade To Copy The Top Traders

AvaTrade is an award-winning online broker that offers DupliTrade – a user-friendly social trading platform that ensures effortless automated trading. AvaTrade, one of the top Forex brokers with operations on six continents and regulated by eight industry regulators (including ASIC, CySEC and FSCA), is another good choice for Singapore-based clients when it comes to social and copy trading.

AvaTrade favoured for copy trading with DupliTrade due to their following advantages:

1. Copy trading in over 1,250 assets (forex, stocks, bonds, ETFs, Bitcoin, etc.)
2. Regulated in Europe, Japan, Australia, UAE, BVI and South Africa
3. Innovative risk management tools
4. Access to proprietary trading platforms and 3^rd party platforms

DupliTrade Automated Trading

DupliTrade is a great choice for both novice Forex traders and those who cannot afford to constantly track financial markets to automate their trading directly into their AvaTrade account based on signals from successful traders.

By ensuring a minimum deposit of $2,000, Singapore-based traders can take advantage of DupliTrade’s portfolio of top strategy providers and replicate their activity directly into a MetaTrader 4 or a MetaTrader 5 trading account opened with AvaTrade.

By selecting a social trading platform such as DupliTrade, Singaporean clients can rest assured they are looking at the profiles and choose to copy audited professional traders only. The platform will visualise only a list of strategy providers with years of proven track record who trade with real money.

Yet, choosing from a list of the best traders is only the first step towards profitable copy trading. Clients also need to continually monitor the selected traders’ progress to make sure their copy trading continues to generate gains.

AvaTrade Social Trading Options

• AvaSocial – its proprietary social trading platform,
• ZuluTrade – a third-party, cutting-edge auto trading platform

AvaTrade Financial Markets

We should also point out the huge diversity of tradable asset classes that an online broker such as AvaTrade offers. Besides Foreign Exchange, clients can access a plethora of CFDs on Stocks, Stock Indices, Cryptocurrencies such as Bitcoin, Commodities, ETFs, Forex Options and Bonds. This way, they will be able to diversify their portfolio of trading strategies copied.

AvaTrade Risk Management Tools

At the same time, Singaporean clients can also have peace of mind that they will be placing their funds with a reputable global brokerage such as AvaTrade, which has ensured client fund segregation. In addition, clients can copy trade by taking advantage of AvaTrade’s risk management tools such as negative balance protection. Under such a policy, Singaporean retail investor accounts cannot lose greater amounts than the initial deposit as a result of trading CFDs.

Last but not least, although copy trading is an automated process, Singapore-based clients can always contact AvaTrade’s professional customer support team if they require any assistance.

Signing up with DupliTrade is a rather straightforward process of several steps.

Summary – AvaTrade Automate Copy Trading

Overall, AvaTrade offers a good all-around trading experience. Due to the relentless dynamics of the Forex market, the results of individual traders are very likely to change. Thus, clients may need to discontinue copying certain traders, whose progress has stalled, and make another selection (of traders with improving performance).

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Myfxbook

Myfxbook Automate Is Best For Copying CFD Traders

Owned and operated by Myfxbook, AutoTrade is currently among the best copy trading platforms available to Singapore-based traders. AutoTrade application is a community of professional traders that promotes transparency, collaboration between users, and sharing of trading ideas.

Myfxbook’s AutoTrade solution makes it possible for traders to connect with other users and replicate a variety of trading systems directly into their MetaTrader 4 account. All they need to ensure is to connect their live MT4 trading account to Myfxbook’s application, after which they can take advantage of CFD and Forex copy trades.

How Myfxbook AutoTrade Works?

Duplicating the trading activity of other users with Myfxbook’s AutoTrade is a fully automated process, while the application also allows for flexibility and full control since traders will be able to add and remove trading systems from their accounts whenever they wish.

An important moment to note is that the AutoTrade application will always display real-time CFD trading strategies (traded with real money only) and accurate statistics (no bottomless drawdowns that can mislead traders). In other words, the trading platform will never list trading strategies used on a demo account.

Myfxbook AutoTrade Advantages

Myfxbook’s AutoTrade solution allows traders to organise and track all of their trading systems added in a single centralised portfolio.

Another advantage includes the opportunity for traders to diversify the high risk associated with derivatives such as CFDs, as they will have access to a plethora of trading systems (based on different technical analysis approaches and timeframes) as well as asset classes (Cryptocurrency, Commodity or Stock Index CFDs, ETFs, Foreign Exchange).

Also, the application allows CFD and Forex traders to verify trading results. Or, they will be able to request an audit before allocating funds to a particular trading strategy provider or replicating a system.

Meanwhile, strategy providers will be able to monitor and track their trading performance without effort. The AutoTrade application will automatically upload their trading history from MetaTrader 4 and analyse in detail their performance free-of-charge with the help of innovative statistical analysis tools.

AutoTrade Trading Systems Criteria

In order for a particular trading strategy to be listed on Myfxbook, the respective provider needs to meet the following criteria:

• Trade with real money on a verified MT4 account connected to Myfxbook,
• A minimum 3 months of online trading history and at least 100 trades,
• Historical drawdowns are consistently below 50%,
• A historical return of over 10% and also exceeding the maximum drawdown,
• Minimum account balance constantly above $1,000,
• An average pip win per trade of over 10 pips,
• The average time of holding an active position should be at least 5 minutes.

Summary – Myfxbook Autotrade Copy Trading Platform

In general, Autotrade is good for both professional traders who get paid for their winning trades and beginners who have a great choice of CFD brokers to choose from. This automated trading platform works smoothly with brokers like Pepperstone, IC Markets, FP Markets or Fusion Markets.

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