Best Copy Trading Software For Singapore

Pepperstone is our top broker for copy trading tools, with many choices like Myfxbook, DupliTrade, and MetaTrader Signals. What’s great is how these tools pair with Pepperstone’s low spreads – averaging just 1.12 pips on EUR/USD with a standard account.

Even better, with the RAW Account, it drops to an average of 0.1 pips, plus a small $3.50 commission. This means more efficient trades, maximising your copy trading experience while lowering costs.

Overall, Pepperstone offers the best copy trading options in Singapore. Pepperstone has partnered with 3^rd party online trading providers like Myfxbook AutoTrade, DupliTrade and MetaTrader signals to help beginner traders tap into trading strategies offered by successful traders. With over 11 years of experience in FX solutions, Pepperstone is one of the best brokers favoured by many traders due to the following advantages:

• ECN trading style
• Institutional grade spreads that start at 0.0 pips
• Fast order execution speed of 30ms
• Strong regulation in multiple jurisdictions (ASIC, FCA, CySEC, BaFin, DFSA, and SCB)
• +700 trading instruments (+60 currency pairs and trading CFDs)

Pepperstone’s Best Social Trading Platforms

Myfxbook Autotrade

AutoTrade by Myfxbook is an automated trade mirroring service that allows clients to mimic other traders’ activity without paying any additional subscription fees. The signal providers are hand-picked by Myfxbook, but traders have the option to filter out the single providers based on their performance, style of trading, or the number of followers.

Disclaimer: The AutoTrade system is not operated by Pepperstone, in this regard its use is regulated by the operating conditions specified on the Myfxbook website.

DupliTrade

DupliTrade is an automated copy trading platform that enables traders to follow and copy professional traders with a verified track record. Compatible with MetaTrader 4, DupliTrade requires a minimum deposit of USD 5,000, which is the only disadvantage for small traders.

MetaTrader Signals

The last option forex traders in Singapore have is MetaTrader Signals. This copy trading service allows MT4 and MT5 users to automatically copy trades performed by more experienced traders. There are over 3,200 free and paid signals to choose from.

When clients use MT4 trading signals/MQL5 signals, the copied trades are executed in less than 85ms. Pepperstone has one of the best trades copying speed. The second-fastest brokerage trading firm is FP Markets followed by FxPro and OANDA.

Summary – Best Copy Trading Brokers In Singapore

Overall, Pepperstone is considered a top-leading forex broker with a diversified selection of copy trading platforms. At Pepperstone the retail investor accounts only require a minimum deposit of USD 200, or you can trial the broker using a free demo account.

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We like eToro for its top-notch copy trading platform, which is ideal if you are a beginner with no experience trading. It’s user-friendly, allowing you to find and follow traders based on their performance and style.

The broker has a range of markets you can select, so you can quickly diversify across markets, from forex to indices, and choose traders for specific assets.

Plus, the spreads are quite appealing, averaging just one pip on EUR/USD, which is lower than the industry average.

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.

AvaTrade stands out for its fixed spreads with copy trading, and we like that the broker has access to DupliTrade. The broker’s fixed spreads start at just 0.9 pips on EUR/USD – significantly lower than the average you might see elsewhere.

What we like about DupliTrade is how you copy strategies (not traders like eToro), offering a clearer view of each strategy’s track record. This approach provides a more structured and transparent way to enhance your trading, making it a smart choice for copy trading.

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).

MyFXbook is offered by FP Markets and is a standout choice for crypto copy trading with its unique feature of offering verified results exclusively from live accounts. This means you’re not following strategies based on demo account performances, which can be misleading.

Instead, you copy trades backed by real experience and actual market conditions. It’s a more reliable and transparent way to trade crypto, ensuring you follow proven strategies.

FP Markets have 12 crypto pairs vs USD that you can trade with.

MetaTrader 4 is the largest trading community so it follows there is no shortage of signal providers you can follow and copy in the MetaTrader Signals Network.

Eightcap offers both MetaTrader 4 and MetaTrader 5 and both allow you to take advantage of the MetaTrader Signals network. We like that you can copy trade all Eightcap products including 95 Crypto pairs and 56 Forex pairs.