Best Copy Trading Platform

Pepperstone is a top MetaTrader 4 broker worldwide that provides the best copy trading software for UK traders. Pepperstone offers two copy trading alternatives as a CFD broker or a UK Spread Betting broker, with the latter providing tax advantages for UK residents. Users can identify and copy more seasoned traders using the social trading tools such as Myfxbook, MetaTrader Signals and DupliTrade which can all seamlessly integrate with your Pepperstone account.

Pepperstone Presents Copy Trading Solutions Through MetaTrader 4, Signals, and DupliTrade

Pepperstone is considered as offering the best copy trading software for UK traders and is the world-leading MetaTrader 4 broker. At Pepperstone, copy trading is available through MetaTrader 4, Signals, and DupliTrade. The social trading features allow users to find and copy more experienced traders.

Pepperstone can provide two copy trading options as a CFD broker or a UK Spread Betting broker with the latter having tax benefits for UK residences.

With over a decade of business history, Australia-based Pepperstone is a leading multi-regulated CFD and Forex provider with multiple awards. It is authorized to offer online trading services by some of the most reputable Forex regulators, including:

• the Financial Conduct Authority (FCA) in the United Kingdom
• the Australian Securities and Investments Commission (ASIC) in Australia
• the Cyprus Securities and Exchange Commission (CySEC) in the European Union
• the Dubai Financial Services Authority (DFSA) in the UAE

Based on our review, Pepperstone turns out to be the best for UK-based clients when it comes to using a Forex copy trading platform.

UK Clients Can Access A Range Of Trading Strategies On Pepperstone’s Two Third-Party Copy Trading Platforms

UK-based Forex traders with little experience have the opportunity to access a variety of trading strategies from some of the most successful traders worldwide by using Pepperstone’s copy trading solutions, including:

• DupliTrade
• MetaTrader 4 Signals

DupliTrade – A Copy Trading Platform And A Popular Trading Strategy Marketplace

This third-party copy trading platform ensures access to trading signals that are provided by experienced traders. In other words, it offers beginners the opportunity to access the Forex trading expertise and proven trading techniques of professionals. Clients can start trading automatically based on signals that come from top strategy providers directly into their own MetaTrader 4 trading account.

The top-performing strategies have generated over 500% return. At the same time, DupliTrade strategy providers use different trading styles and methods (swing trading, trend following, breakout, price action, etc.).

MetaTrader 4 Signals

MetaTrader 4 Signals is a useful tool, allowing real-time access to thousands of trading strategies and signals. Plus, it allows beginners to make unbiased decisions not driven by greed or fear of trading.  

Remember, however, that there is a certain degree of risk that accompanies trading signals because signal providers’ past performance is not indicative of future results. Pepperstone also has no control over signals that come through its third-party social trading platforms. Therefore, signals should not be considered as any form of investment advice.

Why Do We Consider Pepperstone’s MetaTrader 4 As One Of The Best Solutions Offered By FCA-Regulated Online Brokers?

First, the brokerage offers its clients quality order execution (trade orders by UK clients are filled in less than 30 ms) with no dealing desk intervention and no re-quotes not only on its MetaTrader 4 software but on all of its trading platforms, including MetaTrader 5 and cTrader.

Second, the Forex broker has ensured raw pricing due to its deep and diverse liquidity mix. Alternately, UK-based clients can access razor-thin spreads from 0.0 pips across Pepperstone’s entire Forex and CFD product list (currently more than 180 financial instruments) and take advantage of competitive commissions on its Razor trading account.

Pepperstone’s MT4 offers a variety of chart setups, flexible order types, and outstanding support from expert advisors. The brokerage will not charge any deposit or withdrawal fees for all funding options. It supports 10 base currencies, including AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD.

Moreover, Pepperstone has received multiple industry awards, including its professional 24/5 trading support service. The Forex broker has provided a plethora of trading guides, trading tools, and tutorials and conducts Forex trading webinars on a regular basis.

Summary Of Why Pepperstone Offers The Best Copy Trading Platforms

When it comes to copy trading solutions, Pepperstone has won the race hands down. Retail traders can access low spreads starting from 0.0 pips on over 180 instruments and fast order execution speed of 30 ms. And finally, it provides a 30-day free demo account for clients with $50,000 in virtual funds. This allows for risk-free access to real-time trading conditions – suitable for testing various trading strategies as well as copy trading.

View Pepperstone ReviewVisit Pepperstone

eToro is one of the well-known, multi-regulated online brokers in the world and one of the first brokerages to develop the social trade platform. Customers from the UK who pick eToro get the chance to join one of the biggest trading communities in the world in addition to a social trading platform. Experienced investors and traders can share their knowledge and trading strategies. Additionally, those who are brand-new to the financial markets can constantly expand their understanding. The Financial Conduct Authority (FCA) has approved and overseen eToro as an online trading broker.

eToro Allows Traders To Enrich Their Knowledge With Social And Copy Trading

eToro is among the well-recognized, multi-regulated online brokers worldwide and one of the first brokerages to innovate the social trade platform. By choosing eToro, UK-based clients choose not just a social trading platform, but an opportunity to join one of the largest trading communities globally. Traders and investors with experience can exchange expertise and trading ideas. Also, people completely new to financial markets are able to constantly enrich their knowledge.

As an online trading broker, eToro is authorized and regulated by the Financial Conduct Authority (FCA).

eToro’s CopyTrader Can Be Of Benefit To People Without Trading Experience

Success in trading requires a lot of effort and time invested in constant research and testing of techniques. If you have hectic daily schedules, you may find this challenging or almost impossible. It may also be quite difficult to survive your first month in the markets if you have little or no trading experience.

Fortunately, eToro has a solution for both struggles – the CopyTrader feature. With it, eToro clients can observe unobstructed what other users are doing in real time and automatically duplicate their trading activity into their own accounts. Plus, they will not have to pay the broker any additional management fees or other hidden costs for using CopyTrader.

eToro fees only include the standard bid-ask spread (see table below).

How does eToro CopyTrader Works?

By selecting and copying top-performing traders on eToro’s social trading network, as a beginner, you can earn passive income. By selecting one trader or maintaining a portfolio of traders, you will also have the chance to access a variety of financial instruments. These include currency pairs, stock CFDs, commodity CFDs, ETFs, cryptocurrencies, and so on, as well as various trading styles, including scalping, swing trading, etc.

CopyTrader allows every client to browse eToro’s vast user base and detect the top traders by using specific criteria – 12-month return, number of copiers, risk score, assets under management and so on.

Once they locate and select a top-performing trader, clients will have to allocate part of their account balance to that trader to begin copying his/her positions. Generally, eToro requires a minimum deposit of $200 to open a live trading account, but the broker has temporarily introduced some changes – the minimum amount that clients need to allocate to another user is currently $500. Once the particular amount has been allocated, clients can begin replicating the trader’s activity automatically in real-time and in direct proportion.

UK-based clients will have to satisfy another eToro requirement – there is a minimum amount for every copied position. Generally, the value of every copied trade has to be at least $1, but the brokerage has temporarily changed that amount to $2.

eToro’s Popular Investor Program Offers Benefits For Experienced Traders

Meanwhile, traders who have a solid, proven approach to markets and who are willing to earn a second income, can join the broker’s Popular Investor program. To do so, they need to satisfy several specific requirements:

• minimum equity of $1,000
• two full months of statistics on eToro’s platform
• a maximum risk score below 7 for a minimum of two months
• minimum allocated funds (assets under management) of $500
• 150 characters of personal information (including full name and biography) added to their profile
• maintaining an active feed

The Popular Investor program is structured in 4 different tiers – Cadet, Champion, Elite, and Elite Pro, each having requirements and offering certain benefits.

Note that in order to be paid a monthly income, traders need to obtain the rank of Champion. The minimum equity and minimum assets under management requirements for each tier are presented below.

Summary Of Why eToro Is The Top Copy Trading Specialist

Overall, the eToro social trading platform is well-tailored for beginner traders. The CopyTrader platform is straightforward to use. The education offerings are top-notch and the social network accommodates millions of traders. In 2020, the average yearly profit was 83.7% based on the top 50 most copied traders. Click the button below to discover more about this copy trading platform.

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

IC Markets is the finest forex broker using the cTrader Copy trading platform according to us. With almost 15 years of experience, Australian-based IC Markets is one of the biggest Forex suppliers in the world by volume. Although the broker lacks an FCA license, UK clients are nevertheless served by the CySEC, a regulated organization. Additionally, a body governed by the Australian Securities and Investments Commission (ASIC) is in charge of the broker’s global activities.

IC Markets’ cTrader Platform Enables Copy Trading With Advanced Analytical Tools

IC Markets earned our top spot for the best forex broker featuring the cTrader Copy trading platform. Australia-based IC Markets is among the largest Forex providers by volume worldwide with nearly 15 years of business history. While the broker doesn’t hold an FCA licence, UK clients are served through the CySEC – a regulated entity.

Additionally, the broker’s international operations are managed by an entity under the regulation of the Australian Securities and Investments Commission (ASIC).

By selecting IC Markets’ cTrader trading software, UK-based clients can take advantage of the cTrader Copy functionality. It is a mirror trading feature previously known as cMirror, which allows users to copy trades and utilize an array of risk management tools.

Mirror Trading With cTrader Offered By A Leading Forex Broker

The cTrader Copy feature enables people with a proven trading system to become strategy providers and to broadcast signals to their followers in exchange for a set of fees (performance, management and volume fees). Meanwhile, followers, or investors, are able to detect and copy a trading strategy with no long-term commitment. Investors can select a strategy provider by accessing detailed strategy profiles and taking into consideration parameters such as:

1. Time Weighted ROI
2. Breakdown of Traded Symbols
3. Balance vs Equity
4. and History of Followers

The cTrader Copy functionality offers benefits for every client with a cTrader account.

IC Markets cTrader Advantages

First, the cTrader software delivers speed and advanced analytics coupled with the deep interbank liquidity of IC Markets. UK-based clients can access real-time quotes and the lowest possible spreads (starting from 0.0 pips) offered on 64 currency pairs and 16 Stock Index CFDs. The average spread on EUR/USD remains 0.1 pips 24/5, while the brokerage will charge a competitive commission of $6.0 per round turn per Standard Lot.

Second, the cTrader platform grants access to Level II Pricing, or clients will be able to view all executable prices derived directly from IC Markets’ top-tier liquidity providers.

Third, the trading platform ensures low latency and ultra-fast order execution, since the broker’s cTrader server is located in the LD5 IBX Equinix Data Centre in London. The server has less than 1 ms latency to VPS providers. This can benefit high-frequency traders and scalpers particularly.

Other advantages of the IC Markets cTrader platform include:

• Multiple order types
• Micro lots availability
• No restrictions on limit orders and stop-loss orders
• Smart Stop Out tool which ensures maximum protection for retail investor accounts
• No deposits and withdrawals fees
• Range of account funding options, including wire transfer, E-wallets, Credit and Debit Cards
• IC Markets’ Web Trader (cTrader Web) and a cTrader mobile app for both iOS and Android devices

Summary Of Why IC Markets Is The Best cTrader Copy Trading Platform

Overall, IC Markets is branded as a top cTrader broker. The cTrader Copy trading features advanced analytical tools that can enhance your trading experience. You can copy your favourite strategy or trader with a couple of clicks. If you’re new to cTrader, you can open a free demo account by clicking the button below.

View IC Markets ReviewVisit IC Markets

AvaTrade’s three potent copy platforms—DupliTrade, ZuluTrade, and AvaSocial—are designed to assist investors in copy trading. AvaTrade is an online trading broker that was established in 2007; it is not subject to FCA regulation; instead, it possesses a license from the Central Bank of Ireland (CBI) as well as seven other licenses from other countries.

AvaTrade Offers Multiple Options For Copy Trading Platforms

AvaTrade aims to help investors carry out copy trading via 3 powerful copy platforms, including DupliTrade, ZuluTrade, and AvaSocial. Founded in 2007, AvaTrade is an online trading broker not regulated by the FCA; instead, it holds a licence from the Central Bank of Ireland (CBI) and other 7 licences across the globe.

DupliTrade Automated Trading

With DupliTrade, copy trading becomes a relatively straightforward process for novice traders and those who cannot afford to constantly be in front of their monitor. By depositing as little as $2,000, UK-based clients will be granted access to a portfolio of the best strategy providers. They can automatically duplicate their trading activity directly into their own MT4 and MetaTrader 5 trading accounts with the broker.

To sign up for DupliTrade’s automated trading service, UK clients need to:

• open a DupliTrade account
• open an account with AvaTrade and connect it to DupliTrade
• choose trading systems to follow and set risk preferences

After that, clients will be able to freely track and analyse their trading accounts in real time.

Note that all strategy providers on the DupliTrade platform are audited and vetted and have formidable trading experience. Therefore, AvaTrade clients can rest assured that they will risk real money by following only professionals.

AvaSocial – AvaTrade’s Proprietary Platform For Social Trading

AvaTrade’s app, AvaSocial, can be a good choice for traders of different skill levels and knowledge. Novice traders can shorten the learning process by obtaining direct insight from experts. The AvaSocial app is the product of a tie-up between AvaTrade and FCA-regulated Pelican Exchange Limited.

The app allows UK clients to get in touch with top traders and qualified mentors to conduct one-on-one or group discussions about particular markets or trading-related topics. They can simply replicate their trading activity in a matter of seconds. In addition, UK clients can receive real-time updates about the activity of their contacts and top traders on their newsfeeds. They can do a range of social activities – commenting on, sharing, or liking a particular trade as well as celebrating the success of their own trades across various social media.

Clients will also be able to receive special awards (digital trophies) for their everyday trades and showcase them to members of their trading community.

AvaTrade has ensured an effortless registration process for the AvaSocial mobile app, which takes several minutes to complete.

ZuluTrade Social Forex Trading

Launched in 2007, ZuluTrade is a cutting-edge copy trading platform connecting directly to MetaTrader 4 and MetaTrader 5 through an API. By making a minimum deposit of $500, clients of AvaTrade can access ZuluTrade’s enormous trading community. Get fresh ideas, potentially follow over 10,000 signal providers, build scripts for trading bots, or protect your trading account against inconsistent trades.

Let’s take a look at some of the benefits, which ZuluTrade’s Auto Trading service offers.

Summary Of Why AvaTrade Is The Best Broker Integrated With DupliTrade

Overall, AvaTrade made it into our best copy trading software for the UK trader list due to its multiple options for copy trading. You can confidently trade on over 1250 financial instruments across 7 different asset classes with competitive spreads. For more information, click the button below and see our full AvaTrade review.

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FXTM is a 2011 startup that offers award-winning CFD and Forex trading services and is compliant with ESMA and FCA regulations and authorization. FXTM presents a cutting-edge option to its clients in the area of social trading. The chance to join FXTM Invest is available to UK novice traders as well as those who lack the time to closely monitor market events. The tool, created by ForexTime, is simple to use and enables users to automatically follow the trading strategies of experts.

FXTM Offers The Chance To Copy the Trading Patterns Of Professionals With FXTM Invest

Founded in 2011, FXTM is an award-winning CFD and Forex trading service provider, authorized and regulated by the FCA and ESMA compliant. On the social trading front, FXTM offers its clientele an innovative solution. Novice traders from the UK and those who lack time to follow market developments strictly have the opportunity to join FXTM Invest. It is a user-friendly program by ForexTime that allows them to follow and automatically copy the trading pattern of professionals.

About FXTM Invest

There are two types of users involved in the program:

1. Investors
2. Strategy managers

After opening an account with FXTM, investors can search through a list of successful traders, review their profiles and choose a professional whom to follow and copy. Once a strategy manager is selected, investors can allocate funds to him/her.

The minimum deposit required for the program is USD 100, EUR 100 or GBP 100. Every strategy manager will ask for a particular “copy fee”, usually a percentage of profits earned, while investors can withdraw profits from the copy trades at any time.

What Benefits Does FXTM Invest Offer To Users?

First, investors can access trading opportunities without having profound technical expertise. Second, they can reduce their risk exposure by using FXTM’s advanced tools.

Investors can select a strategy manager whose risk-reward profile best suits their own objectives and needs. You can access your funds at any time and receive real-time notifications per hour to keep tabs on your investment.

As for strategy managers, first, they can set their own risk-reward parameters and their own preferred fee for the strategy they provide. FXTM will not charge them a commission. Second, strategy managers will not have to re-adjust a trading position for every new investor.

Third, they can own and maintain a dedicated page for their account, via which investors can connect to them. Last but not least, strategy managers will be able to monitor their performance in real-time by using FXTM’s reporting tools.

Summary Of Why FXTM Is A Top Copy Trading Platform

Overall, FXTM allows traders to copy more experienced traders or to become strategy managers. At the end of the day, FXTM is a strong choice for traders who want to try something new in the social network space.

View FXTM ReviewVisit FXTM

ZuluTrade is a leading social trading platform run by Triple A Experts SA, a business that is subject to EEA regulation by the Hellenic Capital Market Commission (HCMC) of Greece. The trading service has licenses in both Japan and the US. ZuluTrade is dependant on other systems to operate. In order for customers of that brokerage to access the copy trading service, it must be connected to a CFD and Forex brokerage. Because of this, the available CFD products and the minimal deposit need will be in line with the broker’s selection.

ZuluTrade Users Can Copy Trade Professionals On CFD Products

ZuluTrade is a leading social trading platform operated by Triple A Experts SA, a company regulated in the EEA by Greece’s Hellenic Capital Market Commission (HCMC). The trading service is also licensed in the United States and Japan.

Unlike other copy trading platforms, ZuluTrade cannot function independently. It has to be linked with a CFD and Forex brokerage so that clients of that brokerage can access the copy trading service. That is why the minimum deposit required and the available CFD products will be in accordance with the broker’s offerings.

Among the best brokers supported by ZuluTrade these names offer the most diverse list of CFDs:

1. ThinkMarkets with over 1,500 CFD instruments
2. IC Markets with over 850 CFD instruments
3. Pepperstone with over 180 CFD instruments
4. Oanda with over 100 CFD instruments

ZuluTrade Copy Top Performing Traders

Similar to most copy trading platforms, there are two types of ZuluTrade users – signal providers and followers. Investors (followers) can select a signal provider based on his/her ZuluRank, which factors in ROI, trading volume, AUM, drawdown, and duration of active trades, among other parameters.

There are specific requirements that a user has to meet to qualify for a signal provider status:

• minimum 12 weeks of trading history with ZuluTrade
• average pip win per trade higher than 3 pips
• maximum historic drawdown below 30%

ZuluTrade Account Types

To start copy trading, users need to sign up for a ZuluTrade account and choose a CFD and Forex broker with which to trade.

Beginners may open a Profit Sharing account, which does not include additional trading commissions for copy trading. Users will only pay a monthly subscription fee of $30 and share 25% of their earnings.

Meanwhile, experienced traders may choose to open a Classic account, which charges volume-based commissions.

With ZuluTrade, users can copy trades across a variety of asset classes – currency pairs, shares CFDs, commodity CFDs, stock index CFDs, or cryptocurrencies such as Bitcoin. The platform also grants access to thousands of signal providers with unique profiles.

ZuluTrade Traders Combos

ZuluTrade’s Traders’ Combos is a unique feature that combines some of the best trading strategies on ZuluTrade. These investable portfolios allow traders to gain diversified exposure to the market. The Traders Combos are similar to eToro’s CopyPortfolios.

CFDs are complex instruments, and to mitigate the risk associated with CFD trading, traders can use the account protection feature called ZuluTrade.

Summary Of Why ZuluTrade Is The Best Copy Trading Platform For CFDs

Overall, ZuluTrade offers a professional marketplace in the area of copy trading. The most unique feature is the new Profit Sharing plan that allows traders to only pay for the trading signals when they are profitable. There is also a risk-free demo account with the same features as real accounts.

Darwinex is a comprehensive platform for social trading and copy trading. Darwinex is an innovative brokerage that combines professional traders with exposure to worldwide markets and other users (investors) who back them. It was founded in 2012 and is the business name of Tradeslide business Tech Limited, an organization governed by the UK’s FCA.

Darwinex Allows Investing In DARWINs As Tradable Assets

Darwinex is an all-in-one solution for copy trading and social trading. Founded in 2012, Darwinex is the trading name of Tradeslide Trading Tech Limited, an entity regulated by the UK’s FCA. Darwinex is an innovative brokerage that connects experienced traders with exposure to global markets and other users (investors) who back them.

Darwinex is different from traditional copy trading platforms because instead of directly replicating the trading activity of other users, Darwinex clients can invest in DARWINs (Dynamic Asset and Risk Weighted Investments).

What Are DARWINs?

Every DARWIN is a tradable asset and its value is in tight connection either with the performance of a trader who trades at Darwinex, or a particular automated strategy.

It is important to note that investors can only invest in trades as DARWINs, or they will never be granted access to traders’ track records and active trades. So, this is different from the traditional copy trading model.

How DARWINs Work?

DARWINs (traders) are required to meet certain criteria to be considered investable. Their performance is rated on a scale of 0 to 10, with several parameters like trading experience, risk management strategy, timing, consistency and scalability.

These parameters, taken together, comprise the DARWIN investor appeal (DARWINia) score (D-Score).

The final ranking criteria for DARWINs consist of:

• D-Score over the past 9-18 months
• The return during the month of the competition
• The monthly activity compared to the average from the prior three months

Darwinex will charge investors an annual fee of 1.2% on their invested equity and an additional performance fee of 20% (only if they generate profits with their DARWINs). DARWIN providers (traders) will earn 15% of that 20% performance fee, while Darwinex – the remaining 5%. Consequently, DARWIN providers’ main objective should be to achieve consistent profits.

Summary Of Why Darwinex Is The Best Copy And Social Trading Platform

The bottom line is that Darwinex is another innovative social trading platform regulated by the FCA. Darwinex offers two different account types – one account geared towards traders and the investor account geared to copy trading. Make sure you opt for the trading account that is suitable for your trading needs. The only downside is the limited number of available CFD products.

MyFxBook Autotrade is another service that mirrors accounts and only shows actual accounts without requiring you to lease a VPS. Clients in the UK can copy a variety of trading methods directly into their MT4 or MT5 trading accounts using AutoTrade, a service owned by Myfxbook. Users have full control over adding and removing trading systems from their accounts at any time thanks to the platform. Trade copies are executed automatically.

MyFxBook’s Copy Trading Platform Has A User-Friendly Interface Perfect For Beginners

MyFxBook Autotrade is another account-mirroring service that only displays real accounts without renting your own VPS. AutoTrade, owned by Myfxbook, allows UK-based clients to duplicate a range of trading systems directly into their MT4 or MT5 trading accounts.

The platform grants users complete control to add and remove trading systems from their accounts whenever they wish. Copying trades are carried out automatically.

How To Use AutoTrade?

AutoTrade will present only reliable (tested) trading systems as well as real-time systems traded on a live account. This excludes the possibility for traders to come across a trading system used on a demo account.

To start trading forex with AutoTrade copy trading platform, UK-based traders need to:

1. create a live MT4 trading account with a Forex broker of their choice
2. sign up for AutoTrade on the MyFxBook website
3. connect their MT4 account to MyFxBook AutoTrade

All trading systems listed on Myfxbook are traded with real money, have a minimum account balance of $1,000, have a trading history with at least 100 trades, a minimum 3-month track record, and the average pip win per trade exceeds 10 pips.

AutoTrade will present only real data with accurate statistics. This may help traders reduce the high risk that stems from trading CFDs and improve their profitability. The platform will never visualize bottomless drawdowns.

Summary Of Why MyFxBook AutoTrade Is A Good Choice For Beginner Traders

Overall, MyFxBooks ranks among the most well-known names in the FX copy trading space. The FXAutoTrade copy trading platform is a good choice because its user-friendly interface is geared towards beginners. Supported brokers include big names like Pepperstone, Fusion Markets, IC Markets and FP Markets.