You can select a strategy based on its past performance or the respective financial instrument. You can also select a strategy based on risk and its return on investment primexbt copy trading since hitting the live markets. Much like a forex EA or automated robot – this copy trading strategy requires you to engage with multiple stakeholders.

For example, you can filter traders based on their level of expertise, ranging from “newcomer” to “legend”. With the OctaFX Copytrading app or desktop version, you can search for traders and copy their strategies. The website features a list of master traders, so you can easily find those you want to follow. For every master trader, you can see the performance, risk score, number of copiers, and more. The online dashboard offers filters that you can use to find traders that perfectly fit your needs.

They are our top choice, founded in 2007 and regulated by top-tier authorities. EToro pioneered copy trading and grew immensely over the past years. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The biggest drawback of this trading method is that you need to constantly monitor the market’s flow and decide on individual trade trends. You can set stop loss and take profit limits to secure your trading profits and limit your losses.

Copy Trading Platforms

CopyMe is a great copy trading platform that’s perfect for anyone looking to copy successful crypto trading strategies. The U.S.-based platform can be used to tap into the minds of trading professionals and effortlessly apply their strategies. As a copy trader, your best approach is to divide your portfolio up between several different successful traders. This will keep you from relying on one trader or trading strategy, which could put you at risk of losing it all. Yes, it is for many, but whether or how much you profit from it depends entirely on whose trades you choose to copy. There’s no guarantee copy trading will yield big profits for you.

Since the strategy was launched in late 2019, it has generated verified net profits of 207%. Another popular copy trading strategy at Duplitrade is that of the ‘Robust’ system. On top of major forex pairs, this also focuses on gold and indices.

DupliTrade Copy Trading

FXTM is applauded for its user-friendliness and educational materials, and has a 3.4 score on Trustpilot. As we speak, Zignaly’s crypto copy trading tool is being used by approximately 100,000 crypto investors with over $75 million in combined linked balances. This simple, results-driven tool allows you to easily select and copy expert crypto traders and earn an income off of their strategies.

That is to say, you simply need to open an account with the broker, deposit funds, and then select which traders you wish to copy. Copy-trading allows users to select the specific investment strategy they wish to follow. Copy trading is an innovative investing strategy https://www.sitejabber.com/reviews/primexbt.com where users copy the trading activity of other investors. Sometimes the term social trading is used instead of copy trading. Copy trading is a great way to get started in the markets, as it allows you to learn from and copy the trades of more experienced investors.

The downside of the platform is that it offers a limited number of financial instruments to trade compared to other brokers. Still, it’s enough to create a diversified portfolio with balanced trading strategies. OctaFX offers you full control over your portfolio – you can start to follow and copy an unlimited number of experts any time you want, but also stop copying them. With this social trading platform, you can copy strategies from one or more traders, even up to 100, at the same time. You can also choose whether you want to copy the trader’s entire portfolio or only the latest positions.

This means volume and trade execution is rarely a problem, which isn’t always the case with other platforms not found on this list of the best crypto copy trading platforms. While finding a profitable trader to copy is still up to you, we’ve saved you the hassle of finding them for yourself. After extensive research and putting dozens of copy trading platforms to the test, we’ve rounded up 13 of the best crypto copy trading platforms in the industry today.

Your funds are not kept on our platform, our trading robots cannot make withdrawals, just execute orders. Bingbon is a crypto exchange offering both spot & derivatives trading services. Bingbon started as a derivatives exchange in 2018 but subsequently entered the spot trading arena in 2021. Join the crypto social trading revolution, copy smart trading portfolio performance automatically. Founded in 2018, Bingbon is a crypto social trading exchange that offers both cryptocurrency spot & derivatives trading services.

MetaTrader 5 offers desktop, web, and mobile versions of the platform. This one of the best social trading platforms uses the MQL5 language, the automated trading software that mostly runs on your computer and trades for you. When entering the world of social forex trading, it’s crucial to have a good platform for copy trading to help you figure out how everything works. Our list of trading platforms features both brokers and copy trading software providers, so you’ll have plenty of options to choose from.

• Although it is not as prolific as MT4 or 5, it’s used widely among more niche brokers.
• You can start out copying top traders at FXTM with a minimum deposit as low as $100.
• At eToro, you can specify two key metrics to find a top-rated trader that meets your goals – which are listed below.
• Secondly, MT4 is a third-party trading platform and not a broker.
• You simply monitor the strategies you’re copying and make adjustments as needed to minimize losses and maximize profits.

The main concept here is that the robot will trade in a fully automated manner. The next copy trading option that you have at your disposal is to utilize an automated robot. Otherwise referred to as a ‘bot’ or ‘EA’, the best trading robots are pre-programmed by third-party developers and backed by an algorithm.

PrimeXBT is a copy trading platform that allows traders of all experience levels to novices alike. It helps Professional traders to monetize their skills by allowing others to copy their strategies. Many platforms use algorithms to automatically select the best traders to copy, but you can also do that manually.