Although, much like trading for yourself, here you can also incur losses too. There is no fee to send USD to fund a real money trading account. The eToro Academy is populated with online guides and videos, covering everything from how to use Etoro to individual coin profiles and investment strategies. The platform’s News and Analysis section provides the latest market news and thoughtful insights into investing. When you navigate to each coin or managed portfolio, though, you gain access to a unique feed that presents user posts related only to that specific offering. These comments may be helpful in sparking trading ideas for those new to the crypto world, but keep in mind that their quality is not assured.

Therefore you can invest whatever amount you like depending on the broker rules. Provide an alert if a margin call occurred and even allows you to download a spreadsheet of all the simulated trades. ZuluTrade is free to join, as you just need to pay the spread on trades. You can set stop prime xbt review loss and take profit limits to secure your trading profits and limit your losses. Provide free and paid signals are featured on the Signals tab of the MetaTrader platform. Usually, there are several ways to get in touch with the agents, including phone support, email, and live chat.

How to Invest in Cryptocurrency

BingX’s copy trading system also supports DeFi, NFT, Indices, Commodities, Forex and Layer2. In order to display trader’s performance in a more comprehensive way, BingX traders now can enrich their homepage by accessing another exchange’s API. You can start out copying top traders at FXTM with a minimum https://coinsutra.com/crypto-copy-trading/ deposit as low as $100. This copy trading platform also offers the FXTM Invest service for a minimum deposit of $100. This is an international ECN broker who is also very active, particularly in Asian and African markets. It’s advisable to select a platform with a large community of reputable experts.

The eToro is one of the best social and copy trading systems ideal for beginner users who prefer to stick to more simple usability. This website is using a security service to https://www.sitejabber.com/reviews/primexbt.com 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.

Best Crypto Copytrading Platforms & Apps

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It is highly responsive and you can reach them either by submitting your request on the website or through the live chat option on the platform. Basically, this feature allows you to use historical market data to determine how the strategies offered by the platform would have performed in the past. Gate.io is a cryptocurrency exchange that allows its users to use copy trading on its platforms in order to maximize their gains.

Despite being relatively user-friendly, Coinmatics also also provides useful analytical tools for professional traders. As an investor interested in copy trading, all you need to do is open an account, connect your API key, choose a preferred trading strategy, and track its performance. As a professional trader, you can open an account, connect your API key, and set a commission rate for copying your trades. Also, due to the referral program, both types of users have the possibility to gain an additional profit by inviting friends to the platform. For everything it offers, Shrimpy is a powerful tool that’s pretty tough to beat. The 3Commas copy trading platform offers clients plug-and-play Bitcoin and crypto trading robots.

You also need to consider metrics surrounding trading tools and features, educational resources, and chart reading indicators. If your plan is only to follow and copy other traders there is no experience required, although it can be helpful in analysing and selecting a good trader to copy. In reality it is often the traders with no experience who like to use copy trading. It can be a good way to begin growing an account, and if you take the time to analyse the trades being made by those you follow it can also be a very good way to learn about trading too. If you’re a new trader and are worried about losing money with copy trading you could always try it with a demo account first before funding your account. However, some platforms and copy trading apps are semi-automated, but you are only limited to deciding which trades you wish to copy.

Choosing the best copy trading platform is going to depend on your needs as a trader, and how much you’re wanting to invest in copy trading in general. Perhaps one of the biggest advantages to using a copy trading strategy is that it lets you grow your portfolio without spending much time or effort on it, whether you’re experienced or not. Trade Mate is a super helpful platform when it comes to copy trading because they offer advanced features, which means that you can trade on some of the biggest platforms out there very easily. These guys are a great option if you are just starting out in the cryptocurrency community and need some pretty basic features that are easy to use yet going to yield some serious results.

• Then, all new copy trades will automatically be initiated via a market order, according to those parameters, immediately after being placed by your chosen principal trader.
• Finally, although IG is an international brokerage firm with its headquarters in the UK, it is authorized and licensed by all relevant bodies in the US.
• Knowing if you’re getting a strategy from a trader that possesses a solid success rate and solid performance helps to mitigate the risk of losses.

They have apps available for both Android and iOS, and their pricing is 1% of traded capital for one month used. When it comes to the security side of things, they say that they don’t allow withdrawals on API key settings. They also have credible statistics, and two-factor authentication for account protection. This way, you can automatically buy or sell orders, and you can do all this through your account with them. They keep on top of market trends, and they can help you build your crypto portfolio up. This means that you need to have advanced knowledge of technical analysis.

In reality, this platform is based in the United States and is a good option for anyone seeking a high-quality, efficient, effective, and unique crypto trading platform. If you like the ideas of being part of the cryptocurrency community where traders can share and swap trading strategies, you can do that too. You need to make sure that the trader whom trades you are copying has a good success rate and a strong trading performance. Try to stick to the most popular ones on the platform you are using, since those traders are less likely to use black hat methods to manipulate you or the market. Copy trading allows you to make the same percentage of profits or losses a trader makes by connecting your portfolio to his portfolio.