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Cryptocurrency offers relatively new opportunities for growth in the financial industry, along with volatility. Several companies are now offering Copy Trade services for popular cryptocurrencies such as Litecoin, Ethereum, and Bitcoin.

Copy trading platforms let investors copy professional traders. The best trader's investments are replicated in the user's portfolio, allowing for passive trading.

It provides a simple way for new investors to get started in the markets and for experienced investors to diversify into new asset classes or strategies. Take a look at the best copy trading platforms listed below.

Demo Account

Yes

Minimum Deposit 

250$

Trading assets

Forex, CFDs, indices, shares, commodities, cryptos

Demo Account 

Yes

Minimum Deposit

$50

Trading assets

Crypto, CFD, Stocks, ETF

Demo Account Yes

Minimum Deposit 

$50

Trading assets

Forex, indices, commodities, cryptos.

Demo Account Yes

Minimum Deposit 

$100

Trading assets

Forex, Cryptos, Stocks, Commodities, Futures, Indices, Bonds, ETF.

Demo Account Yes

Minimum Deposit 

$0

Trading assets

Crypto, Forex , commodities and indices

Demo Account Yes

Minimum Deposit 

$200

Trading assets

Forex, Cryptos, Stocks, Commodities

Demo Account Yes

Minimum Deposit 

$10

Trading assets

Forex, Cryptos, Stocks Indices, Commodities, Metals

Demo Account Yes

Minimum Deposit 

Depends on the third-party broker

Trading assets

Forex, stocks, ETFs, indices, metals, oil

Demo Account Yes

Minimum Deposit 

N/A 

Trading assets

Forex, Stocks, Cryptos

Demo Account Yes

Minimum Deposit 

100$

Trading assets

Trade Forex, Gold, Oil, Indices & more

Demo Account Yes

Minimum Deposit 

$10

Trading assets

Cryptocurrencies (Choose among 13k+ elite traders)

Demo Account Yes

Minimum Deposit 

0$

Trading assets

Popular cryptos and blockchain assets

Crypto copy trading is an excellent pick if you're new to the cryptocurrency market because crypto trading consumes a lot of effort and research. For instance, you must process trades and monitor the industry using technical analysis. Such skills and research take time to develop. 

Many traders use copy trading as it helps in making money with little energy and cost. However, with the wrong strategies, investor accounts lose money when trading. It's one of the reasons we've compiled a list of the best copy trading platforms for traders.

Copy trading is when you automatically do the same thing as other traders when they open or close a trade. You can learn to trade by joining an online forum and learning from others who have already mastered a particular strategy.

It is a way to make money by buying and selling assets in different financial markets. This includes buying and selling FX and CFDs on Stocks, Commodities, Indices, and Cryptocurrencies. You can also do this with bitcoins (BTC).

Mirror trading vs. copy trading

There are different ways to copy trade. With mirror trading, you have to follow each signal without any manual input. But with copy trading, you can select the trader whose trading activities you want to copy. There are a few best copy trading platforms we will discuss below.

Copy trading lets you invest like traders who have already made fruitful investments. So, it can help you if you want to trade but don't know how to start. You can find a platform that has different assets and features.

Then, you can research the traders and decide who to follow. You can also customize how much risk you want to take on and what signals you want to copy. 

Consider a trader's history and performance before following them. Also, think about the fees associated with copying them. Some platforms charge a percentage of profits, others a flat fee.

In simple words, firstly, find a copy trading broker. Then open a broker account, deposit money & just find a trader to copy.

Choosing a copy trading strategy requires some study. Finding a strategy that fits your investment plans and risk tolerance is vital. Automated copy trading is possible, along with manual copy trading.

Also, there are different copy trading strategies, such as long-term or short-term investing, trend following, or mean reversion. Identifying if your trading strategy matches other vendors' is crucial. It would prevent excessive risk-taking.

You can find a copy trading strategy that works for you by trying different approaches. It's also essential to monitor and adjust your strategy. Copy trading beginners should start small and gradually increase their investment size as they become more confident. 

When choosing the best copy trading platform or software, let's look at some things to consider.

Ease of use: The forum should be easy to use for new traders.

Asset selection: The platform should offer a variety of assets to diversify your copying portfolio.

The Size of trader network: An extensive trader network shows that many people have benefited from the software. A smaller trader's network can also be sufficient, but it's likely new.

Fees: Some crypto copy trading software is free, but others cut your profits. The platform should have low or no trading fees.

Reliability: The platform should be consistent and reliable. The best way to check software reliability is to read online reviews. Avoid software with too many negative reviews.

Crypto exchanges it supports: Identify if you use the exchanges it supports. You don't want crypto copy trading software incompatible with your cryptocurrency exchanges.

Reputation: The platform should be well-known among traders.

Safety and security: A safe and secure platform with anti-fraud solid safeguards for your account and personal information.

Regulation: A reputable financial authority should regulate the platform.

Demo/ Trial account: A demo account for you to test out before investing real money.

Languages supported: The platform should support your language so that you can use it without difficulty.

Countries that are supported: The platform should be available in your country.

We will discuss the best copy trading platforms we have chosen for you below.

You must understand where your target market can be found. The most dependable copy trading platform is listed below. These platforms offer numerous features and advantages.

Naga is a copy trading platform founded in 2015. However, it has gained a strong following among traders, especially in Europe. More than 500,000 traders use the NAGA platform. Over 950 assets are on NAGA's platform.

Naga copy trading service copies your trades automatically. It helps you find other investor's stats on the leader board and copy them for the most profit.

Naga is famous because it's easy to use. Even first-time traders will find the platform easy to use. It has different features and tools to help traders make decisions.

Best features

Drawbacks

Because of the useful features it provides, eToro is also one of the best copy trading platforms. It allows copying successful traders in the eToro community. Users can interact and learn from each other's trading strategies on eToro.

It offers a variety of capital market tools. Invest in cryptocurrencies, stocks, commodities, ETFs, and more.

eToro lets you trade in a demo account before using real money. It is a great way to test the platform and ensure you like it.

Disclaimer: 68% of retail CFD accounts/ retail investor accounts lose their money on eToro when trading CFDs. Consider if you can risk losing money.

Best features

PrimeXBT is an excellent copy trading platform. It's a fully-fledged trading platform so that you can do more than copy trade on PrimeXBT. It assists professional investors in monetizing their skills by enabling others to copy their techniques.

They provide high liquidity and tight spreads across all markets. Spreads start as low as 0 on Bitcoin, Ethereum, Litecoin, Ripple (XRP), EOS, Cordano, Polkadot, Uniswap, Chainlink, and Dogecoin.

PrimeXBT is excellent for both experienced and new copy traders.

Best features

Ava Trade has been around for over 10 years and consistently provides excellent service. This platform offers CFDs on 1,250 instruments. AvaTrade doesn't support copy trading but integrates with third-party providers.

ZuluTrade and DupliTrade are included. The user has to pick a provider and investor to copy. Both third-party platforms let users copy seasoned investors' trades with a click. AvaTrade requires an account and a $100 deposit.

The platform can combine copy trading with a personalized strategy. It offers 0% commission and competitive spreads on trading CFDs. Before trading Forex, read the AvaTrade risk disclosure.

Best features

BingX is a global crypto social trading exchange that offers simple, easy-to-use, and competent trading products and services.

BingX's Automatic Copy Trading function is unique. This tool lets traders copy expert trades with one click. The copy trading supports DeFi, NFT, Indices, Commodities, Forex, and Layer2.

It lets users trade cryptos like BTC, ETH, AXS, Safemoon, USDT, and Dogecoin. It provides a secure platform to buy, sell, and trade Crypto safely.

Best features

Similar to eToro, you must find an experienced trader who matches your financial goals. You can choose from more than 10,000 ZuluTrade investors.

It is an easy-to-use copy-trading platform. Because opening an account and depositing funds takes minutes, you can start copy trading immediately.

ZuluTrade isn't regulated like eToro. You need to link your ZuluTrade account to a broker such as AvaTrade. The platform supports ZuluTrade and allows commission-free trading in thousands of markets. 

Best features

FXTM is a forex and CFD copy trading platform. This 2011 platform dominates copy and social trading. Also, being an active ECN broker in Asian and African marketplaces, they offer many account types.

It hosts clients on broker platforms for social trading. Social trading lets you use trading signals and pay the source. You pay the strategy providers if you win.

You can utilize FXTM Invest to search for and copy traders who match your targets. Profit growth, risk level, amount of capital managed, and returns can help you choose traders.

Best features

cTrader is a third-party option that must be linked to a broker. Pepperstone is the most efficient copy trading platform in this regard.

It is a community where experienced traders can share their strategies, and they can be copied.

The strategy broadcaster earns a commission while newbies trade fully automatically. After choosing an investment strategy, you can set up risk-management tools to meet your goals.

Best features

Our another choice among the best copy trading platforms is MetaTrader 5. Meta Trade 5 is an exchange and Forex platform. This forex copy trade provider employs MQL5, an automated trading framework that runs on your device and executes trades on your behalf.

This copy trading service lets you simultaneously open 100 currency or stock charts. The 21 timeframes facilitate the complete analysis of minor price changes.

MetaTrader 5 is available on desktop, web-based, and mobile apps. 

Best features

ASIC-regulated FP markets launched in 2005. For most traders, this broker's main selling point is its diverse variety of tradable assets.

Ffmarkets offers 11 equity indices, 60 Forex pairs, major precious metals, and five cryptos, including Bitcoin. FP markets hybrid ECN/STP execution model lets clients choose between fast ECN and "natural" spreads.

Best features

Bitget is one of the best copy trading platforms in the cryptocurrency market. The Bitget lets you trade 100+ cryptocurrencies, including top ones.

With just one click, align your portfolio with the positions of experienced traders. Can choose 13k+ elite traders to get incredible benefits.

Best features