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Best copy trading platforms 2022

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 LitecoinEthereum, 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.

List of Top 12 Copy Trading Platforms

NAGA logo - DCA Profit

NAGA

Demo Account

Yes

Minimum Deposit 

250$

Trading assets

Forex, CFDs, indices, shares, commodities, cryptos


eToro Logo - DCA Profit

eToro

Demo Account 

Yes

Minimum Deposit

$50

Trading assets

Crypto, CFD, Stocks, ETF


PrimeXBT logo - DCA Profit

PrimeXBT

Demo Account Yes

Minimum Deposit 

$50

Trading assets

Forex, indices, commodities, cryptos.


AvaTrade logo - DCA Profit

AvaTrade

Demo Account Yes

Minimum Deposit 

$100

Trading assets

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


BingX Logo - DCA Profit

BingX

Demo Account Yes

Minimum Deposit 

$0

Trading assets

Crypto, Forex , commodities and indices


ZuluTrade logo - DCA Profit

ZuluTrade

Demo Account Yes

Minimum Deposit 

$200

Trading assets

Forex, Cryptos, Stocks, Commodities


FXTM logo - DCA Profit

FXTM

Demo Account Yes

Minimum Deposit 

$10

Trading assets

Forex, Cryptos, Stocks Indices, Commodities, Metals


Pepperstone cTrader - DCA Profit

Pepperstone cTrader

Demo Account Yes

Minimum Deposit 

Depends on the third-party broker

Trading assets

Forex, stocks, ETFs, indices, metals, oil


MetaTrader 5 logo - DCA Profit

MetaTrader 5

Demo Account Yes

Minimum Deposit 

N/A 

Trading assets

Forex, Stocks, Cryptos


FP Markets logo - DCA Profit

FP Markets

Demo Account Yes

Minimum Deposit 

100$

Trading assets

Trade Forex, Gold, Oil, Indices & more


Bitget Logo - DCA Profit

Bitget

Demo Account Yes

Minimum Deposit 

$10

Trading assets

Cryptocurrencies (Choose among 13k+ elite traders)


Gate.io Logo - DCA Profit

Gate.io

Demo Account Yes

Minimum Deposit 

0$

Trading assets

Popular cryptos and blockchain assets


Copy trading Cryptocurrencies

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.

So, what exactly is "copy trading" all about?

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.

Crypto trading: How does copy trading work & How to get started?

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.

Benefits of copy trading

An easy way to invest in the financial markets.
Copy trading can generate profits with less effort.
Automatically copy winning trades. Create an account and let the platform do the rest.
Learn from experienced traders and diversify your portfolio.
You can monitor multiple traders' performance and decide who to copy.
You can profit from market opportunities, and stop-losses and take-profits help you manage risk.
Copy trading platforms offer a variety of markets and strategies so you can meet your investment goals.
Also, platforms let you monitor and manage your investments to stay on top of the markets.

Risks of copy trading

When copy trading, you trust the copied person or platform. Bad trades cost money.
Volatile markets move quickly. Unstable investments can quickly lead to losses.
Most copy trading platforms offer leverage, so you can trade more. If the market moves against you, you'll lose money.
Copy trading platforms charge a percentage of profits. If the person you're copying isn't successful, you may lose money.
If you copy someone willing to take more risks than you are, you could lose money.
Unreliable sources of trade have cost people money. Before copying someone's trade, do research.
When you need it, the platform may not be available or work properly.

Utilize the Best Copy Trading Strategies for you

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 strateg