HomeForex Trading PlatformsBest Forex Brokers With Social Trading & Copy Trading

Best Forex Brokers With Social Trading & Copy Trading

Forex social trading networks – a new Forex trend that picked up the speed in recent years. And why not, when the idea of being connected with other Forex traders on the network benefits everyone!

Forex social trading networks are a social environment that offers interaction between active Forex traders in real-time. It allows quick communication, sharing of trading signals, auto-trading and synchronization of order executions between several accounts (between a signal provider and followers) and, of course, commercialization of own trading strategy through selling signal subscriptions to traders.

Social Forex trading offers significant benefits of sharing knowledge with others. Novice traders can follow more experienced traders, while the rest can simply select and subscribe to one of the hundreds of Forex signal providers (traders who are strategies have been showing good performance) and have their own trading adjusted and improved as well (at least that’s the plan).

Social trading networks started as independent projects, but nowadays Forex brokers are more and more interested in having their own trading networks available for their clients since it provides extra features, among which the most desirable is the interaction among traders which stimulates active trading.

1
Min. Deposit
$250
Exclusive promotion
Our score
10
Leverage
400:1
New accounts
Spreads
0.25
PIPs
Regulations
CFTC
Forex Pairs
11+
No Fee
Start trading
Pros:
Regulated by CFTC
Low fees and minimums
A good selection of educational content, including videos and webinars
Payment methods
ACH, Debit Card, Wire Transfer
Full regulations list:
CFTC
Trading on Nadex involves financial risk and may not be appropriate for all investors.
2
Min. Deposit
$10
Exclusive promotion
Our score
9.3
Leverage
500:1
New accounts
Spreads
0.8
PIPs
Regulations
Forex Pairs
55+
No Fee
Start trading
Pros:
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Payment methods
Credit Card, Debit Card, Visa, Bitcoin
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.
3
Min. Deposit
$200
Exclusive promotion
Our score
8.7
Leverage
500:1
New accounts
Spreads
0.5
PIPs
Regulations
FSPR, FMA New Zealand
Forex Pairs
27+
No Fee
Start trading
Pros:
BlackBull Markets’ unique feature lies in its stated goal of delivering an “institutional” trading experience to retail clients
No-Dealing Desk Broker (NDD), with Straight Through Processing (STP) all done on a true ECN
State of the art Equinix servers, based in New York (NY4), London (LD5) and Tokyo (TY3)
Payment methods
Mastercard, Visa, Bank Transfer, Neteller, Skrill, UnionPay, FasaPay
Full regulations list:
FSPR, FMA New Zealand
4
Min. Deposit
$10
Exclusive promotion
Our score
8.5
Leverage
500:1
New accounts
Spreads
0.7
PIPs
Regulations
Forex Pairs
55+
No Fee
Start trading
Pros:
0% Commission Account
Low Spreads
Eco-Account Option
Payment methods
Bitcoin, Credit Card, Debit Card
Full regulations list:
Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice.
5
Min. Deposit
$100
Exclusive promotion
Our score
7.9
Leverage
30:1
New accounts
Spreads
0.7
PIPs
Regulations
NFA, CFTC, FCA
Forex Pairs
No Fee
Start trading
Pros:
Open an account in less than 5 minitues with the global Market leader since 2001
Trade on one of the world's most popular trading platforms with access to dedicated support and integrated trading tools exclusive to FOREX.com
We’ve spent over a decade investing in technology and building a deep network of liquidity partners, so we can consistently quote tight spreads in most market conditions.
Payment methods
Debit Card, Bank Wire, ACH, Credit Card, PayPal
Full regulations list:
NFA, CFTC, FCA, FSA, IIROC, CIMA, FFA Japan, MAS, SFC of Hong Kong
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
6
Min. Deposit
$10
Exclusive promotion
Our score
7.8
Leverage
500:1
New accounts
Spreads
0.7
PIPs
Regulations
Forex Pairs
55+
No Fee
Start trading
Pros:
Can fund with BTC
64 global companies including Netflix and Amazon
Free deposits and withdrawals
Payment methods
Credit Card, Debit Card, Bitcoin, Wire Transfer
Full regulations list:
EagleFX offers leveraged trading on a range of assets within its platform. CFD and Spot Forex trading do carry a degree of risk which may result in you losing more than your initial investment. Please ensure you fully understand the risks involved with leveraged trading and ensure this is not detrimental to your personal or institution's financial well being.
7
Min. Deposit
$250
Exclusive promotion
Our score
7.5
Leverage
30:1
New accounts
Spreads
0.7
PIPs
Regulations
CySEC
Forex Pairs
45+
No Fee
Start trading
Pros:
No commission charged to clients
Over 250 instruments available
Regular Webinars, education and video tutorials
Payment methods
Bank Wire, Credit Card, Skrill, Neteller
Full regulations list:
CySEC
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Brokers who offer Forex Social Trading Networks to own clients:

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Forex Broker Social Trading Network Minimum account Trading platforms Fees
Ayondo Markets Ayondo $100 Ayondo Spreads
BelforFX IsocialFx $100 OpenBook Spreads
BlackBull Markets Myfxbook AutoTrade $100 MT4 free membership
Bulbrokers Social trading $100 MT4 Spreads
CFD1000 Sirix $200 Sirix Spreads
CM Trading Sirix CopyKat $250 Sirix Spreads
eToro OpenBook $50 OpenBook Spreads
eToro Copy.Me $50 OpenBook Spreads
Finpro Trading ZuluTrade $100
RallyTrade xSocial $100 xStation
Gallant Capital Markets Trade Copier $250 MT4 Spreads
Formax CopyMaster $ MT4
InstaForex ForexCopy System $1 MT4 Commission per deal or profit sharing
Forex-Metal FX Replitrader $1 MT4 Spreads + % commission set by a signal provider
Forex4you Share4you $1 MT4 Followers: Free membership. Fixed commission $8 per lot.
Providers: Free membership. Earn from $4 – $7.2 per lot (depending on performance and copied volume) from total copied volume of follower’s orders.
FXOptimax Myfxbook AutoTrade $1000 MT4 free membership
GDMFX Social & Autotrading $100 MT4
GO Markets GO MT4 Community $500 MT4
HotForex HF Social $100 FxStat Spreads
IronFX Sirix $500 Sirix, MT4 Spreads
Larson&Holz First social trading network $25 MT4 Copying traders – in development. Traders “talk” is available.
LiteForex Social Trading Platform $500 MT4 profit sharing (%) + commission
MaxFX Myfxbook AutoTrade, cMirror $200 MT4, cTrader
MFX Broker MFX Social Trading $1
MXT Global FX Copy $100 MT4 free membership
NetoTrade
Nova FX Trading FX Replitrader $500 MT4 Spreads + % commission set by a signal provider
OneTrade FXSTAT (TLEX) $1 $0.55 per mini lot per side
Titan FX ZuluTrade $200
TrioMarkets Sirix $100 Sirix Spreads
TeleTrade Synchronous Trading $100 MT4, MT5 Spreads
USGFX ZuluTrade, Myfxbook $100 MT4 free membership
Vantage FX FX Copy, Myfxbook $100 MT4 free membership
Windsor Brokers SAWA $100 MT4, MT5 Spreads
YouTradeFX Sirix $500 Sirix, MT4 Spreads

Independent Social Trading Networks

Independent Social Trading Networks are networks that don’t belong to any particular broker. They run independently, however allow connecting existing trading accounts from different brokers into the network. This way traders can interact not only within the limited circle of clients from 1 broker, but rather with many traders who trade with different brokers.

Independent Social Trading Networks:

Social Trading Network Supported platforms Commission structure & fees
Collective2 MT4, Trade Station, Ninja Trader Followers: pay % per position copied, established by the provider
Providers: pay $98 for 6 months for being a provider
FX Copy MT4 Followers: Free membership
Providers: Free membership
FX Junction MT4, MT5 Followers: 1 pip per standard lot traded
Providers: Free membership
FXSTAT MT4, MT5, Trading Station, Web based platforms Followers: Fixed commission per trade ($8-10/per lot) or % for successful trades
Providers: Free membership. Earn 50% commission for each transaction.
Liga Forex Liga Forex Commission structure – spreads – is set by each Forex broker, who uses the platform.
MyFxServices MT4, JForex Commission per profit sharing depending on the provider you copy.
Mirror Trader Mirror Trader Commission structure – spreads – is set by each Forex broker, who uses the platform.
Myfxbook MT4, MT5, fxTrade/fxTrade Practice, FXCM Trading Station and Strategy Trader Followers: Free membership or a markup spread (depending on a broker)
Providers: Free membership. Earn 0.5 pips per winning trade
Tradeo Tradeo Commission structure – spreads – is set by each Forex broker, who uses the platform.
ZuluTrade MT4, MT5 Followers: Free membership, pay spreads (depending on a broker)
Providers: Free membership. Earn 0.5 pips per lot traded

We’ve reviewed some of our favourite social trading platforms, see below:

 

Platforms like this make trading the Forex market a lot considerably easier, they help implement risk management by giving traders the tools to do so (normally in the form of automatic orders) and also allow you to perform technical analysis by providing charting platforms. These platforms are only benefiting the financial trading space.