Social investing has opened the door for millions of new investors to get invested in a fun and educational way. Copy trading has gone a step further, making potentially profitable trading accessible to all. In my opinion, the list of best copy trading platforms should begin and end here. Coin Culture is an independent what is copytrading media outlet that aims to provide an Aussie take on crypto, digital assets, and investing. The WunderTrading platform is compatible with several leading cryptocurrency exchanges, including KuCoin, Binance, Kraken, Bybit, OKX, and Deribit. However, what makes WunderTrading stand out is its excellent user interface.

copy trading is best

Both the traders you follow and when you mimic their trades have an impact on how much money you make or lose in the market. It works because you don’t have to have any experience to do it. You don’t have to go through years of trial and error to learn what works and what doesn’t. You don’t have to take courses or read books that explain how the stock market works. You don’t need to learn various forex and stock trading strategies or how to use indicators. You don’t need to lose money while learning how the market works.

Account Types

It helps you to discover other investor’s stats on the leader board and select who to copy to get the highest profit in your trade. Trality is an innovative platform that empowers traders of all levels to benefit from automated trading strategies with ease. PrimeXBT is a copy trading platform that allows traders of all experience levels; from experienced to novices alike.

copy trading is best

Fees from one investor are shared between the money manager and IB. Risk control is what makes the difference between active and passive investments. The platform can be hosted both on a server provided by a client or B2Broker. Your clients can be placed in different groups with different symbol names for one instrument where you can set different price streams and other symbol settings. Followers can see and close any positions that were copied from masters. Attract money managers with a feature-rich Copy Trading platform.

#3: Diversify your masters

The more followers you have and the more they invest in your trading, the more earnings you could generate. “Providers” are the investors participating in the Social Trader. They are traders who have added their strategies on the platform to allow you to copy their positions for a performance fee. Their strategies’ detailed statistics are available for you to see to make transparent and informed decisions.

copy trading is best

Established in 2018, Bybit is a cryptocurrency derivatives platform that supports both inverse and linear perpetual contracts. Registered in the BVI, Bybit’s users come from all over the world, ranging from individual retail clients to professional traders. Bybit’s founder and CEO, Ben Zhou, was formerly from XM, one of the world’s largest forex and CFD trading brokerage firms.

# Meta Trader 5

Copy trading can be lucrative if you can correctly guess which signal providers will succeed. Gate.io is a crypto copy trading platform that allows you to trade over 1,000 coins and has many exclusive features to streamline your trading experience. You can follow and copy a variety of principal traders on the platform. There are 16 trading algorithms to select on this crypto copy trading platform, each adopting a different strategy across various risk and reward objectives. The trading algorithms of Pionex are fully customisable for you to set your parameters to copy trading strategies. For example, you can purchase and sell a crypto pair when an upper or lower price target is met.

Copy Trading requires traders to attach their MT4 accounts to the application and recommends a minimum risk of $250. It is possible to copy multiple traders simultaneously, but traders are advised to follow a small pool to manage risk better. About 100,000 crypto investors with more than $75 million in their accounts use the crypto copy trading tool that Zignaly offers. This easy-to-use, results-driven tool enables you to select and copy the strategies of successful crypto traders with minimal effort. In terms of social features, NAGA lets you find and talk to other people who use the platform. As one of the top crypto copy trading platforms for automated trading, you can copy trade using various strategies.

CryptoRobotics

Do your research and look for a trader that has been successful year after year for many years; this increases your chances of making money over time. This trader is well-versed in the market’s https://xcritical.com/ intricacies and has the ability to adapt quickly. Although automating your trading approach may sound like a smart idea, active account management is still required when using copy trading.

If you are an advanced trader with significant trading experience, Pionex is the finest crypto copy trading platform for you. Traders can tailor their inquiries for traders they desire to copy. Axi provides CopyTrading for trading forex, stocks, indices, commodities, precious metals, and energy. Axi traders can manage their own risk by adjusting personal parameters, so copying trades by professionals do not require novices to assume the same level of risk as experts. However, fees vary depending on the type of account you establish. Using the copy trading tool with a classic account has no monthly or commission fees.

Drawbacks of Crypto Copy Trading

Copy trading is when you follow the trades of another trader. Be sure you are working with a properly regulated forex broker. If Frank Forex has a down year, you can choose to unlink your account with his and move on to Cindy Currency, the next high-rising trader you’d like to emulate.

What is the most profitable copy trading platform?

The best and the most popular professional Forex trading platform White Label solution tailored specifically to your brand. Yes, we have a API in our platform and you can easily integrate it with your trader’s room or create a mobile app. Yes, you can provide your own server that meets technical requirements and we will make a setup there. We will point all alerts from monitoring system to devices of your server administrators.

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