Best Copy Trading Platforms 2021

Did you know that if you copied the top 50 traders on one of the best copy trading platforms of last year you would have made a return of 83.7%? That’s a phenomenal return just copying the trades of other top traders!

You can see why more than 20 million people are using some of the best copy trading platforms in the marketplace today.But you’re probably wondering who provides the best copy trading software and how you can get started?

If you are, then keep on reading to find out!

Best Copy Trading Platforms 2021 List

If you’re eager to get started right away, then below is a quick list of the best copy trading platforms of this year. 

Be sure to keep on reading as we go through each of them in-depth, providing you with the best information to get started. 

  1. eToro – Overall Best Copy Trading Platform Worldwide
  2. AvaTrade (AvaSocial) – Best FCA Regulated Copy Trading Platform 
  3. ZuluTrade (via VantageFX) – Best Forex Copy Trading Platform
  4. DupliTrade (via VantageFX) – Best MetaTrader 4 Copy Trading Platform
  5. NAGA – Best Social Copy Trading Platform

Best Copy Trading Platforms Reviewed 

When using a copy trading platform there are a few things to be aware of. For example: How safe is your capital? Are there are fees? Are they regulated? Can you deposit and withdraw funds easily? 

This is why we cover each of the best copy trading platforms in detail below. 

1. eToro – Overall Biggest & Best Copy Trading Platform Worldwide

etoro brokereToro is by far the biggest and best copy trading platform in the world. More than 20 million people use the eToro copy trading platform and for good reason. 

First of all, it provides a high level of safety and security of your funds because eToro is authorised and regulated by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). 

eToro copy trading platform
Past performance is not an indication of future results

On top of this, the eToro copy trading platform is 100% free to use! All you need to do is click on the Copy People icon in the platform and view all the different traders available to copy. It’s almost like having your own forex robot

This section has some really great features as it allows you to view the performance of traders and filter for the best ones according to which markets they trade, their risk score, return, etc. 

Once your ready to start copying you can simply click on the trader’s name and then click Copy. The eToro copy trading platform is by far one of the simplest ones to use. You can also make your own trades on more than 2,400+ financial CFD instruments and cryptocurrencies. 

eToro Paid Investor Program

On top of the CopyTrader feature, eToro also provides access to the Popular Investor Program. This is where you can build a track record and get paid when other people follow you and copy your trades. 

There are a few hurdles to go through such as building a track record of performance over a minimum number of months and making sure you stay within a certain risk score. But, this is also why it makes it very interesting for copy traders as you know the person you are copying has to pass a few benchmarks. 

However, for most people, you may feel more comfortable following the professionals. This is where the eToro Invest in CopyPortfolios feature comes in.  The eToro CopyPortfolio feature allows you to invest in market themes that have been developed by an in-house, investment management team. These are essentially ready-made portfolios for you to invest in. 

Portfolios include a wide variety of themes such as Mobile Payments, Drone Technology, Food Tech, CyberSecurity, ChinaTech, CannabisCare, CryptoPortfolio and many others. It’s also why eToro is one of the best cryptocurrency trading platforms as well. 

If you’re looking for the simplest copy trading platform to use, which is also one of the safest and biggest in the industry then you should consider eToro. At the click of a button, you can copy ready-made investment portfolios or some of the best traders in the industry.  We also liked the fact the platform is completely web-based and mobile-friendly. 

Pros

  • FCA, CySEC, ASIC regulated
  • More than 20 million social trading members
  • Simple to use, yet feature-rich
  • Wide selection of traders to copy through CopyPeople
  • Large range of ready-made CopyPortfolios covering major market themes
  • Trade on more than 2,400 markets commission-free
  • Fee-free deposits
  • Easy to get started

Cons

  • Small withdrawal fee ($5)

67% of retail investor accounts lose money when trading CFDs with this provider. 

2. AvaTrade (AvaSocial) – Best FCA Regulated Copy Trading Platform 

avatrade brokerAvaTrade is a forex broker that is regulated all over the world. It has recently joined forces with FCA-regulated firm Pelican Trading to provide investors access to the AvaSocial app. The app allows investors to learn from other traders, communicate with them and copy their trades. 

The AvaSocial app is actually a lot more than just a copy trading platform. It allows you to join groups and discussions led by expert traders. This allows you to learn about trading while copying other successful traders and is also one reason it is considered a top social trading platform too. 

AvaSocial copy trading platform

The AvaSocial app is available on Android and iOS operating devices and provides a high level of safety and security as it is regulated by the FCA. As trades are cleared through AvaTrade, it’s useful to know they are regulated in six different jurisdictions and offer zero deposit and withdrawal fees. 

Pros

  • AvaTrade regulated in six different jurisdictions
  • AvaSocial partnership with FCA regulated Pelican Trading
  • Zero deposit and withdrawal fees
  • Access more than 1,250+ markets
  • 100% commission-free trading
  • Trade forex, cryptocurrencies, stocks, commodities and more
  • Spread betting or CFD trading accounts available

Cons

  • Inactivity fees

71% of retail investor accounts lose money when trading CFDs with this provider

3. ZuluTrade (via VantageFX) – Best Forex Copy Trading Platform

vantagefx brokerZuluTrade was founded in 2007 and has grown to become one of the most well-known copy trading forex platforms in the world. However, it has done this without even using its own platform! 

The ZuluTrade platform connects to the world’s most popular trading platforms MetaTrader 4 and MetaTrader 5. While these platforms are offered by forex brokers, the Australian-regulated VantageFX provides one of the best integrations to ZuluTrade for copy trading forex signals

ZuluTrade VantageFX copy trading platform

With VantageFX, you can view all of the top-performing traders ranked by ZuluTrade. This is done by a feature called ZuluRank which uses a proprietary algorithm analysing a number of different factors to help find the best signal provider for you. 

There is also an in-built account protection feature that monitors performance 24/7 called ZuluGuard. This is on top of the Risk Management tool which allows you to track the risk of each signal provider.

ZuluTrade Vantage FX copy trading platform

As ZuluTrade is a top-notch copy trading platform, VantageFX is a top-notch forex broker offering a high level of safety and security due to its regulation by ASIC, CIMA and VFSC. 

With VantageFX you can access a raw spread or commission-free trading account with zero fees for deposits.

Pros

  • VantageFX regulated by ASIC, CIMA, VFSC
  • ZuluTrade long-standing reputation
  • Easy to set up via MetaTrader 4 trading platform
  • Access raw spreads and commission-free trading
  • Find top traders using ZuluRank
  • Manage risk properly with ZuluGuard

Cons

  • Inactivity fees
  • Need to use third-party software

There is no guarantee you will make money when trading CFDs with this provider.

4. DupliTrade (via VantageFX) – Best MetaTrader 4 Copy Trading Platform

vantagefx brokerDupliTrade is another copy trading provider that connects with VantageFX. Founded in 2017, the copy trading software allows you to simply duplicate the trades of other traders. What stands this provider apart is the fact they only accept audited traders on a real account. 

Many other copy trading platforms will show traders who trade off a demo account and live account. Of course, if the person you are copying doesn’t want to trade their own money then that’s a bit of a red flag. Fortunately, DupliTrade doesn’t allow that. 

Duplitrade VantageFX results

The number of traders you can copy is far less than some of the other providers. DupliTrade does this by design. As they only accept traders with real month, with a proven track record and audited performance there will be fewer traders to copy but the quality is likely to be far higher. 

Using DupliTrade via VantageFX is simple to set up. All you need to do is connect your MetaTrader 4 platform in a few simple steps. There are some additional features we like as well, such as the 24/5 customer service and access to raw spreads and commission-free trading. 

One thing to note is that you need to fund a VantageFX account with a minimum of $2,000 to get started.

Pros

  • Only real money traders on DupliTrade to copy
  • VantageFX regulated by ASIC, CIMA, VFSC
  • Higher quality traders due to auditing process
  • Simple to setup via MetaTrader 4
  • ECN trading accounts available

Cons

  • Minimum deposit $2,000

There is no guarantee you will make money when trading CFDs with this provider.

5. NAGA – Best Social Copy Trading Platform

Naga logoNAGA is another copy trading provider that is relatively new to the scene. They are doing something right though as they have more than 1 million users on their social and copy trading network. The platform is web-based and provides a lot of features which be a bit overwhelming for beginners but great once you get the hang of it. 

You can trade a wide variety of asset classes with NAGA, covering more than 950+ instruments over forex, cryptocurrencies, stocks, indices, commodities and more. Furthermore, NAGA is fully regulated and is part of the NAGA Group which is a public company on the Frankfurt Stock Exchange. 

Naga copy trading

In the NAGA platform, you can access a live feed for the latest news announcements, a markets page to trade yourself, as well as a top traders page where you can view the best performing traders. You can also search for them yourself using the filters in the top menu. 

The performance search and filtering process aren’t as rigid as some of the other platforms like DupliTrade but it is very simple to start copy trading. Once you click Auto Copy, it asks you to choose your copy trading settings, as shown below. 

NAGa copy trading window

There are also a few other useful features such as the NAGA Crypto Wallet to start trading crypto signals and an Academy. One slight downside is that you have to pay a fixed €0.99 fee per trade to copy a trader. This could easily add up if they are active.

For any profitable €10+ trade, you will also have to pay a 5% fee for copying a trader’s order. 

Pros

  • CySEC regulated
  • Simple to use, feature-rich platform
  • Trade more than 950+ instruments
  • Access the NAGA Crypto Wallet
  • Interact with other traders
  • Live market news feed


Cons

  • Charges fees for copy trading

There is no guarantee you will make money when trading CFDs with this provider.

Copy Trading Platforms Comparison

Now that you know a bit more about each of the best copy trading platforms to focus on for this year, let’s see how they all stack up against each other regarding fees and tradable assets. 

Copy Trading Platform Tradable Assets Copy Trading Fees Rating out of 5
eToro 2,000+ covering forex, stocks, indices, commodities and cryptocurrencies Zero. Spread only 5
AvaSocial 1,250+ instruments Zero. Spread only 4.6
ZuluTrade (via VantageFX) 300+ instruments STP: Zero, spread only. 

ECN: From $3 per lot per side, low spread

4.4
DupliTrade (via VantageFX) 300+ instruments STP: Zero, spread only. 

ECN: From $3 per lot per side, low spread

4.4
NAGA 950+ instruments €0.99 per copied trade

Profit > €10, additional 5% fee

4.2

 

What is Copy Trading?

Copy trading is a simple idea. You find traders with results you would like and simply copy their exact trades onto your own account. This revolutionary way of trading the market first started with binary options copy trading which subsequently gave it a bad rep. 

However, companies like eToro have brought huge amounts of credibility and standards to copy trading. You can now copy and interact with other traders through regulated brokers, giving you a high level of safety and security of your funds. 

There are now millions of traders around the world earning from the markets by copying the trades of other successful traders, or by getting paid when other people copy their own trades. 

Bringing the trading community together in a social setting is just one reason copy trading is now so popular. 

What Assets Can You Copy Trade?

You can trade a variety of asset classes when it comes to copy trading. However, not all platforms will allow you to trade all asset classes. When using external copy trading platforms like ZuluTrade and DupliTrade you may be limited to the assets offered by your broker. 

This is why the eToro copy trading app is by far the most popular in the world as it is the broker who offers the copy trading platform. Effectively it’s all in one! You can copy cryptocurrency, stock, forex and commodity traders! 

Best Traders to Copy

One of the most important elements to profiting from copy trading is to follow other successful traders. eToro makes this search super easy through all of the filters available. 

To save you time, here is a selection of some of the top traders on eToro right now for the different asset classes. While the past is no guarantee of the future is a great place to build from!

Cryptocurrency

Through using the eToro filters and selecting Crypto, we can see a selection of the top cryptocurrency traders below: 

eToro best crypto trader
Past performance is not an indication of future results

At the top is JeppeKirkBonde from the United Kingdom. He has the most amount of copiers at 27,960. While his last 12-month return of 60.96% is not as high as CPHequities at 89.61%, his weekly drawdown is much lower at just -5.61% instead of -11.12%. 

By clicking on JeppeKirkBonde we can see more details of his performance over time. This includes the monthly profit and loss, as well as the holdings within the portfolio. 

eToro best crypto trader performance

One of the best things about eToro is that to copy this trader you just need to click the Copy button!

Stocks

Now that we’re looking for the best stocks trader we simply remove Crypto from the filter and select Stocks. We have also filtered for traders who have more than 500 people following them. 

From these results, we can see that CPHequities from Blue Screen Media ApS provides some interesting performance statistics over the past few years. 

eToro best stocks trader

What’s good about this is the consistency. You may find some traders performing well in excess of 1,000% but it might only be for the past few months on a few lucky trades. 

The longer the track record the better. CPHequities has a positive annual track record for many years. You can also see that he has more than $5 million in assets under management from the screenshot below. 

eToro best stocks trader performance

Currently, he has 15,541 copiers and can see he is more of an investor than a trader with a total of 137 trades with 62.05% of them on stocks. 

Forex

To find one of the forex copy trading providers, we change one of the filters to Currencies. One of the most followed forex traders is CanZhao from Singapore with 5,701 copiers and a risk score of 5 which is at the higher end. 

eToro best forex trader
Past performance is not an indication of future results

His overall return for the past 12 months is 70.36% with a weekly drawdown of -6.74%. The currency market is more volatile than other markets which is why the risk scores are generally a bit higher for most of the top forex traders. 

How to Start Copy Trading on eToro

eToro is by far the biggest and best copy trading platform in the world. You can join 20 million other users and start copying traders in just a few minutes! Follow our quick four-step process outlined below. 

Step 1: Open an Account

Opening an account with eToro is a breeze. Once you click the Join Now button you will be asked to create an account with your username, email and password. After accepting the terms and conditions you can then go through a quick application process. 

eToro create account

As eToro is regulated, you will need to verify your identity and address by uploading proof of ID (passport or driver’s licence) and proof of address (bank statement or utility bill not older than 6 months). 

Step 2: Deposit Funds

To deposit funds, simple click the Deposit Now button in the eToro platform. It’s a very simple process and it’s also commission-free! Deposit methods include:

  • Bank transfer
  • Debit/credit card
  • Neteller
  • Skrill
  • PayPal

 

Step 3: Find your Trader!

To start looking for traders to copy, simply click the Copy People icon in the left menu. eToro already provides some suggestions through its preset categories: Most Copied, Trending, Long-Term Stock Investors, Long-Short Investors, Multi-Strategy Investors. 

You can click View All to view the selection within these categories, or you can use the filters at the top to customise your own settings. Here, you can search for performance statistics, markets traded, etc. 

eToro copy people window
Past performance is not an indication of future results

Step 4: Click Copy!

Once you’ve found your chosen trader, click the Copy button. A popup window will appear that allows you to customise your settings for copying. This includes the amount you want to invest, as well as the amount you are willing to lose. 

eToro copy trading window

Once you have confirmed this, any trade your chosen provider takes will be copied onto your own account. Be sure to keep track of how things are going. You can also interact with the trader and other copiers in the eToro Feed section. It’s a great way to ask questions and learn more about copying the trader. 

eToro – Overall Biggest & Best Copy Trading Platform

While the concept of copy trading is relatively new, it has grown exponentially in the last few years. More and more people are becoming aware of the opportunities in the financial markets and are using the global trading community to do so.

However, choosing the right copy trading platform and the best traders to copy can take some time. That’s why in this review we did the work for you! The copy trading platforms mentioned above are all regulated and provide good features. 

eToro is the standout provider though with more than 20 million users, the ability to trade on more than 2,000+ financial instruments 100% commission-free! Get started today and see for yourself – it’s free to open an account!

etoro logo

67% of retail investor accounts lose money when trading CFDs with this provider. 

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