It remains very popular among retail traders. Though many brokers are developing their own social trading platforms, the industry is dominated by specialized third-party companies.

To select the best social forex trading platforms and apps, we tested and reviewed dozens of forex brokers. We opened live accounts and depositing real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service. We have picked ZuluTrade as the best social forex trading platform. ZuluTrade is probably the most popular social forex trading platform.

It maintains and connects a vast community of traders that ranges from novice to expert. ZuluTrade offers works as a signals provider, and newbie traders can also copy the portfolio and trading strategies of expert traders. The platform first offered services only to forex trading, but later extended support for CFDs as well. Though it added binary options too, the services for these controversial instruments were dropped in ZuluTrade has partnered with dozens of brokers, which holds licenses around the world.

It offers an easy to use social trading platform and also keeps its operations transparent. We have picked eToro as the best copy trading platform. eToro revolutionized the copy trading space in the last decade. The Israeli platform was founded in and now operates as a full broker. eToro is focused on novice tradersTraders can easily copy the trading strategies and techniques of expert traders.

The platform also maintains a leader board of all top traders. eToro offers trading services with forex, and CFDs of indices, commodities, stocks, and cryptocurrencies.

It is regulated in the UK, the USA, Australia, and Cyprus. Hundreds of forex brokers license these industry-standard platforms to offer trading services instead of developing their native platform. MetaTrader added signals services in and any trader using anyone of the MT platforms can either subscribe to or provide trading signals.

The popularity of the platform also resulted in forming a major community of traders who can also discuss these signals. We have picked cMirror as the best forex mirror trading platform. cMirror has been developed by Spotware Systems, the same company that built the popular trading platform cTrader. The mirror trading platform was launched in November when demand for such services was skyrocketing.

cMirror allows traders to become strategy providers by broadcasting their trading signals. Other traders can search through the available signals and easily copy or mirror these trading strategies. The signals providers, in return, can earn commissions. We have picked Myfxbook as the best social forex community forum. Myfxbook is one of the best forex community builders where traders can share signals and interact on active forums.

The platform was founded in and since expanded its services in several other areas as well. Myfxbook allows traders to research and analyze markets using an excellent set of analytical tools. Traders can also track, compare and share trading activities. The platform is currently supported by more than brokers. Here is a complete list of forex brokers that offers social trading services either natively or with third-party platforms, which we have tested and reviewed.

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to social forex trading platforms and apps. The US is one of the highly regulated markets when it comes to trading. Similar to any brokerage, social trading platforms in the country also need to register themselves with the NFA to legally offer services in the country.

Some of the regulated social trading platforms in the US are:. Though the Indian capital market is regulated by the Securities and Exchange Board of India SEBI , the regulations are loose when it comes to forex and CFDs trading. Thus, foreign platforms can easily offer services to Indian residents. Some of the good social trading platforms in India are:. Binary options are simple investment instruments, but are banned or highly restricted in most countries due to the scams involved with these instruments.

Though many social trading platforms were offering services with binary options, they dropped the instrument due to the regulatory crackdown. We do not recommend traders to use any of the loosely regulated social trading platforms which are still offering binary options.

Though the Securities and Exchange Board of India SEBI oversees Indian financial services players, forex brokers are loosely regulated in the country. Copy trading allows newbie traders to directly follow the trading activities of any expert.

They copy all the positions in the market taken by the expert. These platforms have become very popular lately, and many platforms are offering such services. Some of the good copy trading platforms are:. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Everything you find on BrokerTested is based on reliable data and unbiased information. Read more about our methodology. Your email address will not be published. Save my name, email in this browser for the next time I comment. Broker Reviews. BlackBull Markets. CMC Markets. All Reviews. Broker Categories. Brokers by Type. ECN Forex Brokers. Zero Spread Forex Brokers.

Cryptocurrency Brokers. MT5 Forex Brokers. Day Trading Platforms. High Leverage Forex Brokers. Forex Brokers for Beginners. All Broker Types. Brokers by Country. Forex Brokers New Zealand. Forex Brokers Australia. Forex Brokers UK. Darwinex is an innovative online brokerage that links experienced traders who operate in the global financial markets with investor capital. Darwinex allows copy trading by investing in a revolutionary investment product called DARWIN.

DARWIN lets you tap into the expertise of professional traders and automatically replicate their performance. The latter is a tradable asset, based on a trader who trades at Darwinex, or on an algo trading strategy. This means clients can buy and sell DARWINs, while the value of each DARWIN depends on the performance of the trader or the automated strategy it is based on. Darwinex will list only traders or DARWINs that are considered investable.

These factors combined represent the so-called DARWIN investor appeal DarwinIA score D-Score. Investors are able to invest in traders only as DARWINs! Currently, more than 2, liquid alpha strategies DARWINs are available to invest in. Their underlying instruments can be currency pairs, shares, commodities, or stock indices.

Strategies DARWINs are not correlated with the market. Darwinex will charge investors an annual 1. The main incentive for traders is to remain consistently profitable. All in all, Darwinex is an unorthodox marketplace for social trading solutions. Unlike traditional social trading platforms, Darwinex does not allow social interactions between traders and investors.

The best forex broker compatible with social trading software ZuluTrade is IC Markets. Founded in , IC Markets is a reputable, multi-regulated broker with a focus mostly on Forex trading, though it also offers Cryptocurrencies and CFDs on Stock Indices, Stocks, Bonds and Commodities, accessed through a range of powerful trading platforms — MetaTrader 4, MetaTrader 5, cTrader.

ZuluTrade is one of the leading social trading platforms, which enables IC Markets clients to select from , experienced traders from countries and trade based on their trading signals free of charge. Auto-trading with the ZuluTrade platform is an appropriate solution for people who do not have the time to establish and test trading strategies of their own, as well as for Forex traders who wish to get rid of the emotional factor in trading.

IC Markets clients can choose experienced traders to follow based on their Zulu Rank. Forex signal providers are ranked based on analysis of their overall performance, exposure, stability, minimum equity required, among other factors. Another valuable feature of this social trading platform includes the so-called Zulu Guard. ZuluTrade also offers a simulative tool, with which IC Markets clients can test possible earnings or losses of particular strategies on their account without the need to go live.

Overall, IC Markets is the best fit for ZuluTrade due to low spreads, reduced slippage, fast withdrawals, superior technology, fast execution and a solid client base of , active traders. We should also note that the ZuluTrade platform is available as an app for Android, iPhone, iPad and Windows phone. Register for a FREE demo account by clicking the button below. FP Markets was hand-picked as the best MyFxBook broker.

FP Markets is one of the reputable CFD and Forex brokers under ASIC regulation with 15 years of business history and over 40 International Awards. The brokerage is also regulated in Europe by Cyprus-based CySEC. Since the broker uses a vast pool of liquidity providers, it is able to offer spreads on major currency pairs that start from 0.

In other words, perfect conditions for short-term trading systems — day trading and scalping copy trades. With AutoTrade, provided by Myfxbook. com, clients can copy a vast selection of trading systems directly into their FP Markets MT4 account.

They simply need to connect their live trading account on FP Markets MT4 platform to MyFXBook tool to begin looking for a suitable trading system to copy. Clients do not have to rent a VPS of their own, since everything they need will be provided.

Fusion Markets was selected as the best forex broker compatible with DupliTrade. DupliTrade is a popular automated trading software that focuses entirely on copy trading features and discounts the social aspect. Founded in , Fusion Markets is a trading name of Gleneagle Asset Management Limited, an entity based in Melbourne and regulated by the Australian Securities and Investments Commission ASIC. We should note that DupliTrade hand-picks and recommends only traders with a proven track record and considerable trading experience.

Another advantage is that the platform allows clients to automate their trading with ease on their account with Fusion Markets by using trading signals from selected successful traders. All in all, Fusion Markets offers a trading environment that is conducive to automated copy trading. Trading costs are low, the trading software infrastructure is solid, and the broker follows strict regulatory guidelines.

Similar to other Forex brokers, Fusion Markets allows clients to get a taste of copy trading on a free demo account before they start trading with real money. AvaTrade was selected for providing the best trading conditions for social trading in MetaTrader 5 — MQL5 signals.

AvaTrade is among the top CFD and Forex brokers globally, as it is regulated on five continents and has offices in nine countries. The brokerage is fully compliant with regulatory standards of some of the most reputable regulatory agencies. MQL5 is fully integrated with MT4 and MT5, thus allowing AvaTrade clients to subscribe to trading signals from a plethora of providers without leaving their trading platform.

MQL5 brings a number of benefits to traders, such as no hidden fees or commissions, no minimum deposit requirement and a faster signal execution due to its global cloud infrastructure. Additionally, since AvaTrade has no restrictions on scalping or short selling and offers competitive spreads across its list of Forex and CFD products, clients can choose from a multitude of trading systems and styles, which to copy.

com is the best pick for trading signals in MetaTrader 4. Established in , Markets. com is a subsidiary of Playtech, a Fintech company listed on the London Stock Exchange. The www. com domain is operated by Safecap Investments Limited, an entity regulated in Europe by Cyprus-based CySEC and in South Africa by the FSCA.

The social trading feature along with the trading signals is powered through MQL5 signal service. com live trading account without leaving the platform. With Markets. com, traders can test copy trading with MT4 signal service also on a free demo account. Signal providers can be selected based on their trading history, the number of subscribers, growth percentage, funds under management or maximum drawdown.

Additionally, the variety of Forex and CFD products available over 2, tradable instruments coupled with a full suite of technical indicators, opens the door to countless trading systems that could be copied. Yet, retail clients should bear in mind that the trading signals service cannot be considered as investment advice and they may act on signals at their own risk. Additionally, traders can opt for Markets.

com proprietary Signals tool that covers over 8, assets. View Market. A social trading platform is a piece of software that allows traders to interact with one another, share their trading ideas, issue trade signals, comment, automated copy trading and mirror trading in real-time. Check out a list of forex brokers that offer access to signals providers: Best Forex Signals Providers. Based on analytical tools, risk management tools, the network of professional traders, auto-copy trading feature and compatibility with the most popular trading platforms, MyFxBook AutoTrade followed by MQL5 and Duplitrade are the best forex social trading platforms.

The best forex broker for social trading is the ASIC and FCA regulated broker Pepperstone. For an in-depth review of the Australian-based broker, Pepperstone please click HERE. All reviews and ratings on Compare Forex Brokers are compiled using our proprietary scoring system.

We based our selection of best forex social trading platforms based on popularity, range of tools, network of traders, copy trading features, trading costs and so much more. Overall, Pepperstone offers a diverse list of social networks that are complemented by superior trading conditions. On the other hand, eToro has one of the largest social networks, but it comes with higher trading costs, while IC Markets is the best choice for the social trading platform ZuluTrade.

Online trading with the help of social trading carries high risk. Over-leveraging, reckless trading, human factor, software errors and so much more can hinder your success. Cryptocurrency Trading Disclaimer : Due to the imposed ban on cryptocurrency trading, FCA regulated forex brokers are prohibited to offer crypto-assets to UK retail traders.

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Home » Best Forex Trading Platform » Best Forex Social Trading Platforms. Best Forex Social Trading Platforms Good forex social trading platforms include tools that enable copy trading and to socialise and learn from and the best traders. Written by Justin Grossbard Written by Justin Grossbard Co Founder. Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising.

Learn more this here. Best Forex Social Trading Platforms See our forex brokers with the best social trading platforms Pepperstone — Best Range Of Social Trading Tools Overall eToro — Top Trading Platform for Social Trading FXCM — Choose from Trading Central and NinjaTrader Darwinex — Social copy trading extensive community IC Markets — ZuluTrader Social Trading Software FP Markets — Best For Social Trading with MyFXBook AutoTrade Fusion Markets — Good Broker that offers DupliTrade.

Visit Site. Our Rating. Review Of Pepperstone. Review Of eToro. Review Of FXCM. Review Of IC Markets. FP Markets Review. ASIC Australia. FCA UK. FSCA South Africa.

CYSEC Cyprus. IIROC Canada. DFSA Dubai. BaFin Germany.

Best brokers list FXTM FP Markets AvaTrade BlackBull Markets What is Social Trading? Selecting a Social Forex Trading Broker Account Types Social Trading Forms Flexibility How Do I Start Social Trading? Home Forex Brokers Types Best Forex Broker 4 Best Social Forex Trading Platforms in [month,year] Top Forex Social Trading Brokers.

Affiliate Disclosure. Affiliate Disclosure DailyForex. com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing.

Huzefa Hamid. Updated on August 17, Get Started. The ratings shown on DailyForex. Read more on FXTM. Read more on FP Markets. Read more on AvaTrade. Read more on BlackBull Markets. How we rank our brokers. Best all-around broker with high floating leverage and fast execution. FXTM provides one of the best social trading platforms with more than 2,, clients and an excellent cost structure. Big Four accountancy PricewaterhouseCoopers Limited PwC confirms the trader-friendly execution statistics.

New social traders will benefit from the FXTM guide to increase returns. It maintains one of the best overall trading environments with a limited asset selection. Cons Limited choice of cryptocurrencies and commodities. FP Markets. ECN trading with leverage up to fpmarkets is an ASIC-regulated Australian brokerage which launched in For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies.

Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. Cons Availability of Iress geographically restricted. Highly regulated, choice of fixed or floating spreads. They have a very high and strong level of regulation.

AvaTrade is directly regulated in Ireland and by extension, the European Union , Australia, Japan, South Africa, and the British Virgin Islands. Outside the European Union, Ava offers maximum leverage on Forex currency pairs as high as to 1.

AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares. Pros High-quality educational offering via SharpTrader Excellent choice of trading platforms catering to various trading needs Broad asset selection and cross-asset diversification opportunities Well-regulated and trusted broker with oversight from a central bank.

Cons Trading costs competitive but nothing special. BlackBull Markets. Best ECN trading environment, with scalping and hedging. BlackBull Markets was founded in in New Zealand. Like many antipodean Forex brokers, BlackBull Markets is an ECN broker, offering raw spreads and commissions. They are regulated in New Zealand by the Financial Services Providers Register FSPR and offer a maximum leverage on some Forex currency pairs as high as to 1. In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia.

BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification.

Cons Limited deposit options. Want to test your skills? Open a free MT4 demo now! GET STARTED. To give you the best possible experience, this site uses cookies. If you continue browsing, you accept our use of cookies.

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Even the best forex strategy in the world could come crashing down tomorrow due to an unexpected black swan event. Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. Best Copy Trading Platform We have picked eToro as the best copy trading platform. Everything you find on BrokerTested is based on reliable data and unbiased information. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

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