Social Trading Forex Brokers
- What is Social Trading Broker?
- Best Social Trading Forex Brokers
- What makes a Social Trading Platforms?
- Where to Social Stock trading?
- Social Trading Brokers List
What is Social Trading Broker?
Social Trading Broker provides Social Trading environment for interaction between the traders with an aim to share knowledge with other traders.
While Social Trading Brokers unites traders and creates the community, in reverse allowing opportunities to trade, copy or compare trading strategy.
Among numerous benefits, it offers opportunity to gain followers and commission for a professional trader, and for traders even with zero knowledge option to trade financial markets by simple replication of expert traders’ orders. Read more about Social Trading via Wikipedia and see some of the points to consider about Social Trading:
📈 Trading Instruments Forex, CFDs, Stocks, Futures, Crypto 💻 Social Trading Platforms ZuluTrade, myfxbook, cMirror, MetaTrader, eToro proprietary Social trading 💰 Fees Standard Fees by the broker with percentage allocation to the copied trader 📊 Trading Strategies 📊 Trading Strategies
| 📈 Trading Instruments | Forex, CFDs, Stocks, Futures, Crypto |
| 💻 Social Trading Platforms | ZuluTrade, myfxbook, cMirror, MetaTrader, eToro proprietary Social trading |
| 💰 Fees | Standard Fees by the broker with percentage allocation to the copied trader |
| 📊 Trading Strategies | 📊 Trading Strategies |
What is Social Trading Platform?
Social Trading Platforms has selection of traders to follow and replicate their trading activity via Copy Trading and Auto Trading, meaning to allow software execute orders on your account replicating the master account you select.
- There are many Social platforms available including popular ZuluTrade, myfxbook, or MetaTrader for copy trading forex brokers, or popular Social Brokers and communities like eToro. Most of Social Platforms are almost the same feature with easy copy trading, with the major difference of trading community size. Nevertheless, only well-regulated and respected brokers provide a safe social trading environment and trading itself, Learn more about regulatory warning of Social Trading provided by SEC.
- While choosing a Social trading broker consider a number of Top traders with consistent profits, meaning trading strategy is strong and well-managed. Social Brokers usually provide parameters for evaluation like percentage of successful operation for every financial instrument, synchronization between the accounts, also broker should provide user-friendly forex trading platforms for beginners.
- Social Trading is a free service by Social Trading Broker while the only payment is a small markup on the successful trades paid to the copied trader.
Social Trading Pros Social Trading Cons Easy to Use and Navigate Depending on the Broker how good Community is Suitable for Beginners and Traders with no experience Trader rely on skill and performance of someone else Fully Automatic replication of Trades Does not require daily check Usually offering selection of Top Traders and Risks Allowing to gain followers and extra income for professional traders
| Social Trading Pros | Social Trading Cons |
|---|---|
| Easy to Use and Navigate | Depending on the Broker how good Community is |
| Suitable for Beginners and Traders with no experience | Trader rely on skill and performance of someone else |
| Fully Automatic replication of Trades | |
| Does not require daily check | |
| Usually offering selection of Top Traders and Risks | |
| Allowing to gain followers and extra income for professional traders |
Top 5 Best Social Trading Brokers
Here we made a selection of best reviews Brokers who are suitable for Social trading, these Brokers are outstanding as the best for Social trading and good safety measures too:
- eToro – Best Overall Social Trading Broker 2022
- HFM – Best for EAs and Social Trading 2023
- BlackBull Markets – Lowest Spread Social Trading Broker 2023
- FP Markets – Best for Beginners Social Trading Platform 2023
- BDSwiss – Best MT4 Social Trading Broker 2023
What makes a Social Trading Platforms?
Social Trading trend is popular in recent years and an attractive opportunity not to rely only on fundamental or technical analysis to form the decision, but to share trading techniques and copy successful traders.
Where to Social Stock trading?
You need to select Social Trading broker and see available portfolio, most Brokers offer Stock Social trading, Cryptocurrency Social Trading, etc, check only regulated brokers like popular eToro.
Top Binary Options Brokers for Social Trading
We cant name one broker with social trading and Binary Options trading, since Binary is a forbidden instrument by most regulators worldiwe. Only offshore brokers offer Binary Trading and we do not recommend them due to high risks.
The complete List of Forex Platforms offer Social Trading
These are the brokers that are offering Social Trading environment either via its own designed platform or through third providers like ZuluTrade of Myfxbook:
| Broker | Detail | |
|---|---|---|
 HFM
|
Min. Deposit: 0 US$ Max. Leverage: 1:30 | 1:2000 Trading Platforms: MT4, MT5, HFM Trading App Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA |
1
|
 BlackBull Markets
|
Min. Deposit: 0 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: FMA, FSA |
2
|
 FP Markets
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: IRESS, MT4, MT5, cTrader Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP |
3
|
 Pepperstone
|
Min. Deposit: 200 US$ Max. Leverage: 1:30 to 1:400 Trading Platforms: MT4, MT5, cTrader, TradingView Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN |
4
|
 BDSwiss
|
Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and App Regulation: FSC, FSA |
5
|
 GO Markets
|
Min. Deposit: 0 US$ Max. Leverage: 1:30, 1:500 Trading Platforms: MT4, MT5, cTrader, WebTrader Regulation: ASIC, CySEC, FSC, FSA |
GO Markets Review |
 HYCM
|
Min. Deposit: $20 Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4, MT5, HYCM Trader Regulation: FCA, CySEC, DFSA, CIMA |
HYCM Review |
 Eightcap
|
Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, TradingView Regulation: ASIC, SCB, CySEC |
Eightcap Review |
 Orbex
|
Min. Deposit: US$100 Max. Leverage: 1:500 Trading Platforms: MT4 Regulation: MFSC |
Orbex Review |
 FXCC
|
Min. Deposit: No minimum deposit Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: CySEC, SVG FSA |
FXCC Review |