Social Trading Forex Brokers

  1. What is Social Trading Broker?
  2. Best Social Trading Forex Brokers
  3. What makes a Social Trading Platforms?
  4. Where to Social Stock trading?
  5. 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 InstrumentsForex, CFDs, Stocks, Futures, Crypto
💻 Social Trading PlatformsZuluTrade, myfxbook, cMirror, MetaTrader, eToro proprietary Social trading
💰 FeesStandard 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 ProsSocial Trading Cons
Easy to Use and NavigateDepending on the Broker how good Community is
Suitable for Beginners and Traders with no experienceTrader 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
  • BDSwiss – Best MT4 Social Trading Broker 2022
  • BlackBull Markets – Lowest Spread Social Trading Broker 2022
  • FP Markets – Best for Beginners Social Trading Platform 2022
  • HotForex – Best for EAs and Social Trading 2022

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: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP
3
FP Markets Review
Pepperstone Review 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
Pepperstone Review
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and App
Regulation: FSC, FSA
5
BDSwiss Review
FXchoice Review logo FXChoice
Min. Deposit: $100
Max. Leverage: 1:200
Trading Platforms: MT4, MT5
Regulation: FSC
FXChoice Review
FBS
Min. Deposit: 1 USD
Max. Leverage: 1:3000
Trading Platforms: MT4, MT5, FBS trader
Regulation: CySEC, FSC, FSCA, ASIC
FBS Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB
Eightcap Review
Orbex Review Orbex
Min. Deposit: US$100
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: MFSC
Orbex Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review