Copy trading - an overview of platforms available on the market

Copy Trading is a service that allows people investing in financial markets to automatically copy open positions managed by another selected trader or just follow his actions. The level of entry, choice of leverage or suggested allocation recommended by the owner of the strategy can be freely modified.

For years, they have been offering such services through their own proprietary platforms ZuluTrade, eToroMyFxBook. Brokers using retail trading platforms (MetaTrader 4, MetaTrader 5) as last time Admirals. How do these offers compare to each other? We checked.

Admirals - Copy Trading

Admirals launched its service in May 2021, and it turned out to be a very popular and valued accessory among customers. Copy Trading is seen as a natural extension of its community. The service is aimed at traders who do not have enough time to trade and want to benefit from the experience of others, but also for those who would like to share their art with the community by sharing their games. Both benefit from it.

Admirals has set out to source the best signal providers for their show. We also did not observe any rush in implementing the service, which suggests that they have engaged in a space that is not crawling, but has already matured. This is a guarantee that they provide the best solution for both parties.

Among the many classic strategies in terms of copy trading (martingale, grid), you can find those that show quite satisfactory results in the long term, with an acceptable level of risk. Here are some of them.

eToro

EToro platform was established in 2007 and is used by over 20 million investors around the world, for whom shares, raw materials, forex, CFDs, indices and ETFs are available. A very important element of the offer is Social Trading, considered one of the best social media and copy trading systems, ideal for beginner users. A very simple and transparent platform clearly suggests that the service is aimed at beginner traders. Popular platforms such as MT4 or MT5 are not available.

Past performance is not indicative of future performance. The trading history shown is less than 5 full years and may not be sufficient as a basis for an investment decision.

76% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you can afford the high risk of losing your money.

ZuluTrade

The company was founded by Leon Yohai in 2007 and currently has customers in 183 countries around the world. Initially, Yohai wanted to create software that would allow him to copy trades. Thanks to this idea, it was born ZuluTrade as a social network and trading platform that connects you with thousands of traders (also known as "signal providers") around the world. Supports over 50 third-party forex brokers and own - AAAfx. The platform also allows investors to provide feedback and share their own trading ideas.

Although the platform itself has already had its heyday, it is still a worthy alternative to competing platforms - mainly due to the lack of the need to be limited to the offer of a specific broker.

MyFxBook Autotrade

Since its inception, Myfxbook has become one of the most popular tools for tracking and analyzing accounts from forex platforms. After connecting your broker account (and MyFxBook supports over 100+ of them) to the platform, we have access not only to its analytical assessment. The capabilities of MyFxBook allow the user to track, compare and analyze other traders' accounts as well as share their account history. Myfxbook also integrated a useful feature - called copy trade and/ or Autotrade. It makes it easier for platform users to use ready-made solutions of other traders and use their systems in their own wallets.

Comparison of offers

Regulation	FCA, CySEC, AFSL, JSC	CFTC, NFA	depending on the broker	CySEC, FCA, ASIC
Payment required	5 PLN	50 USD	Recommended USD 1000 for 1 system	50 USD
Platform	MT4, MT5	web trader	MT4, MT5, cTrader	Web Trader, Mobile Applications
Available markets	Forex, Metals, Indices, Commodities, CFDs on Stocks, ETFs and Bonds, Futures	Forex, Cryptocurrencies, Stocks, Commodities	Forex, CFDs, Cryptocurrencies, Stocks, ETFs (depending on the selected broker)	Forex, CFDs, Stocks, ETFs
Paid subscription	NEVER	NEVER	YES*	NEVER
Cost level	short	tall	depending on the broker	average
	TEST	TEST	TEST	TEST

76% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you can afford the high risk of losing your money.

Copy trading for everyone?

Copying trades is only an option, but can be a great start for people who are just entering the market. "Lazy" or wanting to diversify their traders portfolio. Practice very often shows that the lack of strategy and discipline is behind the problem in generating profits in investment markets. By shifting this burden onto the shoulders of another trader, we can theoretically increase our chances of success - as long as we choose a favorable platform and properly select signals for our portfolio.

Remember! The key to long-term success is monitoring the actions of selected traders and their appropriate diversification (never put everything on one card!).

Note: For now, these new instruments will not be available in the United States.

Investing in cryptocurrencies is not regulated in certain European Union countries and in the United Kingdom of Great Britain and Northern Ireland. No consumer protection. Your capital is at risk.

eToro is a multi-asset platform that offers both stock investing and CFD trading.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Past performance is not indicative of future performance. The trading history shown is less than 5 full years and may not be sufficient as a basis for an investment decision.

Copy Trading is not synonymous with investment advice. The value of your investment may go up or down. Your capital is at risk.

eToro USA LLC does not offer CFDs and does not make any representations or be responsible for the accuracy or completeness of the content of this publication, which was prepared by our partner using publicly available information about eToro that is not specific to entities.