Best Social Trading Platforms 2019

Here you will find our best social trading platforms in 2019, according to the trading brokers team. We have selected the best social trading platforms after conducting countless hours of detailed research, testing and analysis across hundreds of online social trading platforms. Upon completion of this thorough research, each social trading platform was reviewed and assigned an unbiased rating according to the quality of their social trading platform. The best rated online social trading platforms are listed on this page. Some of the most important factors that contribute towards a good social trading platform have been considered including the platform features, markets, tools, fees, funding options, usability, tutorials, customer service and more. Having the best social trading platforms based on our findings listed in one place can help save time for those traders who are looking for the best social trading platform.

Top 5 Social Trading Platforms of 2019

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ASIC, FCA, CySEC

Min $200 Deposit

2006

1:400

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 to take the high risk of losing your money.
2.

ASIC, FCA

Min $200 Deposit

2010

1:500

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.6% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3.

ASIC, BVI, CBI, FFAJ, FSA, FSCA

Min $100 Deposit

2006

1:400

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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 to take the high risk of losing your money.
4.

HCMC

Min $1 Deposit

2007

N/A

Review Open Account Open Account
Terms & conditions apply
Forex trading involves a real risk of loss. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss. Past performance is not indicative of future results. Trading spot currencies involves substantial risk and there is always the potential for loss.
5.

FCA

Min $500 Deposit

2012

1:200

Review Open Account Open Account
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 to take the high risk of losing your money.
Each of our best social trading platforms have undergone and passed our stringent trading platform reviews with flying colours, based on what the trading brokers team consider to be amongst the most important considerations. These online social trading platforms are under strict regulation from some of the most respectable regulatory authorities and are well-established within the online brokerage industry, providing top social trading platforms to traders across the globe.

1. eToro

eToro wins our award for the best social trading platform. They have established themselves as the leading online social trading platform, offering user friendly social trading to millions of traders from over the world. Whatever your experience level, the eToro platform has a large range of signal copying and sharing solutions with a vast online social community. They have a large selection of trading instruments (stocks, forex, cryptos, etc) available across the eToro web and eToro mobile platforms.

Founded in 2006, the eToro online trading platform lets you easily connect with other traders, to view, compare and discuss trading strategies. The patented CopyTrader™ technology allows you to automatically copy trades from another trader’s portfolio, creating your own bespoke portfolio. In addition to copying other traders, you can also place and manage your own trades which can then be offered to other traders for them to copy.

Best Social Trading Platforms: eToro Review

Best Social Trading Platforms: eToro Review

eToro also have a “Popular Investor Program” where top-tier popular investors can earn a second income by being followed and copied by other users on the eToro platform. There is an eToro club which offers a range of exclusive benefits, services, and tools to customers according to membership tier. This includes a dedicated account manager, market analysis, live webinars, expert investment support, premium trading tools, exclusive VIP events and other benefits.

eToro is regulated by some of the most respected regulatory authorities including CySEC, FCA and ASIC. This ensures that they must abide by strict rules and regulations in place to protect investors and gives their clients the peace of mind that they are using a trusted social trading platform. To find out more about eToro and why they are ranked as our best social trading platform, you can read our detailed eToro Review.

eToro Pros/Cons
Pros Cons
Strict regulation No US clients
Commission free trading No fixed spread accounts
Large online trading community
CopyTrader™ technology
CopyPortfolios
Popular Investor Program
eToro club

eToro is a leading social trading platform offering flexible methods of investing in a wide range of assets & copying other traders. The platform is very intuitive with a vast collection of analytical tools.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 to take the high risk of losing your money.

2. Pepperstone

Pepperstone have earned a place in our best social trading platforms for 2019. They have partnered with a range of social trading platforms to help traders gain access to strategies from some of the world’s best traders. Pepperstone clients can choose to follow and copy trades from other popular traders using third-party services whilst learning how to improve their own online trading. The social trading platforms they offer include:

Myfxbook – An account mirroring service that lets you copy verified trades without the need to run any additional software.

ZuluTrade – Copy trades directly into your account and run them on Zulutrade’s own servers.

Mirror Trader – Access over 3,000 global, verified and tested algos.

MetaTrader Signals – Access thousands of strategies from MetaTrader’s own social trading platform.

DupliTrade – A marketplace of signals automatically traded on your own MT4 account.

Best Social Trading Platforms: Pepperstone Review

Best Social Trading Platforms: Pepperstone Review

In addition to providing clients with social trading solutions, Pepperstone also offer a wide range of trading instruments for self-directed trading which includes Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs and ETFs. They provide these markets across a selection of the best trading platforms including MetaTrader and cTrader. These platforms are packed with useful trading tools for conducting detailed chart analysis to find potential trading opportunities.

Pepperstone offer low fee trading, tight spreads and fast execution speeds. They are regulated by some of the most respected regulatory authorities and have won multiple awards over the years for their online brokerage services. You can read our detailed Pepperstone Review to find out more of the reasons why we consider them amongst the best social trading platforms.

Pepperstone Pros/Cons
Pros Cons
Wide range of global markets No US clients
MetaTrader & cTrader platforms No fixed spread accounts
Tight spreads & low fees $200 minimum deposit
Ultra-low latency execution speeds
Deep liquidity pool
Multiple social trading platforms
Strict regulation

Pepperstone is one of the largest trading brokers providing traders worldwide access to trade across all markets with cutting edge technology, low cost spreads, low-latency high speed execution and award-winning customer service.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.6% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

3. AvaTrade

AvaTrade make it into our best social trading platforms list as they offer traders multiple direct and indirect copy trading options. AvaTrade has partnered with some of the best signal providers in the world to ensure that traders can follow the best traders wherever they may be. They also offer self-directed trading across intuitive trading platforms on a wide range of over 250+ trading instruments including forex, CFDs and cryptocurrencies.

The AvaTrade social trading platforms include:

  • Mirror Trader – Enjoy manual trading, semi-automatic trading, or automatic trading when following your preferred signal providers. You also get to copy the algorithmic trading strategies developed by experienced traders in conjunction with top developers.
  • ZuluTrade – Select from a large number of signal providers, who have been ranked using various practical parameters including maximum drawdown and average profitability.
Best Social Trading Platforms: AvaTrade Review

Best Social Trading Platforms: AvaTrade Review

AvaTrade are one of the world’s largest online brokers in terms of trading volume. They are regulated in an impressive 6 jurisdictions including Europe, Australia and South Africa. Their regulatory licenses span over 5 continents. This ensures that you can make safe and secure trades within the all-inclusive trading environment that they provide.

AvaTrade offer a variety of different social trading platforms along with competitive fees, industry leading trading infrastructure and excellent customer support. For these reasons and many more, they easily make it into our best social trading platforms. If you would like to learn more about this online broker, you can read our detailed AvaTrade Review.

AvaTrade Pros/Cons
Pros Cons
250+ trading instruments No US clients
Multiple social trading platforms Min $100 deposit
Free trading tools & indicators
Regulation in 6 jurisdictions
Excellent customer support

AvaTrade is an award-winning trading broker with regulation in 6 jurisdictions offering 250+ trading instruments across multiple markets and trading platforms.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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 to take the high risk of losing your money.

4. ZuluTrade

ZuluTrade easily make it into our best social trading platforms list as they are one of the largest social trading platforms with over a million users and billions in trading volume. ZuluTrade provide a user-friendly online copy trading platform that has a plethora of trading signals which you can choose to copy. You simply just need to sign up with ZuluTrade and connect your brokerage account.

Once your brokerage account has been connected to the ZuluTrade platform, you can review the trading signals offered and choose the signals that you want copied into your own account. The ZuluTrade platform enables you to filter and sort the statistics of all the trading signals according to overall returns, duration, drawdown, win rate, average pips, currency pairs, amount of trades, etc. Trading signals can be added or removed at any time.

Best Social Trading Platforms: ZuluTrade Review

Best Social Trading Platforms: ZuluTrade Review

ZuluTrade customer service is available 24/7 and in 13 languages. They are regulated within the EU which can give investors protection and peace of mind. To find out more about ZuluTrade and why we consider them to be one of the best social trading platforms, you can read our detailed ZuluTrade Review.

ZuluTrade Pros/Cons
Pros Cons
Millions of traders worldwide No self directed trading platforms
Easy to use signal copying platform Restricted to certain brokers
Sort & filter trading signals
Excellent customer support
Regulated in the EU

ZuluTrade is a popular online copy trading platform for traders & investors around the globe. They integrate with 70+ brokers, are regulated & offer a range of useful tools for quick & easy social trading.

Terms & conditions apply
Forex trading involves a real risk of loss. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss. Past performance is not indicative of future results. Trading spot currencies involves substantial risk and there is always the potential for loss.

5. Darwinex

Darwinex earn a place in our best social trading platforms list for enabling sophisticated traders to trade the markets with superior trading conditions and investors to back them. You can quickly and easily build your portfolio of traders that you wish to copy from around the world, with access to thousands of strategies suited to different styles of trader.

Darwinex offers the ability to trade your own account or follow the strategy of other traders (DARWINs). Traders who already have a profitable trading strategy can choose to list their strategy on Darwinex and receive a 20% success fee from the profits made by other traders who follow the strategy.

Best Social Trading Platforms: Darwinex Review

Best Social Trading Platforms: Darwinex Review

In addition to copy trading platforms, Darwinex also provide self-directed investing with direct market access (DMA) trading on interbank spreads sourced directly from prime brokers and starting from just zero pips. They offer online trading on over 300+ assets including forex, stocks, shares, commodities, CFDs, cryptocurrencies, etc. These markets can be traded through one account via a choice of powerful online trading platforms for desktop, web and mobile devices.

Find out more about why we consider Darwinex to be one of the best social trading platforms for copying signals by reading our detailed Darwinex Review.

Darwinex Pros/Cons
Pros Cons
Social trading with industry leading trading conditions No US clients
Range of trading instruments in various asset classes No fixed spread accounts
16 variations of MetaTrader 4/5 trading platforms Minimum $500 deposit
Strict regulation
Segregated accounts
DARWINs
Direct market access (DMA)
FIX API
Free tick data

Founded in 2012, Darwinex is a London based regulated online brokerage that enables sophisticated traders to trade the market & investors to back them. They offer over 300+ assets with institutional-grade pricing, FIX API & free historical tick data.

Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 to take the high risk of losing your money.

How did Trading Brokers choose our best social trading platforms?

Following on from our best social trading platforms of 2019, we will now look at what social trading platforms are used for and the most important factors to consider when looking for a reliable social trading platform.

What is an online social trading platform?

An online social trading platform allows traders around the globe to discuss and share trading strategies and signals with each other. Similar to any other social network, a social trading platform can have a personal profile, followers/following list, news feed and more.

The main advantage of a social trading platform is that you can choose to copy the signals of other traders directly into your own trading account. This allows traders with little experience to benefit from the trading skills and expertise of professional traders. Most social trading platforms will allow you to sort and filter signals so that you can select only those that meet your individual investor goals and preferences. You should be able to add or remove signals at any time whilst setting your desired risk level.

What makes a good social trading platform?

Social trading platform regulation

It is important to ensure that the social trading platform is regulated by one of the most respected regulatory authorities. Some of the most significant government regulatory authorities to look out for are the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom.

By using a regulated broker, investors have some form of protection should something go wrong. Regulators put in place strict rules and regulations that the broker must abide by which can ensure traders that they are using a social trading platform which is operating with the upmost integrity. You can verify if a broker is regulated by checking the regulatory license number with the relevant authorities to ensure that the regulation is legitimate and up to date.

Social trading platform instruments

As each online brokerage can offer a range of different asset classes to trade via their online social trading platforms, you should check to make sure that they offer the particular markets that you are interested in trading. You may plan to diversify your investment portfolio in the future so consider the product range as it could make it easier to expand your portfolio when the time is right to do so.

Social trading platform users

One of the main concepts of social trading is to copy the signals (follow) of other traders. The larger the user base of a social trading platform, the greater your choice of signals will be. However, it is important to not just consider the quantity of traders but also the quality of their trading strategies. You can usually do this by checking the performance of the various signals offered from within the social trading platform.

Social trading platform tools

Most social trading platforms will contain some important tools for searching and analysing the different trading signals that they offer. Check that these tools are freely available and sufficient enough to filter results according to your own requirements. Some users may need more specific statistics compared to others who might just want to see the overall profits and drawdowns. You may also require a specific tool that is important to enhance your personal social trading experience. Thus, check that the platform incorporates these tools.

Social trading platform fees

The majority of social trading platforms will charge a fee to either the signal provider, follower or both. Some fees may be fixed and others may be performance based. It is important to understand what fees are charged and to calculate them within your money management and trading strategy. If you plan to also conduct self-directed online trading, you should be aware of the spreads, commissions, swaps and any other fees.

There may be a fee to pay just for using the social trading platform although this is rare and most are provided free of charge. You will only usually pay depending on your trade activity unless using a specialist trading platform that has advanced functionality.

Social trading platform commissions

The commission you pay for your trading activity can vary from broker to broker. Some trading strategies such as scalping rely on small price movements and thus performance can be affected by commission. It is important to consider the overall costs you will incur and the affect that will have on your trading strategy.

Social trading platform spreads

The spread is the difference between the buy and sell (bid/ask) price which can vary depending on the volume of liquidity and quality of liquidity providers that an online broker has. Some brokers offer fixed and variable spread accounts, some will offer commission free accounts but instead mark up the spread to make up for this. In general, the more liquidity that the broker has, the tighter the spreads can be. It is important to account for the spread when planning your trading strategy, especially if you are planning on following or providing a scalping strategy.

Social trading platform swaps

If you hold a position with your online broker overnight then you will probably need to pay a swap fee. This is an interest fee for the procedure of moving open positions from one day to another, also known as the rollover. This is another cost to factor in to your money management and trading strategy. Some brokers offer swap free Islamic trading accounts that conform with Sharia law which allows Muslims to engage in online trading through their platforms.

Other social trading platform fees

In addition to the platform, spread, commission and overnight swap fees, there may be additional fees for account inactivity, funding and more. You should check to ensure that you are aware of and understand all of the potential fees that you can incur.

Social trading platform usability

Some social trading platforms are built around technology that you may already be familiar with, such as the MetaTrader platform. However, some social trading platforms are unique to a particular broker and will require some practice to familiarise yourself with how it works. Ensure that it is a platform that you find use friendly and ideally has plenty of online tutorials to help you understand how it works.

Social trading platform leverage

Most social trading platforms will offer leverage to traders. In a nutshell, leverage allows you to open a position larger than you could with your current balance. For example, if you had leverage of 1:30 and a trading account balance of $10,000, you could effectively open a position size of $300,000 (10,000 x 30 = 300,000). Check that the brokerage offers a leverage which you require.

Whilst leverage can increase your potential profits, it can also greatly increase your risk exposure and lead to large losses. It is very important that you have a clear understanding of what exactly leverage is and the significant risks that it entails before you start trading online.

Social trading platform education

If you are the type of trader who prefers to be directed and shown how to use certain software and tools, it could be a good idea to make sure that you choose a social trading platform which has an abundance of tutorial videos and guides to teach you how to use the platform.

Social trading platform minimum requirements

You will need to make sure that the social trading platform will run on your computer, VPS or mobile device by checking the specification requirements. Some platforms will run directly in your web browser so make sure it is compatible. Each online social trading platform will also have a minimum deposit requirement which is worth considering.

Social trading platform funding

Each social trading platform will offer different options for making deposits and withdrawals to and from your online trading account. Most brokers will accept bank wire transfers and credit/debit cards. If you prefer to use an online payment processor then you should check if these are readily available.

Social trading platform customer service

If you have a general or technical question then ideally you would want to get a quick and helpful response from the customer support team. You can check what support options are provided as online chat can usually be the fastest and most convenient for most traders. Customer service hours are also worth considering as is the brokers time zone. If you trade from the UK during the day time then you would ideally want a broker who has an EU office that is open during normal working hours. If you trade from Australia primarily during the evening, you may consider a broker that has support available 24 hour per day. Also make sure support is offered in a language that you are familiar with.

How to gain access to a social trading platform?

Now that you have had a brief overview of what social trading platforms are and some of the most important things to look out for, you may be considering using an online social trading account. This can be a quick and easy process that requires usually requires completing a short online application form. Simply choose the social trading platform that meets your needs and follow the account opening process. Once your account has been verified, you will be able to gain access their social trading platform and connect with other traders.

Need help choosing from the best social trading platforms in 2019?

If you are still unsure which is the best social trading platform for you then you can use our free online broker comparison tool to quickly compare online brokers based on trading platforms, trading instruments, minimum deposit, regulations, leverage, funding options and more. You can also read our broker reviews and choose from our best brokers that we have conveniently categorised into the best online brokers, best forex brokers, best stock brokers, best CFD brokers, best crypto brokers, best trading platforms and best social trading platforms.