Best Copy Trading Platforms (2021), copy trading.

Copy trading


One of the most notable products is copy trade. It involves mimicking the trading strategy or moves of another trader.

Top-3 forex bonuses


Best Copy Trading Platforms (2021), copy trading.


Best Copy Trading Platforms (2021), copy trading.


Best Copy Trading Platforms (2021), copy trading.

However, in the past, when an investor wants to copy the strategies from other traders, they have to find a signal provider from different trading communities, and then go on a trading platform to trade. Etoro developed its copy trade system with great social features. Finding a trader to copy on etoro is similar to finding a friend on facebook. Etoro users have personal pages, and can post content and react to other users’ content. On the personal page of a trader, etoro users can find the strategy style and trading history data of the trader, which helps the users decide to copy or not.


Best copy trading platforms (2021)


Best Copy Trading Platforms (2021), copy trading.


Best Copy Trading Platforms (2021), copy trading.


Cryptocurrencies are highly volatile digital assets. The daily highs and lows are far greater in intensity than any other tradable asset. This creates an opportunity for people to capitalize on the gains and mitigate their losses on value shedding.


One of the most notable products is copy trade. It involves mimicking the trading strategy or moves of another trader. However, in the past, when an investor wants to copy the strategies from other traders, they have to find a signal provider from different trading communities, and then go on a trading platform to trade.


Nowadays, many trading platforms have integrated the copy trade function into their products and services, which allows most investors copy other traders in a more convenient way. Currently, the trading platforms in the market, etoro, zulutrade, and bityard all have launched copy trade system.


Etoro is a well-known trading platform which provides forex trading, stocks trading, commodities trading, indices trading, cryptocurrency trading, cfds reading, index based funds trading, and exchange traded funds (ETF) trading services. It is also a famous platform with distinguished social trading service, and is compliant with regulations under the supervisions of the financial conduct authority (FCA), cyprus securities and exchange commission (cysec), markets in financial instruments directive (mifid), australian securities and investments commission (ASIC).


Best Copy Trading Platforms (2021), copy trading.


Etoro developed its copy trade system with great social features. Finding a trader to copy on etoro is similar to finding a friend on facebook. Etoro users have personal pages, and can post content and react to other users’ content. On the personal page of a trader, etoro users can find the strategy style and trading history data of the trader, which helps the users decide to copy or not.


On etoro, the user discussion focuses on a wide range of asset investment types, and most of the users enjoy the well-designed social environment. For any investor who is seeking a place for social communications and free discussions, etoro is probably a great option.


Zulutrade


Zulutrade focuses mainly on forex trading services, but also offers indices, stocks, cryptocurrencies and commodities trading services. Unlike other trading service providers, zulutrade provides a platform tied up with many brokers. The minimum deposit and financial regulations are based on different brokers.


Best Copy Trading Platforms (2021), copy trading.


Compared with etoro, zulutrade has very prominent forex trading services, and the copy trade system of zulutrade is also tailor-made for forex trading. On etoro, traders followed by other users are more diverse, and the user discussion and communication on etoro are more active than most trading platforms. On the contrary, on zulutrade, the user discussion is mainly about forex trading, with higher professionalism, which may be too complicated for beginners.


On zulutrade, detailed data about the traders will be displayed in order to help other users to find an appropriate trader to copy. On the personal page of a trader on zulutrade, trading-related data such as profit, performance, drawdown, and sharpe ratio will be shown. When a zulutrade user wants to copy a trader, the personal pages of traders also provide data of estimated ROI and net P&L for reference. Zulutrade is a great platform for the investors who are into forex trading for a long term.


Bityard, a relatively young exchange, focuses mainly on crypto asset trading, and also offers commodities and indices services. Furthermore, it will launch US stock trading services shortly. Bityard has obtained legal financial licenses issued by the business administration of singapore (ACRA), the united states financial supervisory authority (MSB), the australian transaction reporting and analysis center (AUSTRAC) and the estonian financial regulatory authority (MTR).


Best Copy Trading Platforms (2021), copy trading.


Compared with etoro and zulutrade, bityard is quite young. However, it provides professional and rich cryptocurrency trading services, including more than 30 types of crypto spot and more than 15 contract trading options. Popular currencies related to defi (decentralized finance) are also available on bityard, which is a pretty good platform for crypto traders.


Another great feature of bityard is the highly user-friendly UI and trading progress design. Anyone can complete the registration within one minute and start trading in DEMO mode. To open a position in real mode, only five US dollars as margin entry is needed, which is much lower than the minimum requirement of many other platforms. In addition, bityard copy trade system is quite easy to understand. Any bityard user can quickly find a trader with a great trading performance and finish the position margin setting to start copying. On bityard, most people with no financial background can become familiar with crypto investment in a short time.


Comparison of three exchanges


Best Copy Trading Platforms (2021), copy trading.


Conclusion


To sum up, each of the three platforms has its own features: etoro is distinguished with its great social features, which create a large-scale trader communication environment; zulutrade is a professional platform for forex trading; bityard has diverse cryptocurrency trading services such as contract, derivatives, and spot trading, and it’s one of the best platforms for beginners. However, traders should choose the right platform according to their own need.


Note: this article is for informational purposes only and should not be construed as investment advice. All investments come with some degree of risk.



Copy trading – why you need to copy trade?


Best Copy Trading Platforms (2021), copy trading.



  • Post author:spredmax content

  • Post published: january 21, 2021

  • Post category:content marketing

  • Post comments:0 comments


The cryptocurrency market has become accessible more than ever since the introduction of online trading. Interestingly, new investors are not relenting as they are taking advantage of every opportunity to trade cryptocurrency. Today, there are more crypto traders than it has even been; this shows a great deal of increasing investment options for everyone.


Nevertheless, trading the market isn’t easy as many people think. You still need to understand the market and cryptocurrency to trade. Importantly, it would be best if you had a clear market plan on when to enter the market.


That will require you to analyze the market properly if you want to find a good entry point. However, most people don’t know how to do that; here is where you need crypto copy trading.


Copy trading is a new trend in the financial market, with its popularity spreading widely due to its ease in trading. Nevertheless, with this popularity comes a lot of questions that even professional traders ask. For some, they ask what is copy trading meaning?


So, what is copy trading? Is copy trading profitable? How important is it for both new and professional traders? Is it required in the cryptocurrency market? Here, you will understand everything about copy trading as a beginner or avid trade in the cryptocurrency industry .


What is copy trading?


Copy trading is a technique where amateur traders get trade setups from professionals. You can also call it a mirror or social trading; it is a way new trader automate their trading by copying trade signals.


Today, copy trading is a concept that beginners in the financial market venture into as they try to master the art of trading. As they gain experience in the market, they no longer take these signals and become an analyst independently.


Copy trading – learning from the professionals


Best Copy Trading Platforms (2021), copy trading.


Copy trading enables traders to copy trades of professionals in the cryptocurrency market; besides this, you still have total control over when to exit your trade or adjust your trades. Instead of reading and depending on different resources to make trades, you can get trade signals from these top investors.


In other words, you benefit from these investors as they use their experience to trade the market. Furthermore, copy trading gives you access to real-time in the market. With this, you can apply technical indicators that most traders use in trading. The cryptocurrency market is a very volatile market that even the most experienced traders are not exempted from losing.


Why traders prefer copy trading


Cryptocurrency trading is something most people want to venture into. Hardly can anyone resist the offer of increasing your investment without doing much. Considering the increasing value of bitcoin and other digital currencies, new traders want to take advantage of the market.


Therefore, the potential in trading is one that everyone can resonate with considering the current economic turmoil. However, many traders have a reason as to why copy trading is the best option in trading cryptocurrency. Here are a few reasons as to why traders prefer copy trading.


Earn money without experience


For new traders, one of the benefits of copy trading is the opportunity to invest and make returns with or without the required knowledge. You don’t have to become a professional to understand the cryptocurrency market.


Copy-trading allows you to earn and learn through the crypto ecosystem. While it sounds nice, trading the market on your own comes with increased risk; however, copy trading allows you to cross that hurdle and helps you build your profit faster than expected.


Saves time


The stress of analyzing the cryptocurrency market is never an easy one. It is never easy developing a trading strategy that works consistently for various coins. Technical and fundamental analysis takes time to build a solid strategy. However, copy trader takes away the hard works. With this, you can allocate your time to other important things as the signals have already undergone through these rigorous analyses.


Portfolio diversification


Copy-trading gives you control over your investment and eliminates some of the issues of crypto trading. Rather than depending on your analysis and sentiment of the market, you can take advantage of other traders’ trading strategies that work for them to your advantage.


Copy-trading helps diversify your investment portfolio as you are not limited to a particular cryptocurrency; you can trade bitcoin, ethereum, ripple, or litecoin. In other words, you can trade on multiple markets, change investors’ signals that are not working and minimize your risk in the market.


Variety of options to choose


Today, copy trading gives you a variety of financial instruments to trade. Irrespective of the financial market that you love, you can find accurate signals. Are you in the currency market, stocks, cryptocurrency cfds, or commodity market? There is a whole lot of options available for you?


In terms of shaping your portfolio, copy trading gives you flexibility in the market. For instance, your portfolio can grow while learning about the market. Rather than training yourself through a demo account, you can profit like a real trader as you hone your skill.


Easy to start


Copy-trading makes it easy to trade the financial market. You don’t need to understand the technicality of the cryptocurrency market.



Copy trading – why you need to copy trade?


Best Copy Trading Platforms (2021), copy trading.



  • Post author:spredmax content

  • Post published: january 21, 2021

  • Post category:content marketing

  • Post comments:0 comments


The cryptocurrency market has become accessible more than ever since the introduction of online trading. Interestingly, new investors are not relenting as they are taking advantage of every opportunity to trade cryptocurrency. Today, there are more crypto traders than it has even been; this shows a great deal of increasing investment options for everyone.


Nevertheless, trading the market isn’t easy as many people think. You still need to understand the market and cryptocurrency to trade. Importantly, it would be best if you had a clear market plan on when to enter the market.


That will require you to analyze the market properly if you want to find a good entry point. However, most people don’t know how to do that; here is where you need crypto copy trading.


Copy trading is a new trend in the financial market, with its popularity spreading widely due to its ease in trading. Nevertheless, with this popularity comes a lot of questions that even professional traders ask. For some, they ask what is copy trading meaning?


So, what is copy trading? Is copy trading profitable? How important is it for both new and professional traders? Is it required in the cryptocurrency market? Here, you will understand everything about copy trading as a beginner or avid trade in the cryptocurrency industry .


What is copy trading?


Copy trading is a technique where amateur traders get trade setups from professionals. You can also call it a mirror or social trading; it is a way new trader automate their trading by copying trade signals.


Today, copy trading is a concept that beginners in the financial market venture into as they try to master the art of trading. As they gain experience in the market, they no longer take these signals and become an analyst independently.


Copy trading – learning from the professionals


Best Copy Trading Platforms (2021), copy trading.


Copy trading enables traders to copy trades of professionals in the cryptocurrency market; besides this, you still have total control over when to exit your trade or adjust your trades. Instead of reading and depending on different resources to make trades, you can get trade signals from these top investors.


In other words, you benefit from these investors as they use their experience to trade the market. Furthermore, copy trading gives you access to real-time in the market. With this, you can apply technical indicators that most traders use in trading. The cryptocurrency market is a very volatile market that even the most experienced traders are not exempted from losing.


Why traders prefer copy trading


Cryptocurrency trading is something most people want to venture into. Hardly can anyone resist the offer of increasing your investment without doing much. Considering the increasing value of bitcoin and other digital currencies, new traders want to take advantage of the market.


Therefore, the potential in trading is one that everyone can resonate with considering the current economic turmoil. However, many traders have a reason as to why copy trading is the best option in trading cryptocurrency. Here are a few reasons as to why traders prefer copy trading.


Earn money without experience


For new traders, one of the benefits of copy trading is the opportunity to invest and make returns with or without the required knowledge. You don’t have to become a professional to understand the cryptocurrency market.


Copy-trading allows you to earn and learn through the crypto ecosystem. While it sounds nice, trading the market on your own comes with increased risk; however, copy trading allows you to cross that hurdle and helps you build your profit faster than expected.


Saves time


The stress of analyzing the cryptocurrency market is never an easy one. It is never easy developing a trading strategy that works consistently for various coins. Technical and fundamental analysis takes time to build a solid strategy. However, copy trader takes away the hard works. With this, you can allocate your time to other important things as the signals have already undergone through these rigorous analyses.


Portfolio diversification


Copy-trading gives you control over your investment and eliminates some of the issues of crypto trading. Rather than depending on your analysis and sentiment of the market, you can take advantage of other traders’ trading strategies that work for them to your advantage.


Copy-trading helps diversify your investment portfolio as you are not limited to a particular cryptocurrency; you can trade bitcoin, ethereum, ripple, or litecoin. In other words, you can trade on multiple markets, change investors’ signals that are not working and minimize your risk in the market.


Variety of options to choose


Today, copy trading gives you a variety of financial instruments to trade. Irrespective of the financial market that you love, you can find accurate signals. Are you in the currency market, stocks, cryptocurrency cfds, or commodity market? There is a whole lot of options available for you?


In terms of shaping your portfolio, copy trading gives you flexibility in the market. For instance, your portfolio can grow while learning about the market. Rather than training yourself through a demo account, you can profit like a real trader as you hone your skill.


Easy to start


Copy-trading makes it easy to trade the financial market. You don’t need to understand the technicality of the cryptocurrency market.



Is copy trading worth it for crypto investors?


Best Copy Trading Platforms (2021), copy trading.


Edward chandler


Dec 29, 2020 · 4 min read


Best Copy Trading Platforms (2021), copy trading.


Copy trading in the cryptocurrency market is a rapidly growing trend that has only been around in any significant way for the past 3 or 4 years, but that is already taken root with cryptocurrency users and is growing fast in adoption and popularity.


While there are a range of clear benefits of using copy trading in the cryptocurrency space, there is also the question of whether or not it is worth it in comparison to simply solo trading as many other users happily do, and this requires a deeper investigation in order to understand better.


This is the goal of this guide, with us taking a look at whether copy training is worth it for cryptocurrency investors, starting with a look at what copy trading actually is and copy trading in both the traditional asset and cryptocurrency markets, before moving on to look at one specific kind of copy trading in the cryptocurrency space, covesting, and looking at what the advantages of covesting are for investors.


What is copy trading?


Best Copy Trading Platforms (2021), copy trading.


Copy trading is an alternative way for investors and traders to collaboratively work together and to achieve optimal outcomes in the cryptocurrency market as a result of pooling their resources.


The basic idea behind copy trading is that traders that have a high likelihood of generating profitable trades will create those trades and then allow other users to be able to copy the same trades they execute, with this then providing the ability for other users to also generate more successful trades in the market, and with the leading trader then receiving a reward from all the traders that copy them.


While it has only been in the past few years that copy trading has been available in the cryptocurrency market, it was originally launched in the traditional asset market almost 15 years ago.


Copy trading in the traditional asset market


Best Copy Trading Platforms (2021), copy trading.


Copy trading was initially created by pioneering platforms such as etoro in the traditional asset market almost a decade and a half ago and rapidly these platforms grew to becoming some of the largest in the traditional asset trading space.


This is mostly as a result of the stark advantages copy traders are able to achieve in comparison to solo traders, such as a reduction of risk and the increase in the likelihood of generating profitable trades.


Since the original launch of copy trading platforms in the traditional asset market until now, their success and popularity has inspired the same to be created in the cryptocurrency space over the past few years.


Copy trading in the crypto market


Best Copy Trading Platforms (2021), copy trading.


While copy trading has been available for almost 15 years in the traditional asset market, it has only been with the launch of covesting in 2017 that crypto copy trading has been available at all.


With the launch of covesting however, the popularity of copy trading in the cryptocurrency market has grown rapidly over the past few years as more traders and investors have come into contact with covesting and have realised the range of benefits and advantages of using it as opposed to solo training.


Since the launch of covesting until now, there have also been a number of other crypto copy trading platforms that have launched, however none of them have gotten to the same level of adoption as covesting and it remains the largest crypto copy trading platform on the market.


What are the advantages of covesting?


Best Copy Trading Platforms (2021), copy trading.


The main advantage for followers when they covest is the ability to reduce risk in the market by directly partnering with some of the leading traders, and as a result leveraging their experience and market knowledge to generate more successful trades.


For strategy managers on primexbt’s covesting module, the main advantage is the ability to generate high levels of revenue by leveraging the capital that is provided by the followers in order to generate a 20% success fee from all profits.


An additional benefit for strategy managers on primexbt’s covesting module is the ability to use the myriad of data and metrics that are provided on the strategies in order to post them publicly in social media, to prove their ability to be successful in their trading, and to build large following is as a result of this.


In conclusion


We conclude the copy trading is indeed worth it for cryptocurrency investors being that the opportunity to partner with some of the top forming traders in the market can have a dramatic impact in the overall return on investment from the capital.


It is also beneficial for experienced traders to become involved with covesting as well, being that they can create a range of additional revenue streams that help to boost their overall revenue without them having to increase their capital exposure.


To learn more about covesting in general and how copy trading works on the covesting module on primexbt, check out this link.



How to make money copy trading profitable traders


When you are first new to trading it can be overwhelming with all of the different strategies, systems and methods.


Learning everything needed to become a successful trader can be time consuming.


There is a quicker way to making money in the markets even if you are a brand new trader with very little knowledge of how to trade yourself and it is known as ‘copy trading'.


Copy trading allows you to piggy back and follow traders who are already profitable and making consistent gains. You can follow their traders and also make money yourself without having to make your own trades. Cool right?


In this post we go through exactly how you can start making money from copy trading, the best platform to signup with to find the most profitable traders and the exact steps to start making money today.


Best Copy Trading Platforms (2021), copy trading.


What is the best platform for copy trading?


Etoro at etoro.Com is a social trading broker that is similar to facebook in structure. It is a hangout for people who trade forex, cryptocurrencies, commodities, CFD stocks, and indices online.


It was founded by three entrepreneurs named yoni and ronen assia together with their partner david ring in a goal to make trading accessible to anyone, anywhere, and reduce a trader’s dependency on the traditional financial institution.


What does etoro offer?


With etoro, trading is now made easy as it connects investors/traders around the world in a single place. Trading requires a lot of skills, experience, and analysis, but in etoro, you don’t need to have any knowledge to start making money with it.


It’s not as heavy as the stock exchange so you don’t need to think twice before trading online or need a big investment to start.


Etoro is a type of broker in its own unique way. Social trading is an alternative to the good old traditional financial investment model. Traditional trading requires charting tools and personal insights to make greater profits.


With social trading, you get the same advantages that institutional traders get and more.


In etoro, you can also check profiles of other users, see their trade history, even check their earnings and see their completed transactions. You can also check their portfolios, connections, and detailed stats.


The best part of etoro is that it has a copy function that lets you invest in other traders and follow their trades.


This means that all of that trader's transactions will automatically be copied and will be the same as yours.


Best Copy Trading Platforms (2021), copy trading.


So if a trader raises money by a certain percentage, you’ll raise profit as well. Now all you have to do is decide the amount you will use to copy the traders trades and it will happen AUTOMATICALLY!


Checkout etoro copy trader here


Etoro demo / virtual account


To make it even easier, you can practice trading without having to invest your own capital.


Practice does make perfect and with etoro's feature, it will let you practice exactly as a real account so that it gives you the advantage when you start making trades in the market. It is a very accurate tool and user-friendly.


Easy to make trades and no guessing


One of the big benefits of using the etoro charts over a more basic solution that needs downloading such as MT4 is how easy it is to make trades and that you are shown the exact trade variables in dollar amounts. This is a major plus.


As you can see in the image below; making trades is as easy as finding the markets you want to trade on and then using the buy/sell buttons.


You are given the option of how much in real dollar terms you want to trade, how much you want to risk and how much leverage you want to use.


Best Copy Trading Platforms (2021), copy trading.


If you place a stop or target into the platform you can see how much money you stand to make or lose. There is no risk of getting it wrong. See an example of a trade order below;


Etoro make placing trades incredibly simple.


Best Copy Trading Platforms (2021), copy trading.


Mobile trading platform


Sitting all day in front a computer is not very butt-friendly.


With etoro, you can learn to trade without breaking your trading bank as it has an app that lets you trade anytime and anywhere.


Etoro allows you to copy trade professional traders


The idea of a copy trader is simple. In etoro you automatically see opened positions, you decide on who you will copy and then make decisions based on their gain percentage.


Etoro allows you to both make trades yourself and also copy trades that other profitable traders on the platform are making.


This means you can find traders who have a record of making regular profits and make the same trades as them, risking only as much or as little money as you want and retaining full control on what your account does.


You are not giving anyone your money, just copying their trades.


Best Copy Trading Platforms (2021), copy trading.


The best way to start following traders who have the highest chance of making you regular profits is using the etoro stats and filters.


Etoro have a huge amount of data they allow you to see about any trader you may be interested in following.


You can see how often they trade, how often they win and lose, how long they have been making profits (to make sure they have not just had a quick / short lucky run), if they often take risky trades or if they have large account draw-downs and a lot more.


See a few of these stats in the image below and make sure to use them when picking the best traders to invest your money with.


Best Copy Trading Platforms (2021), copy trading.


How to copy trade on etoro


Social trading


Social trading networks were born from the idea of connecting like-minded individuals.


It allows investors to replicate an experts way of trading. It introduced new ways of analyzing financial data by giving you a place to compare and copy trades.


Etoro’s social newsfeed, its copy trading system, and popular investor programs is the next generation’s powerful trading platform.


Copy trading


In etoro, the first thing you have to do is pick a trader that you think has the the chance to make you the most profit and decide the amount you want to invest. With a click of a button trades start being copied.


Copy and trade, quick and simple.


Why do so many people use etoro?


Best Copy Trading Platforms (2021), copy trading.


The answer is very simple! Because it's easy and accurate.


It gives you an amazing advantage when you engage in making trades in the market.


You have a huge range of markets to choose from, you can select from a massive range of traders who have proven track records of making profits and then can split your risk by copying multiple traders.


Etoro market types


A look at the trading markets available and you can quickly see that almost every market a trader could want to trade is available from;



  • Stocks – individual stock markets

  • Forex – from the major like EURUSD to all the cross and exotics FX pairs.

  • Cryptocurrencies – a wide range of cryptomarkets to make trades on.

  • Indices – stock indices ranging from the UK100 through to the ITA40

  • ETF's – different exchange traded funds based on certain stocks or indexes.

  • Commodities – such as gold, silver, oil and more.



How to get started with etoro


#1: signup with either a real or free virtual account here


Both accounts are free and do not have any ongoing costs.


Best Copy Trading Platforms (2021), copy trading.


#2: deposit money into your trading account


Etoro have a wide range of deposit and withdrawal options that include;



  • Credit card

  • Paypal

  • Skrill

  • China union pay

  • Neteller

  • Giropay/sofort

  • Wire transfer

  • Webmoney

  • Yandex

  • Unionpay



#3: start demo / real trading


When you signup to etoro you will gain access to the free virtual account. You can now start practice trading with virtual money just like you would in the real markets.


When you are ready you can then begin using your real capital to trade yourself or invest in other traders to copy their trades.


#4: follow professional profitable traders


NOTE: this is optional because you can just trade selecting from all the different markets on etoro and not follow anyone.


Use the filters to find the best traders to copy and invest in and profit from their trades.


Make sure to follow multiple traders and traders that invest and trade in different markets. You can lower your overall risk and make sure you are diversified across a wide set of markets by copying different traders who trade in different sets of markets.


Get a free etoro trading account here


Regulations


Regulations are super important and etoro are regulated by etoro (europe) ltd., a registered cypriot investment firm (CIF). Etoro is regulated by the cyprus securities & exchange commission (cysec). Etoro UK is authorized and regulated by the financial conduct authority (FCA). Etoro (europe) and etoro (UK) ltd. Are both operated under and comply with the markets in financial instruments directive.


What countries can use etoro?


Etoro operates in most parts of the world. However; etoro does not accept some countries and these are; USA, canada, japan, brazil, turkey, north-korea, iran, cuba, sudan, syria.


Conclusion


Etoro has been around since 2007 offering the best social trading and copy trading platforms for traders to use and also gives you a chance to practice social trading online with a huge range of options and simplicity.



Best copy trading platforms


Securities.Io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.


Copy trading is one of the easiest ways you can get started in trading a huge number of assets with little or no experience, and also perfect if you have limited time to dedicate to trading.


This form of trading of course allows you to copy the moves of other successful traders and in many cases to do so through automation or with limited involvement. This creates huge convenience but means you have to completely trust the copy trading platform.


For that reason, we have put together this listing of the very best copy trading platforms you can choose from with top-rated forex brokers.


Best copy trading platforms (2021)


Best Copy Trading Platforms (2021), copy trading.


Best Copy Trading Platforms (2021), copy trading.


Cryptocurrencies are highly volatile digital assets. The daily highs and lows are far greater in intensity than any other tradable asset. This creates an opportunity for people to capitalize on the gains and mitigate their losses on value shedding.


One of the most notable products is copy trade. It involves mimicking the trading strategy or moves of another trader. However, in the past, when an investor wants to copy the strategies from other traders, they have to find a signal provider from different trading communities, and then go on a trading platform to trade.


Nowadays, many trading platforms have integrated the copy trade function into their products and services, which allows most investors copy other traders in a more convenient way. Currently, the trading platforms in the market, etoro, zulutrade, and bityard all have launched copy trade system.


Etoro is a well-known trading platform which provides forex trading, stocks trading, commodities trading, indices trading, cryptocurrency trading, cfds reading, index based funds trading, and exchange traded funds (ETF) trading services. It is also a famous platform with distinguished social trading service, and is compliant with regulations under the supervisions of the financial conduct authority (FCA), cyprus securities and exchange commission (cysec), markets in financial instruments directive (mifid), australian securities and investments commission (ASIC).


Best Copy Trading Platforms (2021), copy trading.


Etoro developed its copy trade system with great social features. Finding a trader to copy on etoro is similar to finding a friend on facebook. Etoro users have personal pages, and can post content and react to other users’ content. On the personal page of a trader, etoro users can find the strategy style and trading history data of the trader, which helps the users decide to copy or not.


On etoro, the user discussion focuses on a wide range of asset investment types, and most of the users enjoy the well-designed social environment. For any investor who is seeking a place for social communications and free discussions, etoro is probably a great option.


Zulutrade


Zulutrade focuses mainly on forex trading services, but also offers indices, stocks, cryptocurrencies and commodities trading services. Unlike other trading service providers, zulutrade provides a platform tied up with many brokers. The minimum deposit and financial regulations are based on different brokers.


Best Copy Trading Platforms (2021), copy trading.


Compared with etoro, zulutrade has very prominent forex trading services, and the copy trade system of zulutrade is also tailor-made for forex trading. On etoro, traders followed by other users are more diverse, and the user discussion and communication on etoro are more active than most trading platforms. On the contrary, on zulutrade, the user discussion is mainly about forex trading, with higher professionalism, which may be too complicated for beginners.


On zulutrade, detailed data about the traders will be displayed in order to help other users to find an appropriate trader to copy. On the personal page of a trader on zulutrade, trading-related data such as profit, performance, drawdown, and sharpe ratio will be shown. When a zulutrade user wants to copy a trader, the personal pages of traders also provide data of estimated ROI and net P&L for reference. Zulutrade is a great platform for the investors who are into forex trading for a long term.


Bityard, a relatively young exchange, focuses mainly on crypto asset trading, and also offers commodities and indices services. Furthermore, it will launch US stock trading services shortly. Bityard has obtained legal financial licenses issued by the business administration of singapore (ACRA), the united states financial supervisory authority (MSB), the australian transaction reporting and analysis center (AUSTRAC) and the estonian financial regulatory authority (MTR).


Best Copy Trading Platforms (2021), copy trading.


Compared with etoro and zulutrade, bityard is quite young. However, it provides professional and rich cryptocurrency trading services, including more than 30 types of crypto spot and more than 15 contract trading options. Popular currencies related to defi (decentralized finance) are also available on bityard, which is a pretty good platform for crypto traders.


Another great feature of bityard is the highly user-friendly UI and trading progress design. Anyone can complete the registration within one minute and start trading in DEMO mode. To open a position in real mode, only five US dollars as margin entry is needed, which is much lower than the minimum requirement of many other platforms. In addition, bityard copy trade system is quite easy to understand. Any bityard user can quickly find a trader with a great trading performance and finish the position margin setting to start copying. On bityard, most people with no financial background can become familiar with crypto investment in a short time.


Comparison of three exchanges


Best Copy Trading Platforms (2021), copy trading.


Conclusion


To sum up, each of the three platforms has its own features: etoro is distinguished with its great social features, which create a large-scale trader communication environment; zulutrade is a professional platform for forex trading; bityard has diverse cryptocurrency trading services such as contract, derivatives, and spot trading, and it’s one of the best platforms for beginners. However, traders should choose the right platform according to their own need.


Note: this article is for informational purposes only and should not be construed as investment advice. All investments come with some degree of risk.



An in-depth overview of copy trading [ updated in 2020–21 ]


Best Copy Trading Platforms (2021), copy trading.


Skrimon


Member

What is copy trading?


Copy trading is the practice of choosing traders to follow who typically have more experience, and a higher success rate, and copying their trades.


Here we will take a closer look at exactly what copy trading is, how it works, and some of the benefits you may find for yourself by getting into copy trading.


The basics of copy trading


As a copy trader, the very first thing you will need to do is find yourself a forex broker who allows copy trading. Perhaps the best example of copy trading through a broker in the world comes from FP markets.


They are well recognized as a giant of both copy and social trading. Even so, most top brokers can be connected with a copy trading service that will allow you to get into copy trading.


With copy trading, what you are essentially doing is investing in the growth of a particular trader, or traders, who you decide to copy.


This process can actually be a very simple one. Through your copy trading platform, you choose traders to copy based on their own trades.


Once you have done this, your trading positions will be opened and closed at the same time as the traders you copy.


This means that you should emerge from copy trading with much the same profits and losses as those traders you copy.


There are a number of factors that will influence this outcome. Chief among them will be when you have started to copy a trader, as well as if you choose to automatically copy their entire movement of positions or only certain ones.


You typically also have the flexibility to open and close positions at any time you wish even though you are copy trading.


Before you start copy trading


While you are copy trading, it is likely that you will choose to copy the trades of an experienced, and profitable trader.


Before this though, there are a few key steps that you still need to follow in order to set yourself up for success.


Although you may be copying other top traders, it is still vital that you do your own research on the markets and positions that they are opening.


This will make you much more successful in choosing the right traders to copy for you.


Take time to evaluate the information made available on the traders you copy. You want to make sure that they fit your risk profile in how they trade.


Make sure you are comfortable with the size of trades that a trader you are copying is opening.


Evaluate the past and current performance of a trader and pick your time to start copying. You may not want to start copying at a time when they have reached peak profits and are starting to decline. Choose your entry point.


How copy trading works


Copy-trading usually takes place through a dedicated and structured copy trading platform such as that offered by


, or through connecting your broker account to other similar trading platforms.


There are two parties to copy trade, the trader, and the copier. Traders can sign up to be copied if they have enough experience and can typically demonstrate strong performance.


These traders will then typically earn a commission for each copier they have. This commission can vary based on the trader or platform.


When your trader opens a new position, you will be notified, and your positions also opened simultaneously if you are engaged in an auto-copy strategy. You will then stay in these trades until the positions are closed by the trader, or you manually close them prior to that.


The profits you have made here, minus any fees and commissions, are yours to keep. All of this without doing any trading yourself.


As a new trader, you may want to trade forex for the first time. With little or no experience, you may not know the best trades to make, particularly during uncertain market times, or with the most volatile forex currency pairs.


In this case, it makes great sense for you to find a forex trader you can copy who has a good record in trading the pairs you are interested in.


You then have an experienced trader effectively controlling your positions in the market and doing their best to make them profitable.


Advantages and disadvantages of copy trading


You can benefit from the experience and skills of traders who know the markets you wish to trade and have proven records of profitability that you can view with transparency.


Copy-trading can be a great way to diversify your portfolio and become invested in assets that you may not previously have considered, or have experience in.


The top copy trading platforms like FP markets make the whole process very user-friendly, and you can also save a great amount of time by not having to follow market movements and do your own trading.


There is still an element of risk in copy trading. The trader you are copying could, and sometimes will lose. Beware of traders who claim to never lose.


While you have a certain degree of control, more than in mirror trading, for example, you are still limited in the actions you can perform once you have decided to invest in a trader.


The ease with which you can engage in copy trading can act as a disincentive to many when it comes to learning more about the markets and building trading skills.


With less time to dedicate, but an increased curiosity about the forex market and desire to diversify, copy trading has become increasingly popular in recent years.


It is accessible, user-friendly, and extremely efficient as an investment method, though you do sacrifice a degree of control, and there are still risks to factor in.


For those reasons, it will depend on your trading style, and what you see as your trading vision whether or not you decide to take up the popular pursuit of copy trading.



Alpari copytrade


Sit back and watch your potential profits grow with copy trade service


Want to trade forex but don’t know where to start? Experience all the excitement of the most liquid market in the world when you copy the trades of a suitable strategy manager.


How alpari copytrade works


Best Copy Trading Platforms (2021), copy trading.


Alpari copytrade allows you to copy the trading positions of another trader, called the strategy manager. The beauty is that you don’t need any advanced knowledge of forex trading to get started. These strategy managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions. Once you decide whom to follow, they do the trading that could lead to potential increases in your capital.


Let’s say you invest $1000. You start following and copying the trades of a strategy manager who makes a $200 profit on his next successful trade. Through alpari copytrade’s system, the strategy manager earns an extra 10% of this profit, while you add $180 to your initial investment for a total of $1180. Without as much as lifting a finger, you’ve earned a tidy sum. Not bad, right?


Join alpari copytrade today…
…with as little as $/€/£100!


Straightforward


No need for any advanced forex trading experience or deep knowledge


Stay in control


You choose the most suitable strategy manager for you and how much you want to invest


Safe and secure


Your account is only visible to you and is completely protected


Up-to-the-minute updates


Monitor your account in real-time


Accessible from anywhere


Stay connected on our website or wherever you are in the world


Easy to manage


Manage your funds the way you want to – withdraw, invest and pay your strategy manager only if you profit


While past strategy manager results do not guarantee future returns, and the likelihood for losses is always present, the key is that everyone has the possibility to profit from alpari copytrade.


Join today and find out how.



  1. Fill in the form above and register your account

  2. Choose the most suitable strategy manager from hundreds of choices

  3. Verify your account

  4. Deposit funds, sit back and watch that strategy manager trade for you!


Top 3 strategy managers


Capitalfirst

Best Copy Trading Platforms (2021), copy trading.


MFT-TEAM-KH

Best Copy Trading Platforms (2021), copy trading.


Alphago_mam1

Best Copy Trading Platforms (2021), copy trading.


Past performance does not guarantee future results.


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So, let's see, what we have: nowadays, many trading platforms have integrated the copy trade function into their products and services, which allows most investors copy other traders in a more convenient way. Currently, the trading platforms in the market, etoro, zulutrade, and bityard all have launched copy trade system. At copy trading

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