10 Best Social Trading Platforms
The 10 Best Social Trading Platforms – Rated and Reviewed. We have listed the best Forex Brokers with Social Trading Platforms in 2025*.
In this in-depth write-up you will learn:
- A List of the 10 Best Social Trading Platforms
- Pros and Cons of Forex Trading
- What is a Social Trading Platform?
and much, much more!
| 🔍Forex Broker | 🎁Sign Up Here | 💵Minimum Deposit | ⬆️Leverage |
| 🥇Tickmill | 👉 Click Here | $100 USD | 1:1000 |
| 🥈OctaFx | 👉 Click Here | $25 USD | 1:1000 |
| 🥉HFM | 👉 Click Here | $5 USD | 1:2000 |
| 🏅FXCM | 👉 Click Here | $50 USD | 1:1000 |
| 🏆Pepperstone | 👉 Click Here | $0 USD | 1:400 |
| 🎖️eToro | 👉 Click Here | $50 USD | 1:400 |
| 🥇GO Markets | 👉 Click Here | $0 USD | 1:500 |
| 🥈Alpari | 👉 Click Here | $100 USD | 1:1000 |
| 🥉FP Markets | 👉 Click Here | $50 USD | 1:500 |
| 🏆XM | 👉 Click Here | $5 USD | 1:1000 |
10 Best Social Trading Platforms (2025)
- ☑️Tickmill – Overall, The Best Social Trading Platforms
- ☑️OctaFx – Best Trading Platforms
- ☑️HFM – Best Affiliate Programs
- ☑️FXCM – Best Mobile Trading Platforms
- ☑️Pepperstone – Best MT4 Broker
- ☑️eToro – Excellent Loyalty Program
- ☑️GO Markets – Highly Regulated Forex Broker
- ☑️Alpari – Most Transparent Forex Broker
- ☑️FP Markets – Excellent Trading Conditions
- ☑️XM – Outstanding
1. Tickmill
Tickmill allows all social trading methods, enabling you to trade using MQL signals, AutoTrade, and even become a Multi-Account Manager.
| 🔍Broker | 🥇Tickmill |
| 🔢Year Founded | 2014 |
| 👤Amount of Staff | 100+ |
| 👥Amount of Active Traders | 100,000+ |
| 📌Publicly Traded | None |
| 📉Regulation | CySEC FCA FSA FSCA Labuan FSA |
| 🌎Country of Regulation | UK Cyprus Seychelles |
| 🗂️Account Segregation | ✅Yes |
| 📍Negative Balance Protection | ✅Yes |
| 🌟Investor Protection Schemes | ✅Yes(up to €50,000 under FCA regulation) |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | ✅Yes (PAMM accounts available) |
| 💵Minor Account Currencies | USD EUR GBP JPY AUD CAD |
| 💴Minimum Deposit | $100 |
| ⏱️Average Deposit/Withdrawal Processing Time | 1 – 3 business days |
| 💷Fund Withdrawal Fee | None, but third-party fees may apply |
| ✏️Spreads | 0.0 pips |
| 💶Commissions | From $2 per lot (round turn) |
| 5️⃣Number of Base Currencies Supported | 5 |
| 💴Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin Requirements | Varies by instrument |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | |
| 🖥️VPS Hosting | ✅Yes (free for eligible accounts) |
| ✏️CFDs – Total Offered | 300+ |
| 📊CFD Stock Indices | 15+ |
| 📈CFD Commodities | 20+ |
| 🖋️CFD Shares | 100+ |
| 💳Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
| 💶Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
| 👉Trading Platforms | MetaTrader 4 MetaTrader 5 |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist Trading Central VPS |
| 🌟Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@tickmill.com |
| ☎️Customer Support Contact Number | +44 20 8089 0375 |
| 📱Social Media Platforms | Facebook |
| ⚙️Languages Supported on Website | Multiple languages, including English, Chinese, Spanish |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles Video Tutorials Market Analysis |
| 🤝Affiliate Program | ✅Yes |
| 👍Amount of Partners | Not publicly disclosed |
| 🫶IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes (various sporting events and teams) |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Low Trading Costs | Limited Product Range |
| Negative Balance Protection |
No VPS Hosting |
Frequently Asked Questions
Does Tickmill offer a demo account?
Yes, Tickmill provides a free demo account with virtual funds, allowing traders to practice their strategies without risking real money.
What is the minimum deposit for Tickmill?
The minimum deposit for a Pro or Classic account is $100.
Does Tickmill charge commission fees?
Tickmill charges low commission fees on its Pro and VIP accounts. There are no commissions for the Classic account; however, spreads are slightly higher.
Does Tickmill offer negative balance protection?
Yes, Tickmill offers negative balance protection to ensure that clients cannot lose more than their account balance.
Our Verdict
Tickmill is a well-regulated and reputable forex and CFD broker, offering competitive trading conditions such as low spreads, fast execution speeds, and various account types tailored to different traders, including Islamic accounts.
2. Octa
Copy-trading with Octa’s app allows you to get huge profits without effort by making investment decisions in the palm of your hand.
The Octa Copytrading app lets you conveniently invest almost any amount for any term—you can withdraw your profit at any time. All setups are simple and intuitive: you can easily manage your investment, even while dining in a restaurant or riding on a train.
| 🔍Broker | 🥇OctaFX |
| 🔢Year Founded | 2011 |
| 👤Amount of Staff | 300+ |
| 👥Amount of Active Traders | Over 1.5 million |
| 📌Publicly Traded | None |
| 📈Regulation | Unregulated |
| 🌎Country of Regulation | N/A |
| 🗂️Account Segregation | ✅Yes |
| ❌Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | None |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | EUR USD |
| 💵Minimum Deposit | $25 |
| ⏰Average Deposit/Withdrawal Processing Time | Within 1-3 hours |
| 💳Fund Withdrawal Fee | No fees |
| ✏️Spreads from | 0.6 pips |
| 💶Commissions | Zero commissions |
| 2️⃣Number of Base Currencies Supported | 2 (USD, EUR) |
| 💷Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin Requirements | Varies by account type and leverage |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | 0.1 seconds |
| 🖥️VPS Hosting | ✅Yes (free upon meeting conditions) |
| ➡️CFDs-Total Offered | 200+ |
| 📈CFD Stock Indices | ✅Yes |
| 👉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💴Deposit Options | Bank Transfer Credit/Debit Card E-Wallets Crypto |
| 💳Withdrawal Options | Bank Transfer Credit/Debit Card E-Wallets Crypto |
| 📊Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) OctaFX WebTrader |
| 🍎OS Compatibility | Windows MacOS Android iOS |
| 🔩Forex Trading Tools | Economic Calendar Trading Calculators CopyTrading |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@octafx.com |
| ☎️Customer Support Contact Number | Not publicly listed |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | English Spanish Portuguese Indonesian Hindi Urdu Chinese, and more |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 🖥️Webinars | ✅Yes |
| 📖Educational Resources | Articles Video Tutorials Market Analysis |
| 🤝Affiliate Program | ✅Yes |
| 👤Amount of Partners | Not disclosed |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes, sponsored motorsports and esports events |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Ultra-fast execution | No VPS available |
| Well-regulated | No Forex educational tools |
Frequently Asked Questions
What are the customer support options at Octa?
Octa offers customer support via live chat, email, and phone.
Does Octa support social or copy trading?
Yes, Octa supports copy trading through its proprietary platform, allowing users to copy the trades of successful traders.
Does Octa charge deposit or withdrawal fees?
No, Octa does not charge any fees for deposits or withdrawals. However, third-party charges from banks or payment processors may apply.
What is the minimum withdrawal amount for Octa?
The minimum withdrawal amount varies depending on the payment method. For bank transfers, the minimum is typically $25, while for e-wallets, it can be as low as $5.
Our Verdict
Octa is a well-suited broker for both beginner and intermediate traders, offering user-friendly platforms like MetaTrader 4, MetaTrader 5, and cTrader. With competitive trading conditions, including low minimum deposits, no commission fees on most accounts, and high leverage, it appeals to cost-conscious traders.
3. HFM
The HFcopy platform from HFM is a great tool that allows traders to join forces with each other to try and master the markets.
Individuals can create trading strategies and earn a Performance Fee by taking up the role of a Strategy Provider or copy trades as a Follower without needing to actually trade or to closely follow the market ups and downs.
| 🔍Broker | 🥇HFM |
| 🔢Year Founded | 2010 |
| 👤Amount of Staff | 200+ |
| 👥Amount of Active Traders | 2.5 million+ |
| 📌Publicly Traded | None |
| 📈Regulation | FSCA CySEC DFSA FSA FCA FSC CMA |
| 🌎Country of Regulation | Cyprus UK South Africa UAE Seychelles |
| 🗂️Account Segregation | ✅Yes |
| ➡️Negative Balance Protection | ✅Yes |
| 📌Investor Protection Schemes | ✅Yes (up to €20,000 under CySEC) |
| 🎉Institutional Accounts | ✅Yes |
| 👤Managed Accounts | ✅Yes (PAMM/MAM accounts) |
| 💵Minor Account Currencies | USD EUR GBP JPY AUD ZAR |
| 💶Minimum Deposit | 5 USD |
| ⏱️Average Deposit/Withdrawal Processing Time | 1 – 3 business days |
| 💴Fund Withdrawal Fee | None, but third-party fees may apply |
| ✏️Spreads | 0.0 pips |
| 💷Commissions | From $6 per lot (round turn) |
| 🔢Number of Base Currencies Supported | 12 |
| 💵Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:1000 |
| 📉Margin Requirements | Varies by instrument |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | |
| 🖥️VPS Hosting | ✅Yes |
| 📈CFDs – Total Offered | 1,200+ |
| 📊CFD Stock Indices | 20+ |
| ✏️CFD Commodities | 20+ |
| 👉CFD Shares | 950+ |
| 💳Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods |
| 💴Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 HF App |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist Trading Central VPS HFcopy |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@hfm.com |
| ☎️Customer Support Contact Number | +44 203 097 5796 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | Multiple languages, including English, Chinese, Spanish, Arabic |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 🖥️Webinars | ✅Yes |
| 📖Educational Resources | Articles Video Tutorials eBooks Market Analysis |
| 🤝Affiliate Program | ✅Yes |
| 🫶IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Low minimum deposit | High inactivity fees |
| Leverage up to 1:2000 | VPS hosting costs extra |
Frequently Asked Questions
What is the minimum deposit to start trading with HFM?
The minimum deposit to open an account with HFM is $5 for a Micro Account.
Does HFM offer a demo account?
Yes, HFM provides a free demo account with virtual funds for traders to practice and test their strategies in a risk-free environment.
Does HFM offer negative balance protection?
Yes, HFM offers negative balance protection, ensuring that clients cannot lose more money than they have deposited into their accounts.
Does HFM support social trading?
Yes, HFM supports social trading through platforms like HFCopy and Myfxbook, allowing traders to copy the strategies of experienced traders.
Our Verdict
With its negative balance protection, robust regulatory oversight, and strong educational resources, HFM provides a safe and supportive environment for trading. HFM is a solid choice for those looking for a versatile trading platform with comprehensive tools and services.
4. FXCM
FXCM allows social trading through the ZuluTrade platform. A pioneer in the arena of “social trading,” ZuluTrade presents individuals with a method of consulting and copying the trades of other traders in real time.
ZuluTrade is an attractive alternative for individuals who are just starting or those who simply do not have the time to fully engage the forex.
| 🔍Broke | 🥇FXCM |
| 🔢Year Founded | 1999 |
| 👤Amount of Staff | Over 600 |
| 👥Amount of Active Traders | Over 130,000 worldwide |
| 📌Publicly Traded | None |
| 📉Regulation | FCA, ASIC, FSCA, CySEC |
| 🌎Country of Regulation | United Kingdom, Australia, South Africa, among others |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes (only for retail clients under FCA and ASIC regulation) |
| 💙Investor Protection Schemes | FSCS (UK) |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | ✅Yes (through FXCM Prime) |
| 💴Minor Account Currencies | EUR, GBP, AUD, JPY, CAD, CHF |
| 💵Minimum Deposit | $50 for most account types |
| ⏰Average Deposit/Withdrawal Time | 1-3 business days |
| 💳Fund Withdrawal Fee | Varies by method |
| ✏️Spreads From | 1.3 pips (EUR/USD) |
| 💷Commissions | ✅Yes, depending on the account type |
| 5️⃣Number of Base Currencies Supported | 5 |
| 💸Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:400 (depending on the region) |
| 📈Margin Requirements | Varies by asset class and region |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | Less than 1 second |
| 🖥️VPS Hosting | ✅Yes, for eligible clients |
| 👉CFDs – Total Offered | Over 300 |
| 📈CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💶Deposit Options | Credit/Debit cards, Bank Transfer, Skrill, Neteller, UnionPay, etc. |
| 💳Withdrawal Options | Bank Transfer, Credit/Debit cards, Skrill, Neteller, etc. |
| 📊Trading Platforms | Trading Station, MetaTrader 4 (MT4), NinjaTrader, ZuluTrade |
| 🍎OS Compatibility | Windows, Mac, iOS, Android |
| 🪛Forex Trading Tools | Trading signals, market analysis, research tools, automated trading options |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | info@fxcm.com |
| ☎️Customer Support Contact Number | Varies by region |
| 📱Social Media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| ⚙️Languages Supported on Website | English, French, German, Italian, Chinese, Japanese, Arabic, Spanish, and more |
| 🎓Education ans Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles, videos, tutorials, webinars, trading guides |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Not specified |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | No notable sponsorships currently |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Low minimum deposit | Limited product portfolio |
| Advanced research tools | No Web Trader option available for trading platforms |
Frequently Asked Questions
Does FXCM offer a demo account?
Yes, FXCM offers a free demo account where traders can practice with virtual funds and familiarize themselves with the platform before trading real money.
What is the minimum deposit to open an FXCM account?
The minimum deposit to open a standard trading account with FXCM is $50.
Does FXCM offer negative balance protection?
Yes, FXCM offers negative balance protection, ensuring that clients do not lose more than the funds available in their accounts.
Does FXCM support social trading?
Yes, FXCM supports social trading through ZuluTrade, where traders can copy the strategies of experienced traders automatically.
Our Verdict
FXCM is a well-established and regulated broker that offers a wide range of trading instruments, platforms, and services suitable for both beginners and experienced traders. Its support for social trading through ZuluTrade and flexible leverage make it attractive to different types of traders.
5. Pepperstone
Pepperstone has partnered with numerous social trading platforms for forex and CFD traders who wish to follow and copy trades made by others. These include MetaTrader 4 Signals, Copy Trading by Pepperstone, DupliTrade, and Signal Start.
| 🔍Broker | 🥇Pepperstone |
| 🔢Year Founded | 2010 |
| 👤Amount of Staff | Approximately 200+ |
| 👥Amount of Active Traders | Over 300,000 |
| 📌Publicly Traded | None |
| 📉Regulation | ASIC BaFin, CMA, CySEC, DFSA, FCA, SCB |
| 🌎Country of Regulation | Australia UK UAE Germany Bahamas Cyprus |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes, under FCA and CySEC regulations |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | ✅Yes, supports multiple currencies |
| 💵Minimum Deposit | $200 |
| ⏰Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💳Fund Withdrawal Fee | None |
| ✏️Spreads From | 0.0 pips (Razor Account) 1.0 pips (Standard Account) |
| 💷Commissions | $7 per round turn (Razor Account) |
| 🔟Number of Base Currencies Supported | 10+ (including USD EUR GBP AUD JPY CHF CAD, and more) |
| 💸Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 30:1 (Retail clients in UK/EU) up to 500:1 (Professional clients and other regions) |
| 📈Margin Requirements | Varies by asset and leverage level |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | ~30ms |
| 🖥️VPS Hosting | ✅Yes, free VPS for clients who meet specific trading volume requirements |
| 👉CFDs-Total Offered | Over 1,200 |
| 📈CFD Stock Indices | 23 |
| 📉CFD Commodities | 15 |
| 📊CFD Shares | Over 900 |
| 💷Deposit Options | Bank transfer credit/debit cards PayPal Neteller Skrill POLi BPay UnionPay and more |
| 💳Withdrawal Options | Bank transfer credit/debit cards PayPal Neteller Skrill POLi BPay UnionPay, and more |
| 📊Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Smart Trader Tools Autochartist API trading cTrader Automate |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes, 24/5 |
| 💻Customer Support Email Address | support@pepperstone.com |
| ☎️Customer Support Contact Number | Varies by region (e.g., +44 (800) 0465473 for the UK) |
| 📱Social Media Platforms | Facebook |
| ⚙️Languages Supported on FBS Website | English Chinese Arabic German Spanish French Portuguese Italian Thai Vietnamese and more |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles eBooks video tutorials webinars trading guides |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Not publicly disclosed |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | None |
| 🎀Rebate Program | ✅Yes, under the IB program |
| 💰Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| No minimum deposit | A limited number of instruments |
| Low trading fees for forex |
No additional research tools |
Frequently Asked Questions
Does Pepperstone offer a demo account?
Yes, Pepperstone provides a free demo account that allows traders to practice trading with virtual funds and get familiar with the trading platform before committing to real money.
Does Pepperstone offer negative balance protection?
Yes, Pepperstone provides negative balance protection to ensure that clients do not lose more than the amount they have in their trading accounts.
Does Pepperstone support social trading?
Yes, Pepperstone supports social trading through platforms like Myfxbook and ZuluTrade, allowing traders to copy the strategies of successful traders.
Does Pepperstone charge commissions on trades?
Pepperstone’s Razor Account charges commissions, while the Standard Account typically operates on a spread-only basis. Commission rates may vary, so it’s best to check the current terms.
Our Verdict
The availability of multiple trading platforms, including MetaTrader and cTrader, along with a demo account for practice, makes it accessible for new traders to familiarize themselves with the markets. Pepperstone’s low spreads, flexible leverage options, and diverse array of trading instruments enhance its appeal.
6. eToro
eToro also offers the widest diversity of instruments for you to trade on compared to other social trading platforms. In addition to the usual currencies and commodities, you can also trade major indices, stocks, ETFs, and cryptos. The benefit of this is the potential diversification of your portfolio.
| 🔍Broker | 🥇eToro |
| 🔢Year Founded | 2007 |
| 👤Amount of Staff | 1,000+ |
| 👥Amount of Active Traders | 30+ million |
| 📌Publicly Traded | None |
| 📉Regulation | CySec (Cyprus) FCA (UK). |
| 🌎Country of Regulation | UK Cyprus |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes (for European clients under CySEC regulation) |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | USD EUR GBP AUD |
| 💵Minimum Deposit | $10 (varies by region and payment method) |
| ⏰Average Deposit/Withdrawal Processing Time | Instant for deposits; 1-8 business days for withdrawals |
| 💳Fund Withdrawal Fee | $5 |
| ✏️Spreads from | 1 pip |
| 💶Commissions | Zero commission for stocks, spreads on CFDs |
| 9️⃣Number of Base Currencies Supported | 9 USD EUR GBP AUD CAD JPY CHF NZD and more |
| 💷Swap Fees | ✅Yes (overnight fees) |
| ⬆️Leverage | Up to 1:30 (varies by instrument and region) |
| 📉Margin Requirements | Depends on asset class |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | Market execution |
| 🖥️VPS Hosting | None |
| 👉CFDs-Total Offered | 2,000+ |
| 📈CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💶Deposit Options | Bank transfer Credit/debit card PayPal Neteller Skrill, and more |
| 💳Withdrawal Options | Bank transfer Credit/debit card PayPal Neteller Skrill, and more |
| 📊Trading Platforms | Proprietary eToro Platform (Web and Mobile) |
| 🍎OS Compatibility | Windows Mac iOS Android |
| 🔩Forex Trading Tools | CopyTrader ProCharts Trading Signals |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | Online contact form |
| ☎️Customer Support Contact Number | N/A |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on eToro Website | 20+ languages |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Blogs Tutorials Guides Videos |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | N/A |
| 🫰🏻IB Program | None |
| 🎁Sponsorships | ✅Yes, various sports and events |
| 🎀Rebate Program | None |
| 💰Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Low minimum deposit | Limited account base currencies |
| Advanced trading platforms |
Withdrawals can be slow |
Frequently Asked Questions
Does eToro provide negative balance protection?
Yes, eToro offers negative balance protection, ensuring that users cannot lose more than the total amount they have invested in their accounts.
Does eToro offer educational resources?
Yes, eToro provides a variety of educational resources, including webinars, video tutorials, and articles to help users improve their trading skills and knowledge.
Is eToro suitable for beginners?
Yes, eToro is considered beginner-friendly due to its intuitive interface, educational resources, and the ability to copy successful traders, making it accessible for those new to trading.
What are the fees associated with eToro?
eToro does not charge commissions on stock and ETF trades, but it does charge spreads on other assets like forex and cryptocurrencies. Additionally, there may be fees for withdrawals and inactivity.
Our Verdict
eToro stands out as a unique trading platform that combines traditional trading with social features, making it an appealing choice for both beginners and experienced traders. Its user-friendly interface, extensive educational resources, and the innovative CopyTrader feature allow users to engage with the trading community and learn from successful investors.
7. GO Markets
GO Markets is one of Australia’s original Meta Trader 4 Forex brokers. In Investment Trends December 2019 Australia Leverage Trading Report, GO Markets was rated No.1 for customer service.
With GO Markets you can trade more than 350 products including Forex, Share CFDs, Commodities, Indices, and Metals with GO Markets MetaTrader 4 & 5 trading platforms.
| 🔍Broker | 🥇GO Markets |
| 🔢Year Founded | 2006 |
| 👤Amount of Staff | N/A |
| 👥Amount of Active Traders | N/A |
| 📌Publicly Traded | None |
| 📈Regulation | FSC |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes (depends on region) |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | ✅Yes (AUD, USD, EUR, GBP) |
| 💵Minimum Deposit | $200 |
| ⏰Average Deposit/Withdrawal Processing Time | 1–3 business days |
| 💳Fund Withdrawal Fee | None (some methods may apply fees) |
| ✏️Spreads From | 0.0 pips |
| 💷Commissions | ✅Yes (commissions on raw accounts) |
| 4️⃣Number of Base Currencies Supported | 4 (AUD, USD, EUR, GBP) |
| 💸Swap Fees | ✅Yes (on non-Islamic accounts) |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin Requirements | Depends on account type |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | Less than 1 second |
| 🖥️VPS Hosting | ✅Yes |
| 🫴🏻CFDs – Total Offered | 250+ |
| 📈CFD Stock Indices | 10+ |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💶Deposit Options | Bank Transfer, Credit/Debit Cards, Skrill, Neteller |
| 💳Withdrawal Options | Bank Transfer, Credit/Debit Cards, Skrill, Neteller |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 🍎OS Compatibility | Windows, Mac, iOS, Android |
| 🪛Forex Trading Tools | Trading signals, Autochartist |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support.mu@gomarkets.com |
| ☎️Customer Support Contact Number | +61 3 8566 7680 |
| 📱Social Media Platforms | Facebook, Twitter, |
| ⚙️Languages Supported on Website | English |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 🖥️Webinars | ✅Yes |
| 📖Educational Resources | ✅Yes (articles, videos, e-books) |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | N/A |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | None |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Low trading fees | Limited account options |
Frequently Asked Questions
Does GO Markets offer a demo account?
Yes, GO Markets offers a free demo account that allows traders to practice their strategies and familiarize themselves with the trading platform using virtual funds.
What types of accounts does GO Markets offer?
GO Markets provides various account types, including Standard Accounts, Raw Spread Accounts, and a demo account for practice.
Does GO Markets offer negative balance protection?
Yes, GO Markets provides negative balance protection, ensuring that clients cannot lose more than the amount they have deposited into their trading accounts.
Does GO Markets support automated trading?
Yes, GO Markets supports automated trading through the use of Expert Advisors (EAs) on the MetaTrader platform, allowing traders to implement automated strategies.
Our Verdict
GO Markets also stands out with its educational resources, helping traders improve their skills and make informed decisions. Additionally, features like negative balance protection and various payment methods contribute to a user-friendly environment.
8. Alpari
Alpari International offers a variety of trading accounts that offer unique advantages to both beginner and advanced traders, as well as those interested in social trading.
Alpari International offers a wide range of services suitable for both beginner and advanced traders.
| 🔍Broker | 🥇Alari |
| 🔢Year Founded | 1998 |
| 👤Amount of Staff | Over 300 |
| 👥Amount of Active Traders | 2 million+ |
| 📌Publicly Traded | None |
| 📉Regulation | Financial Services Commission (FSC) Mauritius |
| 🌎Country of Regulation | Mauritius |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | None |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | ✅Yes |
| 💴Minor Account Currencies | USD EUR GBP NGN |
| 💵Minimum Deposit | $1 (Nano account), $20 (Standard account) |
| ⏰Average Deposit/Withdrawal Processing Time | Instant to 24 hours (depending on method) |
| 💳Fund Withdrawal Fee | Depends on the withdrawal method |
| ✏️Spreads from | 0.4 pips (ECN Account) |
| 💷Commissions | ✅Yes (for ECN accounts) |
| 4️⃣Number of Base Currencies Supported | 4 (USD, EUR, GBP, NGN) |
| 💸Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:1000 |
| 📈Margin Requirements | Varies by account type and instrument |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | 0.03 seconds (average) |
| 🖥️VPS Hosting | Available for ECN and Pro accounts |
| 👉CFDs – Total Offered | 250+ |
| 📈CFD Stock Indices | 16 |
| 📉CFD Commodities | 5 |
| 📊CFD Shares | 50+ |
| 💶Deposit Options | Bank transfer, credit/debit cards, e-wallets (Neteller, Skrill, etc.) |
| 💳Withdrawal Options | Bank transfer, credit/debit cards, e-wallets (Neteller, Skrill, etc.) |
| 📊Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| 🍎OS Compatibility | Windows, macOS, iOS, Android |
| 🪛Forex Trading Tools | Trading signals, Autochartist, market analysis, economic calendar |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | customersupport@alpari.org |
| ☎️Customer Support Contact Number | +442 080 896 850 |
| 📱Social Media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| ⚙️Languages Supported on Website | English, Russian, Spanish, Portuguese, Chinese, and more |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes (various online courses) |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles, tutorials, eBooks, video lessons |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Over 400 partners worldwide |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes (various educational and financial events) |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes (Nano account) |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Advanced trading platforms |
Limited independent research tools |
Frequently Asked Questions
Does Alpari offer a demo account?
Yes, Alpari offers a free demo account that allows traders to practice their trading strategies and familiarize themselves with the trading platforms without risking real money.
Does Alpari offer negative balance protection?
Yes, Alpari offers negative balance protection, ensuring that clients do not lose more than their account balance during trading.
Does Alpari provide educational resources?
Yes, Alpari offers a variety of educational resources, including webinars, articles, video tutorials, and market analysis to help traders improve their skills and knowledge.
Can I trade on mobile with Alpari?
Yes, Alpari offers mobile trading applications for both iOS and Android, allowing traders to manage their accounts and execute trades on the go.
Our Verdict
With its solid regulatory framework, multiple account types, and access to popular trading platforms like MetaTrader 4 and MetaTrader 5, Alpari provides a flexible and secure trading environment.
9. FP Markets
FP Markets offers superior features, charting capabilities, signals, plus automated and copy trading functions. Traders also enjoy an improved strategy tester for greater precision with trading robots.
| 🔍Broker | 🥇FP Markets |
| 🔢Year Founded | 2005 |
| 👥Amount of Staff | Over 200 |
| 👤Amount of Active Traders | 60,000+ |
| 📍Publicly Traded | None |
| 📈Regulation | ASIC (Australia) CySEC (Cyprus) FSCA (South Africa) |
| 🌎Country of Regulation | Australia Cyprus South Africa |
| 🗂️Account Segregation | ✅Yes |
| 📌Negative Balance Protection | ✅Yes |
| 🚩Investor Protection Schemes | ✅Yes (CySEC) |
| 🖋️Account Types and Features | Standard Raw ECN VIP accounts available |
| 🎉Institutional Accounts | ✅Yes |
| 👤Managed Accounts | None |
| 💵Minor Account Currencies | EUR USD GBP AUD CAD CHF JPY NZD SGD HKD |
| 💴Minimum Deposit | $100 |
| ⏱️Average Deposit/Withdrawal Processing Time | Instant – 1 business day |
| 💸Fund Withdrawal Fee | None |
| ✏️Spreads | 0.0 pips |
| 💷Commissions | From $3 per side (Raw account) |
| 🔢Number of Base Currencies Supported | 10 |
| 💶Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin Requirements | Varies by instrument and account type |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | |
| ➡️VPS Hosting | ✅Yes (for eligible accounts) |
| 🫴🏻CFDs – Total Offered | 10,000+ |
| 📊CFD Stock Indices | 23+ |
| 💡CFD Commodities | 12+ |
| 👉CFD Shares | 2,000+ |
| 💳Deposit Options | Bank transfer Credit/Debit card PayPal Neteller Skrill Fasapay and more |
| 💳Withdrawal Options | Bank transfer Credit/Debit card PayPal Neteller Skrill Fasapay and more |
| 🛎️Trading Platforms | MetaTrader 4 MetaTrader 5 IRESS,WebTrader Mobile Apps |
| 💻OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist VPS Trading Central Myfxbook |
| 🤝Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 🖥️Customer Support Email Address | support@fpmarkets.com |
| ☎️Customer Support Contact Number | +61 2 8252 6800 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | 10+ including English Spanish Chinese Arabic |
| 📖Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 🎓Educational Resources | ✅Yes (articles, videos, eBooks, market analysis) |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Thousands worldwide |
| 👍IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes, involved in sports sponsorships |
| 💴Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes (Micro Accounts) |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Competitive trading fees | High stock CFD Fees |
| Fast processing for deposits and withdrawals |
Limited range of asset classes |
Frequently Asked Questions
Can I trade on mobile with FP Markets?
Yes, FP Markets offers mobile trading applications for both iOS and Android, enabling traders to manage their accounts and execute trades on the go.
Does FP Markets support automated trading?
Yes, FP Markets supports automated trading through Expert Advisors (EAs) on the MetaTrader platform, allowing traders to implement automated trading strategies.
Does FP Markets provide educational resources?
Yes, FP Markets offers various educational resources, including webinars, articles, video tutorials, and market analysis to help traders enhance their skills and knowledge.
Does FP Markets offer negative balance protection?
Yes, FP Markets offers negative balance protection, ensuring that clients cannot lose more than the funds available in their trading accounts.
Our Verdict
With options like MetaTrader 4, MetaTrader 5, and Iress, traders can choose the platform that best suits their needs. FP Markets caters to both beginners and experienced traders, offering a free demo account and comprehensive educational resources to help users improve their trading skills.
10. XM
XM offers a social trading service. The Mirror Trader platform allows investors to mirror professional traders on their trading accounts and execute trades manually, semi-automatically, or automatically.
| 🔍Broker | 🥇XM |
| 🔢Year Founded | 2009 |
| 👤Amount of Staff | 600+ |
| 👥Amount of Active Traders | 5,000,000+ |
| 📌Publicly Traded | None |
| 📈Regulation | CySEC (Cyprus) ASIC (Australia) IFSC (Belize) FCA (UK) |
| 🌎Country of Regulation | Cyprus Australia Belize UK |
| 🗂️Account Segregation | ✅Yes |
| ➡️Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes, up to €20,000 under CySEC |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | USD EUR GBP JPY CHF AUD HUF PLN |
| 💵Minimum Deposit | $5 |
| ⏰Average Deposit/Withdrawal Processing Time | Within 24 hours |
| 💷Fund Withdrawal Fee | None, but third-party fees may apply |
| ✏️Spreads | 0.6 pips |
| 💶Commissions | Zero on Standard and Micro accounts commission on Zero accounts |
| 🔢Number of Base Currencies Supported | 11 |
| 💸Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:1000 |
| 📉Margin Requirements | Varies by instrument and account type |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | |
| 🖥️VPS Hosting | ✅Yes (free for eligible accounts) |
| 📍CFDs – Total Offered | 1,000+ |
| 📈CFD Stock Indices | 30+ |
| ➡️CFD Commodities | 15+ |
| 📊CFD Shares | 1,200+ |
| 💳Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
| 💴Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
| 💡Trading Platforms | MetaTrader 4 MetaTrader 5 XM WebTrader |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist Trading Signals VPS |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@xm.com |
| ☎️Customer Support Contact Number | +357 25029933 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | 30+ languages |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles Video Tutorials Market Analysis |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Not publicly disclosed |
| 🫶IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes (various events and teams) |
| 🫰🏻Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes (Micro accounts available) |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Low CFD and withdrawal fees |
Average forex fees |
| Great educational tools | Inactivity fees |
Frequently Asked Questions
Does XM offer a demo account?
Yes, XM provides a free demo account that allows traders to practice their trading strategies and familiarize themselves with the platform using virtual funds.
What is the minimum deposit required to open an account with XM?
The minimum deposit required to open a Micro or Standard Account is $5, while the XM Zero Account typically requires a minimum deposit of $100.
Does XM offer negative balance protection?
Yes, XM provides negative balance protection, ensuring that clients do not lose more than their deposited funds.
What are the spreads like at XM?
XM offers competitive spreads that vary depending on the account type. For example, spreads can be as low as 0.0 pips on the XM Zero Account, while Micro and Standard Accounts generally have slightly higher spreads.
Our Verdict
XM is a reputable forex and CFD broker that caters to both novice and experienced traders with its wide range of account types, competitive trading conditions, and robust educational resources. XM stands out as a reliable choice for traders seeking diverse instruments, strong regulatory oversight, and comprehensive support to help them succeed in their trading journey.
What is a Social Trading Platform?
A social trading platform is an online trading environment that allows traders to observe and replicate the trading strategies of more experienced investors. These platforms leverage social networks to facilitate the sharing of trading ideas, strategies, and performance data among users. Here are some key features and benefits of social trading platforms:
- Users can automatically copy successful traders’ real-time trades in proportion to their investments
- Platforms feature forums, chats, and feeds for sharing insights and strategies.
- Users can see statistics of potential traders, including returns and risk levels.
- Traders can select from various strategies, from conservative to aggressive, for a tailored experience.
- Many platforms offer materials and webinars to enhance trading skills.
In summary, social trading platforms provide a unique blend of trading and social networking, making it easier for individuals to participate in the financial markets, learn from others, and potentially enhance their trading performance.
Pros and Cons
| ✅Pros | ❌Cons |
| Learning Opportunities | Risk of Over-Reliance |
| Community Support | Market Risks |
| Time-Saving | Fees and Costs |
In Conclusion
Now it is your turn to participate:
- Which Social Trading broker from this list do you intend to test out?
- What was the determining factor in your decision to engage with a certain broker?
- Was it because of the Broker Features or the Pros and Cons?
Regardless, please share your thoughts in the comments below.
You Might Also Like:
- Forex Brokers with € 1 deposit
- Best Binary Trading Platforms
- Best Stock Brokers
- Best Forex Brokers for beginners
Frequently Asked Questions
Are there any inactivity fees on Tickmill?
Yes, Tickmill charges an inactivity fee of $10 per month if an account remains inactive for 12 consecutive months.
Does OctaFX provide Islamic (swap-free) accounts?
Yes, OctaFX offers swap-free Islamic accounts for traders who adhere to Sharia law, which means no overnight interest is charged.
Does HFM offer bonuses or promotions?
Yes, HFM offers bonuses and promotions, including welcome bonuses and loyalty programs.
Is FXCM beginner-friendly?
Yes, FXCM is considered beginner-friendly due to its low minimum deposit, educational resources, demo account, and easy-to-use platforms.
Does Pepperstone offer Islamic (swap-free) accounts?
Yes, Pepperstone offers Islamic (swap-free) accounts that comply with Sharia law, designed for traders who do not wish to earn or pay interest on overnight positions.
Does eToro support social trading?
Yes, eToro is well-known for its social trading features, allowing users to follow and interact with other traders, share insights, and participate in community discussions.
Can I trade on mobile with GO Markets?
Yes, GO Markets provides mobile trading applications for both iOS and Android, allowing traders to manage their accounts and execute trades on the go.
How does Alpari handle customer support?
Alpari provides customer support through multiple channels, including live chat, email, and phone support, ensuring that traders can get assistance when needed.
What types of accounts does FP Markets offer?
FP Markets provides various account types, including Standard Accounts and Raw ECN Accounts, allowing traders to choose the account that best suits their trading strategy and needs.
Does XM support automated trading?
Yes, XM supports automated trading through Expert Advisors (EAs) on the MetaTrader platforms, allowing traders to implement automated trading strategies.
What is social trading?
Social trading is a form of dealing that enables traders or investors to copy and execute the strategies of their peers or more experienced traders.
Is social trading a legal form of trading?
Yes, social trading is a fully legal and recognized form of automated trading
Can you make a profit from social trading?
Yes, with the right software and the best broker, you are likely to make a profit
Who are the best social trading platforms and brokers?
See our comprehensive list of the best social trading brokers directly on the Forex Suggest website.
