World’s Best Social Trading Platforms 2019

world's best social trading platforms 2019

World’s Best Social Trading Platforms 2019

From the lesson Social Trading, hope you get a good knowledge of how Social Trading Works. Now it's time to start trading Forex using the Social Trading knowledge you have. As an individual trader, your first step is to select a suitable Social Trading Platform.

If you look around the world, there are several Social Trading platforms. They are famous among online traders due to various features.  Without proper guidance, it is difficult to select the best platform. This article brings up a complete review of the world’s best Social Trading Platforms.

Among all Social Trading Platforms, here you can compare ten best platforms about their features and offerings.

While reading this article you might see advanced information about Social Trading Platforms. With a good knowledge on social trading, you would have understood the content far better. If you think you may face difficulties in understanding platforms article, refer INTRODUCTION TO SOCIAL TRADING

1.eToro

etoro logo

"eToro", the world's most famous Social Trading Network founded by two brothers Yoni Assia and Ronen Assia. They were in cooperation with David Ring. In early 2006 it was first named as “RetailFX”. In 2010, the name eToro was published with the eToro’s most famous function “Copy Trading”

Minimum Investment -

  • $200
  • For residents of Australia and USA, minimum first time deposit $50
  • For residents of China, Hong Kong, Taiwan and Macau, minimum first-time deposit $500

Leverage -

  • 1:400

Financial Instruments you can trade -

  • Stocks
  •  FX
  • ETFs
  • Bonds
  • Funds
  • Commodities
  • Cryptocurrency

Trading Platforms -

  • eToro Webtrader
  • eToro OpenBook

In 2015 both WebTrader and OpenBook  merged to create a new platform

  • Mobile Trader

Contact Information -

+61 2 8016 9335

Open an eToro account for free

Open an eToro Real Account for Free

Open an eToro Demo Account for free

2.Zulu Trade

Zulu Trade logo

Zulu Trade says that they are the most important copy trading website in the world. It offers Thousands and thousands of traders to copy their strategies. Zulu Trade provides both Demo and Real accounts for free.

Minimum Investment -

  • With AAAFx Broker - $300, Euro250
  • Recommended deposit by Zulu Trade Euro 2000

Leverage -

  • Depend on the Broker

Financial instruments you can trade -

  •  FX
  • CFDs
  • Cryptocurrency

Trading Platforms -

  • MT4
  • Ctrader

Contact Information -

  • United Kingdom, London - +44-20-33558805
  • Deutschland, Frankfurt - +49-69-2551-14435
  • Russia, Moscow - +7-499-9187378
  • Spain, Madrid - +34-911-877655
  • Greece, Athens - +30-213-0176-397
  • United States, New York - +1-917-6282237
  • Mexico, Mexico City - +52-55-41708137
  • Colombia, Cali - +57-2-8912645
  • Japan, Tokyo - +81-3-45888774
  • China, Beijing - +86-10-84181720
  • Australia, Melbourne - +61-39-0084202
  • Central Support Hotline - +30-213-0176-399 (International charges might occur)
  • support@zulutrade.com

3.Naga Trader

Naga Trader logo

Naga Trader was originally founded as “SwipeStox”. In 2015, there was a rebranding plan by the management team. According to the management plan, it became “Naga Trader”. As a major Fintech company, they offer social trading and copy trading. Other than that they offer the best market tools around the world.

Minimum Investment -

For Live Accounts, minimum investment starts from $1 or Euro1 up to $10000 or Euro 10000.

To deposit to your trading account, Naga Trader provides various options.

  • Credit Card - VISA & Mastercard
  • E-Wallet - Giropay, Skrill, Neteller, Paysafecard, and Klarna
  • Bank Transfer - In EUR/USD or CZK
  • Cryptocurrencies - Bitcoin, Ethereum, Dash, Litecoin, Bitcoin Cash or NAGA Coin

Leverage -

  • Default leverage 1:50 up to 1:200

Financial instruments you can trade -

more than 800 assets available

  • Forex
  • Cryptocurrencies
  • Indices
  • Stocks CFDs(681 assets)
  • Commodities
  • Futures
  • ETFs
  • Gaming(Virtual Items)

 Read all about assets you can trade in NAGA Trader

Trading Platforms -

  • Naga Trader
  • MT4

Contact Information -

  • South Africa - +27 10 500 2220
  • Mexico - +52 55 5164 0455
  • Malaysia - +60 1 800 81 9205
  • Indonesia - +62 21 50861528
  • New Zealand - +64 9 801 0303
  • Vietnam - +84 24 4458 2131
  • India - +91 80004 02645
  • Peru - +51 1 7083730
  • Global Support - +44 20 3318 4345 / +44 33 0808 8867

Create NAGA Account for free

4.Tradeo

Tradeo logo

Tradeo is a powerfully simple online trading platform. It was founded by Yonatan Adest in 2011 and launched in April 2012. Tradeo offers its traders many new features. Some are, facilities to analyse other traders trades, follow them and copy them automatically.  In the early stages, Tradeo supported with MT4 and many broker companies worked with them. In 2014, they launched their new platform and advanced as an individual brokerage company as well.

Minimum Investment -

  • To start trading - 250 EURO/USD/GBP
  • Particular Tradeo customers - $100

Leverage -

  • 1:100 / 1:200

 

Financial instruments you can trade -

200+ assets

  • Currencies
  • Commodities
  • Stocks
  • Indices
  • Cryptocurrencies

Trading Platforms -

  • MT4
  • Own trading Platform

Contact Information -

  • +357-25262292
  • support@tradeo.com

5.Darwinex

Darwinex logo

Darwinex, initially named as TradeSlide is an online social trading platform. It was founded in 2012 by Juan and Javier Colón Bolea and Miguel Ángel Gonzalez. Darwinex has a special tool that analyses a trader's strategy. It analyses and rates the strategy according to parameters like risk, scale and performance.

Minimum Investment -

  • Personal accounts - 500USD 500GBP 500Euro
  • Cooperate accounts - 10000USD 10000GBP 10000Euro

Leverage -

  • 1:200

Financial instruments you can trade -

300+ assets

  • FX
  • CFDs on Indices
  • Shares
  • Commodities
  • Cryptocurrencies

Trading Platforms -

  • MT4
  • MT5

Contact Information -

  • +44 20 3769 1554

6.Ayondo

Ayondo logo transparent

Ayondo is a Fintech company found in 2008 by Thomas Winkler and Robert Lempka. In its early stages, Ayondo worked as a Financial Broker for markets. Ayondo offers social Trading by allowing its users to replicate expert traders. Users also receive advantages from operators with professional knowledge. In 2013, Ayondo was listed among world’s top 50 Fintech companies the “Fintech 50”.

Minimum Investment -

  • In Social Trading - Euro 2000

Deposits can be done by using all Credit and Debit cards free of charge. Cards outside the EEA(Europian Economic Area) charges one time 1.75% fee.

Leverage -

  • 1:200

Financial instruments you can trade -

  • CFD
  • Forex
  • Stocks
  • Indices
  • Cryptocurrencies
  • Commodities

Trading Platforms -

  • For Social Trading - Web Trade - available both as a web app and a mobile app
  • For Individual Traders - TradeHub - available both as a web app and a mobile app

Contact Information -

  • +44(0) 20 3330 0865
  • support@ayondo.com

7.Collective 2

collective2 logo

Collective2 is a privately held company based in New York. It was founded by Matthew Klein in 2001 as a company provides algorithmic trading systems. According to Collective2, they are building a software platform that replaces the entire hedge-fund industry. They allow users to follow Trade Leaders and automatically copy their strategies. Collective2 tracks every strategy of the traders. If you are successful, they will available your strategy for the world. When others follow your strategy you will automatically get paid.

Minimum Investment -

  • Depends on broker
  • Strategy fees  - from $20 to $ 200 per month
  • Auto trade fees - $49 per month

Investment Package plans in Collective2

Leverage -

  • Depends on Broker

Collective2 calculates the maximum leverage used by any Strategy and display as a maximum daily average.

  Financial instruments you can trade -

  • Stocks
  • Options
  • Futures
  • Forex
  • CryptoCurrency

Trading Platforms -

  • C2WebTrader
  • MT4
  • MT5
  • Ninja Trader
  • Trade Station

Contact Information -

  • (914) 610-3979

8.Fx Junction

fx junction logo

Fx Junction is an open network social Trading Platform founded in 2011. It targets all Meta Trader traders. Any trader can freely link the existing Meta Trader account to Fx Junction. Their mission is to create an open Social Trading Network. In this network, traders can share knowledge and make successful decisions in Forex.

Fx Junctions latest feature Auto Copy allows traders to replicate trades instantly. Also, traders can use real-time tracking of open positions. It will offer stop losses and take profits automatically apply.

Minimum Investment -

  • Depends on the Broker

Leverage -

  • Depend on the Broker

Financial Instruments you can trade -

  • Any instrument allows by the Broker

Trading Platforms -

  • MT4
  • MT5

9.Myfxbook Autotrade

myfxbook autotrade log

Myfxbook Autotrade was found in 2011. This platform offers many services including analysing and auditing trading systems all around the world. If you are going to follow a trader or an automated system, you can audit the account by Myfxbook Autotrade before investing money. Traders can track all their tradings using this site easily.

Myfxbook offers “trade mirroring” service for the traders. It also offers Automated trading under Auto trade. You can copy any trader or a system easily using Auto trade.

 

Minimum Investment -

  • $1000

Leverage -

  • Depends on the Broker

Financial Instruments you can trade -

  • Depends on the Broker

Trading Platforms -

  • Autotrade Web platform and mobile platform
  • MT4
  • MT5

10.Trade360

Trade360 logo

Trade360 is an innovative social trading company owned by ST Services Ltd. They provide a service call Crowd trading. Crowd trading based on an algorithm depends on the overall financial market. It is different from copy trading or mirror trading. In Crowd trading, they show the majority of traders as the crowd. Indicators show what crowd make out of the market. Followers can take an overall idea of the market by the crowd. We never recommend you to trust crowd indicators because of no one guarantee about indicators.

Minimum Investment -

  • Mini - $500
  • Standard360 - $1000
  • Gold - $5000
  • Platinum - $10000
  • VIP - $50000
  • Islamic360 - $10000

Leverage -

  • Currency - 1:400
  • Commodities - 1:200
  • Stocks - 1:20

Financial Instruments you can trade -

  • Currencies
  • Commodities
  • Stocks
  • Indices
  • ETFS

Trading Platforms -

  • MT4
  • Web platform
  • Mobile platform

Contact Information -

  • +357-25-030-622

Official Whatsapp - +44 770 0304 093

Introduction to Social Trading

Social Trading and you

Social Trading And You

Social Trading offers you safer trading experience with a minimum risk. It will take Forex and all other online trading methods to a whole new era in the near future. This lesson is for all forex beginners for a stable foundation about Social Trading.   

From the 3.8 billion internet users all over the world, 9.6 million do online trading. These traders do trading using many different types of financial instruments via various trading platforms. Banks, financial institutes and Forex brokers work 24/5 to handle these transactions and continue five days a week Forex trade routine. As an individual Forex trader, you always have to take risks with your decisions and the money you invest in.

People everywhere need a proper way of earning money with minimum risks. From the constantly increasing 7.7 billion world’s population, you are just a single entity. You may have a daily routine, carrier life or full of life dreams to achieve. Therefore, have you ever stopped thinking of finding a safer way to earn money to follow your simplest dreams?

What is Social Trading?

Here we have the safest solution for all who want to earn money through online trading. Social Trading or Copy Trading is a concept which allows traders to copy successful strategies of successful traders. After copying, you can apply them and earn money only using a set of simple commands. Back in 2006, worlds’ first social trading platform “eToro” was founded as RetailFX. In this stage, even the founders might not have thought about today’s situation. Today, not only eToro but many other social trading platforms are in the trade. They provide millions of traders safer opportunities to earn money through online trading.

Think about yourself with a little money in your pocket. You can invest in Forex as a retail trader. Once you did, you must bear all the risks according to the asset you choose to trade. Maybe you do not have time to watch the news and financial and market updates. Without a proper Forex signal source, you will lose all your money/investment just by taking wrong decisions in wrong situations. For this, the uses of copy trading will guarantee profits without any risks. This is a good example of how Copy Trading helps individual traders for their success.

Features of Copy Trading

In Social Trading platforms, as common factors, you can read about professional traders strategies, behaviour and follow them. In advance, you can allow your trading account to copy pro traders strategies and apply automatically. When the pro trader you followed, achieve a profit, you are also be profited. But if his strategy does not enough to win, you must bear the loss. The reason is you are the one who selects your pro trader to follow. In Social Trading platforms, you can share your trading strategies with other traders. Furthermore, you can share them either free of charge or under a commission defined by the platform. For a better income in Social Trading, you do not want to be that much professional. You only need to be talented in making decisions and share them with your followers.

Up to now, you have learned about Copy Trading, its features and the benefits. Let’s look at the dark side of copy trading. Think about copying and applying a strategy of another trader. The situation of the relevant market will not be the same when compared to the time of the pro trader’s application. Results may drive towards a huge loss. Maybe there is a small time lag between the pro traders trade open time and yours causing you losses in your trade. These disadvantages made Copy Trading a little riskier while researching a method of risk-free Forex Trading.

The first step to Trading

Now you know the basics and features of Copy Trading as well as the risks. Let’s take a look into the social Trading platforms available for traders around the world. From hundreds of Social Trading platforms, below list shows 12 most popular and accessible platforms for your convenience. You can individually review every platform and make your decision in starting trading.

World Most Popular Social Trading Platforms

  1. eToro 
  2. Zulu Trade
  3. Naga Trader
  4. Tradeo
  5. Darwinex
  6. Ayondo
  7. Collective 2
  8. MyFXbook AutoTrade
  9. Trade 360
  10. Tradency Mirror Trader
  11. FX Junction
  12. MyDigiTRade

If you want to read more about the world’s most popular platforms, please refer World’s Best Social Trading Platforms 2019

All above-mentioned platforms allow you to copy other professional traders but there you face a few limitations and risks. You yourself must take the responsibility of opening and the trade. To avoid these factors, algorithmic trading/ automated trading is the solution brought by professionals in the field of financial technology.

Algorithmic Trading / Automated Trading

To avoid the above-discussed disadvantages and create a trading portfolio that allows you to trade in a risk-free environment, people started to do research on binding computer technology and financial markets together. From the early stages in 1930 to 1990s, many professionals in the financial sector created computer programmes and algorithms. They worked a thousand times faster than the human brain to do calculations and predictions. Even they could automatically open and close trades in Financial Markets. These Computer programmes, algorithms were developed and tested by various investors in various situations. In today’s world, they have created a whole new section in investments called “Algorithmic (Automated) trading”

Algorithmic Trading/Automated trading can be explained as follows. It allows you to give all the decision making and prediction part of a trade to a computer program and wait until achieving profits. These computer programmes/algorithms are created by evaluating many successful trading strategies and they are constantly tested using many parameters. There are no human-related errors inside these programmes. So that the computer programs/algorithms are in the very high potential of offering profits. In the past few years, development of the above-mentioned computer programmes reached an era of creating “bots”. The sole purpose was to earn money through online trading with zero risks in 100% profit gaining situations.   

One of the worlds’ most famous Automated trading portfolios is CopyFunds by eToro. As a retail investor, the initial investment in Automated trading portfolios is comparatively higher than other trading methods. In the past, both retail and institutional traders used algorithmic trading. Today, most of the huge financial institutes use this facility in trading very large amounts. 

Conclusion

After reading this brief explanation, hope you have learned well about Social Trading/ Copy Trading and Algorithmic trading. Purpose of this lesson is to create a stable foundation about Social Trading, a safer way of trading for all of us. Stay with us to learn more about Forex, Investments and online money earning. We will be back to you soon.