Are you looking for the best Social Trading network? Or maybe you want to better understand What is Social Trading and how it works? There are many Social Trading sites out there, and the number continues to increase.
The broker eToro maybe has not been the first to delve into this new field, but for sure it has been the company that more than anyone has given shape, awareness and visibility to what we now know as Social Trading.
Today eToro, founded and still run by Yoni Assia, is a truly global investor community, where users have the opportunity to interact with each other as they would with a social network like Facebook. Thanks to news feeds, users can monitor and manually copy their favourite traders. Alternatively, the most interesting feature is surely the Copy Trading one, to copy them automatically in proportion, managing exposures and risk. A completely free and unlimited demo account.
Founded way back in by Leon Yohai, a well-known greek entrepreneur, ZuluTrade has always been at the forefront in this new sector, especially in Forex Social Trading. Recently it has also introduced the Binary Option Social Trading. Users have access to some social features to interact with Signal Providers, especially to read the comments left by other investors before them.
Where ZuluTrade however excels is in the Copy Trading function. You can search thousands of Signal Providers with a professional and advanced search tool, you can analyse in minute detail their strategy, and above all you can replicate their performance by totally customizing risk and money management. Not sure about it? Clarify your ideas with a free demo account. Simply put, the more the traders operate safely, with precaution, and limiting risk and drawdowns, the more Ayondo rewards them by increasing the value of their commissions.
It goes without saying that this system greatly stimulates the robustness of strategies and consequently the security of investors who decide to replicate them. A wide range of professional instruments to trade including interest rates and the ease of use of the platform make Ayondo a rising star in this sector. In terms of Social Trading defined as the possibility for users to interact directly with each other and with the community in constant growth , Tradeo has nothing to envy to the main and number one rival in the industry, eToro.
Tradeo is a forex broker with a highly developed and full of social aspects online trading platform, such as the ability to directly see on the chart the orders and the signals of other traders.
With the Tradeo trading platform you can thus operate personally, but in a social way, or activate the Copy Trading function on your favourite trader in order to replicate their performance automatically.
You can try everything with a very realistic and, above all, with no time limit demo account. One of the newcomers in the global landscape of Social Trading, but interesting from the outset. Then, the asset value increases due to earnings generated from the underlying strategy managed by the trader. The Darwins are continuously monitored by Darwinex itself, and the investor has access to sophisticated and automated risk control tools.
Very interesting for those who feel themselves more as investors than traders. SwipeStox proposes a Social Trading app model, in some ways innovative. Essentially it works like a trading ideas incubator. Users can scroll through the trades executed by other users of the network, and save them, if they like them, by swiping them to the right, or otherwise discard them by swiping them to the left, just like with Tinder.
Obviously, every trade can be copied with a simple click of the Copy button. Founded in Austin, Texas by Juan Mendoza, a professional successful investor, currently CEO and founder, PeepTrade is a platform made more for investors than for traders. The social aspect is very developed, you can interact and discuss with the users about a wide range of instruments. However, the platform at the time does not allow investors to perform or replicate automatically orders.
Lastly, Peeptrade has recently expanded the number of supported brokers, passing from one Interactive Brokers to over Click here to try PeepTrade.
Founded in , MyDigiTrade is a platform for copy trading created by independent traders. In terms of structure it is very similar to ZuluTrade. With MyDigiTrade, in fact, you can choose to open an account with one of the several supported brokers among the best in the world , and then connect it to the platform to take advantage of the Copy Trading service.
Or otherwise, if you already own a trading account with a partner broker, you can directly connect it in and start using the service. MyDigiTrade offers a good service for the performance analysis, and even the money management tools allow a good level of control, although at the moment the number of signal providers to copy from is only about , a low number, but growing over time. Click here to try MyDigiTrade. Interested in Social Trading only for Binary Options?
Then Copyop might be the right solution for you. Copyop is run by the same company that runs Anyoption, one of the world leader in Binary Options. If you already have an account with Anyoption you can automatically sign in to Copyop.
The purpose of this platform is to make binary options even more simple, allowing each participant to copy or be copied in fact every trader has to use a real account , or even just observe and be notified when a trader executes an order. Click here to try Copyop. One of the absolute pioneers of this world, even before ZuluTrade and eToro.
Tradency has launched the world of social trading, showing everybody how it was possible for users to automatically copy the strategies of other traders, without having to personally operate in the markets. Tradency, however, has chosen not to travel the road that saw other brokers, like eToro and ZuluTrade, becoming actual real Social Networks.
Tradency focused solely on what they call Mirror Trading and the related Mirror Trader platform. With the Mirror Trader users can access several automatic strategies based on algorithms generated by professional traders from around the world, and can decide, after assessing the performance, to replicate the signals into their own account. Click here to try the Mirror Trader. InvestinGoal is simply full of contents, strategies and tools to help you Social Trade like a real pro with all the Social Trading sites we mentioned above.
Do you like what we offer? Click here for the full list. Speaking about a new small reality like Peeptrade, with few traders at the moment, you might even find it by yourself.
For our experience, the process for working with Social Trading is basically different from common forex retail trading, for example. We always think about building a portfolio, in these case a People-Based portfolio, but the basics are the same: Here you can find them: In terms of how much to invest, it depends on which Social Trading network you chose, but in general terms, in our experience the less you invest the less options you have to diversify your portfolio.
This list is about to be updated, and most probably SwipeStox will be part of it because we really like it. Hi, can you please advise that which of the above social trading web sites that require their brokers we can use EA trading and let others to copy or copy others? You need a proper understanding or a superb broker to trade for you. Basically you can copy other traders with all these platforms, either manually or automatically or both.
Your email address will not be published. Top 10 best Social Trading Platforms and Networks 1. Click here to try eToro Read the full eToro Review 2. ZuluTrade Founded way back in by Leon Yohai, a well-known greek entrepreneur, ZuluTrade has always been at the forefront in this new sector, especially in Forex Social Trading.
Here are your ebooks. Right-click on the following links and save the PDFs. Invest with the best Social Trading Companies: Download our Social Trading eBooks! Amit on November 15, at 7: Who is providing best income in month Reply. Filippo on November 17, at 5: Filippo on January 3, at 8: Davinder Singh on January 3, at 4: Oscar on February 4, at Hello, there seems to be a new kid on the block. Swipestox, have you tried that one out yet? Filippo on February 6, at 8: HH on April 26, at 4: Filippo on May 2, at 3: I could not refrajn from commenting.
Juanita Lesly on August 19, at You need a proper understanding or a superb broker to trade for you Reply. Mark Taleon on November 23, at 7: Sehr informativer Artikel, danke! Patrick Driscoll on December 2, at Filippo on December 3, at 3: Submit a Comment Cancel reply Your email address will not be published. Top 10 Best Social Trading Networks review ultima modifica: Pin It on Pinterest.More...