Social trading or copy trading is a kind of crypto trading that allows less experienced traders to copy the trades of more experienced traders. This will enable them to profit if the people they copy also profit from a trade. However, if the people they’re following lose on a trade, they also lose. If the goal is to learn crypto trading while making some profit, social trading may be an excellent option to consider.

best social trading platform

It can be best to let someone else do this and copy their positions without thinking much of it. It’s possible to make money without too much effort on your part. That is, if you take the time to make an informed decision on who to copy.

Where to Social Stock trading?

Some of the professional investors will even allow you to peep their trades on a trial basis before you start paying for regular access. Its possible to follow trading signals for a number of assets, but trading options are limited for U.S. residents. Because dotbig contacts SwipeStox is compatible with FXCM, you might be able to get in there, but if you do, you’ll face restrictions, similar to the types of restrictions you’d see with ZuluTrade. So, by using the service of your copy trader, you will gain or lose proportionately.

  • Our advanced copy trading platform allows you to execute profitable strategies and achieve successful crypto trading results on autopilot.
  • Wide range of trading platforms and trading tools available.
  • For example, you might be copying a forex day trader but at the same time – decide to invest in some blue chips.
  • Most social trading networks provide tools to select traders based on their win rate, maximum drawdown, pips earned and their return on investment .
  • User privacy is protected by confidentiality technology and unbiased zero-knowledge proof privacy.

It would be best if you never went with a platform where the minimum deposit is more than the money you would be willing to lose. If you’re looking to start trading, you need to find a platform where the deposit amount is within your means. Follow the strategies of the review best traders on your platform and earn the same profits they do. Depending on where the trading platform is listed, it will be governed by different regulatory bodies. If the platform is in Europe, it will be overseen by the Cyprus Securities and Exchange Commission .

Masterworks Review

Although not every platform has its own mobile app, most do. This is useful because you don’t always want to be shackled to your desktop,-73.9829762,17z/data=!3m2!4b1!5s0x89c258f8c38c4c23:0xc32912fcf98007a4!4m5!3m4!1s0x89c259ab72d92cbb:0xb9a8c9f367eac2dd!8m2!3d40.7572352!4d-73.9829762 waiting for the ideal time to initiate a trade. Reading through this article is only the first step, but it’s an important one.

best social trading platform

Regulations will also determine what you’re allowed to trade and whether your funds are kept in segregated accounts. It may seem like a good idea, trading on leveraged capital could make huge returns, but it could also put you in a massive financial hole. If you lose on the trade, you could end up losing more than you put up.

Latest Trading News

For a monthly subscription price of $299, you can sign up for its Portfolio Plus plan that offers unlimited strategies. The individual trade leader or system manager generally sets the fee for their particular strategy, which costs anywhere from $20 to $200 or more per month per strategy. Before allowing you to access the platform, you must select an AutoTrade plan, which is priced according to the number and types of strategies to be copied. A subscription to C2’s base solo plan costs $49 per month for just one trading strategy. It may take some time, but once the right trader or group of traders has been found, copy traders who operate in live accounts could make some or even a lot of money with very little effort. One of the original social trading networks, eToro has gradually rolled out its services in the United States since late 2018. While Social Trading Brokers unites traders and creates the community, in reverse allowing opportunities to trade, copy or compare trading strategy.

It is, however, essential to select a strategy that suits your trading needs and preferences at any given time. AvaTrade offers a range of solutions, including a social trading app and copy trading platforms. It is vital to select the most comfortable one that meets your trading needs and preferences. Another major criterion on which social trading platforms differ greatly is the amount of information they give dotbig review about each trader, including of course yourself, once you sign up. Even though the whole raison d’etre of social trading platforms is to make trading information available to others, some share more data than others, or in more transparent ways. A typical social trading platform consists of software that allows a network of traders to see what other traders in the network are doing in the market in real time.

Portfolio optimization, correlation analysis, a trading bot for rebalancing strategies, backtest a trading strategy, social portfolios are all tools for an effective crypto portfolio. Holderlab analyzes from 5,000 to 50,000 portfolios in search of an optimal cryptocurrency portfolio. You can find the optimal weights of your cryptocurrency portfolio with an efficient frontier tool. You can choose a calendar rebalancing setting time period, or rebalancing by deviation by selecting threshold rebalancing , or use they together! Holderlab have one of the most largest Bitcoin cryptocurrency base for crypto trading. Holderlab save more than 336 hours on manual rebalancing of assets annually.


The fundamental characteristic of social trading platforms is that they enable you to benefit from the know-how of others trading with the same platform. It stands to reason that the more other users there are, the more know-how there is to go around. EToro’s CopyTrader allows you to copy the trades of up to 100 top performers and simultaneously learn why they’re taking their trades.

ZuluTrade is free to join, as you just need to pay the spread on trades. Ponvang holds a BSC in Zoology and an MSC in Conservation Biology, but is a technology enthusiast with particular interest in blockchain and crypto. He is also a copywriter in the space, and has been creating content for over 4 years now, working with clients across the globe as a freelancer. He recently dabbled into finance too, and likes traveling and birdwatching.

You must understand every aspect of online trading before you put your money on the line. As long as the trades you copy are profitable, you will make money. You can either copy the entire trade or only a portion of it.