BingX is a copy trading platform with over 1 million users within 100+ regions, BingX provides over 100 cryptos ranging from Bitcoin, Ethereum, Dogecoin, Safemoon to Solana, etc. Users can use a demo account for copy trading to reduce the risks. Using key indicators like trader’s Account Assets, Cumulative P&L, 30D Profit Rate, Max. Drawdown, etc, users can study the strategies while making profit. 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. Other traders help inform your own trading decisions and you can look at their results to help you generate your own profits.

No additional fees will apply for trading on Demo or Live accounts. Jika.io is a social platform for retail stock investors to share their insights and engage in portfolio-based conversations. It offers a range of tools for conducting due diligence as a group, tracking the portfolio performance and transactions of other users, and participating in stock discussions. The platform connects directly to users’ brokerage accounts, enabling real-time tracking of stock trades between members and adding an element of accountability to their posts. As it is still in its early stages, we welcome early adopters to join and shape the evolution of the platform.

For many consumers, investing can feel complicated and difficult–especially for beginners. However, there are ways to learn from successful traders and copy their trades. This can be done through social trading platforms that allow you to see what others are doing, and then make your own moves. A trading signal is an information about opening or closing trading positions on the signal provider’s account that triggers an action for all followers to copy them. Based on trading symbols, the Social Trading solution enables investors to join trading strategies and automatically buy or sell specified assets. The quality of the trading signals and the competence of the signal providers are crucial for all copy trading systems.

Best Crypto Software & Tools

Join our stock & crypto trading social network with over 1 million users. Copy other traders fully automatically with a free account and over 1,000 tradable assets. The monthly license fee for Automated Trading Systems on the platform range from $25 per month to $500 per month with discounts for annual purchases and for purchases across multiple systems. ISystems is mainly for automated trading algorithms and does not support social trading, but due to the limited choices available to U.S. based traders, iSystems has been included here.

• Meta Trader 5 is a powerful platform for Forex and Exchange markets.
• Select a trader that you want to copy, enter a amount, and click copy.
• Some trade currency pairs, others might prefer stocks, indices and/or precious metals.
• Fees from all clients are shared between the trader and his team.
• You can choose from various style options and add your brands logo.

Your funds are protected with industry-leading security protocols. Without your consent, we will never share your private information. Offering copy trading as a product can significantly increase a broker’s turnover as it offers new opportunities to everyone interested in the financial markets.

#1 Best social trading platforms

News feeds in social trading platforms offer access to real-time ideas that describe a strategy in detail. In addition to sharing research, social trading can also involve pooling funds to generate greater gains. Coinmatics, a fintech company that provides a service to copy deals for cryptocurrency traders, is called Fintech Company Coinmatics. The instrument allows experienced traders to increase their income through trade operations while novice traders can make a profit with minimal knowledge and skills. Our advanced copy trading platform allows you to execute profitable strategies and achieve successful crypto trading results on autopilot.

Some communities are active and share trading ideas, discuss financial markets, and offer limited educational content. Others focus more on copy trading without much interaction between traders and followers. Bingbon is a FinTech firm that aims to make crypto markets accessible and accessible to everyone. It also enables all investors from all walks of the life to invest in a simple, transparent manner.

Find and compare the best Social Trading platforms in 2023

Use the comparison tool below to compare the top Social Trading platforms on the market. You can filter results by user reviews, pricing, features, platform, region, support options, integrations, and more. No, currently the platform works only with MetaTrader 4/5 servers and doesn’t support other platforms and has no integrations with crypto-exchanges. We have a plan in our long-term roadmap to integrate the platform with B2Margin and DxTrade. Yes, platform is connected to a MetaTrader server via MT manager’s API and requires no admin rights. MainLabel owners allow our clients use the platform as it is safe and secure and not requires installation of plug-ins.

If the average return is 20% and the standard deviation of the returns is 50%, the Sharpe ratio is 0.4. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. Discover why so many clients choose us, and what makes us a world-leading provider of CFDs. Discover the range of markets and learn how they work – with IG Academy’s online course. Get access to a range of MT4 apps and indicators, including sentiment trader, with IG.

Trade CFDs on Stocks, Crypto & More

Since then, retail traders have begun to use it for an ever-growing number of trades across asset classes, as anyone can participate with little-to-no previous experience of trading. So, social trading shares, commodities and indices has also become popular. Like many of the other social trading platforms, you need to work through a supported broker. With this unique app, you can look at trades and traders and swipe left or right to indicate what you like–sort of like Tinder. Brokeree’s Social Trading helps multi-asset brokers increase trading volumes, attract new clients or convert and stimulate existing leads by introducing a trading signals copying system.

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

You’re also looking for social trading brokers that offer the best trading conditions, including the lowest fee structure or spread. There is also a real customer service culture, with questions and problems being addressed very quickly. Regulation is exceedingly important in this era, with a level of trust and protection that comes from that. Social trading is generally performed on social trading platforms. Investors can trade within a community and replicate the style of expert traders.

Top 5 social trading platforms in the United States in 2023

Most social trading networks provide tools to select traders based on their win rate, maximum drawdown, pips earned and their return on investment . ZuluTrade has over 10,000 traders to choose from and provides software so you can narrow down the best trader for your needs. Many of ZuluTrade’s signal providers trade in demo accounts or have limited trading experience. The best way to evaluate the firm’s platform is through its demo account, which is offered free of charge and available to U.S. residents. Our online trading platform​​, Next Generation, comes equipped with a news and insights​​ section for further analysis of the financial markets.

Successful traders can continue trading on their usual account but at the end of the week or month, get paid for their success. Those who don’t want to trade, or are unable to make a profit on their own can copy the positions of professional traders. You can join FX Junction for free, allowing you to see the forex trading signals of others, and socialtrader tools automatically copy them from your own trading account. In order to use FX Junction, you need to already have a registered brokerage account that uses MetaTrader4 or MetaTrader5 platforms. Once that’s done, you can choose which signals from professionals you want to copy. EToro is one of the most well-known social trading platforms in the world.

Cryptohopper

Social trading platforms are usually provided by retail brokers. Leaders recommend trades – they must show a track record and describe their trading techniques. Some social trading networks have millions of followers and provide many social trading tools. Some social trading platforms provide a risk score, along with leader track records.

ZuluTrade is free to join, as you just need to pay the spread on trades. The eToro is one of the best social and copy trading systems ideal for beginner users who prefer to stick to more simple usability. At Opofinance, we are always looking for new and innovative ways to make your trading experience better. We believe that our passion for innovation is what sets us apart.

​ of the returns is 10%, then one will have a Sharpe ratio of 2. The maximum drawdown offers information about the peak-to-trough drop. One should understand that if a leader has a maximum drawdown of 30%, a trader copying this person’s trades could lose 30% from peak-to-trough. https://xcritical.com/ One of the most common ways to identify trends and the inclinations of other traders is to use market sentiment. Market sentiment is essentially a representation of the mood of financial market participants, but it can give you insights into what is being traded and when.

It means you pay just 500$ more to your minimum monthly payments for each additionally connected server. A license is issued for one company brand on one MT4/5 server. If you are MetaTrader server main label owner and you want to buy several licenses for your whitelabels – contact us for volume discounts. There is a table in settings where you can specify in which group the account type that should be opened by default. Risk control is what makes the difference between active and passive investments.

A tixee, we provide industry leading products and services to clients all over the world. We help to create investment opportunities across a broad range of international markets, so you can trade in a way that’s comfortable for you. As noted, some of the instruments traded on social trading platforms, especially contracts for differences , aren’t available in the United States. Additionally, some social trading platforms don’t have the proper licenses to operate in the U.S. However, social trading isn’t widely accepted in the United States, and you might not have the same access as non-U.S. Even if you cant execute trades, though, you can still participate in the community and try some of the trading strategies on your own.