Imagine having a secret weapon in the stock market that can help you succeed and guide you to financial success.
Well, that secret weapon exists and it’s called Copy Trading.
With copy trading, you can sit back, relax and let the experts do the heavy lifting for you. You don’t need to spend a lot of time analyzing charts or trying to guess what the market will do. Just follow the example of successful traders and your investments will grow.
And the best part?
It’s now readily available in India, with a plethora of platforms to choose from. We have curated a list of the 9 best copy trading platforms for you, to make your decision-making process easier.
Get ready to join the copy trading revolution and experience the thrill of winning the stock market game with the help of the pro traders!
Established in 2006 and regarded as a pioneer in the field, AvaTrade is a prominent online trading broker. The business was among the first to provide retail traders with FX trading platforms.
With over 400,000 satisfied customers, AvaTrade has developed into one of the most well-liked trading platforms. The organization’s reputation for offering a secure and dependable trading experience is strong.
It offers a wide selection of trading instruments and an easy-to-use interface. AvaTrade keeps improving its platform and offering tools for learning to keep the confidence of its customers.
- Avatrade’s trading method complies with rigorous international standards.
- The organization is committed to providing a secure and safe environment for its dealers.
- Avatrade offers a comprehensive learning center as well as an unlimited practice environment.
- A proprietary WebTrader, MT4, MT5, and AvaOptions are all part of the platform.
- It offers significant spreads, effective risk management capabilities, and a diversified product portfolio.
- Negative balance protection and an investor compensation mechanism are in place at the corporation.
- It uses segregated bank accounts to protect traders’ funds.
- It does not charge any trading fees, but its inactivity penalties are significant.
The trading platform PrimeXBT, which uses Bitcoin, is made to accommodate both inexperienced and seasoned investors. Quick order execution and minimal latency are ensured by the platform’s infrastructure, which is designed to handle high-speed transactions and big volumes.
Additionally, the platform has a user-customizable interface that traders may modify to fit their own trading preferences. It also offers a vast selection of cutting-edge products and technologies that are meant to empower its consumers. Offering its clients professional trading conditions is something PrimeXBT takes great pleasure in.
- Users of PrimeXBT’s complete copy-trading module may locate and imitate the methods of profitable traders on the site.
- Users can improve their earnings by having access to more than 50 different trading products, such as cryptocurrencies, FX, commodities, and more.
- Because of the platform’s dependability and security, customers may easily increase their wealth over time.
- Crypto, FX, and CFDs are three of the asset possibilities that are accessible for copy trading.
- Starting just requires a 0.01 bitcoin minimum investment.
- Fees and commissions are incredibly cheap, with cryptocurrency transactions costing just 0.05% and FX, indices, and commodities costing 0%.
ZuluTrade is a copy trading platform that was founded in 2007. It lets users copy successful traders’ strategies. There are Traders, Combos, and Investment Baskets for multiple instruments like Cryptos, Stock CFDs, Forex, Commodities, and Indices.
The platform aims to make copy trading easy and quick, with a user-friendly interface, and educational resources such as market analysis, webinars, and more. Available in over 150 countries and supporting multiple languages, it continues to be a popular choice among traders.
- 24/5 customer support available to enhance your trading experience
- Ability to follow and copy top traders from various brokerages worldwide
- Clear and fair pricing structure that rewards traders for their success
- Regulated by multiple authorities in the EU, Japan, and USA
- Convenient portfolio management service and combination trading options
- Advanced tools for experienced traders who prefer manual trading
- Support for a wide range of currency pairs
- Earn 20% of profits generated for follower accounts and 5% goes to ZuluTrade
- Followers pay 20% of profits gained to the trader and 5% to ZuluTrade
eToro is a pioneering social investing network founded in 2007 with the purpose of changing the way people invest and improving their financial education. The platform provides a multi-asset investment experience that is based on social engagement and education.
It establishes a community in which users may interact, share knowledge, and learn from one another. The copy-trading option on eToro allows users to duplicate the methods of other successful traders on the platform.
The platform offers access to a number of markets, such as FX, equities, commodities, and cryptocurrencies. They also have instructional materials, such as market research, webinars, and more. This helps traders develop their abilities.
- Multi-Asset Platform with 0% commission on long, non-leveraged positions on stocks or ETFs
- Join a community of over 20 million users across 140 countries
- Social network-like News Feed for sharing ideas, insights, and strategies
- Invest in people-based portfolios with eToro Top Trader Smart Portfolios
- Transparent performance display including risk score, fail/success ratio, and more
- Regulated by multiple authorities including FCA, ASIC, CySec, GFSC, FinCen, and FINRA
- Deposits are held in a separate, segregated account for added security.
With a focus on FX trading, Xtrend is a reputable online trading platform. With the intention of making access to the financial markets simpler, the firm has been in operation since 2011.
Every day, Xtrend completes deals worth over $1 million, which attests to its reputation for offering a competent and superior trading experience.
The business aims to meet customer expectations. It does this by building solutions and offering multilingual customer support, real-time market quotes, and daily market analyses.
By providing a variety of trading instruments, reasonable spreads, and leverage, Xtrend seeks to give its clients a simple yet professional trading experience.
- Xtrend provides dedicated customer support, available 22/7 to assist traders
- The platform offers asset protection through insurance from South Africa’s largest insurance company, NNAC
- Xtrend is regulated by the FSCA, ensuring a secure trading environment
- Minimum deposit limit has been set to as low as 5$.
- The platform offers a variety of payment methods, including UPI, PayPal, Visa, Skill, Neteller, and Mastercard
- Xtrend serves traders from over 170 countries and offers multiple trading apps for convenience.
OCTAFX is a well-known online trading company specializing in forex trading. Since 2011, the firm has been working to make it easier for consumers to enter the market. The platform has done over 1 billion trades and shown the world that it provides good value and transparency. The firm is devoted to meeting and surpassing its clients’ expectations, which has helped them build a strong and loyal customer base.
OCTAFX provides a diverse choice of trading products, reasonable spreads and leverage, and an easy-to-use interface. The organization provides resources like research analysis and technical indicators for traders, that help reach their financial objectives.
- OCTAFX offers a demo account with a balance of $5,000 for traders to test their skills.
- New traders can benefit from a 50% deposit bonus on their first deposit.
- The company claims to have no hidden fees.
- Financial transactions on the platform are secured.
- OCTAFX offers leverage of up to 1:500 and allows a minimum deposit of $20.
- The platform offers access to over 230 trading assets, including digital assets.
- Educational resources such as market analysis, webinars, and more are provided to help traders develop their skills.
- The company has multilingual customer service, with support for Hindi and English in live chat.
- OCTAFX offers 4 different status programs – Bronze, Silver, Gold, and Platinum.
- Risk management tools such as economic calendar, stop loss, and more are available.
CopyFX is a copy trading platform developed by the RoboForex group that was launched in 2011. It allows traders to copy the strategies of other successful traders on the platform and to share their own trading experience for additional profit.
It offers a user-friendly interface and allows traders to follow multiple traders simultaneously. Traders can invest in other traders or create their own strategies and get money from the funds. It also allows for more accurate risk management and simplifies the trading process for users.
- Convenient format for copying trades on the Forex market
- Option to subscribe to multiple traders and choose successful traders to copy trades from based on their ratings
- Statistical data is available to thoroughly analyze each strategy and make informed decisions
- Flexible customization of parameters for copying trades from multiple traders’ accounts
- Wide variety of payment systems for depositing and withdrawing funds
- Trading is available on popular platforms such as MetaTrader 4 and MetaTrader 5, as well as in mobile applications.
- An investment system where investors get money for doing well or for doing things others pay to do, from 5% to 50% of the profit.
With the goal of building the most potent personal financial software, NAGA, a worldwide copy trading platform, was established in 2015. Users may follow numerous traders at once, and it offers an intuitive user interface.
It has over 1 million registered members and is popular among traders who want to duplicate trades. NAGA offers access to a variety of markets, including those for currency, equities, commodities, and cryptocurrencies.
NAGA is publicly listed and subject to regulation in several jurisdictions. To aid traders in honing their abilities and exchanging ideas, it also provides an integrated social network and educational tools.
- Average win ratio of NAGA’s 10 most profitable traders is 93.55%
- Follow and copy the trades of thousands of active traders who display their daily performance
- Automated trade opening and closing by lead traders with real-time notifications
- Publish your own content and become a “fin-fluencer”
- Over 1000 trading assets to choose from and build a diversified portfolio
- Multiple funding methods available
- Professional charts and indicators to aid in trading
- Top-tier security for safe and secure trading
- Control over what is shared on your public profile
- Access to data, insights, and education to aid in market trading
- A fixed fee of €0.99 per trade to copy a trader, with an additional 5% fee for profitable trades over €10.
Since 2011, FXTM, previously known as ForexTime, has been providing traders with online trading services on a reliable and well-respected basis. More than 4 million users from more than 150 countries have chosen FXTM as their favorite broker, demonstrating the platform’s rising popularity.
The business is present all over the world thanks to its network of offices in Europe, Africa, and Asia. It continues to draw hundreds of new traders every month due to its reputation for offering a safe and dependable trading environment.
FXTM offers a wide selection of trading products, aggressive spreads, and a user interface that’s easy to use. To aid traders in honing their abilities, the organization also offers a number of instructional materials including market analyses, webinars, and more.
- Get daily market updates and expert analysis from a team of analysts.
- Utilize its free trading tools, pip calculators, and economic calendars outlining high-impact events and explore its e-learning academy
- Spreads from zero, lightning-fast execution, and trade at the best available prices
- As a globally regulated and licensed broker, your funds are fully segregated and protected, meaning you can trade with total peace of mind
- Get started with as little as $100.
- With its demo account, you will be provided with an ideal and risk-free first step
- On two of our three trading account types (Micro and Advantage Plus), you won’t pay any commission fees at all
- Even its Advantage account offers extremely competitive commission rates, with an average of $0.40 to $2 per $100K notional value.
Our Top Picks
We’ve narrowed down the top 12 copy trading platforms in India to our top 3 picks. Let’s explore their pros and cons to help you make a smart choice for your trading journey.
- Offers extensive educational resources to enhance your skills
- Provides a diverse selection of tradable assets
- Adheres to strict regulations in multiple jurisdictions
- User-friendly mobile app with advanced features
- Integrates with leading trading platforms
- Includes hefty inactivity fees
- Desktop platform could benefit from further improvements
- Fees for forex trading may be on the higher side
- Access to a dedicated account manager for one-on-one help.
- Transparent and clear overview of each position
- Each job is described in a transparent and unambiguous manner, and there is access to a dedicated account manager for one-on-one help.
- There are also a range of resources and a user-friendly design.
- Easy-to-use UI that is intuitive
- Tax account statement’s generation capability
- The graph’s limited visible entry choices (eg stop-loss, targets, etc.)
- During times of vigorous market activity, the software may lag.
- Fees for leveraged goods and digital assets are exorbitant.
- Given the enormous number of inexperienced investors using social platforms, they might not be as dependable.
- Impressive and responsive customer support
- Intuitive and user-friendly trading platforms
- Speedy and efficient transactions
- Straightforward and smooth system navigation
- Competitive commission and fees compared to industry standards
- Wider spreads compared to other brokers
- Withdrawals may be delayed due to using third-party apps
- Deposits may take longer to reflect in the account
Avatrade stands up as the greatest option for traders after examining the top three copy trading platforms. Avatrade offers a safe and dependable trading environment thanks to its thorough teaching materials, a vast selection of assets, and strict regulatory compliance.
Also, it’s easy for traders to access and manage their positions with the help of leading trading platforms and a user-friendly mobile app.
Although it may levy inactivity fees and additional costs for Forex trading, the platform’s overall features and advantages exceed these limitations. In general, Avatrade is a fantastic option for anyone who wants to start copy trading.
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