The most important Social Trading challengers
The most important Social Trading challengers:
SIGNAL TRADER: Signal trader has a very easy user interface to see trader’s returns. They work with a large amount of instruments and are very specialized in trader mirroring. As other social trading platforms, they have free demo accounts.
COPYOP: CopyOp is one of the newest social trading platforms. They have bet by a very user friendly interface and only allow manual traders, so you can’t copy robots. It is a good choice for mini accounts and novice traders who want to learn and enjoy social trading.
DARWINEX: Darwinex is a new concept of social trading. You do not copy traders directly as many social networks do, instead you can buy DARWINEX and follow them indirectly. They have great risk control tools and are growing rapidly.
TRADENCY: Tradency Mirror Trader is a financial company where you can copy traders from around the globe but has a very weak social network. It’s hard to see other trader’s opinions or feedback but this is largely compensated by their more than 10 years of experience.
COLLECTIVE2: Collective2 is a technology provider who sells their platform to brokers who can white label it. It is also possible to go directly and copy traders but you have to pay a monthly fee to do so. Each trader decides how much you have to pay to copy its signals, so it can be a very expensive solution for small accounts.
FXSTAT: Fxstat has more than 150 analytical tools to analyze trader’s performance. You can do some useful filters to find traders and create your own portfolio while you can still analyze your own trading strategies.
MYDIGITRADE: MyDigiTrade is a platform of trading strategies making an independent audit of traders’ deals from all over the world, revealing the best of them and giving the possibility to mirror their trades automatically on your account. Created by some independent traders, it has some interesting traders to copy and their user interface is very minimalist.
SIGNAL START: Signal Start is a service which works perfectly with myfxbook. To follow a trader you have to pay a monthly fee, but if you do your account soon you will only need to pay once. On the other hand, all trader’s history are available and they bet hard for full transparency.
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If you want to experience the platform without risk and for free open a Demo Account. A Demo Account allows you to invest with $100,000 of paper money with no minimum deposit or fee. You also get to be a part of largest network of investors in the world.
If you need more information do not hesitate to contact us, it will be a pleasure to assist you.
Remember that you have all the information about copy trading in our sections:
- Social Trading Platforms: Information of each of the platforms of copy trading. Go to Platforms
- Guides: The best guides on copy trading. Go to Guides
- Reviews: Best reviews on copy trading platforms. Go to Reviews
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Currency trading with leverage implies an important risk for the investor and there is always the possibility of losses. These instruments carry a high risk if they are not managed properly and a profit can quickly become loss as a result of price changes. Due to the risk factor inherent to this type of trade, only funds intended for risk investments should be used. If you do not have extra capital you may be willing to lose, you should not trade in the forex market. It has never been proven that there is any system or portfolio of systems that is completely safe and no one can insure future profits or losses. Before you start trading in the forex market you should think carefully about your goals as an investor, your level as an investor and your risk aversion to determine if this is the type of investment you want to make. If you are in doubt you should seek advice from a professional financial advisor to advise you about the investment.
