ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Best Copy Trading Platforms of 2024

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck
Reviewed by Blain Reinkensmeyer

September 06, 2024

ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.

Forex copy trading — also known as social trading, mirror trading, or auto trading — has been growing in adoption and general popularity for over a decade. Industry information, financial news, and market analysis now all propagate at lightning speed – thanks in part to social media and an increasingly faster web experience.

These factors, together with the power of the crowd and advanced sentiment data, help to power social copy trading platforms, and the popularity of these platforms has soared as investors generate trading signals and enter the market with new positions that people want to copy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


Company Average Spread EUR/USD - Standard Minimum Deposit Overall Rating Visit Site
eToro logoeToro
1 info $50-$10,000 4.5/5 Stars
AvaTrade logoAvaTrade
0.93 info $100 4.5/5 Stars
Pepperstone logoPepperstone
1.10 info $0 4.5/5 Stars
Vantage logoVantage
1.30 info $50 4/5 Stars
FXCM logoFXCM
0.78 info Starts from $50 4.5/5 Stars
Tickmill logoTickmill
0.51 info $100 4.5/5 Stars
IC Markets logoIC Markets
0.62 info $200 4.5/5 Stars

Best Forex Brokers for Social Copy Trading

Here are the best forex brokers for copy trading, based on our testing of 39 brokers across 113 variables.

  • eToro - Best overall platform for copy trading
  • AvaTrade
    - MetaTrader suite, ZuluTrade and DupliTrade
  • Pepperstone
    - MetaTrader, DupliTrade, and Myfxbook
  • Vantage
    - MetaTrader, ZuluTrade, DupliTrade, and Myfxbook
  • FXCM - MetaTrader, ZuluTrade, and supports algorithmic trading
  • Tickmill
    - MetaTrader, Pelican Trading, Myfxbook, and ZuluTrade
  • IC Markets
    - Myfxbook, ZuluTrade, IC Social app
eToro
4.5/5 Stars 4.5 Overall

Best overall platform for copy trading

Minimum Deposit$50-$10,000
Trust Score90
Tradeable Symbols (Total)3479

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies. eToro expertly merges self-directed trading and copy trading under a unified trading experience. Read full review

Pros
  • Large number of investors to copy
  • Extensive range of markets to trade
  • User-friendly platforms and app
Cons
  • No automated trading strategies
  • Stops, limits mandatory on trades
  • Research trails competitors
AvaTrade
4.5/5 Stars 4.5 Overall

MetaTrader suite, ZuluTrade and DupliTrade

Minimum Deposit$100
Trust Score94
Tradeable Symbols (Total)1260

AvaTrade is a trusted global brand that offers an impressive selection of trading platforms, exceptional educational content, and average pricing and research. Our testing found AvaTrade to be great for copy trading, with AvaSocial, ZuluTrade, and DupliTrade available. Read full review

Pros
  • AvaOptions app is an excellent forex options mobile trading platform
  • Offers 44 forex options and over 1,200 CFDs
Cons
  • Pricing for retail accounts is average, but trails industry leaders
  • Desktop platform is slow to load, has outdated design
Pepperstone
4.5/5 Stars 4.5 Overall

MetaTrader, DupliTrade, and Myfxbook

Minimum Deposit$0
Trust Score95
Tradeable Symbols (Total)1726

Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms. It offers both MetaTrader and cTrader, and its wide range of available third-party tools and plugins enhances its already-impressive suite of available platforms. Read full review

Pros
  • Large selection of third-party copy trading platforms
  • Competitive pricing for active traders using Razor accounts
Cons
  • Selection of markets trails industry leaders
  • No interactive courses, progress tracking or educational quizzes
Vantage
4/5 Stars 4.0 Overall

MetaTrader, ZuluTrade, DupliTrade, and Myfxbook

Minimum Deposit$50
Trust Score90
Tradeable Symbols (Total)1000

Vantage’s copy trading platform trio includes ZuluTrade, DupliTrade, and Myfxbook’s AutoTrade. While Vantage trails industry leaders in areas such as research and education, its MetaTrader offering is bolstered by content powered by Trading Central and a proprietary mobile app. Read full review

Pros
  • Ranks among best MetaTrader brokers
  • Multiple copy trading platforms
Cons
  • Trails industry leaders in apps and research
  • Education falls short
FXCM
4.5/5 Stars 4.5 Overall

MetaTrader, ZuluTrade, and supports algorithmic trading

Minimum DepositStarts from $50
Trust Score95
Tradeable Symbols (Total)440

FXCM is a good choice for copy trading with its support for ZuluTrade, and a great choice for traders who appreciate advanced trading tools and quality research – though its range of markets remains fairly narrow, and pricing at FXCM is just average. Read full review

Pros
  • Excellent platforms and tools
  • High-quality market research
Cons
  • Pricing is slightly higher than industry average
  • Narrow range of tradeable markets
Tickmill
4.5/5 Stars 4.5 Overall

MetaTrader, Pelican Trading, Myfxbook, and ZuluTrade

Minimum Deposit$100
Trust Score86
Tradeable Symbols (Total)725

Tickmill is most valuable to high-volume, high-balance traders who want to trade only the most popular forex and CFD instruments. Tickmill does offer a variety of copy trading platforms, with support for Pelican Trading, ZuluTrade, and Myfxbook’s AutoTrade feature. Read full review

Pros
  • Highly competitive pricing
  • Above-average research and education offerings
Cons
  • Small range of markets available for trading
IC Markets
4.5/5 Stars 4.5 Overall

Myfxbook, ZuluTrade, IC Social app

Minimum Deposit$200
Trust Score84
Tradeable Symbols (Total)3583

IC Markets offers multiple copy trading options, including the Signals market from MetaTrader, cTrader’s Copy module, Myfxbook (AutoTrade), ZuluTrade, and the IC Social mobile app powered by Pelican Exchange (availability of these platforms will depend on your country of residence). Read full review

Pros
  • Consistently excellent MetaTrader broker
  • Great automated copy trading strategies
  • Competitive pricing
Cons
  • Research and education are limited
  • Regulated primarily by one Tier-1 regulator (in Australia)
Sponsored

Best forex broker for copy trading - eToro

Company Proprietary Platform MetaTrader 4 (MT4) cTrader ZuluTrade DupliTrade Visit Site
eToro logoeToro
Yes No No No No

eToro is my top choice for copy trading due to its easy-to-use platform where traders can duplicate the trades of investors on over 2,300 different instruments, including exchange-traded securities, forex, CFDs, and popular cryptocurrencies.

Research and tools: eToro has also significantly improved its education within its Learning Academy and has enhanced its available research, both of which complement its copy trading offering and client experience. The research improvements include the addition of TipRanks and Trading Central as well as client sentiment data.

Native copy trading focus: One of the reasons eToro is consistently ranked in first place for copy trading is in large part due to this being practically its entire focus, compared to nearly all other brokers who only offer copy trading as a secondary platform. As a result, copy trading is deeply ingrained in the eToro experience. The broker’s main innovation is merging self-directed trading and copy trading under a unified trading experience. It is a winning combination and remains eToro’s primary focus.

Social network experience: eToro has a fantastic social network experience, as part of its news feed where traders and popular investors can share and comment on posts within its community. In addition, its CopyPortfolios tool allows you to copy a pre-packaged selection of other popular investors, a nice innovation that helps eToro stand out from other copy trading platform providers.

Popular Investor program and the eToro Club: In order to crowdsource the best traders to share their strategies for others to copy, eToro has a popular investor program that rewards you when you have consistent risk-adjusted returns. The program ranges from its base tier, Cadet, all the way up to its highest tier, Elite, each with increasing perks such as rebates.

Pricing: eToro remains slightly pricier than most of its competitors, despite recently cutting spreads and introducing zero-dollar commissions for U.S. stock trading. However, I feel that the extra cost of marked-up spreads is offset by the fact that you are receiving eToro’s copy trading services for free, as otherwise, you would have to pay for copy trading separately. To learn more, visit my full review of eToro.

Note: Past performance is not an indication of future results. Copy trading does not amount to investment advice. Copy trading takes place in a self-directed account, and your capital is no less at risk. The value of your investments may go up or down.

Best for a variety of platform options - AvaTrade

Company Proprietary Platform MetaTrader 4 (MT4) cTrader ZuluTrade DupliTrade Visit Site
AvaTrade logoAvaTrade
Yes Yes No Yes Yes

AvaTrade is a trusted global brand best known for offering traders an extensive selection of trading platforms, including copy trading, alongside access to a wide variety of markets, such as options and - most recently - futures trading.

Well-balanced offering: My testing found AvaTrade to be great for copy trading, competitive for mobile, mostly in line with the industry average for pricing and research, and an outstanding choice for investor education. Experienced active traders may also be interested that more competitive pricing is available at AvaTrade on its Pro account for clients that are designated as Professional traders.

Platform selection for copy trading: Alongside MetaTrader which supports the signals markets for copy trading, AvaTrade offers ZuluTrade and DupliTrade, and recently launched AvaSocial for social copy trading. The wide variety of platform options is one reason that AvaTrade is a great choice for copy trading.

AvaSocial powered by Pelican: AvaSocial is the latest copy trading platform from AvaTrader. It is developed and powered by Pelican which brings its own network of traders from around the world. Typically when brokers launch a new copy trading platform from scratch it can take many months and even years to amass a large enough network and trading history to provide clients with a substantial list of the best-performing traders to copy. However, that is not the case at AvaSocial since you can scan from among all the expert traders currently in the entire Pelican network. Check out my full review of AvaTrade for the complete rundown.

Best for customization and add-ons - Pepperstone

Company Proprietary Platform MetaTrader 4 (MT4) cTrader ZuluTrade DupliTrade Visit Site
Pepperstone logoPepperstone
No Yes Yes No Yes

Pepperstone has long been a provider of copy trading platforms from popular third-party developers and recently launched its own branded version powered by Pelican.

Pricing flexibility and add-ons: What helps make Pepperstone a great choice for copy trading is its vast selection of copy trading platforms and the ability to use either its spread-only standard account or commission-based Razor account across all its platforms. Each platform also comes with a plethora of third-party add-ons at Pepperstone, enhancing the available features beyond the vanilla offering of many other brokers.

Copy trading platform selection: Pepperstone’s dual offering of Signal Start for MetaTrader and DupliTrade for cTrader is a great fit for copy traders and algorithmic traders alike. In addition, cTrader also has its own native copy trading (although I am not a fan of it), just as MetaTrader has the signals market. In addition to support for algorithmic trading, Copy Trading by Pepperstone was recently launched following its partnership with Pelican. Overall, Copy Trading by Pepperstone would be my top choice at Pepperstone when looking to copy trade, simply because of the size of the Pelican network that you can access to analyze other traders to copy.

These factors all contributed to Pepperstone receiving Best-in-Class honors for our MetaTrader, Algo Trading, and Copy Trading categories in our 2024 Annual Awards. That said, while all of these options are fantastic for power users and those who wish to have the flexibility of deep customizability, Pepperstone's lack of competitive educational resources may not make it the best fit for beginner traders trying to learn how to use these tools. Read more at my in-depth review of Pepperstone.

FAQs

What is copy trading?

The idea of copy trading is simple: use technology to copy the real-time forex trades (forex signals) of other live investors (forex trading signal providers) you want to follow. This way, every time they trade, you can automatically replicate (copy) their trades in your brokerage account.

Copy trading history

Many of the early pioneers in social trading technology started out as third-party platform developers, such as Tradency, ZuluTrade, and eToro. While some of these firms are still independent service providers, or (ISPs), others went in a new direction. eToro, for example, became a broker – check out our full-length eToro review (and our review of eToro’s U.S. stock trading offering at our sister site, StockBrokers.com).

Today, thanks to precise legal definitions and ever-evolving trading technology, regulators in nearly every jurisdiction consider copy trading to be self-directed — because the client must decide who to copy, even if the copying happens automatically (for each signal).

It's important to note that not all trading platforms with social features provide copy trading.

Is copy trading legal?

Copy trading is legal in most countries, as long as the broker itself is properly regulated. When investing in financial markets through a regulated broker, there are procedures in place during the account opening process that should ensure it is legal for you to trade (depending on your country of residence).

reportChoose a regulated forex broker

Looking for a forex broker that offers copy trading? Choosing a well-regulated, properly licensed forex broker can help copy traders avoid scam forex brokers. My educational series about financial scams has helpful tips for identifying common copy trading forex scams.

Is copy trading legal in the U.S.?

Yes, copy trading is legal in the U.S. – provided that your broker is properly regulated by either the Commodity Futures Trading Commission (CFTC) in the case of forex or the Securities and Exchange Commission (SEC) for stocks. For cryptocurrency copy trading, your broker must be a registered Money Services Business (MSB) and licensed by FinCEN. In legal terms, copy trading is typically treated as a self-directed account.

Before copy trading existed, a power of attorney form was required to authorize a fund manager to trade on your behalf. Today, individual investors agree to a Letter of Direction (LoD), which is a form that authorizes the broker to copy the trades of other traders automatically based on your explicit instruction.

Fun fact: The LoD (which is now incorporated in each platform’s terms and conditions) was a crucial piece of the innovation that helped legalize copy trading in the U.S., making it largely indistinguishable from a regular self-directed brokerage account. That said, in certain countries, there are still restrictions. In the U.K., for example, additional money-management licenses are required for copy trading.

mapLooking for a copy trading broker in the U.S.?

Check out my guide to the best forex brokers in the U.S. to learn about legal forex trading for U.S. residents, and to see my picks for the best U.S. forex brokers that are regulated for forex trading.

Which U.S. Brokers offer copy trading?

The following U.S.-regulated brokers offer copy trading either via their proprietary platform or from within the Signals market on MetaTrader:

What is the best copy trading platform?

Our testing found that eToro is the best copy trading platform available in 2024, compared to the range of platforms available from brokers and third-party provides such as ZuluTrade, cTrader, the MetaTrader Signals market, DupliTrade, and Myfxbook.

Check out my mobile walkthrough of eToro's copy trading platform, CopyTrade:



In the above video walkthrough, I demonstrate how simple it is to find and select a signal provider in eToro's CopyTrader. I scroll through the signal provider's profile (which includes the trader's Overview, Stats, Portfolio, and Charts), and then I select how much to allocate towards copying the trader.

Overall, eToro is my top pick for social copy trading and cryptocurrency trading in 2024. Check out my full-length eToro review to see video walkthroughs of eToro's user-friendly web platform and well-designed mobile app – both of which are great for casual investors and beginners.

How do you copy trade?

If you want to start copy trading, your first step will be to choose a copy trading platform. Copy trading platforms allow users to automatically copy trades in real-time using individually customized account settings and platform tools. Next, you’ll need to choose a trader to copy. People that make their trades available to be copied in real-time are known as signal providers. Once you’ve chosen a signal provider, you’ll need to decide to what degree you want to copy the signal provider, and how much capital to allocate.

cell_towerPro tip:

The best signal providers typically have a large following, an established track record of performance (i.e., history of monthly trading results), consistent risk-adjusted returns, and above-average overall results. That said, the past performance of any provider is not a guarantee of future results.

How to start copy trading, in 7 steps:

  1. Compare the performance rankings and statistics of a variety of signal providers.
  2. Select a signal provider that complements your own trading goals and risk tolerance.
  3. Determine how much of your account balance to allocate towards copying the provider’s trades.
  4. Fine-tune your risk management settings and consider whether you’ll copy the provider’s existing open positions, or only new positions moving forward.
  5. Once you are comfortable with the settings you have configured, click to copy trade the traders you have decided to follow.
  6. Monitor the performance of your trading account as often as needed, depending on the frequency of trades established in your copy trading account.
  7. Adjust your parameters and subscriptions as conditions change (such as signal provider performance, or your own market expectations.

Top 5 copy trading tips

1. Look beyond a signal provider's absolute returns. It’s impossible to predict market movements 100% of the time, so you should seek out traders that are statistically consistent.

2. Review a wide variety of statistics and metrics when analyzing the performance of a signal provider. Analyze data points such as average profit and loss, number of trades placed, and average trade duration.

3. Find the right balance of diversification for your trading goals. Copy trading can give you the ability to incorporate a variety of trading styles and tradeable markets within your investment portfolio.

4. Always consider the time horizon (or, expected duration) of your investment when copying another trader. Even if you’ve analyzed the signal provider’s historical performance and found it to be consistent, keep in mind that their investment strategy may vary day-to-day in frequency and/or volume.

5. Familiarize yourself with your copy trading platform's settings for managing risk. Social copy trading is not without risk. It’s important to customize your limits and/or thresholds for risk management purposes. For example, you can customize the amount of capital at risk for each signal provider that you are copying.

What is an example of copy trading?

Once you’ve decided which traders you want to copy from within the copy trading platform, you’ll allocate a portion of your account balances towards each trader (or, signal provider) to enable copy trading. For example, if you are copying a trader who buys 100,000 units of the EUR/USD currency, you will see the same proportionally-sized trade in your account – depending on how much you allocate. The trade size in your account may be smaller or larger, depending on how you configured your account when initially subscribing to copy each investor.

Pro tip: Once you find one or more traders you wish to copy from within a copy trading platform, you will need to decide whether you want to only take on any new trades they establish, or immediately copy any of their pre-existing positions that may already be open. There may be additional parameters that you can configure — such as the maximum amount of risk you are willing to take for each trader you copy — and other controls that may affect how you manage your account when copy trading (these can vary depending on the copy trading platform you use).

Besides choosing a trader with good historical results, it's important to look at the performance statistics for each system, such as the amount of risk taken (maximum drawdown) and average trade size, duration, and frequency of trades. Some investors select more than one strategy, but having enough capital and choosing the right risk parameters (if any) is crucial when you copy trade forex strategies. Remember, copy trading is risky. Never invest more money than you are willing to lose.

Is copy trading risky?

Yes, copy trading can be risky. Any form of trading in financial markets carries risk, and forex and CFDs are high-risk investments regardless of your preferred trading method. Some may argue that using a copy trading strategy can be less risky than regular self-directed trading because most trading system developers employ risk management on every trade (i.e. stop-loss and limit orders). It’s important to realize, however, that no copy trading signal providers can guarantee successful returns.

Can you make money from copy trading?

Copy trading is like any investment, in the sense that you can either make money or lose money. Your profitability is determined by which traders you follow, as well as the timing of when you copy their trades — both of these factors will affect any resulting profits or losses.

You should assess the profitability of each trader before choosing which one to follow, and remember: just because a trader is making money at a particular time doesn't mean it's the best time to copy them.

As the market adage goes, "Past performance is not indicative of future results." As copy trading is risky (and many traders do lose money), you should only invest what you are willing to lose. Start with a small amount of capital, and do thorough research before committing to a strategy.

How do I choose the best trading system to forex copy trade?

The best trading system to copy isn't necessarily the most profitable. It is crucial to align your risk parameters with the strategy that best suits your investment goals. For example, a more conservative investor may choose a system with a lower average loss per trade, relative to the average profit. On the other hand, a more aggressive investor may choose a strategy that has higher volatility, which means a higher risk for losses — but also higher relative potential profits.

Many modern copy trading forex platforms contain hundreds or even thousands of signal providers. As a result, it can be difficult for traders to decide who to follow. Thus, it is always important to do research, start with a small amount, and never risk more than you are willing to lose.

Is copy trading good for beginners?

Copy trading can be good for beginners, provided they learn the basics and approach copy trading the same way they would any other self-directed trading account. Beginners should always start small before trading more seriously with larger amounts, and it’s always wise to learn how to use the software with a demo account before diving straight into live trading of any kind.

It's important to note that copy trading still requires active account management — it's not a quick fix or an easy way to make money. Copy trading should be thought of as a way to complement your portfolio and existing trading tool arsenal.

Whether or not copy trading is a good idea for you will depend on your preferences, trading goals, and risk tolerance. You'll need to specify various risk/reward parameters and maximum drawdown thresholds and decide which providers to copy (if any).

schoolGetting started as a forex trader

Check out our popular guide to forex trading for beginners, and check out my guide to the best free forex trading courses to jumpstart your educational journey into the world of forex trading.

Beginners should analyze all available performance metrics when deciding whether to copy a particular signal provider. Understanding a given signal provider’s risk tolerance is just as important as measuring their average profits or their overall results. It’s also important to look at a signal provider’s trading volume and frequency, and to decide whether their style of trading would be suitable for your own account balance, profit goals, and risk tolerance.

Remember: Copy trading is not a replacement for self-directed trading, and should not be thought of as a passive investment or managed account.

Does copy trading really work?

Yes, copy trading really works, and you can verify the proof by checking the results of the best-performing traders. Likewise, there are traders that do lose money when copy trading. The key to success is picking the right strategies at the right time, and then allocating enough capital to each strategy, in addition to setting any risk/reward thresholds depending on your needs.

Copying a trader who has a successful track record or history of positive returns is no guarantee that you will succeed, although it can help increase the probability of making money compared to copying a trader that has poor historical performance.

Pro tip: The tools available for analyzing traders and managing risk can vary widely across copy trading platforms, and database biases may come into play (for example, recency bias, which can lead to simply following the trader currently performing best, which is not always the best choice). In addition, investors may be led astray by strategy drift — which is when a trader deviates from the strategy that led to their historical performance, which can produce unexpected results. The key to success is to do your research and keep up to date with your account performance, and intervene when necessary if copy trading doesn't work for you.

Other thoughts on copy trading

Understanding how social copy trading networks calculate trading performance is an essential aspect of successful copy trading, as it affects the ordering of trader rankings. The method used to measure and track profit and loss also influences trade copiers.

Instant backfill bias is just one example of the challenges social trading technology developers face if they permit traders to instantly upload their entire trading history at the click of a button.

Such challenges have been known for years, and thanks to broker procedures, regulation, and robust technology, these concerns are mostly non-issues, especially for top-rated forex brokers. Nonetheless, if in doubt, it's always prudent to check and ask questions.

Forex copy trading platforms comparison

Using our forex brokers comparison tool, here's a summary of the trading platforms offered by the best copy trading brokers.

Feature eToro logoeToro AvaTrade logoAvaTrade Pepperstone logoPepperstone Vantage logoVantage FXCM logoFXCM Tickmill logoTickmill IC Markets logoIC Markets
Virtual Trading (Demo) info Yes Yes Yes Yes Yes Yes Yes
Proprietary Platform info Yes Yes No Yes Yes No No
Desktop Platform (Windows) info No Yes Yes Yes Yes Yes Yes
Web Platform info Yes Yes Yes Yes Yes Yes Yes
Social Trading / Copy Trading info Yes Yes Yes Yes Yes Yes Yes
MetaTrader 4 (MT4) info No Yes Yes Yes Yes Yes Yes
MetaTrader 5 (MT5) info No Yes Yes Yes No Yes Yes
DupliTrade info No Yes Yes Yes No No No
ZuluTrade info No Yes No Yes Yes info No Yes
Charting - Indicators / Studies (Total) info 104 80 15 30 115 30 30
Charting - Drawing Tools (Total) info 161 13 30 15 10 15 15
Charting - Trade From Chart info No Yes Yes Yes Yes Yes Yes
Watchlists - Total Fields info 6 7 7 7 13 7 7
View More

Our testing

Why you should trust us

Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.

How we tested

At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:

  • For Apple, we use MacBook Pro laptops running macOS 14.5, and the iPhone XS running iOS 17.6.
  • For Android, we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 14.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.

ForexBrokers.com 2024 Overall Rankings

Now that you've seen our picks for the best forex brokers for copy trading, check out the ForexBrokers.com Overall Rankings. We've evaluated over 60 forex brokers, using a testing methodology that's based on 100+ data-driven variables and thousands of data points. Check out our full-length, in-depth forex broker reviews.

Company Overall Rating Offering of Investments Commissions & Fees Platform & Tools Research Education Mobile Trading Trust Score Visit Site
IG logoIG
5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 99
Interactive Brokers logoInteractive Brokers
5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 99
Saxo logoSaxo
5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 4/5 Stars 5/5 Stars 99
CMC Markets logoCMC Markets
5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 99
FOREX.com logoFOREX.com
5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 5/5 Stars 99
Charles Schwab logoCharles Schwab
5/5 Stars 5/5 Stars 4/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 5/5 Stars 99
City Index logoCity Index
5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 5/5 Stars 99
XTB logoXTB
5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 96
eToro logoeToro
4.5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 90
Capital.com logoCapital.com
4.5/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 87
Swissquote logoSwissquote
4.5/5 Stars 5/5 Stars 3.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4/5 Stars 4.5/5 Stars 99
AvaTrade logoAvaTrade
4.5/5 Stars 4/5 Stars 4.5/5 Stars 4.5/5 Stars 4/5 Stars 5/5 Stars 4.5/5 Stars 94
Plus500 logoPlus500
4.5/5 Stars 4.5/5 Stars 4.0/5 Stars 4.5/5 Stars 4.0/5 Stars 4.0/5 Stars 4.5/5 Stars 99
FXCM logoFXCM
4.5/5 Stars 3.5/5 Stars 4/5 Stars 5/5 Stars 4.5/5 Stars 4/5 Stars 4.5/5 Stars 95
OANDA logoOANDA
4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 5/5 Stars 4/5 Stars 4.5/5 Stars 93
Pepperstone logoPepperstone
4.5/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 95
XM Group logoXM Group
4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 5/5 Stars 4.5/5 Stars 4/5 Stars 88
Admirals logoAdmirals
4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 93
FP Markets logoFP Markets
4.5/5 Stars 4.5/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 87
Tickmill logoTickmill
4.5/5 Stars 3.5/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 86
IC Markets logoIC Markets
4.5/5 Stars 4.5/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 84
FxPro logoFxPro
4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4.5/5 Stars 90
Markets.com logoMarkets.com
4.5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 93
FinecoBank logoFinecoBank
4.5/5 Stars 4.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 94
BlackBull Markets logoBlackBull Markets
4/5 Stars 5/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 78
Vantage logoVantage
4/5 Stars 3.5/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 90
ThinkMarkets logoThinkMarkets
4/5 Stars 4.5/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 92
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 86
HFM logoHFM
4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 86
DooPrime logoDooPrime
4/5 Stars 5/5 Stars 3/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 83
Questrade logoQuestrade
4/5 Stars 5/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 86
ActivTrades logoActivTrades
4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 81
Trading 212 logoTrading 212
4/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 79
BDSwiss logoBDSwiss
4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 76
Trade Nation logoTrade Nation
4/5 Stars 3.5/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 85
TMGM logoTMGM
4/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 83
Eightcap logoEightcap
4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 85
Moneta Markets logoMoneta Markets
4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 72
Spreadex logoSpreadex
4/5 Stars 5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 71
MultiBank logoMultiBank
4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 84
Exness logoExness
4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 81
ACY Securities logoACY Securities
4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 75
easyMarkets logoeasyMarkets
4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 80
RoboForex logoRoboForex
4/5 Stars 5/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 73
VT Markets logoVT Markets
4/5 Stars 3.5/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 70
Octa logoOcta
4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 70
IronFX logoIronFX
4/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 83
IFC Markets logoIFC Markets
4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 67
Trade360 logoTrade360
4/5 Stars 4/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 76
Axi logoAxi
4/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 81
TeleTrade logoTeleTrade
4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 71
iFOREX logoiFOREX
4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 75
FXOpen logoFXOpen
3.5/5 Stars 3/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3/5 Stars 4/5 Stars 76
FXPrimus logoFXPrimus
3.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3.5/5 Stars 4/5 Stars 71
Xtrade logoXtrade
3.5/5 Stars 3.5/5 Stars 2.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 74
Forex4you logoForex4you
3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 61
GBE brokers logoGBE brokers
3.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3/5 Stars 4/5 Stars 71
Alpari logoAlpari
3.5/5 Stars 3/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3.5/5 Stars 4/5 Stars 68
TopFX logoTopFX
3.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3/5 Stars 4/5 Stars 67
Libertex (Forex Club) logoLibertex (Forex Club)
3.5/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 3/5 Stars 3/5 Stars 4/5 Stars 73
LegacyFX logoLegacyFX
3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 67
FXGT.com logoFXGT.com
3.5/5 Stars 3/5 Stars 3.5/5 Stars 3.5/5 Stars 3/5 Stars 3/5 Stars 3.5/5 Stars 69
ATFX logoATFX
3.5/5 Stars 3.5/5 Stars 3/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 85

Popular Forex Guides

More Forex Guides

Popular Forex Broker Reviews

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans
John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Blain Reinkensmeyer
Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

close