When it comes to choosing a copy trading platform in the UK, it’s crucial to evaluate the unique features of each. Here’s an overview of some leading platforms:
- 🌐 Regulated by the UK’s FCA
- 💰 Minimum deposit: £50
- 📈 Known for being beginner-friendly
- 🔄 CopyTrader feature for easy replication of expert traders’ positions
- 💡 Social news feed for staying updated on expert traders’ activities
- 💸 Compensation for expert traders through the investor program
- 🆓 CopyTrader feature is free for newbies
eToro: One of the best copy trading platforms in the U.K., known for being very beginner-friendly. eToro allows traders to choose from a wide range of assets, including cryptocurrencies like Bitcoin and Ethereum. Its CopyTrader feature, considered the most iconic, lets traders choose signal providers based on return rate, strategy, risk score, and number of copiers. The minimum required for copy trading at eToro is $200.
- 🌐 Regulated by the Central Bank of Ireland, ASIC, FSCA
- 💰 Minimum deposit: Varies
- 📱 Excellent AvaSocial app for mobile traders
- 🔄 Focus on mobile trading, particularly user-friendly for mobile users
- 🔄 Regular updates and improvements expected for the AvaSocial app
- 📉 Relatively new, some features may still need improvement
AvaTrade: A top-tier global CFD market-maker known for excellent oversight and regulation. Traders can trade multiple assets, including Forex, cryptocurrencies, options, bonds, ETFs, etc. AvaTrade supports MetaTrader 4 and 5, and its AvaSocial app, combined with access to ZuluTrade and Mirror Trader, makes it an excellent option for those who want to copy trade on-the-go.
- 🌐 Regulated by the Financial Conduct Authority (FCA)
- 💰 Minimum deposit: £200
- 📊 Leading Forex broker with more than 400,000 clients
- 🔄 Offers MT4, MT5, TradingView, and cTrader platforms
- 🔄 FCA and CySEC regulate Pepperstone
- 📈 In addition to CFD, Forex, Indices, and Currency Indices, they also offer crypto
- 💸 Minimum deposit amount on Pepperstone is $500
Pepperstone: A leading Forex broker with more than 400,000 clients, offering a user-friendly platform suitable for novice traders. Regulated by the Financial Conduct Authority (FCA) and CySEC, Pepperstone provides various trading platforms, including MT4, MT5, TradingView, and cTrader. It supports a wide range of instruments, including CFD, Forex, Indices, Currency Indices, and crypto, with a minimum deposit amount of $500.
- 🌐 Regulated by ASIC
- 💰 Minimum deposit: Varies
- 🔄 User-friendly interface suitable for traders of all levels
- 💡 Diverse customization options
- 🔄 Easy replication of successful traders’ positions
- 📉 Relatively new, some features may still need improvement
FP Markets: Offers a top-notch copy trading platform for MetaTrader users in the UK. The platform is designed for traders of all levels and provides a user-friendly interface with a wide range of tools and features to help traders make informed decisions. It’s especially beneficial for new MT4 or MT5 users looking to learn from experienced traders.
- 🌐 Regulated by CySEC, FSCA, FCA
- 💰 Minimum deposit: £100
- 🔄 Highly-regulated
- 🌐 Over 1000 trading instruments encompassing forex, stocks, commodities, etc.
- 📚 Extensive resources tailored for advanced traders
- ⭐ 4.6-star rating
FXTM: Stands out as the best copy trading platform with an impressively low minimum deposit requirement of just £100. Highly-regulated by CySEC, FSCA, and FCA, FXTM offers extensive resources tailored for advanced traders. With over 1000 trading instruments, including forex, stocks, commodities, etc., FXTM caters to diverse trading preferences, earning it a 4.6-star rating.