Employing this kind of social trading style is not only accepted by XM but also very well-catered for and relatively easy to do through the user-friendly MT4 and MT5 trading platforms where you can get started with a very low minimum deposit. For all the latest on getting started with this top social trading giant, we have put together an in-depth eToro review or you can directly visit eToro. To learn more about this great broker and what they have to offer, see our FXTM review or visit FXTM. The “feeds” area of the eToro social trading platform platform is where you can fully engage with other traders in a way that resembles any top social media platform of the moment. Here you can quickly and easily share news, views, videos, and more while engaging all the time with other traders. Anthony is a financial journalist and business advisor with several years’ experience writing for some of the most well-known sites in the Forex world. A keen trader turned industry writer, he is currently based in Shanghai with a finger on the pulse of Asia’s biggest markets.
How much money do you need to start day trading UK?
How much money do you need to start day trading? With IG, you’ll need to fund your account by a minimum of £250 to start trading. Other than that, the cost of day trading will very much depend on which markets you choose to trade and the market conditions, as well as your personal circumstances and attitude to risk.
Best Social Trading Platforms
FXTM is one of the most trusted and respected forex brokers in the industry with trading offered in more than 250 assets. When it comes to social trading the broker does an excellent job in combining their great trading platforms in MT4 and their own proprietary FXTM Invest product to cover all your needs. With these options open to you, choosing the best social trading platform can be extremely flexible when trading with Capital.com. Once you are set up you will be able to trade on hundreds of assets with this fast-growing broker where the spread starts from a very competitive 0.6 pips and who are regulated by CySEC, the FCA, and other top-tier bodies for a completely secure trading experience.
Does copy trading really work?
Most of the time, these sites give those traders an incentive to be copied. On eToro, for example, traders earn small commissions based on the number of people copying them. Note that people who copy other traders can also, in and of themselves, be copied and earn commissions.
Through ZuluTrade you will then have access to copy some very experienced and successful traders or provide your own trading signals. The platform hosts a variety of features to make your social trading experience as interactive and user-friendly as possible while trading on more than 200 assets made available by the broker. This includes the ability to comment on and communicate with other traders using the platform.
Best Social Trading Platforms
Best Social Trading Platforms
Getting involved in social trading is one of the most convenient and user-friendly ways to start trading in the forex market or a host of other assets made available by the best social trading brokers. The proprietary social trading platform that eToro operates is not only visually appealing and very easy to use but is also backed by a string range of special features and customizable options that make it the most popular around. XM primarily offers trading through the extremely well-respected MT4 and MT5 trading platforms. Here you can get involved in social trading on some of the more than 1,200 assets that are available for trading. This is the core that the business was built upon when they first launched and which has continued to evolve into a comprehensive social trading platform that is one of the easiest to use in the sector. When it comes to social trading, as they do to facilitate copy trading, they have linked up with ZuluTrade who are themselves one of the biggest trading platforms in social trading.
This means it is both fast and convenient to directly link your AvaTrade account with ZuluTrade thanks to their partnership. Through FXTM Invest you can engage in a fully interactive copy and social trading environment through which you can share as well as pick up useful trading information and more. This can then be directly employed on your Metatrader trading platform that of course has all the functions and usability for which it has become known over the years.
You can also connect your AvaTrade MT4 account with ZuluTrader to allow copy trading through that trading platform directly. Though the Metatrader trading platforms do not directly provide for any social trading features as standard, they are still some of the most well-equipped for social trading through other methods that are indirectly connected. This will allow you to follow other traders in external social settings like the MQL5 community and import trading strategies you would like to follow. XM is one of the most experienced names in the industry when it comes to social trading and a wealth of other features. They have been around since 2009 and have built a very trusted reputation as a very well-regulated broker offering great trading platforms. Here then we take a closer look at some of the very best social trading platforms as offered by these brokers. In the background, one of the things that help make these brokers so popular and easy to use are their powerful and intuitive trading platforms.
These social trading platforms for the core of your trading experience with any broker so it is key to find the best one to suit your needs. There are no direct social trading features built into the proprietary Capital.com trading platform though that does not mean you can’t engage with a third-party social trading platform like Zulutrade or others that partner up with your broker. Overall, the social trading platform in MT4 combining its own customizable tools and indicators with what is offered by FXTM invest makes this a perfect place to engage in social trading and an area of increasing popularity for FXTM traders. AvaTrade is another of the most experienced brokers in the industry that provide a great social trading infrastructure you can get involved with. They have more than a decade in the sector with the Irish-based broker having launched in 2006.
We have a complete Avatrade review for you to take a look at If you would like more information or it is always possible to visit AvaTrade. For more information, you can always take a look at our full XM review or pay a visit directly to XM. This risk is higher with Cryptocurrencies due to markets social trading platform being decentralized and non-regulated. Besides to tools and features offered by FXTM Invest you can also import strategies from the wider community to make use of the MT4 EAs feature that can be invaluable in linking these resources that you can bring from the wider social community.