The eToro copy trading platform offers the ability to mirror other traders’ portfolios and automatically trade with them. It has a wide variety of investment options including stocks, commodities, currencies and cryptocurrencies. The site is regulated by the Financial Conduct Authority (FCA) and offers risk-free demo accounts.
Copy trading is a popular way for traders to gain experience in different markets without having to manually open and close positions themselves. It also allows them to replicate the strategies and performance of more experienced traders with minimal time and effort. However, this type of trading is not suitable for everyone and it is important to understand the risks involved. Try it now
IG Markets, Pepperstone, FXTM, and FP Markets all offer a range of copy trading services in the UK. Each of these brokers is a member of the FCA and is compliant with ESMA, which helps to instil trust and reliability amongst users. In addition to offering a full suite of social trading features, each of these brokers also provides low-cost forex and CFD trading.
Copy Trading UK: Best Platforms to Follow Expert Traders
When selecting a copy trading broker, it is important to compare fees and costs before making a decision. Check whether the platform charges any profit-sharing commissions, or if there are any upfront or monthly subscriptions. You should also consider the minimum and maximum investment levels for each trader that you wish to follow. Additionally, make sure that the broker has a robust customer support team available through multiple channels.