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Social trading is an extremely popular and convenient way for new or experienced traders to get involved in trading the forex market, cryptocurrencies, CFDs on a huge range of assets, and much more. Besides simply trading these assets social trading offers a new level of engagement between you and other traders with a broker. This social interaction is a key foundation of social trading and one that you can use to continue learning about the industry while trading and becoming part of the community.
Here we feature five of the very best social trading brokers we have found. They provide access to trading through top trading platforms and with an extensive range of tools and features that can make social trading easy for you.
XM is a household name in the industry having been around since 2009. They have evolved their offering to now be one of the most comprehensive around. This covers both trading features, account types, and assets that are tradable with more than 1,200 to choose from.
At XM you will not find any directly built-in social trading capabilities but the broker still very much welcomes social trading in a number of other forms. The most popular of these is to take strategies and signals from the wider trading community and implement them through the MT4 trading platform and its EA feature. This is welcomed by the broker.
As well as the infrastructure, XM also provides a great value environment for getting started in social trading. You can start out with a minimum deposit from only $5 and look forward to trading with a broker who is well-regulated around the world by CySEC and ASIC.
AvaTrade is another top broker who has been around for more than a decade since its inception in 2006. They offer a well-respected and regulated trading environment with more than 200 assets to choose from in a number of categories and are one of the few brokers to make fixed spread trading available to all.
This fixed spread trading is excellent value too with spreads starting from 1.3 pips on major markets. That includes if you are social trading with Avatrade. The social trading features with the broker are made possible through the known and trusted Zulutrade platform that you can connect with ease to your Avatrade account.
With Avatrade you will also be able to engage the EAs feature of the MT4 trading platform to implement strategies and signals from others in the industry as a form of copy trading if you wish.
eToro has long been thought of as one of the best in the industry when it comes to social trading brokers. They have been around for many years and are now a cornerstone of the sector in both social trading and beyond.
You can expect a very comprehensive offering of assets and a wealth of other features when social trading with eToro. These include a wide range of social media like features that enable you to communicate and interact with other traders on the platform. This proprietary trading platform is also renowned as being one of the most user-friendly and intuitive in the business.
Through this range of features, you can choose your favorite traders to follow and copy on the platform getting started with a minimum deposit of just $200 and in a very low-fee environment. There are many good reasons why millions of traders choose eToro and particularly for social trading. They are highly experienced and provide the perfect infrastructure for both new and experienced traders.
FXTM has long been considered as one of the best forex brokers you can choose. They have established themselves as a top broker since coming on the scene almost a decade ago. They can now boast of being regulated around the world by many top-tier regulatory bodies and having a strong range of tradable assets available across many categories.
With social trading at FXTM you will again have the option of engaging the EAs feature of your MT4 trading platform. This allows you the flexibility to employ trading strategies from other traders in the MQL5 community and across the industry. FXTM fully supports this form of social trading and also provide a dedicated platform for copy trading through FXTM invest.
As with copy trading, you can choose from the more than 250 assets available when it comes to social trading and at great value too. The spread here is extremely competitive starting from just 0.1 pips and a minimum deposit that is very low for the industry too at only $100.
Capital.com is quickly following these other top brokers and industry names in becoming one of the leading choices for forex trading and much more. Here you can trade in a huge number of assets and rely on the very trusted backing of top-tier regulation that comes from CySEC in the EU and the FCA in the UK among others.
Though there is no social trading facility directly built-in to the Capital.com proprietary trading platform, there is no doubt that you will be able to engage other third-party platforms to connect with your Capital.com account and take care of all your social trading needs. As they continue to grow, this is an offering that is sure to improve and match a very competitive spread that starts from only 0.6 pips and a strong range of other available features at the broker that includes the ability to spread bet.
Capital.com is undoubtedly one of the fastest-growing names in the industry and one to watch in the years to come. For more detailed information on this popular broker, you can always take a look at our complete Capital.com review or visit Capital.com.
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