Trading
Best Social Trading Platforms
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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.
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.
Here then we take a closer look at some of the very best social trading platforms as offered by these brokers.
XM
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.
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.
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. The best way you can engage in social trading through MT4 is to utilize the EAs feature. 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.
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 more information, you can always take a look at our full XM review or pay a visit directly to XM.
Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
AvaTrade
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.
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 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. You can also connect your AvaTrade MT4 account with ZuluTrader to allow copy trading through that trading platform directly.
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.
Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Pepperstone
Pepperstone makes the list as one of the best social trading platforms thanks to more than 10 years in the industry prioritizing traders through their transparent, good value broker services. Well-regulated by the FCA in the UK, and others around the world, the broker has become a popular choice for many types of traders.
Through their proprietary and easy to use trading platform which is also available on mobile, you can engage in trading CFDs, Spread Betting, and more on all of the assets they have to offer. As a copy trader though they they are powered by Zulutrade enabling you to fully take advantage of copying other traders.
You can also always take a look at our Pepperstone review for an in-depth rundown on everything this top forex broker choice has to offer or visit Pepperstone.
Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
FXTM
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.
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.
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.
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.
To learn more about this great broker and what they have to offer, see our FXTM review or visit FXTM.
Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
