Best Social Trading Platform - 2017

Forex social trading is a social environment that offers interaction between active Forex traders in real time. It provides significant benefits of sharing knowledge with others and allows traders to trade online with the help of others by comparing and copying their trades, techniques and strategies. With the best social trading platforms offered today, newbie traders can follow expert traders while those with more experience can improve their own trading by selecting and subscribing to one of many Forex social trading platforms available in the market today.

Social trading is a trend that has been around for many years but it has gained in popularity of late due to increased trading activity and the need by Forex traders to depend on the knowledge and experience of more savvy investors. The idea of being connected with other Forex traders on the network is attractive to everyone.

Before the advent of social trading, investors had to rely on fundamental or technical analysis to form their investment decisions. Using Forex social trading investors and traders are able to integrate into their investment decision-making process with social indicators from trading data-feeds of other traders.

The best social trading platforms allow traders to interact with others, monitor their trades and then decide whether they are worth duplicating. By copying trades, traders can learn which strategies work and which do not work.

Many of the top social trading platforms also include copy-trading, sometimes referred to as auto-trading, capabilities in their social platforms where investors can automatically copy or mirror the trades from other traders on the network in their own trading account. Forex social trading brokers display a real time listing of other traders’ activities and achievements directly on their websites in order to enhance a trader’s success.

Some social trading platforms, such as the Sirix Social Network, allow a trader to select to follow a specific master trader who already has a long list of copiers. When the master trader opens a new position, so do all of his followers thus widening the trader’s trading opportunities.

Choosing the best Social Trading Platform

Since social trading platforms are based on the ability to follow and copy as many traders as possible worldwide, the best social trading ¬¬platforms would be those that offer the largest and most active social trading community of Forex traders. They would also include those Forex brokers that offer the most efficient copy trading capabilities since this would allow traders to place more trades at any given time. Lastly, the ability to synchronize order executions between several trading accounts (between a signal provider and followers) is another feature that can push a social trader broker to the top of the rankings.

Check out the list below to see who we recommend as the best social trading providers.

Broker's Name Minimum Deposit Deposit Bonus Type of Platform Maximum Leverage Regulation Rating More Info
Tradeo $250 None MetaTrader 4, Proprietary platform, Web-based 1:200 CySEC

9.8/10
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eToro $50 Up To $1000 Web-based, Other 1:400 CySEC, MiFID, FCA, CFTC, NFA, ASIC

9.7/10
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ZuluTrade None None None None None

9.6/10
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4 Trade360 100$ $110 + 25% to %40 Proprietary platform 1:400 CySEC, MiFID

9.5/10
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5 FxPro SuperTrader $500 None MetaTrader 4, Web-based, MetaTrader 5, cTrader 1:500 CySEC, MiFID, FCA

9.2/10
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Top Rated Social Trading Brokers

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Tradeo is a social trading company that operates under the brand name UR Trade Fix, Ltd, a CySEC regulated company with license number 282/15. Founded in 2012, Tradeo is an STP broker that offers a host of social features. Tradeo combines social trading with an advanced, synergistic trading platform, making Tradeo’s SocialTrader one of the first platforms to fully integrate both social and trade execution within the same visual interface.

Tradeo Review
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eToro, founded in 2007 and domiciled in Limassol, Cyprus, is a leading social site on the global scene with 5,000,000 traders. It is regulated by NFA, CySEC, ASIC, CFTC, MiFID, FCA and has been the recipient of several awards. eToro is certainly one of the best choices for anyone looking for more interaction with other currency traders and who are interested in studying how other people invest. The social trading platform provides a good testing ground for beginners and allows professional level trading for experienced investors.

eToro Review
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ZuluTrade, founded in 2007, was created in order to enable traders to share their knowledge with people interested in their strategies. In the strictest sense, ZuluTrade is considered a Forex autotrading platform, as it allows traders to automatically copy the trades of others into their own trading platform. Many also consider it a social trading platform, however, because traders can leave comments and feedback and see live feeds of other traders' activities.

ZuluTrade Review
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Trade360 CrowdTrading is a Cypriot broker domiciled in Cyprus and regulated by CySec (Cyprus Securities and Exchange Commission). Cyprus is a regulated and well known domicile for brokerages. They are also covered by MiFID regulation. Trade360 is under constant scrutiny and review.

Trade360 Review
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FxPro SuperTrader
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FxPro SuperTrader is a recently introduced Forex and CFD platform created for both novice and experienced traders to gain access to the FX market. FXPro SuperTrader is offered by FxPro Financial Services Limited which is authorized and regulated by the Cyprus Securities and Exchange Commission.

FxPro SuperTrader Review