Social trading is one of the fastest-growing trends in forex trading. New social trading networks are entering the forex market and new platforms with social elements are being developed and pushed out with rapid speed. Copy trading is the most successful aspect of all the new social trading techniques.

Reviews of recommended Forex Brokers >> Forex Brokers to avoid >>

Safest Forex Brokers 2020

Broker Features Min Deposit EURUSD Spread  
Number One Broker ForexTime LogoYour capital is at risk US Clients: No Regulated : Yes – Regulated by CySEC & FSB – Over 400k Registered Accounts – More than 250 Trading Instruments – MT4, MT5 and Web Trader Platforms – Full ECN Trading Model $5ECN 0.1, Standard 0.7
Forex Broker eToro Logo76% of CFD traders lose US Clients: No Regulated : Yes

– Social Trading Platform
– FCA & CySEC Regulated
– Minimum Deposit $200
– Demo Account
– Real and CFD Cryptocurrencies
– Copy Trading
– 2000+ Instruments

$2003 pips
Sign Up 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Your capital is at risk US Clients: No Regulated : Yes

40% New Member Bonus
– MIFID, ASIC, FSA & FSCA regulated
– Free Online Trading Coach

 

$100Fixed
Sign Up Europe* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.
Forex Broker City Index Logo75% of clients lose money. Capital at risk US Clients: No Regulated : Yes

– FCA, NFA, CFTC, IIRO, FSA, CIMA, MAS, SFC Regulated.
– Award winning platform.
– Beginner Friendly.
– Well established, safe and trusted.

£100Varied
Forex Broker Pepperstone LogoYour capital is at risk US Clients: No Regulated : Yes

– FCA & ASIC Authorized and Regulated
– 24 Hour Support
– Negative Balance Protection

$1000.1 pips
Sign Up CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% 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.
fxcm broker logoYour capital is at risk US Clients: Regulated : Yes
  • Enhanced Execution and quality pricing.
  • Award-winning trading platform – Trading Station Web/Desktop/Mobile
  • Free Access to Exclusive Trading Tools and Services: Trading Signals, Trading Analytics and more
  • More than 20 Years of experience in Online Trading Services – Leading Provider
300€1.2*
Sign Up 73.05% of investors lose money when trading CFDs with FXCM
    So what does it mean that a platform is social? Well, obviously it differs between different platforms but there are a few different traits that are common. The ability to interact socially is obviously one trait, several brokers offer the possibility to interact between traders. Another trait, and quite possibly the most interesting trait is the ability to see, follow and in the end copy trades of the most profitable traders on the platform. The ability to see and copy trades of more experienced traders is an effective way for newbie traders to learn the trading profession quicker than by traditional learning by reading articles and trying it out by themselves. It is also easier to see trends and learn effective trading strategies by following profitable traders. Copy trading has come to stay.

     

    Related Articles

     

    Latest news

    Crude Oil Daily – Uptrend in progress
    The Crude oil market, on the D1 time frame, was in a short downtrend until the 2nd of November when a lower bottom was reached at 33. Read more

    Trusted brokers

    Oanda Small Logo
    ATFX Logo
    BlackBull Markets Small Logo
    XM Logo
    FXTM Logo
    LegacyFX Small Logo
    City Index Logo
    Pepperstone
    skilling logo
    Forex.com Logo
    HYCM Logo
    OctaFX Logo
    Exness Small Logo
    Plus500 Small Logo
    IQ Option Logo