After extensive research and putting dozens of copy trading platforms to the test, we’ve rounded up 13 of the best crypto copy trading platforms in the industry today. To copy trade, you simply choose a trader you’d like to copy from one of the crypto copy trading platforms below, sync your brokerage account, and let technology handle the rest. The success of crypto copy trading totally depends on the IB you follow.

As a copy trader, your best approach is to divide your portfolio up between several different successful traders. This will keep you from relying on one trader or trading strategy, which could put you at risk of losing it all. While copy trading crypto is ideal for new traders, and incredibly easy to get started with, like any form of trading, there are some drawbacks and risks to consider.

Connect your Telegram account to the bot in order to receive notifications of your trades. The bot has a customer support team that can assist you should you encounter any problems while using its copy trading platform. It is highly responsive and you can reach them either by submitting your request on the website or through the live chat option on the platform. Coinmatics also allows its users to control the risk level of any strategy you follow. Like many competitors, CYBO gives its users the possibility to try the platform for free on the demo mode.

Imagine what if you could open the same traders as professional investors. Replicate the trading activities of financial experts and earn a passive income without spending time researching every investment you make. In addition to stocks, commodities and FX pairs, the platform currently supports over 16 cryptocurrencies.

Pros & Cons Of Copy Trading:

With a newly added copy trading function as well, it’s an excellent platform for replicating the trading results of profitable seasoned traders. Even if you’re happy with your profits, by constantly relying on copy trading, you may be missing out on even more money. The cryptocurrency industry is always evolving, sometimes day by day. If you rely solely on copy trading, you won’t be able to evolve with it, and could miss out on some lucrative opportunities. It lets anyone — regardless of their experience or skill — profit from investing in crypto markets without investing their time.

Add to that, consider the trader’s risk score and try to stick with those who have a low one . Moreover, as we mentioned earlier, diversification is important to reduce the risks of losing money while copy trading. For example, US residents who use eToro can only copy trade other US traders. Meanwhile, users from other countries can copy trade any trader, regardless of his country of residence. Investy is a relatively small yet powerful copy trading platform.

Copy-trading allows copying positions of another trader, and lately, it has become more popular. There are many traders who create ‘People-Based’ portfolios to invest in other investors instead of trading themselves. Yes, copy trading is legal in most countries, provided that the broker itself is properly regulated.

Using key indicators like trader’s Account Assets, Cumulative P&L, 30D Profit Rate, Max. Drawdown, etc, users can study the strategies while making profit. Join The copy trading platform’s community chat on telegram where you can discuss trading strategies with the platform’s traders and learn from their experience. The bot’s community might also help you with setting up your account. AvaTrade was tested and found to be excellent for copy trading, competitive on mobile, and in line with industry standards for pricing and research. The platform registers over 2 million trades every month and has a monthly trading volume that surpasses $70 billion.

Following is a handpicked list of copy trading apps and platforms with their popular features and website links. Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them. Various platforms allow users to rank traders by AUM, which means the amount of money invested in those traders.

Multiple Strategies To Choose From

When investing in the financial markets using a regulated-talang and legalizes your account and the traders carried within them. However, all of these completely depend on your country that you are living in. With the launch of the new feed feature, traders can now post their speculations on future trends and insights, thus encouraging interactions between copy traders. BingX’s copy trading system also supports DeFi, NFT, Indices, Commodities, Forex and Layer2. In bestelan to display trader’s performance in a more comprehensive way, BingX traders now can enrich their homepage by accessing another exchange’s API. AvaTrade is one of the best forex copy trading platform based in Ireland and regulated in Europe by the Central Bank of Ireland.

• With Pionex, you’ll have 16 free crypto copy trading bots to choose from, which can help you begin to see profits before you’ve even decided on your preferred trading strategy.
• 68% 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.
• Well, the unique thing about Coinmatics is that it allows you to perform both automatic and manual copy trading.
• The copy trading platform automatically opens the trades on your account when a trader you follow opens them.
• FXTM offers clients the MetaTrader 4/5 (MT4&5) platform support.

EToro offers the option to view other traders’ stats, risk scores and portfolios. You can trade more than 50 cryptocurrencies for fiat, and you can use multiple payment methods to purchase, sell, or withdraw. These include bank accounts, debit and credit cards, PayPal, wire transfers, and bank accounts. After https://xcritical.com/ deciding on the trader you want to copy, simply click on the “Copy” button. You will have to set the details for the traders before the platform can start copy trading. After filtering and selecting the trader that focuses on your preferred assets, you may check out more detailed stats on their profile.

Best Copy Trading Platform Crypto

With traditional crypto trading, you need to study the markets, look at charts, and perform quite a bit of research to support your trading decisions. Moreover, after placing a buy or sell trade, it’s up to you to manage the trade and exit at the right time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks. Provides access to a wide range of markets and offers 100 trading instruments all in one platform. The bot features on its website the top profitable traders and bots of the month.

Most forex social trading platforms make it simple to track which traders offer the highest ROI, which takes quite a big imagination power to decide who to copy. Mirror trading is mirroring the trading of a particular strategy. In these trading methods, companies combine their top traders’ strategies to produce reliable and accurate signals for their consumers. Today, it is considered an abstrak method as it is much improved with big data and artificial intelligence. As a result, mirror trading is relatively accurate and predictable; they are perfect for investors who want to know all the forex trading. Most platforms would charge fees on every position opened or closed by the trader you are following.

Trading Terminal

But if your goal is to beat the market, an index strategy might be more appropriate. Copy trading is a special type of trading activity that involves copying trades from other traders. It may be relatively new to the crypto scene, but MoonXBT is already making a name for itself as a top crypto trading platform, thanks to its limitless capabilities and excellent deals. The platform can be accessed in over 200 countries, and is well-known for its unique light trading contract.

In the case of the expert trader, he can gain followers, make a name for himself and also earn a commission for every successful trade from his followers. As for those copying his trades — if the trades are successful, they make a passive income. Four years later, in 2018, the what is copytrading platform added support for ether and ripple . Since then, the number of cryptocurrencies supported by the platform has continued to grow. EToro strives to improve its crypto trading services and also offers a crypto wallet to traders that wish to own the underlying asset.

Cardano Ada Price Will Tank, Says Renowned Trading Veteran Peter Brandt

It can be used to trade crypto, Forex, stocks, commodities, metals, and other financial markets. In addition, there’s no minimum to invest with Zignaly, and you can use a single bot or spread your funds out across as many “pro” traders as you wish. So, if you’re brand-new to the crypto trading game and are short on time , definitely check out this platform.

You simply need to follow a professional investor on a trading platform that offers copy trading. Gate.io is a well-known cryptocurrency exchange founded in 2013. Unlike many of the other trading platforms discussed in this guide, CopyMe lets you simultaneously copy the trades of multiple traders.

Minimal Investment

New crypto investors can easily follow and copy the trading strategies of successful traders. Principal traders can allow others to copy their strategies and trades via the Bybit platform to profit from their work. In return, they receive 10 percent of the profits earned by each follower. Unlike many crypto trading platforms, Bybit brings experienced principal traders and new traders together to create a win-win crypto trading experience for everyone. Even with the best crypto copy trading platforms and strategies, you’re less likely to develop and rely on your own trading strategies. Since copy trading makes profiting from crypto so easy, it doesn’t provide traders with much incentive to study, learn, and grow as profitable traders themselves.

Users who hold or stake COV will get an up to 75% discount on their trading fees. Gate.io’s blog always posts updates about new products and features added for the platform. Having consistent updates is important because it enhances the user experience and the platform’s performance overall. In 2014, eToro became the first trading platform to support cryptocurrencies when it added bitcoin support. You can set stop loss and take profit limits to secure your trading profits and limit your losses. The eToro is one of the best social and copy trading systems ideal for beginner users who prefer to stick to more simple usability.

Selecting the best copy trading platform is not as easy as you may think. You need to consider many factors while selecting your copy trading software. All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment.

Additionally, they can overview IBs ranks, stats, and other insights to decide if a chosen crypto copy trader is a good one to follow. Copy trading crypto is growing in popularity together with BTC jumping to its highest high of all times reaching $64,000. This fact makes beginners and novice traders more and more attracted by the asset. They are eager to participate in the cryptocurrency trading rush. They expect to get easy profit but do not have at least a baseline understanding of the crypto market. MetaTrader 5 offers desktop, web, and mobile versions of the platform.

It seems like everyone is investing and trading crypto right now, and some are striking it rich. However, buying and selling crypto successfully involves a lot of research, practice and moving parts. The biggest drawback of this trading method is that you have to mirror everything. You can’kaki langit pick and select the signals you want to follow. The biggest drawback of this trading method is that you need to constantly monitor the market’s flow and decide on spesifik trade trends. This copy trading podium also offers the FXTM Invest service for a minimum deposit of $100.

The word is out, and the question of whether crypto copy trading is profitable has been answered by the masses. Today, it seems like everybody is jumping into crypto to try and strike it rich or make a quick buck. Successfully trading crypto often requires many hours of time and research.

You may see how many are already following and copying their positions. The WunderTrading platform supports several top crypto exchanges, including Binance, FTX, FTX US, Kraken, KuCoin, Bybit, OKX, Deribit, and more. However, what really stands out with WunderTrading is its wonderful user interface. It’s simple, clean and shockingly easy to use, even for the greenest of greenhorns.