Copy trading is a novel investing strategy in which users replicate the trading activity of other investors. Instead of copy trading, the term “social trading” is sometimes used. Copy trading is an excellent way to get your feet wet in the markets because it allows you to learn from and replicate the trades of more experienced investors. In this article, we will go over the best copy trading platforms.
The IC Market:
IC Market is a broker based in Australia that offers copy trading via cTrader and ZuluTrade. IC Markets’ raw spreads start at 0 pips (depending on account type) and are ideal for Forex CFD trading. They provide three account types. The initial deposit is $200, and there are no inactivity fees.
Our analysis and testing have shown that their runtimes are very quick. With IC Markets, you can trade CFDs on currency pairs, indices, bonds, crypto, stocks, and futures.
Next on our list is Vantage FX. Vantage FX was founded in 2009 and is regulated by the VFSC, ASIC, and CIMA. The minimum deposit is $200, and there are no deposit fees. They provide leverage up to 500:1 and spreads starting at 0.0 pips. MetaTrader4 and MetaTrader5 are two Vantage FX platforms. DupliTrader, ZuluTrade, and MyFXBook Autotrade are the Vantage FX copy trading platforms.
OctaFX was established in 2011 and is currently available in over 150 countries. They are available in the EU and Asia but not the United States. The OctaFX trading platform is well-designed, intuitive, and simple to use, and it includes excellent educational materials. CySEC regulates the company.
OctaFX Copytrading is only available for Android or as a web-based platform. You can narrow down your search for expert traders based on metrics like performance, risk score, number of copycats, gain, and commissions. OctaFX offers some of the most affordable commission rates among brokers. They also guarantee there will be no slippage or requotes of Forex pairs.
When it comes to copy trading in the forex market, AvaTrade is your best option. Avatrade was founded in 2006 in Dublin, Ireland. It is a Forex and CFD broker that is well-regulated. They are authorized to operate by the Financial Conduct Authority (UK), the Australian Securities and Investments Commission (Australia), the Financial Services Authority (Israel), and the Financial Futures Association of Japan (Japan).
There’s a $100 minimum opening deposit, low trading fees, and a practice account to try it out. AvaTrade is a broker that allows you to trade Contracts for Difference (CFDs) on currency pairs, stocks, commodities, FXOptions, cryptocurrencies, indices, exchange-traded funds (ETFs), and bonds.
Avatrade has developed a proprietary copy trading platform called AvaSocial for Social Copy Trading. AvaSocial allows you to replicate the trades of a wide range of traders. The mobile app is simple and intuitive, providing a positive user experience. In addition to AvaSocial, they provide DupliTrade and ZuluTrade for social trading
3 Best Trading Platforms in Australia:
Australians who want to trade stocks on the stock exchange have several options. Online brokers provide a wide range of services, from low-cost to full-service, while others are known for their trading tools or research.
According to Wikipedia, the Australian Stock Exchange (ASX) is the 16th largest in the world, with a total market capitalization of $1.44 trillion. Depending on the broker, Australians can also trade on some of the world’s largest exchanges, such as the NASDAQ in the United States. The Australian Securities and Investments Commission regulates Australian brokerages (ASIC). In this article, we will discuss Best Trading Platform Australia.
Markets for CMC:
CMC Markets provides Australian investors access to a vast array of products, excellent pricing, and a cutting-edge trading platform that includes advanced trading tools and charting through its offices in major global financial centers subject to regulatory oversight. CMC Markets has also been named Canstar’s Broker of the Year thrice in a row.
IG, founded in 1974 and is widely regarded as one of the most trustworthy brokers in the world, provides Australian traders with low-cost share trading and excellent trading tools, research, beginner trading videos, and access to over 8000 international share CFDs.
Nabtrade provides investors various services, including domestic and international trading at low commission rates, real-time streaming, company stock, research, a global scanning tool, and user-customizable charts. However, Nabtrade’s mobile app has received poor reviews in both the Apple App Store and the Google Play Store.