Collective2 Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • WebTrader
  • MetaTrader4
  • MetaTrader5
  • NinjaTrader 7
  • NinjaTrader 8
  • TradeStation 9.5
  • TradeStation 10.0
Regulation:
  • NFA
  • CFTC

Collective2 Review 2024

Updated:
Updated: October 06, 2023

6.01

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $1

Trading platform:

  • WebTrader
  • MetaTrader4
  • MetaTrader5
  • NinjaTrader 7
  • NinjaTrader 8
  • TradeStation 9.5
  • TradeStation 10.0
Leverage:
  • Up to 1:1000
Trading features:
  • Access to auto copying of transactions made by the clients on the partner brokers’ accounts

Summary of Collective2 Trading Company

Collective2 is a moderate-risk broker with the TU Overall Score of 6.01 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Collective2 clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. Collective2 ranks 31 among 79 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

Collective2 is a reliable brokerage company providing professional trading opportunities in the stock markets. Free training videos and articles are available to novice traders.

The Collective2 brokerage company started its operations in 2001. It was founded by the American businessman Matthew Klein. It is a member of the NFA 0401602 (National Futures Association) and is regulated by the CFTC (Commodity Futures Trading Commission). The company is headquartered in New York. Today, Collective2 is a global platform that unites successful traders and investors who prefer to make money from sharing trading strategies. The broker provides services for over 100,000 active and passive clients in the stock market.

💰 Account currency: EUR, USD
🚀 Minimum deposit: From $0; subscription costs start at $19 per month
⚖️ Leverage: Up to 1:1000
💱 Spread: No commissions for stock market instruments
🔧 Instruments: Currencies, assets of stock and commodity markets
💹 Margin Call / Stop Out: No

👍 Advantages of trading with Collective2:

  • The broker is registered with the Commodity Futures Trading Commission that regularly monitors its business transactions concerning its clients.
  • The commission paid to the managing traders for their trading strategies is 50%.
  • If necessary, you can make trades by phone.
  • Collective2 technology is compatible with 16 brokers.
  • By popular demand, the broker integrated multiple trading platforms.
  • Weekly webinars feature highly topical Forex issues.

👎 Disadvantages of Collective2:

  • There are no cent accounts.
  • You can’t withdraw funds using e-payment systems.
  • Sometimes you have to wait for a long time for a response from the support team.

Evaluation of the most influential parameters of Collective2

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

4.97

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

7.41

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

7.05

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

6.83

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

6.99

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

7.35

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

7.57

/10

Geographic Distribution of Collective2 Traders

Popularity in

65.26%
US
United States
10.81%
MX
Mexico
4.49%
CH
Switzerland
0.1%
IL
Israel
0.64%
CA
Canada
0.6%
RU
Russian Federation
0.6%
ES
Spain
0.2%
IN
India
0.9%
HK
Hong Kong
4.58%
Others
Others

User Satisfaction i

18 comments
Total score:
6.3 /10

Share your experience

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msprosper
2 years ago

I opened an account with Collective2 recently and found it interesting to work with different trading platforms and evaluate their convenience. I have not yet realized how Collective2 meets my needs, although the platforms are interesting, and some assets are familiar to me, but the commissions are surprising. The minimum deposit is not high, but the monthly service fee raises questions. I have never met such a brokerage before. Well, it's also difficult to consider Collective2 for futures trading because to trade not only futures but also stocks, you need to replenish your account with at least $10,000. This is not acceptable to me right now.

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subha
2 years ago

Without false modesty, I can say that I have experience of successful trading in financial markets and I am ready to share it with everyone for free. On Collective2, I saw an opportunity for a small fee to help those who need my knowledge only in the form of passive income. I mean earnings on public trade. I work as before, but I receive additional dividends for automatically copying my trades by those investors who connect to my account. It’s good for everyone: people make a profit without making any effort, and I get a small percentage of the profit from my operations. I strongly recommend the service to investors and signal providers, no one will be left in the red.

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parkerray
2 years ago

I have been working with Collective2 for two years, and I would like to share my experience. First, the broker is relatively versatile: it will do for beginners, but for those who are already versed in trading and understand what they need for effective trading, it is not necessarily suitable. Many people start with Collective2, but later move on to other companies, as the broker charges a monthly plan fee, while the market is full of brokers with a free service. However, for those who love automated trading, I recommend it. There are sufficient automated trading strategies, and Collective2 also cooperates with developers.

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AbiYusuf
2 years ago

One of the few really reliable companies that pays profits normally and does not trade against a client. True, the conditions are not the most favorable, it turns out, but reliability is more important than tempting conditions. Of the advantages, I will also single out a large number of ways to replenish and withdraw funds.

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Wien_Harlin
2 years ago

I started my trading in Collective2, tried other brokers, but returned here. I have a Premium package, so the minimum deposit cost me over $50,000. But I understand what I'm paying for. There have never been any problems with quotes here, and there is access to a wide range of stock assets. Market research tools are also good, I think. Collective2 is monitored by two regulatory agencies, so there are no questions about reliability. For replenishment and withdrawal, I use PayPal, and money is credited in a matter of minutes.

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peterxxx
3 years ago

I chose Collective2 because there are not many stockbrokers that set such a low level for the minimum deposit. In the same way, it is captivating that the company can use automatic trading systems directly from developers. The fact that Collective2 has almost no training materials does not scare me: data, in any case, needs to be collected from different sources. It is impossible to replenish an account or withdraw earnings through electronic payment systems and that is a minus for me. PayPal does not suit me.

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highreturnsbiz
3 years ago

Currently satisfied with the terms of cooperation with Collective2. At least they haven't let us down yet. I always withdraw without delay. The platform really hung up for a while, but not critical.

Expert Review of Collective2

Since beginning its operations in the stock market, Collective2 has proven itself to be the best platform for both novice and professionals traders. If you wish, you can link your trading account to another broker and trade from the other broker’s platform. This is an undoubted advantage for some. Collective2 offers favorable terms for professional traders who are willing to broadcast their successful strategies for use by copy traders, active traders, and passive investors.

Collective2 cooperates with 16 well-known stock and Forex brokers, including Interactive Brokers, Gain Capital, AMP Clearing, and eOption. If you opened an account here, you can use the popular trading platforms MetaTrader 4 and 5, WebTrader, NinjaTrader, and TradeStation.

The brokerage company Collective2 has been operating for over 20 years, and during this time there have been no claims from regulatory authorities or significant complaints from customers. The broker remains at the top of the ratings for its specialized genre thanks to its well-focused team of employees who have mastered the concept of mutually beneficial cooperation.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of Collective2’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets, and Products of the Broker

Collective2 employs a team of professionals. The company's website offers dozens of successful traders’ strategies with the ability to monitor and copy trades automatically. Just choose a suitable strategy, apply on the trade.collective2.com website, and Collective2 will contact the broker specified during registration to activate the trading account.

Collective2 is a unique broker from which to copy trades

Collective2 invites traders to get income via public trading in real-time. If the results are impressive, then you can subscribe to auto copying trades for the percentage set by the profitable strategy developer.

Investment features of Collective2:

  • You don’t have to trust the trader with your capital, but decide when to trade and what instruments to use.

  • Copy trading is conducted on your account.

  • You can evaluate the profitability of the trading strategy chosen and the trader's tactics using the online monitoring system.

  • Most of the popular partner broker platforms can be connected to the Collective2 terminal.

You can start your own trade at any time. To do this, just change the settings in your personal account, name your strategy, and register it. If the publicly available results are very good, the other traders will soon flock to your strategy and copy trades.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Affiliate program from Collective2

  • “Member gets member”. You will get a free service during the month for each new client who has been invited by you, has registered, and has started cooperation. Also, the referral can work without a monthly fee during the first month.

Thus, novice and existing customers of the company can reduce trading fees for copying trades and by participating in the Collective2 affiliate program.

Trading Conditions for Collective2 Users

Collective2’s trading terms are some of the most attractive among the securities offered on the market. But several profitable packages depend on the instrument or function selected. There is a 15% discount if you pay for the annual plan all at once. Subscription prices for copy strategies range from $20 to $200 per month. A lot of strategies offer free trial periods. Monthly plans are priced at $19, $39, or $99 per month.

$1

Minimum
deposit

1:1

Leverage

5/8

Support

💻 Trading platform: WebTrader, NinjaTrader 7, NinjaTrader 8, MetaTrader 4, MetaTrader 5, TradeStation 9.5, and TradeStation 10.0
📊 Accounts: Demo, Starter, Basic, Premium
💰 Account currency: EUR, USD
💵 Replenishment / Withdrawal: PayPal, bank transfers, bank cards
🚀 Minimum deposit: From $0; subscription costs start at $19 per month
⚖️ Leverage: Up to 1:1000
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: No commissions for stock market instruments
🔧 Instruments: Currencies, assets of stock and commodity markets
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: Not indicated
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: No
⭐ Trading features: Access to auto copying of transactions made by the clients on the partner brokers’ accounts
🎁 Contests and bonuses: Yes

Collective2 Commissions & Fees

Information
The experts at Traders Union examined Collective2 for explicit and hidden commissions and found the following. The broker provides a two-week trial period. After it expires, you should purchase one of the packaged services. It cost from $19 to $99. Moreover, the company charges a trade opening fee of 2%. There is no commission for opening an account, replenishing a deposit, or withdrawing funds from Collective2.
Account type Spread (minimum value) Withdrawal commission
Starter From $2 No
Basic From $2 No
Premium From $2 No

Payment systems may charge a withdrawal fee. The fee amount charged by EPS and banks is not indicated on the company's website. We’ve selected several brokers that offer services for trading in the stock market. The results are below:

Broker Average commission Level
Collective2 $2 Low
Charles Schwab $11 High
Ally Bank $4 Medium
Logo Collective2
$2
$11
$4

Detailed Review of Collective2

Since its first days, Collective2 has been a leader among brokers that provide services in the stock markets. Tools for market analysis and successful trading are constantly being introduced and updated based on proprietarily developed Smart Portfolios. With its help, you can monitor the trading strategies of successful traders and conduct automated trading. An API interface has been created especially for software developers.

Some useful information on Collective2 for those who have not yet decided to cooperate with this broker. It has:

  • About 100,000 active clients.

  • Over 20 years on the market.

  • Over $90 million in investments.

The Collective2 broker is the best choice for auto trading

The company's website allows you to copy trades from experienced traders in automatic mode. Choose one strategy from the many available strategies, pay the subscription fee, and get access to the platform’s system of monitoring and its analytics. The uniqueness of the offer lies in the fact that you can remain a client of your broker and work on your usual trading platform, where the trades will be copied.

You can manage your capital yourself and can stop trading at any time since all transactions are made directly on your account. Collective2's proprietary developments allow you to instantly copy trades to the client's account. If it is more convenient for you to use mobile devices, the versions based on iOS and Android are also available. Clients can use the WebTrader, NinjaTrader 7/8, MetaTrader 4/5, and TradeStation terminals.

Extra services from Collective2:‌

  • A forum for traders and investors, where you can discuss current issues with colleagues.

  • A set of charting tools from the company's developers.

  • The ability to get trading signals via SMS.

Advantages:

1

Free access to fundamental analysis.

2

A set of extra tools for technical analysis.

3

A demo account is available.

4

You can study strategies online in detail before connecting to the copying app.

5

Access to an unlimited number of strategies.

You do not need to trust your capital to a managing trader since you manage your own funds and set acceptable risk parameters yourself.

How to Start Making Profits — Guide for Traders

The Collective2 broker offers three types of accounts, which differ in the size of the maximum deposit, the cost of the subscription, and the set of instruments available for trading.

Types of accounts:

Account Type
Description
Starter
This is an account for working with futures. The starting model portfolio size is $10,000. The Collective2 web interface and email technology are supported. The monthly subscription price is $19.
Basic
is an account that allows you to trade options, stocks, and futures. Deposit up to $50,000. A web terminal and connection to the broker's trading platforms are available. Customer support is provided by email and online chat. The price of the subscription plan is $39 monthly.
Premium
is an account for trading stocks, options, futures, and Forex instruments. The maximum deposit is $250,000. Account-holders gain access to extra telephone support. The subscription price is $99 per month.

Collective2 offers a 14-day free trial to a demo account to test the terms and the broker’s services in real-time.

Collective2 is a company using an innovative approach to trading in the stock market and applies its proprietary developments. It enables traders and investors to make money using auto copying.

Bonuses Paid by the Broker

Traders get up to 50% of paid trading commissions from connected investors who replicate a successful strategy

The subscription fee for Auto Trading shall be set by the trader himself.

Collective2 Bonuses - Up to 50% of trading commissions
Collective2 Bonuses - Up to 50% of trading commissions

Discount of 15% for an annual subscription

Collective2 Bonuses - 15% for an annual subscription
Collective2 Bonuses - 15% for an annual subscription

Bonus program: "Member gets member"

It allows you to get 1 month of free service for each client invited.

Collective2 Bonuses - "Member gets member” bonus program
Collective2 Bonuses - "Member gets member” bonus program

Investment Education Online

Information

The company's website provides novice traders and investors a series of training videos, professional analytics, and regularly scheduled webinars. Also, there is a forum to get advice from experienced traders.

Information available in the Resources section
information not available on the Collective2 website
Economic calendar
Glossary of stock market terms
Strategy Scoring Workbench Graphical Tools
Stock Exchange Trading Fundamentals
Strategy statistics
Descriptions of functionalities available on trading platforms
 
Technical analysis

All presented material can be tested on a demo account.

Security (Protection for Investors)

Information

Since 2008, Collective2 has been a member of the National Futures Association (NFA) and is regulated by the Commodity Futures Trading Commission (CFTC) under the commodity exchange laws.

The CFTC is a government body and was created to protect market participants from fraudulent activities of brokers, which ensures that the regulated broker performs its functions properly and lawfully.

👍 Advantages

  • Competent methodology for the maximum drawdown calculation
  • Most of the clients’ funds are stored in a separate bank account
  • Partnerships with regulated brokers only

👎 Disadvantages

  • Full identity and billing verification required
  • Limited range of available payment systems

Withdrawal Options and Fees

  • Account replenishment and the transfer of funds will be made immediately after the request is received. The number of requests is unlimited. In case of funds withdrawn through a payment system, the transaction shall charge the commission established by the payment system.

  • Withdrawals are available via PayPal, bank transfer, and bank cards.

  • Withdrawals and deposits shall be made in EUR and USD.

  • Withdrawals via PayPal are made within a few minutes; bank transfers take from 3 to 5 business days. 

  • Go through verification to deposit and withdraw funds.

Customer Support Service

Information

Customer service is available Monday through Friday from 9:00 AM to 4:00 PM (EST).

👍 Advantages

  • You can ask a question on Twitter
  • Email support is available

👎 Disadvantages

  • Working hours with breaks and days off
  • There’s no a call back option

Depending on the account type chosen, the available communication channels with customer support specialists include:

  • via email;

  • via online chat (for Basic and Premium packages);

  • via phone call (only for Premium account holders);

  • via Twitter.

If there are no operators in the chat room, summit a written question and a response will be sent by email.

Contacts

Foundation date 2016
Registration address 228 Park Ave S #93926 New York,10003-1502
Regulation
Official site
Contacts

Review of the Personal Cabinet of Collective2

To start working with Collective2, go to the broker's website and follow these steps:

1

Click the Create Account button in the upper right corner.

Collective2 Review - Create account
Collective2 Review - Create account
Collective2 Review - Create account
2

There is an option for quick registration via social media or email. In the second case, enter the address and create a password. Indicate whether you are planning to cooperate as a trader or investor. After receiving the letter, confirm the registration and enter the website using your personal data. Thereafter, verify your account.

3

The following settings are available in the Collective2 personal account:

1. Filling in the profile:

Collective2 Review - Filling out a profile in the personal account
Collective2 Review - Filling out a profile in the personal account

2. Saving bank card details:

Collective2 Review -  Saving details in the personal account
Collective2 Review - Saving details in the personal account

1. Filling in the profile:

Collective2 Review - Filling out a profile in the personal account
Collective2 Review - Filling out a profile in the personal account

2. Saving bank card details:

Collective2 Review -  Saving details in the personal account
Collective2 Review - Saving details in the personal account

Moreover, in the personal account you can:

  • Manage subscriptions.

  • Connect data transfers from a partner broker.

  • Design a portfolio for investors.

  • Contact a technical support representative.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the Collective2 rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Collective2 you need to go to the broker's profile.

How to leave a review about Collective2 on the Traders Union website?

To leave a review about Collective2, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Collective2 on a non-Traders Union client?

Anyone can leave feedback about Collective2 on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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