Best Forex Copy Trading Platforms For 2025

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Go to broker’s website Plus500 Overview

If you're too busy to read the entire article and want a quick answer, the best Forex copy trading platform is Plus500. Why? Here are its key advantages:

Is legit in your country (Identified as United States )
Has a good user satisfaction score 6.83 out of 10
Has an intuitive, user-friendly interface and positive user reviews.
Offers a large community of traders to choose from.
Minimum risks and capital protection

Go to broker’s website Plus500 Overview

Below, we'll explain in more detail why we believe this and how brokers were evaluated.

Best Forex copy trading platforms are:

Pepperstone - Best for scalping strategies (spread from 0 pips)
OANDA - Best for trading with advanced technical analysis tools (TradingView charts support)
FOREX.com - Diverse range of tradable assets (80+ currency pairs)
IG Markets - Favorable Forex trading conditions (0 fees, avg. EUR/USD spread - 0.8)
Thinkorswim - Best for trading based on technical analysis (most advanced charting platform)

Copy trading remains a popular method for those who want to participate in the Forex market without actively managing trades. In 2025, various platforms stand out, each offering unique features and functionality to help you mirror the strategies of experienced traders. We have compiled an overview of the best platforms for copy trading on Forex, making it easier to select the right one for your financial goals and risk tolerance.

Best copy trading Forex platforms

When choosing a Forex copy trading platform, it's important to consider factors like how reliable the platform is, how easy it is to use, the terms for copying trades, and how well it protects your investment. The platforms we're discussing are well-regarded in the trading community and offer a range of strategies to fit different investment goals. The comparison table below can help you find the platform that best matches your needs for successful copy trading.

Best copy trading Forex platforms
	Currency pairs	Min. deposit, $	Open account
Pepperstone	90		Open an account Your capital is at risk.
OANDA	68		Open an account Your capital is at risk.
FOREX.com	80	100	Study review
IG Markets	80	1	Study review
Thinkorswim	82	2000	Study review

What is a copy trading?

Copy trading is a type of social trading that is gaining popularity. This method is primarily aimed at beginners, allowing them to automatically or manually copy the trades of more experienced traders in the Forex market and other financial markets.

Copy trading platforms allow you to follow traders and start copying their trades using part or all of your capital. Each action of the trader, such as opening positions or setting stop losses and take profits, is automatically duplicated in the copier's account. Some platforms allow you to create a portfolio of several signal providers.

Many platforms also let you diversify by following multiple traders, and you have the freedom to stop copying someone whenever you choose, allowing you to trade on your own or select a different trader to follow.

Makes it easier for beginners to access financial markets.
Enables you to potentially earn returns similar to experienced traders without dedicating extensive time.
Some platforms have a low starting point, requiring as little as $200.
Provides an opportunity to learn trading strategies by observing experienced traders' decisions in real-time.

Just because a trader has been successful in the past doesn't mean they'll continue to be.
The risks involved are similar to those you'd face if you were trading on your own.
Some top traders might charge high fees, sometimes between 30-50%.
There is a risk of following traders who might make emotional or impulsive decisions that can negatively impact your investments.

How to start copy trades?

When getting started with copy trading, focus on two crucial aspects.

Choosing a platform for copy trading. When you're starting with copy trading, it's crucial to pick a broker that's both trustworthy and suits your needs. Look for brokers regulated by well-known authorities to ensure your investments are protected. Also, compare what each broker offers, especially if you're interested in copy trading. Some brokers provide user-friendly platforms with features tailored for copying trades, which can make your experience smoother.
Understanding copy trading fees. While some platforms let you copy trades without extra charges, others might have fees. These fees can vary, sometimes being a percentage of the profits you make from copied trades. It's essential to read the fine print and understand any costs involved, as they can affect your overall returns.
Selecting the right trader to copy. Choosing who to copy is a big decision. Instead of going for traders with flashy short-term gains, look for those with a steady track record over time. Consistent performance with minimal large losses is a good sign of a reliable trader.
Additional costs. Remember, profitability isn't the sole factor. Consider the broker's spread (difference between buy and sell prices) and any commissions that might eat into your returns, even if the trader you're copying shows consistent profits. Make sure to factor these into your decision.
Managing risk in copy trading. Many platforms offer tools to help manage risk. For example, you can set limits so that if a trader you're copying starts losing beyond a certain point, the system will stop copying them automatically. It's also wise to diversify by copying multiple traders. This way, you're not relying on just one person's performance. This helps spread your risk and reduces dependence on any single trader's performance.
Monitor performance. Don't set your copy trading strategy and forget it. Regularly monitor the performance of the traders you're copying. This allows you to identify any changes in their strategy or performance that might necessitate adjustments to your copy trading activity.

How much money do you need to make money copy trading

Getting into copy trading doesn't require a huge investment. The amount of money you need to copy trades can vary depending on the platform you use and the strategy you choose. Some platforms have minimum deposit requirements that can range from a few dollars to several thousand dollars.

In general, it’s a good idea to have at least $100-$400 to use for copy trading, as this will allow for some diversification and reduce the risk of putting all your eggs in one basket. However, on some platforms, you can get started with as little as $10.

It’s important to remember that copy trading comes with risks, just like any other type of investment. While it can be a good way to potentially make a profit without having to research and analyze the markets yourself, it’s important to carefully weigh the risks and only invest money you can afford to lose.

Mastering copy trading go beyond profit numbers and diversify for stability

When diving into copy trading, don’t just chase traders with the highest profit numbers—dive into how they make those profits. Analyze the timeframes they trade on and how they handle sudden market shocks. A trader who does well in both short-term volatility and long-term trends likely has a well-rounded strategy. Keep an eye out for traders who use multi-currency exposure. If they manage different currency pairs well, it indicates a robust and flexible trading approach that can safeguard you from sudden shifts in any single market.

Also, understand the platform’s specific mechanics. Some platforms have hidden fees or delays that can drastically alter your expected returns. Make sure the traders you’re copying take these execution nuances into account. Plus, consider pairing traders who use different strategies. For example, if one trader focuses on trend-following and another is great at counter-trend setups, they might complement each other perfectly. This way, you’re not overly exposed to a single market condition, and you spread your risk in a smart way that keeps your returns more predictable.

Methodology for compiling our ratings of Forex brokers

Traders Union applies a rigorous methodology to evaluate brokers using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include:

Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Brokers are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Brokers are assessed based on the variety, quality, and features of platforms offered to clients.
Other factors like brand popularity, client support, and educational resources are also evaluated.

Find out more about the unique broker assessment methodology developed by Traders Union specialists.

Conclusion

Copy trading can be a game-changer for beginners if done thoughtfully. Don’t just jump in; take time to research and understand the traders you’re copying. Check how transparent and reliable the platform is, and make sure the traders you follow are clear about their strategies and risk management. Be aware of the fees involved—these can cut into your profits more than you expect. And remember, diversification isn’t just a buzzword; spreading your investments across a few solid traders can keep your portfolio steady. Approach this with an open mind and a willingness to learn, and you’ll be setting yourself up for long-term success.

FAQs

How to tell if a trader is using a reliable copy trading strategy?

Assess the trader's overall performance, focusing on both profitability and the risk-reward ratio. Examine how they handle drawdowns and maintain account stability during volatile periods. Consistent long-term results are indicative of a dependable strategy.

Is it possible to reduce risks in copy trading, and if so, how?

To reduce risks, use diversification - copy several traders with different strategies. This helps to distribute capital and minimize the impact of possible losses of one trader on the entire portfolio.

What types of fees can copy trading have, and how do they affect profits?

Copy trading platforms may charge various fees, including management fees, performance fees, and trading execution fees. It's important to consider the total percentage of these costs, as they can significantly reduce profits, especially with higher trading volumes.

How to avoid mistakes when choosing a trader to copy?

Be cautious of traders who exhibit exceptionally high profitability over short periods, as this may indicate high-risk strategies. Opt for traders who demonstrate consistent performance, employ sound risk management practices, and maintain a transparent trading history.

Team that worked on the article

Maxim Nechiporenko has been a contributor to Traders Union since 2023. He started his professional career in the media in 2006. He has expertise in finance and investment, and his field of interest covers all aspects of geoeconomics. Maxim provides up-to-date information on trading, cryptocurrencies and other financial instruments. He regularly updates his knowledge to keep abreast of the latest innovations and trends in the market.

Learn about our editorial policies

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Take-Profit

Take-Profit order is a type of trading order that instructs a broker to close a position once the market reaches a specified profit level.

Scalping

Scalping in trading is a strategy where traders aim to make quick, small profits by executing numerous short-term trades within seconds or minutes, capitalizing on minor price fluctuations.

Cryptocurrency

Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.

Extra

Xetra is a German Stock Exchange trading system that the Frankfurt Stock Exchange operates. Deutsche Börse is the parent company of the Frankfurt Stock Exchange.

Risk Management

Risk management is a risk management model that involves controlling potential losses while maximizing profits. The main risk management tools are stop loss, take profit, calculation of position volume taking into account leverage and pip value.

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