Independent forex broker comparison·Data checked Trading is risky. Most retail CFD accounts lose money.
EUR/USD typical
Interactive Brokers0.1+$4OANDA0.1+$5HFM0.0+$6Vantage0.0+$6Exness0.0+$7FOREX.com0.0+$7FP Markets0.1+$6CMC Markets0.7pipsIC Markets0.1+$7XM0.1+$7tastyfx0.8pipsPepperstone0.1+$7Saxo0.8pipsIG0.9pipsAvaTrade0.9pipsXTB0.9pipsOcta0.9pipseToro1.0pipsCharles Schwab1.2pipsPlus5001.3pips

6 brokers compared · 2026

Best copy trading platforms

Copy trading lets you automatically mirror the trades of other investors. It can be a useful way to learn, but past performance does not guarantee future results and you remain responsible for your risk.

By the FXBroker research desk · Updated · Advertiser disclosure

  1. 01eToroThe original CopyTrader with the largest community.
  2. 02XMBuilt-in copy trading on MT4/MT5 accounts.
  3. 03ExnessExness Social Trading app.
  4. 04HFMHFcopy with transparent strategy stats.
  5. 05VantageCopy trading built into the Vantage app.
  6. 06AvaTradeAvaSocial, DupliTrade and ZuluTrade.
#BrokerScoreEUR/USDRaw / lotMin. dep.RegulatorsPlatformsLinks
01 eToroCopy trading and social investing 4.2 1.0pips n/a $50 FCACySECASIC+2 Own platform VisitReview
02 XMBeginners funding a small first account 4.1 1.6pips $8all-in $5 CySECASICDFSA+2 MT4MT5 VisitReview
03 ExnessInstant withdrawals and very high leverage 4.1 1.0pips $7all-in $10 FCACySECFSCA+3 MT4MT5 VisitReview
04 HFMAfrican and Asian traders who want local payments 4.1 1.4pips $6all-in $0 FCACySECFSCA+4 MT4MT5 VisitReview
05 VantageRaw ECN pricing with TradingView 4.2 1.2pips $6all-in $50 ASICFCACIMA+2 MT4MT5TradingView VisitReview
06 AvaTradeBeginners who want fixed-style spreads and vanilla FX options 4.3 0.9pips n/a $100 CBIASICFSCA+4 MT4MT5 VisitReview

Spreads are typical values during liquid hours and change constantly. Raw / lot = raw EUR/USD spread converted at $10 per pip plus round-turn commission. Data checked October 2026. How we score.

01

eToro

The original CopyTrader with the largest community.

4.2/5

eToro is the best-known social trading platform. Its CopyTrader feature lets you automatically mirror other investors, and one account covers stocks, ETFs, crypto and CFDs on forex. Forex spreads are higher than specialists, and there is no MetaTrader.

Pros

  • Market-leading copy trading
  • Very easy to use for beginners
  • Stocks, ETFs, crypto and forex in one account

Cons

  • Forex spreads are wider than ECN brokers
  • $5 withdrawal fee and currency conversion fees
EUR/USD
1.0 pips
Raw / lot
n/a
Min. deposit
$50
Regulators
FCACySECASICFSRA (ADGM)+1
Platforms
eToro Web, eToro App
02

XM

Built-in copy trading on MT4/MT5 accounts.

4.1/5

XM is one of the most popular forex brokers worldwide, especially in Asia, Africa and Latin America. A $5 minimum deposit, micro lots, frequent webinars and a well-built mobile app make it beginner-friendly, while the XM Zero account offers raw pricing for more active traders.

Pros

  • Very low $5 minimum deposit and micro accounts
  • Excellent free education, webinars and daily analysis
  • MT4 and MT5 on every account type

Cons

  • Standard account spreads are wider than raw-spread rivals
  • No cTrader or native TradingView trading
EUR/USD
1.6 pips
Raw / lot
$8.0
Min. deposit
$5
Regulators
CySECASICDFSAFSCA+1
Platforms
MT4, MT5, XM App
03

Exness

Exness Social Trading app.

4.1/5

Exness is one of the highest-volume retail brokers in the world, known for automated instant withdrawals, tight spreads on gold and majors, and very high leverage for eligible offshore clients. It is especially popular in South Africa, Asia and the Middle East.

Pros

  • Automated instant withdrawals on most payment methods
  • Tight spreads on gold (XAU/USD) and major pairs
  • Low $10 minimum deposit on Standard accounts

Cons

  • Most retail clients are served by offshore entities
  • Smaller product range than multi-asset brokers
EUR/USD
1.0 pips
Raw / lot
$7.0
Min. deposit
$10
Regulators
FCACySECFSCAFSA (Seychelles)+2
Platforms
MT4, MT5, Exness Terminal, Exness Trade App
04

HFM

HFcopy with transparent strategy stats.

4.1/5

HFM (formerly HotForex) is a popular broker in Africa and Asia, with FSCA, FCA and CySEC regulation, local payment methods and a Zero account for low-cost trading. HFcopy offers built-in copy trading.

Pros

  • FSCA and CMA licences for African traders
  • Zero account with raw spreads
  • HFcopy social trading

Cons

  • Standard account spreads are average
  • No cTrader or TradingView
EUR/USD
1.4 pips
Raw / lot
$6.0
Min. deposit
$0
Regulators
FCACySECFSCADFSA+3
Platforms
MT4, MT5, HFM App
05

Vantage

Copy trading built into the Vantage app.

4.2/5

Vantage is an Australian-founded multi-asset broker with ASIC and FCA regulation, Raw ECN pricing at $6 round turn, TradingView integration and an in-app copy trading platform.

Pros

  • Raw ECN account with $6 round-turn commission
  • TradingView and MT4/MT5
  • Built-in copy trading in the Vantage app

Cons

  • Most international clients use the offshore VFSC entity
  • Research is limited
EUR/USD
1.2 pips
Raw / lot
$6.0
Min. deposit
$50
Regulators
ASICFCACIMAVFSC+1
Platforms
MT4, MT5, TradingView, Vantage App
06

AvaTrade

AvaSocial, DupliTrade and ZuluTrade.

4.3/5

AvaTrade is an Irish broker regulated in seven jurisdictions. It offers MT4, MT5, its own AvaTradeGO app and AvaOptions for vanilla FX options, plus copy trading through DupliTrade and AvaSocial.

Pros

  • Regulated by the Central Bank of Ireland and ASIC
  • Vanilla FX options via AvaOptions
  • Strong education and AvaProtect risk tool

Cons

  • Inactivity and annual administration fees
  • No raw-spread account
EUR/USD
0.9 pips
Raw / lot
n/a
Min. deposit
$100
Regulators
CBIASICFSCAJFSA+3
Platforms
MT4, MT5, AvaTradeGO, WebTrader

How we chose these brokers

Copy features
Strategy discovery, risk controls and transparency of results.
Fees
Performance fees, subscription fees and spreads.
Regulation
Tier-1 licences.
Ease of use
Mobile experience and onboarding.

Scores use our standard methodology. Rankings on this page also weight the specific criteria above.

Frequently asked questions

Is copy trading profitable?

It can be, but many copied strategies lose money. Diversify across providers and use stop-loss limits.

Is copy trading legal?

Yes, with a regulated broker. Some jurisdictions limit copy trading for retail clients.

How much do I need to copy trade?

eToro’s minimum per copied trader is $200; broker-integrated services often start lower.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly. Between roughly 60% and 89% of retail investor accounts lose money when trading CFDs, depending on the provider. Consider whether you understand how they work and can afford to lose your money. Read the full risk warning.