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Do you want to know which are the top three forex copy trading platforms in 2019? If yes, then you should keep on reading as this article will provide you the most detailed information on these three platforms. Are you ready?

Let’s being with the most prominent copy trading website in the world.

ZuluTrade
zulutrade

This platform was founded in 2007 by Leon Yohai and Kosta Eleftheriou. The idea behind this project was the desire of Leon Yohai to develop software that will allow him to copy the trades of the most successful traders.

The company became both legitimate and respected among experienced traders after it was awarded an EU Portfolio Management License from the European Union in 2015.

Why traders choose the ZuluTrade platform?

  • Total transparency: All trades are available at ZuluTrade
  • Access to a broad range of performance indicators as well as graphs
  • A wide choice of traders to follow and copy their strategies, as well as brokers 
  • Reliable and easy-to-use mobile applications that work with both iOs and Android devices
  • Free demo account available for all ZuluTrade users
  • Minimum deposit: Depending on the broker users use ZuluTrade could require a minimum deposit of just $1, or much more – $300, €250, or 300 AUD.
  • Payment: PayPal, Bank wire transfer, and ZuluTrade Mastercard
  • Spreads and Commissions: Relatively low on-going fees. However, depending on the broker users use, the commission they charge per trade might differ. It can be as little as 0 [ZuluTrades’s own broker, AAAFx], or up to three pips with other brokers.
  • Headquarters: Triple-A Experts Investment Services S.A. is headquartered in Piraeus, Greece

Currently, the ZuluTrade trading platform allows traders to buy and sell stocks, forex, binary, options, and commodities. With ZuluTrade, users can clone the strategies of top traders.

Followers are these users, who are allowed to copy the strategies of the signal providers, which are the traders who are willing to share and be copied by their followers. Also, they are allowed to copy strategies of the portfolios created by other followers.

For those who don’t know which signal provider to choose, there is a feature called the ZuluRank calculator, which ranks traders by several different factors, such as:

  • Sharp ratio
  • High profits
  • Age of signal provider
  • Amount of trade activity

There are also other features traders get with ZuluTrade, including:

  • Pip Calculator
  • Profit Calculator
  • Margin Calculator
  • Currency Calculators
  • Economic Calendar
  • Access to news

Other useful features that users have access to are:

  • Users can verify the execution of a trade after a signal has been received – Lock Trade
  • Traders can get notified by email, or “The Automator” can automatically execute actions when events occur.
  • Forums and comment sections where users ask questions
  • Users can track all important events for the financial markets around the worlds – Calendar
  • Access to Cryptocurrencies.
  • ZuluGuard, ZuluScript, Margin Call-o-Meter and more.

After reviewing why ZuluTrade is one of the best forex copy trading platforms in 2019, it’s time to see which platform also deserves a top spot.

eToro
etoro

This platform was first founded in 2016 as RetailFx. The brand “eToro” is synonymous and is one of the most well-known names for social trading. It is also the first broker in the online trading industry to introduce the social trading concept.

Also, eToro is focused on social and copy trading, automated client and portfolio copy trading, and in-platform social sentiment data. Also, the user-friendly interface makes this platform an excellent choice for beginners.

With eToro, traders can trade with currency pairs, ETFs, market indices, commodities, and stocks from all over the world. Also, opening an account is fast and easy. Users can choose between a demo account if they want to test the platform and a live account.

Why traders choose eToro?

  • Minimum Deposit: Depending on the region of the user, the minimum deposit ranges between $200 to $10,000. Also, US Customers need to deposit a minimum of $10,000
  • Reliable and easy-to-use mobile applications that work with both iOs and Android devices
  • Other instruments: CFDs on indices, stocks, ETFs, commodities, bonds; cryptocurrency
  • Headquarters: eToro (Europe) Ltd. is headquartered in Limassol, Cyprus
  • Free stock and ETF trading in the EU
  • Features like: social trading, technical analysis tools,
  • eToro Fees: trading fees, financing rate, and non-trading fees
  • User-friendly interface
  • Negative balance protection: available only for professional clients
  • Crypto Wallet with a high level of security, and with multi-signature sign-in. Available in 31 U.S. states. Up to 13 cryptocurrencies
  • eToro Club: Silver, Gold, Platinum, Platinum +, Diamond.

Also, depending on the Club Membership level, users may have access to a:

  • Dedicated Account Manager                                              
  • Credit Line                                            
  • Daily Market Summary                                                       
  • Market Analysis                                                      
  • Live Webinars                                             
  • No Withdrawal Fees                                               
  • Trading Signals Platform                                                    
  • Exclusive Assets                                                      
  • Exclusive Debit Card (coming soon)                                               
  • Discount or waiver on Exchange Fees                                                   
  • Financial Times Subscription                                              
  • Analyst consultation (coming soon)
  • Invitations to Top Tier Industry Events                                                      
  • Tickets to Handpicked Sporting Events                                                      
  • Invitation to our Diamond Gala event            

eToro gives its clients the ability to earn extra income by becoming “Popular Investor.” The deposit minimum to become a “Popular Investor” is $1000. Also, the famous investor has to recruit a copier for a minimum of 2 months with at least $500 equity. Once the user has managed to achieve this, he will be rewarded with cash and rebates.

Another feature of eToro is the “CopyFunds” section. It allows traders to copy a range of funds, and is categorized into:

  • Market CopyFunds
  • Top Trader CopyFunds

When it comes to withdrawing money, eToro charges users a withdrawal fee of $25 for every withdrawal made, and the minimum amount of the withdrawn money if $50. Also, conversion fees are as following:

  • AUD/USD: 100 Pips
  • CAD/USD: 250 Pips
  • EUR/USD: 250 Pips
  • GBP/USD: 50 Pips
  • JPY/USD: 250 Pips
  • RMB/USD: 50 Pips
  • RUB/USD: 50 Pips

After reviewing why eToro and ZuluTrade are two of the best forex copy trading platforms in 2019, it’s time to see which platform also deserves a top spot.

Ayondo
ayondo

This platform was founded in Zug in 2009 by Thomas Wilkker, Robert Lempka, and Mark P. Bernegger.  The Swiss Social Trading company specializes in Copy Trading and has headquarters in Frankfurt, London, Singapore.

The platform became famous because of the Top Traders’ remuneration system. The only way for traders to gain visibility and higher profits is if they maintain a low-risk profile.

Ayondo is developed by traders for other traders is one of the best forex copy trading platforms for beginners. However, it might not be able to provide everything that an experienced and demanding trader might insist on. 

The Ayondo platform is divided into two parts.

  • TradingHub – for Retail Trading
  • Demo for 21 days – for Copy Trading

Why traders choose Ayondo?

 

  • Minimum deposit: Depending on the broker users use, but it is up to $2000
  • Headquarter: Ayondo markets Limited. is headquartered in London, UK
  • Other instruments: CFDs on commodities, oil, stocks, indices, shares, ETFs, interest rates, bonds; spread betting
  • User-friendly interface
  • Great traders research tools
  • Detailed traders performance data
  • Low-risk providers are rewarded
  • Free demo account available for all users
  • Low investment for opening a live account
  • A large number of CFDs

Ayondo users can search for Top Traders using an excellent research tool that is similar to the Zulutrade search tool. The tool ranks traders by several different factors, such as:

  • Performance
  • Number of Followers
  • Max Drawdown
  • Ratio Win Trade, etc.

The platform gives users the ability to see the trader’s positions currently open in the market too.

There are five Top Traders classification levels, and they are all marked with flags of different colors. Since anyone can become a Top Trader, you can also operate using a demo account. Here are the criteria:

  • Street Trader
    • Minimum Operations Required: 15, completed in 30 days
    • Maximum Total Drawdown: less than 25.0%
    • Performance: 1.0% in the month
  • Advanced
    • Minimum Operations Required: 15 transactions, completed in 60 days, with a minimum of one transaction per month
    • Maximum Total Drawdown: less than 25.0%
    • Performance: at least 2.0% from the beginning of his career
  • Professional:
    • Minimum Operations Required: 25 transactions, completed in 90 days, with a minimum of one transaction every 30 days
    • Maximum Total Drawdown: less than 20.0%
    • Performance: at least 4.0% from the beginning of his career
  • Risk-adjusted:
    • Minimum Operations Required: 50 transactions, completed in 180 days, with a minimum of one transaction per month
    • Maximum Total Drawdown: less than 15.0%
    • Performance: equal to or greater than 6.0% since the beginning of his career
  • Institutional:
    • Minimum Operations Required: 150 transactions, completed in one year, with a minimum of one transaction per month
    • Maximum Total Drawdown: less than 15.0%
    • Performance: at least 8.0%.

Another thing Ayondo offers its users is The Risk Metrics section. If users can interpret the data correctly, this can be a handy indicator regarding the risk of the trader’s strategy.

Bottom Line

These platforms are perfect for beginners looking to get familiar with the markets. They will help you replicate the performance of successful traders at a small fee, which can result in a higher profit.

Even if you don’t have in-depth knowledge about the forex market or how forex copy trading works, you can still earn money when using the great features and tools of these three platforms.

However, if you want to learn more about Forex Copy Trading, then you can read our article “What is Forex Copy Trading and How it Works

 

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