Best Copy Trading Platforms (2021)

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Cryptocurrencies are highly volatile digital assets. The daily highs and lows are far greater in intensity than the opposite tradable asset. This creates an opportunity for people to maximize the gains and mitigate their losses on value shedding.
One of the foremost products is that the Copy trade. Within the past, when an investor wants to repeat the strategies from other traders, they have to hunt out a symbol provider from different trading communities, then continue a trading platform to trade.
Nowadays, many trading platforms have integrated the copy trade function into their products and services, which allows most investors to repeat other traders in a more convenient way. At this moment, the trading platforms within the market, like eToro, ZuluTrade, and Bityard have launched a copy trading system.

eToro

eToro could also be a widely known trading platform that provides Forex trading, Stocks trading, Commodities trading, Indices trading, Cryptocurrency trading, CFDs reading, Index Based Funds trading, and Exchange Traded Funds (ETF) trading services. eToro is a famous platform with distinguished social trading service that obtained regulations under the supervisions of the Markets in Financial Instruments Directive (MiFID), Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC).

copy trade system with great social features are developed in eToro. Finding a trader to repeat on eToro is analogous to finding a devotee on Facebook. eToro users have personal pages and will post content and react to other users’ content. On the private page of a trader, eToro users can find the trading history data of the trader and the strategy style, which helps the users plan to copy or not.

The user discussion at eToro focus on an honest range of asset investment types, and most of the users enjoy the well-designed social environment. For the trader who is seeking a section for communications and discussions, eToro may be a great option.

ZuluTrade

ZuluTrade not only provides Forex trading services but also offers Indices, Stocks, Cryptocurrencies, and Commodities trading services for customers. Unlike other trading service providers, ZuluTrade provides a platform engaged with many brokers. The minimum deposit and financial regulations are supported by different brokers.

Compared with eToro, ZuluTrade has very prominent Forex trading services, and thus the copy trade system of ZuluTrade is additionally tailor-made for Forex trading. On eToro, traders followed by other users are more various, and so the user discussion and communication on eToro are more vigorous than others. On the contrary, on ZuluTrade, the user discussion is particularly about Forex trading, with higher professionalism, which might be too complicated for beginners.

On ZuluTrade, detailed data about the traders are visiting be displayed so on assist other users to hunt out an appropriate trader to repeat. On the private page of a trader on ZuluTrade, trading-related data like profit, performance, drawdown, and Sharpe ratio are visiting be shown. When a ZuluTrade user wants to repeat a trader, the private pages of traders also provide data of estimated ROI and net P&L for reference. ZuluTrade is also an excellent platform for investors who are into Forex trading for an extended-term.

Bityard

Bityard, a relatively young exchange, offers spot, leverage, fx, stocks, derivatives, and copy trading. Furthermore, it’ll launch US stock trading services shortly. Bityard is monitored under the Business Administration of Singapore (ACRA), the US Financial Supervisory Authority (MSB), the Australian Transaction Reporting and Analysis Center (AUSTRAC), and thus the Estonian Financial administrative unit (MTR).

bityard copy trading

Compared with eToro and ZuluTrade, Bityard is a style of young. Yet, it provides professional and abundant cryptocurrency trading services, including up to 30 varieties of crypto spot and quite 15 contract trading options. Popular currencies related to DeFi (decentralized finance) are available on Bityard, which can be a fairly good platform for crypto traders.

Another great feature of Bityard is that the highly user-friendly UI and trading progress design. people can easily register within one minute and start trading in DEMO mode. To open a position in real mode, only five US dollars as margin entry is required, which is a way but the minimum requirement of the numerous platforms. Additionally, Bityard copy trade system is kind of easy to understand. Any Bityard user can quickly find a trader with a wonderful trading performance and finish the position margin setting to start out copying. On Bityard, most of people with no financial background can become accustomed to crypto investment during a brief time.

Comparison of three exchanges

To sum up, each of the three platforms has its own features: eToro is distinguished with its great social features, which create a large-scale trader communication environment; ZuluTrade could also be a knowledgeable platform for Forex trading; Bityard has diverse cryptocurrency trading services like Contract, Derivatives, and Spot Trading, and it’s one in all the best platforms for beginners. However, traders should choose the correct platform in step with their own needs.

Note: this article is for informational purposes only and will not be construed as investment advice. All investments include a point of risk.

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