Top 5 Copy Trading Solutions 2022 - Market Research

In addition to being one of the most straightforward methods of getting started in the financial markets with little or no expertise, copy trading is also ideal if investors have little time available to devote to their trade.

Naturally, this kind of trading enables beginner traders to mimic the movements of other successful traders, and in many situations, they may do so with little or no effort on their part. This provides tremendous ease, but it also requires newbies to place their total confidence in the copy trading site.

That is why we have compiled this list of the absolute finest copy trading platforms available for use with top-rated forex brokers, which you can browse through below.

Is Copy Trading in FX a Long-term Realistic Business Strategy?

Copy trading is an appealing technology that allows forex brokers to expand their offering and, as a result, increase the transparency of their operations, as clients will be able to follow the trading results of the top-performing traders. The copy trading method is a relatively new technology that has only recently gained popularity. Let's take a look at the benefits of incorporating social trading services into your brokerage business.

1. Establish a competitive advantage over your competitors.

Although social trading is becoming more popular among traders, only a small number of brokers provide this option. The introduction of a copy trading system will expand the market reach of your firm and attract new clients.

2. Increase the number of new accounts you have.

Many newbies are afraid to begin trading or even to register for a sample account since forex trading requires a significant amount of information to be successful. This knowledge base must be gained before you can be successful in trading. It is at this point that social trading is implemented. The ability to activate a demo copy trading account will present your new clients with their first winning trades and will enable them to learn from your finest traders.

3. Increase the number of accounts that are converted to paying customers.

On the whole, the conversion rate of demo trading accounts is modest. When the initial deposit is lost, the number of live accounts that are closed in the first month of trading skyrockets. Copy trading method may serve as a stepping stone for traders, allowing them to enter the forex market in a more secure manner. Getting started with social trading is considerably simpler than with traditional trading since you do not have to pick a currency pair or get familiar with the user interface of a trading platform. When a new trader downloads an app or registers an account with a specified broker, he or she may immediately subscribe to one of the best performers.

4. Increase the amount of trading activity from current customers.

In addition, established customers may discover that copy trading is a beneficial supplement to their trading approach. Their ability to alter and improve the replicated transactions, together with a choice of subscription types, will result in greater outcomes and more trading activity.

Best 5 Copy Trading Solutions Providers 

B2Broker 

Users may trade FX, CFDs, and cryptocurrencies on this copy trading solution provider. As implied by its name, it is mostly used for B2B institutional trading and investment activities.

However, it also enables customized training and investment. The firm was created in Russia in 2014 and is headquartered there. It is home to brokers specializing in a variety of trading areas, including cryptocurrencies, forex, crypto exchanges, social trading, wealth management, and bonds/futures/stocks.

There are many areas within institutional B2B broker trading: liquidity providers, trading tools suppliers, white label solutions, CRM systems, regulators, affiliate programs, and websites.

In terms of social trading, exchanges and brokerages enable three categories: trading pools in which anyone may participate and receive a share of trading profits, multi-account managers, and copy trading.

• MT4, cTrader, and X-Station are available as desktop, mobile, and web trader applications.

• Demo accounts are available.

• Customer service.

Soft-FX 

Copying trading activities from Master accounts to one or more follower accounts is made feasible by the Soft-FX PAMM service within the framework of the Forex Broker Turnkey solution. It contributes to the automation of profit and loss distribution.

Everyone has the ability to put their money in a trading strategy of a Master they have confidence in via the Soft-FX PAMM with Forex Broker Turnkey. All information regarding Masters' performance is available to the public, and Followers may choose a Master who meets their needs based on statistical data.

Risk-management concepts, trading instruments, trading performance, expertise, and a range of other factors are taken into consideration when making the Master pick.

After each cycle, all PNL is automatically divided among the Master and all of their followers.

Tools for Brokers 

Manual Copier is a new social trading solution from Tools for Brokers, which was only released lately.

A tool for MetaTrader 4, Manual Copier has a simple interface that is easy to set up and makes social trading even more comfortable. It is available for both Mac and Windows. The solution's primary goal is to provide our customers with a means to enhance their social trading experience by making it smarter and more accurate. The ability to make exact decisions about the orders to share with the traders, the ability to provide signals for numerous accounts, and the ability to dynamically examine the duplicated orders are some of the product's primary advantages.

The source account trader will also be able to pick orders to distribute amongst various targets and observe the profit and loss (PnL) of these trades updated every second when using Manual Copier.

FX Trade Tools 

If you are seeking to establish a Social Trading Platform that connects various individuals who are involved in the Forex Market together and allows them to communicate with one another, FX Trade Tools offers a Social Trading Platform that is ready for you to use. You may subscribe to it, and then you'll be ready to start using it.

This Social Trading Platform enables Master Traders, Pro Traders, and novices to get together and share their experiences, questions, and answers in order to progress as a group as a trading community. People could connect with anybody they wanted and follow the master merchants wherever they went. Share your views on market conditions, insights, forecasts, news, and events, among other things, with the community. Everyone involved in the Forex market will benefit from the development of a mutually beneficial ecosystem.

Brokeree 

Brokeree Solutions' MT4/MT5 Social Trading system is designed to assist brokers in the development of their own social trading system from the ground up. The turnkey solution enables the integration of frontend and backend components in a rapid and painless manner. Social Trading software is made possible by the Ratings & Data module, which is used to present traders' statistics and enhance service conversions while also increasing service conversions.

Completely integrated with Brokeree's liquidity bridge and dealing desk solutions, the copy trading solution is accessible to full-licensed MetaTrader brokers as well as white-labels. It is also fully integrated with Brokeree's dealing desk solution.

• Provide customers with an incentive to trade by providing them with a choice of copying mechanisms.

• Performance fees that are adjustable allow you to manage the incentives for successful suppliers.

• You can count on the service being available immediately after installation.