Trading cryptocurrencies requires a lot of research, analysis, and time to figure out how the market is moving and what trends are happening. If you’re new to the world of cryptocurrencies and haven’t taken the time to learn how to trade and master the markets, copy trading will help you make money. This guide covers the ins and outs of copy trading and the best crypto copy trading platforms.
What Is Crypto Copy Trading?
Crypto copy trading is an innovative strategy for anyone to automatically duplicate the transactions of proven crypto investors, automating the entire crypto trading process.
Traditional crypto trading requires extensive market analysis, chart analysis, and research to support trading decisions. After placing a buy or sell transaction, you must manage the trade and exit at the optimal moment.
Crypto copy trading opens a new door, as it provides novices and passive investors with a method to profit from crypto markets with minimal effort. Copy trading focuses on short-term trading, mainly day trading and swing trading strategies. Thus, copy trading applies to both the foreign exchange and crypto markets.
Select a merchant from one of the best crypto copy trading platforms listed below to copy trade, synchronise your brokerage account, and let technology manage the rest. In a nutshell, that’s all there is to it.
Benefits of Crypto Copy Trading
Investing in cryptocurrencies requires dedicated time for investigation, understanding, and lots of risks. You must be able to find “hidden germs” and trading opportunities and manage each trade, which takes even more time and emotional control.
Copy trading in crypto eliminates the need for all this labour. It enables anyone, regardless of experience or talent, to profit from crypto market investments without investing time.
No Expertise Required
Although the profits you can achieve with crypto copy trading platforms largely hinge on the trader or firm whose transactions you choose to mirror, copy trading is incredibly beginner friendly. No expertise is required! You are not required to study, conduct research, or even trade. Copy trading makes investing in cryptocurrency simpler than ever.
More Hands-off Approach
Everything is automatically performed when copy trading with any platforms listed below. It is a genuinely hands-off approach to trading that enables you to profit on the cryptocurrency markets with minimal effort.
You monitor the copied strategies and adjust to minimise losses and maximise profits. In comparison to the work of a typical trader, which involves complex analysis and continuous market monitoring, crypto copy trading is as hands-off as it gets.
Minimal Investment
Another reason crypto copy trading is advantageous for new traders is the low initial investment required. With many of the best crypto copy trading platforms available today, you can start copy trading and build your brokerage account or cryptocurrency wallet for as little as $200.
Drawbacks of Crypto Copy Trading
While copy trading crypto is ideal for new traders and exceedingly simple to get started, as with any form of trading, there are disadvantages and risks to consider.
Risk of Copying Losing Trades
Is crypto copy trading profitable? Indeed, it is for many, but whether or how much you profit from it depends wholly on whose trades you choose to copy. There’s no guarantee that copy trading will yield significant profits for you.
As a copy trader, your best approach is to divide your portfolio between several distinct successful traders. This will prevent you from relying on one trader or trading strategy, which could place you at risk of losing it all.
Less Likely for Trader to ‘Grow’
Even with the best crypto copy trading platforms and strategies, you are less likely to develop and rely on your trading strategies. Copy trading makes it easy to make money from cryptocurrencies, giving traders little reason to study, learn, and improve.
If you are satisfied with your profits, copy trading may prevent you from earning even more. The crypto space is constantly changing and volatile. If you only do copy trading, you might miss out on many good chances because you can’t change with it.
High Copy Trading Fees
Copy trading is also more costly than trading independently. Although the best crypto copy trading platforms and traders typically charge reasonable fees for their strategies and services, some fees can be pretty high and should be weighed against your budget before making investment decisions.
How to Select the Best Crypto Copy Trading Platforms?
The best crypto copy trading platform will depend on your trading requirements and how much you intend to invest in copy trading.
For instance, if you want to learn about trading while copy trading, you must select a platform that allows you to participate in a community where you can exchange ideas with others. This will help you improve your trading abilities so you can create strategies you can eventually share with others.
When deciding whether to engage in copy trade or not, you must also consider the level of safety. If a platform employs API keys to connect your exchange to the copy trading account, you can rest assured that they cannot access your funds. This means that only you will have the ability to withdraw funds from your copy training account.
20 Best Crypto Copy Trading Platforms in 2023
There are now thousands of cryptocurrencies to trade or engage in and millions of people getting into crypto, and there are more and more crypto copy trading platforms. To save you the trouble of finding a successful dealer to copy, we have rounded up the 20 best crypto copy trading platforms for you to select.
Bybit – Best Crypto Copy Trading Platform Overall
With over 330 coins via spot trading or derivatives (USDT Perpetual contracts, Inverse Perpeptual contracts, Inverse Futures contracts, and Options) and a super-fast trade speed of 100,000 transactions per second, seasoned traders will definitely love Bybit. It also operates a safe, secure, transparent, and effiecient futures trading platform with over 20 million users worldwide and offers more than 230 perpeptual and futures contracts.
Bybit is the best crypto copy trading platform as it lets you find traders to copy, automatically open and close your trades, and watch your crypto balance grow. Expert traders can profit by allowing Bybit users to copy their tactics and deals. Each friend earns 10% of their income. Bybit connects expert traders with beginners for a win-win crypto trading experience.
After choosing a primary trader, you set copy order criteria, like leverage. After your chosen principal trader places a market order, all new copy trades will be started immediately with market orders that meet the criteria you set.
Pros
Lots of expert traders for you to copy
Autopilot mode with no hassles
Leverage up to 100x for crypto orders
Live Chat customer support
Lots of educational materials
Cons
Fees can be a bit high
Unavailable in the U.S.
eToro – Best Platform for Crypto Social Trading
eToro is unquestionably one of the most well-known crypto copy trading platforms for novices. Depending on where you are, it offers services in almost every country and other markets, such as stocks and foreign exchange. Copy trading is one of eToro’s most popular features, as it makes it simple for novices to begin investing even without prior experience or knowledge.
Even if you are just starting trading or are still learning, you can use eToro copy trading to make money while relaxing. eToro asserts that by imitating the top 50 traders on its platform, portfolios grew by over 30% in 2021. This crypto copy trading platform doesn’t charge management or concealed fees for its copy trading service. You only need to pay the commission of the principal trader to move forwards.
Users of eToro will get a complete list of all of the available principal leaders, along with their ranks. You can examine their gain percentage to assess their overall trading abilities and establish your parameters and preferences to minimise risk. Before deciding to imitate your trades, you can ask expert traders questions.
Pros
Excellent for social trading
Intuitive, user-friendly platform
Thousands of verified merchants to copy
Easy-to-use cryptocurrency wallet
Indemnity insurance of up to EUR 1 million per client in the EU, U.K., and Australia
Cons
No crypto deposits supported
Inactivity fees and $5 withdrawal fee
Trading Central research and tools are only available to certain eToro Club members who have reached higher Club tiers.
Pionex – Best Crypto Platform for Free Trading Bot
Pionex is primarily a crypto copy trading platform that facilitates the buying, selling and trading of various digital currencies. The platform has nearly 350 digital assets, so you will always have investment opportunities.
The commission rate for purchasing and selling digital currencies is only 0.05%. This is one of the lowest pricing structures in this market. However, this copy-trading platform does not offer conventional copy trading tools or the option to engage with other platform users in a social context. Pionex makes our list of suitable platforms because it supports built-in trading algorithms.
There are 16 trading algorithms to select on this crypto copy trading platform, each adopting a different strategy across various risk and reward objectives. The trading algorithms of Pionex are fully customisable for you to set your parameters to copy trading strategies. For example, you can purchase and sell a crypto pair when an upper or lower price target is met.
On the other hand, Pionex is far from suitable for novices that merely want to engage in a passive crypto copy trading strategy. This platform will only suit you if you know the trading basics.
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Pros
120+ cryptocurrencies available
Liquidity Aggregation: collects liquidity from top exchanges to minimises slippage and smooth trading.
User-friendly copy trading platform
16 free built-in trading bots and strategies
Low trading fees of just 0.05%
Cons
Limited fiat currency support
Questionable regulatory status
Bitget – Best Crypto Platform for Social Copy Trading
Bitget is one of the fastest-growing copy trading and social trading platforms today, with a stellar reputation – one of the few crypto exchanges unaffected by the market decline in 2022, and even officially sponsored by Leo Messi, the world soccer champion.
Bitget is a crypto copy trading platform with all the features traders would expect, including spot and margin trading, staking, a launchpad, support for purchasing cryptocurrency on the platform, and the ability to use grid trading algorithms. Additionally, Bitget is a social trading platform.
They can replicate the buys and sells of top traders from the Bitget leaderboard, which presently lists 500 winning traders with a proven track record of success from around the globe. Some have a return on investment (ROI) that exceeds 10,000%.
Bitget has a U.S. and Canada MSB licence, which is another reason we consider it one of the finest social trading platforms. Zero spot-trading fees and frequent promotions for traders are distinctive features.
Pros
Over 150 coins and tokens are supported
Free copy trading with a high commission
Full Fiat Services
Multiple supported networks are available
Cons
Unregulated
Support response may be slow
MEXC: Best Crypto Copy Trading Platform for 1,500+ Trading Pairs
MEXC: Best Crypto Copy Trading Platform for 1,500+ Trading Pairs
MEXC is one of the world’s most prominent crypto trading platforms, and the best part is that it has the copy trading feature we need. You can sort the top investors by Return on Investment, Total Profit and Loss, Win Rate, Total Equity, and Number of Followers. You can discover a suitable trader to imitate based on whatever metric is most important to you. You can also input the name of a specific trader you wish to replicate in the Search field if you know it.
MEXC has more than 1700 cryptocurrencies and 2,600 trading pairs, more than any other cryptocurrency exchange. The trading costs are minimal, at 0.0–0.01% for spot trading and 0.0–0.050% for futures trading.
Many other options are available on MEXC; if you wish to learn about them all, please read our comprehensive review. Utilise this link if you want to begin copy trading on MEXC. It will grant you a FREE $30 USDT and a 10% discount on all trading fees.
Pros
Over 1,700 + coins, and 2,600+ trading pairs
User-friendly trading interface and fully functional mobile app
Having compliance certificates for Australia, Canada, Estonia, and the U.S.
Affordable fees for spot and futures trading
Cons
Limited coins can be bought using fiat
Not very popular cryptocurrency exchange platforms in Australia
3Commas – Best Platform for Crypto Bot Trading
The 3Commas non-custodial trade automation platform offers plug-and-play Bitcoin and cryptocurrency trading algorithms. Professional traders share their strategies within their trading community to foster a community of traders who mutually benefit.
Consequently, 3Commas is all about algorithms. As one of the top crypto copy trading platforms for automated trading, you can copy trade using various strategies. You can opt for the copy trading strategy you wish to copy, and the programme will handle the rest.
Like many top crypto copy trading platforms, 3Commas supports multiple exchanges and stores client funds in secure cold wallets. Overall, they have many algorithms and strategies, an easy-to-use interface, and a good reputation, which is good news for traders just starting out.
Pros
Support for over 20 different crypto exchanges
Active crypto trading community
Smooth and straight KYC process
Manual and automated trading options
Cons
Complicated for newer traders to navigate
Automated crypto trading bots only available in paid plans
Poorly handled security incidents, including blaming and “gaslighting” users
Does not offer a desktop application
Shrimpy – Best Platform for Crypto Portfolio Management
Shrimpy is a crypto portfolio management tool for portfolio management and trading. Unlike many other crypto copy trading platforms, it provides traders with several tools and resources. Traders can connect all of their supported cryptocurrency exchanges and access their currencies from a single location.
If you choose automated trading or copy the trades of other professional traders, you can automate the whole trading process. You can use different tools for automated trading to plan and carry out your strategies. You can backtest your strategy and track your performance to gain deeper insights.
To centralise your portfolio, you can attach over 30 crypto wallets and exchanges to the Shrimpy platform. This facilitates trading and enables you to allocate funds while keeping track of your total capital.
Pros
Multiple coins and exchanges supported
Automated portfolio rebalance
Custom index creation and management
Free crypto copy trade bots and tools
Easy to use, despite its robustness
Cons
No trading terminal or mobile app
Financial security isn’t guaranteed 100%
NAGA – Best Crypto Copy Trading Platform For Stellar Reputation
If eToro is not supported in your country, NAGA is the next best social copy trading platform to consider. This crypto copy trading platform allows you to select a suitable trader based on relevant metrics such as the trader’s profit and loss, open positions, and monthly win rate. Once you’ve chosen a merchant to follow and copy, all of their future trades will be copied into your account until you decide otherwise.
You can also add or remove assets from your portfolio, check the real-time value of your positions, and set the maximum profit and loss per copied trader before your investment is automatically closed. In terms of social features, NAGA lets you find and talk to other people who use the platform.
This crypto trading platform charges €0.99 for each trade that your chosen investor makes on your behalf. If a position is closed with a profit greater than €10, you will be charged a commission of 5%. Any profitable transactions below €10 will not incur a commission.
You can fund your NAGA account using a debit or credit card or an e-wallet such as Neteller or Skrill. If you choose to trade independently, you can also access CFDs. This allows you to leverage your trading of the future value of crypto and other asset classes. NAGA is not available in the United States or the United Kingdom.
Pros
Reputed social copy trading platform
Very social-network-savvy broker
Well-regulated with high deposit security
Cons
€0.99 commission whenever a position is copied
5% commission on trades with a profit of €10+
Fewer verified traders than those on eToro
Not available in the U.S. or the UK
Kryll – Best Copy Trading Platform for Strategy Building
Kryll is not a crypto exchange like most other copy trading platforms. Instead, it’s software that automates crypto trading and only cares about efficiency and automation.
This crypto copy trading platform offers one of the most comprehensive and feature-rich online strategy tools. It includes numerous features that can be integrated and implemented using a simple drag-and-drop mechanism. Register on the platform with your personal information to access these features and get started.
After completing the registration procedure, you have immediate access to automated strategies. Instead of actual traders, Kryll provides over 280+ verified trading strategies that can be used to automate the trading process. Each trading algorithm has its success rate and currency pair it trades.
You can look at different algorithms, figure out how they work, and then use them as you see fit. Kryll has a reasonable pricing structure, charging users 1% of the capital traded.
Pros
30 crypto wallets and exchanges supported
Professional dashboard and management tools
A wide variety of top traders to follow and copy
Crypto trading bots are available
Cons
No two-factor authentication
Must use Kryll’s KRL token
Complicated pricing structure
Coinmatics – Best Crypto Copy Trading Platform on Autopilot
Similarly to Pionex, Coinmatics does not permit you to imitate individual traders. However, you can use this crypto copy trading platform to copy specific trading strategies. Additionally, it should be noted that Coinmatics does not facilitate purchase and sell orders.
You must link Coinmatics to an exchange account via API. Only a few exchanges are supported: Binance, OKEx and Bybit. After you connect your exchange account to Coinmatics, you’ll need to choose the best strategy based on your financial goals and how much risk you’re willing to take.
You can examine the metrics surrounding the particular system, preferred markets, risk ratings, and more. Coinmatics provides numerous plan options. A complimentary plan is available, but the maximum transaction size is $2,500. Once this threshold is reached, you must convert to a paid account. The premium account, for instance, costs $20 per month and has no trading restrictions.
Pros
Manual and automatic copy trading modes
No fees for trading the first $2,500
Coinmatics BETA version is free for traders
Technical support is quick and professional
Cons
Impossible to copy individual traders
Only a few exchanges supported
Social trading tools are unavailable
Gate.io – Best Crypto Platform for Leveraged Trading
Gate.io is a crypto copy trading platform that allows you to trade over 1,000 coins and has many exclusive features to streamline your trading experience. You can follow and copy a variety of principal traders on the platform. Each has its own fee structure for every transaction.
Based on their winning percentage, total returns, assets under management, number of transactions executed, minimum deposit amount, etc., you can choose a main trader to copy who you think will do well and give you good returns on your investment.
Gate.io enables copycats to leverage transactions and set advanced parameters to prevent capital loss. You can also view several tutorials on the platform to fully grasp the concept of copy trading and see how everything works. The whole process is simple and can be followed by anyone new to the platform.
This crypto copy trading platform also offers automated trading, which adheres to the same automation concept. However, this time, you must use your strategies and market knowledge to guide the algorithm accordingly. Additionally, you can investigate their NFTs market, purchase assets, and trade cryptocurrencies on the markets.
Pros
Amazing IEO (initial exchange offering) platform
Over 400 markets and 800 coins supported
Spot & margin trading with 10x leverage
Highly secure exchange with mobile app
Cons
Not recommended for novice traders
Trading fees are fair, but not the lowest
MoonXBT – Best Crypto Trading Platform for Quick Trade Execution
Despite being a relatively new name in the crypto community, MoonXBT is quickly gaining a reputation as an excellent crypto trading platform due to its limitless capabilities and outstanding bargains. The platform is accessible in more than 200 countries and is renowned for its one-of-a-kind lite trading contract.
MoonXBT, unlike some of the best crypto copy trading platforms for cryptocurrencies, guarantees high liquidity. This, combined with the platform’s unique contract structure, results in some of the industry’s quickest transaction processing time.
With the newly introduced clone trading function, it is an excellent platform for replicating the trading results of seasoned traders who have proven profitable.
Pros
High-speed transaction process
No deposit fees required
Guaranteed high liquidity
100x leverage for small coins
Cons
Platform is relatively new
Limited number of coins
No spot markets supported
CopyMe – Best Crypto Platform for Copying Multiple Traders
CopyMe is an excellent crypto copy trading platform for anyone who wants to replicate profitable crypto trading strategies. The U.S.-based platform lets users learn from the knowledge of trading experts and use their strategy quickly.
CopyMe, unlike many of the other trading platforms in this list, allows you to copy the transactions of multiple traders simultaneously. Rather than placing all your eggs in one basket, you can allocate a certain amount to each expert and diversify your portfolio.
The platform has many filters that enable you to find the ideal trading professional for your risk tolerance and trading objectives. Unfortunately, while there are no trading fees or commissions, the $40/month price tag is not inexpensive.
Pros
Possible to copy traders unrestrictedly
A wide range of useful filters
Fund allocation and portfolio diversification
24/7 customer support
Cons
Only three exchanges are supported
Not the cheapest crypto copy trading platform
WunderTrading – Best Crypto Platform for Intuitive Interface
WunderTrading is an innovative crypto copy trading platform that deserves a spot on this list. It’s where novice nvestors can learn the basics by developing their own automated crypto trading bots or by directly copying the trades of seasoned crypto investors.
The WunderTrading platform is compatible with several leading cryptocurrency exchanges, including KuCoin, Binance, Kraken, Bybit, OKX, and Deribit. However, what makes WunderTrading stand out is its excellent user interface. It is basic, clean, and shockingly straightforward, even for inexperienced users.
Pros
Simple and very intuitive interface
Diverse supported exchanges
Transparent trader track records
Free for the first month
Cons
User base is rising, but still limited
Customer support is not highly rated
Zignaly – Best Crypto Copy Trading Platform for Profit Sharing
About 100,000 crypto investors with more than $75 million in their accounts use the crypto copy trading tool that Zignaly offers. This easy-to-use, results-driven tool enables you to select and copy the strategies of successful crypto traders with minimal effort.
However, what truly distinguishes Zignaly is its optional profit-sharing feature. Using this advanced tool, crypto investors can copy the transactions of up to 100 expert traders and pay trading fees only when profitable positions are closed. You can share in the profits while keeping your expenditures to a minimum.
In addition, there is no investment minimum with Zignaly, and you can invest with a single bot or as many “pro” traders as you like.
Pros
Different levels of automation are available
Unique profit-sharing feature
Easy to use for people new to trading bots
Multiple coin pairs and trading positions
Cons
No demo account or mobile app
A limited number of supported exchanges
Not available in the U.S.
ZuluTrade – Best User-Friendly Trading Platform for All Traders
Zulutrade lets people who want to trade choose from many markets, such as cryptocurrencies, stocks, indices, commodities, and forex. Despite this, the crypto markets supported by this crypto copy trading platform are relatively limited, with only 13 combinations.
You can make your search more specific by using different criteria, like the trader’s average monthly profit since joining the platform and the number of people who copy the trader. You may also invest in combination portfolios.
These pre-packaged portfolios include a diversity of individual trading strategies and systems. Again, you can observe the return on investment for each combination portfolio to make an informed decision. Like NAGA, we had to do much research to determine the copy trading fees.
However, fees vary depending on the type of account you establish. Using the copy trading tool with a classic account has no monthly or commission fees. In contrast, monthly fees for profit-sharing accounts are $30. You must also pay a profit-sharing commission on any successful trades you make by copying what other investors do.
Pros
A section dedicated to crypto copy trading
Crypto, stocks, indices and forex supported
Great proponent of passive investment tools
Classic accounts come with no fees
Cons
Not overly transparent on fees
A limited number of expert traders
Only 13 crypto pairs supported
ICONOMI – Best Trading Platform for Copy Trade Strategies
The crypto copy trading platform ICONOMI makes its copy trading and strategy features accessible to all. Registered with the FCA (Financial Conduct Authority), this platform allows users to copy the transactions and strategies of other cryptocurrency investors.
ICONOMI connects more than 100,000 consumers with leading crypto strategists. It provides users with access to 150 different cryptocurrencies and 300 different cryptocurrency strategies. A crypto strategy consists of the digital assets selected by a strategist. Copying the strategies on ICONOMI is as simple as clicking a button.
“Crush Crypto Core” is a popular crypto strategy on ICONOMI that consists of undervalued cryptocurrency assets that have the potential to outperform large-cap assets such as Bitcoin and Ethereum. Members can even construct their strategies and profit by making them public and having other traders copy them.
Pros
Over 150 coins and 300 strategies supported
Cryptocurrency copy trading feature
No fees for buying and selling coins (only spreads)
Low minimum deposit (€10)
Cons
Fees for copy trading strategies are up to 10%
Axi – Best Crypto Copy Trading Platform for Top Traders
By enabling the Copy Trading features, Axi enables novice traders to achieve the same outcomes as professionals. The advantage of using Axi for Copy Trading is that its top 50 traders have earned at least 263% returns. Axi has compiled a list of the highest-earning investors for traders to imitate and analyse before committing capital.
Traders can tailor their inquiries for traders they desire to copy. Axi provides CopyTrading for trading forex, stocks, indices, commodities, precious metals, and energy. Axi traders can manage their own risk by adjusting personal parameters, so copying trades by professionals do not require novices to assume the same level of risk as experts.
This crypto copy trading platform provides the MT4 platform, but traders can also access Copy Trading through the applications available on Google Play and the App Store. Copy Trading requires traders to attach their MT4 accounts to the application and recommends a minimum risk of $250. It is possible to copy multiple traders simultaneously, but traders are advised to follow a small pool to manage risk better.
In addition to CopyTrading, traders have access to PsyQuation and AutoChartist. PsyQuation is an analytics platform that provides performance analytics to aid merchants in reducing errors. AutoChartist scans the market for specific trade configurations and notifies traders of individualised trading opportunities.
Pros
The best 50 traders provided 263% returns
Personal risk settings for users
Various cryptocurrencies and markets supported
$250 deposit is necessary, but less is acceptable
Cons
Some investors charge high subscription fees
cTrader – Best Crypto Copy Trading Platform for Free Strategies
cTrader is a direct competitor to MT4 because it gives experienced traders a sophisticated trading platform. This includes indicators, custom orders, live pricing charts, and the capability to copy strategies. The cTrader strategies are developed by third parties.
While many strategies are available for a fee, others are entirely free. This crypto copy trading platform also provides a complimentary demo trading facility. Users can evaluate the profitability of free strategies over an extended period. Strategies can also be tailored to the preferences of the user.
cTrader, like MT4, does not provide direct brokerage services. Those who use cTrader must do so via a regulated platform such as AvaTrade. This implies that trading fees and commissions will no longer be determined by cTrader, but by the respective brokerage platform.
Pros
The third-party platform for expert investors
Many free strategies for users to copy
Free demo stock trading facility
Cons
Does not offer brokerage services
No social trading tools except a forum
AvaTrade – Best CFD Trading Platform for Copy Trading Accounts
AvaTrade is a popular CFD broker on our top crypto copy trading platform list. This platform specialises in CFDs across more than 1,250 instruments. It supports ZuluTrade and DupliTrade, both of which enable users to copy the transactions of experienced investors with a single click. To use AvaTrade, an account must be created, and a $100 minimum deposit must be made.
Indices, equities, commodities, and cryptocurrencies are supported markets. Access to leverage is also feasible on the AvaTrade platform, with limits dependent on the user’s country of domicile and the asset being traded. This platform supports debit/credit cards and bank transfers as payment options.
AvaTrade also supports MT4 and MT5, which is a significant plus. Both platforms provide access to various trading tools, charts that can be customised, order types, and numerous technical indicators. AvaTrade also offers an app for iOS and Android for users to monitor any open copy trading positions and to place new orders on the go.
Pros
ZuluTrade and DupliTrade can be linked
Regulated by 8 licensing bodies
The minimum deposit is $100 with no transaction fees
Leverage and short-selling supported
Cons
Not directly supporting copy trading
Restricted to only CFD instruments
Crypto Copy Trading Platforms: FAQs
How does copy trading work?
Copy trading enables you to generate the same proportion of profits or losses as another trader by linking your portfolio to theirs. Whenever the trader you are following opens or terminates a position, these actions will be replicated on your account, and you will follow suit. If you link your portfolio to an experienced trader with a track record of making money, you can also make money.
Is copy trading legal?
Copy trading through a licensed broker or website is legal. Traders must choose a broker or platform that is regulated in order to keep their money safe and trade in a market that is open and clear. Copy trading is risky. Before copy trading, research well on the potential risks and returns.
Is copy trading profitable?
Buying in financial markets is risky and doesn’t ensure profit. Copy trading has the same risks as regular selling, including money loss. Without risk and luck, big yearly returns are rare. Copy trading can be lucrative if you can correctly guess which signal providers will succeed. That’s easier said than done.
What is the best crypto copy trading platform?
eToro is our top recommendation for novice traders because this crypto copy trading platform will guide you through the process and teach you how to copy transactions from the best traders. If you are an advanced trader with significant trading experience, Pionex is the finest crypto copy trading platform for you.
What is the best copy trading app?
If you prefer to do things on the go, you are likely searching for a copy-trading app instead of a copy-trading website. Mobile apps from both Pionex and eToro are incredibly user-friendly and of high quality, and you can easily download them from the Apple Store and Google Play.
What is the most profitable copy trading platform?
Due to its cutting-edge features, Pionex has excellent potential to be a successful crypto copy trading platform. However, when using Pionex or any other crypto copy trading platforms, You need to know a lot about the market and what it’s doing to succeed with your investment.
What is the best crypto copy trading bot?
Pionex is the top crypto copy trading bot. You can use Pionex’s free features without any restrictions. But it’s worth noting that not all of the bots available can be used for copy trading. The reason is that they are specified based on the type of crypto trading strategy that you want to adopt.
Final Thoughts About Crypto Copy Trading Platforms
So there you have it—our picks for the top crypto copy trading platforms and apps for 2023. But the best platform for you depends on what you want to get out of it, how secure you want it to be, how much you’re willing to pay for its features, and if you wish to learn more about crypto trading in general while using it.
As we have mentioned, quite a few companies in the sector offer free trials, so we advise that you take advantage of these to decide whether the copy trading platform is the best option for your requirements.
