5 best crypto copy-trading platform 2022
In this article I want to Introduce you the best copy trading platform and investigate their facilities:
Copy trading allows traders in financial markets to automatically copy the trading positions opened by another experienced and experienced trader. This method enables traders to copy the specific strategies of another professional trade with their desired leverage.
In copy trading, the trader initiates a trade. The investor (you) then copies the trader’s transaction. This process usually occurs automatically without the need for manual interventions. In this way, you may make a profit or a loss with the trader whose activity you have copied. So if their position grows, so will your position. However, the opposite can also happen.
ZuluTrade supports more than 40 Forex brokers and allows investors who have an account with another brokerage to easily link their new account to their existing account. This is one of the best copy trading platforms that is highly regarded by active traders in the Forex market.
Facilities:
- Ability to download transactions
- Free membership
- Ability to copy the portfolio of other investors
- Announcement in case of margin call
- Lots of professional trades
Pros:
- Good user interface
- offers a wide range of trades and traders for copy trading
- Provide the best risk management for experienced and inexperienced investors
- Provide a trial account with completely free features
Cons:
- Overnight fee required
- Inconsistent traders is common
- Not suitable for beginners
2. Dealerify
Dealerify is a platform for automated trading of digital currencies. Offers a very diverse and significant service to users. In fact, the Dealerify platform intends to make trading in the world of digital currencies enjoyable and profitable for all individuals and traders at any level.
Dealerify platform has provided free facilities for all its users for 7 days at the beginning of entering this platform, so that they can get acquainted with the platform conditions and its features and benefits at no cost.
One of the best features of Dealerify for professional traders is the ability to trade and manage 20 user accounts simultaneously with access to one account instead of several accounts in a very simple and practical space. This is actually a very useful feature for people who want to manage multiple accounts. For the safety and convenience of its users, this platform has no access to your exchange account or wallet, and you only connect your exchange API to the platform. So you can trade safely and make sure your capital is safe in the exchange.
Facilities:
- 7 days free use of all the features
- You can view all your positions on a page and make any decision you want for each of them as soon as possible.
- It is possible to trade and manage 20 user accounts simultaneously
- Trading is in a very simple and practical space.
- Ability to manage the risk of trading so easily
- You can set the minimum and maximum capital you want in each position
- Alert feature, enter the desired pairs and their price conditions
- You can see the balance of all your exchange accounts.
Pros:
- Easy to use platform specially for newbie
- You will not be charged extra for trading
- No withdrawal permission in API key settings
- High security
- You do not pay higher depending on the amount of capital
- Your capital is not blocked when setting positions, so you can set as many positions as you want
- Ability to close all positions with one click
- Ability to exit copy trading transactions
- Ability to determine the amount of capital used in copy trading
- 24hour support and response
Cons:
- The number of exchanges is limited
3. Etoro
Etoro is a copy trading broker founded in 2006 and is currently used by more than 120,000 traders. This copy trading platform allows users to trade stocks, commodities, Forex, CFDs, indices, cryptocurrencies, index-based funds, and exchange-traded funds (ETFs). EToro is one of the best Copy trading brokers are an ideal choice for users who prefer to stick to simpler applications.
Facilities:
- Investing and trading in different markets
- Ability to build a variety of trading baskets
- Familiarity with professional traders
- Use web-based platform and mobile application
- Account types include micro account, standard account, Islamic account and VIP account
- Respond to the customer via phone call, chat, and email
- Your funds are protected by industry-leading security protocols.
- It is not possible to share private data without permission.
Pros:
- A wide range of structures
- Reputable and supervised company
- The ability of a trader to keep their blog where they can connect with users.
- Availability of copy trade + terminal + bots
Cons:
- Inactivity costs
- Poor customer support
- A sophisticated tool for beginners
- Withdrawal fee
4. Coinmatics
Coinmatics is a digital currency trading system that was launched in 2018. The platform is a great tool for beginners and traders alike. In short, the service allows investors to copy cryptocurrencies automatically or manually. For traders, Coinmatics is an opportunity to monetize by increasing subscribers and making a profit from their copied trades.
In addition, there are other services that are useful for experienced traders. Including: arbitrage, ticker alerts and analysis. Today, there are 40 traders and more than 3,000 copy traders registered on this platform.
Pros:
- Unlimited free trial
- Additional analytical tools for professional traders
- Efficient and fast support
- Two-step authentication to protect the account
- Easy intuitive interface for digital currency beginners
Cons:
- Lack of Bainance Futures
- Lack of margin trading
- Unlimited free trial
- The principle of profit sharing
5. AvaTrade
AvaTrade is one of the best copy trading platforms based in Ireland and regulated by the Bank of Ireland in Europe. Avatrade provides users with a wide range of copy trading platforms and Forex spreads are fixed on this platform. Allows you to copy instantly from one business account to another automatically. This platform is available directly from Meta-Trader 5 operating system. The principle of service provided in AvaTrade is simple. A trader provides public access to trades in financial markets, while allowing other users to subscribe to these signals.
Facilities:
- Provide free and paid signals
- Trade digital currencies in CFD
- Ability to withdraw and deposit by bank transfer, credit card and PayPal
- Respond to the customer via phone call, chat, and email
- Ability to implement account management from anywhere in the world
- Trade digital currencies as our contracts with a difference of 24/7
- Provide flexible payment system: interbank transfer, credit card and PayPal
Pros:
- Having a valid regulation
- Protect the account against negative balance
- Providing services globally
Cons:
- Offering high passive commissions can discourage some regular traders with brokers.
