I’ve been trading using the social trading platform, zulutrade for the last few months. The one slight issue I have with Zulutrade are the robots. Forex robots can work wonderfully for months and then suddenly start chewing through your cash. If they did work consistently there would be a lot more millionaires in the world.
One excellent alternative to Zulutrade is etoro.
eToro is a social trading platform that allows you to follow traders and automatically copy their trades. The great thing about the platform is that you can autotrade with as little as $50. This means, it’s well within the reach of the new investor to follow a number of traders and diversify your portfolio.
There are also no robots on etoro as they use their own platform which doesn’t allow it.
Furthermore etoro is huge. It has by far the largest number of traders. I’m looking forward to seeing how this platform grows over a number of years. I think there is a lot of potential!