Here is a list of the top copy trading platforms. These networks allow you to copy the trades of successful traders. I've also included a number of social trading networks. These sites allow traders to share their trades, but they many not necessarily have a copy trading feature.
eToro is both a social trading and copy trading network. Currently eToro is the largest copy trading platform in the world. eToro has a great interface that even novice traders will find easy to use. Recently they've launched CopyPortfolios which group together a number of assets/traders for you to invest in. eToro is the pack leader and current gold standard in copy trading.
Minimum first Deposit: $200 (although varies by country). $200 is required in order to copy trade someone.
Ayondo is a German based social trading platform although is now offering its platform worldwide. Just like eToro, Ayondo is also the broker, so you don't need to pay any commissions on trades. Ayondo offers CFDs as well as spread betting, which may appeal to UK clients (for tax). There isn't a huge number of traders to copy, with currently around 2000 available.
Minimum Deposit: €100
Swipestox calls itself the social network for traders. Their platform is focused on stocks and instead of copying every trade a trader makes, you can select individual trades to copy. If someone copies your trade, you get paid a bonus. You'll need to connect Swipestox to a third party broker for trading with real money.
Minimum Deposit: Depends on your broker.
Select from over 200 verified signals that you can connect to your brokerage account. MyDigiTrade is obviously going for curation over quantity. Can be used with a demo account to simulate what real life trades would look like. MyDigiTrade is a free service as they make money through spreads.
Minimum Deposit: $100
Zulutrade has been around for a long time and is one of the largest and best known copy trading platforms. Zulutrade is just the signals provider, meaning you need to sign up for a broker as well. There are over 100k traders to follow (weirdly zulutrade claims to be the largest social trading network, yet there are over 1 million traders on etoro. odd). Zulutrade is a little more difficult to get up and running then the all in one copy trading platforms.
Minimum Deposit: Depends on the broker you choose. Will be around $300.
Collective2 aims to connect investors with successful traders. The difference with their approach is the minimum investment size. You'll be looking to invest around $10k in a strategy to this is really for high net worth investors. Collective2 charges a monthly fee, and this depends on the amount you've invested and the amount of strategies you want to copy.
Minimum Deposit: $$$ lots 😮
An all in one signals provider and broker. Unique in that they offer their own social trading platform as well Metatrader. This may appeal to those who enjoy using MT4. Currently there aren't a huge number of traders to copy. The top traders are only copied by one or two people. This platform definitely needs more people in order to be a success.
Minimum Deposit: $250
A social trading network for Binary Options. In opinion an extremely risky choice. You can watch, follow or copy successful binary options traders. Apparently there are no robots on the platform (compared to somewhere like zulutrade which is mainly just robots).
Minimum Deposit: $200
ForexCopy is the copy trading feature of InstaForex. InstaForex is a large forex broker, which is quite popular in Asia. The interface isn't exactly on par with many of the other platforms, and sadly the most copied traders on the platform seem to have lost quite a bit of money. Maybe not quite ready yet.
Minimum Deposit: $1
My top pick is the platform that I have used for the past 5 years – eToro. Readers of this blog will know I write about them a lot. That's because I'm a user and avid fan of the platform. Copy Trading should simplify investment and make it more approachable for people. And it should aim to reduce the risk. I feel that etoro best exemplifies these qualities.