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!
Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.