Compare Forex Social Trading Platforms

  • Mart Loaderidge

Where customers can fill out a form and receive customised quotations from up to four of the top platforms to participate in social trading.

Social Trading


Social trading is one of the mega trends of the last decade. The basic principle is impressively simple: Successful traders allow followers to copy their trading signals via specialised platforms.

The leader traders receive a small commission from the platform operator for this. The followers can even be highly capitalised mutual funds.

In some cases, the leader traders don't even have to trade with real money - they just have to be successful, their performance is strictly controlled and can also be perfectly understood by the followers.

Social trading is in contrast to the Expert Advisors: It works like the fight between man and machine. If you internalise this, you might ask: Why should I learn Forex trading at all?

Is social trading on the Forex recommended?


There is a clear answer to this question: yes, it is recommended. At the moment hardly anyone seriously recommends Expert Advisors except for the providers of such programs and brokers who want to use them to motivate beginners to act.

Social trading, on the other hand, is also praised by neutral observers such as financial journalists, otherwise, the performances (in contrast to the results of EAs) are perfectly open.

There are several special providers of social trading whose signallers also trade on the forex, of course, and many forex and CFD brokers now also offer an integrated social trading platform.

If you want to learn Forex trading, you shouldn't stop just because it seems so easy to just follow a leader trader. These traders can also get into bad phases or - due to a certain trading philosophy that does not have a sustainable effect - at some point no longer have any success.

You can also stop working as a signal generator. If you are learning to trade forex first.

How does social trading on the Forex work in detail?


Anyone for Forex Trading Signals wants to purchase is looking for providers for social trading and first compares the platforms and conditions.

Then registration with a trading account is required. In a few cases, the signals can also be viewed and reproduced completely anonymously.

Registering with an account has many advantages: The traders can use it to automatically copy the signals and then really no longer need to look. The same thing happens on your account as on that of the signaller.

That only requires trust. Traders can also select several signal generators and of course, also exchange them if the performance of one of the leader traders is no longer correct.

Signallers can become successful traders on some platforms at will, it is then up to their followers whether they copy the signals or not.