Social trading platforms for crypto are trading platforms that have as many similarities with social networks as they do with traditional asset trading platforms.
In numerous cases, these platforms act as a broker that permits you to buy several assets, cryptocurrencies, ETFs and CFDs. These platforms often take some getting used to if you are used to trading on a “traditional” exchange.
We selected some of the best social trading platforms for 2021 for your consideration.
Ten – eToro
eToro is a trading platform for cryptocurrencies, stocks, assets and indices, traditional “fiat” currencies, and ETFs. It is a multi-asset brokerage and social trading company offering copy trading and financial services.
For your convenience, eToro offers several numerous tools and platforms. CopyTrading is one of eToro’s most popular products because it enables the copying of trades made by successful traders.
Nine – ZuluTrade
This is a social trading platform for copy trading based on the United States. ZuluTrade offers access to different investment strategies of experts and performance rating and also enables the copying and monitoring of successful traders. Traders can trade in indices (NASDAQ), goods, options, binary and stocks.
You can easily manage trading with numerous unique features, such as Zulu Script, Lock Trade and Zulu Guard. The minimum amount of deposit varies from $1 to $200. Beginners can copy trade of other experienced traders on this platform.
Eight – OctaFX
If you want to trade in Forex ECN, OctaFX can be a suitable platform. It allows you to trade on cryptocurrencies, metals and indices. You can follow other traders as per your convenience. Feel free to use the personal area of OctaFX to copy trading activities.
The platform offers different types of trading accounts, such as Sharia, Pro, ECN and Micro for advanced and beginner traders. Feel free to trade on MT4 and MT4 across mobile, web and desktop.
Seven – Darwinex
Darwinex has London-based headquarters to manage social trading assets. Darwinex is regulated by the FCA (the financial marketing of the United Kingdom). This social platform is famous for providing different trading tools to copy and mirror trades.
You have to open an account and maintain a minimum deposit of 500 USD. Deposits can be made using GBP, USD, and EUR. Traders can make payment via card, bank or the Trustly system.
Six – Collective2
Collective2 offers an algorithmic system for trading for retail traders and brokers. It is a non-broker network offering services in the United States. They accept clients holding accounts with their partnered brokers. Before accessing the platform, you have to choose an AutoTrade plan.
You can get a monthly subscription of Collective2 at $299. The individual system manager or trade leader will set a fee for specific strategies. Traders can get advantage of different trading systems. C2 offers a discounted subscription according to other strategies.
Five – Tradelize
Tradelize is a decentralized network for social trading that is based on live statistics. Traders have developed this platform with over ten years of trading experience. They offer the best trading services to crypto traders.
It is a reliable network for both professionals and beginners. You can take advantage of different functions and services. Tradelize offers several social and technical opportunities for growth.
Four – NAGA Trader
NAGA Trader offers several trading instruments that beginners will find easy to use. It allows users to network, copy trade, invest and connect in over 800 monetary instruments.
NAGA Trader enables trading in 11 cryptocurrencies, such as Bitcoin Cash, Ethereum, Litecoin, and Bitcoin.
For traders, NAGA is an easy platform to use. It offers a crypto wallet with multi-asset, charts and trading bots with artificial intelligence. These bots can trade for demo tokes and actual traders for testing.
Three – FBS CopyTrade
FBS is a popular broker with a consistent growth rate, several awards and impressive global outreach. They have more than 14 million traders in 190 countries. This social platform is available for iOS and Android users. You can sign up for free and deposit money through its app.
For traders, different payment choices are available, such as Skrill, Bitcoin, Connectum, Neteller and Perfect Money. The commission and minimum amount depend on the system of payment. Traders can get technical support through online chat.
Two – MQL5
MQL5 is a copy trading broker similar to MetaTrader 4 and 5. The platform is absolutely free for signal providers. Some traders have to pay a fee vary between 30 USD and 500 USD. You may not get accounts and transaction facilities.
You can use their web portal for analysis of trading, shared hosting services, and social trading. The legion for signal providers may vary significantly. Generally, MQL5 is a unique platform with several features.
One – Akashx
Akashx is a favorite social trading platform that allows you to access the largest community to trade. You can discover several top traders from the world to copy their trade. Link your current brokerage account and choose their strategies to copy trades.
This platform is friendly for everyone even beginners or seasonal professionals. You can use the collective wisdom of other traders to optimize your performance. The Akashx offers the best banking solution to sell, store and buy a property.
Social trading platforms are replacing brokers. These platforms allow you to copy and follow trades of other successful traders. Numerous trading platforms are available for your assistance.
For this reason, we have shortlisted 10 best social trading crypto and forex websites for 2021. If you are new in this field, get started with Akashx and use their online features and tools. Social trading platforms offer different trading methods and styles.
Fortunately, trading becomes easy with their online tutorial and tricks. You can evaluate trends and data to predict the current market flow and trends. Moreover, these websites allow you to connect with several traders from different parts of the world.
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Erik Christian Johnson
Risk Disclaimer: Trading Futures, Options on Futures, FOREX and Cryptocurrencies involves substantial risk of loss and is not suitable for all investors. Opinions, market data, and recommendations are subject to change without notice. Past performance is not indicative of future results.