12 Best Crypto Copy Trading Platforms In 2022 For New Traders

You can allocate a certain amount to each expert and diversify your account, rather than placing all your eggs in one basket. CopyMe is a great copy trading platform that’s perfect for anyone looking to copy successful crypto trading strategies. The U.S.-based platform can be used to tap into the minds of trading professionals and effortlessly apply their strategies. The platform also allows you to adjust your risk and exposure levels, so you’re not completely dependent on another trader’s activity. While finding a profitable trader to copy is still up to you, we’ve saved you the hassle of finding them for yourself.

While Copy Trading is completely legal, some users, especially US residents, may have some inconveniences while copy trading due to the regulations and laws imposed by their government. FXTM, or ForexTime, was established in 2011 and is one of the top global brokers of CFDs and Forex. The FXTM headquarters is in Cyprus, and it is regulated and supervised by various financial authorities, including the U.K. Financial Conduct Authority and the Cyprus Securities and Exchange Commission. Any other currency will have to be converted and, therefore, will incur a conversion fee. No spam — just heaps of sweet content and industry updates in the crypto space.

Gate.io is a cryptocurrency exchange that allows its users to use copy trading on its platforms in order to maximize their gains. Established in 2018, Bybit is a fast-growing and innovative cryptocurrency derivatives exchange. The Bybit founders are a team of professionals with expertise in the Forex and investment banking industries. Bybit is registered in the British Virgin Islands and has its headquarters in Singapore. After you start your investment, you will have the same traders in your portfolio as the trader that you just copied.

They are one of only a few top forex brokers to offer fixed spread forex trading. Avatrade provides an extensive range of copy trading and social platforms for you to choose from. The copy trading platform you are using will usually show you how many people have copied a specific trader’s trades and how much money they have invested in his/her strategies. If a trader has a lot of users copying his trades and allocating a lot of money to his strategies, then he is most likely trusted. These platforms will help you improve your trading skills and eventually come up with your own successful trading strategies.

Variety Of Markets

Both copy trading and mirror trading are aspects of social trading. They all include copying another trader’s strategies, but are different when it comes to implementing them. Add to that, you should be always look out for any hidden costs or fees. Sometimes copy trading platforms will charge you withdrawal fees, which can be really high in case you are copy trading a strategy on Ethereum for example. ZIG holders are able to vote on new features that will be added to the platform. Add to that, those who provide liquidity for the ZIG token will be rewarded in NFTs.

Copy Trading is a software application that enables individuals in the financial markets automatically to copy positions opened and managed by another selected really. This technique allows traders to copy certain trading strategies. Copy-trading links a portion of the copying trader’s that funds to the copied investor’s account. Copy trading is a great way to create a cryptocurrency portfolio. Most new crypto investors have no idea where to start and how to pick the best assets for investments. But luckily, the most popular trading platforms offer multiple features to help you on your investment journey.

How Are Copy Crypto Traders

You can decide later whether you would like to fund the bot with real money or not. Before engaging in any type of financial investment, you should clearly define your financial goals. No minimum deposit is required, but there are minimum withdrawal amounts. To learn about copy trading, one of the most important things to be informed about the actual process of copy trading. No, there’s no minimum amount required for first-time deposits.

With Pionex, you’ll have 16 free crypto copy trading bots to choose from, which can help you begin to see profits before you’ve even decided on your preferred trading strategy. You simply share your email, and you can begin using Pionex’s automated trading software to lock in profits from day one. As one of the best crypto copy trading platforms for bot trading, you can copy trade using any number of strategies. You simply choose the copy trading strategy you want to copy — and the bot will take care of the rest. In this guide, we go over the ins and outs of copy trading, as well as the best crypto copy trading platforms to make the most of this 100 percent hands-off approach. They are copy investors who mimic the trades of more experienced users.

Step 4 Close The Investments At Any Time

However, these commissions don’t affect our processes for creating unbiased, honest and helpful content. Bybit aims to provide a secure and transparent trading environment. It remains customer-focused and strives to offer the best user experience. On their page, you will see all the details of your copy investment. As a new investor looking to use the copy trading system, you should decide on your goal. For instance, you might copy someone who is more interested in hedge funds, commodities, etc.

You proceed by signing up and depositing crypto, then pick a strategy that best suits your needs. You can close this investment and stop copying their traders at any time. While there is no need to keep an eye on your copy investment because the trader you are copying is already doing that, you may choose to stop copying their investments. Unlike even some of the best crypto copy trading platforms, MoonXBT also guarantees high liquidity. This, along with the platform’s one-of-a-kind contract structure, results in some of the fastest transaction processing times in the industry. Equally amazing is the margin offered by Gate.io to multiply its users’ earnings.

You should choose the traders to copy based on their trading performance and stats. No one will be able to withdraw your funds from the copy trading account. Another important thing to consider when choosing a copy trading platform is safety. In case the platform uses API keys to connect your exchange to the copy trading account, then feel free to proceed with them because they don’t have direct access to your funds. Zignaly provides a trading terminal which can help you automate some tasks on the platform and trade from multiple exchanges once you connect your account to these exchanges.

You need to make sure that the trader whom trades you are copying has a good success rate and a strong trading performance. Try to stick to the most popular ones on the platform you are using, since those traders are less likely to use black hat methods to manipulate you or the market. what is copytrading In addition to being a crypto copy trading platform, eToro is building a collaborative community for crypto traders. The platform gives seasoned traders the ability to share their ideas and strategies. Furthermore, you can start copy trading without having prior trading experience.

Step 1 Search For Traders Available For Copy Trading

Since the cryptocurrency trading market is rather new, it might be a good idea to follow a professional trader who has more technical knowledge than you have. If you don’t have enough experience trading cryptocurrency, it makes sense to copy their trades. This means that if you find a strategy you really like, but want greater risk control, you can treat the platform more like a signals provider. You can enter and exit your trades manually to lock in profits — without ever having to ask yourself if crypto copy trading is profitable.

• Copy Trading is a software application that enables individuals in the financial markets automatically to copy positions opened and managed by another selected really.
• What really sets Zignaly apart, however, is its optional profit-sharing feature.
• In other words, it’s trading in financial markets with other people around the globe doing the trading for you.
• Copy trading is a great way to create a cryptocurrency portfolio.
• It helps investors maximize their gains and minimize their losses.
• AvaTrade is a trusted global brand that is well-known for its extensive asset range for crypto, Forex, and CFD traders.

You’ll be able to test the platform with a $100.00 virtual portfolio and see how much money you can make. Add to that, Gate.io enables users to choose the estimated returning time and rate of return. The copying trader has the option to manage the copied trade however he sees fit. The copy trader program has a low entry barrier, as you only need to make your first deposit. Provide an alert if a margin call occurred and even allows you to download a spreadsheet of all the simulated trades. ZuluTrade is free to join, as you just need to pay the spread on trades.

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The use of AI algorithms makes this copy trading bot more reliable, since it can consistently improve its performance and provide a better experience for its users. Basically, this feature allows you to use historical market data to determine how the strategies offered by the platform would have performed in the past. These platforms allow their users to use a wide range of tools to minimize their risks. All the information contained on our website is published in good faith and for general information purposes only.

The copy trading feature means that all trades opened and closed by the trader are replicated in the follower’s account. BingX is an innovative crypto exchange that allows users to follow top traders. The platform was founded in 2018 and has its headquarters in Singapore. BingX aims to empower even new investors with the knowledge needed for making the right investments. The platform’s excellent analytics and crypto social trading network mean that you don’t have to navigate the crypto space alone. There are models that you can use to build your strategies, but you also have the option to copy the strategies of other traders through the copy trading feature.

After you become the Follower of a Principal Trader, the copying and execution of trades are automatic. All Principal Traders go through a strict audit to ensure outstanding performance and stable earnings. Shrimpy.io, or just Shrimpy to most, is a popular social trading platform and crypto portfolio rebalancing tool. The concept has already turned into some kind of a social layer between professional traders and those who only seek the opportunity to enter the market.

However, it doesn’t provide a good incentive for traders to enhance their strategies and do their own market research. Copy trading allows traders, whether experienced or not, to grow their portfolios without spending much time or effort. All they need to do is to monitor the strategies they are copying from time to time, and change those that are either not making enough gains. Wunderbit’s marketplace has very detailed statistics regarding all crypto bots or traders on the platform.

This strategy is one of the best performing strategies on the market nowadays. It helps investors maximize their gains and minimize their losses. This strategy is, simply put, buying a coin while the price is increasing and selling it gradually as the price starts dropping. All of Wunderbit’s copy trading is processed on the platform using your exchange’s API keys. That means your funds are less likely to be stolen compared to other copy trading platforms.

What Is Copy Trading In Crypto?

This makes AvaTrade one of the best copy trading platforms for traders interested in all financial markets, not just cryptocurrency. As soon as you start using a platform for copy trading, you’ll be able to easily filter through trading results from experienced traders. This makes it simple to find the best fit for your trading style and risk tolerance. Many brokers now offer automated copy trading, along with many other features. When choosing to copy the trades of other traders on the platform, you may filter those traders.

Crypto arbitration still works like a charm, if you do it right! Check out Bitsgap, leading crypto arbitrage bot to learn the best way of doing it. While https://xcritical.com/ you can’t copy trade directly on Binance, many platforms allow you to copy trade by linking your Binance account to your account using API keys.

However, you need to remember when selecting the traders to copy, you should know your trader’s position sizes they usually open, as this can impact your investment. This is one of the best copy trading platform, which helps you filter brokers based on paling kecil Deposit to start forex trading, mobile support, etc. ZuluTrade also allows login via Facebook, convenient for those who regularly log in to check their account.

Multiple Strategies To Choose From

The average copy trading platform charges a few hundred dollars for getting started with copy trading. For instance, eToro’s minimum balance that you need to start copy trading is $200. TradeBattles is mainly a game or, rather, a competition between traders. Everyone can participate, and the trader who got the maximum yield during the contest wins 50% of the prize pool.

Profit Sharing

The biggest challenge is to find an experienced trader to follow, who focuses on the assets that you’re interested in. Furthermore, you can always decide to stop copying the traders of others. Yes, copy trading is legal, but each country may impose its own regulations. Note that not all trading platforms are available for all regions. Brokerage platforms are submitted to much stricter regulations than crypto exchanges, offering crypto trading features.