Forex $ocial Traders
 

           

Top Forex Social Trading and Investment Networks

Top 8 Forex Social Trading Networks

Forex social investment networks are a very fast emerging trend in the world of currency trading. They allow investors and members to see what other social traders are doing, in order to gain a wider market knowledge and forex trading strategies. In most cases they allow you to copy or auto copy the trades of successful experts in exchange for a small commission.

This is possible because the retail Forex market is so small compared to the large inter-bank market. So the activities of individual retail traders have no effect on prices of currency pairs.

The biggest advantage of forex social networks is that more people turn a profit when compared to individual forex traders.Here are nine of the top social investment forex sites.

eToro

This is probably one of the biggest and most popular social networks. eToro OpenBook has more than 6 million users. Traders can trade not only currency pairs, commodities, stocks, indices, ETFs but now also very popular cryptocurrencies like Bitcoin, Ethereum, Dash, Ripple…. There are more than 600 assets you can trade. Unlike other social networks, here you can become a social trading guru even if you do not have any trading skills. You can simply copy other traders, create your own portfolio and offer that to other copiers.

 


Zulutrade

Same as with eToro, Zulutrade is one of the biggest forex social investment networks. You can test it on demo account or open a live account and connect it to one of forex brokers offered by Zulu. There are thousands of signal providers to follow and copy. Top of them have easily 10 thousands of followers with millions of dollars on their accounts.

Ayondo

This social trading network was founded in Germany, but its popularity grows rapidly throughout the rest of Europe and even world.
Ayondo offers an award winning trading platform for CFDs and spread betting. Another great feature Ayondo has to offer to you is auto trading. You can simply auto follow their Top traders and achieve the same trading performance.

InstaForex ForexCopy

Instaforex has been voted as “best broker in Asia” several times. Their customer base is growing fast, currently there are 7 million members from all over the world. Their ForexCopy system allows you to auto copy traders you choose at a set copy ratio. ForexCopy system is also designed for small investors as a min. amount you can copy others with is only $10.
Beside that InstaForex also offers PAMM system where you do not autocopy other traders but you invest your money and PAMM traders manage them directly on their trading account.

Tradeo

Tradeo has launched in 2012 as a place where forex traders could share their activities, ideas and were able to interact with other social community members.
This trading network also allows you to copy other trader´s activity.

MyFXBook

MyFXBook is another very popular FX social network. It is a huge community of forex traders. You can track deep statistics of other traders and you do not even have to register. Recently they launched their own autocopy system. However there are not so many traders to choose from.

FXSTAT

This website is similar to MyFXBook, but has a slicker design and more intuitive user interface. However, in the size of the community it falls behind its competitor. But you are able to follow and autocopy trades of other members for a commission. You can also become a Leader and let other members copy you. This way you can earn additional income on top of your earnings.

CopyOp

This social trading network was set up Anyoption (one of world´s largest binary option websites) in 2015.  CopyOp is a social investing network with focus on binary options trading. This innovative platform allows you to watch, follow and copy best binary option traders in real time with a single button click.

Forex social trading networks that have ceased their operations:

Curensee closed in october 2014
ZipSignals ceased their operations in december 2014
Signal Trader closed in december 2016
TradeCrowd in June 2017

Warning: Trading carries risk. Only risk capital you are prepared to lose. Past performance in not an indication of future results.