All Share (J203) = 88 342
Rand / Dollar = 18.58
Rand / Pound = 23.35
Rand / Euro = 19.33
Gold (usd/oz) = 2 928.65
Platinum (usd/oz) = 969.20
Brent (usd/barrel) = 76.29
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

Best Copy Trading Platforms October 2025

 

Best Copy Trading Platform

The 10 Best Copy Trading Platforms revealed. We have researched and tested several copy trading platforms, both third-party and those offered by reputable Forex and CFD Brokers, to find the 10 best listed.

 

In this in-depth write-up, you will learn:

  • Top 10 Forex Trading Platforms for Social Trading.
  • A Copy Trading Platform – Explained.
  • How Copy Trading Works.
  • What The Benefits Are of Copy Trading.
  • Is Copy Trading Profitable?
  • Best Copy Trading Brokers in South Africa.

And much, much more!

 

Best Copy Trading Platforms and Brokers

🔎 Broker🚀 Open an Account👥 Copy Trading💰 Min. Deposit📈 Leverage
🥇 AvaTrade👉 Open Account
Yes$100 USD / 1806 ZAR1:400
🥈 HFM👉 Open AccountYes$0 USD / 0 ZAR1:2000
🥉 Exness👉 Open Account
Yes$200 USD / 3581 ZAR1:2000
🥇 Pepperstone👉 Open Account
Yes$200 USD / 3581 ZAR500:1
🥈 FXCM👉 Open Account
Yes$50 USD / 895 ZAR1:30
🥉 Tickmill👉 Open AccountYes$100 USD / 1806 ZAR1:500
🥇 FP Markets👉 Open Account
Yes$100 USD / 1806 ZAR1:500
🥈 FXTM👉 Open AccountYes$10 USD / 179 ZAR1:2000
🥉 IC Markets👉 Open Account
Yes$200 USD / 3581 ZAR1:500
🥇 Axi👉 Open Account
Yes$0 USD / 0 ZAR1:500

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

Copy Trading – A Definition

Copy trading allows traders to copy the positions other successful traders take directly. Traders can decide the amount they wish to invest and copy everything automatically in real time.

 

10 Best Copy Trading Platforms for October (2025)

  1. ☑️AvaTrade – Best Overall Copy Trading Broker
  2. ☑️HFMExcellent Online Trading Experience.
  3. ☑️ExnessCopy trading Account with Best Trading Conditions
  4. ☑️PepperstoneLeading Copy Trading ECN Broker.
  5. ☑️FXCMLowest Spread Copy Trading Broker.
  6. ☑️Tickmill – Best Copy Trading Platform for Beginners.
  7. ☑️FP Markets – Best MT4 Copy Trading Broker.
  8. ☑️FXTM – High Forex Trust Score.
  9. ☑️IC MarketsAward-Winning Social Trading Broker.
  10. ☑️AxiPopular Forex Broker for Experience Traders.

 

1. AvaTrade

AvaTrade Review

 

AvaTrade allows investors to trade CFDs on FX, Stocks, Commodities, Crypto, Indices & Options.  AvaTrade offers tight spreads, no commissions, leverage of up to 400:1, and instant execution.

 

Min Deposit

USD 100

Regulators

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

AvaTrade offers three platforms for copy trading: ZuluTrade, AvaSocial, and DupliTrade. DupliTrade is a user-friendly trading platform that allows users to duplicate the actions of expert traders automatically.

 

Featured

CategoryDetails
Company Information
🏷️Company NameAvaTrade
📍Headquarters LocationDublin, Ireland
📅Year Established2006
👤CEO/FounderDáire Ferguson
🌐Global Offices Over 15 offices worldwide,
including Japan,
Australia,
and South Africa
🔖Licensing BodyCentral Bank of Ireland, ASIC,
FSA (Japan),
FSCA (South Africa),
ADGM (UAE)
👥Group CompaniesAva Capital Markets,
AvaTrade EU,
AvaTrade Japan,
AvaTrade Middle East
🏛️Business ModelMarket Maker
🌍Operational LanguagesOver 20 languages, including English,
Spanish,
French,
and Arabic
🏆Awards & RecognitionsBest Broker 2023,
Best Trading App 2022, among others
Regulation and Security
🛡️RegulationCBI,
BVI FSC,
ASIC,
FSCA,
ADGM,
FRSA,
ISA
✔️Compliance StandardsAdheres to MiFID II,
ASIC regulations,
and other regional compliance standards
💼Client Fund Segregation Yes,
client funds are held in segregated accounts
🪫Negative balance protectionYes,
ensuring traders cannot lose more than their account balance
🕵️‍♂️Financial Conduct OversightRegular audits and monitoring by respective regulatory bodies
💰Insurance CoverageProfessional indemnity insurance in line with regulatory requirements
📋AML & KYC PolicyStrict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies
🔒Security of Trading PlatformAdvanced SSL encryption, two-factor authentication (2FA), and secure servers
🛡️Investor Compensation FundMember of investor compensation schemes depending on regional regulations
🖥️Cybersecurity MeasuresRobust firewalls, regular penetration testing,
and secure backups
Account Types and Features
⚙️Standard Account Yes,
available with competitive features
📊ECN Account No,
AvaTrade does not offer an ECN account
🌙Islamic AccountYes,
swap-free accounts are available for Muslim traders
🎮Demo Account Yes,
a free demo account is available with virtual funds
👑VIP AccountYes,
available for high-net-worth traders with enhanced features
💵Minimum Deposit$100 / R1806
💱Base CurrenciesUSD,
EUR,
GBP,
AUD,
and others depending on the region
⚖️Leverage OptionsUp to 1:400
(varies based on region and asset class)
📈Spreads (Fixed/Variable)Fixed spreads
EUR/USD starts at 0.9 pips
🔄Swap-Free AccountsYes,
available for Islamic accounts
🌐Account Currency ConversionYes,
account currencies can be converted
during setup
🚨Margin Call Level50%
❌Stop-Out Level20%
🔄Hedging Allowed Yes
⚡Scalping AllowedNo,
scalping is not permitted under AvaTrade’s policies
🔁Copy Trading SupportYes,
through integration with ZuluTrade and DupliTrade
👥Social Trading FeaturesYes,
via third-party platforms
💼Managed AccountsNo, AvaTrade does not offer managed accounts
Trading Conditions
🔍Average SpreadsEUR/USD starts from 0.9 pips (fixed spreads)
💲Commissions per Trade None,
spreads only
🔢Leverage RangeUp to 1:400
🚀Execution SpeedUltra-fast execution
📊Order Execution TypeMarket execution
🔄Slippage PolicyMinimal slippage,
detailed in terms
📏Margin requirementsVaries by asset class
⏹️Stop-Loss and Take-Profit OrdersYes
🔁Trailing StopsYes
🕑Pending OrdersYes
🔽Partial FillsYes
🧾Dividend AdjustmentsYes
🌙Overnight Swap Fees Applicable,
waived for Islamic accounts
📆Rollover PolicyFollows market standards
🛑Guaranteed Stop LossYes,
for specific instruments
Trading Instruments
💹Forex Currency Pairs55+ pairs,
including majors,
minors,
and exotics
🪙Precious Metals (Gold/Silver)Yes
📈IndicesYes
🌾CommoditiesYes,
including soft commodities
⛽Energies
(Oil/Natural Gas)
Yes
₿CryptocurrenciesYes (via platforms and email)
📉StocksYes,
global stocks available
🗂️ETFsYes
🏛️BondsNo
📜Futures Contracts No
🛡️Options ContractsYes
⚖️CFDs
(Contracts for Difference)
Yes
🔣Swap on Trading BoardYes
🔀Leveraged InstrumentsYes,
leverage up to 1:400
🎯Micro-Lot TradingYes
💸Spread BettingYes,
available in some regions
🧺Currency BasketsNo
Deposits and Withdrawals
💳Deposit MethodsCredit/Debit Cards,
Bank Wire Transfer,
E-Wallets
(Skrill, Neteller),
Local Payment Methods
💵Withdrawal MethodsCredit/Debit Cards,
Bank Wire Transfer,
E-Wallets
(Skrill, Neteller)
⏱️Processing Time for DepositsYesInstant for most methods,
1-3 business days for bank transfers
🕒Processing Time for Withdrawals24-48 hours for most methods,
up to 5 business days for bank transfers
🚫Deposit FeesNo
💵Withdrawal FeesNo
🔢Minimum Deposit Amount$100
📉Minimum Withdrawal Amount$100 (may vary by method)
🚪Maximum Withdrawal Limit No specific limit,
subject to account balance
💱Supported CurrenciesUSD,
EUR,
GBP,
AUD,
and more
₿Crypto Deposits & WithdrawalsNot supported
🏦Bank Wire TransfersSupported
💳Credit/Debit CardsSupported
📲E-Wallets
(Skrill, Neteller, etc.)
Supported
🏘️Local Payment MethodsSupported
(varies by region)
Trading Platforms and Tools
💻MetaTrader 4 (MT4) Yes,
fully supported
👩‍💻MetaTrader 5 (MT5)Yes,
available for advanced trading
🖥️Proprietary PlatformYes,
AvaTradeGo and WebTrader
📱Mobile Trading AppYes,
AvaTradeGo offers comprehensive mobile trading
🌐Web-Based PlatformYes,
WebTrader is available
🤖Trading BotsYes,
compatible with EAs (Expert Advisors)
🖧VPS ServicesAvailable upon request
🔌API ConnectivityNo
📉Charting ToolsAdvanced charting tools are available
🧮Custom IndicatorsSupported via MT4/MT5
🧠Market Sentiment Analysis Yes,
integrated into platforms
📩Trading SignalsYes,
via partnerships with Trading Central
🏷️Advanced Order TypesYes,
including stop orders and limit orders
⚠️Risk Management ToolsYes,
includes guaranteed stop-loss and negative balance protection
📅Economic Calendar Yes,
provided within the platform
📰Market News Feed Yes,
updated in real-time
Customer Support
📞Support ChannelsLive Chat,
Email,
Phone,
FAQ/Help Center
🗨️Live Chat Availability24/5
📧Email SupportAvailable
📱Phone SupportAvailable
🌍Multilingual SupportYes,
supports multiple languages
❓Help Center/FAQComprehensive Help Center and FAQs
👨‍💼Dedicated Account ManagerAvailable for premium accounts
⏲️Response Time (Live Chat)Within a few minutes
🕒Response Time (Email)24-48 hours
⭐Support Rating High-rated for responsiveness and efficiency
Educational Resources and Support
🎥Webinars Regular webinars on various trading topics
🏫SeminarsAvailable in selected locations
📖Trading TutorialsComprehensive beginner and advanced tutorials
📊Market Analysis ReportsDaily and weekly market analysis reports
📚E-BooksVarious e-books covering different aspects of trading
🎬Video LibraryExtensive library with video tutorials
📜GlossaryDetailed glossary of trading terms
❔FAQs Frequently Asked Questions section covering general and account-related inquiries
🆕Beginner GuidesStep-by-step beginner guides to help new traders
🚀Advanced Trading StrategiesIn-depth strategies for experienced traders to enhance trading skills
Partnerships and Programs
📋IB ProgramYes
🪪Affiliate program?Commission-based program for affiliates promoting AvaTrade
🏷️White Label SolutionsCustomized solutions for financial institutions and brokers to offer AvaTrade's services under their brand
🎁Partnership Rewards Rewards and bonuses for partners based on performance and business growth
🏛️Institutional SolutionsTailored solutions for financial institutions, including liquidity services
🔌API Partnership AvaTrade offers API access for integrating their trading services into third-party platforms
🤝Referral ProgramIncentives for clients who refer new traders to AvaTrade
Fees & Charges
💳Deposit FeesNo deposit fees for most methods
📤Withdrawal FeesNo withdrawal fees for most methods
💤Inactivity FeeInactivity fee of $50/month after 3 months of no trading activity
🌜Overnight Fees (Swaps)Charges/credits depend on the position,
asset class,
and market conditions
💱Conversion FeesConversion fees apply when depositing or withdrawing in a different currency than the account's base currency
💰Commission on TradesNo commission for standard accounts,
but commissions may apply for certain account types like ECN accounts
Market Research ToolsAvaTrade offers an economic calendar with key financial events and news updates.
📅Economic CalendarAvaTrade offers an economic calendar with key financial events and news updates.
📰Market NewsAvaTrade provides real-time market news from leading financial sources.
📩Trading Signals AvaTrade offers trading signals through third-party providers and on its platform.
🔧Technical Analysis ToolsAvaTrade includes charting tools,
technical indicators,
and analysis features.
💭Sentiment Analysis AvaTrade provides sentiment indicators, showing the market mood and trends.
Additional Features
👥PAMM/MAM Accounts AvaTrade offers PAMM
(Percentage Allocation Management Module) and MAM
(Multi-Account Manager)
accounts for fund managers and clients.
🔗Social Trading PlatformAvaTrade provides a social trading platform allowing users to follow and copy trades of others.
🏆Trading CompetitionsAvaTrade hosts periodic trading competitions with cash prizes and other rewards.
🎁Loyalty RewardsAvaTrade has a loyalty program offering benefits such as bonuses and other perks for active traders.
👑Exclusive VIP PerksAvaTrade offers VIP clients exclusive services like personalized account management and special offers.
Promotions & Bonuses
🎁Welcome Bonus AvaTrade offers a welcome bonus to new clients upon opening and funding their accounts.
💵Deposit Bonus AvaTrade may offer deposit bonuses,
providing additional trading funds on qualifying deposits.
🏅Trading ContestsAvaTrade organizes trading contests,
where participants can win prizes based on their trading performance.
🌟Seasonal PromotionsAvaTrade runs seasonal promotions throughout the year,
offering special deals and bonuses.
🎖️Loyalty ProgramsAvaTrade offers loyalty programs that reward clients for their continued trading activity with perks and bonuses.
User Experience & Reviews
🖥️User Interface QualityAvaTrade’s platform offers a clean and intuitive interface,
designed for both beginner and experienced traders.
🔒Platform StabilityAvaTrade’s platform is known for its stability,
with minimal downtime and robust performance under various market conditions.
📱Mobile App Reviews The mobile app receives positive reviews for its ease of
use,
offering a wide range of features similar to the desktop platform.
⭐Overall User RatingAvaTrade generally holds a solid rating from users,
with many praising its comprehensive offerings and user-friendly interface.
🌟Trustpilot RatingAvaTrade maintains a strong Trustpilot rating,
with many clients expressing satisfaction with their services.
😟Common ComplaintsCommon complaints include slow customer support response times and occasional withdrawal issues.
Mobile
📱Mobile App NameAvaTradeGO
🛠️Developer AvaTrade Ltd.
📅Release Year2019
💻OS CompatibilityiOS, Android
🌐Languages SupportedEnglish,
French,
Spanish,
Italian,
Arabic,
Portuguese,
and others
📈Trading InstrumentsForex,
CFDs,
Commodities,
Stocks,
Indices,
Cryptocurrencies
🔄Real-Time DataYes,
with live market data and updates
🛠️Charting ToolsAdvanced charting tools with technical analysis indicators
📊Order Types SupportedMarket Orders,
Limit Orders,
Stop Orders,
OCO,
Trailing Stop
🚀Order Execution SpeedFast,
near-instant execution on mobile
🔔Custom Alerts Yes,
users can set price alerts and notifications
🤝Beginner-Friendly Yes,
the app is designed with simplicity and ease of use
🔐Security FeaturesTwo-factor authentication (2FA), encryption
🖥️SynchronizationSyncs across all devices (mobile and desktop)
💰Deposit and Withdrawal Yes,
mobile deposits and withdrawals are supported
📝Account Types AccessibleAll account types available,
including demo accounts
🔄Switch AccountsYes,
users can switch between accounts easily
💬In-App SupportLive chat support available within the app
📚Educational Resources Access to tutorials, webinars,
and market analysis
🎯WatchlistYes,
users can create and manage a personalized watchlist
🌙Dark ModeYes,
the app supports dark mode for better visibility
🌐Social TradingYes,
users can engage in social trading within the app
AI Trading Resources
🤖AI IntegrationAvaTrade offers AI-powered trading tools,
integrated into the platform
📊Data Analysis Yes,
AI-driven data analysis for enhanced decision-making
📈Predictive AnalyticsYes,
predictive tools are available to anticipate market trends
🛠️Customizable StrategiesYes,
users can customize their trading strategies using AI tools
📉Risk Management ToolsAdvanced AI tools to assess and manage trading risks
🧑‍🏫Trading InsightsAI-based insights and recommendations for optimal trades
🚀Execution OptimizationAI-driven algorithms that optimize order execution speed
🔄Portfolio RebalancingYes,
AI can assist in portfolio rebalancing based on market changes
📚AI TutorialsAvailable educational resources on how to use AI tools in trading
🎥Video DemonstrationsYes,
video tutorials explaining how to use AI features
🧑‍🤝‍🧑Webinars Yes,
webinars are available to discuss AI trading strategies
🔍AI-Powered Search Yes,
search tools are enhanced with AI to provide more accurate results
🌟Beginner-Friendly Yes,
AI tools are designed to be accessible for beginners
🖥️Platform AvailabilityAvailable on both desktop and mobile platforms
📈Backtesting CapabilityYes,
users can backtest strategies using historical data
🛠️Strategy BuilderYes,
users can build and customize their own AI-driven strategies
🔔Alerts and NotificationsYes,
AI-powered alerts for market events and strategy changes
🔒Data ProtectionStrong encryption and data protection measures in place
👁Transparency Full transparency on how AI algorithms work and make decisions
Social Media Platformst
📘FacebookAvaTrade is active on Facebook,
providing updates,
news,
and promotions.
📷InstagramAvaTrade uses Instagram to share educational content,
market analysis,
and trading tips.
🐦Twitter AvaTrade regularly tweets market insights, promotions, and company news.
💼LinkedIn AvaTrade maintains a professional LinkedIn presence, sharing company updates and industry news.
🎥YouTubeAvaTrade's YouTube channel features tutorials, webinars, market updates, and promotional content.
👉Open AccountOpen Account

 

AvaTrade Duplitrade

 

Pros and Cons

✅ Pros❌ Cons
Easy Account openingLimited product portfolio
No withdrawal feeAdministration fee
Low trading feesInactivity fee
Negative balance protectionNot listed on stock exchange

 

Our Findings

AvaTrade is a well-regulated forex broker with oversight from the ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, and JFSA, ensuring high security and compliance. The broker offers fixed spreads and a variety of trading platforms.

 

2. HFM

HFM Review

 

HFM is an award-winning forex and commodities broker that offers access to trading services and facilities.  HFM Clients will have access to various account types, trading software, and tools.

 

Min Deposit

USD 0 / ZAR 0

Regulators

FSCA, DFSA, FSC, CMA. FCA

Trading Platform

MT4, MT5, HFM Platform

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

No Trading Fees

Account Activation

24 Hours

 

HFM has Introduced the Copy Trading Pro Account. The interface allows users to follow more experienced investors and automate the process of copying their positions. Investors can follow signal providers and strategies beyond their countries (regardless of regulation).

 

Featured

🔎BrokerHFM
Company Information
📅Year Founded2010
🧑🏻‍💻Amount of staff500+
👩‍💻Amount of active traders300,500 000 mil
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSCA,
CySEC,
FCA,
DFSA,
FSA,
CMA
🌎Country of regulationUK,
South Africa,
Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsPremium Account,
Zero Spread Account,
Pro Account,
HFcopy Account
💳Institutional AccountsYes
👨‍💼Managed AccountsNot offered
📇Minor account currenciesAUD,
GBP,
USD,
EUR,
CAD,
CHF,
JPY,
SGD,
HUF,
PLN,
NZD,
ZAR
💰Minimum Deposit$0 USD / 0 ZAR
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeFree up to a certain amount
📊Spreads from0.1 pips
💸CommissionsNo
💱Number of base currencies supportedOver 50
🚀Swap FeesOvernight financing fees apply
📈Leverage1:30
📏Margin requirements0.50%
☪️Islamic account (swap-free)Yes,
available upon request
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 500+
🗠CFD Stock IndicesYes,
HFM offers CFDs on major global stock indices,
including US30 (Dow Jones),
UK100 (FTSE),
and many more.
⚖️CFD CommoditiesYes,
HFM provides CFDs on a variety of commodities, including Gold, Oil, and others.
📜CFD SharesYes,
HFM allows trading CFDs on a selection of popular company shares,
such as Amazon and Meta.
However, the total number of individual stock CFDs may be limited compared to specialized stock brokers.
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards,
bank transfers,
electronic wallets.
💵Withdrawal OptionsMust be sent via the same payment method used for deposit
Trading Platforms and Tools
💻Trading PlatformsHFM Platform, MT4
👩‍💻OS CompatibilityWindows,
macOS,
Web,
Mobile
(Android, iOS)
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addresssupport.za@hfm.com
📞Customer Support Contact Number+27-104 439 924
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported on Website27 languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes, HFM offers a multi-award winning affiliate program with competitive commissions, marketing tools, and dedicated support.
👨‍🏫Amount of partners41 000
📋IB ProgramYes, HFM has a dedicated IB (Introducing Broker) program with custom solutions for introducing new clients.
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open Account👉Open Account

 

HFM Copy Trading

 

Pros and Cons

✅ Pros❌ Cons
FSCA Regulated US clients not accepted
Fast and easy account openingHigh bank withdrawal fees
Low trading feesInactivity fee after one year

 

Our Findings

Our findings highlight that HFM has a strong regulatory standing, user-friendly platform, and multiple account types to cater to various trader profiles.

 

3. Exness

Review Exness

 

Exness offers online trading with better-than-market conditions.  Exness withdrawals are carried out in seconds, with accounts available to suit individual trading needs.

 

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Platform

MT4, MT5, WebTerminal, Exness Terminal

Crypto

Yes

Total Pairs

97

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Exness Social Trading allows traders to copy experienced traders who are earning from profitable trades while completely controlling their investments.

 

Featured

Company Information
📅Year Founded2008
🧑🏻‍💻Amount of staffOver 2,100
👩‍💻Amount of active tradersOver 320,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
🌎Country of regulationCyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard, Raw Spread, Standard Cent, Zero, Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesEUR/USD & USD/JPY
💰Minimum Deposit$10 / R179
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant to 1 business day
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads from0.3 pips
💸CommissionsVaries by account type, often commission-free
💱Number of base currencies supported+40
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:2000
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 200
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards,
Bank Transfers,
E-Wallets
(Skrill, Neteller, etc.),
Cryptocurrencies (Bitcoin, Ethereum, etc.)
💵Withdrawal OptionsCredit/Debit Cards,
Bank Transfers,
E-Wallets
(Skrill, Neteller, etc.),
Cryptocurrencies
(Bitcoin, Ethereum, etc.)
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5),
Exness Trade
👩‍💻OS CompatibilityWindows,
macOS,
iOS,
Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addresssupport@exness.com
📞Customer Support Contact Number+35725030959
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported on Website15 Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners64 000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, sponsorship agreement with LALIGA, the top professional football division in Spain
🪙Rebate programYes
South African Trader Specific Information
Does Exness Accept South African Traders?Yes
Is Exness regulated by the South African regulatory body (FSCA)?Yes
Does Exness offer an Affiliate Program for South African Traders?Yes
Does Exness allow opening trading accounts in ZAR (South African Rand)?Yes
👉Open AccountOpen Account

 

Exness Copy Trading

 

Pros and Cons

✅ Pros❌ Cons
Segregates client fundsLimited range of instruments
Established in 2008Not FCA Regulated

 

Our Findings

Exness is a highly regarded broker offering a strong combination of competitive trading conditions, including low spreads, high leverage, and several account types.

 

4. Pepperstone

Pepperstone Review

 

Pepperstone is a well-established Australian brokerage firm fully regulated by ASIC, FCA, and CMA. Client funds are kept in segregated accounts with tier-1 banks.

 

Min Deposit

USD 0

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Platform

MT4, MT5, cTrader, TradingView

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pepperstone has partnered with various social trading platforms to help traders access strategies from the world’s best traders. Social Trading Platforms made available by Pepperstone include Myfxbook, MetaTrader Signals, and DupliTrade.

 

Featured

🔎BrokerPepperstone
Company Information
📅Year Founded2010
🧑🏻‍💻Amount of staff300+
👩‍💻Amount of active traders300,000+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC,
BaFin,
CMA,
CySEC,
DFSA,
FCA,
SCB
🌎Country of regulationAustralia,
UK,
Dubai,
Bahamas,
Kenya
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesFSCS
(UK clients)
Account Types and Features
💳Institutional AccountsNo
👨‍💼Managed AccountsYes (MAM/PAMM)
📇Minor account currenciesUSD, EUR, GBP, AUD, JPY, CHF
💰Minimum Deposit$0 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNo fees
📊Spreads from0.0 pips
💸CommissionsFrom $3.50 per lot (Razor Account)
💱Number of base currencies supported10+
🚀Swap FeesApplicable (except Islamic accounts)
📈LeverageUp to 1:500
📏Margin requirementsVaries by asset
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time30ms
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered1,200+
🗠CFD Stock Indices15+
⚖️CFD Commodities25+
📜CFD Shares900+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
cTrader
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsSmart Trader Tools, Autochartist,
VPS
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@pepperstone.com
📞Customer Support Contact Number+44 203 097 8755
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website10+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles,
videos,
webinars,
tutorials
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners1,000+
📋IB ProgramYes
🪙Rebate programYes
👉Open Account👉 Open Account

 

Pepperstone

 

Pros and Cons

✅ Pros ❌ Cons
Fast Account OpeningMostly CFDs Offered
Excellent Customer SupportBasic MetaTrader Platform
Negative Balance ProtectionNo Managed Accounts

 

Our Findings

Our findings show that Pepperstone offers diverse trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, providing flexibility for different trading styles.

 

5. FXCM

FXCM Review South Africa

 

FXCM is an award-winning provider of Forex, stocks, CFD trading, and related services. Users can start trading with no commissions and low spreads.

 

Min Deposit

USD 50

Regulators

FCA

Trading Platform

MT4, NinjaTrader, Trading Station

Crypto

Yes

Total Pairs

42

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FXCM offers social trading via the ZuluTrade trading platform.  ZuluTrade allows users to copy leading Traders directly to their FXCM trading account.

 

Featured

Company Information
📅Year Founded1999
🧑🏻‍💻Amount of staffOver 150
👩‍💻Amount of active tradersNot publicly disclosed
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFCA (UK),
ASIC (Australia),
FSCA (South Africa),
CySEC (Cyprus)
🌎Country of regulationUK,
Australia,
South Africa,
Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes, through regulatory bodies
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesEUR,
GBP,
AUD,
JPY,
CAD
💰Minimum Deposit$50 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeVaries by method
📊Spreads from1.3 pips on EUR/USD
💸CommissionsNone on standard accounts
💱Number of base currencies supported4
🚀Swap FeesApplicable
📈LeverageUp to 30:1
📏Margin requirementsVariable based on asset and leverage
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time20-30 milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 350
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank Transfer,
Credit/Debit Cards,
Skrill,
Neteller,
UnionPay,
others
💵Withdrawal OptionsBank Transfer,
Credit/Debit Cards,
Skrill,
Neteller,
UnionPay,
others
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
Trading Station,
NinjaTrader,
ZuluTrade
👩‍💻OS CompatibilityWeb-based (All major browsers),
Windows,
macOS,
iOS,
Android
🖥️Forex trading toolsTrading signals,
Market analysis tools,
Automated trading
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addressinfo@fxcm.com
📞Customer Support Contact Number+44 2073984050
👾Social media PlatformsFacebook,
Twitter,
LinkedIn,
YouTube
🗣️Languages supported on WebsiteEnglish,
French,
German,
Chinese,
Italian,
Arabic,
more
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesVideo tutorials,
Articles, Webinars,
Market analysis
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot publicly disclosed
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?No
🪙Rebate programYes
👉Open Account👉 Open Account

 

FXCM

 

Pros and Cons

✅ Pros❌ Cons
Low Stock and ETF feesLimited product portfolio
Fast and easy account openingPoor mobile platform
Low trading feesHigh AUD/USD trading fee

 

Our Findings

Our findings reveal that FXCM excels in providing robust charting tools and research resources, making it a good choice for analytical traders.

 

6. Tickmill

Tickmill Review

 

Tickmill offers its clients a wide range of services and products. It is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Financial Sector Conduct Authority (FSCA) within several regions.

 

Min Deposit

USD 100

Regulators

CySEC, FCA, FSA, FSCA

Trading Platform

MT4, MT5, Tickmill Trader

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Tickmill allows users to copy successful traders within their MetaTrader4 Account. Copy Trading with Tickmill offers ease of use, managed risk, and access to accurate statistics.

 

Featured

🔎BrokerTickmill
Company Information
📅Year Founded2014
🧑🏻‍💻Amount of staff441
👩‍💻Amount of active tradersOver 400 000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSA, FCA, CySEC, Labuan FSA, FSCA
🌎Country of regulationSeychelles, UK, Cyprus, Malaysia, South Africa
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsPlus account and Raw account
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD, EUR, GBP, ZAR
💰Minimum Deposit$100 USD
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant to 1 business day
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads from0.0 pips
💸CommissionsVaries by account type, often commission-free
💱Number of base currencies supported4
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:1000
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes, for an additional fee
Trading Instruments
🧾CFDs-Total OfferedOver 725
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT)
💵Withdrawal OptionsCredit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT)
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App
👩‍💻OS CompatibilityWindows, macOS, iOS, Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addresssupport@tickmill.com
📞Customer Support Contact NumberSouth Africa: +278 7250 0696
International: +852 5808 7849
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on Website17 Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners9000+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open AccountOpen Account

 

Tickmill

 

Pros and Cons

✅ Pros❌ Cons
Competitive pricingLimited platform options
Well regulated
High leverage

 

Our Findings

Our findings indicate that Tickmill offers fast execution speeds and is highly suitable for beginner and professional traders. The broker is regulated by top-tier authorities, ensuring a safe trading experience.

 

7. FP Markets

FPMarkets Review

 

FP Markets offers access to Forex, Share CFDs, Indices, Commodities, and Cryptocurrencies.  FP Markets users will receive Tight Raw Spreads from 0.0 Pips and Leverage up to 500:1.

 

Min Deposit

USD 100

Regulators

ASIC, CySEC, FSCA, CMA

Trading Platform

MT4, MT5, Iress Trader, cTrader

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FP Markets Copy Trading allows investors to find, follow, and copy successful traders automatically. It is available on both the MetaTrader4 and MetaTrader5 platforms.

 

Featured

Company Information
📅Year Founded2005
🧑🏻‍💻Amount of staff274
👩‍💻Amount of active tradersOver 200,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC, CySEC, FSCA, FSA, FSC, CMA
🌎Country of regulationAustralia, Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard, Raw ECN, and VIP accounts available
💳Institutional AccountsYes, tailored solutions for institutional clients
👨‍💼Managed AccountsYes, offered through third-party managed account services
📇Minor account currenciesUSD, EUR, GBP, AUD, JPY, and others
💰Minimum Deposit$100 / R1806
Trading Conditions
🕞Average deposit/withdrawal processing timeDeposits are typically processed instantly; withdrawals usually within 1-2 business days
🪙Fund Withdrawal FeeGenerally no fees for withdrawals; may vary based on method
📊Spreads fromSpreads start from 0.0 pips on Raw ECN accounts
💸CommissionsFrom $3.5 per side per lot on Raw ECN accounts
💱Number of base currencies supportedOver 10 base currencies including USD, EUR, GBP, AUD, JPY, and others
🚀Swap FeesSwap fees apply; may vary depending on the position and account type
📈LeverageUp to 1:500 depending on the account type and instrument
📏Margin requirementstypically 0.2% - 1%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically 40-50 milliseconds on Raw ECN accounts
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 1,000 CFDs across various asset classes
🗠CFD Stock IndicesYes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more
⚖️CFD CommoditiesYes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more
📜CFD SharesYes, A wide range of global stocks from major markets including US, UK, EU, and Asia
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets
💵Withdrawal OptionsBank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView
👩‍💻OS CompatibilityWindows, Mac (via emulation), Android, iOS
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes, available 24/7
📱Customer Support email addresssupport@fpmarkets.com
📞Customer Support Contact Number+61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK)
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on WebsiteEnglish, Chinese, Arabic, and other major languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 100,000 affiliates
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open AccountOpen Account

 

FP Markets

 

Pros and Cons

✅ Pros❌ Cons
Easy and fast account openingLimited product portfolio
Low trading feesHigh CFD fees
Fast execution of tradesHigh minimum deposit
Low Forex feesHigh fee for international bank withdrawal

 

Our Findings

Our findings show that it provides tight spreads, particularly on its RAW account, and fast execution speeds, making it highly competitive for active traders.

 

8. FXTM

ForexTime Review

 

FXTM is a global CFD and FX broker regulated by several financial authorities. Customer service is offered in several languages, and multiple educational tools and a demo account are available.

 

Min Deposit

USD 200

Regulators

FCA, FSC, FSCA

Trading Platform

MT4, MT5, FXTM Trader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FXTM allows traders to start copy trading with as little as USD 100 and receive access to zero spreads on major FX pairs.

 

Featured

🔎BrokerFXTM
Company Information
📅Year Founded2011
🧑🏻‍💻Amount of staff700+
👩‍💻Amount of active tradersOver 3 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFCA,
FSCA,
FSC
🌎Country of regulationUK,
South Africa,
Mauritius
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesICF (Investor Compensation Fund)
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsYes (PAMM accounts)
📇Minor account currenciesUSD,
EUR,
GBP,
AUD,
ZAR
💰Minimum Deposit$200 / R3709
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeVaries by method
📊Spreads from0.1 pips
💸CommissionsFrom $4 per lot (on certain accounts)
💱Number of base currencies supported7
🚀Swap FeesApplicable
📈LeverageUp to 1:2000
📏Margin requirementsVaries based on leverage and asset
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.01 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered250+
🗠CFD Stock Indices11
⚖️CFD Commodities6
📜CFD Shares120+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
FXTM Trader App
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsTrading signals,
VPS,
economic calendar
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@fxtm.com
📞Customer Support Contact Number+44 203 734 1071
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website15+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles,
tutorials,
videos,
webinars
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners3,000+
📋IB ProgramYes
🪙Rebate programYes
👉Open Account👉 Open Account

 

FXTM Copy Trading

 

Pros and Cons

✅ Pros❌ Cons
Fast execution speedsBonus programs might be restricted in some regions.
High leverage (up to 1:2000)High leverage can increase risk, especially for beginners.
Tight spreads on ECN accountsLower leverage options for EU/UK clients due to regulations (1:30 for retail traders).
Access to MetaTrader 4 & 5High inactivity fees if the account is dormant.
Good educational resourcesCustomer support can sometimes be slow during peak times.
Regulated by several authorities (FCA, CySEC, FSCA)Limited product offering outside Forex (fewer stocks and indices).

 

Our Findings

Our findings reveal that FXTM offers competitive spreads and a broad selection of forex pairs and CFDs. The broker is well-regulated and provides access to popular platforms like MetaTrader 4 and MetaTrader 5.

 

9. IC Markets

IC Markets Review

 

IC Markets is a renowned Forex CFD provider that offers trading solutions for active day traders and scalpers. IC Markets offers cutting-edge trading platforms, low latency connectivity, and superior liquidity.

 

Min Deposit

USD 200

Regulators

ASIC, CySEC, FSA, SCB

Trading Platform

MT4, MT5, WebTrader

Crypto

Yes

Total Pairs

61

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

IC Markets offers mirror trading through the cTrader Copy Trading platform. This platform allows users to Automate top trading strategies, grow their Investments with transparent service, and manage risk.

 

Featured

🔎BrokerIC Markets
Company Information
📅Year Founded2007
🧑🏻‍💻Amount of staffOver 200
👩‍💻Amount of active tradersOver 180,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC (Australia),
CySEC (Cyprus),
FSA (Seychelles)
🌎Country of regulationAustralia,
Cyprus,
Seychelles
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes, through regulatory bodies
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesEUR,
GBP,
AUD,
CAD,
CHF,
JPY,
NZD,
SGD,
HKD
💰Minimum Deposit$200 / 3607 ZAR
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeNone for most methods
📊Spreads from0.0 pips on Raw Spread accounts
💸Commissions$3.50 per lot per side on Raw Spread accounts
💱Number of base currencies supported10
🚀Swap FeesApplicable
📈LeverageUp to 500:1
📏Margin requirementsVariable based on asset and leverage
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeAverage 40 milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 2300
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank Transfer, Credit/Debit Cards,
PayPal,
Skrill,
Neteller,
UnionPay,
others
💵Withdrawal OptionsBank Transfer, Credit/Debit Cards,
PayPal,
Skrill,
Neteller,
UnionPay,
others
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
MetaTrader 5,
cTrader,
IC Markets WebTrader
👩‍💻OS CompatibilityWeb-based
(All major browsers), Windows,
macOS,
iOS,
Android
🖥️Forex trading toolsAutochartist,
Trading Central,
ZuluTrade,
Myfxbook,
Advanced charting tools
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@icmarkets.com
📞Customer Support Contact Number+61 2 8014 4280
👾Social media PlatformsFacebook,
Twitter,
LinkedIn,
YouTube
🗣️Languages supported on WebsiteEnglish,
Chinese,
Spanish,
Italian,
French,
more
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesVideo tutorials,
Articles, Webinars,
Market analysis
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot publicly disclosed
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?No
🪙Rebate programYes
👉Open Account👉 Open Account

 

IC Markets

 

Pros and Cons

✅ Pros❌ Cons
Low Forex FeesLimited Product Selection
Easy Account OpeningSlow Chat Response

 

Our Findings

Our findings highlight that it offers competitive spreads, particularly on its Raw Spread account, and supports various platforms, including MetaTrader 4, MetaTrader 5, and cTrader.

 

10. Axi

Axitrader Review

 

Axi is a trusted brokerage firm that caters to 60’000+ traders across 100+ countries.  Axi offers Ultra-competitive pricing, unbeatable value, free education, and award-winning 24/5 customer service.

 

Min Deposit

USD 0

Regulators

ASIC, FCA, DFSA

Trading Platform

MT4

Crypto

Yes

Total Pairs

140+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Axi allows copy trading using the Myfxbook Autotrade application, a third-party application made available through the MT4 trading application.

 

Featured

Company Information
📅Year Founded2007
Current CEORajesh Yohannan
Founder/s Goran Drapac
🧑🏻‍💻Amount of staff200+
👩‍💻Amount of active traders60,000+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC,
FCA,
DFSA,
FSA
FMA
🌎Country of regulationUK, Australia, UAE, New Zealand,
💻Account SegregationYes
🪫Negative balance protectionYes
Two-step AuthenticationYes
🔋Investor Protection SchemesYes (up to £85,000 in the UK through FSCS)
Account Types and Features
➕AccountsStandard,
Pro,
and Elite account
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesAUD,
CAD,
CHF,
EUR,
GBP,
HKD,
JPY,
NZD,
PLN,
SGD,
USD
💰Minimum Deposit$0 for Standard Account
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeNo
📊Spreads fromFrom 0.0 pips
💸Commissions$3.50 per lot per side (for Raw accounts)
💱Number of base currencies supported10+
🚀Swap FeesYes (Standard accounts)
📈LeverageUp to 500:1
📏Margin requirements0.2% minimum
☪️Islamic account (swap-free)Yes,
available upon request
💻Demo AccountYes
⌛Order Execution Time<30 milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered130+
🗠CFD Stock Indices30+
⚖️CFD Commodities14
📜CFD Shares50+
Watch ListYes
Trade AlertsYes
Trading Stocks with GPYes
Trading Indices with GPYes
Swap on Trading BoardYes
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards, bank transfer, PayPal, Neteller, Skrill
💵Withdrawal OptionsCredit/debit cards, bank transfer, PayPal, Neteller, Skrill
Welcome BonusNo
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
Axi One
Stop-loss InstrumentYes (Guaranteed stop-loss on select accounts)
👩‍💻OS CompatibilityWindows,
macOS,
iOS,
Android
Investor Protection SchemesYes (UK, Australia)
🖥️Forex trading toolsAutochartist, PsyQuation, Economic Calendar, VPS, Social Trading Tools
Customer Support
🗣️Live chat availabilityYes (24/5)
📱Customer Support email addressservice@axi.com.
📞Customer Support Contact Number+61 2 9965 5830
🗣️Languages supported on WebsiteEnglish,
Arabic,
Chinese,
German,
Spanish,
Educational Resources and Support
Beginners Trader Friendly UXYes
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes (eBooks, tutorials, videos)
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners1000+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams? Not currently
🪙Rebate programYes
Community ForumYes (via PsyQuation community)
Social Media PlatformsYes
Official Website AddressYes
Official Facebook PageYes
Official Twitter PageYes
Official YouTube ChannelYes
Official LinkedIn PageYes
Official Instagram PageYes
Accept South Africa Traders?Yes
Is Axi Regulated by the South Africa Regulatory Body (FSCA)?No
Does Axi Offer an Affiliate Program for South African Traders? Yes
Does Axi Allow Accounts to be Opened in ZAR/Rands?Yes
👉Open AccountOpen Account

 

Axi

 

Pros and Cons

✅ Pros❌ Cons
No Deposit and withdrawal feesOnly offers Forex and CFDs
Fully digital account openingLimited research tools
No inactivity feesSlow email support

 

Our Findings

Our findings indicate that Axi provides a user-friendly experience with access to MetaTrader 4, and it stands out for its strong regulatory framework.

 

Copy Trading Platforms

 

Conclusion

A thorough examination of top copy trading platforms, emphasizing their ease of access, simplicity, and dependability in performance. Each platform is different and, therefore, serves traders differently depending on their skills and knowledge levels while prioritizing regulation and customer care.

 

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You might also like: Doo Prime Minimum Deposit

 

Frequently Asked Questions

 

Who is the most popular copy trading platform and Forex broker?

According to research, AvaTrade is the most popular copy trading platform and Forex broker amongst investors.

 

What are the advantages of Copy Trading Platforms?

Advantages of Copy Trading platforms include, amongst others – Being beneficial for beginner traders, Saving traders valuable time, Managing risks more safely, Traders can diversify across various markets, Someone with limited knowledge can also enter the market, can learn from traders with much more experience.

 

Are Copy Trading platforms/brokers suited to beginner traders?

Yes, it is ideal for beginners, and inexperienced and experienced traders will benefit from using Copy Trading platforms and brokers. 

 

Is it legal to use Copy-trading brokers?

Yes, Copy trading is legal in most countries, and traders should ensure that the copy trader broker they choose is well-regulated before proceeding.

 

Can beginners make a profit with copy-trading brokers and platforms?

Yes, Copy trading can be profitable when done right. This method provides many traders worldwide, including beginner traders, with a passive income stream.

 

Which exchange is best for copy trading?

Some of the top crypto copy trading platforms include Bybit, Bitget, eToro, Binance, and OKX.

 

Where to start copy trading?

First, you must open a live MT4 trading account to copy someone’s trades.

 

SAShares Instagram

 

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4.6/5 - (27 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

October 2, 2024

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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