All Share (J203) = 89 062
Rand / Dollar = 18.42
Rand / Pound = 23.23
Rand / Euro = 19.24
Gold (usd/oz) = 2 929.39
Platinum (usd/oz) = 975.32
Brent (usd/barrel) = 76.01
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

17 Best Copy Trading Broker Platforms – ( Reviewed ) 2025

 

According to research in South Africa, as a trader it is important to know and understand who the best copy trading broker platforms are.  The trading strategy known as copy trading or social trading, mirror trading, or auto trading is a relatively new development in comparison to normal market trading and is due to one factor only, technology.

In this article we will be listing the best copy trading broker platforms traders use when trading StocksIndicesBinary OptionsCDFsETFsForex and cryptocurrencies like Bitcoin and Ethereum.

This list is not meant to be a ranking but rather a comprehensive list with easy explanations and pros and cons of the best copy trading broker platforms available on the market.

Good luck and good trading.

 

AvaTrade Review
 

AvaTrade

AvaTrade, one of the largest online brokerages in the world is also one of the most regulated as they are in 6 jurisdictions overall.  Within the EU they must remain compliant with ESMA regulations which lends to a lot of trust and confidence.

Trading instruments: Crypto including Bitcoin, commodities, equities, exchange traded funds, bonds, indices.

Avatrade has also partnered with Premiere League Team, Manchester City.

The company has also won numerous awards for “Best Customer Support”, “Best Alert System”, “Best Financial Derivative Trading Provider”, and “Best Forex Broker Year”.

 

Some of their awards:

Latest forex industry awards: Best Forex Broker 2016

Most Innovative CFD Broker, UK 2019

Most Trustworthy Broker, China 2017

 

Pros and Cons

Pros Cons
Easy and Fast account opening Only CFDs, Forex and Crypto offered
Free deposit and withdrawal options Poor phone support
No withdrawals fees Inactivity fee

 

FXTM Review
 

FXTM (ForexTime)

 

FXTM is known for their emphasis on fantastic customer support.  They not only offer 24/7 support, but in multiple language over multiple channels.

Educational tools and resources for new traders are also at the top of FXTM’s list.

 

Pros and Cons

Pros Cons
Great customer Service Inactivity and withdrawal fees
Strong Educational tools for the beginner trader High CFD fees
Fast account opening Limited product range.

 

XM.com Review
 

XM

 

XM Group is a great broker for beginners since it offers a ton of educational resources.  It just happens to be one of the most experienced brokers in the financial market as well.

XM gives access to over 300 financial instruments including forex, equity indices, precious metals, and cryptocurrencies.

They offer real-time pricing, low spreads, and flexible leverage as well as speedy execution of trades.

XM also gives a host of platforms to choose from.  8 to be exact.

 

Pros and Cons

Pros Cons
Great Educational tools Limited product portfolio
8 platforms to choose from Inactivity fee after 90 days
No withdrawal fees Only average Forex fees
Low minimum deposit
Currency converter on main site
Tight Forex Spreads

 

FP Markets Review
 

FP Markets

 

FP Markets offers 45 currency pairs, commission free trading, and fast execution of trades for started.  You also get access to 60 products such as forex, commodities and indices as well.

FP Markets is also known for great pricing as well as their excellent client support over multiple languages.

Customer support is excellent on multiple channels such as, email, phone, online chat and social media.

Support is also given in multiple languages such as English, French, Finish, Chinese, Norwegian, Russian, Thai, Italian, German, Portuguese, Spanish and Swedish.

Educational materials are plentiful as well as they offer a host of materials such as tutorials, webinars, online videos, blogs, and market analysis

 

Pros and Cons

Pros Cons
Great Educational tools Limited portfolio
Great Customer Service Web Platform needs to be updated a bit
Large Product offering High fee for international bank withdrawal
Easy and quick account opening

 

Alpari Review
 

Alpari International

 

Alpari Financial Services Ltd (Alpari) is one of the world’s leading independent forex brokers globally and are considered by many to be the best copy trading broker in the market.  Do we have to say more?

Alpari also offers a variety of account types and they provides top shelf online trading services on the international currency market and also have a top-notch customer support team with support in over 30 languages on offer.

 

Pros and Cons

Pros Cons
Low minimum deposit Limited educational resources
Best Broker for copy trading accounts Lack of resource tools
Diverse selection of tradeable assets High fees
Demo accounts and social trading available for the beginner trader Withdrawal fees
Good support in over 30 languages

 

GO Markets Review
 

Go Markets

 

GO Markets is an incredibly strong Forex and CFD broker for both experienced as well as new traders.  For new traders they offer a huge selection of educational tools. For experienced traders, they have good research and analytical tools.

Their customer service team is excellent as well and a good backup to the resources they provide.

 

Pros and Cons

Pros Cons
Low minimum deposit Only two account types
Very fast execution of trades
Good trading analysis tools on offer
Demo option available
Low Forex fees

 

eToro Review
 

eToro

 

eToro is one of the largest currency trading companies operating currently in the Forex trading market.

Etoro has more than a million and a half traders from more than one hundred countries worldwide.

EToro offers its customers trading on most major currency pairs, some exotic currency pairs, futures, precious metals, oil and many other trading assets.

Their customer service is excellent and offers multi-channel and multilingual support.

 

Pros and Cons

Pros Cons
Easy and fast account opening Withdrawing money is slow and expensive
No deposit fees Account only based in one currency
Low minimum deposit High Forex fees

#1 Broker in South Africa

1

Broker

A review about AvaTrade

Minimum Deposit

USD 100

REGULATED BY

17 Best Copy Trading Broker Platforms - ( Reviewed ) 2025

Trading Desk Type

Market Maker

High Bonuses, Now with Extra-Low Spreads

Trading Conditions

4.5/5

Trading Conditions

#1 Broker

1

A review about AvaTrade

Extra-Low Spreads​

4.8/5

User Score

Pepperstone Review
 

Pepperstone

 

Pepperstone has a stellar reputation and offer a huge number of tools and a ton of different platforms to choose from.

 

They offer something for everyone such as:

  • Very fast executions on trades,
  • A unique referral program in which traders can earn $100 for every friend they refer
  • Active Traders Program targets high volume traders and offers them VIP service as well as earning rebates on trading commissions.

 

Pepperstone has unique value adds for all levels of traders

 

Pros and Cons

Pros Cons
Free withdrawals and deposits Limited product portfolio of CFD, Forex and Crypto
Great customer service No Research or technical analysis data
Low minimum deposit
Low Forex fees
No Minimum deposit

 

Read 15 Best FREE Forex Trading Apps here

 

FXCM Review South Africa
 

FXCM

 

FXCM is committed to offering a diverse suite of innovative trading tools, market news, and education to the trading community. Which make them a solid offering for the trader of any experience level that wants to keep growing and learning.

They have a large educational platform of trading tutorials, webinars and more.

Their mobile trading is very good offering one-click order execution and trading from real-time charts.

FXCM provides traders with access to numerous services, such as trading analytics, API trading, FXCM Apps and programming services.

They also have an exceptional 24/5 client support team.

 

Pros and Cons

Pros Cons
Good and technical research tools Limited product portfolio
Great educational content No website trading platform
Low minimum deposit Poor mobile platform
Good support team

 

HotForex Review
 

HotForex

 

HotForex offers various account types and trading software and tools to please any level of trader.

HotForex provides a lot of different account options.  That combined with fast execution of trades make HotForex a contender.

HotForex has a good deal of trading experience across multiple platforms and markets, but have really started to gain traction relatively recently mainly due to its commitment to provide the best service possible using cutting edge technology,

The HotForex customer support team is comprised of industry professionals who are available around the clock 24/5 to help clients with anything they may need from initial registration to the withdrawal of trading profits.

 

Pros and Cons

Pros Cons
No fees for deposits or withdrawals Commissions high on Zero account
Spreads are low on EURUSD and average on other pairs Limited range of instruments
Low deposit requirement for new traders with Micro accounts Account opening not the easiest
Lots of premium trader tools available

 

Darwinex Review
 

Darwinex

 

Darwinex is unique amongst brokers and even other copy trader brokers with their invention of a “Darwin”. DARWINS are tied to traders and their strategies and start with a value of 100 and this value changes based on the performance of the underlying strategy of the trader. As an investor, you buy or sell these DARWINS in the same way as you would buy or sell stocks and shares.

In this way Darwinex provides forex traders with a unique social copy trading community that enables investors to buy and sell trader-developed strategies. These traders and their strategies that are copied can then earn performance fees.

The broker currently offers traders the following platforms and technologies for DMA access to the FX, Stock, Commodity, Index and Crypto CFD markets.

Darwinex provides free supplementary insurance that covers FSCS eligible clients up to a total of GBP 500,000 which is pretty amazing.

 

Pros and Cons

Pros Cons
Demo option available You have to choose to be either and investor or a trader
Three currencies available for your account Minimum deposit is not very low
Low Spreads Account opening not the easiest
Trading costs can be on the high side Have to pay a 20 % performance fee to your Darwin trader
Social trading and fees are paid on execution of your “Darwin” trades

 

LiteForex Review South Africa
 

LiteForex

 

LiteForex was built on the premise of making the Forex market accessible, safe, easy.

This focus has served the broker well as it is now one of leading brokerage companies worldwide being listed as one of the top 100 companies in World Finance.

They offer multiple platforms and boast a very low initial minimum deposit and offer a wide variety of payment systems to make deposits.  50, in fact. There’s no limit to how much money clients can withdraw.

They have received the “The Best Client Service” award at the 6th International Investment & Finance because of such extra-mile touches like providing each client with a personal manager.

 

Pros and Cons

Pros Cons
Easy account opening with low initial deposit Limited trading instruments
Wide variety of deposit systems Not the cheapest commission fees
Amazing customer support No service clients in the US, Israel or Japan
Great trading platforms

 

Dukascopy Review South Africa
 

Dukascopy

 

Dukascopy is a Swiss regulated Brokerage House that provides traders a host of great and unique offerings.

They offer a range of trading platforms and software including its proprietary JForex platform suite which has industry leading trading tools and market research and analysis.

They cater for a number of different deposit and withdrawal payment options and trading accounts can be opened in the quite a few different currencies.

 

Pros and Cons

Pros Cons
Multiple currency accounts High commissions
Expert news and analysis Withdrawal fees
Great market research tools Minimum deposit is high
Flexible trading platforms

 

Swissquote Review
 

Swissquote

 

Swissquote Bank is a Swiss forex broker and a major European bank that is known to be very reliable.

In Forex they have sixty currency pairs and they also have other financial instruments like stocks, energies and commodities.

They offer client support in multiple languages such as Chinese, English, French, German and Spanish and in multiple channels such as, Email, Phone and Live Chat (to use the Live Chat a client has to login to the broker’s website).

They offer 3 different platforms to choose from and they are also optimized for mobile devices with IOS, Android and Windows mobile operating systems. The mobile versions of the platforms have full functionality as well.

 

Pros and Cons

Pros Cons
No inactivity fee High trading fees
Access to many markets Not all research tools are free
Great market research tools Confusing platform
Flexible trading platforms
Low forex fees

 

OctaFX Review South Africa 
 

OctaFX

 

OcatFX offers very low spread and has award-winning trading conditions.  They are a solid provider of CFD and Forex trading in over 100 countries.

They offer great bonuses and competition offers such as a 50% bonus with every deposit.

Their educational resources are very good and free demo account operates with same conditions and execution speed as the real one.

 

Pros and Cons

Pros Cons
Minimum deposit Limited trading instruments
No commission on deposits and withdrawals
20% return on average for copytrading
Free 50% bonus with every deposit

 

Tickmill Review
 

Tickmill

 

Tickmill is an award-winning global ECN broker, authorised and regulated in the UK by the Financial Conduct Authority (FCA) and the FSA of Seychelles.

Tickmill offers a wide range of products with a focus on Forex, Stock Indices, Commodities, CFDs and Precious Metals.

They are known for having with low spreads, and some of the lowest ECN commissions.

Their platform is exceptional with fast executions due to their Equinix LD4 data centre servers based in London.

 

Pros and Cons

Pros Cons
Award winning platform which is very user friendly Only Forex and CFD’s
Low forex fees Trading platform is a bit outdated in design
No withdrawal fees Basic news feed
Low trading fees
Low minimum deposit

 

Instaforex Review
 

InstaForex

 

InstaForex boasts more seven million traders.

They offer a variety of platforms which are backed up by a good, user friendly mobile app as well.

InstaForex also offers a wide range of trading tools and in-house MT4 plugins such as Pattern Graphix and Superior Forex Desk.

They do some unique things to make investing fun and motivating.   They often do bonuses and promo campaigns.  They also offer a 40% bonus for every deposit and up to 100% for the initial deposit.

ForexCopy is the InstaForex platform for social trading and traders can earn commissions for providing their trades for copying while followers can copy deals of successful and experienced traders

 

Pros and Cons

Pros Cons
Wide variety of platforms to choose from Customer service is only during the work week
Commission free accounts  Withdrawal commissions
More than 300 instruments
Lots of educational resources
Great copy trading broker platform    

 

Read 19 Best ECN Forex Brokers here

 

In conclusion

 

Thanks to Web 2.0. copytrading is a next generation (within the last decade) methodology which allows even the inexperienced trader to copy automatically the financial transactions made ​​by one or more professional investors inside a trading network.

The idea of copy trading is simple: use technology to copy the real-time forex trades (forex signals) of other live investors (forex trading system providers) you want to follow.

Every time they trade you can automatically copy their trades and profit from their experience and track record.

This is a great option for those that want to trade to increase their capital but don’t want or are unable to spend the time to get the experience to invest by themselves, according to research in South Africa.

#1 Broker in South Africa

1

Broker

A review about AvaTrade

Minimum Deposit

USD 100

REGULATED BY

17 Best Copy Trading Broker Platforms - ( Reviewed ) 2025

Trading Desk Type

Market Maker

High Bonuses, Now with Extra-Low Spreads

Trading Conditions

4.5/5

Trading Conditions

#1 Broker

1

A review about AvaTrade

Extra-Low Spreads​

4.8/5

User Score

Rate this post

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

May 8, 2020

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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