One of the many advantages that Forex Social Trading Platforms has, is the ability to trade in financial markets in a variety of ways using different trading strategies. Social or copy trading can be done using a social trading platform such as ZuluTrade, eToro’s proprietary trading platform, and several others.
Social trading allows traders to automatically copy trades that were executed by a successful trader in the form of trading signals. This offers traders a wide range of choices depending on their unique trading strategy and their trading objectives.
Choose your quick section of our well-researched Forex Social Trading Platforms below for South Africans.
10 Best Handpicked Forex Social Trading Platforms Reviewed (2025):
Traders can select the trades that they wish to copy based on the trading performance of these successful traders, their trading activity, and other metrics. Millions of traders are currently using social trading platforms instead of conventional manual trading strategies to earn profits.
NAGA Trader
Min Deposit
USD 250
Regulators
CySEC
Trading Platform
MT4, MT5, NAGA Web
Crypto
Yes
Total Pairs
45
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
NAGA is a social investing network that allows for traders of all experience levels to trade, like, share, and copy investments on more than 950 different tradable instruments which include forex, CFDs, and stocks.
NAGA is known for its competitive trading conditions, rapid trade execution speeds, and flexible account funding options. NAGA also offers a desktop platform, mobile platforms, and access to a WebTrader with seamless real account integration across all platforms.
NAGA Trader has more than 500,000 registered accounts using its comprehensive social trading network to add a competitive edge to its trading.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| NAGA Portfolios, Protector, Messenger, MasterCard, and Wallet | US Clients not accepted |
| No fees or commissions on deposits | Withdrawal fee charged |
| Rewards program offered | |
| Strict regulation | |
ZuluTrade
Features
Established in 2007, ZuluTrade is a popular online social trading platform for both traders and investors of varying trading skills and experience. ZuluTrade integrates more than 70 online brokers.
ZuluTrade is regulated in the EU as well as Japan and offers both beginner and advanced traders with some of the best trading signals from successful traders. Since its inception, ZuluTrade has grown into one of the largest, most trusted social trading platforms with millions of users and billions in trading volume executed.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| AutoTrade cryptocurrency option | Can only be used with a compatible broker |
| Copy trading signals | Commissions may be marked up to cover costs |
| More than 70 forex brokers to choose from | Quality of trading signals cannot be guaranteed |
| Regulated | |
| Social charts integrated | |
| Trader combos provided | |
DupliTrade
Features
DupliTrade is a copy trading platform that works with MetaTrader 4 alongside partner brokers. DupliTrade is a user-friendly social trading platform that allows traders to easily add, remove, and modify strategies on their accounts.
DupliTrade is compatible with several popular forex brokers and has a range of dynamic, comprehensive features. The DupliTrade Simulator is a popular function that allows traders to view the strategies of their signal provider over several different time frames and set-ups.
Traders also have access to 24/5 customer support, a range of educational tutorials, and an extensive trading glossary and FAQ section. There is a free trial that traders can use before they sign up, and the minimum broker account size is $5,000 (71 968 ZAR).
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Bespoke trading portfolio | High minimum broker account size |
| Free trial | Limited trading strategies offered |
| Regulated brokers supported | Mainly works with forex and few other instruments |
| Simulator offered | |
| Wide selection of forex signals | |
eToro
Min Deposit
USD 50 in *certain countries
Regulators
FCA, ASIC, CySEC
Trading Platform
Proprietary WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
Features
eToro is renowned as one of the most popular social online trading platforms in the industry along with being a well-established and well-regulated forex broker.
eToro offers its proprietary trading platform, a wide range of tradable financial instruments, and a range of quality trading signals and reputable signal providers and experienced traders.
In addition, eToro also offers comprehensive technical analysis, analytical tools, technical indicators, and more for both retail traders, social traders, and professionals who need to add a competitive edge to their trading despite their trading style.
eToro caters to millions of forex traders and investors from more than 140 countries, facilitating the copying and sharing of signals through its comprehensive social trading network and online community of traders.
eToro also helps retail traders with risk management strategies, advanced charting, and several other ways to manage and improve their success rate in the forex market, amidst other financial markets.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| CopyPortfolios | Inactivity fee charged |
| CopyTrader technology | Live chat support not offered |
| eToro club provided | Scalping and hedging are not allowed |
| Notifications on volatility and market events | US clients not accepted |
| Well-regulated broker | |
Darwinex
Min Deposit
USD 500
Regulators
FCA
Trading Platform
MT4, MT5, Darwin API
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Features
Darwinex is a UK-based online broker that offers experienced traders a range of trading opportunities in several financial markets. Darwinex is known for its competitive trading conditions and user-friendly desktop and mobile trading platforms where traders have access to more than 300 financial instruments.
Darwinex is also known for its institutional-grade pricing, FIX API, and free trading history and tick data. Darwinex offers a competitive and secure trading environment through its FCA regulation and charges tight spreads, low fees, and guarantees rapid trade execution speeds.
Darwinex also offers comprehensive social trading opportunities through its range of trading platforms.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Advanced, user-friendly trading platforms | High minimum deposit |
| FSCS insurance | Limited education |
| Social trading offered and supported | US clients not accepted |
| Well-regulated | |
AvaTrade
Features
AvaTrade is a multi-award-winning online trading broker that operates in several regulations across the globe, with corresponding regulations and authorization in each.
AvaTrade is known for its competitive trading conditions and range of user-friendly trading platforms including AvaTradeGo, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade, and AvaOptions.
AvaTrade’s offering consists of a variety of trading styles, strategies, and ways to earn a profit in the market. AvaTrade offers tight spreads, a range of technical and fundamental analysis software, trading tools, calculators, and the latest market updates.
With AvaTrade, social traders can explore a range of trading signals, strategies, and options, and choose from those that suit the trader’s style, preferences, and objectives.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| AutoChartist | US clients not accepted |
| Powerful, reliable trading platforms | |
| Range of social trading opportunities | |
| Tight and competitive spreads | |
| Well-regulated by several entities | |
OctaFX
Min Deposit
USD 25
Regulators
CySEC, MISA, FSCA and FSC
Trading Platform
MT4, MT5, OctaTrader
Crypto
Yes
Total Pairs
52
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
Features
Established in 2011, Octa is a well-regulated and reputable forex and CFD broker which offers competitive trading conditions, a range of useful trading tools, educational resources, and dedicated customer support to assist traders.
OctaFX has more than 400,000 registered traders from over 100 countries worldwide that use its unique trading solutions and services. In addition to offering a suite of powerful desktop platforms, Octa also offers a comprehensive CopyTrading app.
The Octa CopyTrading app allows traders to conveniently copy signals from hundreds of signal and strategy providers to trade forex, commodities, and several other financial instruments.
The interface of the trading application is user-friendly and makes it easy to find signal providers based on a set of customized filters. Traders can easily build and track their portfolios at any given time.
There are also master accounts available to successful traders who wish to offer their trading strategies as signals or for followers who want to copy signals.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| AutoChartist supported | Limited trading instruments |
| Commission-free trading offered | US and UK clients not accepted |
| Fixed spreads offered | |
| Hedging and scalping allowed | |
| OctaFX CopyTrading app offered | |
| Range of flexible funding methods | |
City Index
Min Deposit
USD 0
Regulators
FCA
Trading Platform
MT4, WebTrader
Crypto
Yes
Total Pairs
84
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Features
City Index is an award-winning and popular online broker which has regulation in several jurisdictions, offering more than 12,000 tradable financial instruments to a worldwide class of traders from retail to institutional.
City Index has more than 35 years of experience in the financial industry, offering fast and reliable trade execution speeds, tight spreads, user-friendly trading platforms, and a range of ways in which to trade including social trading, hedging, scalping, and more.
City Index offers traders a wide selection of trading tools including Trading Central research tools, expert market analysis, and trading signals from the top, experienced traders and providers.
The SMART Signals from City Index uses a selection algorithm that automatically monitors 36 major global markets across thousands of price data points, highlighting potential trading opportunities for users.
Once a price pattern has been identified according to its successful history in a specific market, it will show up on the trader’s SMART Signals dashboard, allowing the trader to choose the signal that they wish to use.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Commission-free trading | Inactivity fee charged |
| Education provided | US clients not accepted |
| Trading Central research tool | |
| Trading signals and SMART Signals | |
| Well-regulated | |
Tickmill
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
Features
Tickmill is a multi-regulated broker that offers both retail and institutional traders from around the world the trade in more than 80 financial instruments.
Tickmill is known for its tight spreads, low commissions, and flexible account types. Tickmill offers traders access to the powerful MetaTrader 4 trading platform and a vast selection of trading tools.
Tickmill also offers forex traders access to copy-trading through their Tickmill account on MetaTrader 4. This allows traders to evaluate the performance of a selection of trading systems that were created by other successful traders.
Through Tickmill, traders can choose between a diverse range of systems to follow and copy to their portfolio according to the trader’s unique trading style.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| AutoChartist offered | Fixed spreads not given |
| Commission-free trading offered | Limited education |
| Copy-trading supported | Restricted leverage for EU clients |
| Investor compensation fund member | US clients not accepted |
| Multi-regulated | |
| VPS access given | |
HotForex
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
Features
HotForex is a popular online trading broker and platform which is based in Cyprus, with regulation through several reputable entities. HotForex facilitates the trade in a broad range of financial instruments spread across several asset classes.
As the brand name of HFM (Europe) Ltd., HotForex has made a name for itself in the industry by offering comprehensive trading conditions, a range of account types, and useful, advanced trading tools.
HotForex also offers traders an HFcopy Account which can be used by both strategy providers (SPs) and followers who have joined HFcopy. SPs can use the HFcopy account to build their inventory and trade in exchange for a performance fee.
Followers who use the HFcopy account can deposit funds and start copying the trades of their selected SPs.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Choice in account types including a copy trading account | Performance fee up to 50% charged for strategy providers |
| Competitive trading conditions | Us clients are not accepted |
| Range of tradable instruments | |
| Strong international presence | |
| Well-regulated by top-tier entities | |
FXCM
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
Features
Forex Capital Markets (FXCM) is leading online forex, CFD, and spread betting broker that has been in operation since 1999. FXCM works to facilitate the trade of a large variety of financial instruments through user-friendly, powerful trading platforms.
FXCM offers traders competitive trading conditions, with pricing obtained from premium liquidity providers including global banks and financial institutions such as Barclays Bank, Citibank, and several others.
FXCM operates according to a non-dealing desk (NDD) model and the trading technology used guarantees a trade execution speed of 31 milliseconds, and less.
FXCM is also known for offering comprehensive copy trading solutions as a ZuluTrade partner, offering traders some of the best strategies and trading signals in the industry which can be copied to their portfolios automatically.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Advanced charting by TradingView | Spreads are not the tightest |
| Daily analysis by Trading Central | US, Ukraine, Turkey, Russia, and several other regions not accepted |
| Multiple trading platforms offered | |
| Social trading opportunities | |
| Strict regulation | |
LiteForex
Min Deposit
USD 50
Regulators
CySEC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
LiteForex is a forex and CFD broker which is incorporated in the Marshall Islands. LiteForex offers online trading on a variety of financial instruments through the MetaTrader platforms.
LiteForex is also known for offering a variety of social trading opportunities, market analysis, and a range of educational resources for both beginners and experienced traders.
With LiteForex, traders are provided with access to a comprehensive automated copy trading system that allows them to duplicate the best trades. Traders can use these to trade independently, taking advantage of successful traders’ experience.
Traders can also opt to become signal providers and share their success with others through the social forex trading system.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Comprehensive market analysis | Commissions are not the lowest |
| Expert analysis by Claws & Horns | Fee charged for VPS |
| MetaTrader supported | Limited trading instruments |
| Multilingual client support | US, Israel, and Japan clients not accepted |
| Social trading supported | |
RoboForex
Min Deposit
USD 10
Regulators
IFSC
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
36
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
RoboForex is a multi-award-winning online broker that offers traders access to an impressive portfolio of more than 9,400 financial instruments.
RoboForex is known for its comprehensive trading solutions, range of trading accounts, and flexible trading platforms. RoboForex also offers a range of useful trading tools including in-depth market analysis, analytic centre, and more.
The CopyFX platform offered by RoboForex allows traders access to a large online community of traders, investors, signal providers, and other followers.
With this platform, traders can easily control every stage of their investment, choosing their trading signals that fit their trading style, objectives, and preferences.
Traders can easily view the most successful traders and signal providers, their profitability, maximum drawdown, and trading history.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Analytics centre | Fixed spread accounts not offered |
| Award-winning broker | Restricted leverage for EU clients |
| More than 9,400 tradable instruments | US clients not accepted |
| Multiple trading platforms | |
| Negative balance protection offered | |
CM Trading
Min Deposit
USD 300
Regulators
FSA, FSCA
Trading Platform
MT4, PandaTS, Webtrader
Crypto
Yes
Total Pairs
174+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Features
CM Trading is a popular online broker that offers trading services and solutions to traders from around the world. With CM Trading, traders have access to a range of financial markets including forex, commodities, crypto, stocks, shares, and others.
CM Trading uses the latest, most innovative technologies to make trading simple and enjoyable. CM Trading is known for its transparency, client safety and security, and selection of powerful, popular trading platforms.
CM Trading offers social trading through CopyKat which can be accessed through the Sirix WebTrader platform. This allows traders to watch, study, and copy strategies that are used by other successful traders.
Traders can easily search, and filter strategies based on the performance of signal providers.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| Commission-free trading | Fixed spreads not offered |
| CopyKat Trading | High minimum deposit |
| Hedging and scalping allowed | US clients not accepted |
| Well-regulated | |
Pepperstone
Features
Pepperstone is one of the largest online trading brokers along with being multi-regulated and award-winning. Pepperstone offers comprehensive trading solutions to traders from around the world.
Pepperstone is also well-known for its innovative trading technology, range of trading tools, low-cost spreads, low-latency, and high-speed trade execution, and social trading opportunities.
In partnership with a range of social trading platforms, traders can connect to the world of social trading using their Pepperstone trading accounts. Pepperstone offers the use of Myfxbook, MetaTrader signals, and DupliTrade to provide both beginner and professional traders with the best social trading opportunities in the industry.
Pros and Cons
| ✔️ Pros | ❌ Cons |
|---|---|
| AutoChartist provided | Fixed spread accounts not offered |
| Choice in social trading platforms | US clients not accepted |
| Decent selection of trading tools and educational resources | |
| Intuitive and powerful trading platforms | |
| Multi-award-winning broker | |
| Range of trading strategies supported | |
Frequently Asked Questions
What is the best social trading platform?
Read our review here about the Best Social Trading platforms available now.
What is the objective of a social trading platform?
The main objective of a social trading platform is for investors to observe the trading behaviour of peer & expert traders.
Is Social trading legit?
Yes it is.
Is social trading a good starting point for beginner traders?
Yes, it is considered a great tool for beginner traders or for someone who has a casual interest in investing.
Why is social trading so popular?
It allows traders the opportunity copy the investing and trading strategies of their peers and expert traders.
Top 4 Brokers
