Numerous brokers and exchanges now offer this service, assisting crypto traders across the board in achieving their financial goals. In this article, BestBrokers walks you through the ins and outs of crypto copy trading and provides an unbiased ranking of the best brokers and exchanges offering this service. MEXC is one of the most popular crypto trading platforms, and it also offers copy trading. When searching for traders on MEXC, you can filter and sort them by ROI, number of followers, total profit, win rate, etc. With this feature, you can easily find the appropriate trader based on what you think is most important.
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Zhao was a well-known cryptocurrency industry veteran who had worked at Bloomberg and Blockchain.info. Visit our sister site, TheInvestorsCentre.com, for Global investment insights and advice. We have helped millions of people safely buy cryptocurrencies over the past five years. PrimeXBT takes the Security of the data and Funds very seriously which is reflected in its robust cyber security framework. This framework ensures that the threat of a cyber attack and possible breach is minimum and the data is secured. Taking things up a notch, the company runs stress tests at random times to find and fix any loopholes or loose ends.
- Many have reported significant profits and increased confidence in their investment decisions, all thanks to the ability to learn from and replicate the trades of experienced investors.
- If you decide to go with copy trading, you can choose the best strategy from a broad range of experienced professionals.
- Their stories are a testament to the potential of Copy Trading, showing how expertise and smart decision-making can lead to impressive financial gains.
- This community aspect fosters a collaborative environment where knowledge is shared freely.
- If you’re ready to take your first steps into the world of investing, there’s no better place to start than eToro.
- Pocket Option or Binance – which is better for UK traders 2025?
Best Copy Trading Platforms UK
On eToro, you can browse through a vast pool of traders, each with their own unique trading style and track record. The platform provides detailed profiles of each trader, including their quantum ai reviews performance metrics, risk score, and trading history. This transparency allows you to make informed decisions about which traders align with your investment goals and risk tolerance. EToro’s mission is to democratise access to financial markets, enabling anyone, anywhere, to trade and invest in a simple and transparent way.
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Typically, it can take anywhere from one to eight business days for withdrawals to be processed and funds to reach your account. To open an eToro or Binance account, you must provide standard identification documents, such as a passport or driver’s licence and proof of address. Binance is not regulated by the UK’s FCA, as it operates a cryptocurrency exchange. One of the significant differences between Binance and eToro is between each platform’s regulatory compliance. EToro complies with regulatory standards in various jurisdictions, which include security and data protection requirements.
Research Tools
You can follow a trader of your choice with copy trading, and the exchange executes their trades automatically. It is extremely safe because the trades are executed on your account, with the trader getting a small percentage of your profits. The term “social trading” refers to a very specific form of automated trading when you choose a well-performing portfolio manager and copy their orders to get closer to their results. It is a good way for newcomers and unsure investors to get accustomed to the world of crypto. While it may seem like something with a hands-off approach, the true value of such strategies is endless opportunities to learn more about markets. Binance currently offers on its Trading Bots Marketplace over 120,000 active trading strategies and continues to enhance its diverse offering of automated trading strategy tools for users.
Once connected, the whole trading process can be automated by either copying professional traders or bot trading. Bybit, my #1 cryptocurrency exchange supports over 280+ coins and has some of the lowest trading fees. Around 150,000 users have joined Bybit’s copy trading program to date. You can customise the trades any way you want and set any parameters after selecting the trader.
WunderTrading is a great Binance copy-trading platform because it provides copy-trading that can be adjusted according to your preferences. The list of successful traders is regularly updated based on their performance. Note that some traders may ask for a fee if you want to copy their orders. Technical analysis is the bread and butter of any contemporary day trader.
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3Commas is a safe platform to trade crypto, thanks to its measures that provide multi-dimensional security. The connection via API also ensures that the company does not have access to the trades of the user and only sends buy or sell requests on the user’s behalf. The company also makes sure that the Information and Funds of the users are safe by employing multiple security measures like a Firewall, DDoS attack protection, and SSL/TLS encryption. It is also advised that the users set up 2FA on their accounts to ensure that it is not misused.