If you want to become a trader or if you have already gained a little experience but you feel like knowing more, our list and descriptions of the best binary options copy trading platforms will help you find our more insights about these companies. Discover our top seven best social brokers, below.
Make sure you understand what copy trading binary options presupposes before you decide whether or not this type of investment is right for you.
The Best Binary Options Copy Trading Brokers
This is a social trading platform which is compatible with plenty of brokers. Its database contains 100,000 traders from 192 different countries. It is a user-friendly platform, offering easy-to-use features. What is probably their most important trait is the fact that this company holds their clients’ deposits in segregated bank accounts. This makes your transactions a lot safer. Zulu was established in 2007, and it is similar to eToro. Its main ability is to follow professional signal providers.
Zulu offers a demo account version so that you can become familiar with a real trading platform. If you want to create a live membership, you will be required to deposit at least 300 dollars. You can open an account directly on their platform, or you can do this through other online brokers who are affiliated with Zulu. Another interesting fact is that you can open up to ten different accounts using one single e-mail address.
Ayondo is a binary options copy trading platform that was established in 2009, in Germany. Their demo account option lasts only 15 days. During this period, you will benefit from a trial version of the real platform. You can build up a portfolio that can be used on the live social platform later on. Ayondo provides plenty of bonuses and incentives, but these may vary depending on their promo periods. For example, if you transfer your account to Ayondo from another broker, you will receive 500 euros in cash.
Ayondo has more than 190,000 clients in 195 different countries. You can trade a lot of assets such as currency pairs, indices, precious metals, bonds, and more. This is a great competitive advantage, considering that other brokers specialize in only one field. According to its representatives, this company provides more than 1,000 top-level traders to copy from.
This broker is a social trading company that was established in 2009. It creates connections between investors and professional forex traders. This way, you can view these experts’ activities and strategies and copy their trades. The company provides a demo account that expires in 31 days from its activation. Another good news is that you can open a live account totally free of charge. The minimum deposit required is, however, 5,000 dollars.
Curious enough, SignalTrader does not have a phone support number. However, they provide both an e-mail address and live chat. Their customer support offers quick responses and solutions. Most of their clients register because of their social trading activity, in order to copy expert traders.
This is a binary options copy trading platform. It was launched in 2006, and since then it has become a leading global forex broker. The company has registered clients from more than 150 different countries. Using their platform, all customers and investors can analyze and replicate expert traders’ strategies. If you want a SuperTrader account, you must first open a live FxPro membership. The initial deposit is 2,000 dollars. For this amount, the welcome bonus is 8,000 dollars.
Besides the initial deposit, all registrations are completely free of charge, with zero fees and commissions. As a client advantage, the company verifies all the leaders’ strategies. All those expert traders use real money accounts. Moreover, all information and data are fully transparent and disclosed. Furthermore, their platform is highly intuitive, and all their services are integrated.
Copyop is part of AnyOption, which is one of the largest binary options trading companies in the world. This company is a social trading broker that provides integrated services, and it is relatively new, being launched in 2015. It offers a social trading app available on both Android and iOS devices. You can register in two ways. All clients can sign up directly on Copyop website, or they can create an account from the AnyOption platform.
You can choose to trade in three different currencies: Euro, US dollar, and British pound. Welcome bonuses can reach up to 100 percent. Even though you don’t need to place a deposit to open an account, soon after you do this, their sales team will call you and persuade you to deposit an amount into your newly-opened account.
This is a popular social trading company. Since its launch, in 2012, Tradeo has always tried to revolutionize the entire financial trading experience. MFSA (Malta Financial Service Authority) regulates and authorizes this company. Clients can choose between the two platforms that this company offers. You can opt for their in-house developed platform, or you can select the MT4. The minimum deposit is 100 dollars.
Once you register, you will have access to almost 100 trading assets such as stocks, indices, commodities, and more. The company offers a free demo membership which is available for unlimited time. Besides this, they also provide a live account. Clients are satisfied with their customer support service which can be reached via e-mail, dedicated phone number or live chat. Even though there are no inactivity fees, Tradeo will charge you every time you make a withdrawal.
InstaForex is a binary options copy trading company. It was launched in 2007 and has more than two million clients all over the world. Their ForexCopy system allows clients to follow experts’ strategies. Then, they can copy these trades in their accounts. The company provides plenty of incentives and bonuses. There is the 30-percent bonus that you can receive every time you deposit a new amount of money into your account. This trading business was created in Russia, and it is regulated by Russian authorities.
For those of you who are beginners, this broker provides a demo account. There are two types of live accounts: standard and Eurica. Moreover, as a client, you will be allowed to make deposits using plenty of methods such as credit cards, bank transfers, online payment services, and more. An interesting fact that you should be aware of is the fact that clients who copy other traders will have to pay a small fee. You can visit their website our read our review for more details on how InstaForex works.
Bringing It All Together
All of the above binary options copy trading platforms are reliable and popular. They have a lot of clients from all over the world. This is also due to their high-quality services as well as their features and options. With this post, we wanted to offer you a better perspective on the social trading aspect as well as of these brokers’ capabilities. Therefore, if you still have doubts, you can try one of these platforms, by opening a demo account. This way, you will trade virtual currencies, and you will not risk at all.
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