Social trading broker rankings

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Start social trading online with the top brokers available in the market.

eToro disclaimer: 76% of retail CFD accounts lose money.

#	Broker	Regulated by	Min Deposit	Demo Account	Max Leverage	Score
1	Pepperstone	ASIC, FCA, DFSA, BaFin, CySEC, SCB, CMA	200	Yes	1:500	90.28
2	EToro	CySEC, FCA, ASIC	50(from)	Yes	1:30	89.18
3	Blackbull	FSA, FMA	0	Yes	1:500	88.8
4	AvaTrade	BVIFSC, ASIC, FSCA, FSA, FFAJ, FRSA	100	Yes	1:400	84.46
5	Exness	FCA, CySEC, FSA(JP), FSC, CBCS	10	Yes	1:1000	80.98
6	Vantage FX	CIMA, ASIC, FCA	200	Yes	1:500	78.93
7	FXTM	CySEC, FCA, FSC	10	Yes	1:30	75.85
8	IronFX	ASIC, CySEC, FCA	100	Yes	1:500	74.46
9	Moneta Markets	CIMA, VFSC	200	Yes	1:1000	71.55
10	Axi	ASIC, FCA	0	Yes	1:400	68.47
11	BDSwiss	CySEC, FSCA	100	Yes	1:500	66.99
12	Axiory	IFSC	50	Yes	1:777	66.11
13	Darwinex	FCA	500	Yes	1:30	62.32

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 67-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

How to Choose the Best Social Trading Broker in 2024

Be sure to check whether the broker is regulated
Is customer support adequate and efficient?
Are the withdrawals easy to perform?
Is the platform user-friendly and a demo account provided?
What Instruments are traded?
Does the platform offer a robust amount of trade history?
What are the fees involved?
Which payment methods are accepted?

Ranking criteria and scores

Our Ranking Criteria and Broker Scores are based on several factors, these factors are deemed by our team as a necessary benchmark for choosing the right Broker. The factors are then individually assessed and given a certain weight & score, all the factor scores are then aggregated to make up the complete Ranking Score for each Broker. Few factors we take into consideration are Customer Support, Regulations, Percentage of Loss, Website Popularity, Platforms Available, Website Usability & Experience, Customer Reviews. Each of these criteria is given a certain Score from 1 to 10, after each criterion have been given a Score we then calculate the Overall Ranking Score for each Broker which is reflected in our Ranking Tables.

About Social Trading

Social Trading is a resent development in the forex market that allows investors to follow the trading behavior of their peers and expert traders and to their investment strategies using copy trading or mirror trading. This implies that you don’t need to have extensive knowledge in trading to trade or invest an important amount of time for successful trading. World Economic Forum describes social trading as a low-cost, sophisticated alternative to traditional wealth managers. Below you can find some of the best social trading brokers that we researched for you.

Ranking criteria and scores

Our Ranking Criteria and Broker Scores are based on several factors, these factors are deemed by our team as a necessary benchmark for choosing the right Broker. The factors are then individually assessed and given a certain weight & score, all the factor scores are then aggregated to make up the complete Ranking Score for each Broker. The main factors we take into consideration are Customer Support, Regulations, Percentage of Loss, Website Popularity, Platforms Available, Avg. Connection Time, Website Usability & Experience, Customer Reviews. Each of these criteria is given a certain score from 1 to 10, after each criterion have been given a Score we then calculate the Overall Ranking Score for each Broker which is reflected in our Ranking Tables.