7 Top Copy Trading Platforms [Important Read]
Are you a beginner trader looking to earn profits? Or Someone who is busy and yet wants to make extra benefits that crypto trading offers? Then copy trading is right for you. Here in this article, we will be learning about the best crypto trading platforms.
Table of Contents.
Summary.
The top seven copy trading platforms include eToro, Bityard, Bitget, BingX, PrimeXBT, MoonXB, and Gate.io. One of the most accepted copy trading platforms is eToro. Its ease of use and around 4 regulations make it a more trustworthy and appreciated exchange platform. eToro offers specific and regular monthly payments to professional traders. Bityard is another copy trading platform, with its availability in around 150 countries or so. The professional traders of bityard get 8% commission from the profits. Bitget is another platform available worldwide with branches in Japan, South Korea, Canada, and 8 other countries. BingX is our third top platform, which offers copy trading as it’s one of the products, and offers an 8% profit share of the daily net profit from their followers. PrimeXBT and MoonXBT are new platforms formed in 2019 and 2021 respectively. Finally, Gate.io has been in the crypto world since 2017 and offers many products and services including copy trading to traders, with professional traders earning 5% profit share of the daily net profit from their followers.
1st Top Copy Trading Platforms: eToro.
What is eToro?
The eToro is one of the famous copy trading exchanges promoting themselves as a social trading platform. It was founded in 2007 and is known as one of the founders of copy trading. It’s an easy-to-use trading platform, with investors investing across 2300 instruments, including popular cryptocurrencies, CFDs, Forex, and exchange-traded securities. Further, it has been operating under various jurisdictions and has been regulated by multiple investors, including Cypriot regulators CySEC (eToro Europe), British Regulator (FCA), and Australian regulator(ASIC).
Top Copy Trading Platforms: eToro.
Features Description Countries Availability Available in 140 countries Not available in Japan, Pakistan, and a few other countries. Also not available in a few states of the US Available Cryptocurrencies 30 cryptocurrencies 100+ crypto trading pairs Copy Trading Fee No exchange fee General Fee Deposit: free withdrawal: $5 Inactivity: $10 per month Professional Traders Payment Receive monthly payments based on their level or tier Regulations Europe CySEC UK FCA Australia AFSL USA FinCEN Order Types Market Order Limit Trailing Stop Loss Take Profit Minimum Investments Copy Trading – $200 Copy Investment Profiles – $5,000 Average Return Rate 29% – top 50 traders Leverage 1:2 for cryptocurrencies (currently unavailable) Demo Account Yes with $100,000 App Availability Android and iOS.
How to become a professional trader on eToro?
To earn a passive income on eToro through eToro copy trading, it offers the Popular Investor Program. Under this program, talented and experienced investors can earn a specific amount annually based on their level. Follow the below steps to apply for this program:
The first step is to create an account on eToro, which takes only a few minutes.
How to become a professional trader on eToro?
To apply for the program, make deposits. Also, note that the equity needs to be greater than $1000. Now, you have to be patient and trade for at least two months. Further, while trading, you need to maintain the maximum risk score lower than 7, and that too for at least six months. Besides that, you also have to manage the maximum risk score lower than 8 for the next 12 months and a risk score of 7 when you apply for this program. Please, note that, while maintaining the above points, you also need to abide by the leverage restrictions. The next part includes attracting copiers and attaining an AUM above %500. Complete your profile with the latest details, and write a biography of at least 150 characters to gain the trust of copiers. Last but not least, have an active feed.
Also, note that eToro divides professional traders into four ranks Cadet, Champion, Elite, and Elite Pro, depending on their AUM, Copiers, risk score, and others. Therefore, the requirements mentioned in the above points are for only the Cadet rank, the basic level or 1st level of professional traders.
Pros and Cons.
Pros Cons It provides enough filters to find the right professional trader. It asks for high spreads. No additional commission for copying. The withdrawal commission is high. It is one of the largest copy trading platforms. eToro is a safe and transparent platform with regulations in the UK, EU, and Australia. 24/5 customer support availability.
2nd Top Copy Trading Platforms: Bityard.
What is Bityard?
Bityard is another one of the best crypto trading platforms, which is relatively a new exchange. It is based in Singapore and offers different products, including spot, derivatives, Forex, and copy trading. Furthermore, Bityard is a highly user-friendly platform, which provides leverage up to 125x, crypto-to-crypto conversions, low fees, copy trading fiat deposits, and much more.
To learn more, check out the Bityard review.
BitYard Copy Trading.
Features Description Countries Availability Available in 150 countries Available Cryptocurrencies 43 cryptocurrencies 100+ crypto trading pairs Copy Trading Fee No exchange fee 8-10% fee to the professional trader which you were following General Fee Deposit: free Withdrawal: 2 USDT Spot trading: 0.1% Overnight: Margin * Leverage * 0.05% * Overnight Days Professional Traders Payment Get 8% commission from the profits Regulations Singapore ACRA USA’s MSB Estonia’s MTR Order Types Market Order Limit Stop Loss Take Profit Minimum and Maximum Investments Copy Trading – 2 USDT (min) Max Single Copy margin – 100 USDT Maximum limit – 12000 USDT Leverage 1:5 to 1:125 Demo Account No App Availability Android and iOS.
How to become a professional trader on BitYard?
To become a professional trader on BitYard, follow the following steps:
First, visit the official site or App of BitYard.
How to become a professional trader on BitYard?
The next step is to contact the Online Customer support through the Live chat option on the bottom right corner. Now, submit the required information. Further, you need to deposit at least 500 USDT and complete your KYC details. The minimum days since your account registration needs to be more than 15 days, and your account profit rate should be higher than 55%. Also, to be eligible to become an expert trader on BitYard, your trading volume needs to be more than 10,000 USDT with orders more than 10. You need to adhere to the rules and not break them, like having Multi or the same IP address with other copy traders. Once you become a copy trader, users can follow your first 1 ten orders per day.
Pros and Cons.
Pros Cons Offers 250 USDT as a Bonus to new users. OTC is only supported in limited countries. Highly safe and has four regulations from the US, Singapore, and Estonia The commission fee of Copiers is 8% of the profit. Provides less trading fees. Also, it offers high leverage up to 125x. Further, it also has OTC deposits.
3rd Top Copy Trading Platforms: Bitget.
What is Bitget?
Bitget is a Singapore-based crypto exchange platform, which offers derivatives, spot, copy trading, and other products. It has even launched inverse contracts. Moreover, it aims to become a leading platform and is available on both Android and iPhones. There’s no doubt about its safety, as it has acquired four licenses.
Read our Bitget review to know more.
Top Copy Trading Platforms: Bitget.
To know more, check out the below table:
Features Description Countries Availability Available worldwide with branches in Japan, South Korea, Canada, and 8 other countries. Available Cryptocurrencies Cryptos like Bitcoin, Ethereum, and others are available. Spot Trading: 100+ crypto trading pairs Futures: 13+ crypto trading pairs Copy Trading Fee No exchange fee 8-10% fee to the professional trader which you were following General Fee Deposit: free Withdrawal: depends on crypto Spot trading: 0.20% (0.14% with BFT) Professional Traders Payment Get 10% commission from the profits of the copiers Regulations Singapore MAS USA’s MSB Canada MSB Australia DCE Order Types Market Order Limit Stop Limit Stop Loss Take Profit Minimum and Maximum Investments Minimum – 10 USDT Maximum Position – 5000 Leverage 1:1 to 1:20 Demo Account No App Availability Android and iOS.
How to become a professional trader on Bitget?
To become a professional trader on Bitget, traders have to follow a few requirements:
A trader must complete their KYC. Also, they can have only one account to open orders. All contracts must have no open orders, no following traders, no stop limit, and no positions.
Besides these, there were a few more requirements. However, they are vague and ask for mature, professional traders with excellent trading records and strict trading risk management.
Another critical point to note is that traders have to follow the Bitget code of conduct and have to abide by their rules and regulations. Further, there is also specific punishment for breaking the rules.
Pros and Cons.
Pros Cons Copy Trading with Bitget is straightforward. The copy-trading market is not popular. They offer low trading fees. 24/7 customer support. Available worldwide. Traders earn 10% of the total profit of their copier.
4th Top Copy Trading Platforms: BingX.
What is BingX?
BingX is another Singapore-based crypto exchange, which has been in the market since 2018. This platform offers different products, including spot trading, USDT contracts, copy trading, and others. Also, it is one of the safest platforms, which provides bonuses up to $100. Further, BingX is for both beginner and advanced traders, as it offers a demo account for novice traders.
Read our BingX review to know more.
Top Copy Trading Platforms: BingX.
Features Description Countries Availability 100+ regions, Not available for US citizens Trading Volume $171B Available Cryptocurrencies 100+ crypto pairs 30+ crypto assets Copy Trading Fee Exchange Fee: 0.075% 8% fee to the professional trader which you were following General Fee Deposit: free Withdrawal: depends on crypto Trading Fee Rate: 0.075% Spread: 0.02% ~ 0.2% (for crypto 0.02% ~ 0.1% ) Professional Traders Payment Get 8% profit share of the daily net profit from their followers Regulations Estonia MTRUSA’s MSB Canada FINTRAC MSB Australia DCE AUSTRAC Order Types Market Order Trigger Order Limit Stop Loss Take Profit Minimum and Maximum Investments Minimum – 2 USDT Maximum limit – no limit Leverage 1:20 to 1:150 Filters to find Traders Cumulative PnL, Account Assets, Followers, Cumulative Earnings of Followers, 30D Profit Rate, and Max. Drawdown. Demo Account Spot Trading – yes Copy Trading – No App Availability Android and iOS.
How to become a professional trader on BingX ?
To become a professional trader at BingX , first, meet all the eligibility criteria. Once you do that, you will be eligible to become a trader on this platform.
Eligibility Criteria:
Both the normal or listen traders need to have a minimum deposit of 50 USDT. They must complete their KYC.
Once you are eligible to become a trader, you can start sharing your trade by going to settings – Share Trading. The next step is to apply to become a listed trader. Therefore, ordinary traders have to meet the following requirements to become a listed trader:
Their trading volume should be higher than 1,000,000 USD in the past three weeks. The win rate of the ordinary trader must be greater than 55%. Further, the number of trades in the past three weeks must be greater than 15. Also, the historical deposit on the user’s account should be more than 100 USDT. In addition, the account profitability percentage has to be greater than 30% in the past three weeks.
Also, note that if your percentage or amount in the requirements mentioned above falls in the future, then BingX will hide your profile temporarily. Further, there are other requirements, which both ordinary and listed traders have to maintain, based on their number of followers. However, in any case, if you fail to do so, BingX can cancel the qualifications of that trader.
Trading restrictions are also applied to professional traders to protect the copiers from high risks. Following are the restrictions you have to maintain:
The ordinary traders with more than or equal to 100 followers should have less than or equal to ten trades. Also, the listed trader’s maximum trade per day should not be more than 10.
Besides this, look at the image below to find the limitations on maximum leverage.
BingX traders.
Pros and Cons.
Pros Cons High leverage up to 125x is available. Limited cryptos are available. It has an easy-to-use web platform and application. Not available for US citizens. Further, this platform has high security with four licenses.
5th Top Copy Trading Platforms: PrimeXBT.
What is PrimeXBT?
PrimeXBT is a new crypto exchange platform, which was founded in early 2019. It supports different products, including forex, cryptos, stock indices, and others. Further, the platform aims to offer services and products that users require in their day-to-day trading life.
Top Copy Trading Platforms: PrimeXBT.
Features Features Description Countries Availability 150+ countries. The USA, Canada, Japan, France, and 11 other countries are restricted. Trading Volume $545,000,000 Available Cryptocurrencies 30+ crypto pairs 10+ crypto assets Copy Trading Fee Entry Fee: 0.075% 20% fee to the professional trader which you were following20% for the platform General Fee Deposit: free withdrawal: depends on crypto trading Fee Rate (crypto): 0.05% Professional Traders Payment Get a 20% profit share of the daily net profit from their followers Regulations None Order Types Market Order LimitStop Order Stop Loss OCO Take Profit Minimum and Maximum Investments Minimum – 0.001 BTC Maximum single trade size – 100 BTC Leverage Crypto – 1:10 to 1:50 Forex – 1:100 Filters to find Traders Currency, followers, profit percentage Demo Account Spot Trading – yes; Copy Trading – No App Availability Android and iOS.
How to become a professional trader at PrimeXBT?
To become a professional trader on PrimeXBT and start earning, you need to create and manage your own strategy. Follow the below steps to create your strategy:
Sign in to your PrimeXBT account. Select Covesting from the top menu options.
Get started with PrimeXBT.
Now, click on "My Strategies." In this section, you can manage your strategies or create new one’s. Click on "Get Started." A window will open. Fill in the details, including your preferred cryptocurrency, strategy name, and description.
Fill in the details at PrimeXBT.
Add your social media links and your starting capital amount. Click on "Create Strategy." A confirmation pop up window will show up. Click on "Confirm" to proceed further. Once it’s created, you can manage it and start trading by clicking on "Trade."
Also, note that your strategy history is hidden by default, or you can say in private mode. However, a strategy manager can easily make it public by going to "My Strategies" -> select the strategy -> Strategy management section -> Make my trading history public.
Pros and Cons.
Pros Cons No KYC is required. The coveting fee is high. 24/7 and responsive customer services. Not available in the USA. It is a multi-product platform. Easy to use. No requirements are needed to become a professional trader besides a minimum deposit of 0.01 BTC.
6th Top Copy Trading Platforms: MoonXBT.
What is MoonXBT?
MoonXBT is a new crypto trading platform, which has been active since 2021. It is a crypto derivatives exchange with several headquarters, including Singapore, Malaysia, Japan, South Korea, and others. Besides light contract trading, it is known for low fees and high leverage. To learn more, read MoonXBT review.
Top Copy Trading Platforms: MoonXBT.
Features Description Countries Availability Available in around 200 countries in the world Available Cryptocurrencies At the moment, supports 17 trading pair BTC, BCH, ETH, LTC, EOS, XRP, TRX, ETC, DOGE, ADA, BSV, LINK, SXP, UNI, AAVE, FIL, and DOT Copy Trading Fee No exchange Fee Profit ratio distribution Traders can set the ratio between 1% to 10%. General Fee Deposit: free Trading Fee (Open/Close a position) = Margin * leverage * 0.05% Overnight Financing = Margin * leverage * 0.05% Withdrawal :(OMNI): 28 USDT (ERC20): 10 USDT USDT (TRC20): 1 USDT Regulations None Order Types Market Order Trigger Order Stop Profit Stop Loss Minimum and Maximum Investments Minimum = 1 Number of copy-trades per day Sum of Copy-trade’s position margin Leverage 1:100 t0 1:150 Professional Traders Payment A professional trader can earn up to 10% of their follower’s profit shares Demo Account Free demo account for a limited period App Availability Android/ IOS.
How to become a professional trader on MoonXBT?
The process of becoming a professional on moonXBT is quite simple. First, you have to complete the minimum requirements, and you will be set to start earning profits.
The minimum requirements you need to fulfill are:
You need to deposit a minimum amount of 500 USDT. The number of orders should be more than or equal to 10.
Also, note, please check for the following points before you move further to apply for becoming a professional trader:
Make sure you are not copying from any other traders. All of your orders are closed and do not have any pending orders.
After completing the requirements, follow the steps:
Sign in to your MoonXBT account. Select Copy Trading from the top menu.
Select Copy Trading from the top menu.
Once the page opens, click on "Become a Trader" in the top left corner. A dialogue box will appear, agree to the terms and click "OK."
Agree to the terms.
If your requirements are fulfilled, then you will be able to proceed further and become a professional trader.
Also, note that you can directly contact the support to apply for becoming a professional trader.
Pros and Cons.
Pros Cons It does not charge anything for depositing. Supported cryptocurrency is less. Light trading is also available besides copy trading. Low liquidity because it’s a new platform. The fee is low in comparison to other exchanges. Live support is available at any time.
7th Top Copy Trading Platforms: Gate.io.
What is Gate.io?
Gate.io is known to be one of the oldest crypto-to-crypto exchanges, which was launched in 2017. Earlier, it was based in China; however, now its location in Virginia, as mentioned on their website. Moreover, it supports more than 500 leading cryptocurrencies and 1000+ trading pairs, which gives users a lot of options to choose from. However, you should note that even though Gate.io offers several products, it is not recommended for beginner or novice traders.
Read our Gate.io review to know more.
Top Copy Trading Platforms: Gate.io.
Features Description Countries Availability 100+ regions. Not available for citizens and residents of Washington State(U.S.A), New York State(U.S.A), copy crypto traders reddit Cuba, Iran, North Korea, Sudan, Syria, the Government of Venezuela, and Crimea. Trading Volume $1.33b Available Cryptocurrencies 500+ cryptocurrencies and tokens Copy Trading Fee Exchange Fee: none 5% fee to the professional trader which you were following General Fee Deposit: free Withdrawal: depends on crypto Trading Fee: depends on 30-day trading volume Professional Traders Payment Get a 5% profit share of the daily net profit from their followers Regulations None Order Types Market Order Limit Iceberg order Hidden Order Post Only Order Conditional Order IOC Minimum Investments $10 Leverage Up to 1:150 Demo Account Yes App Availability Android and iOS.
How to be a professional trader at Gate.io?
Gate.io mentions no particular requirements to be a professional trader. Users just have to go and create their own strategies to earn the rewards of copy trading from the profits of their followers. Following are the steps to create your strategy:
Register or Sign in into your account. Complete your KYC and deposit a minimum of 100 USD or equivalent in your wallet. Click on "Copy Trading" from the top menu.
Click on "Copy Trading" from the top menu.
Now, either you can create your strategy from scratch, or where to copy trade crypto you can select from template strategies. If you create your own, then click on "Custom Strategy." Fill in the details, and click on backtest.
Fill in the details.
Pros and Cons.
Pros Cons Offers around 800 cryptos and tokens Not significant for beginners. Offers multiple products, including spot trading, perpetual, margin trading, copy trading, ETF, etc. Low liquidity. The fees are low. It is an unregulated platform No particular specifications to start as a professional trader.
Conclusion: Top Copy Trading Platforms.
All of the above platforms mentioned in this article have some features, some of which are common. However, if you are looking to become a copier, you should focus on the platforms where you get the best and highest from the profit distribution. Also, look for transparency and exchanges that offer more tools and features.
However, if you are looking to earn more profits while trading, you should look for platforms that provide a higher percentage of profits to you as a professional trader. Further, the platforms which have more flexibility will also suit you.
So based on that, you can choose anyone from the above-mentioned best crypto trading platforms that fit your criteria and necessities.
Frequently Asked Questions.
Does copy trading work?
Copy-trading, also known as social trading, definitely works if you select trustworthy and regulated platforms/brokers. However, you should be aware that using copy trading does not guarantee your success. It does seem promising, but you should be mindful of its risks too.
What is the benefit of copy trading?
Copy-trading allows novice or beginner traders to get familiar with the markets and the terms related to them. Also, new traders can take it as a learning opportunity by observing how professional traders move. Further, with copy trading, experienced traders can earn an extra amount plus their own benefits that they will be generating.
Is copy trading illegal?
Copy-trading allows novice or beginner traders to get familiar with the markets and the terms related to them. Also, new traders can take it as a learning opportunity by observing how professional traders move.
Is copy trading free?
Whether copy trading is free or not depends on the platform you will be using. For instance, eToro does not ask for any commission, plus copiers get to take their entire profit. However, if we talk about Gate.io copy trading, 5% of copier profits are given to professional traders.
How do you copy the best traders?
To copy from the best traders, you have to find the best possible professional trader. So, for that, use the filters provided by the platforms. Observe their number of followers, monthly trading results, profit percentage, number of traders placed, average trade duration and other factors that suit your goals.
Also read,
MoonXBT Social Trading: Earn Free Crypto with Copy Trading Bityard Copy Trading – An Ultimate Guide Aluna.Social Review 2021: A Social Copy Trading Platform for Crypto Traders Bingx Copy Trading: How to Get Started? Bitget Review – Trading Fees, Copy Trading and copy trading crypto kucoin More.
Nisha Yadav.
Hello, my name is Nisha, and I am a CSE student working hard to make my words and knowledge impact other people's lives technically and financially. Writing has always meant something to me, so here I am currently working at CoinCodeCap.
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