9 Best Copy Trading Brokers in Malaysia (2022)
Since 2012 we have reviewed and traded with over 160 Forex brokers in Malaysia. Brokers who offer copy-trading are increasingly popular, especially among beginners. We judge the quality of each broker’s copy-trading platform and verify their regulation to ensure trader safety. The FX Scouts team of trading experts is frequently cited in international and local media. Find out more about us here.
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Updated: December 7, 2022.
Copy-trading enables individual traders to invest their trading funds with other successful traders and copy their trading strategies, usually for a small fee or a cut of the investing trader’s profit. It is mostly beginners who are interested in copy-trading, as it requires little financial knowledge and is a good opportunity to learn from more experienced traders. But all types of traders can benefit, especially as copy-trading requires little time to implement and monitor.
To test these best brokers for copy-trading, we checked their regulation, opened a copy-trading account, and followed other traders. We also tested the different copy trading tools available to make manual trade adjustments, as traders should have full control of their trades in line with a long-term risk management strategy.
These are the best copy trading brokers in Malaysia for 2022, according to our testing and our research.
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FXTM - Best Copy Trading Platform for Beginners OctaFX - Copy Trading Broker with Best Bonuses Tickmill - Best Third-Party Copy Trading Solutions Pepperstone - Best Copy Trading ECN Broker AvaTrade - Best Copy Trader Mobile Experience HFM (HotForex) - Best Copy Trading Account IC Markets - Best Beginner-friendly Broker Axi - Best Copy Trading ECN on the MT4 Platform Skilling - Best cTrader Copy Trading Account.
Best Copy Trading Brokers 2022.
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Overall Rating.
Official Site.
Copy Trading.
Min. Deposit.
Max. Leverage (Forex)
Autochartist.
Trading Central.
Trading View.
Total CFDs.
Share CFDs.
Commodity CFDs.
Currency Pairs.
Regulators.
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How to compare copy trading brokers.
Most brokers offer some form of copy trading, and while some have their own copy trading systems, third-party communities like Duplitrade, Zulutrade, and myFXbook are also available. When comparing brokers by their copy trading functionality, consider:
Regulation: kraken copy trading Always verify that your broker is regulated. Regulation is the safety of funds and an absolute requirement for any trader.
Trading platform: Are you using the broker’s copy-trading service, or copy trades crypto is it via Zulutrade, Duplitrade or Myfxbook, which may have additional monthly costs if not provided for free.
Transparency and risk: A better copy trading system will provide traders with a detailed breakdown of the traders to copy. These metrics should include risk metrics, profit (short-term, medium-term, long-term) and max drawdown. Finding winning traders is important, but equally important is finding winning traders who share your risk appetite.
The number of quality of traders to copy: Your broker must have a larger set of traders for you to follow. A limited set of traders will mean that you may not find the appropriate trader with the right metrics to follow.
Flexibility: Copy trading is not mirror trading, where your trading account mirrors the trading activity of the person you are following. Flexibility will let you filter which trades to copy, using preset parameters for forex copy trading signals cost/risk/return to guide you.
Binding period: A trader should be able to stop copying trades instantly and not be locked in for a set time. A trader should refuse any attempt by a broker or a third-party service to legally bind you to a copy trading provider.
Paying the provider: Are you paying a flat fee, or are you only paying a fee for profitable trades? Are you paying a subscription fee to the broker? The cost directly owed to the signal provider should be transparent.
Copy trading accounts: Copy trading may be limited to specific broker accounts. Find out which accounts offer copy copycat crypto trading (http://____.binaryoptionsreview.tech/), understand what the minimum deposit on that account may be, and if the cost of trading (spreads and commission) is different on that account before signing up and making a deposit.