Compare Top Social Trading Brokers
Follow the most profitable traders to make money when they do. Use our comparison tables to compare FCA regulated social trading brokers in the UK.
Social trading, spread betting and CFD trading carries a high level of risk and can result in more than your initial deposit.
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ayondo are one of the more innovative social trading brokers as they focus on offering social trading. So you can basically copy other spread betting traders and make money when they make money. They offer new clients £500 to switch accounts to drum up new business and offer traditional spread betting as well. You can even set your margin limits to 100% if you want to trade on a non-leveraged basis and just take advantage of the tax breaks. If you go to ayondo because of the social trading feature you can earn money by getting other traders to follow you or by choosing a winning trader to follow. Obviously picking a winning trader to follow is just as hard as picking a winning stock! Sign up with ayondo here.
The eToro social trading network was originally called retail FX when it was founded in 2006. It now have millions of traders ranked in leagues across the world. The eToro website claims to have over 4,500,000 registered traders. For new traders it is possible to claim up to $1,000 as a welcome bonus as as with all social trading networks you can earn money by being a leader or by following a profitable trader. Find out more…
What is social trading?
Social trading is a process by which traders copy the trades of another trader. It is a form of mirrored execution that have been around for a decade or so. However, it has recently been made popular by social trading networks like ayondo and etoro
Can you really make money with social trading?
It is possible to make money with social trading. To do so you need to follow profitable traders. However, if you follow a trader that does not make money you will also lose money. It is possible to make more or less profit or loss than the trader you follow by setting your risk perimeters accordingly.
How to get started in social trading
To get started and start social trading you need to have an account with a social trading broker or social trading network. They are essentially the same thing as the network acts as a broker for the traders to execute trades. When you have compared the social trading sites in our comparison tables and opened an account you then need to pick a trader to follow.
The best social trading sites
The most important being the traders that allow other to follow them and how much profit they make. If a social trading network does not have any profitable traders it is obviously no good.
Social trading reviews
You can read reviews of the top social trading brokers by clicking on the review link in our social trading site comparison tables. In the reviews we look at the key features like profitability, diversification, company history, management and innovative products and regulation.
How do social trading gurus get paid?
The social trading gurus or trade leaders get paid two ways. First they bank their own profits from trading and secondly by either a flat fee per follower or a percentage of the income generated for the traders that follow their executions.
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