Compare Top Social Trading Brokers
Automatically copy other traders to mirror their positions and portfolios. Use our comparison tables to compare FCA regulated social trading brokers in the UK.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Featured brokers appear first. Learn about how brokers are ranked...
|Broker||FCA Regulated||Client Reviews||Established||Markets Offered||Active Clients||More Info|
|eToro||Read Expert & Client eToro Reviews||2006||15,000+||6,000,000||Visit eToro 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.|
|ayondo||Read Expert & Client ayondo Reviews||2008||12,000+||n/a||Visit ayondo 72.1% of retail investor accounts lose money when trading CFDs and spread bets with this provider.|
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.