Comparison of social/mirror trading platforms

(information last updated on 22 May 2019)

Forex broker comparison  Quebec and Canadian brokers

The tables on this page compare the characteristics of social trading networks and mirror trading platforms. These forex trader networks (ZuluTrade, eToro, Tradency, Sirix and MQL5) are also discussed in detail in the social trading section. They often use different names to describe the people or trading strategies that you can copy (ex: signal providers, Trade Leaders, gurus or strategy providers). In the below tables, we simply use the word "Traders" to identify them.

The information displayed on this page is presented on an indicative basis. It relies on the data published by brokers on their respective websites and there may be a lag in the updating of their data on this broker comparison page.

 Mirror trading
Home officeChoice of brokersMinimum depositTrading instrumentsCost per trade EUR/USD spreadDemo account
2007GreeceProprietary broker (AAAFX) + 14 others$300Forex, binary options, CFDs, cryptocurrenciesSpread + 0.8 to 1.5 pips (0 pips for AAAFX) or Spread + 20% of profits~ 1.2 pipsOpen an account
2011CypruseToro$200Forex, indices, commodities, sharesSpread3 pipsOpen an account
2005United States13 brokers$100ForexSpread + 0 to 2 pips3 pipsOpen an account
2013CyprusBrokers with MetaTrader 4 and 5$5Forex, indices, commodities, sharesSpread~ 1.7 pipsOpen an account


 Number of strategiesAutomatic copyingCopying followers Ability to initiate trades manuallyAllocation of funds Risk managementMax. number of traders you can copy at the same timeSee traders' account balances
with an internet connection


 Conditions to become a traderAll traders use a real accountHow are traders paid?Payments linked to performanceTrading historyExport history to Excel
Max. DD of 30%, 12-week trading history, profit per trade greater than 3 pips
0.5 pips for each trade or 20% of profits
only for positive months
Fixed commission starts when you have 50 copiers
1 year
Trading perfomance evaluated during 1 month (minimum of 30 trades)
Commission on volume or fixed for each copier
1 month trading history
Fixed monthly commission


 Interact with tradersRate tradersMobile appIntegration with FacebookIntegration with TwitterForumOur reviewOpen an account
ZuluTradeOpen a ZuluTrade account
eToro OpenBookOpen an OpenBook account
TradencyOpen a Tradency account
MLQ5Open a Signal Trader account


 Next: The difference between social trading and mirror trading