Comparison of social/mirror trading platforms

(information last updated on 23 September 2020)


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, FxOpen 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
since
Home officeChoice of brokersMinimum depositTrading instrumentsCost per trade EUR/USD spreadDemo account
2007GreeceProprietary broker (AAAFX) + 14 others300 $/£/€Forex, binary options, CFDs, cryptocurrenciesSpread + 0.8 to 1.5 pips (0 pips for AAAFX)~ 1.2 pipsOpen an account
2005NevisFxOpen1 $/£/€Forex, indices, commodities, cryptocurrenciesSpread~ 1.1 pipsOpen an account
2017Cyprus11 brokers2000 $/£/€Forex, indices, commodities, cryptocurrenciesSpread~ 1.16 pipsOpen an account
2013CyprusBrokers with MetaTrader 4 and 55 $/£/€Forex, 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
10,000+
Unlimited
169+
Unlimited
11
Unlimited
5,000+
with an internet connection
1

 

 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
Complete
Open a real account
Variable according to the trader
If the trader accepts
Traders selected by DupliTrade, min. opening balance $2,000, 20% max. drawdown
$5 per lot
only for profitable trades
Complete
1 month trading history
Fixed monthly commission
Complete

 

 Interact with tradersRate tradersMobile appIntegration with FacebookIntegration with TwitterForumOur reviewOpen an account
ZuluTradeOpen a ZuluTrade account
FxOpenOpen a FxOpen account
DupliTradeOpen a DupliTrade account
MLQ5Open a Signal Trader account

 

 Next: The difference between social trading and mirror trading