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Best social trading platforms in 2023

eToro Logo
1st place
eToro
Visit broker
Your capital is at risk
TD Ameritrade Logo
2nd place
TD Ameritrade
tastyworks Logo
3rd place
tastyworks

Top 5 social trading platforms in the United States in 2023

  1. eToro is the best social trading platform in 2023 - Free stock and ETF trading. Seamless account opening. Social trading.
  2. TD Ameritrade - Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
  3. tastyworks - Low trading fees. Great educational materials. Good research tools.
  4. TradeZero - Real stocks and ETFs are commission-free. Quick and easy account opening. Excellent education and customer support.
  5. Optimus Futures - Low trading fees. Great platform and research. Fast customer service.

How did BrokerChooser select the best social trading platforms?

  • We checked whether the broker is overseen by a trusted regulator,
  • Compared fees (including spreads, withdrawal fee, commission),
  • Ranked account opening factors (such as account opening time, minimum deposit),
  • Checked the quality and user-friendliness of their social trading services,
  • Opened an account and tested the platform (charting, features, usability) with real money.


Save hours of research!

Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.

BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education and trading platforms. We check more than 500 criteria for each broker and fine-tune our methodology every year based on our own and users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 50,000 data points overall.

Best social trading platforms
Overview of the best social trading platforms

While many brokers that provide social trading offer an excellent service, the ones in our toplist go the extra mile.

Best brokers for social trading - data compiled for January 2023
Broker Markets and products score Minimum deposit Account activated in Credit/debit card deposit
eToro 4.7 stars $10 1 day Yes
TD Ameritrade 3.9 stars $0 1-3 days No
tastyworks 3.3 stars $0 1 day No
TradeZero 2.1 stars $250 1 day No
Optimus Futures 1.5 stars $500 >3 days No

Best social trading platforms
Fee comparison at the best brokers for social trading

In most cases, the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the fees for the most important assets in the table below to help with your calculations.

Trading fees at best social trading brokers in January 2023
eToro TD Ameritrade tastyworks TradeZero Optimus Futures
US stock $0.0 $0.0 $0.0 $0.0 -
UK stock $0.0 - - $0.0 -
EURUSD spread 1.0 1.3 - - -

We collect data regularly - please check the tooltip for the date of the data collection.

If you are unsure how brokerage fees work, check out our article on the various fees, charges and costs.

Best social trading platforms
Other fees at social trading platforms

Other fees consist of charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.

eToro TD Ameritrade tastyworks TradeZero Optimus Futures
Account fee No No No No No
Inactivity fee Yes No No No No
Withdrawal fee $5 $0 $0 $50 $30
Deposit fee $0 $0 $0 $0 $0

Best social trading platforms
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And now, let's see the top brokers for social trading one by one, starting with the winner, eToro.

eToro Logo

#1 Best social trading platforms
eToro

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading

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Your capital is at risk

eToro snapshot
Minimum deposit $10
Markets and products score 4.7 stars
Deposit method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, China UnionPay, Klarna, POLi, iDEAL
Withdrawal fee $5
Overall fee score 4.2 stars
Inactivity fee Yes
Read review For a detailed analysis of eToro services, check out our review for 2023
TD Ameritrade Logo

#2 Best social trading platforms
TD Ameritrade

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

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TD Ameritrade snapshot
Minimum deposit $0
Markets and products score 3.9 stars
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Overall fee score 4.1 stars
Inactivity fee No
Read review For a detailed analysis of TD Ameritrade services, check out our review for 2023
tastyworks Logo

#3 Best social trading platforms
tastyworks

Recommended for options and futures traders focusing on us markets

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tastyworks snapshot
Minimum deposit $0
Markets and products score 3.3 stars
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Overall fee score 4.2 stars
Inactivity fee No
Read review For a detailed analysis of tastyworks services, check out our review for 2023
TradeZero Logo

#4 Best social trading platforms
TradeZero

Recommended for investors and traders interested in commission-free trading and a focus on us stocks and options.

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TradeZero snapshot
Minimum deposit $250
Markets and products score 2.1 stars
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $50
Overall fee score 4.2 stars
Inactivity fee No
Read review For a detailed analysis of TradeZero services, check out our review for 2023
Optimus Futures Logo

#5 Best social trading platforms
Optimus Futures

Recommended for day traders focusing on futures and technical trading

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Optimus Futures snapshot
Minimum deposit $500
Markets and products score 1.5 stars
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $30
Overall fee score 4.8 stars
Inactivity fee No
Read review For a detailed analysis of Optimus Futures services, check out our review for 2023

Best social trading platforms
FAQ

How to find the best social trading platform?

The key aspects to consider when choosing a broker for social trading is the availability of this feature. Regulation also plays a major role. Make sure you always select a broker that is licensed or overseen by a top-tier regulator, such as the SEC in the US, the FCA in the UK or BaFin in Germany. Check to see if the broker accepts clients from your country of residence and keep an eye on costs and charges.

What is a social trading platform?

Social trading is a form of investing whereby you copy the investment strategies of others using copy trading or mirror trading. It's suitable especially for people who don't want to spend too much time trying to find good trading opportunities or strategies. A social trading platform is a service that, in addition to normal trading, lets you copy other people's trades.

Want to understand social trading better?

Check out this article written by our broker and trading experts:

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-Founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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