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To help you find the best social trading platforms in 2021, we went ahead and did the research for you. First, we selected 89 quality brokers that provide social trading. We then checked and compared basically every aspect of their offering: fees, available markets and products, trading platforms, deposit and withdrawal options and many more. To be selected among the best social trading platforms, service providers had to prove their excellence in multiple areas. We dug deep, so you won't have to.

5 brokers made it to the top. We highly recommend all 5 to you. And now, without further ado...

The top 5 picks for the best social trading platform in 2021:

  1. eToro is the best social trading platform in 2021. Free stock and ETF trading. Seamless account opening. Social trading experience.
  2. TD Ameritrade takes second place. Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
  3. tastyworks rounds out the top three. Low trading fees. Great educational materials. Good research tools.
  4. AvaTrade, numero quattro. Easy and fast account opening. Free deposit and withdrawal options. Great research tools.
  5. Comdirect just made it to the list at number five. Extensive range of products and exchanges. Great mobile platform. Rock-solid background.
Best social trading platforms in 2021
Broker Accepts clients from Score Best in
#1 eToro Globally 4.7 Best broker for cryptos
#2 TD Ameritrade US, China, Hong Kong, Malaysia, Singapore, Thailand, Taiwan, Canada (through TD Direct Investing) 4.8
#3 tastyworks Globally 4.7 Best broker for options
#4 AvaTrade Globally 4.5
#5 Comdirect Europe 4.3

What makes a good social trading platform? Obviously, they need to provide great services in all areas, but above all, they need to offer fair fees and have a good safety score. Processes for opening an account and depositing money should be user-friendly. They should also provide access to a wide range of products and have solid educational tools.

These features are easy to list, but hard to figure out. We are testing brokers based on almost 500 criteria, using real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.

Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country and your preferences, it will display the best relevant matches. Want more details? Compare brokers with the help of our in-depth comparison table.

And now, let's see the best social trading platforms in 2021 one by one, starting with the winner, eToro.

eToro Logo

#1 Best social trading platforms
eToro

4.7

eToro is a well-known Israeli fintech company and a social trading broker, established in 2007.

eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its website and does not have a bank parent.

eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech company.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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

Pros Cons
Free stock and ETF trading High non-trading fees
Seamless account opening Only one account base currency
Social trading experience Customer support could be improved

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Your capital is at risk

#1 eToro
Fees
4.4

eToro offers free stock and ETF trading, while forex and CFD fees are low. On the negative side, non-trading fees are high, including a $5 withdrawal fee and an inactivity fee.
Pros Cons
Low trading fees High non-trading fees
Free stock and ETF trading
Low forex and CFD fees
eToro fees
eToro TD Ameritrade tastyworks AvaTrade Comdirect
US stock $0.0 $0.0 $0.0 - $15.5
UK stock $0.0 - - - $15.5
EURUSD benchmark fee $8.7 $7.1 - $10.3 $18.9
Mutual fund - $50.0 - - $20.0
US stock index options - $6.5 $12.5 - -
US micro e-mini stock index futures - $22.5 $8.5 - -

All spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week and closing it.

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#1 eToro
Account opening
5.0

Account opening at eToro is seamless and very fast.
Pros Cons
Fast None
Fully digital
Low minimum deposit
eToro minimum deposit and time to open an account
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Minimum deposit $200 $0 $0 $100 $0
Time to open account 1 day 1-3 days 1 day 1 day >3 days

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#1 eToro
Deposit and withdrawal
3.5

Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
Pros Cons
Credit/Debit card available Only one account base currency
No deposit fee $5 withdrawal fee
User-friendly Conversion fee for non-USD deposits
eToro withdrawal fees and options
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No Yes No
Electronic wallets Yes No No Yes No
Withdrawal fee $5.0 $0.0 $0.0 $0.0 $0.0
Withdrawal time 2 days 2 days >3 days >3 days >3 days

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#1 eToro
Markets and products
3.8

At eToro, you can trade CFDs and forex, as well as real stocks, ETFs and many cryptos. Innovative services like social trading and CopyPortfolio are also available.
eToro markets and products
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Stock Yes Yes Yes No Yes
ETF Yes Yes Yes No Yes
Forex Yes Yes No Yes Yes
Fund No Yes No No Yes
Bond No Yes No No Yes
Options No Yes Yes No Yes
Futures No Yes Yes No Yes
CFD Yes No No Yes No
Crypto Yes Yes No Yes Yes

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#1 eToro
Web trading platform
4.4

eToro offers a user-friendly and well-designed web trading platform. Social trading is available, too. On the other hand, customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best social trading platforms - eToro trading platform
eToro trading platforms
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Web platform score 4.4 stars 4.3 stars 3.4 stars 3.8 stars 4.4 stars
Mobile platform score 4.9 stars 4.8 stars 4.2 stars 4.7 stars 4.7 stars
Desktop platform score - 4.5 stars 3.9 stars 3.4 stars 3.5 stars

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#1 eToro
Education
3.5

eToro's education tools are limited, offering only a demo account and some mediocre videos about investing.
Pros Cons
Demo account Basic educational videos
Intro guide to the platform

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Your capital is at risk

#1 eToro
Verdict

How eToro works? eToro offers zero-commission stock trading. The account opening is swift and seamless. It has a lot of innovative features, like social trading and copying other (successful) traders.

It has some drawbacks, though. Non-trading fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.

So is eToro good? Overall, we would recommend eToro for its social trading feature and zero-commission stock trading.

Risk disclaimer

eToro is a multi-asset platform that offers both investing in stocks and crypto assets as well as trading CFD assets.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro
Summary eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.4 stars
Recommended for Traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading

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TD Ameritrade Logo

#2 Best social trading platforms
TD Ameritrade

4.8

This TD Ameritrade Review concludes that it is recommended for investors and experienced traders looking for solid research and a well-equipped desktop trading platform, the Thinkorswim platform.

It is one of the biggest US-based stockbrokers founded in 1975. As an online broker it is regulated by top-tier authorities like the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

It is considered to be a safe broker as it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is overseen by top-tier regulators.

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

Pros Cons
Low trading fees (free stock and ETF trading) You can trade only on US markets
Superb desktop trading platform Accounts mostly limited to US residents
Great customer support No credit/debit cards and electronic wallets for money transfer

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#2 TD Ameritrade
Fees
4.3

TD Ameritrade offers free stock and ETF trading, while forex, bond and options fees are also low. On the other hand, it charges high fees for futures.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Free stocks and ETFs
TD Ameritrade fees
eToro TD Ameritrade tastyworks AvaTrade Comdirect
US stock $0.0 $0.0 $0.0 - $15.5
UK stock $0.0 - - - $15.5
EURUSD benchmark fee $8.7 $7.1 - $10.3 $18.9
Mutual fund - $50.0 - - $20.0
US stock index options - $6.5 $12.5 - -
US micro e-mini stock index futures - $22.5 $8.5 - -

All spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week and closing it.

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#2 TD Ameritrade
Account opening
3.6

Pros Cons
Fully digital None
No minimum deposit
Many account types
TD Ameritrade minimum deposit and time to open an account
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Minimum deposit $200 $0 $0 $100 $0
Time to open account 1 day 1-3 days 1 day 1 day >3 days

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#2 TD Ameritrade
Deposit and withdrawal
2.2

The account funding is user-friendly with no deposit fees, but USD is the only available base currency, and wire transfers incur a high fee.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Only one account base currency
User-friendly High withdrawal fee for wire transfers
TD Ameritrade withdrawal fees and options
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No Yes No
Electronic wallets Yes No No Yes No
Withdrawal fee $5.0 $0.0 $0.0 $0.0 $0.0
Withdrawal time 2 days 2 days >3 days >3 days >3 days

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#2 TD Ameritrade
Markets and products
4.0

You can trade many asset classes, from stocks to futures and forex, while nice extras include social trading and robo-advisory. On the other hand, only the US market is covered.
TD Ameritrade markets and products
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Stock Yes Yes Yes No Yes
ETF Yes Yes Yes No Yes
Forex Yes Yes No Yes Yes
Fund No Yes No No Yes
Bond No Yes No No Yes
Options No Yes Yes No Yes
Futures No Yes Yes No Yes
CFD Yes No No Yes No
Crypto Yes Yes No Yes Yes

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#2 TD Ameritrade
Web trading platform
4.3

Pros Cons
User-friendly Limited customizability (for charts, workspace)
Two-step (safer) login
Good variety of order types
Best social trading platforms - TD Ameritrade trading platform
TD Ameritrade trading platforms
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Web platform score 4.4 stars 4.3 stars 3.4 stars 3.8 stars 4.4 stars
Mobile platform score 4.9 stars 4.8 stars 4.2 stars 4.7 stars 4.7 stars
Desktop platform score - 4.5 stars 3.9 stars 3.4 stars 3.5 stars

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#2 TD Ameritrade
Education
5.0

TD Ameritrade offers great educational materials such as webcasts and articles, and its excellent Thinkorswim desktop platform has a demo account.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos

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#2 TD Ameritrade
Verdict

It is one of the biggest US online brokers. It charges no commission on stock and ETFs.

Research and education are outstanding, the Thinkorswim desktop platform is one of the best on the market. Customer service is great.

The drawbacks are that it charges high financing (margin) rates, and it doesn't accept credit/debit cards and electronic wallets for money transfers. Furthermore, the product portfolio covers only the US markets.

We definitely recommend giving it a try, especially as their education tools include a demo as well.

TD Ameritrade
Summary TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group.
Fees score 4.3 stars
Recommended for Investors and traders looking for solid research and a well-equipped desktop trading platform

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tastyworks Logo

#3 Best social trading platforms
tastyworks

4.7

tastyworks is a young, up-and-coming US broker focusing on options trading. It is regulated by the top-tier Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Australian Securities and Investments Commission (ASIC) for Australian clients

The people behind tastyworks are the same experts who built thinkorswim, now operated by TD Ameritrade. tastyworks is privately owned; it was established in 2017 and is headquartered in Chicago.

Recommended for options and futures traders focusing on us markets

Pros Cons
Low trading fees Limited product selection
Great educational materials Few deposit and withdrawal options
Good research tools No demo account

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#3 tastyworks
Fees
4.5

tastyworks has low trading fees and there is no inactivity fee. On the other hand, you have to pay a high withdrawal fee for wire transfers.
Pros Cons
Low trading fees Withdrawal fee for bank (wire) transfers
Low stock and ETF fees / Free stock trading
No inactivity fee
tastyworks fees
eToro TD Ameritrade tastyworks AvaTrade Comdirect
US stock $0.0 $0.0 $0.0 - $15.5
UK stock $0.0 - - - $15.5
EURUSD benchmark fee $8.7 $7.1 - $10.3 $18.9
Mutual fund - $50.0 - - $20.0
US stock index options - $6.5 $12.5 - -
US micro e-mini stock index futures - $22.5 $8.5 - -

All spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week and closing it.

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#3 tastyworks
Account opening
5.0

tastyworks account opening is user-friendly, fast, fully digital, and involves no minimum deposit.
Pros Cons
Fast None
Fully digital
No minimum deposit
tastyworks minimum deposit and time to open an account
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Minimum deposit $200 $0 $0 $100 $0
Time to open account 1 day 1-3 days 1 day 1 day >3 days

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#3 tastyworks
Deposit and withdrawal
1.9

tastyworks's deposit and withdrawal functions are easy to use and there's no deposit fee, but you can use only bank transfer, and withdrawals can be expensive especially for non-US clients.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly Only one account base currency
Free ACH withdrawals in the US High fee for wire withdrawals
tastyworks withdrawal fees and options
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No Yes No
Electronic wallets Yes No No Yes No
Withdrawal fee $5.0 $0.0 $0.0 $0.0 $0.0
Withdrawal time 2 days 2 days >3 days >3 days >3 days

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#3 tastyworks
Markets and products
2.6

At tastyworks, you can trade US stocks, ETFs, options and some futures. Other popular asset classes like mutual funds or bonds are missing, as are international assets.
tastyworks markets and products
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Stock Yes Yes Yes No Yes
ETF Yes Yes Yes No Yes
Forex Yes Yes No Yes Yes
Fund No Yes No No Yes
Bond No Yes No No Yes
Options No Yes Yes No Yes
Futures No Yes Yes No Yes
CFD Yes No No Yes No
Crypto Yes Yes No Yes Yes

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#3 tastyworks
Web trading platform
3.4

The tastyworks web platform is great for experienced traders, especially for options trading. However, it takes time to figure out how its functions work, and its customizability is limited.
Pros Cons
Clear fee report Limited customizability (for charts, workspace)
Price alerts Not suited for beginners
Two-step (safer) authentication for certain functions
Best social trading platforms - tastyworks trading platform
tastyworks trading platforms
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Web platform score 4.4 stars 4.3 stars 3.4 stars 3.8 stars 4.4 stars
Mobile platform score 4.9 stars 4.8 stars 4.2 stars 4.7 stars 4.7 stars
Desktop platform score - 4.5 stars 3.9 stars 3.4 stars 3.5 stars

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#3 tastyworks
Education
4.5

tastyworks has superb educational materials on options trading on its tastytrade platform. On the other hand, there is no demo account.
Pros Cons
Trading platform tutorial No demo account
Educational videos
Good production quality

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#3 tastyworks
Verdict

tastyworks is an excellent broker for options trading, but it is a bit complicated if you want to trade stocks only.  

tastyworks's trading fees are low, with free stock and ETF trading fees. Its trading platform is aimed at experienced options traders and can be intimidating for beginners. However, its educational and research tools are great for learning. Deposit and withdrawal processes could be better, and a demo account would also be great for practice purposes.

As there is no minimum deposit, no inactivity fee, or monthly fee, and the account opening process is seamless, you should feel free to try it.

tastyworks
Summary tastyworks is a recently established US options and stockbroker. It is overseen by FINRA, a top-tier regulatory body.
Fees score 4.5 stars
Recommended for Options and futures traders focusing on US markets

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AvaTrade Logo

#4 Best social trading platforms
AvaTrade

4.5

AvaTrade is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities, such as the Central Bank of Ireland.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for an option to use metatrader platforms

Pros Cons
Easy and fast account opening Only CFDs, forex, and cryptos offered
Free deposit and withdrawal options High inactivity fees
Great research tools Average forex fees

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71% of retail CFD accounts lose money

#4 AvaTrade
Fees
3.5

AvaTrade has low CFD and average forex fees. Withdrawals are free of charge, but inactivity fees are quite high.
Pros Cons
No withdrawal fee High inactivity fees
Low CFD fees FX trading fees are average
AvaTrade fees
eToro TD Ameritrade tastyworks AvaTrade Comdirect
US stock $0.0 $0.0 $0.0 - $15.5
UK stock $0.0 - - - $15.5
EURUSD benchmark fee $8.7 $7.1 - $10.3 $18.9
Mutual fund - $50.0 - - $20.0
US stock index options - $6.5 $12.5 - -
US micro e-mini stock index futures - $22.5 $8.5 - -

All spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week and closing it.

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71% of retail CFD accounts lose money

#4 AvaTrade
Account opening
5.0

Account opening at AvaTrade is seamless and fully digital. You can start trading literally in minutes.
Pros Cons
Fast None
Fully digital
Low minimum deposit
AvaTrade minimum deposit and time to open an account
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Minimum deposit $200 $0 $0 $100 $0
Time to open account 1 day 1-3 days 1 day 1 day >3 days

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71% of retail CFD accounts lose money

#4 AvaTrade
Deposit and withdrawal
4.5

AvaTrade offers several free options for deposit and withdrawal. On the negative side, withdrawal took us 3 business days, and debit card deposits can also be slow.
Pros Cons
Free withdrawal Slow withdrawal - over 3 days
No deposit fee
Credit/Debit cards, electronic wallets
AvaTrade withdrawal fees and options
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No Yes No
Electronic wallets Yes No No Yes No
Withdrawal fee $5.0 $0.0 $0.0 $0.0 $0.0
Withdrawal time 2 days 2 days >3 days >3 days >3 days

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71% of retail CFD accounts lose money

#4 AvaTrade
Markets and products
2.0

AvaTrade offers only forex and CFDs, such as stock, index, forex and commodity CFDs. It doesn't offer other popular asset classes such as real stocks, bonds or mutual funds.
AvaTrade markets and products
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Stock Yes Yes Yes No Yes
ETF Yes Yes Yes No Yes
Forex Yes Yes No Yes Yes
Fund No Yes No No Yes
Bond No Yes No No Yes
Options No Yes Yes No Yes
Futures No Yes Yes No Yes
CFD Yes No No Yes No
Crypto Yes Yes No Yes Yes

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71% of retail CFD accounts lose money

#4 AvaTrade
Web trading platform
3.8

AvaTrade's web platform is user-friendly, well-designed, and has a unique order type to protect you from losses. However, it lacks customizability, two-step login and price alerts.
Pros Cons
User-friendly No two-step (safer) login
Good search function Limited customizability (for charts, workspace)
AvaProtect order type No price alerts
Best social trading platforms - AvaTrade trading platform
AvaTrade trading platforms
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Web platform score 4.4 stars 4.3 stars 3.4 stars 3.8 stars 4.4 stars
Mobile platform score 4.9 stars 4.8 stars 4.2 stars 4.7 stars 4.7 stars
Desktop platform score - 4.5 stars 3.9 stars 3.4 stars 3.5 stars

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71% of retail CFD accounts lose money

#4 AvaTrade
Education
5.0

AvaTrade is packed with lots of quality materials to educate yourself, and also offers a demo account.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos

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71% of retail CFD accounts lose money

#4 AvaTrade
Verdict

AvaTrade is regulated by several authorities globally, including the top-tier Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC), therefore it is considered safe.

We liked the seamless and hassle-free account opening. You can use a lot of deposit and withdrawal options, all free of charge. We also liked that you can use many user-friendly tools for research.

AvaTrade has some drawbacks though. The product range is limited to forex, CFDs, and cryptos, and there is a high fee charged for inactivity. Lastly, there are better alternatives if forex trading fees are your main concern.

As there is only a small minimum deposit, and your account will be ready for trading quickly, feel free to try AvaTrade.

AvaTrade
Summary AvaTrade is a global forex and CFD broker. It is regulated by several financial authorities globally, including the Central Bank of Ireland and Australia's ASIC.
Fees score 3.5 stars
Recommended for Forex and CFD traders looking for an option to use MetaTrader platforms

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71% of retail CFD accounts lose money

Comdirect Logo

#5 Best social trading platforms
Comdirect

4.3

Comdirect is a German investment bank established in 1994 and owned by Commerzbank, a major German bank. It is regulated by Germany's Federal Financial Supervisory Authority (BaFin) and is listed on the Frankfurt Stock Exchange.

Comdirect is considered safe because it has a long track record, is listed on a stock exchange, has a banking background and is regulated by the top-tier BaFin.

Being a German bank, all of Comdirect's services are available only in German.

Recommended for investors speaking german and focusing on european securities

Pros Cons
Extensive range of products and exchanges High fees
Great mobile platform Complicated account opening for non-German/Austrian residents
Rock-solid background Slow phone support and no live chat

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#5 Comdirect
Fees
2.4

Comdirect's trading fees are high for all asset classes except bonds. As a plus, non-trading fees are low, there is no withdrawal fee and an inactivity fee is charged only after 3 years.
Pros Cons
No withdrawal fee High trading fees
Low inactivity fee High stock and ETF fees
High forex fees
Comdirect fees
eToro TD Ameritrade tastyworks AvaTrade Comdirect
US stock $0.0 $0.0 $0.0 - $15.5
UK stock $0.0 - - - $15.5
EURUSD benchmark fee $8.7 $7.1 - $10.3 $18.9
Mutual fund - $50.0 - - $20.0
US stock index options - $6.5 $12.5 - -
US micro e-mini stock index futures - $22.5 $8.5 - -

All spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week and closing it.

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#5 Comdirect
Account opening
2.6

Account opening is easy and fully digital for German and Austrian residents, but is complicated and slow for others.
Pros Cons
No minimum deposit Slow
Fully digital account opening for German/Austrian residents Not fully digital
Complicated account opening for non-German/Austrian residents
Comdirect minimum deposit and time to open an account
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Minimum deposit $200 $0 $0 $100 $0
Time to open account 1 day 1-3 days 1 day 1 day >3 days

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#5 Comdirect
Deposit and withdrawal
3.5

Deposits and withdrawals are free of charge, but only bank transfer is available as a method.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Slow withdrawal - over 3 days
Several account base currencies
Comdirect withdrawal fees and options
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No Yes No
Electronic wallets Yes No No Yes No
Withdrawal fee $5.0 $0.0 $0.0 $0.0 $0.0
Withdrawal time 2 days 2 days >3 days >3 days >3 days

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#5 Comdirect
Markets and products
5.0

You can trade with almost all types of assets at Comdirect. There is also a great selection within asset classes, covering a lot of German, European and overseas exchanges.
Comdirect markets and products
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Stock Yes Yes Yes No Yes
ETF Yes Yes Yes No Yes
Forex Yes Yes No Yes Yes
Fund No Yes No No Yes
Bond No Yes No No Yes
Options No Yes Yes No Yes
Futures No Yes Yes No Yes
CFD Yes No No Yes No
Crypto Yes Yes No Yes Yes

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#5 Comdirect
Web trading platform
4.4

Comdirect's web platform is well-designed and easy to use. It has great customization options but lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Best social trading platforms - Comdirect trading platform
Comdirect trading platforms
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Web platform score 4.4 stars 4.3 stars 3.4 stars 3.8 stars 4.4 stars
Mobile platform score 4.9 stars 4.8 stars 4.2 stars 4.7 stars 4.7 stars
Desktop platform score - 4.5 stars 3.9 stars 3.4 stars 3.5 stars

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#5 Comdirect
Education
5.0

At Comdirect, you can expand your financial knowledge with multiple tools, ranging from a demo account to quality articles.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos

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#5 Comdirect
Verdict

Comdirect is a German online broker established in 1994. Its parent company is Commerzbank, one of the biggest banks in Germany.

It is recommended for traders with a good knowledge of German.

Comdirect provides access to both European and overseas exchanges with a wide range of products. Its mobile platform is great and the broker is considered safe because it has a banking background, is listed on a stock exchange and is regulated by a top-tier authority.

On the other hand, fees are high, especially stock trading fees. Anyone can open an account, although for residents outside of Germany and Austria, the process is complicated and could take several weeks. There is no functioning live chat and phone support is a bit slow.

If you are looking for a customizable web and desktop platform for trading on German markets, feel free to try Comdirect.

Comdirect
Summary Comdirect is a German investment bank offering online banking and brokerage services.
Fees score 2.4 stars
Recommended for Investors speaking German and focusing on European securities

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Best social trading platforms
What makes a trading platform good for social trading

Now that you're familiar with the top 5, you're probably also curious how we came up with this list. Let's go through a few points quickly. What is a social trading platform? Why do we think these brokers are safe? What are the most important factors when selecting the best social trading platform?

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.

Are these brokers safe?

Each broker on our list is considered safe. You can be sure none of them is a scam. They are all regulated by at least one top-tier financial authority.

However, even otherwise safe and legit brokerage companies can go bust. Remember the collapse of Lehman Brothers? In such cases, it is important to know what happens to your securities and cash. Your funds are usually held in segregated accounts, so even if your broker goes bankrupt, your funds are safe.

If all goes wrong, and a situation arises when the broker can't pay your money back, the compensation fund of the country where the broker is regulated will be your last resort.

How did BrokerChooser pick the best social trading platforms?

At BrokerChooser, we test online brokers based on roughly 500 criteria, using real accounts and real money. We don't want to overwhelm you, so we will list only the five most important criteria.

5 most important criteria for the best social trading platforms in 2021
1. Fees The trading fees of a typical US equity trade can be as much as 50 times higher at one broker compared with another. It's definitely worth checking these fees.
2. Account opening Some brokers require a minimum deposit to start investing, while others don't have such a requirement. Always check these conditions when selecting a social trading platform.
3. Deposit and withdrawal At some brokers, depositing and withdrawing funds can take five times as long and be much more expensive than at others.
4. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
5. Markets and products Want to invest in Amazon or trade Bitcoin? They may not be available at all brokers. Check the product lineup before opening an account.

Best social trading platforms
Bottom line

We've shown you the details, now let's zoom out. Here are the best social trading platforms in 2021:

Best social trading platforms in 2021
eToro TD Ameritrade tastyworks AvaTrade Comdirect
Overall score 4.7 4.8 4.7 4.5 4.3
Best in Best broker for cryptos Best broker for options
Fees score 4.4 stars 4.3 stars 4.5 stars 3.5 stars 2.4 stars
Account opening score 5.0 stars 3.6 stars 5.0 stars 5.0 stars 2.6 stars
Deposit and withdrawal score 3.5 stars 2.2 stars 1.9 stars 4.5 stars 3.5 stars
Markets and products score 3.8 stars 4.0 stars 2.6 stars 2.0 stars 5.0 stars
Web platform score 4.4 stars 4.3 stars 3.4 stars 3.8 stars 4.4 stars
Education score 3.5 stars 5.0 stars 4.5 stars 5.0 stars 5.0 stars
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71% of retail CFD accounts lose money
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eToro is our winner, having been selected the best social trading platform in 2021. Free stock and ETF trading. Seamless account opening. Social trading experience.
All of these brokers are considered safe and a great choice. Pick the winner, or any of the runners-up, and take the next step in your trading journey. Let us know what you think in the comments section.
Still unsure? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country and some trading preferences, it will show only those brokers that are relevant to you. Want more details? Compare brokers with the help of our detailed comparison table.

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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