Social trading - Learn what it is and how you can get started

Our top broker picks for social trading
eToro
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Social trading - Learn what it is and how you can get started

If you have ever bet on sports, you likely found sites which give tips on what you should bet. It's similar to social trading in the world of trading. 

Social trading
Social trading definition

Social trading is a form of investing that allows you to copy investment strategies from others. It's suitable for people who don't want to invest too much time to find good trading opportunities or strategies.

What is a social trading platform?

A social trading platform is a service that let's you copy other people's trades and actually do social trading.

Social trading
How social trading works?

The way social trading works from your perspective is simple. In the platform of these brokers you just search among other traders who share their strategy, trading ideas, and historical performance. After you find the most suitable trader for your needs you can replicate their activity by one click.

The flip side of it is that you need to be careful when selecting the trader to be followed. Check their historical performance and also the risk level they are taking to have realized that historical performance.

Not every broker provide this service, so you have to find a good one, for example, eToro.

Social trading
eToro - Best Social Trading

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

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Best trading platform for Europeans - Etoro - Web trading platform

Social trading
What is copy trading?

Copy trading is a trading approach in which you copy parts of someone else's strategy. Copied elements can include but are not limited to order types, assets and allocations.

Social trading and beyond - continue learning

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. This is not investment advice.

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

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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