The Best Crypto Exchangers for Social and Copy Trading
Introduction
Social and copy trading are two popular features that are increasingly becoming available on crypto exchanges. Social trading allows traders to follow and copy the trading strategies of more experienced traders, while copy trading allows traders to automatically replicate the trades of these experienced traders. In this article, we’ll take a look at some of the best crypto exchanges that offer social and copy trading features.
eToro
Overview
eToro is a social trading and multi-asset brokerage company that offers a wide range of assets for trading, including cryptocurrencies. The platform offers a variety of social trading features, such as the ability to follow and copy the trades of other traders, and also provides a user-friendly interface.
Social Trading
eToro’s social trading feature allows users to follow and copy the trades of other traders. The platform has a wide range of professional traders to follow, and users can see their past performance and statistics, allowing them to make an informed decision about who to copy. Additionally, eToro also offers a feature called CopyPortfolios which allows users to automatically replicate a pre-built and diversified portfolio of assets.
Copy Trading
eToro’s copy trading feature allows users to automatically replicate the trades of other traders. Once a user has selected a trader to copy, the platform will automatically execute the same trades on the user’s account. This feature is particularly useful for those who are new to trading or those who don’t have the time to actively manage their own trades.
Security
eToro is regulated by several financial authorities such as FCA, CySEC, and ASIC which provides an added layer of security for its users. Additionally, eToro implements a number of security measures, including two-factor authentication and SSL encryption to keep user funds safe.
Naga Trader
Overview
Naga Trader is a social trading platform that allows users to trade a wide range of assets, including cryptocurrencies. The platform offers a variety of social trading features, such as the ability to follow and copy the trades of other traders, and also provides a user-friendly interface.
Social Trading
Naga Trader’s social trading feature allows users to follow and copy the trades of other traders. The platform has a wide range of professional traders to follow, and users can see their past performance and statistics, allowing them to make an informed decision about who to copy. Additionally, Naga Trader offers a feature called “Mirror Trading” which allows users to automatically replicate the trades of other traders.
Copy Trading
Naga Trader’s copy trading feature, Mirror Trading, allows users to automatically replicate the trades of other traders. Users can choose from a variety of pre-defined trading strategies or create their own, and then select other traders to follow and automatically copy their trades.
Security
Naga Trader is regulated by several financial authorities such as CySEC, BaFin, and FCA which provides an added layer of security for its users. Additionally, Naga Trader implements a number of security measures, including two-factor authentication and SSL encryption to keep user funds safe.
ZuluTrade
Overview
ZuluTrade is a social and copy trading platform that allows users to trade a wide range of assets, including cryptocurrencies. The platform offers a variety of social trading features, such as the ability to follow and copy the trades of other traders, and also provides a user-friendly interface.
Social Trading
ZuluTrade’s social trading feature allows users to follow and copy the trades of other traders. The platform has a wide range of professional traders to follow, and users can see their past performance and statistics, allowing them to make an informed decision about who to copy.
Copy Trading
ZuluTrade’s copy trading feature allows users to automatically replicate the trades of other traders. Once a user has selected a trader to copy, the platform will automatically execute the same trades on the user’s account. This feature is particularly useful for those who are new to trading or those who don’t have the time to actively manage their own trades.
Security
ZuluTrade is regulated by several financial authorities such as FCA, BaFin and CySEC which provides an added layer of security for its users. Additionally, ZuluTrade implements a number of security measures, including two-factor authentication and SSL encryption to keep user funds safe.
In conclusion, these are some of the best crypto exchanges that offer social and copy trading features. By using these features, traders can benefit from the expertise of more experienced traders and make more informed decisions about their trades. It’s important to do your own research and compare different exchanges before making a decision, and also make sure to consider other factors like security and regulations. And remember that as with any kind of trading, there are risks involved, and you should never invest more than you can afford to lose.
Comparison of Features
When comparing the social and copy trading features of these exchanges, there are a few key things to consider. For example, eToro and Naga Trader both offer a wide range of professional traders to follow, as well as a feature to copy a pre-built portfolio of assets. ZuluTrade, on the other hand, focuses more on allowing users to create and replicate their own custom trading strategies.
User-Friendly Interface
All of the exchanges mentioned in this article have a user-friendly interface that makes it easy for users to navigate and understand the social and copy trading features. eToro and Naga Trader have particularly intuitive platforms with a wide range of tools and resources for traders. ZuluTrade’s interface is also easy to use, but it might be less intuitive for new traders.
Regulation and Safety
All the exchanges mentioned in this article are regulated by at least one financial authority and have implemented a number of security measures to keep user funds safe. eToro, Naga Trader, and ZuluTrade are regulated by multiple financial authorities such as FCA, CySEC, BaFin and ASIC. It’s important to note that even though these exchanges are regulated and have implemented security measures, it’s always a good idea to be vigilant and do your own research when it comes to security.
Range of Trading Pairs
The range of trading pairs offered by these exchanges can be a critical factor when it comes to social and copy trading, especially when a user might be looking to trade a specific cryptocurrency. eToro, Naga Trader and ZuluTrade offer a wide range of trading pairs including various cryptocurrencies. However, it’s important to note that the range of trading pairs offered by each platform may differ, and it’s always a good idea to check the platform for the most up-to-date information.
Customizability of Strategies
Another important factor when it comes to social and copy trading is the level of customizability offered by the platform. eToro and Naga Trader offer options to copy pre-built portfolios and strategies, while ZuluTrade is more focused on allowing users to create and replicate their own custom strategies. depending on your experience, your preference should be based on the level of customizability that you need.
Level of Support
When it comes to social and copy trading, support can be an essential factor. The level of support offered by eToro, Naga Trader and ZuluTrade is generally considered to be very good, but it might differ between platforms and also different regions, it’s always a good idea to check the level of support offered by the platform before signing up.
Conclusion
In conclusion, these are some of the best crypto exchanges that offer social and copy trading features. By using these features, traders can benefit from the expertise of more experienced traders and make more informed decisions about their trades. It’s important to do your own research and compare different exchanges before making a decision, and also make sure to consider other factors like security and regulations. And remember that as with any kind of trading, there are risks involved, and you should never invest more than you can afford to lose.
| wdt_ID | # | SYMBOL | Forex Broker | Website | Year | Regulation |
|---|---|---|---|---|---|---|
| 1 | 1 |  | FTX | Open an Account | 2.019 | Cyprus Securities and Exchange Commission |
| 2 | 2 |  | KUCOIN | Open an Account | 2.018 | |
| 3 | 3 |  | GATE.IO | Open an Account | 2.017 | |
| 4 | 4 |  | BITFINEX | Open an Account | 2.012 | |
| 5 | 5 |  | HUOBI | Open an Account | 2.018 | |
| 6 | 6 |  | FTX US | Open an Account | 2.017 | DCM, DCO, SEF |
| 7 | 7 |  | LBANK | Open an Account | 2.017 | |
| 8 | 8 |  | MEXC | Open an Account | 2.018 | |
| 9 | 9 |  | OKX | Open an Account | ||
| 29 | 10 |  | POLONIEX | Open an Account | ||
| 36 | 11 |  | XT.COM | Open an Account | 2.018 | |
| 37 | 12 |  | UPBIT | Open an Account | ||
| 38 | 13 |  | PHEMEX | Open an Account | ||
| 39 | 14 |  | BITTREX | Open an Account | ||
| 40 | 15 |  | AAX | Open an Account | ||
| 41 | 16 |  | BITRUE | Open an Account | ||
| 42 | 17 |  | WHITEBIT | Open an Account | ||
| 43 | 18 |  | BIGONE | Open an Account |