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3. Zulutrade (via VantageFX) – Best Forex Social Trading Platform. ZuluTrade is a social and copy trading platform that was founded in 2007 and since then, it has become one of the largest social forex trading platforms in terms of active traders. That said, unlike eToro and AvaTrade, ZuluTrade is an external social trading software that connects through an API with other brokers that support the MetaTrader 4 or/and the MetaTrader 5.
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The last principle is called copy trading. So, social trading is a broad trend on the Forex market, and copy trading is a part of this general trend. And What is Copy Trading? Copy trading on the Forex market directly copies someone's deal. The copier can reproduce the activity of another trader manually or use a special platform.
The ascent of forex copy trading – also known as social trading, mirror trading, or auto trading – has been ongoing for over a decade. Thanks to social media and an increasingly faster web, financial news and market analysis propagate at lightning speed. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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Forex Social Trading and Copy Trade. Forex social trading enables Forex traders to interact in real-time, sharing knowledge, strategies and methods. Less experienced traders can leverage the help of traders with more experience and even copy their trades and techniques. They can actually subscribe to actual trading signals and have them execute on their own accounts.
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