LiteForex and eToro claim to have the best copy trading platform. We reviewed their platforms in detail to see for ourselves and explore their trader profiles, features and reward programmes.
eToro is one of the first and largest social trading platforms. It allows you to connect with over 5 million active traders, and was voted "Best Social Trading Network" in 2012 and 2011 in the World Finance awards. Read our CopyTrader review or visit eToro.com to open an account online and see for yourself. LiteForex, an award-winning ECN broker, only recently launched it’s own copy trading platform.
eToro provides a comprehensive view of each trader's performance history and appetite for risk, helping you make an informed copy decision:
LiteForex provides a more detailed view of each trader's trading history, however, we find that its measures of performance and risk are lacking.
eToro and LiteForex provide very different approaches to copying other investors' trades:
Copy trading platforms will reward you when you share your trading activity with others and build a following:
On balance, we feel that eToro provides a superior copy trading experience. Its user profiles provide a fairer view of each trader's performance because they measure profitability across all trades, including open positions. Its risk management tools also provide a more granular level of control and sensible default settings shield even new investors from rookie mistakes.
But don't take our word for it, visit eToro.com and LiteForex.com to see for yourself. Note that LiteForex accounts with bonus funds are not eligible for social trading. In contrast, all eToro accounts are eligible.
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