10 Best Social Trading Platforms in the UK

If your needs are complex, technical software on your trading platform may not meet your needs. Zulutrade is set apart from competitors by the sheer number of traders whose signals you can copy with over 10,000 traders. An advanced filter system allows traders to be filtered right down to the percentage of drawdown and whether they are trading their own money. Forex Megadroid is a scalping robot that focuses on small pips of profit through multiple transactions. Scalpers work best with ECN brokers due to a requirement for a rapid trade order execution, and low bid/offer spreads to make the strategy work. Signal generator software is a service where traders are provided with both manual and automatic signals to trade on either as a free or paid-for service.

As this platform is not geared towards the beginner or casual investor, the education selection is limited but there are some videos and webinars available. The ‘heatmap’ that shows market sentiment is a unique tool, and the education is top-notch. BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors. If you’re wondering how xcritical works or just want to see inside their platform, we’ve recorded this short 4-minute video walking through the process of creating an account on xcritical. xcritical support a wide range of languages including English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch. Regulated by ASIC (AFSL #406684), and Financial Services Provider #45984 in South Africa.

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If you use forex trading for spread trading, then it is tax-free. However, if you trade using a contract of difference , you will be liable to pay capital gains tax. With xcritical you have access to over 2,400 stocks and you can opt to social and copy trade.

With ZuluTrade, users have access to some social features to interact with signal providers, by commenting and leaving feedback on trading strategies. Currently, trading with ZuluTrade can be done only via the proprietary platform, available for web browsers and mobile devices. But, by linking a partner broker to the ZuluTrade account, traders can also become signal providers and earn extra cash on their trading positions.

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The platform allows for Multiple deposit methods including PayPal and Skrill for users from supported regions. Users can gain access to their posts, discussions, market insights, news, and trading signals. TradingView integration advanced charting tools and an array of technical analysis indicators and automated strategies.

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The interconnection allows users to access all relevant information and portfolio management tools from the back office. The Demo account is available to traders who would like to get a feel at how the social and copy trading platform operates. The demo account comes with all the functionality of a real account, allowing traders to polish their trading skills risk-free. This auto-trading platform connects to MT4 and MetaTrader through an API, which means you can use Zulu directly on those platforms. You can follow and copy other, more experienced traders, and you can also select from a large group of signal providers who are leaders in the industry.

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To do this, spreads and commissions need to take into account; many developers selling robots do not go this extra step and have modeling accuracy around the 90% mark. A user-friendly interface with a simple market order entry system is also an essential consideration for traders to limit any risk of errors in the placement of market orders. Safety and Security – At xcritical, all clients’ funds are held in a segregated account.

  • MyFXBook verifies the trading results of the 1000 Pip Builder on an ongoing basis, and over the last 24 months, signal recommendations have generated 6500 pips of profit.
  • Through this Vantage platform, users can interact with more than 90,000 other traders.
  • You will also be able to understand how trading works in real time, and how to use trading tools efficiently.
  • You can also use their social features to find the best settings, brokers, plus tips and tricks.

To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, xcritical offers a demo account that you can use to practice and familiarise yourself with their platform. Furthermore, ZuluTrade is also partnered with over 50 online trading brokerages, many of which are regulated.

Contact & Customer Support

We remain committed to delivering an excellent and fully transparent user experience, in our effort to provide the best possible copy trading conditions. They know fully well the trades were closed in profits were also supposed to be closed on my follower account. They have decided to ignore evidence and facts and want to claim that the mt4 account was not linked when 2 days ago it was working fine… First they claim the mt4 account was expired and now they want to claim it was not linked.

  • Tradeo has two trading platforms; the site’s proprietary trading platform or MT4.
  • It has increased in popularity as platforms using MetaTrader allow for the smooth integration of automated software to assist trading decisions.
  • According to this broker, their vision is to empower people to trade with confidence, they can do so because xcritical is heavily-regulated and licensed.
  • xcritical also has numerous educational materials specifically on the MT5 trading platform that are accessible for free in our ‘Education’ section.
  • Furthermore, ZuluTrade is also partnered with over 50 online trading brokerages, many of which are regulated.

It has more order types and more indicators, and allows for the detailed analysis of any type of asset. Traders at xcritical can access a choice of trading instruments including stocks, commodities, indices, forex pairs, bonds and ETFs. With API Trading, ZuluTrade and DupliTrade, https://xcritical.online/ traders can also engage in automated trading. xcritical is also one of the few brokerage companies to offer Vanilla Options. The trading app xcritical, offers traders access to the largest social trading network in the world, with a community of more than 4.5 million users.

What are forex trading platforms?

The Forex Robot you select should be considered as an addition to your trading system and not a stand-alone solution. Therefore, it should closely correlate with your forex system, including the currency pair traded, type of strategy including timeframes, and the session traded. Forex trading programs encompass a wide range of different software to help forex traders to trade the foreign exchange market successfully. Another positive point when it comes to the ZuluTrade app is that it is very easy to register. The minimum deposit is only $100 and it is easy to connect as long as your broker has a partnership with ZuluTrade. Accessibility is improved by the fact that you can also open an account directly through ZuluTrade but the minimum deposit may vary depending on your choice of broker.

NAGA Proprietary platform enables social trading, with professional trading tools, the possibility to auto copy other traders and engage with a community of social traders. With an industry presence spanning more than 10 years, we are a leading IB broker of forex and CFDs trading accounts to virtually all of the world’s top brokers. One of our primary missions is also to help the trading community make informed decisions, by publishing accurate and unbiased content, supported mainly by primary sources. Overall, the ZuluTrade.com offering is attractive to traders of all experience levels. Yet despite being user-friendly, the service does work best if you opt for the company’s own brokerage, AAAFx.

MQL or MetaQuotes Language is connected to MetaQuotes software, they are behind the MetaTrader trading platforms offered by almost every top forex broker. DupliTrade has a very strict process for allowing a trader to become a strategy provider, but it is much easier to become a signal provider with ZuluTrade. With DupliTrade, you and your strategy provider are using your broker account funds. However, with ZuluTrade, the signal provider does not have to use their capital funds, putting your capital at risk.

Brokers are often very fast to respond to us, since we typically have many clients with them. Our knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. We also offer trading tools, calculators, reviews and a robust forex education section. The ZuluTrade trading platform collaborates with brokers that provide trading for stocks, cryptos, forex, commodities, such as oil, and indices, such as the NASDAQ.

Unlike xcritical and ZuluTrade, which began as traditional asset trading platforms, Covesting has been entirely focused on digital currency trading. Traders can view various statistics on the signal providers they choose to follow such as their rank, trade history, current trades, profitability, xcritical website and more. These statistics can be viewed in a couple of ways such as tables and charts. Traders also have the chance to interact with signal providers in forums and through personal messages. All in all, the trading platform is packed with useful features that are easy to use and understand.

FX Junction facilitates discussion between traders at all levels. Axiory provides more than 150 CFD assets alongside a minimum deposit of $10. xcritical offers a range of 1000+ CFD with a $100 minimum deposit to start trading. xcritical provides 1000+ assets, both CFD and real with a minimum deposit requested from $10 to $200 depending on your location in order to start. With Profit-Sharing accounts, the Traders’ interest is aligned with the investor’s, since they are paid with a share of the profit of the investor’s account.

CFDs are complex instruments and bring high risk of losing money because of the leverage they provide. No information or opinion contained on this site should be taken as xcritical advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. Past performance should not be considered evidence or guarantee for future performance. As the name describes, strategy providers are advanced traders with extensive knowledge and impressive trading records. These providers are trading on their own live accounts with real-money and with licensed Forex brokers.

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