7 Best Copy Trading Platforms in the UK

Authored by:
Adam Woodhead
Adam Woodhead

Adam Woodhead

Co-Founder

Adam is a Co-Founder and content creator for The Investors Centre. His key areas of interest and expertise are cryptocurrency and blockchain technology.

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Reviewed by:
Thomas Drury
Thomas Drury

Thomas Drury

Co-Founder

Seasoned finance professional with 10+ years' experience. Chartered status holder. Proficient in CFDs, ISAs, and crypto investing. Passionate about helping others achieve financial goals.

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Risk Warning

The information provided in this article is for educational and informational purposes only and does not constitute financial or investment advice. The future performance of cryptocurrencies, including the low-cap coins listed here, is inherently uncertain and subject to significant market volatility, regulatory changes, and technological developments.

Investing in cryptocurrencies carries a high level of risk, and you should only invest what you can afford to lose. Past performance of these coins does not guarantee future results. Conduct your own research (DYOR), consider seeking advice from a financial professional, and evaluate your risk tolerance before making any investment decisions.

Updated 01/01/2025

Explore our curated list of reputable, regulated brokers for 2025, each rigorously tested with real funds. All brokers are accessible to traders in the United Kingdom.

Quick Answer: Who is the Best Copy Trading Broker in the UK?

The best copy trading broker in the UK is eToro. Renowned for its user-friendly interface and diverse social trading features, eToro allows users to replicate the trades of experienced investors, making it ideal for beginners and seasoned traders alike.

Here are the Top 7 Best Copy Trading Platforms in the UK

  1. eToro – Best Overall Copy Trading Platform
  2. AvaTrade – A Top Choice for Access to MT4 & MT5
  3. Pepperstone: Excellent for Those Focusing on Forex
  4. FP Markets: Best Option for MetaTrader Users
  5. FXTM: A Worthy Option with a Low Minimum Deposit Requirement
  6. TickmillA Good Choice for Accessing CFD Instruments
  7. IC MarketsTargeted for Copy Trading Options

Featured Broker

4.7/5

eToro - Best for Beginners

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

How do these Copy Trading Brokers Compare?

PlatformOverall Rating% of Retail CFD Accounts Losing MoneyFCA RegulatedMinimum DepositCopy Trading PlatformPlatform UsabilityDemo Account AvailabilityAccount Types
eToro5.0/551%YesVaries by regionCopyTrader5YesSocial investing features, user-friendly platform
AvaTrade4.5/571%No£100AvaSocial4.6YesMultiple platforms (MT4, MetaTrader 5)
FXTM4.5/575.20%Yes£200Myfxbook AutoTrade4.8YesMT4 & MT5 integration, advanced charting
Interactive Brokers4.0/562.50%No£100IR Copytrade4.2YesMT4 & MT5 integration, cTrader platform
FXTM Invest4.0/567%Yes£10FXTM Invest (Managed Accounts)3.9YesOffers pre-built investment strategies
Myfxbook AutoTrade3.5/571%No£100Myfxbook AutoTrade3.8YesMT4 & MT5 integration, low spreads
cTrader (via multiple brokers)3.5/571%No£200Myfxbook AutoTrade4.2YesMT4 & MT5 integration, cTrader platform

Top 7 Options Trading Platforms

4.7/5

TIC Score 4.7/ 5

eToro – Best Overall Copy Trading Platform

eToro copy trading platform highlighting top investors and trade replication

eToro is widely acclaimed for its comprehensive social trading features, making it a top choice for individuals looking to engage in copy trading. Its platform facilitates a vibrant community where traders can interact, share insights, and copy the trades of successful investors.

Pros

Cons

51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Trading on eToro has been a significant learning curve for me. The social aspect introduced me to strategies that have shaped my trading philosophy, making it ideal for both learning and earning through others’ expertise.

AvaTrade Logo White and Blue linking to homepage
4.5/5

TIC Score 4.5/5

AvaTrade – A Top Choice for Access to MT4 & MT5

AvaTrade copy trading platform tutorial and registration page for beginners

AvaTrade is renowned for providing traders with robust access to both MetaTrader 4 and MetaTrader 5, two of the most powerful trading platforms available. Its commitment to supporting advanced trading tools and automated trading systems makes it a favored choice among technical traders.

Pros

Cons

71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

My experience with AvaTrade has been enriching, particularly because of the seamless integration with MT4 and MT5. These platforms have empowered me with the tools necessary for detailed technical analysis and automated trading, enhancing my trading decisions.

Pepperstone Logo Blue and White linking to Pepperstone homepage
4.5/5

TIC Score 4.5/ 5

Pepperstone: Excellent for Those Focusing on Forex

Pepperstone copy trading tools and features for social trading

Pepperstone excels in the forex market, offering traders exceptionally low spreads and a high-speed execution environment. This broker is well-regarded for its focus on providing top-notch trading conditions specifically tailored for forex traders looking to maximize their trading efficiency and profitability.

Pros

Cons

75.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

My trading with Pepperstone has been notably smooth, particularly due to the low spreads and quick execution. These features have been crucial in helping me exploit forex market volatility, making Pepperstone an ideal choice for my forex trading needs.

fp markets logo uk
4/5

TIC Score 4/ 5

FP Markets: Best Option for MetaTrader Users

FP Markets copy trading interface demonstrating trade copying and performance tracking.

FP Markets is recognized for its outstanding integration with MetaTrader platforms, offering enhanced trading functionalities that cater to both new and experienced traders. It’s especially popular among those who value detailed analysis and flexible trading options, facilitated through the advanced capabilities of MT4 and MT5.

Pros

Cons

62.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

My usage of FP Markets with MetaTrader has significantly boosted my trading strategy. The platform’s powerful analytical tools have allowed me to conduct thorough market analyses and execute trades with precision, enhancing my trading outcomes.

FXTM logo
4/5

TIC Score 4/5

FXTM - Great for Advanced Charting Tools and Competitve Spreads

FXTM copy trading platform with educational resources and trading tools.

CMC Markets is renowned for its most advanced trading platform, charting tools and competitive spreads, especially in the options trading segment. It offers an extensive product range, including a variety of options instruments. The top options trading platform is also known for its quality educational content and strong customer support.

Pros

Cons

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Starting with FXTM was easy due to the low financial barrier to entry. The educational resources provided were instrumental in my development as a trader, offering valuable insights that helped refine my strategies.

tickmill logo
3.5/5

TIC Score 3.5/5

Tickmill - A Good Choice for Accessing CFD Instruments

Tickmill social trading platform showcasing features and user interface.

Tickmill has established itself as a go-to broker for trading CFDs, offering a robust platform that caters well to those interested in diversifying their trading strategies with various CFD instruments. Its competitive spreads and emphasis on transparency make it a reliable option for serious traders.

Pros

Cons

71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Trading CFDs on Tickmill has been straightforward and cost-effective. The low spreads and reliable execution have been key in allowing me to make timely and profitable trades, particularly in fast-moving markets.

IC markets logo
3.5/5

TIC Score 3.5/5

IC Markets – Targeted for Copy Trading Options

IC Markets copy trading platform interface with detailed trading strategies and tools.

IC Markets is particularly favoured among traders who prioritize copy trading, offering advanced tools and a wide array of options for those interested in mirroring the strategies of successful traders. Its strong emphasis on technological integration makes it a top choice for automated and copy trading.

Pros

Cons

71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

My experience with IC Markets has been overwhelmingly positive, especially in copy trading. The platform’s technological capabilities have allowed for seamless execution of trades and real-time tracking of market movements, enhancing my overall trading strategy.

What is Copy Trading? A Beginner-Friendly Overview

Copy trading is a simple yet powerful way to participate in financial markets by mirroring the trades of experienced investors. For beginners, it removes the steep learning curve often associated with trading. Instead of analysing charts, tracking market trends, or making complex decisions, you can simply select a seasoned trader whose strategies align with your goals and automatically replicate their trades.

I remember when I first stumbled upon copy trading—it felt like a lifeline. As someone overwhelmed by technical analysis and market jargon, the idea of leveraging the expertise of others seemed like the perfect entry point. It’s essentially a shortcut for beginners, offering exposure to trading without requiring in-depth knowledge. Beyond ease, it’s also a time-saver, making it ideal for those with busy schedules who want to invest without spending hours on research.

How Does Copy Trading Work?


The process of copy trading is straightforward, yet it relies on sophisticated technology to function seamlessly. Here’s how it typically works:

  1. Choose a Trader to Copy: Platforms provide performance stats, risk profiles, and trading history for you to evaluate.
  2. Allocate Funds: Decide how much capital you want to dedicate to copying a trader.
  3. Automatic Replication: Once set up, the platform mirrors the trader’s positions in your account, proportionate to your allocation.
  4. Monitor and Adjust: Regularly review the trader’s performance and adjust your strategy if needed.

For instance, I vividly recall my first experience with copy trading—after selecting a high-performing trader with a solid track record, I saw my account reflect their trades in real-time. It was fascinating and felt like having a mentor guide me through the markets. That said, monitoring performance is critical to ensure alignment with your goals.

How to Choose the Best Copy Trading Platform in the UK

Key Criteria for Selecting a Platform


When selecting a copy trading platform in the UK, several key factors can make or break your trading experience. First, regulation and security are paramount. Ensure the platform is regulated by a trusted authority, such as the UK’s Financial Conduct Authority (FCA), which provides legal protection and peace of mind.

Next, fees and costs should be transparent and manageable. Some platforms charge commission, while others earn through spreads or performance fees. For instance, I once started on a platform with unclear fees and saw my profits eroded. Since then, I always check for hidden costs like withdrawal fees or inactivity charges.

Equally important are the platform’s features and usability. A user-friendly interface that simplifies finding traders, assessing their stats, and managing your portfolio is crucial, especially for beginners. Platforms with detailed trader performance analytics and risk metrics help you make better decisions. Finally, consider the range of assets available. Platforms with diverse options like forex, stocks, and crypto enable greater flexibility and portfolio diversification.

My Recommended Copy Trading Platforms

PlatformRegulationFeesBest ForKey Features
eToroFCA, ASIC, CySECCommission-free for stocks, competitive spreads for forexBeginners & Intermediate TradersSocial trading network, CopyTrader™, user-friendly interface
PepperstoneFCA, ASICLow spreads, commission on CFDsExperienced TradersAdvanced tools like DupliTrade and Myfxbook integration, robust analytics
AvaTradeFCA, ASIC, FSCACompetitive spreads, no hidden feesAll LevelsIntegrations with ZuluTrade, educational resources, wide range of assets

eToro: A Social Trading Powerhouse


eToro stands out as a leading copy trading platform in the UK, combining a user-friendly design with powerful tools. Regulated by the FCA, eToro provides a safe environment for traders. Its social trading network allows users to interact, share insights, and discuss strategies, creating a community-driven trading experience.

One of its highlights is the CopyTrader™ feature, which lets you copy top-performing traders with just a few clicks. Detailed profiles and performance statistics make it easy to evaluate traders. I personally appreciated how eToro’s fee structure is transparent—no hidden surprises, with commission-free trades for stocks and competitive spreads for forex. For me, its accessibility and focus on education make it a great platform for beginners and intermediate traders alike.

Pepperstone: Advanced Tools for Active Traders


Pepperstone is another FCA-regulated platform that caters to more experienced traders looking for advanced tools and sophisticated strategies. What sets Pepperstone apart is its integration with third-party platforms like DupliTrade and Myfxbook, providing flexibility for those who prefer a tailored trading experience.

The platform’s robust analytics and customization options are a draw for active traders. For example, its low spreads and competitive pricing on CFDs make it cost-effective for frequent trades. In my experience, Pepperstone’s educational resources and customer service were also highly responsive, ensuring I always had the support I needed when navigating their platform. While its tools may seem daunting for beginners, its features make it an excellent choice for those wanting to take their copy trading to the next level.

The Legal Side of Copy Trading in the UK

Is Copy Trading Legal and Regulated?


Yes, copy trading is entirely legal and regulated in the UK. The Financial Conduct Authority (FCA) oversees platforms that offer copy trading services, ensuring they adhere to strict guidelines to protect traders. This regulation guarantees that platforms are transparent, honest, and operate within a secure framework.

As someone trading in the UK, I always verify that the platform I use is FCA-regulated. Platforms like eToro and Pepperstone prominently display their regulatory credentials, which provides confidence that my funds are safeguarded.

Compliance and Security Requirements


Compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is a cornerstone of secure trading platforms in the UK. When opening an account, platforms require identity verification, which might include submitting documents like a passport or utility bill.

These safeguards ensure that traders are legitimate and protect the platform from fraudulent activities. In my experience, although the verification process may feel tedious, it’s an essential step that reinforces the platform’s reliability. Furthermore, platforms implementing secure encryption methods add another layer of protection for user data and funds. These measures create a trading environment where you can focus on your strategies without worrying about security.

Weighing the Pros and Cons of Copy Trading

The Benefits of Copy Trading


Copy trading offers several advantages, especially for beginners or those with limited time to actively trade. One of the biggest benefits is time-saving. Instead of analyzing markets and developing strategies, you can rely on experienced traders to make those decisions. I’ve personally found this approach helpful when I was new to trading and short on time to dedicate to research.

Another key advantage is accessibility. Copy trading lowers the entry barrier for those intimidated by the complexities of financial markets. Platforms like eToro even provide performance stats and community discussions, making the learning curve less daunting.

Lastly, diversification is a standout benefit. By copying multiple traders with different strategies, you can spread your risk across various asset classes, which I’ve seen lead to more balanced results over time. For me, this diversification has been a critical factor in reducing the volatility of my portfolio.

Risks to Watch Out For (and How to Mitigate Them)


While copy trading has its perks, there are risks to consider. Over-reliance on traders is a common pitfall. A single trader’s poor decisions can significantly impact your portfolio. To counter this, I always diversify by copying multiple traders with proven track records.

Platform reliability is another risk. Technical issues or poor customer service can hinder your trading experience. I’ve learned to prioritize platforms with strong reviews and reliable support teams to minimize these disruptions.

Finally, market risk remains an inherent challenge. Even the best traders can experience losses during volatile market conditions. To mitigate this, I use platforms that allow me to adjust risk settings, such as setting stop-loss levels. Staying proactive and monitoring trades regularly has been crucial to my long-term success.

Conclusion: Is Copy Trading Right for You?

Copy trading can be a fantastic option if you’re new to trading or don’t have time to manage your portfolio actively. Platforms like eToro cater to beginners with user-friendly features, while options like Pepperstone are ideal for those seeking advanced tools.

In my experience, the best platform depends on your goals. Beginners may benefit from a social trading platform with a robust community, while experienced traders might prefer advanced analytics and tools. Remember to verify FCA regulation, diversify your copied traders, and regularly monitor performance to maximize success.

The future of copy trading is evolving rapidly. AI-powered algorithms are making trade recommendations more personalized, while enhanced social trading features foster deeper collaboration among traders. Additionally, the inclusion of more asset classes, such as niche cryptocurrencies, provides exciting opportunities for diversification. These advancements suggest that copy trading will only become more efficient and accessible in the coming years.

References

FAQs

Copy trading is a method where investors can automatically copy the trades of experienced traders. By linking your trading account to a professional trader’s account, any trade they execute is replicated in your account in real-time. This allows beginners to benefit from the expertise of seasoned traders without having to manage trades actively.

Copy trading can be profitable, especially when following skilled traders with a strong track record. However, it’s important to understand that all trading carries risks, and past performance is not indicative of future results. Diversifying your copied trades and continuously monitoring performance can help manage risks and improve profitability.

Yes, most copy trading platforms charge fees. These can include spreads, commissions, and performance fees. Some platforms may also charge subscription fees for access to premium traders. It’s essential to review the fee structure of each platform to understand the costs involved and how they might impact your returns.

Selecting the best trader to copy involves evaluating their performance history, risk management strategies, and trading style. Look for traders with consistent performance over time and a risk level that matches your own risk tolerance. Most platforms provide detailed statistics and performance metrics to help you make an informed decision.

Yes, copy trading is legal in the UK and regulated by the Financial Conduct Authority (FCA). This regulation ensures that platforms operate within strict guidelines to protect investors. Always ensure that the platform you choose is FCA-regulated to ensure compliance with legal and security standards.

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