The financial market is continuously evolving. The social trading platforms in the UK are becoming highly popular. They are in great demand not only by expert traders but also new ones. You can choose from many social trading platforms but getting hold of the best ones can be challenging. Read along to get more info and find out the 5 best social trading platforms in the U.K.
1. eToro:
- It is currently the largest and most renowned social trading platform worldwide.
- It is known to be the first broker who introduced the social trading concept.
- It introduced great social trading features and thus it gave shape, visibility, and awareness to the fast-growing trading method.
Features:
- Different trading assets such as various cryptocurrencies, commodities, indices, ETFs, and forex pairs.
- Well-regulated platform
- Investor program
- Copy-trading
- Social newsfeed
Benefits:
- It let users copy expert traders’ trades automatically
- It has a hugely intuitive interface
- Successful traders are rewarded depending on the copies they receive
- A customized new feed
- To stay in contact with the market, the social news feed is available
- Proprietary platforms of high class
2. AvaTrade:
- It is significant forex along with CFD broker.
- It has a lot of users offering social trading services through one inbuilt feature known as AvaSocial.
- Users are able to follow closely and thus copy all successful traders, earn access to many signal providers and be a trading community’s part.
Features:
- AvaSocial
- Demo account
- Trading of options
- Beginners’ educational content
- Automated trading
- Many financial markets such as cryptocurrencies
Benefits:
- Many well-known financial regulators such as the ASIC, JFSA, etc. regulate AvaTrade
- Through AvaSocial copy trading is present
- It is a hugely innovative market tool
- This platform makes way for many deposit methods such as Skrill and PayPal for different users from various supported regions.
3. Zulu Trade:
- An online social trading platform used for copy trading.
- It allows users to access Forex trading experts’ investment strategies along with performance ratings.
- This platform offers a few of its infrastructures to a few other trading platforms through partnerships.
Features:
- Affiliate program
- Integration with some of the best industry brokers
- Chat forums
- Economic calendar
- Instead of handpicking traders “combo+” automated investing
Benefits:
- It supports diverse market copy-trading
- It provides transparent signal provider statistic
- Through LiveChat response customer assistance
- Users will be able to enable all options of paying traders if they are in a profitable position
- Zulu has a certified portfolio management team. They manage the fund in which users can easily invest
4. Darwinex:
- This platform provides social trading through a list of some strategy traders known as DARWINs
- They are backed with funds for giving other investors all confidence for doing the same
- Users will be able to explore not only copy trading but also options of mirror trading via this platform.
Features:
- Over 2000 strategies
- Demo and investor account
- Professional accounts
- Analytical tools along with advanced views for investors
- Customized news feed with options of personalized social trading
Benefits:
- It lets users access various signal providers
- This platform provides deposit protection of £1M for investors
- All users will be able to fund the accounts by making use of different methods of payment such as Debit cards, wire transfers, Skrill, etc., bank accounts in the UK
- It is clear about fees or spreads linked with using the platform
5. FP Markets:
- It is one of the prominent CFD and Forex brokers.
- It provides a copy trading known as FP markets that allow investors to find and finally follow all successful traders.
Features:
- More than 10000 assets
- Personal managers for account
- Trading of micro-lot
- High leverage till 1:500
- Demo account
- DMA trading and ECN pricing
Benefits:
- Access to many financial markets and assets
- The platform supports many deposits along with methods of withdrawal such as cryptocurrencies
- It has a rating page to assess traders on the basis of the performance of their portfolio
- No limitation regarding the total trader that you are able to copy once
- Great customer assistance system through email, LiveChat, and phone
- Across assisted devices, it offers an in-built user experience
Conclusion
Social trading is now a highly famous aspect related to the financial industry. Traders with different levels of experience find it to be an extremely useful system. The trading world is getting revolutionized for it because it gives fast access to trustworthy trading data from leading expert traders and lets users earn without initially learning ways of trading. Social trading is an exciting experience for both experienced traders and newbies.
