Adam Rosen - Lead financial writer
There are many websites offering copy-trading services to USA traders. eToro is the worlds largest copy trading platform and offers more than 1 million users in over 140 countries including USA. eToro is not the only copy trading platform out there we describe the best USA copy trading platforms in more detail further below this guide. USA copy trading platforms offer financial instruments across major asset classes including currency pairs traded on a range of major global exchanges around the world as well as indices and commodities.
USA a platform where they can copy trade CFDs on currencies, commodities and indices via their social network which allows users to follow each other’s investment strategy and potentially profit from them.
USA copy trading platforms offer daily market news updates from top financial publications like The Wall Street Journal an Forbes magazine among others through an online portal called MarketWatch which give traders access to vital information needed for making sound investment decisions about investments such as forex or stocks.
🤴 eToro is Used By: 20,000,000
⚡ eToro is Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
💵 What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with eToro: 2000
📈 eToro Inactivity Fees: Yes
💰 eToro Withdrawal Fees: Yes
💰 eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
eToro Risk warning : 51% of retail investor accounts lose money when trading CFDs with this provider.
🤴 ForexMart is Used By: 10,000
⚡ ForexMart is Regulated by: Cyprus Securities and Exchange Commission (CySEC)
💵 What You Can Trade with ForexMart: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
💵 Instruments Available with ForexMart: 111
📈 ForexMart Inactivity Fees: No
💰 ForexMart Withdrawal Fees: 5
💰 ForexMart Payment Methods: Bank Transfer, Visa, MasterCard, Skrill, Neteller, PayCo, fasaPay, Qiwi, Union Pay, AliPay,
ForexMart Risk warning : Your capital is at risk
🤴 ATFX Global Markets is Used By: 10,000
⚡ ATFX Global Markets is Regulated by: Cyprus Securities and Exchange Commission (CySEC)
💵 What You Can Trade with ATFX Global Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with ATFX Global Markets: 57
📈 ATFX Global Markets Inactivity Fees: No
💰 ATFX Global Markets Withdrawal Fees: 0
💰 ATFX Global Markets Payment Methods: Credit cards, Bank Transfer, American Express, MasterCard,
ATFX Global Markets Risk warning : Your capital is at risk
🤴 SpeedTrader is Used By: 10,000
⚡ SpeedTrader is Regulated by: Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC)
💵 What You Can Trade with SpeedTrader: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with SpeedTrader: 207
📈 SpeedTrader Inactivity Fees:
💰 SpeedTrader Withdrawal Fees: varies
💰 SpeedTrader Payment Methods: Credit cards, Skrill, Neteller,
SpeedTrader Risk warning : Your capital is at risk
🤴 FX Next is Used By: 10,000
⚡ FX Next is Regulated by: Unregulated
💵 What You Can Trade with FX Next: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with FX Next: 118
📈 FX Next Inactivity Fees:
💰 FX Next Withdrawal Fees: varies
💰 FX Next Payment Methods: Bank Transfer, Credit cards, Bitcoin payments,
FX Next Risk warning : Your capital is at risk
🤴 SoFi Invest is Used By: 10,000
⚡ SoFi Invest is Regulated by: Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC)
💵 What You Can Trade with SoFi Invest: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with SoFi Invest: 204
📈 SoFi Invest Inactivity Fees: No
💰 SoFi Invest Withdrawal Fees: No
💰 SoFi Invest Payment Methods: Bank Transfer,
SoFi Invest Risk warning : Your capital is at risk
🤴 FX Private is Used By: 10,000
⚡ FX Private is Regulated by: Securities and Exchange Board of India (SEBI)
💵 What You Can Trade with FX Private: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with FX Private: 119
📈 FX Private Inactivity Fees:
💰 FX Private Withdrawal Fees: $100
💰 FX Private Payment Methods: Credit cards, Skrill, Neteller,
FX Private Risk warning : Your capital is at risk
🤴 Sharekhan is Used By: 1,500,000
⚡ Sharekhan is Regulated by: Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
💵 What You Can Trade with Sharekhan: Indian Exchange-Listed Stocks and ETFs, Options Contracts for Indian Exchange-Listed Stocks and ETFs
💵 Instruments Available with Sharekhan: 5000
📈 Sharekhan Inactivity Fees: No
💰 Sharekhan Withdrawal Fees: No
💰 Sharekhan Payment Methods: Credit cards, Bank Transfer, PayPal, Debit cards,
Sharekhan Risk warning : Your capital is at risk
🤴 Selftrade is Used By: 10,000
⚡ Selftrade is Regulated by: Financial Conduct Authority (FCA)
💵 What You Can Trade with Selftrade: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with Selftrade: 202
📈 Selftrade Inactivity Fees:
💰 Selftrade Withdrawal Fees: varies
💰 Selftrade Payment Methods: Credit cards, Skrill, Neteller,
Selftrade Risk warning : Your capital is at risk
🤴 Global Prime is Used By: 10,000
⚡ Global Prime is Regulated by: Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence (AFSL),
💵 What You Can Trade with Global Prime: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with Global Prime: 128
📈 Global Prime Inactivity Fees:
💰 Global Prime Withdrawal Fees: varies
💰 Global Prime Payment Methods: Credit cards, Debit cards, Skrill, Neteller, Bank Transfer, Union pay,
Global Prime Risk warning : Your capital is at risk
🤴 Scotia iTrade is Used By: 10,000
⚡ Scotia iTrade is Regulated by: Investment Industry Regulatory Organization of Canada (IIROC)
💵 What You Can Trade with Scotia iTrade: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with Scotia iTrade: 201
📈 Scotia iTrade Inactivity Fees:
💰 Scotia iTrade Withdrawal Fees: varies
💰 Scotia iTrade Payment Methods: Credit cards, PayPal, Skrill, Neteller,
Scotia iTrade Risk warning : Your capital is at risk
🤴 Grand Capital is Used By: 10,000
⚡ Grand Capital is Regulated by: Financial Commission (FinaCom)
💵 What You Can Trade with Grand Capital: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, ETFs, Bonds,
💵 Instruments Available with Grand Capital: 129
📈 Grand Capital Inactivity Fees:
💰 Grand Capital Withdrawal Fees: No
💰 Grand Capital Payment Methods: Credit cards, Skrill, Neteller,
Grand Capital Risk warning : Your capital is at risk
🤴 Shaw and Partners Limited is Used By: 10,000
⚡ Shaw and Partners Limited is Regulated by: Unregulated
💵 What You Can Trade with Shaw and Partners Limited: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with Shaw and Partners Limited: 203
📈 Shaw and Partners Limited Inactivity Fees:
💰 Shaw and Partners Limited Withdrawal Fees: varies
💰 Shaw and Partners Limited Payment Methods: Credit cards, PayPal,
Shaw and Partners Limited Risk warning : Your capital is at risk
🤴 SogoTrade is Used By: 10,000
⚡ SogoTrade is Regulated by: Financial Industry Regulatory Authority (FINRA)
💵 What You Can Trade with SogoTrade: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with SogoTrade: 205
📈 SogoTrade Inactivity Fees: Yes
💰 SogoTrade Withdrawal Fees: No
💰 SogoTrade Payment Methods: Credit cards, Skrill, Neteller, Bank Transfer,
SogoTrade Risk warning : Your capital is at risk
🤴 FreshForex is Used By: 10,000
⚡ FreshForex is Regulated by: Commission for the regulation of relations on the financial market (KROUFR), The Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN)
💵 What You Can Trade with FreshForex: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with FreshForex: 116
📈 FreshForex Inactivity Fees:
💰 FreshForex Withdrawal Fees: 5$
💰 FreshForex Payment Methods: Visa, Mastercard, Webmoney, Skrill, Neteller, Cryptocurrences, Internet Banking, Mobile Payments,
FreshForex Risk warning : Your capital is at risk
🤴 Forexite is Used By: 10,000
⚡ Forexite is Regulated by: Belize's International Financial Services Commission (IFSC)
💵 What You Can Trade with Forexite: Forex, Commodities, Indices, Stocks, Crypto, Futures, CFDs
💵 Instruments Available with Forexite: 110
📈 Forexite Inactivity Fees:
💰 Forexite Withdrawal Fees: varies
💰 Forexite Payment Methods: Bank Transfer, Credit cards, Skrill, Neteller,
Forexite Risk warning : Your capital is at risk
🤴 Forex.com is Used By: 150,000
⚡ Forex.com is Regulated by: Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)
💵 What You Can Trade with Forex.com: Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Agriculturals, ETFs, IPO,
💵 Instruments Available with Forex.com: 4500
📈 Forex.com Inactivity Fees: Yes
💰 Forex.com Withdrawal Fees: No
💰 Forex.com Payment Methods: Bank Transfer, Credit cards, Debit cards, Electronic wallets (eWallets), PayPal, Cheques or Checks, eChecks, Union Pay,
Forex.com Risk warning : 74% of retail investor accounts lose money when trading CFDs with this provider
🤴 Forest Park FX is Used By: 10,000
⚡ Forest Park FX is Regulated by: Financial Conduct Authority (FCA)
💵 What You Can Trade with Forest Park FX: Forex, Majors, Indices, Energies, Metals, Agriculturals,
💵 Instruments Available with Forest Park FX: 102
📈 Forest Park FX Inactivity Fees:
💰 Forest Park FX Withdrawal Fees: 0.025
💰 Forest Park FX Payment Methods: Paypal or Skrill, Credit cards, Debit cardss, Bank wire, Electronic wallets (eWallets),
Forest Park FX Risk warning : Your capital is at risk
🤴 State One Stockbroking Limited is Used By: 10,000
⚡ State One Stockbroking Limited is Regulated by: Unregulated
💵 What You Can Trade with State One Stockbroking Limited: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with State One Stockbroking Limited: 208
📈 State One Stockbroking Limited Inactivity Fees:
💰 State One Stockbroking Limited Withdrawal Fees: varies
💰 State One Stockbroking Limited Payment Methods: Credit cards, PayPal, Skrill,
State One Stockbroking Limited Risk warning : Your capital is at risk
🤴 STForex is Used By: 10,000
⚡ STForex is Regulated by: Financial Commission (FinaCom)
💵 What You Can Trade with STForex: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with STForex: 209
📈 STForex Inactivity Fees:
💰 STForex Withdrawal Fees: varies
💰 STForex Payment Methods: PayPal, Skrill, Neteller, Bank Transfer,
STForex Risk warning : Your capital is at risk
USA Copy trading is the practice of copying or mirroring an existing trader’s portfolio. The copied trader’s portfolio is usually selected from a list of top performing traders on the USA copy trading platform. In most cases, these are professional traders and financial analysts who are experts in their fields.
The idea behind copy trading for American is that if you copy successful traders.
USA copy trades involves a USA person setting a budget and copying the portfolio of trades of a another trader, who has access to more information than they do, usually because they have access to more resources and have more experience.
The USA trader receiving the copied trade does not have any influence over the actual trading decision made by the other trader, other than supplying them with information about their order. USA traders are simply ‘copying’ or mimicking trades from someone else who has already decided to enter into a position in that market. It requires two people: one placing an order and another taking advantage of that order.
When using a USA copy trading platform, there are several ways to use Copy Trading: through the “Mirror Trader” functionality, social copy trading and using pre-made portfolios by industry experts.
You can also copy trade by copying the investments of other investors from within your USA social trading network. When using this option, you are able to follow certain USA copy trading platform users who you know and trust, or with whom you share similar investment objectives.
This is useful if there are specific traders or accounts that you want to closely follow and monitor their performance. The main advantage of this feature is that it allows for a more personal element to trading for American copy traders – making it easier for you to develop trusting relationships with other traders on the platform.
Many USA copy trading platforms also provide pre-made portfolios created by industry experts in various sectors such as tech, energy and healthcare.
These portfolios have been designed by financial analysts who have years of experience in these fields and they provide an excellent starting point if for American traders considering investing in certain markets but aren’t sure where to begin.
USA copy traders can easily copy trades from these pre-set portfolios which include detailed explanations of why the trades were made and how they relate to each market sector.
The first way for USA traders to copy trade is through copy trading platforms like “Mirror Trader” which uses algorithmic technology to match your investments with those made by other top investors on the platform.
It does this by comparing American copy traders investment performance with those made by other investors in real time and then automatically investing amounts just like they have done.
For USA copy traders who require additional investment advice or analysis as part of your mirror trading experience, then it is possible for a human analyst to manually adjust your investment parameters for periods if required (for a fee).
You will also be able to double check the USA copy trading algorithms actions at any time and see detailed explanations regarding how each trade was calculated.
USA Mirror trader uses sophisticated technology developed in collaboration with academics from MIT and features complex algorithms that mimic the behaviour of experienced USA investors based on real market data provided by Thomson Reuters Eikon, one of the most powerful financial information providers in the world.
It makes trades 24 hours a day 7 days a week; always striving to produce profitable returns – even when markets close.
No. It is legal to copy trades of other traders in USA, but you should be aware that some brokers may restrict this practice for various reasons. Copying trading is not illegal. The only thing you should be aware of is that copying a trader's trades can never be 100% safe - there will always be unknown factors that may affect the outcome of any trade and as such, a copied trade may fail.
USA copy trading is legal. Copy trading is legal under EU law, but several countries have different regulations regarding copy-trading services so consult your local authority before signing up with one of these services. For example, France has made copy-trading unlawful while others such as Germany and Australia do not regulate this type of service.
USA social copy trading has several advantages over traditional copy trading sites – mainly that it allows users to avoid paying additional fees while still gaining access to valuable investment opportunities.
It also provides knowledge sharing opportunities for USA copy trading app traders, as well as support from seasoned investors on how they arrived at their decisions regarding which trades to make in the market.
Additionally, some USA social copy trade platforms allow users to find investors that match their own investing strategies and goals so they can share skills and knowledge more effectively by learning from each other's succesful trades and mistakes alike.
Instead of simply following instructions blindly provided by an impersonal algorithm that focuses solely on profit maximization with no regard for American trader needs or preferences whatsoever.
Unfortunately, there are many fraudulent platforms operating today in this space so it always pays off for American traders to conduct research into any potential website or platform before signing up for its services or sending them any money.
Especially when dealing with new USA sites or those whose reputations have yet not been established within the industry itself and throughout various communities where traders exchange information about various sites and platforms all day long every single day during business hours 24/7.
Copy trading is not a free service to USA traders. Copy trading companies have to pay for data search and the cost of operating their platforms. Therefore, it will be charged a small fee for using the service.
USA traders must also consider that the platform you choose may not offer all financial instruments or assets you are interested in trading. It is also important to note that although copy trading is designed to provide investment ideas, it does not guarantee those trades or profits.
Many USA social trading platforms offer copy trading services for a fee, which vary between copy trading brokers.
However, many USA traders do not have the money to pay for these extra features. Fortunately, there are other ways to utilize USA copy trading without having to pay for it directly.
One of the best options for USA copy trading app traders who cannot afford extra fees is social copy trading. This option involves joining a community of investors and copying their trades through the platform's internal software system without incurring any additional costs.
USA Copy trading can be profitable when used correctly but as with any investing strategy; there are no guarantees that your investments will be successful every time! In order best ensure a high level of profitability when using USA copy trading functionality it’s important to educate yourself on the subject matter relating to each asset class before copying any trader on the USA copy trading apps;
It’s also important for American traders not to blindly follow every trade made by a top investor but instead use their portfolio as an opportunity explore new assets and learn about how different assets respond under different market conditions.
USA copy traders should never invest money that you cannot afford to lose when using this feature! There are significant risks involved whenever trading risky assets such as cryptocurrencies – always remember that if things go wrong you may lose capital.
If USA isn’t quite what you are looking for you can check out some of the best USA alternatives below.
If you would like to see USA compared against some of the best USA Copy Trading App alternatives available right now you can do so by clicking on the links below.