Best 6 Copy Trading Platforms in Germany: Top Picks for 2024

Over the past few years, German investors have embraced copy trading. And now hundreds of brokers are competing with each other to offer the best copy trading service. Most of these brokers have automated copy trading to simplify the process of replicating the trades of seasoned traders.

In this guide, we will take a look at some of the top brokers providing reliable copy trading platforms in Germany. Keep reading to learn more.

Top Copy Trading Platforms in Germany

eToro

Known for providing access to multiple financial markets, eToro is a top broker that allows German investors to replicate trades in the crypto, Forex, stock, and commodity markets. eToro’s copy trading platform comes with a functionality known as CopyPortfolios that groups top-performing assets from various markets, making it easy for investors to copy a diversified investment portfolio. Before copying trades, you can read the numerous educational resources available to help you understand how eToro’s copy trading works.

RoboForex

RoboForex has a dedicated copy trading app called CopyFX. You do not need prior trading experience to start replicating trades on this platform, considering that RoboForex gives you access to several educational materials to help you get started. Unfortunately, the broker allows German investors to copy trades on the Forex market only.

Tickmill

As a Tickmill user, you will need to connect your account with social trading platform MyFxBook to copy trades of professional traders. Read carefully the instructions for linking your MyFxBook and Tickmill accounts on the former’s platform. It is worth mentioning that Tickmill requires users who wish to use its copy trading service to fund their account with at least $1,000. Your funds are protected by respected regulators like FSCA, CySec, and FCA.

IC Markets

Similar to Tickmill, IC Markets does not offer a self-developed copy trading platform. Its users must link their trading accounts to the ZuluTrade social trading platform to copy trades. These users get access to nearly 95,000 professional traders on ZuluTrade. What makes ZuluTrade stand out from other social trading apps is its ZuluGuard functionality, which prevents users from losing all their funds when their lead traders open losing trades.

AvaTrade

This broker offers a copy trading mobile app called AvaSocial. To access it, you must register and verify an AvaTrade trading account. Having secured licenses from ASIC and the Central Bank of Ireland, AvaTrade is considered a trusted broker by many German investors.

Once you access the AvaSocial app, you can start copying trades from traders on MQL5, ZukuTrade, and DupliTrade.

Pepperstone

Like Tickmill, Pepperstone’s minimum copy trading amount is $1,000. That means the broker’s copy trading service is ideal for those who are willing to risk a lot of money. Pepperstone lets you access social trading platforms like MQL5, DupliTrade, and MyFxBook. This provides you with more than 100,000 lead traders to choose from.

Is Copy Trading in Germany Legal?

German authorities recognize copy trading as a form of investment. So yes! Copy trading is legal in Germany. Note that the German government has imposed a 25% capital gains tax on profits generated from copy trading.

Is Copy Trading Risky?

Like any other trading technique, copy trading carries its own risks. You will suffer losses when the trader you choose to copy closes losing trades. Therefore, it is essential to employ proper risk measures.

How to Select the Right Copy Trading Platform in Germany

Regulation: Ensure that the broker providing a copy trading platform is regulated by well-known regulators for the safety of your funds.

Trading conditions: Take your time to go through the broker’s asset offerings and commissions. If you would like to diversify your investment, choose a broker that provides access to a wide range of markets.

The scale of the broker’s copy trading network: Select a broker with numerous lead traders to increase your options.

Transparency: Ensure the broker you want to work with displays critical information about strategy providers so you can make informed decisions.