Copy trading is increasingly becoming popular among Indians as it is a trading strategy that allows beginner traders to follow what experienced traders are doing in the market, thus helping them to open profitable trades.
So, what are the best copy trading platforms you can use in India to follow the trades of seasoned traders? Keep reading this article to discover them. We will take a look at the various features that make them perfect for Indians who wish to participate in copy trading.
RoboForex ranks among the top copy trading platforms in India. It supports the trading of more than 10,000 financial instruments, including crypto assets. You only need a minimum deposit of $10 to start copy trades on this platform.
RoboForex Safety and Regulation
Regarding regulation, RoboForex is licensed by Belize’s International Financial Service Commission. Therefore, you are assured this copy trading platform won’t run away with your money.
RoboForex Copy Trading Features
RoboForex comes with a “Traders Rating” feature that allows users to discover the best copy traders to follow their trading strategy. Moreover, if you wish to copy trades for a specific asset, you can use the platform’s “Filter” feature to choose your desired instrument.
AvaTrade is a popular name in the copy trading and social trading sphere. The platform is regulated by several top-tier authorities like the Central Bank of Ireland (CBI), the British Virgin Islands Financial Commission, Japan FSA, and the South African Financial Sector Conduct Authority.
So, how much capital is required to start copying trades on AvaTrade? The answer to this question is $100 or more.
Besides indices, you can copy trades opened in the bond, stock, forex, and crypto markets.
AvaTrade Copy Trading Features
AvaTrade displays key details of copy traders to let users assess their performance. Note that you can follow trades of more than one experienced trader. This allows you to spread your risk.
IC Markets has grown in popularity due to its low trading fees. To ensure users have access to a wide pool of copy traders, IC Markets partners with a number of other copy trading platforms like ZuluTrade and Autotrade.
The copy trading platform possesses licenses from regulators in Australia and the European Union. In the EU, IC Markets is licensed by the Cyprus Securities and Exchange Commission, while in Australia, the platform has a permit from the country’s Financial Service License.
IC Markets Copy Trading Features
IC Markets regularly updates its list of the top copy traders to allow users to pick the most profitable ones.
InstaForex has continued to be a popular choice among novice traders as it lets users begin copying trades with as little as $10. The Brokerage company was founded in 2010 and was among the first trading platforms that started supporting copy trading.
InstaForex is regulated by authorities in Saint Vincent and the Virgin Islands.
InstaForex Copy Trading Features
Like many copy trading platforms, InstaForex displays vital information about copy traders, including their win rate, average trades per day, and profits realized within a specific period, like a day, a week, or a month.
Is Copy Trading Legal in India?
Yes! Brokerage firms are allowed to offer copy trading in India as long as they are regulated by relevant authorities.