Here are the Top 4 Copy Trading Platforms in Malaysia

Copy trading has grown in popularity among traders in Malaysia. All regulated brokers in this country are allowed to let their users replicate the trades of others. In this article, we will explore some of the leading copy trading platforms in Malaysia.

Top Copy Trading Platforms in Malaysia

RoboForex

You don’t need to engage in active trading as a RoboForex user. Instead, you can earn passively through the platform’s copy trading service. With a minimum deposit of $10, RoboForex lets your copy trades in various markets such as commodities, Forex, stocks, cryptocurrencies, and indices.

Regulation and Safety

RoboForex is regulated by IFSC in Belize. Being a regulatory-compliant brokerage firm, RoboForex assures Malaysian traders the safety of their funds.

RoboForex Copy Trading Features

RoboForex copy trading platform comes with a “Trader Rating” section where top traders are listed. This makes it easy for you to identify your ideal lead trader. Moreover, the copy trading platform has a search filter feature that allows you to narrow your search for traders based on parameters such as risk level, profitability, and the lifespan of the trader’s account.

IC Markets

This brokerage firm appears in our list of top copy trading platforms in Malaysia due to its fast execution of orders and relatively low commission rates. To start replicating trading strategies through IC Markets, you will need a live account holding a minimum of $200.

Regulation and Safety

IC Markets can be considered a safe copy trading platform because it is regulated by a top-tier Australian regulator, AFSL (Australian Financial Services License). Moreover, the broker holds a license from Cyrus Securities and Exchange Commission.

IC Markets Copy Trading Features

It is worth mentioning that IC Markets doesn’t have a proprietary trading platform. Therefore, it relies on two copy trading providers, MyFxBook Autotrade and ZuluTrade, to offer its copy trading service. If you are a new copy trader in Malaysia, we advise using ZuluTrade rather than MyFxBook Autotrade since it is beginner-friendly.

eToro

eToro is among the brokers that started supporting copy trading more than a decade ago. It is undoubtedly the world’s biggest social trading platform. For as low as $10, you can begin replicating trades in the Forex, commodity, crypto, and stock markets.

Regulation and Safety

You can copy trades on eToro without worrying about the safety of your funds. That’s because the broker is regulated by top regulators, including the United Kingdom Financial Conduct Authority, the Australian Securities and Investments Commission, and the Cyprus Securities and Exchange Commission.

eToro Copy Trading Features

Depending on your preference, you can replicate professional traders’ trading strategies through the eToro Web or mobile app. Immediately you access eToro’s copy trading platform, you will see a list of top traders sorted based on their recent performance. To help you choose your ideal trader, eToro gives you access to key information like the trader’s ROI, risk level, and win rate.

Tickmill

Tickmill is the newest broker offering Malaysian traders copy trading services. As of December 2023, there are over 200 signal providers on the platform. Each trader is carefully examined before being listed by the broker. Through Tickmill’s copy trading service, you can invest in indices, Forex, and metals. But the downside is that you must make a deposit of $1,000 to start copy trading. This amount can be beyond the reach of many newbies.

Regulation and Safety

To guarantee users’ safety, Tickmill has obtained licenses from the UK’s Financial Conduct Authority, the Cyprus Securities and Exchange Commission, and the South African Financial Sector Conduct Authority.

Tickmill Copy Trading Features

Since Tickmill doesn’t have its own trading platform, it offers its copy trading service through MyFxBook Autotrade. On this copy trading platform, you can see the traders’ drawdown, average loss or profit, return on investment, and win rate. Use this data to make informed copy trading decisions.

Conclusion

As a Malaysia-based trader, you need a regulated broker to start your copy trading journey. If you pick any of the four brokers discussed above, you will not have to worry about the safety of your funds when copying the positions of proficient traders.