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PipsGrowth
Comprehensive Guide

Copy Trading

Automatically copy professional traders' trades - an honest guide to getting started right

What is Copy Trading?

Copy trading lets you automatically replicate other traders' trades. When they open a trade, the same trade opens in your account proportionally.

1

Choose Platform

Open account with broker supporting copy trading

2

Find Trader

Analyze historical performance and risk

3

Set Amount

Allocate the amount you want to copy

4

Monitor

Monitor performance and adjust as needed

Copy Trading Platforms

PlatformTypeMin CopyTradersRating
Exness Social TradingBuilt-in$20015K+
5
eToro CopyTraderBuilt-in$20030M+
5
ZuluTradeStandalone$100100K+
5
Myfxbook AutoTradeStandalone$10050K+
5
cTrader CopyBuilt-in$10010K+
5
MetaTrader SignalsBuilt-in$508K+
5

* Platforms listed may be affiliate partners. This site is not owned or operated by the platforms mentioned. Trading CFDs carries risk.

How to Choose a Trader to Copy?

Long Track Record

Look for 12+ months of consistent performance

Maximum Drawdown

Avoid those exceeding 30% drawdown

Risk Management

Do they use stop losses?

Number of Copiers

Popularity may indicate trust

Advantages

  • Trade without prior experience
  • Save time on analysis
  • Diversify across multiple traders
  • Learn from professionals

Common Mistakes

Copying only one trader
Ignoring maximum drawdown
Copying based on short-term results
Not setting a loss limit
Expecting unrealistic returns

💡 Tips for Success

Diversify across 3-5 different traders
Start with a small test amount
Monitor performance weekly
Set a maximum loss limit (e.g., 20%)
Don't expect fixed monthly profits
Understand trader's strategy before copying

Start by Learning First

Copy trading isn't a substitute for learning. Understand the basics to make better decisions.

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Copy Trading - Complete Guide | PipsGrowth