Copy trading lets newer forex traders mirror the positions of more experienced ones. Most brokers on this list, including IG and Spreadex at slots one and three, do not build it in, so independent software connected to your broker account does the copying.
Here are the forex brokers I have found work best that way.
Top UK copy trading forex brokers for November 2026
Below is my list of the best forex brokers to hold an account with while you use independent copy-trading software.
Top copy trading forex brokers UK at a glance
IG has been in business since 1974, is listed on the London Stock Exchange and is FCA-authorised. It offers no copy trading of its own, so it earns the top spot here as the broker to hold your forex account with while independent copy-trading software does the copying.
What I like about IG for copy trading forex
IG’s platform list is the widest on this page: its own web platform and app, MetaTrader 4, MetaTrader 5, TradingView, ProRealTime and L2 Dealer. An IG MT4 or MT5 account is the connection point for a signal service or third-party copy platform, and IG executes whatever the software sends.
There are more than 90 currency pairs among over **16,000** markets, and weekend forex runs on GBP/USD, EUR/USD and USD/JPY.
Pricing on the standard account starts from 0.6 points on EUR/USD, with an average of about 0.9 in ForexBrokers.com’s 2025 testing. Forex Direct averaged 0.55 with commission from about $6 per round-turn lot.
The demo is free and unlimited, and IG Academy adds free courses, webinars and a learning app.
Pros
- MT4, MT5 and TradingView all supported.
- More than 90 currency pairs and weekend forex on three majors.
- Guaranteed stops and negative balance protection.
Cons
- No copy trading of its own.
- Minimum first deposit of £250 by card.
- Forex Direct adds commission on top of the spread.
Forex Fees
- EUR/USD standard account: from 0.6 points, average about 0.9.
- Forex Direct: average 0.55 plus commission from about $6 per round-turn lot.
- Minimum first deposit £250 by card.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Copy trading isn’t available on Capital.com’s own platform, but you can copy trade through third-party tools via TradingView and MetaTrader 4, and MT4 users can also run Expert Advisors and copy trading signals to mirror the strategies of experienced traders.
Beyond copy trading, Capital.com provides access to over 120 currency pairs, commission-free trading, and outstanding educational content via its Investmate app. For traders who want to learn the ropes before copying others, the combination of educational resources and a free demo account makes this a useful option.
However, if copy trading on a proprietary social platform is your top priority, brokers like eToro or Pepperstone may be a better fit.
Pros
- Copy trading via third parties on TradingView and MT4
- Over 120 currency pairs
- Outstanding educational content
- Commission-free trading
Cons
- No copy trading on Capital.com’s own platform
- No built-in social trading community
- Overnight fees on leveraged positions
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spreadex has offered spread betting from St Albans since 1999 and is FCA-authorised (FRN 190941). It has no copy-trading feature and no MetaTrader, so this is a broker for traders whose copying runs on independent software while Spreadex executes the trades.
What I like about Spreadex for copy trading forex
The absence of MT4 and MT5 rules out MT4 signal services. What Spreadex offers instead is a TradingView integration alongside its own web platform and iOS and Android apps.
Forex coverage is deep, with hundreds of FX pairs available as spot and futures, inside a market list of more than **10,000** that also takes in UK and US shares, indices, commodities, bonds and options.
Pricing is commission-free. EUR/USD starts from 0.6 pips in peak hours, indices from 0.6 points and the FTSE 100 from 1 point. There is no minimum deposit, and card deposits start from £5.
Client money sits at Barclays, FSCS protection covers up to £85,000 and negative balance protection applies. Support is UK-based from 7:30am to 10pm on weekdays. Education is limited compared with rivals.
Pros
- No minimum deposit, with card deposits from £5.
- Hundreds of FX pairs as spot and futures
- UK-based support on weekdays from 7:30am to 10pm.
Cons
- No copy trading built in and no MetaTrader 4 or 5.
- No standalone demo; practice is via TradingView paper trading.
- Limited education compared with rivals.
Forex Fees
- Commission: none.
- EUR/USD: from 0.6 pips in peak hours.
- Minimum deposit: none (card deposits from £5).
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone is another great trading platform that lets users invest in a whole bunch of financial assets, especially in forex. The Pepperstone trading platform and copy trading app are known to be user friendly, so even novice traders and investors can quickly get the hang of the functionalities quickly.
What I like about Pepperstone for copy trading forex
What makes Pepperstone stand out from the array of other forex brokers is its copy trading feature, allowing users to follow successful traders of their choice and automatically copy all their trades. With over 150,000 traders to choose from, users can learn from the best and start trading like a pro.
Pepperstone’s forex functions are especially useful because they offer a bunch of advanced charting tools. This includes technical analysis indicators like moving averages, Bollinger bands, and more. With these tools, users can easily analyse market trends and make informed trading decisions.
Another stand-out feature of Pepperstone’s forex functions is their range of currency pairs. They offer over 70 currency pairs to trade with, so users can find the ones that work best for them. And with their tight spreads, users can make trades with minimal costs.
Pros
- User-friendly copy trading platform.
- Large array of complex tools for traders to utilise.
- Excellent customer service.
Cons
- Lack of market analysis and insights.
- Lack of education content for novice investors to learn from.
- Customer support not available on weekends.
Forex Fees
- Minimum Initial deposit to start trading $200.
- Average spread EUR/USD – active 0.17.
- Average spread EUR/USD – standard 0.77.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.9% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Those interested in trading would’ve heard of one of the world’s most popular copy trading platforms, eToro. The copy trading broker has a sleek and user-friendly social trading platform where users can invest in a variety of financial instruments. These include stocks, crypto, and forex.
What I like about eToro for copy trading forex
eToro is known to be one of the best copy trading platforms. In fact, one of its best features is its copy trading functionality. Here, traders can copy and follow the trades of other users automatically. And with over 3 million users on eToro, traders can benefit from the expertise of others without having to do the work themselves. Plus, the trading platform is rather easy to use, so users can browse and find the right trader for themselves.
Moreover, eToro’s forex functions have advanced charting tools. For example, trend lines, moving averages, and trading signals. As such, users can keep an eye on market trends and make informed trading decisions. They even offer over 45 currency pairs to trade with on their website and mobile app including the major forex pairs. And as if that’s not enough, eToro also gives users access to real-time market data and news so that they can stay up to date while making trades informatively.
Pros
- Large user base.
- Great social interface with copy trading features.
- A large array of financial instruments available to trade with.
Cons
- Financial instruments must be traded via USD, forcing users to pay FX fees.
- Inactivity fees.
- Withdrawal fees.
Forex Fees
- EUR/USD – Standard Spread 1.00 pips.
- Trading Cost – Standard Spread USD 10.
- EUR/USD – Raw Spread 1.00 pips.
- GBP/USD – Raw Spread 2.00 pips.
- USD/JPY – Raw Spread 1.00 pips.
- Trading Commission Fees included in spread.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 52% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
Copy trading history
Copy trading may have only come to prominence over the past few years, but it’s actually been around for a lot longer than many people think it has. Before the internet became what is today, traders gathered in person and shared trading strategies with each other.
This was the case until the internet started to gather momentum. And when it did, traders started connecting with each other from across the globe, and people started to share strategies and trades with ease. Thus, social trading was born, and it was a game changer.
The first copy trading platform was launched in 2008, and it was called eToro. They are the pioneers of copy trading among couch and retail investors. It allowed traders to copy the trades of other successful traders, and it quickly became popular. Soon, other copy trading platforms started to pop up, each with their own unique features and offerings.
Today, copy trading is bigger than ever. Millions of traders around the world are using it to make profits and learn from each other. And it’s not just limited to forex trading anymore. Today, traders can copy trades in stocks, cryptocurrencies, and more.
Which platforms allow copy trading?
Of the six brokers on this page, only [eToro](https://investingreviews.co.uk/reviews/etoro-uk/) builds copy trading into its own platform, through CopyTrader. The other five work with independent copy-trading software, and each does it differently:
– IG: no copy trading of its own; you connect a signal service or third-party copy platform to an IG MetaTrader 4 or MetaTrader 5 account.
– Capital.com: no copy trading on its own platform; you can copy trade through third parties via TradingView and MetaTrader 4.
– Spreadex: no copy trading and no MetaTrader; independent software has to sit alongside its own web platform or its TradingView integration.
– Pepperstone: copy trading through third-party platforms (Signal Start, DupliTrade and MetaTrader Signals), and rated best in class for copy trading by ForexBrokers.com for the ninth year in 2026.
The right choice depends on the copy-trading software you plan to run and which platform it connects to
How do you copy the best traders?
Copying the best traders is actually a pretty easy affair. One effective way to do so is to sign up for a copy trading platform with a reputable broker. From there, users can find traders they wish to copy.
However, there are also other ways to copy the best traders outside copy trading. Prospective traders can search for other traders who’ve got a good track record of success. Run through their social media, websites, and trade records to see what’s garnered them the success they’ve had. But most importantly, look for traders who’ve consistently made profits over a long period of time.
Another thing to consider is the trader’s overall approach. It’s crucial to determine whether the trade in hand is a long-term investor or a short-term trader. This is because time horizons can make or break a good and bad trader.
It’s also worth considering whether a trader is aggressive or conservative. Therefore, prospective traders might want to find other traders who have a style that matches theirs.
It’s also important to stay up to date on the latest news and trends in the market. Follow financial news outlets, read articles and blogs, and stay informed on what’s happening in the world of finance. This will help traders make better decisions when it comes to copying the best traders.
How does copy trading work?
Basically, copy trading is a way to automatically copy the trades of other traders. Traders can start a trading account on a copy trading platform. From there, they can choose which traders they’d like to follow. Then, whenever a trader they follow makes a trade, the user automatically makes the same trade in their own account.
Although some might wonder why they’d want to copy another person’s trade ideas, there are benefits worth noting. Primarily, it allows other traders to learn from one another while making money while they’re at it.
More lucratively, this means that prospective traders don’t have to be an expert in finance or spend hours analysing the market. All that needs to be done is to find traders who are consistently making a profit, and copy their trades.
Nonetheless, copy trading isn’t a guaranteed way to make money. Users will still need to do their own research and manage their risk to ensure that they’re putting their money in relatively safe hands.
Is copy trading a good idea?
On the one hand, copy trading can be a great way to learn from successful traders and make money in the process. Users don’t have to be an expert in finance or spend hours conducting their own analysis.
All that needs to be done is for users to identify the best traders who are generating the highest returns, and merely copy their trades. This is a simple and straightforward way for users to start dipping their toes into the world of trading using one of a number of available automated trading strategies.
On the other hand, copy trading can also be a risky endeavour. That’s because users are putting their money in someone else’s hands. As such, there’s always a chance that a bad trade can be placed, which could result in massive losses.
Ultimately, it depends on each trader’s personal goals and what their risk tolerance is. If a novice trader is looking to get started in trading and they’re willing to take some risks, copy trading can be a good way to learn and develop their own trading strategies whilst making money. But, if they’re not comfortable putting their money in someone else’s hands or if they’re looking for something that guarantees more secure returns, copy trading might not be the best option.
Does copy trading really work?
The answer is not exactly a straightforward one. While copy trading can be a great way to learn from experienced traders and make some money in the process, it’s also a double-edged sword.
Copying the trades of successful or professional traders presents lots of benefits. That’s because novice traders can take advantage and learn from their expertise and potential to make trading profits without having to do all the research themselves.
However, copy trading is not a guaranteed way to make money, and it’s a high-risk, high-reward strategy. Copying a trader can end badly, especially when copying the trades of those who aren’t actually as successful as they seem.
For those reasons, it’s extremely crucial for novices to conduct their own due diligence and choose traders to follow carefully. Most importantly, traders should also be aware of the fact that the market can be unpredictable, and even the most successful traders can face losses.
At the end of the day, whether or not copy trading works really depends on your every trader’s goals and approach. If traders carefully choose the traders they follow and manage their risk accordingly, copy trading can be a successful and useful tool. But those who throw caution to the wind could end up losing most, if not all their money.
Best Copy Trading Forex Brokers FAQs
Is copy trading good for beginners?
Yes, copy trading can be a good option for beginner traders who are just starting out with trading. It allows them to learn from professional traders and potentially earn profits without having a lot of experience or knowledge themselves. That said, novice traders shouldn’t just jump into copy trading blindly either.
Is copy trading legal?
Copy trading is completely legal in most countries, including the United Kingdom. Nonetheless, there are several restrictions that need to be noted when it comes to copy trading. In the UK, trading platforms that have copy trading features have to first be regulated by the Financial Conduct Authority (FCA) and ensure that their practices are in line with the guidelines.
