Trading with forex can be a complicated affair, especially for those who are new to it. As such, new and novice traders may be inclined to copy trades of more experienced traders.
So, here is what I have found to be the best copy trading forex brokers available.
Also consider: Best copy trading platforms
Top UK copy trading forex brokers for September 2025
Below you will find my list of the best forex brokers to invest alongside the most successful traders through their copy trading software.
Top copy trading forex brokers UK at a glance
Like eToro, IG is also one of the UK’s best copy trading forex brokers. Here, investors and traders alike can invest in a whole bunch of financial assets, including forex markets.
What I like about IG for copy trading forex
The best part for forex traders who are uncertain on how to place the best trades is that they can take advantage of IG’s copy trading feature. This is where users can follow successful traders and automatically copy all of their trades. And with over 17,000 markets available, users can trade forex, stocks, and more all in one place.
Apart from copy trading, IG’s forex functions are also especially useful. This is because they offer a range of technical analysis tools to help users keep an eye on market trends to make informed trading decisions and develop good trading strategies. They also provide access to real-time market data and news, so users can stay up to date while making informative forex trades.
More importantly, IG’s trading platform is super user friendly, so even if users are new to trading, they can easily browse and find the right trader to follow and learn from.
Another superb feature of IG’s forex functions is their range of currency pairs. They offer over 80 currency pairs to trade with, so users can find the ones that work best for them. And with their low spreads, users can make trades with minimal costs. They also have a mobile app, making it easier for active traders to trade on the move.
Pros
- Education tools to help novice traders and investors.
- Tight spreads for trading.
- Market insights and analysis available.
Cons
- High inactivity fees.
- Lack of social aspect.
- Slow and unresponsive customer support.
Forex Fees
- EUR/USD – Standard Spread 0.60 pips.
- Trading Cost – Standard Spread USD 6.
- EUR/USD – Raw Spread 0.85 pips.
- GBP/USD – Raw Spread 1.40 pips.
- USD/JPY – Raw Spread 0.94 pips.
- Trading Commission Fees included in spread.
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.
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.
{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees
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. 75.3% 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 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?
There are an array of copy trading forex platforms. The top five that stand out to me are the ones above. These include eToro, IG, Pepperstone, AvaTrade, and FXTM.
However, there are also a number of other brokers that offer copy trading capabilities with forex features, too. These include:
- Axi
- Darwinex
- Tickmill
- BlackBull Markets
- XM
- ZuluTrade
- RoboForex
- Admiral Markets
- Hantec Markets
- CMC Markets
It is up to individuals to identify which is the best copy trading platform for their own unique requirements.
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.
