Compare Social Trading Brokers – 2018
How to Choose Social Trading Brokers in the UK
An interesting way to trade is to follow the most profitable traders so that you can profit when they do. We have provided a comparison table to compare FCA regulated social trading brokers in the UK so that you can pick the one that best fits you.
Your capital is at risk.
Compare Top Social Trading Brokers & Trading Platform UK
What is social trading?
Social trading is a process that allow traders to copy the trades of another trader. It is basically a mirrored execution that has been used in the last 10 years. In the last period though this practise has become more popular thanks to social trading networks like ayondo and etoro.
Can you really make money with social trading?
Surely it is possible. It is another strategy and if you do follow the profitable traders and they make money so you will. As everything it has risks as if you follow a losing trader than you will also be in the wrong end of the stick. If you set your risk perimeters accordingly tough you will be able to make less or more profit or less or more losses than the trader you follow. This leaves you the ability to manage your risk in the way that suits your style.
How to get started in social trading?
First of all you will need to have an account with a social trading broker or a social trading network. Basically they are the same thing as the network will also add as a broker for the traders to execute trades. So simply compare the different features of the social trading brokers in our comparison table and open an account with the one that fits best your style. After that you will simply need to pick a trader and start following with the parameters that you will set.
What are the best social trading sites?
The best social trading sites are the ones that have the best traders that allow others to follow them. If a social trading sites do not have good traders that can consistently deliver a profit than obviously they are not good and should be avoided.
How to find the best social trading sites?
The best way is to looks at our social trading sites comparison table and also look at the reviews we have prepared for you. In the reviews we have analysed the key features like profitability, diversification, company history, products offered and many more variables to help you make the right choice.
How do social trading gurus make their money?
The social trading gurus or top traders get paid in two ways. First of all if they are good they will back the profit they make from trading and secondly they also get a flat fee per follower or a percentage of the profit that the trader has generated for the followers.