Here you have a selection of the best copy trading and social trading sites 2020 in order to be able to follow the best traders on Etoro , Kryll , etc ...
Social trading is increasingly popular with traders and the general public who want to invest in trading stocks or cryptocurrencies like Bitcoin. A novice trader can benefit from the skills of a professional trader by copying his trading strategies. It can also allow him to learn by observing how these strategies work through copy trading. A professional trader can also copy another professional trader if the latter simply does not have the time to create trading strategies and it is therefore easier and more practical to use that of a professional trader who already has does all the work. The general public who have no trading knowledge can now also have access to trading by benefiting from the skills of professional traders, by simply copying what they are doing. Everything is automatic, the trading robots take care of everything and place buy and sell orders 24/7. Trading in stocks or cryptocurrencies remains a risky activity, however, be responsible for the money you want to invest in it.
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There are a few platforms that offer social trading and copy trading, whether for regular stocks or cryptocurrencies. We have selected the 3 best social trading platforms that allow copy trading, in real time or by copying trading strategies made available by pro traders. 1. ETORO With a presence in many countries, Etoro is available in many foreign languages including French, Etoro has made a specialty of copy trading . Etoro allows you to trade classic stocks like Tesla, Apple but also Bitcoin and cryptocurrency trading like Ethereum, Ripple, ... The platform allows you to credit your account with many payment solutions and even to buy Bitcoin with Paypal ! Copy trading allows you to copy the best Etoro traders , in real time, the buy and sell orders of the trader that you copy will therefore be placed simultaneously on your personal account. The fees charged by Etoro will be the trading fees provided by the platform, whether you trade yourself or copy trading by copying the trading strategies of a pro trader on Etoro. A platform very suitable for beginner traders, professional customer support in French. The Etoro interface is simple and easy to use and is positioned at the forefront in the activity of social trading and copy trading. 2. KRYLL Kryll is an automated crypto trading platform, it offers powerful Bitcoin robots and crypto bot for traders who want to automatically trade cryptocurrency. This French company has a marketplace where professional traders can offer their trading strategies to other platform users. The platform is available in French and has efficient technical support as well as a user community with which it is possible to chat on Telegram. This makes it possible to seek advice from other marketplace users on which strategies are performing well and which are less so. It is therefore an ideal platform for a beginner trader or the general public who would like to get into crypto trading without yet having any skills. Kryll also provides many guides and tutorials in French in order to better understand and learn trading. In order to copy trading on Kryll , all you need to do is open a free account and select the trading strategies you want to copy to your account. Everything is automatic, once selected, you can first test the strategy for free in test mode before switching to real and paid mode. This allows you to see if the strategy is working normally, the backtest is free and unlimited on Kryll. You can of course choose to copy multiple trading strategies at the same time. Once in real mode, you will simply pay the transaction fees for orders placed by Kryll's Bitcoin bots and crypto trading bot. You can deactivate a trading strategy at any time, there is no monthly subscription to pay on Kryll, you only pay for use. Kryll has an iOS and Android mobile application to monitor your account in real time. 3. 3commas A platform that offers to copy trading strategies made available on their marketplace. On the positive side, this professional automated crypto trading platform is available in French, English, Spanish, Portuguese, Korean, Russian! 3commas offers Bitcoin robots and crypto bots as well as a marketplace where professional traders offer their trading strategies to other platform users. So all you have to do is choose the trading strategies you want to copy to your account, the crypto bots will take care of the rest and place the buy or sell orders automatically on your 3commas account. One of the advantages of 3commas is its impressive list of crypto exchanges on which it is possible to do automated crypto trading: Binance , Binance US, Binance DEX, Binance Jersey, Kraken, Bitfinex, Bitmex, Bitstamp, Bittrex, Bybit, Bybit Testnet , CEX, Ethereum Wallet, Exmo, Gate.io, Coinbase Pro, Hitbtc, Huobi, Huobi US, Kraken , Kucoin, OKex, Poloniex, Yobit. Using the trading platform requires paying a monthly subscription starting at $ 29 per month up to $ 99, with the cheapest giving access to fewer features on the site. You then have to buy the trading strategies from the traders in addition to the 3commas subscription. In general, doing social trading on a trading platform is simply placing buy or sell orders copied from another trader or one of their trading strategies.
The crypto exchange charges the usual fees for any trading activity on its trading platform. The advantage of a trading platform is to have more volume of exchanges, social trading or copy trading makes it possible to increase trading volumes and therefore to take more transaction fees thanks to this increase in 'activity. Traders who make their trading skills available receive a percentage of the fees collected by the crypto exchange. This allows the trader to generate passive income by letting other traders benefit from his trading strategies through social trading. |
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