5 Legit Crypto Copy Trading Platforms for Beginners – [ Complete Review 2021 ]

Do you know the two rules of the world’s biggest investor Warren Buffett are

1 Never lose money
2 Never forget rule 1

Even though he applied in stock investing, but if you see this rule applies everywhere where finance is related.

As same as crypto trading, For profitable trading need exceptional luck, luck, discipline, and experience. The most professional trader had lost money for weeks, months, and even years before they finally turned it into profit.  But how about fastening the process.

Strategy is the game in trading for earning money. Having strategy means combining theory in market analysis and putting it into practice. But as I said it requires time. As said

                           “Necessity is the mother of invention.”

Here come the solution is copy trading.

What is copy trading?

Copy trading is software allows individuals in the financial market to automatically copying positions managed by expert traders. This allows individuals to copy specific strategy with desired leverage.

Quick Summery

Platforms Demo Account Min Deposits Securities Traded Regulation
E-Toro
Yes
$200
Crypto, CFD, Stocks, ETF
CIF, CySEC, FCA, MiFID, AFSL, ASIC.
PrimeXBT
No
$60.65
Forex, indices, commodities, cryptocurrencies
Unrugulated
Coinmatics
Free Beta Version
$150
Content
Binance exchange
Shrimpy
Yes
NA
Content
Supported by many other exchanges like Binance
Zulu Trader
Yes
$200
Content
CFTC, NFA

E Toro

E Toro is one of the best platform used by 12000000+ trader, established in 2006. This copy trading platform offer to trade in crypto,  share, ETF,  CFDs,  Forex. E toro is one the best and simplest platform ideal for beginners who prefer simple usability

  • Bitcoin
  • Ethereum
  • XRP
  • Litecoin
  • Dash
  • Bitcoin Cash
  • Cardano
  • IOTA
  • Stellar Lumens
  • NEO
  • EOS
  • Binance Coin
  • Zcash
  • Tron
  • Etherium classic
  • Tezos

E toro has features it allows you to copy trades with an adjustable level of risk and exposure. It means stop copy which is stop-loss where
the broker will stop trading if stop loss hit. This way you are not entirely dependent on the trader’s activity and alleviate the risk.

Features

Trade in stocks and ETF.
PayPal is a available for adding and withdrawing money.
Easy crypto portfolio build.

Platform – Web, Tablet and App.

Demo account – Yes

Minimum deposit – $200

Regulations: CIF, CySEC, FCA, MiFID, AFSL, ASIC

Founding year – 2007

Customer support – Email, Live chat, Phone call

Pros

  1. Highly regulated platform.
  2. Variety of trading assets.
  3. Excellent social trading platform.

Cons

  1. No crypto deposits
  2. Inactivity fees
  3. Spreads(differences between buy and sell prices) are higher than average.

PrimeXBT  Convesting

PrimeXBT Convesting is not directly integrated with PrimeXBT which is another crypto exchange. This is a pure crypto platform. This Union helps you to copy trades from professional trader directly inside PrimeXBT exchange. As well as it offers a trading terminal, that you can use to trade other than copy trading.

As a beginner, you can copy trade from professional traders and are paid for every profitable trade you make. You can also choose expert traders .according to their strategies, followers, trading history, and reviews written by other traders.

This platform provides access to a wide variety of markets and offers as many as over 50 trading instruments.

Features

Reduces risk and diversified portfolio.

Allow you to trade in Forex,  Indices,
Commodities,  cryptocurrencies.
(Only PrimeXBT converting has crypto trading option)

Demo account – No

Minimum deposit – $60

Regulation. – Australian ASIC

Founding year – 2018

Customer support – Live chat and email support..

Advantages

  1. High-margin trading facilities. Leverage up to 50x.
  2. No forced KYC and exchange
  3. Low fees
  4. You can set stop loss.

Disadvantsges

  1. Only 5 tradable crypto currencies.
  2. No fiat deposit..
  3. Unrugulated

Coinmatics

Coinmatics is a very friendly user interface and analytical tool which is great for beginners. The main function of coimetics is copy trading, where they provide over 30 different strategies and make passive income through autopilot mode.

Even though their main key function is copy trading,  Other services are useful for experience trader are crypto arbitrage, ticker alerts, and analytics.  Traders can copy trading from Binance exchange.

Coinmatics is a tool for copy trading for that you need to have an account in Binance exchange where orders will execute. Which will connect through the API key.

You have to pay a 5% profit commission to coinmatics as a trader and investors have to pay the subscription fee. Some trading strategies are free.

Features

Demo account – Free beta version

Minimum deposit – 150 USDT

Regulation – Binance exchange

Founding year  – 2018

Advantages

  1. User-friendly interface
  2. More than 30 strategies

Disadvantages

  1. Low reviews
  2. No margin (yet)

Shrimpy

Shrimpy is a copy trading tool that is automated allows you to configure a crypto asset portfolio, specify the weighting percentage for each coin in the portfolio.  You can automatically copy trades from professional traders using shrimpy.

Shrimpy has other features such as gain Insight,  gain insight into how other users are managing and backtesting. You will be surprised by a wide range of exchanges are supported by Shrimpy.

Shrimpy has two subscriptions,  free and premium. The cheapest plan is available for $13.3/month.

To use the Shrimpy copy trading feature, you have to connect it with your favorite exchange using an API key.

Features

A free plan is available.

Simple crypto portfolio management.

Portfolio  Rebalancing, Indexing tool, Backtesting, Social trading.

Demo account – Yes

Minimum deposit – NA

Founding year – 2017

Regulation – Supported by many other exchanges.

Customer support – Email support

Advantages

  1. Offers enhanced security and various trading tools.
  2. Simple to understand and easy to use.
  3. Supports multiple crypto exchanges

Disadvantages

  1. No mobile app for users.
  2. No trading terminal.

Zulu trader

Zulu trader is like shrimpy. It allows existing traders account to link an account with Zulu trader. They support over 40 exchanges in a single copy trading platform. As a user, you can choose from thousands of signals provider.

This platform has a filter that helps you find exchanges based on minimum deposit to start trading. Not only crypto, but they also support trade in Forex, Cryptos, Stocks, Commodities. Zulu trades provide only 5 cryptocurrency support.

  • Bitcoin
  • Etherium
  • XRP
  • Bitcoin cash
  • Litecoin

Features

#Allow investors to copy other investors’ portfolios.

#You can download a spreadsheet of all simulated trades

#It is free to join you need to pay for calls to traders.

Demo Account: Yes

Minimum Deposit: $200

Regulations: CFTC, NFA

Founding Year: 2007

Customer support: Live Chat, Email, Phones

Advantages

  1. Free full-featured demo account.
  2. Lots of signal providers.
  3. Transparency

Disadvantages

  1. Lots of amateur traders.
  2. A limited number of crypto.
  3. Plus, there are many complaints about privacy leaks of users.

Conclusion

Copy trading is becoming popular because it is a great source of passive income. As the crypto market is growing, we can expect more similar platforms but for now, these are the best crypto copy trading platform for now.

Among these copy trading platforms, I recommend you to go with E toro. Even though PrimeXBT is a great platform and deposit is minimum compared to E-Toro but it is unregulated. But this really doesn’t affect the platform’s performance and reputation. If you have a tight budget to start, you can go with PrimeXBT Conevrsting too.

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