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5 Best Copy Trading Platforms in Singapore

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We have thoroughly researched and tested the top copy trading brokers available to traders in Singapore. Our team explored various platforms, evaluated their features, and assessed their performance to provide a comprehensive guide on the best options. We analysed critical factors such as regulatory status, ease of use, range of tradable instruments, and customer support quality. In this guide you will learn:

 

  • What a copy trading platform is for traders in Singapore
  • The 5 best copy trading platforms in Singapore
  • The most frequently asked questions about copy trading platforms in Singapore

 

By diving deep into user experiences and expert reviews, we aim to present an unbiased overview of the leading copy trading brokers that can help both novice and experienced traders in Singapore make informed decisions.

This guide will reveal the strengths and potential drawbacks of each broker so that you have all the necessary information to choose the best platform for your trading needs.

Updated : August 8, 2024

10 Best Forex Brokers in Singapore for 2024

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

4.4/5

User Score

#2

4.7/5

User Score

#3

4.5/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.6/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.8/5

User Score

#10

4.7/5

User Score

What is a copy trading platform for traders in Singapore?

 

Using copy trading platforms, Singaporean traders can copy the trades made by seasoned investors. Brokers that provide copy trading platforms make it possible for novices to profit from the strategies used by more experienced traders without requiring them to have extensive understanding of the market.

By making traders’ performance measures visible, copy trading platforms provide transparency, which in turn aids users in selecting tactics that are in line with their objectives. Traders in Singapore have more options for diversification thanks to these platforms, which support multiple asset classes.

5 Best Copy Trading Platforms in Singapore – Comparison

🔍Broker🫴🏻Copy Trading🚀Open an Account💵Minimum Deposit➡️Leverage
🥇AvaTrade✅ Yes👉 Click HereSGD135.25 or USD100Leverage up to 30:1 for retail clients, higher for professional clients
🥈HFM✅ Yes👉 Click HereUSD6.76 or USD5Up to 1:1000 for forex trading
🥉Pepperstone✅ Yes👉 Click HereNo minimum depositUp to 1:500 for forex trading
🏆OctaFX✅ Yes👉 Click HereSGD33.80 or USD25Up to 1:500 for forex trading
🏅IC Markets✅ Yes👉 Click HereSGD270.51 or USD200Up to 1:500 for forex trading

5 Best Copy Trading Platforms in Singapore (2024)

  1. ☑️AvaTrade – Overall, The Best Copy Trading Platform
  2. ☑️HFM – Best Affiliate Program
  3. ☑️Pepperstone – Best MT4 Broker
  4. ☑️OctaFX – Excellent Customer Service
  5. ☑️IC Markets – Best Low-Spread Broker

AvaTrade

 

AvaTrade Review

 

Many traders in Singapore prefer AvaTrade’s DupliTrade platform because of the inclusive copy trading experience it provides. Thanks to DupliTrade’s automatic trading features, users can copy the trading tactics of successful traders with ease.

Due to its openness, we found that this platform provides comprehensive performance measurements and statistics for any strategy provider. This allows traders to make well-informed judgments by utilizing performance data that is kept up-to-date.

 

Overall Rating

Min Deposit

135 SGD (100 USD)

Regulators

ASIC, FSA, CBI,  BVI, FSCA, FRSA, ISA

Trading Desk

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

51

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

AvaTrade’s compatibility with well-known trading platforms like MetaTrader 4 and 5 expands the scope of copy trading possibilities.

The safety of Singaporean traders is ensured by AvaTrade’s regulatory control by the Monetary Authority of Singapore (MAS). Anyone, from complete beginners to seasoned pros, can benefit from the platform’s instructional materials, which are designed to help users make the most of their copy trading tactics.

 

Unique Features

🔍FeatureDescription
⌛Regulatory StatusRegulated by MAS, FCA, ASIC, CySEC, FSCA, and Central Bank of Ireland
🛢️Range of Tradable InstrumentsOffers forex, commodities, indices, cryptocurrencies, stocks, ETFs, and bonds
💵Minimum Deposit Requirements in SGDSGD135.25 or USD100
💴Spread and Commission RatesCompetitive spreads, no additional commission on most trades
📝Copy Trading Platform UsabilityUser-friendly, intuitive interface for copy trading
🌟Performance Metrics of Signal ProvidersDetailed performance metrics for all signal providers
🛑Risk Management Tools AvailableIncludes stop loss, take profit, and trailing stops
🔟Customer Support Quality24/5 customer support available via live chat, phone, and email
➡️Platform Integration (e.g., MetaTrader 4/5)Integration with MetaTrader 4, MetaTrader 5, and AvaTradeGO
⏱️Execution Speed and ReliabilityHigh execution speed and reliability with minimal slippage
🗂️Account Types and FeaturesMultiple account types including Standard, Islamic, and Professional
💷Fees and Charges (e.g., Withdrawal Fees)No withdrawal fees, but inactivity fees may apply
📈Leverage OptionsLeverage up to 30:1 for retail clients, higher for professional clients
🗣️User Reviews and Satisfaction RatingsGenerally positive user reviews with high satisfaction ratings
🎓Educational Resources OfferedExtensive educational resources including webinars, tutorials, and eBooks
🚀Open an Account👉 Click Here

 

AvaTrade Trading Platforms

 

Pros and Cons

✅Pros❌Cons
AvaTrade offers the DupliTrade platform, which provides a seamless and automated copy trading experience.The minimum deposit requirement of $100 might be higher compared to some other brokers.
The platform is user-friendly and integrates with MetaTrader 4 and 5, making it accessible for traders of all levels.AvaTrade charges inactivity fees, which could be a drawback for less active traders.
AvaTrade provides detailed performance metrics and historical data of strategy providers, aiding informed decision-making.Limited number of strategy providers on DupliTrade compared to other platforms.
The broker is well-regulated, including oversight by the Monetary Authority of Singapore (MAS), ensuring a secure trading environment.Customer support, although available, can sometimes have longer response times.
AvaTrade offers a wide range of tradable instruments, enhancing diversification opportunities.AvaTrade does not offer a raw spread account, which might be a disadvantage for some traders.
Educational resources and tutorials are available to help users maximize their copy trading strategies.The proprietary AvaTrade platform might lack some advanced features found in third-party platforms.

 

Trust score

AvaTrade has a trust score of 93%

 

 

HFM

 

HFM Review

 

HFM offers a comprehensive copy trading platform to Singaporean traders of all skill levels via its HFCopy platform. Users can follow and copy the trades of chosen strategy providers with HFCopy.

We found that the straightforward interface of HFCopy makes picking and replicating trades a breeze, which is one of the program’s main advantages.

In addition to providing comprehensive performance numbers, this website lets traders pick strategy providers according to their risk tolerance, trading style, and performance history.

 

Overall Rating

Min Deposit

0 SGD / 0 USD

Regulators

FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA

Trading Desk

MT4, MT5

Crypto

Yes

Total Pairs

53

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Anyone wishing to diversify their trading portfolio without devoting a great deal of time to market research would find HFM’s copy trading service to be especially useful.

An additional selling point is the platform’s compatibility with MetaTrader 4 and 5, which provide access to more sophisticated trading features. Traders from Singapore can confidently engage in copy trading thanks to HFM’s dedication to transparency and regulatory compliance.

 

Unique Features

🔍FeatureDescription
⌛Regulatory StatusRegulated by CySEC, FCA, FSCA, DFSA
🛢️Range of Tradable InstrumentsForex, Commodities, Indices, Shares, Cryptocurrencies, Bonds, ETFs
💵Minimum Deposit Requirements in SGDUSD6.76 or USD5
💴Spread and Commission RatesSpreads from 0.1 pips, commissions vary by account type
📝Copy Trading Platform UsabilityUser-friendly HFCopy platform
🌟Performance Metrics of Signal ProvidersDetailed performance analytics available
🛑Risk Management Tools AvailableStop loss, take profit, negative balance protection
🔟Customer Support Quality24/5 multilingual support via live chat, email, phone
➡️Platform Integration (e.g., MetaTrader 4/5)MetaTrader 4, MetaTrader 5, HF App
⏱️Execution Speed and ReliabilityFast execution with minimal slippage
🗂️Account Types and FeaturesStandard, Premium, VIP, Zero Spread accounts
💷Fees and Charges (e.g., Withdrawal Fees)No deposit fees, variable withdrawal fees
📈Leverage OptionsUp to 1:1000 for forex trading
🗣️User Reviews and Satisfaction RatingsHigh user satisfaction, positive reviews
🎓Educational Resources OfferedWebinars, tutorials, market analysis, eBooks
🚀Open an Account👉 Click Here

 

HFM Trading Platforms Singapore

 

Pros and Cons

✅Pros❌Cons
HFM’s HFCopy platform is intuitive and designed to cater to both novice and experienced traders.Minimum deposit requirements may vary by account type and could be higher for some.
Detailed performance metrics of strategy providers are available, allowing for informed selection.Withdrawal fees can vary and might add to the cost for traders.
The broker offers competitive spreads starting from 0.1 pips, making it cost-effective for traders.The number of available strategy providers might be limited compared to other platforms.
Integration with MetaTrader 4 and 5 provides advanced trading tools and functionalities.HFM’s copy trading platform might lack some advanced features found in dedicated third-party platforms.
HFM offers strong risk management tools, including stop loss and negative balance protection.Response times for customer support can occasionally be slow during peak hours.
Multilingual customer support is available 24/5, ensuring assistance when needed.HFM’s educational resources, while useful, might not be as comprehensive as those offered by some competitors.

 

Trust score

HFM has a trust score of 85%

 

 

Pepperstone

 

Pepperstone review

 

Copy trading on Pepperstone is available to Singaporean traders via DupliTrade and Myfxbook AutoTrade.

Users can improve their trading abilities and tactics in a systematic way by duplicating the transactions of experienced pros with DupliTrade.

In contrast, Myfxbook AutoTrade provides a novel approach to trading automation by modeling its operations after those of successful traders.

We like the fact that traders can make educated selections with the help of both platforms’ comprehensive performance analytics and real-time monitoring.

 

Overall Rating

Min Deposit

14 SGD ($10)

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MT4, MT5, cTrader, TradingView

Crypto

Yes

Total Pairs

1000+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pepperstone is also a great platform for copy trading because of its focus on tight spreads and fast execution times. This helps to minimize slippage when repeated transactions are made.

The broker’s stringent regulatory system, which includes supervision by numerous top-tier regulators, gives Singaporean traders an extra degree of safety and confidence.

 

Unique Features

🔍FeatureDescription
⌛Regulatory StatusRegulated by FCA, ASIC, DFSA, SCB, CMA, CySEC, BaFin
🛢️Range of Tradable InstrumentsForex, Commodities, Indices, Shares, Cryptocurrencies, ETFs
💵Minimum Deposit Requirements in SGDNo minimum deposit
💴Spread and Commission RatesSpreads from 0.0 pips, commissions vary by account type
📝Copy Trading Platform UsabilityIntuitive with DupliTrade and Myfxbook AutoTrade
🌟Performance Metrics of Signal ProvidersExtensive performance analytics
🛑Risk Management Tools AvailableStop loss, take profit, negative balance protection
🔟Customer Support Quality24/5 multilingual support via live chat, email, phone
➡️Platform Integration (e.g., MetaTrader 4/5)MetaTrader 4, MetaTrader 5, cTrader, TradingView
⏱️Execution Speed and ReliabilityHigh execution speed with minimal slippage
🗂️Account Types and FeaturesStandard, Razor, Swap-Free accounts
💷Fees and Charges (e.g., Withdrawal Fees)No deposit fees, variable withdrawal fees
📈Leverage OptionsUp to 1:500 for forex trading
🗣️User Reviews and Satisfaction RatingsHigh user satisfaction, positive reviews
🎓Educational Resources OfferedWebinars, tutorials, market analysis, trading guides
🚀Open an Account👉 Click Here

 

Pepperstone Trading Platforms

 

Pros and Cons

✅Pros❌Cons
Pepperstone provides access to DupliTrade and Myfxbook AutoTrade, offering versatile copy trading options.Pepperstone charges inactivity fees, which could be a disadvantage for less active traders.
The broker offers competitive spreads starting from 0.0 pips, benefiting cost-conscious traders.Limited number of strategy providers compared to larger copy trading platforms.
Detailed performance analytics and real-time monitoring help traders make informed decisions.Withdrawal fees can vary and add to the overall trading cost.
Pepperstone’s platform is integrated with MetaTrader 4, MetaTrader 5, and cTrader, providing flexibility.The platform might be complex for beginners to navigate initially.
Strong regulatory oversight ensures a secure and reliable trading environment.Customer support, while available, can sometimes experience delays in response times.

 

Trust score

Pepperstone has a trust score of 95%

 

 

OctaFX

 

OctaFX Review

 

For Singaporean traders, OctaFX’s own platform streamlines copy trading with a simple and user-friendly interface.

With the platform’s uncluttered design, we found that users can quickly peruse trader profiles, check their performance metrics, and choose the ones that suit their trading objectives.

Traders in Singapore can manage their copy trading activity on the fly with OctaFX’s mobile app. People who lead busy lives but still want constant access to their trading accounts will appreciate this feature the most.

 

Overall Rating

Min Deposit

SGD 34 (USD 25)

Regulators

CySEC

Trading Desk

MT4, MT5, OctaFX Trading App

Crypto

Yes

Total Pairs

35

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

One more thing we like that makes copy trading with OctaFX better is their dedication to competitive trading conditions and low spreads.

The instructional materials offered by OctaFX guarantee that users may continually grow their trading knowledge and abilities, while the platform’s emphasis on transparency and performance data aid Singaporean traders in making educated decisions.

 

Unique Features

🔍FeatureDescription
⌛Regulatory StatusRegulated by CySEC
🛢️Range of Tradable InstrumentsForex, Commodities, Indices, Cryptocurrencies, Metals
💵Minimum Deposit Requirements in SGDSGD33.80 or USD25
💴Spread and Commission RatesSpreads from 0.4 pips, no commissions
📝Copy Trading Platform UsabilityUser-friendly with detailed performance metrics
🌟Performance Metrics of Signal ProvidersComprehensive performance analytics
🛑Risk Management Tools AvailableStop loss, take profit, negative balance protection
🔟Customer Support Quality24/7 multilingual support via live chat, email
➡️Platform Integration (e.g., MetaTrader 4/5)MetaTrader 4, MetaTrader 5, OctaFX Trading App
⏱️Execution Speed and ReliabilityFast execution with low latency
🗂️Account Types and FeaturesMicro, Pro, ECN accounts
💷Fees and Charges (e.g., Withdrawal Fees)No deposit fees, no withdrawal fees
📈Leverage OptionsUp to 1:500 for forex trading
🗣️User Reviews and Satisfaction RatingsHigh user satisfaction, positive reviews
🎓Educational Resources OfferedWebinars, video tutorials, market insights
🚀Open an Account👉 Click Here

 

OctaFX Trading Platforms

 

Pros and Cons

✅Pros❌Cons
OctaFX’s proprietary copy trading platform is user-friendly and straightforward to use.The minimum deposit requirement of $25, while low, might still be a barrier for some new traders.
The platform offers comprehensive performance analytics of signal providers, aiding informed decision-making.Limited number of strategy providers compared to other copy trading platforms.
Competitive spreads starting from 0.4 pips with no commissions on most trades.The proprietary platform might lack some advanced features found in third-party platforms.
Integration with MetaTrader 4 and 5, as well as the OctaFX Trading App, provides flexibility.Withdrawal processing times can sometimes be slower during peak periods.
Strong risk management tools, including stop loss and negative balance protection.OctaFX’s educational resources, while useful, might not be as extensive as those offered by some competitors.
24/7 multilingual customer support ensures timely assistance.Customer support response times can occasionally be slow during high demand.

 

Trust score

OctaFX has a trust score of 79%

 

 

IC Markets

 

IC Markets Review

 

IC Markets’ copy trading solution continues the company’s tradition of cutting-edge trading software. Copy trading is available through the broker’s ZuluTrade and Myfxbook AutoTrade platforms, which are compatible with MetaTrader 4 and 5.

Singaporean traders can use these services to copy the moves made by seasoned pros with ease. Users of ZuluTrade’s one-of-a-kind social trading platform can observe the trading tactics and results of signal providers while interacting with them in real time.

Meanwhile, users can copy the transactions of successful accounts using Myfxbook AutoTrade, an advanced automatic trading tool.

 

Overall Rating

Min Deposit

270 SGD (200 USD)

Regulators

ASIC, CySEC, FSA, SCB

Trading Desk

MT4, MT5, cTrader, IC Social, Signal Start, ZuluTrade

Crypto

Yes

Total Pairs

64+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

We think that copy traders will find IC Markets to be an excellent platform due to its dedication to low spreads, rapid execution speeds, and thorough performance data.

Singaporean traders can rest easy knowing that the broker complies with all regulations set by prestigious regulatory bodies, such as the Australian Securities and Investments Commission (ASIC).

 

Unique Features

🔍FeatureDescription
⌛Regulatory StatusRegulated by ASIC, CySEC, FSA
🛢️Range of Tradable InstrumentsForex, Commodities, Indices, Cryptocurrencies, Bonds, ETFs
💵Minimum Deposit Requirements in SGDSGD270.51 or USD200
💴Spread and Commission RatesSpreads from 0.0 pips, commissions vary by account type
📝Copy Trading Platform UsabilityComprehensive with ZuluTrade and Myfxbook AutoTrade
🌟Performance Metrics of Signal ProvidersDetailed performance analytics available
🛑Risk Management Tools AvailableStop loss, take profit, negative balance protection
🔟Customer Support Quality24/7 multilingual support via live chat, email, phone
➡️Platform Integration (e.g., MetaTrader 4/5)MetaTrader 4, MetaTrader 5, cTrader
⏱️Execution Speed and ReliabilityHigh execution speed with low latency
🗂️Account Types and FeaturesStandard, Raw Spread, cTrader accounts
💷Fees and Charges (e.g., Withdrawal Fees)No deposit fees, variable withdrawal fees
📈Leverage OptionsUp to 1:500 for forex trading
🗣️User Reviews and Satisfaction RatingsHigh user satisfaction, positive reviews
🎓Educational Resources OfferedWebinars, tutorials, market analysis, trading guides
🚀Open an Account👉 Click Here

 

IC Markets Trading Platforms

 

Pros and Cons

✅Pros❌Cons
IC Markets offers access to ZuluTrade and Myfxbook AutoTrade, providing a range of copy trading options.The minimum deposit requirement of $200 might be higher for some traders.
The broker offers some of the lowest spreads in the industry, starting from 0.0 pips.Variable withdrawal fees can add to the overall cost of trading.
Detailed performance metrics and real-time monitoring of strategy providers.The number of available strategy providers might be limited compared to larger platforms.
Integration with MetaTrader 4, MetaTrader 5, and cTrader, offering advanced trading tools.IC Markets charges inactivity fees, which could be a disadvantage for less active traders.
High execution speed with low latency ensures efficient trade execution.The platform’s complexity might be overwhelming for beginner traders.
Extensive educational resources, including webinars, tutorials, and market analysis.Customer support, although available 24/7, can sometimes have longer response times during peak hours.

 

Trust score

IC Markets has a trust score of 86%

 

 

Conclusion

 

Our final thoughts on the best copy trading brokers for traders in Singapore are shaped by our extensive research and user experiences.

Copy trading offers an innovative way for traders to leverage the expertise of seasoned professionals, making it an appealing choice for both novice and experienced investors.

Overall, these brokers provide reliable and effective platforms for copy trading, enabling Singaporean traders to participate in the markets with confidence and convenience.

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Frequently Asked Questions

Popular platforms include MetaTrader 4, MetaTrader 5, and proprietary platforms offered by various brokers.

Evaluate strategy providers based on their historical performance, risk level, number of followers, and capital under management.

Like all trading, copy trading involves risks, including market volatility and the potential for significant losses, especially if the strategy provider’s trades do not perform well.

Yes, many platforms provide educational resources such as webinars, tutorials, and market analysis to help users understand and improve their trading strategies.

Some platforms allow customization, enabling traders to adjust trade sizes, set their own stop-loss and take-profit levels, and manage risk according to their preferences.

Key factors include regulatory status, range of tradable instruments, fee structure, platform usability, and the availability of performance metrics and risk management tools

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