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.
- Candice Barnes
10 Best Forex Brokers in Singapore for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
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 Here | SGD135.25 or USD100 | Leverage up to 30:1 for retail clients, higher for professional clients |
🥈HFM | ✅ Yes | 👉 Click Here | USD6.76 or USD5 | Up to 1:1000 for forex trading |
🥉Pepperstone | ✅ Yes | 👉 Click Here | No minimum deposit | Up to 1:500 for forex trading |
🏆OctaFX | ✅ Yes | 👉 Click Here | SGD33.80 or USD25 | Up to 1:500 for forex trading |
🏅IC Markets | ✅ Yes | 👉 Click Here | SGD270.51 or USD200 | Up to 1:500 for forex trading |
5 Best Copy Trading Platforms in Singapore (2024)
- ☑️AvaTrade – Overall, The Best Copy Trading Platform
- ☑️HFM – Best Affiliate Program
- ☑️Pepperstone – Best MT4 Broker
- ☑️OctaFX – Excellent Customer Service
- ☑️IC Markets – Best Low-Spread Broker
AvaTrade
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.
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
🔍Feature | Description |
⌛Regulatory Status | Regulated by MAS, FCA, ASIC, CySEC, FSCA, and Central Bank of Ireland |
🛢️Range of Tradable Instruments | Offers forex, commodities, indices, cryptocurrencies, stocks, ETFs, and bonds |
💵Minimum Deposit Requirements in SGD | SGD135.25 or USD100 |
💴Spread and Commission Rates | Competitive spreads, no additional commission on most trades |
📝Copy Trading Platform Usability | User-friendly, intuitive interface for copy trading |
🌟Performance Metrics of Signal Providers | Detailed performance metrics for all signal providers |
🛑Risk Management Tools Available | Includes stop loss, take profit, and trailing stops |
🔟Customer Support Quality | 24/5 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 Reliability | High execution speed and reliability with minimal slippage |
🗂️Account Types and Features | Multiple account types including Standard, Islamic, and Professional |
💷Fees and Charges (e.g., Withdrawal Fees) | No withdrawal fees, but inactivity fees may apply |
📈Leverage Options | Leverage up to 30:1 for retail clients, higher for professional clients |
🗣️User Reviews and Satisfaction Ratings | Generally positive user reviews with high satisfaction ratings |
🎓Educational Resources Offered | Extensive educational resources including webinars, tutorials, and eBooks |
🚀Open an Account | 👉 Click Here |
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 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.
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
🔍Feature | Description |
⌛Regulatory Status | Regulated by CySEC, FCA, FSCA, DFSA |
🛢️Range of Tradable Instruments | Forex, Commodities, Indices, Shares, Cryptocurrencies, Bonds, ETFs |
💵Minimum Deposit Requirements in SGD | USD6.76 or USD5 |
💴Spread and Commission Rates | Spreads from 0.1 pips, commissions vary by account type |
📝Copy Trading Platform Usability | User-friendly HFCopy platform |
🌟Performance Metrics of Signal Providers | Detailed performance analytics available |
🛑Risk Management Tools Available | Stop loss, take profit, negative balance protection |
🔟Customer Support Quality | 24/5 multilingual support via live chat, email, phone |
➡️Platform Integration (e.g., MetaTrader 4/5) | MetaTrader 4, MetaTrader 5, HF App |
⏱️Execution Speed and Reliability | Fast execution with minimal slippage |
🗂️Account Types and Features | Standard, Premium, VIP, Zero Spread accounts |
💷Fees and Charges (e.g., Withdrawal Fees) | No deposit fees, variable withdrawal fees |
📈Leverage Options | Up to 1:1000 for forex trading |
🗣️User Reviews and Satisfaction Ratings | High user satisfaction, positive reviews |
🎓Educational Resources Offered | Webinars, tutorials, market analysis, eBooks |
🚀Open an Account | 👉 Click Here |
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
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.
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
🔍Feature | Description |
⌛Regulatory Status | Regulated by FCA, ASIC, DFSA, SCB, CMA, CySEC, BaFin |
🛢️Range of Tradable Instruments | Forex, Commodities, Indices, Shares, Cryptocurrencies, ETFs |
💵Minimum Deposit Requirements in SGD | No minimum deposit |
💴Spread and Commission Rates | Spreads from 0.0 pips, commissions vary by account type |
📝Copy Trading Platform Usability | Intuitive with DupliTrade and Myfxbook AutoTrade |
🌟Performance Metrics of Signal Providers | Extensive performance analytics |
🛑Risk Management Tools Available | Stop loss, take profit, negative balance protection |
🔟Customer Support Quality | 24/5 multilingual support via live chat, email, phone |
➡️Platform Integration (e.g., MetaTrader 4/5) | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
⏱️Execution Speed and Reliability | High execution speed with minimal slippage |
🗂️Account Types and Features | Standard, Razor, Swap-Free accounts |
💷Fees and Charges (e.g., Withdrawal Fees) | No deposit fees, variable withdrawal fees |
📈Leverage Options | Up to 1:500 for forex trading |
🗣️User Reviews and Satisfaction Ratings | High user satisfaction, positive reviews |
🎓Educational Resources Offered | Webinars, tutorials, market analysis, trading guides |
🚀Open an Account | 👉 Click Here |
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
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.
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
🔍Feature | Description |
⌛Regulatory Status | Regulated by CySEC |
🛢️Range of Tradable Instruments | Forex, Commodities, Indices, Cryptocurrencies, Metals |
💵Minimum Deposit Requirements in SGD | SGD33.80 or USD25 |
💴Spread and Commission Rates | Spreads from 0.4 pips, no commissions |
📝Copy Trading Platform Usability | User-friendly with detailed performance metrics |
🌟Performance Metrics of Signal Providers | Comprehensive performance analytics |
🛑Risk Management Tools Available | Stop loss, take profit, negative balance protection |
🔟Customer Support Quality | 24/7 multilingual support via live chat, email |
➡️Platform Integration (e.g., MetaTrader 4/5) | MetaTrader 4, MetaTrader 5, OctaFX Trading App |
⏱️Execution Speed and Reliability | Fast execution with low latency |
🗂️Account Types and Features | Micro, Pro, ECN accounts |
💷Fees and Charges (e.g., Withdrawal Fees) | No deposit fees, no withdrawal fees |
📈Leverage Options | Up to 1:500 for forex trading |
🗣️User Reviews and Satisfaction Ratings | High user satisfaction, positive reviews |
🎓Educational Resources Offered | Webinars, video tutorials, market insights |
🚀Open an Account | 👉 Click Here |
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’ 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.
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
🔍Feature | Description |
⌛Regulatory Status | Regulated by ASIC, CySEC, FSA |
🛢️Range of Tradable Instruments | Forex, Commodities, Indices, Cryptocurrencies, Bonds, ETFs |
💵Minimum Deposit Requirements in SGD | SGD270.51 or USD200 |
💴Spread and Commission Rates | Spreads from 0.0 pips, commissions vary by account type |
📝Copy Trading Platform Usability | Comprehensive with ZuluTrade and Myfxbook AutoTrade |
🌟Performance Metrics of Signal Providers | Detailed performance analytics available |
🛑Risk Management Tools Available | Stop loss, take profit, negative balance protection |
🔟Customer Support Quality | 24/7 multilingual support via live chat, email, phone |
➡️Platform Integration (e.g., MetaTrader 4/5) | MetaTrader 4, MetaTrader 5, cTrader |
⏱️Execution Speed and Reliability | High execution speed with low latency |
🗂️Account Types and Features | Standard, Raw Spread, cTrader accounts |
💷Fees and Charges (e.g., Withdrawal Fees) | No deposit fees, variable withdrawal fees |
📈Leverage Options | Up to 1:500 for forex trading |
🗣️User Reviews and Satisfaction Ratings | High user satisfaction, positive reviews |
🎓Educational Resources Offered | Webinars, tutorials, market analysis, trading guides |
🚀Open an Account | 👉 Click Here |
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
What platforms support copy trading in Singapore?
Popular platforms include MetaTrader 4, MetaTrader 5, and proprietary platforms offered by various brokers.
How can I choose a good strategy provider to copy?
Evaluate strategy providers based on their historical performance, risk level, number of followers, and capital under management.
What are the risks of copy trading?
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.
Do copy trading platforms offer educational resources?
Yes, many platforms provide educational resources such as webinars, tutorials, and market analysis to help users understand and improve their trading strategies.
Can I customize the trades I copy?
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.
What should I look for in a copy trading broker?
Key factors include regulatory status, range of tradable instruments, fee structure, platform usability, and the availability of performance metrics and risk management tools