Are you looking for the best copy trading platforms in Malaysia? Look no further. Our article compares and reviews the top 10 best-rated brokers in Malaysia, with a focus on copy trading platforms.

Whether you’re a new retail trader interested in buying stocks and ETFs, or an experienced trader seeking specific account types and no fees, our analysis covers all the services and features you need to know to make an informed decision.

Our review takes into account factors such as ease of use, fees, and the number of successful traders available to copy. So let’s dive in and see which broker best fits your copy trading needs.

What is copy trading?

Copy trading is a type of online trading that allows investors to copy the trades of experienced traders automatically. With this method, beginners can learn from more seasoned investors by copying their trading strategies and techniques.

This process is facilitated by unique platforms that offer social trading services, enabling users to view and analyze the performance of other traders and then automatically copy their trades in real-time. By copying the trades of experienced traders, novices can gain insight into successful trading strategies while minimizing their own risk and potential losses.

Best Copy Trading Platform Malaysia

Copy trading has become an increasingly popular trend in the world of online trading, and for a good reason. It allows traders to automatically replicate the trades of experienced traders, giving them the opportunity to profit from the knowledge and expertise of others. But with so many online brokers out there, how do you know which one to choose? Luckily, we have done the research for you.

This comprehensive review focuses on helping you find the best online broker in Malaysia for copy trading. We cover all the important aspects, including ease of registration, user-friendly trading software (particularly online web terminals), regulatory compliance, tradable assets, trading resources, and more.

After analyzing and discussing each broker’s pros and cons, you can make an informed decision on the specific features you require. Do you want a stock market broker or one with a large community of active traders? Do you need an online broker with multiple account types or one that allows you to buy stocks? These are just some of the questions that we help you answer.

By reading through our comprehensive review and considering the questions we pose, you will have the knowledge and insight to choose the best broker for copy trading in Malaysia. Based on our research, we have identified the brokers with the best trading platforms that offer all the services and features you need to succeed in copy trading. So, whether you are a new trader or a seasoned veteran, our review will help you find the perfect broker for your copy trading needs.

Here are the top 10 best copy trading platforms that are available to you in Malaysia;

• ZFX
• XM
• Exness
• FBS
• eToro
• FP Markets
• Axi
• AvaTrade
• Tickmill
• BDSwiss

Copy Trading Platform Comparison

Best Copy Trading Platform in Malaysia (Reviewed)

1. ZFX

ZFX is a forex and CFD broker that was founded in 2016. The broker is headquartered in the UK and is regulated by the Financial Conduct Authority (FCA) and the Financial Services Authority (FSA). ZFX offers trading CFDs, including forex, stocks, commodities, indices, and cryptocurrencies. The broker offers two account types, Standard and Pro, with minimum deposits of 50 USD and 1,000 USD, respectively. However, there are three account types for clients in Malaysia, including an ECN account. It should be noted that they are also one of the best ECN brokers in Malaysia.

ZFX’s trading platform is MetaTrader 4 (also their copy trading platform), available on desktop, web, and mobile. One of the unique features of ZFX is its copy trading platform (MT4), which allows traders to replicate the trades of experienced traders automatically through simply accessing their site and connecting their accounts. The copy trading platform is integrated with the MT4 platform, making it easy for traders to follow and copy the trades of others. Users must only be ZFX clients to take part in their copy trading feature through MT4. All clients need to do Is link their MT4 accounts and then copy the trader of their choice.

Then in terms of deposit and withdrawal methods, clients can use bank wire transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. The broker does not charge any deposit or withdrawal fees, but clients may incur fees from their payment provider.

Then they offer 24×7 customer support via email, live chat, and phone. The broker also provides an extensive FAQ section and resources through their market outlook to help traders improve their trading skills. The broker also offers a range of educational materials, including videos, and articles, through their Z-Academy.

By far, ZFX has the most complete copy trading platform that allows for easy copy trading among its clients, and along with their other features, we rate this broker as one of the best brokers as well as having the best copy trading platform.

Pros

• Great copy trading through MT4
• Three to Two types of trading accounts depending on the region
• NDD, STP, and ECN broker
• Regulated by the FCA and the FSA
• Great resources for traders (A – Z Trading Academy)
• Low initial deposit (50 USD) with a minimum lot size of 0.1
• 100+ assets to trade
• Tighter spreads on ECN accounts (from 0.2 pips)
• Zero commission with low spreads
• Spreads As Low As 0.2
• 15 USD Minimum Deposit (Cent Account)
• Comprehensive research tools
• Fantastic customer support
• Islamic account available

Cons

• Limited payment options
• Trading is not available to U.S.-based residents
• No Web-Based Platform
• $1,000 deposit for traders on ECN Accounts

2. XM

XM is a forex and CFD broker that was founded in 2009. The broker is headquartered in Cyprus and is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA), among several others. XM offers trading on a range of financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies.

The broker offers a range of account types that cater to different trading styles and experience levels. The account types include the Micro, Standard, and XM Ultra Low accounts. The Micro account requires a minimum deposit of 5 USD, while the Standard and XM Ultra Low accounts require a minimum deposit of 50 USD and 10,000 USD, respectively.

XM’s trading platform is MetaTrader 4 and MetaTrader 5, which are available on desktop, web, and mobile. This is also their copy trading platform. As with ZFX, while using MT4, copying other traders with the broker or through Expert Advisors is possible.

The broker also offers a range of trading resources and educational materials, including webinars, videos, and articles. XM charges spreads on trades, with average spreads of 1.6 pips for the EUR/USD currency pair.

XM’s fees are competitive and transparent, with no hidden charges. Then XM broker does not charge any deposit or withdrawal fees, making it convenient for traders to manage their funds.

Pros

• Multiple account types with different features
• Low minimum deposit requirements
• Wide range of trading instruments
• Comprehensive research tools and educational materials
• Great customer support
• Negative balance protection
• Fast and reliable execution
• User-friendly platform
• Competitive spreads
• Multiple payment options

Cons

• Limited regulation in some countries
• No support for US traders
• Inactivity fees on some account types
• Limited trading platforms
• Limited social trading features
• Limited promotions and bonuses
• Limited market analysis tools
• Limited leverage options on some account types
• Limited cryptocurrency offerings

3. Exness

Exness is another forex and CFD broker that was founded in 2008. The broker is headquartered in Cyprus (Limassol) and is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA).

This broker offers clients trading for forex, indices, stocks, commodities, and cryptocurrencies as CFDs. Then in terms of account types, there are four, including Standard, Raw Spread, Pro, and Zero, with minimum deposits ranging from 1 USD to 200 USD depending on the account type.

Exness’s trading platforms are (again, like XM and ZFX) MetaTrader 4 and MetaTrader 5, available on desktop, web, and mobile. One of the standout features of Exness is its copy trading functionality. This allows traders to automatically copy the trades of other successful traders, making it an ideal solution for those who are new to trading or who don’t have the time to manage their accounts actively. Copy trading, as with ZFX and XM, is done through MetaTrader.

Exness also provides a range of educational materials to help traders improve their skills and knowledge. Then Exness offers excellent customer service, with a dedicated team available 24/7 to answer any questions or concerns that clients may have. The broker also provides a comprehensive FAQ section on its website and live chat and email support.

Pros

• Free VPS hosting
• Instant withdrawal of money 24/7 depending on the method used
• Segregated accounts
• Swap-Free/Islamic Account Provided
• High Maximum Leverage
• Narrow spreads
• Multiple trading platforms: MT4, MT5, MultiTerminal, mobile platform
• Negative balance protection
• User-friendly platform
• Competitive spreads
• Low minimum deposit requirements
• Comprehensive research tools and educational materials
• Good customer support

Cons

• Limited regulation in some countries
• Inactivity fees on some account types
• Training resources are minimal
• No US residents can be accepted as clients
• 24/7 customer support only available in some languages
• No copy trading or back-testing integration on the IG platform
• High share-CFD fees
• Limited trading platforms
• Limited customer support for non-English speakers

4. FBS

FBS is a forex and CFD broker founded in 2009 and is a global broker offering online trading services in over 190 countries. The broker is headquartered in Belize and is regulated by the International Financial Services Commission (IFSC), among others.

FBS offers trading on CFDs, including Indices, forex, stocks, commodities, and cryptocurrencies. Clients can choose from four main account types when opening an account; Cent, Standard, Zero Spread, and ECN.

Each account type has its own unique features and minimum deposit requirements, allowing traders to choose the account type that best suits their needs.

As with the other brokers on this list, FBS’s trading platform is MetaTrader 4 and MetaTrader 5, which are available on desktop, web, and mobile. MetaTrader allows traders to automatically copy the trades of experienced traders, making it an ideal choice for beginners or those who do not have the time or knowledge to trade themselves. Through Expert Advisors is how copying with this broker will be done.

The broker also offers a range of educational materials, including Forex TV, webinars, videos, and articles which are almost as comprehensive as XM’s trading resources. FBS charges spread on trades, with average spreads of 0.4 pips for the EUR/USD currency pair.

Pros

• Regulated by reputable financial authorities, including the IFSC and CySEC
• Offers a wide range of tradable assets, including forex, commodities, and indices
• Provides traders with access to the popular MetaTrader 4 and MetaTrader 5 platforms
• Low minimum deposit requirement
• Provides traders with educational resources and market analysis tools
• Offers competitive spreads and commissions
• Supports multiple payment methods, including bank transfers, credit cards, and e-wallets
• Provides 24/7 customer support
• Offers bonuses and promotions to new and existing clients
• Provides negative balance protection to traders

Cons

• Limited regulation in specific regions
• No support for US traders
• Inactivity fees on some account types
• Some instruments have wide spreads
• Limited number of commodities to trade
• EU, UK, and Australian clients have fewer account options than clients from other regions
• It lacks proprietary web and desktop platforms
• Limited market analysis tools
• Limited leverage options on some account types
• Limited customer support for non-English speakers

5. eToro

eToro is a social trading platform that was founded in 2007 and is another broker on this list that has been in operation for many years. It is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the FSA.

eToro offers CFD and copy trading on various financial instruments, including forex, indices, stocks, commodities, Bonds, ETFs, and cryptocurrencies.

eToro’s trading platform is unique in allowing users to copy other traders’ trades and does not use MetaTrader for this. All copy trading is done through the web terminal through the one account that they offer their clients. This account also has a minimum deposit of 50 USD.

eToro offers a range of educational materials to help traders improve their skills and knowledge. These include webinars, video tutorials, e-courses, and market analysis. Traders can also interact with each other through eToro’s social trading platform by chatting to signal providers and learning from successful traders, which is not really an option through MetaTrader.

Pros

• Regulated by reputable financial authorities, including the FCA and CySEC
• Offers a unique social trading platform, allowing traders to follow and copy the trades of successful traders
• Provides traders with access to a wide range of markets, including stocks, cryptocurrencies, and commodities
• Provides traders with educational resources and market analysis tools
• Low minimum deposit requirement
• Offers commission-free trading on certain assets
• Offers a user-friendly platform with a range of features, including portfolio management tools
• Provides negative balance protection to traders
• Offers a demo account for testing purposes

Cons

• Higher spreads and fees compared to other brokers
• Provides customer support through support tickets only
• Limited range of tradable assets compared to other brokers
• One account type and many leverage options
• Limited research and analysis tools compared to other brokers except for the “blog/academy”
• Withdrawal fees and minimum withdrawal requirements
• Limited customization options for trading platform
• Some traders have reported issues with slippage and execution speeds
• No integration with third-party tools and platforms
• Limited cryptocurrency offerings

6. FP Markets

FP Markets is a trusted broker that offers copy trading services to traders in Malaysia. With over 15 years of experience in the industry, FP Markets has established itself as one of the leading brokers in the world, providing traders with access to a wide range of financial instruments and top-tier trading conditions. They are regulated by the Australian Securities and Investments Commission (ASIC), CySEC, and the FSCA.

They provide their client’s access to various trading instruments, including forex, stocks, commodities, and cryptocurrencies. FP Markets also offers its clients a variety of account types, including Standard, Raw, and Islamic accounts. They also provide their clients with access to the MetaTrader 4 and MetaTrader 5 trading platforms. Once again, as with our other brokers, copy trading is done through MetaTrader through the use of Expert Advisors. It will help to Remember that Expert Advisors are free in some instances, and in others, there is a fee (you can purchase them).

FP Markets provides traders with 24/5 customer support via live chat, email, and phone. The broker’s customer service team is highly trained and knowledgeable, ensuring traders receive prompt and accurate responses to queries or concerns. Additionally, FP Markets provides traders with access to a range of trading tools, including economic calendars, market news, and analysis, to help them make informed trading decisions.

Pros

• Regulated by reputable financial authorities, including ASIC and CySEC
• Offers a wide range of tradable assets, including forex, commodities, and indices
• Provides traders with access to MT 4 and 5 platforms
• Provides traders with educational resources and market analysis tools
• Low minimum deposit requirement
• Offers competitive spreads and commissions
• Supports multiple payment methods, including bank transfers, credit cards, and e-wallets
• Provides 24/5 customer support
• Offers a range of trading tools, including VPS and API access
• Provides negative balance protection to traders

Cons

• Limited range of account types and leverage options compared to other brokers
• Limited social trading and copy trading features
• Limited market coverage compared to other brokers
• Limited research and analysis tools compared to other brokers
• Higher commission fees for some asset classes
• Limited cryptocurrency offerings compared to other brokers
• Limited customization options for trading platform
• No demo account available for testing purposes
• Withdrawal fees and minimum withdrawal requirements
• Limited customer support options compared to other brokers

7.  AXI

Axi is another reliable broker that offers copy trading services to traders in Malaysia. Axi is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA). These regulatory bodies ensure that Axi adheres to strict transparency and fair dealing standards.

Axi offers a range of account types to suit the needs of traders at different levels. These include the Standard Account, the Pro Account, and the Islamic Account. Each account type has its own unique features and benefits.

Then Axi offers various trading instruments across multiple asset classes, including forex, indices, commodities, and cryptocurrencies. They offer several trading platforms, including MetaTrader 4 and MetaTrader 5, which are popular among traders due to their advanced charting tools and automated trading capabilities. Remember that MetaTrader has been used as the best forex copy trading software since 2005. This is why top-tier brokers like ZFX, XM, and the rest on this list use it.

Axi prides itself on its customer service. Traders can contact support via phone, email, or live chat. They offer support in multiple languages and have a dedicated customer support team available 24/5.

Pros

• Regulated by reputable financial authorities, including ASIC and the FCA
• Offers a wide range of tradable assets, including forex, commodities, and indices
• Provides traders with access to the popular MetaTrader 4 and MetaTrader 5 platforms
• Provides traders with educational resources and market analysis tools
• Low minimum deposit requirement
• Offers competitive spreads and commissions
• Supports multiple payment methods, including bank transfers, credit cards, and e-wallets
• Provides 24/5 customer support
• Offers a range of trading tools, including VPS and API access
• Provides negative balance protection to traders

Cons

• Users have experienced problems withdrawing funds
• The account verification is complicated and drawn out
• Demo account is only available for 30 days
• Limited range of account types and leverage options compared to other brokers
• Limited research and analysis tools compared to other brokers
• Higher commission fees for some asset classes
• Limited cryptocurrency offerings compared to other brokers
• Limited customization options for trading platform
• No demo account available for testing purposes
• Withdrawal fees and minimum withdrawal requirements
• Limited customer support options compared to other brokers

8. AvaTrade

AvaTrade is a well-established broker that offers copy trading services to traders in Malaysia like the other broker on this best copy trading platforms list. They are regulated by multiple regulatory bodies, including the Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission (FSC) in Japan.

AvaTrade offers CFD trading in the form of forex, stocks, cryptocurrencies, commodities, and other assets. One of the advantages of trading with AvaTrade is that the broker offers competitive and transparent pricing. There are no hidden fees, and the spreads are tight, starting from as low as 0.9 pips. In addition, there are no deposit or withdrawal fees, although there may be charges from the payment provider.

AvaTrade provides traders with a choice of trading platforms, including the popular MetaTrader 4 (MT4) platform, the newer MetaTrader 5 (MT5) platform, and its own proprietary AvaTradeGO platform. Each platform is user-friendly and customizable and comes with a range of advanced trading tools and features. Copy trading is done through MetaTrader 4 and 5, respectively.

Then AvaTrade also provides excellent customer support, with multilingual customer service available 24/5. Traders can contact the broker via live chat, email, phone, and social apps, and the broker also offers a comprehensive FAQ section on its website.

Pros

• Regulated by reputable financial authorities, including the Central Bank of Ireland and the ASIC
• Offers a wide range of tradable assets, including forex, stocks, commodities, and cryptocurrencies
• Provides traders with access to the popular MetaTrader 4 and AvaTradeGO platforms
• Provides traders with educational resources and market analysis tools
• Low minimum deposit requirement
• Offers competitive spreads and commissions
• Supports multiple payment methods, including bank transfers, credit cards, and e-wallets
• Provides 24/5 customer support
• Offers a range of trading tools, including VPS and API access
• Provides negative balance protection to traders

Cons

• Higher commission fees for some asset classes
• Limited customization options for trading platform
• Withdrawal fees and minimum withdrawal requirements
• Limited customer support options compared to other brokers
• No demo account available for testing purposesLimited range of account types and leverage options compared to other brokers
• Limited social trading and copy trading features

9. Tickmill

Tickmill is regulated by several top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Seychelles Financial Services Authority (FSA) in Seychelles. This means that you can be confident that the broker operates under strict guidelines and adheres to the highest standards of financial conduct.

Tickmill offers a range of account types to cater to traders with different needs and preferences. These include the Classic account, the Pro account, and the VIP account. The Classic account is ideal for beginners as it requires only a small initial deposit and offers competitive spreads. The Pro account is designed for more experienced traders who need tighter spreads, while the VIP account is for high-volume traders who require additional perks such as a dedicated account manager.

Copy trading with Tickmill is easy and straightforward. The broker supports various trading platforms, including the MetaTrader 4 (MT4) and MT5. These platforms offer advanced charting tools, customizable indicators, and automated trading options, making it easy for traders to execute their trades.

Tickmill offers excellent customer support, which is available 24/5. The broker has a dedicated support team that is always ready to answer your queries and resolve any issues you may encounter. You can contact their support team via email, phone, or live chat.

Pros

• Regulated by reputable financial authorities, including the FCA and CySEC
• Offers a wide range of tradable assets, including forex, commodities, and indices
• Provides MetaTrader 4 and MetaTrader 5
• Provides traders with educational resources and market analysis tools
• Low minimum deposit requirement
• Offers competitive spreads and commissions
• Supports multiple payment methods, including bank transfers, credit cards, and e-wallets
• Provides 24/5 customer support
• Offers a range of trading tools, including VPS and API access
• Provides negative balance protection to traders

Cons

• Limited customer support options compared to other brokers
• No demo account available for testing purposes
• Some traders have reported issues with slippage and execution speeds
• Mobile app is only for account management
• Commission on two of the three trading accounts
• Can’t trade commodities
• The minimum deposit is 100 USD, regardless
• No mobile trading app
• Limited range of account types and leverage options compared to other brokers
• Limited customization options for trading platform

10. BDSwiss

BDSwiss is a fully regulated broker with licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa. The broker also adheres to the European Securities and Markets Authority (ESMA) regulations, ensuring high safety and security for clients’ funds.

BDSwiss offers different account types that cater to traders’ varying needs, including a demo account, a basic account, a raw spread account, and a Black account. The minimum deposit required to open an account is 10 USD.

BDSwiss’s standout feature is its copy trading service. This service allows traders to follow and copy the trades of experienced traders, also known as signal providers, in real-time. This feature is available on the broker’s MT4 and MT5 platforms, and traders can choose from a range of signal providers based on their trading strategies, risk profiles, and performance history.

To get started with copy trading, traders need to open a live account with BDSwiss, select a signal provider, and allocate funds to follow their trades. Traders can also monitor and adjust their copied trades, ensuring maximum control over their investments.

BDSwiss provides excellent customer support to its clients, with a 24/5 multilingual customer service team that is available via phone, email, or live chat. The broker also offers an extensive knowledge base and educational resources to help traders improve their trading skills and knowledge.

BDSwiss is available in over 180 countries, with a few exceptions, including the United States, Canada, and Japan. Traders from these countries are not eligible to open accounts with the broker.

Pros

• Offers a wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies
• Provides low spreads and commissions, making it cost-effective for traders
• Offers a user-friendly trading platform with a variety of trading tools and indicators
• Provides multiple account types to suit different traders’ needs, including Islamic accounts
• Offers a mobile trading app for traders who prefer to trade on-the-go
• Provides free educational resources and trading webinars to help traders improve their skills
• Offers 24/5 customer support in multiple languages
• Provides fast and reliable order execution
• Regulated by reputable financial authorities, ensuring the safety of clients’ funds
• Offers a range of deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets

Cons

• Limited options for traders who prefer social trading
• The minimum deposit requirement for opening an account is relatively high compared to other brokers
• Charges an inactivity fee for accounts that remain inactive for a certain period.
• Limited research tools and analysis for traders who rely heavily on fundamental and technical analysis
• Limited trading hours for some instruments, such as cryptocurrencies
• Charges a fee for withdrawals, which can be a deterrent for traders who want to withdraw small amounts
• Limited educational resources for advanced traders
• Not available in some countries, including the United States

How To Start Copy Trading in Malaysia?

Copy trading has become an increasingly popular way to invest in financial markets, allowing traders to replicate successful traders’ trades automatically. In Malaysia, one of the best platforms for copy trading is ZFX, which offers a range of copy trading services on the popular MT4 platform. This section will guide you through the steps to open an account with ZFX, deposit funds, verify your identity, and start copy trading.

Open an Account

To get started with ZFX, the first step is to visit their website. Based on your location, you will be automatically redirected to the correct domain for your region. Don’t worry about any differences in the registration process for your region, as ZFX has streamlined the signup process to ensure a consistent interface for all users.

The only variation you’ll encounter is when selecting the appropriate account type, which will depend on your region. Once you’ve landed on the ZFX website, click the “open an account” button at the top.

This will take you to the registration page, where you will be required to fill in personal details such as your title, name, last name, country, phone number, and password. It’s important to note that you can open a live or demo account from this page.

After entering your phone number, ZFX will send a verification code that you’ll need to input on the appropriate field to proceed to the next page. Here, you’ll be asked to choose your account type, which will differ depending on your region. For instance, if you’re signing up from MENA, you’ll have the option to choose between Pro and Premier accounts. On the other hand, if you’re signing up from Malaysia, you can select Mini, Standard STP, or ECN accounts.

Once you’ve selected your account type, the next page will provide your account details and the option to download MT4. It’s advisable to save your account information at this point as you’ll require it to log in to MT4. Your account password will be used to log into MyZFX, which is the client’s backend.

Make your First Deposit

To start trading using a live account, you must first make a deposit. This can be done by clicking on the “make a deposit” button located in your client area, which will redirect you to the deposit funds section in your MyZFX dashboard.

You’ll be presented with a variety of deposit methods to choose from, each with its own specific minimum deposit requirement. It’s important to keep this in mind when selecting a method to use. After selecting your preferred method, provide all necessary payment information and confirm the deposit.

Your transaction will then be processed through a secure payment gateway. Remember that making a deposit is an essential step to open any live positions, so be sure to have funds available in your account before you start trading.

Verify your account

While it’s possible to make deposits and start trading without verifying your account, we highly recommend that you complete the verification process. This involves uploading the necessary documents to your MyZFX account. Failing to do so will result in the inability to withdraw any funds from your account. To learn more about the verification process, refer to the screenshot below, which outlines the steps necessary to upload the required documents.

Start Trading

After depositing funds into your live account, you’ll need to download and install MT4 on your computer to start trading. Once MT4 is launched, you’ll be prompted to enter the server information. Refer to the screenshot below for a better understanding of what this entails.

Next, you’ll need to select the account you wish to use. It’s important to note that you can choose between a live or demo account depending on the type you registered for. After selecting your account, MT4 will connect to the servers and display your trading charts and available assets. From here, you’ll have full access to the markets and be able to open live positions.

Start Copy Trading

Now that you know how to register and trade with ZFX, the last thing we will need to touch on is how to copy trade. In order to copy trade with ZFX, you will need to head to this link. Once on the webpage, you will click on the “try it now” button.

You will then be taken to the page where you can see other traders you are able to copy, including their return. Simply click on the “copy” button under your chosen trader.

Once you have chosen the trader you wish to copy and clicked “copy,” you will be prompted. Here you will only need to fill out your MT4 account details. Once that is complete. MT4 will then automatically copy the trades (positions) of the signal provider.

Advantages and Disadvantages of Copy Trading?

Advantages of Copy Trading

• Ability to copy successful traders’ strategies
• Access to a wide range of trading strategies and markets
• Time-saving for traders who lack experience and knowledge
• Lower learning curve for novice traders
• Can potentially generate profits for traders with little to no experience
• Provides a sense of community among traders
• Possibility of social interaction and communication with other traders
• Option to choose traders to follow based on their performance and risk appetite
• Some platforms offer transparency in traders’ performance, allowing for informed decision-making
• Potential for passive income for successful traders whose strategies are copied.

Disadvantages of Copy Trading

• Possibility of copying unsuccessful traders and losing money
• Some platforms may not have sufficient data to accurately evaluate traders’ performance
• Risk of overreliance on copied traders’ strategies
• Lack of control over trading decisions
• Inability to customize trading strategies based on individual preferences and risk tolerance
• Copying trades may not always be executed at the best possible prices
• Some platforms may charge additional fees or higher spreads for copy/social trading
• Risk of fraudulent or untrustworthy traders on the platform
• Difficulty in assessing the quality and reliability of trading strategies
• Limited ability to develop and improve personal trading skills and knowledge.

Bottom Line

In conclusion, copy trading and social trading have revolutionized the way that individuals participate in the financial markets. By allowing traders to replicate the trades of more experienced traders automatically, copy trading has democratized access to profitable trading strategies and has helped to level the playing field for retail traders. Social trading platforms also provide valuable opportunities for traders to connect with other traders, share knowledge and strategies, and learn from one another.

When it comes to copy trading and social trading, ZFX is undoubtedly one of the best brokers in Malaysia. With its advanced copy trading platform, ZFX allows traders to replicate top-performing traders’ trades in real-time automatically. The platform also provides comprehensive analytical tools to help traders evaluate the performance of their chosen traders and make informed investment decisions. With its commitment to transparency, security, and innovation, ZFX is an excellent choice for anyone looking to explore the benefits of copy trading and social trading.

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Robert J. Williams

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