Social trading is growing in popularity among traders and the reason is not difficult to understand。By copying the trades of experienced traders, novices benefit from their expertise and have the potential to make a profit without having to learn to trade themselves。

Both Exness and FP Markets offer reliable social trading platforms for traders。Exness's CopyTrade and FP Markets' Myfxbook Autotrade have similar features, including tracking and copying the trades of successful traders, setting risk levels and trading volumes, and filtering strategies / signals based on performance and other criteria。However, these platforms differ in the user interface, the number of traders and strategies available for replication, and ease of use。

Traders can also consider other factors such as minimum investment, regulatory framework and customer support when choosing Exness and FP Markets。

Overall, compared to FP Markets, Exness's CopyTrade has more enhancements, such as demo accounts, a modern interface, and a leaner selection of replicable traders and strategies, making it ideal for beginners。

Exness

Exness is a Forex and CFD broker, founded in 2008 and headquartered in Cyprus.。The broker has built a strong reputation in the trading industry by offering a variety of trading tools including Forex, Metals, Cryptocurrencies and more。Exness already has a significant presence in the industry, with more than 120,000 active traders worldwide and multiple awards for its services.。One of the key factors behind its success is the broker's strong regulatory framework, as it is regulated by top financial regulators such as the FCA, CySEC and FSCA.。

FP Markets

FP Markets is a leading Forex and CFD broker in Australia, offering high quality trading services since 2005.。It offers a full range of financial instruments, including foreign exchange, stocks, indices, commodities, etc.。The broker is committed to providing a safe and secure trading environment for traders and is regulated by two top financial regulators, ASIC and CySEC.。With advanced trading tools, rigorous spreads and excellent execution speed, FP Markets has become the first choice for traders at all levels, from beginners to experienced professionals.。

social trading platform

Exness and FP Markets are two well-known Forex and CFD brokers offering social trading platforms that are popular among traders。Social trading allows beginners or inexperienced traders to copy the trades of experienced traders, giving them an opportunity to learn and make money at the same time。Both brokers offer similar social trading platforms with multiple features such as automated trading, transparent performance statistics, and the ability to track multiple traders.。However, there are differences between the two platforms in terms of user interface, minimum investment and number of traders available for replication.。

Exness Social Trading

Exness's social trading platform, called CopyTrade, is available on desktop and mobile devices。CopyTrade allows traders to track and copy the trades of successful traders, with the option to set their own risk levels and trading volumes。

Traders can choose from a variety of strategies and screen based on performance, risk level and other factors。In addition, they can communicate and share ideas with other traders through the platform's chat function.。

FP Markets Social Trading

FP Markets social trading platform called Myfxbook Autotrade。Available on desktop and mobile devices, the platform offers thousands of trading signals from successful traders worldwide。

Traders can filter signals based on performance, risk level and other criteria and subscribe to the signals they like。The platform also allows traders to set their own risk levels and trading volumes and communicate with other traders through the platform's forums.。

Comparison of social trading platforms

Regarding social trading platforms, both Exness and FP Markets offer a range of nice features。However, there are some differences between the two:

Interface

In addition to providing a social trading platform, Exness and FP Markets have different platform features。For example, Exness's CopyTrade platform has a modern, intuitive interface that is easy to navigate, allowing traders to easily filter strategies based on performance, risk levels, and other factors.。In addition, CopyTrade provides clear information about the past performance of each strategy to help traders make informed decisions.。

FP Markets' Myfxbook Autotrade, on the other hand, has a user-friendly interface, but is slightly more cluttered than CopyTrade。While traders can still filter signals based on performance and other criteria, the platform provides less information about the past performance of each signal than CopyTrade。These differences affect a trader's preference for the platform。

Number of Traders and Strategies

Exness's CopyTrade and FP Markets' Myfxbook Autotrade have unique strengths when it comes to social trading。CopyTrade's traders and strategy selection are more streamlined, which is an advantage for traders who prefer a more targeted trading method。The platform allows traders to filter strategies based on performance, risk level and other factors, providing clear information about the past performance of each strategy。

Myfxbook Autotrade, on the other hand, offers more options for traders and strategies, which may overwhelm some traders。However, the platform makes it easier to evaluate which signals to subscribe to by providing a lot of information about the past performance of each signal。While the platform's interface is slightly more cluttered than CopyTrade's, traders can filter signals based on performance and other criteria.。

Ease of use

CopyTrade offers demo accounts that allow traders to practice using the platform without risking real money。FP Markets "Myfxbook Autotrade, on the other hand, doesn't offer demo accounts, but offers more traders and strategies to choose from.。Ultimately, the choice between these two platforms depends on a trader's preference for more strategies, or for a wider range of options with more detailed performance information。