Best Trading Mirror Forex Brokers 2023

For this list, we have searched and tested several mirror forex brokers.

We opened real accounts and deposited between $4,000 and $8,000 with each broker. Further, we placed real trades in each popular market to get the actual picture. We also contacted the customer support team to see whether they are able to solve the problems we had faced.

We handpicked the best mirror forex brokers based on our trading data and experience.

What is Mirror Trading?

Mirror trading is a social trading methodology that allows to “mirror” the trades of more experienced and successful traders and implement their strategies directly into their trading accounts. It is very similar to copy trading with slight differences in trading algorithms. Mirror trading can be implemented in both forex and stock markets, however, it is more common in forex.

Benefits of Mirror trading:

🏦 Spread	Usual spreads offered by the broker
📊 Commission	Yes, with an extra percentage paid to the copied trader
🛡️ Trading Strategy	Depends on the broker
🔒 Rejection	NA
💰 Re-Quotes	NA
💰 Slippage	NA

Mirror Trading vs Copy Trading

Mirror trading is often associated with copy trading; despite their obvious similarities, there are some differences in the way how accounts are linked. In copy trading, traders copy the moves of individual investors; while in mirror trading, trading decisions are determined by algorithms based on patterns of several traders.

• Mirror Trading is a pretty sophisticated strategy suitable for traders seeking to place large volume trades. This type of strategy requires a significant capital base to execute and, as a result, may have considerable fluctuations in traders’ account balance.
• Copy Trading is way more simplified than mirror trading and is better suited to small-scale trades, hence is more suitable for beginners. Traders can choose to copy individual traders by copying their entire strategy or just a single trade. Consequently, traders can allocate a percentage of their account balance to follow an individual trader or several traders simultaneously.

For more information read Wikipedia articles about Mirror Trading and Copy Trading.

Best Forex Brokers for Mirror Trading

To come up with this list of mirror forex brokers, we have searched and tested several forex brokers allowing mirror trading. We opened live accounts and deposited money in each account. Then we placed real trades to get the full picture of conditions and spreads and eventually to check if the brokers are trustworthy to trade with.

• eToro – Best Overall Mirror Forex Broker
• IG – Best Mirror Forex Broker for Beginners
• IC Markets – Best MT4 Broker for Mirror Forex Trading
• Pepperstone – Best Mirror Forex Broker for Crypto Trading
• AvaTrade – Best Mirror Forex Broker for Stock Trading

Best Forex trade Mirror Services Overall

We picked eToro as the best mirror forex broker overall.

Founded in 2007, eToro is a market-leading social trading platform that provides trading in forex, indices, commodities, stocks, exchange-traded funds (ETFs), and cryptocurrencies. The broker holds multiple licenses in the UK, US, Australia, and Cyprus. For US residents, eToro offers stock and ETFs exchange as well as launched a crypto wallet with more than 40 digital currencies.

eToro offers a single account with a minimum deposit of $200 which traders can open through its proprietary platform. Traders can “mirror” the trades across over 2300 instruments, including exchanged securities, forex, CFDs, and cryptocurrencies.

Best Forex Mirror Trading Service for Beginners

We chose IG as the best mirror forex broker for beginners.

Founded in 1974, IG is a global CFD and forex provider offering trading instruments in forex, shares, indices, commodities, options, futures, and cryptocurrencies. IG holds several regulations in the EU, UK, Dubai, Switzerland, Japan, South Africa, Singapore, Australia, New Zealand, US, and Bermuda.

IG mirror trading enables traders to duplicate the buy and sell strategies of more experienced traders without giving control over their strategies to third parties.

IG is a perfect choice for forex trading due to their extensive educational courses covering all aspects of trading in multiple formats to suit everyone. It provides courses, guidelines, webinars, glossaries, and many other materials through its IG Academy platform.

Best mirror trading mt4 Broker

We picked IC Markets as the best mirror forex brokers with the MT4 platform.

IC Markets is a global Forex and CFD brokerage company with the main focus on Forex pairs, indices, stocks, commodities and cryptocurrencies. It is regulated in Australia, Cyprus, Seychelles, and the Bahamas.

IC Markets offers an industry-leading MT4 platform with an inbuilt mirror trading feature. Apart from MT4, it also provides Myfxbook – a comprehensive mirroring service provider.

Best Mirror Trading Crypto Broker

We picked Pepperstone as the best mirror forex trading for Crypto CFD trading.

Founded in 2010, Pepperstone is an Australian Forex and CFD broker offering to trade in forex pairs, indices, stocks, commodities, ETFs, cryptocurrencies, and a currency index. It is highly regulated in Australia, the United Kingdom, Cyprus, Germany, Bahamas, the UAE and Kenya.

When it comes to Bitcoin mirror trading, Pepperstone offers good conditions to traders allowing them to copy trades of the more sophisticated traders. Pepperstone offers CFD trading of most major digital currencies including Bitcoin, Ethereum, Bitcoin Cash, Polkadot, Ripple, Litecoin, etc with leverage up to 10:1.

We offer only verified brokers providing CFD crypto trading since most of the forex brokers offer only CFD trading. Only a few brokers like eToro offer trading cryptos on an exchange base.

Best Broker for Mirror Stock Trading

We chose AvaTrade as the best mirror forex broker for stock CFD trading.

Founded in 2006, AvaTrade is a major player in the field of Forex and CFD markets. Launched as a forex retail trading broker it has extended its market offerings over forex, indices, commodities, bonds, cryptocurrencies, stocks, and ETFs. The broker is authorised and licensed by world-leading regulatory bodies including Ireland, Japan, Australia, UAE, South Africa, British Virgin Islands.

AvaTrade is one of the best brokerage companies among those that offer stock CFD trading allowing its clients to “mirror” the trading experience of advanced traders. The broker offers tight spreads with no commissions on trades.

Mirror Trading Brokers List

Here is the full list of mirror forex brokers we have tested and reviewed:

Forex Broker	Mirror Trading Account	About Our Test	Our Review
eToro	Yes	Deposit Amount: Over $6,000 Total Trade: 18 trades	eToro Review
AvaTrade	Yes	Deposit Amount: Over €4,000 Total Trade: 21 trades	AvaTrade Review
AXI (AxiTrader)	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	AXI Review
XM	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
Admiral Markets	Yes	Deposit Amount: Over €4,500 Total Trade: 12 trades	Admiral Markets Review
FP Markets	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	FP Markets Review
FxPro	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
Pepperstone	Yes	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
CMC Markets	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	CMC Markets Review
IC Markets	Yes	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
Vantage FX	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	Vantage FX Review
ThinkMarkets	Yes	Deposit Amount: Over €5,000 Total Trade: 15 trades	ThinkMarkets Review
GO Markets	Yes	Deposit Amount: Over €4,500 Total Trade: 12 trades	GO Markets Review

FAQ and More on Forex Brokers with Mirror Trading

Traders usually have many questions on generic trading-related queries. We tried to pick and answer some of the most essential queries related to mirror forex brokers.

Mirror Trading Scam

In 2017, Mirror Trading International (MTI) company was involved in a money-laundering scandal, which led people to consider that mirror trading is a fraudulent activity. However, mirror trading is legitimate, traders just need to choose among reputable highly-regulated brokers with high scores of trading for a particular time (2-5 years).

Mirror Trading Withdrawal

Mirror Trading accounts allow fund withdrawing with multiple methods, lie debit/credit card, bank transfers, and many popular wallets like Skrill, PayPal, etc. However, novice traders should be aware that most brokers require high fees for withdrawing money from their mirror accounts.

Mirror Trading Strategy

Which trading strategy you will mirror depends on what kind of account you have and which trader you specifically want to copy. Traders can choose one or even several strategies to copy.