With FX copy trading, even beginners can aim for profits like professional FX traders . But even if you're eager to try it, you might be wondering which copy trading account is best .
"Which copy trading account is the best?"
"Can you make money with any copy trading system if you use an overseas forex account?"
"I wonder if there are any comparison rankings for FX brokers that offer copy trading."
If you're going to invest, you'll want to use an account where you can expect excellent professional management. So, which FX brokers are recommended for copy trading ?
we've thoroughly compared overseas FX brokers that offer copy trading We'll introduce our recommended brokers in a ranking a copy trading account that suits you . If you're interested in trying FX copy trading, be sure to read to the end!
For basic information on how copy trading works, its advantages and disadvantages, please read "What is FX Copy Trading?"
Contents
- 1 How to do and get started with FX copy trading
- 2 FX Copy Trading: Recommended Brokers and Accounts - Comparison Points
- 2.1 Overseas Forex Comparison Point 1: Financial License and Reliability
- 2.2 Overseas Forex Comparison Point 2: Ease of Use of Copy Trading
- 2.3 Overseas Forex Comparison Point 3: Number of Copy Trades
- 2.4 Overseas Forex Comparison Point 4: High Leverage
- 2.5 5. Points to consider when comparing overseas forex brokers: Bonuses and campaigns
- 2.6 Overseas Forex Comparison Point 6: Trading Costs such as Spreads
- 2.7 7. Key points for comparing overseas forex brokers: Check the execution rate and execution speed
- 2.8 8. Choose based on Japanese language support when comparing overseas forex brokers
- 3 [Copy Trading Compatible!] Recommended Overseas Forex Broker Ranking
- 3.1 Top Recommended Copy Trading FX Account: "HFM" - A reliable and popular overseas FX account for copy trading!
- 3.2 Recommended Copy Trading FX Account #2: "Jade Forex" - Copy quickly and easily with cTrader!
- 3.3 Top 3 Recommended Copy Trading FX Account: "Vantage" - Choose from 70,000 different options for maximum satisfaction!
- 3.4 Recommended Copy Trading FX Account #4: "Titan FX" - Earn money with its social-type smartphone app!
- 3.5 Top 5 Recommended Copy Trading FX Account: "Bing X" - Gaining Popularity in Cryptocurrency!
- 4 How to Choose a Copy Trading Provider
- 4.1 How to choose a copy trading platform: 1. Performance is steadily increasing
- 4.2 How to Choose a Copy Trading Platform 2. Profit Margin and Drawdown Rate
- 4.3 How to choose a copy trading platform 3. Stable winning trades
- 4.4 How to choose a copy trading service 4. The number of trades matches your needs
- 4.5 How to choose a copy trading platform 5. Look for one with a large number of followers
- 4.6 How to Choose a Copy Trading Service 6. Choose from Rankings
- 4.7 How to Choose a Copy Trading Service 7. Choose Based on Customer Reviews and Testimonials
- 5 FX Copy Trading [Frequently Asked Questions (Q&A)]
- 5.1 Is copy trading in FX illegal?
- 5.2 What are MAM and PAMM in FX?
- 5.3 Is copying signals on MT4/MT5 considered copy trading?
- 5.4 Is copy trading possible with domestic FX brokers?
- 5.5 How much can you make with copy trading?
- 5.6 How much capital is needed for copy trading?
- 5.7 How much are the fees for copy trading?
- 5.8 Can I stop copy trading at any time?
- 5.9 Is it possible to register as an internet service provider?
- 5.10 Which providers allow me to register with them?
- 6 Summary: Start by trying copy trading with a small amount of money!
How to do and get started with FX copy trading

To start copy trading, you need to open an overseas forex account that supports copy trading If you already have an account , some services allow you to start without any further procedures.
First, let's review the steps to get started with copy trading
The steps to start copy trading are as follows:
- Determining the amount of capital to use for copy trading
- Open an overseas forex account that supports copy trading
- Deposit funds for copy trading into your account
- Install and register a copy trading system
- Choose your provider and start the transaction
I'll explain each point one by one, including some important points to keep in mind
❶ Determine the amount of capital to use for copy trading
The first thing to do when preparing for copy trading is to decide on the "capital to be used for copy trading."
Copy trading allows you to directly copy the discretionary trading strategies of professional traders. popular because it's said to allow even FX beginners who can't analyze charts to make money . However, as some of you may know, copy trading doesn't guarantee profits.
You shouldn't put all of your investment funds into your first copy trading attemptIt's important to start small and try it out after securing funds for potential losses and second chances

The appropriate initial deposit for copy trading is between 10,000 and 100,000 yen. You can increase the amount later
The amount considered a "small amount" varies from person to person, but try to prepare an amount that you can comfortably afford
By deciding on a budget beforehand, you can choose an overseas forex account or copy trading service that suits your individual plan
❷ Open an overseas FX account that supports copy trading
Once you've decided on the amount of capital to invest, the next step to open an overseas forex account that supports copy trading .
There are two main types of accounts to choose from when using copy trading
One option to open a regular FX account (such as a standard account) and use a copy trading tool. In this case, there are two types: one where copy trading is immediately available, and another where you need to register and log in to the copy trading tool and link
Another to open and use a dedicated account for copy trading . In this case, you first open a regular account and then add and register the copy trading account.
For example, Vantage's "Copy Trading Account ," you first need to open a regular account before proceeding with the application.
Vantage Copy Trading Process

❸ Deposit funds for copy trading into your account
Next, after opening an overseas FX account that supports copy trading, you will make your initial deposit .
As mentioned at the beginning, you should not deposit the entire amount of your investment funds as your initial deposit. Keep as much reserve capital as possible .
Also, in overseas forex trading,There are also malicious scamsPlease be careful and thoroughly check beforehand whether the company you are depositing money into is safeFinancial Services Agency・Consumer Affairs Agency・National Consumer Affairs CenterTherefore, they are issuing warnings about using unregistered businesses and making payments to them

For information on copy trading scams, please refer to What is FX Copy Trading? Investigating its Illegality and Potential for Fraud
❹ Install (register) a copy trading system
After depositing funds into your account, the next step if you need to install the copy trading tool . Instructions on how to install the copy trading system are available on the official website or member site.
For example, with HF Market, if you have a real account, from the top screen of the member site . Copy trading called "HF Copy" is available immediately without registration.
HF Market copy trading - no registration required

Some overseas forex brokers allow you to start copy trading without installing any tools or even logging in or registering, although the process varies slightly depending on the broker. However, some require you to install a dedicated copy trading app, so be sure to check beforehand
❺ Choose a provider to copy from and start the transaction
After registering for copy trading (some services don't require registration), and once you're ready, you can select a provider and start copy trading .
Provider information can be accessed from the CopyTrade page
Example of a list of internet service providers

Normally, a list of providers will appear, and clicking on one you're interested in will display its details. You can view profit margin (profit/loss ratio), profit/loss graph, fees, drawdown, number of followers, minimum deposit amount, and more .
When choosing an internet provider,What percentage of profits is the commission fee?Make sure to check the total cost to determine what the final cost will be
In overseas forex copy trading, providers come from all over the world, and many Japanese traders are also active. Research the information of the provider you are interested in, and once you have decided which provider you want to copy, press the "Follow" button to start copy trading
- Follow → Copy trading starts
- Unfollow → Copy trading has been suspended
Start and stop using the follow button

Once you've decided which provider you want to copy from,Press the "Follow" button to start tradingThat's it. After that, the professional's discretionary trading is directly reflected on your trading screenTo stop following, undo the "Follow" buttonIt's very easy, as all you have to do is..
It's easier to make a decision if you first select several candidates and then compare them
FX Copy Trading: Recommended Brokers and Accounts - Comparison Points

I've learned that FX copy trading can be started with surprisingly simple steps. The important thing here choosing the right FX broker and account .
Even with copy trading, vary depending on the overseas forex broker you choose
we will explain the key points to consider when comparing overseas forex brokers and accounts that are suitable for copy trading
Overseas Forex Comparison Point 1: Financial License and Reliability
First and foremost, when choosing an overseas forex broker , the most important things to consider are "financial licenses" and "reliability." Because overseas forex brokers do not have a base in Japan, they are classified as unregistered brokers domestically.
However, even if a company is not registered domestically, obtained a financial license at an overseas base . Whether or not a company is registered with an overseas financial authority can be used to assess its reliability.
Financial licenses for overseas and domestic forex trading
• Domestic FX financial licenses → All domestic FX brokers are authorized (licensed) by the Japanese Financial Services Agency.
- Financial license for overseas forex trading → The company has obtained a license from the financial authorities in the country where it is based.
Most overseas forex brokers do so on their respective official websitesFinancial license acquisition status and company informationIt is publicly availableCompanies that don't disclose license information or company information are suspiciousTherefore, let's avoid using it
For information on how to assess the reliability of overseas forex brokers based on their financial licenses, please refer to the "List of Financial Licenses for Overseas Forex Brokers."
Overseas Forex Comparison Point 2: Ease of Use of Copy Trading
The usability of copy trading varies depending on the overseas forex broker. When you're new to it, important to choose an overseas forex broker that offers a user-friendly copy trading system. Choose a broker that is transparent and easy to understand in terms of usage and fee structure.
There are three types of copy trading:
Three types of copy trading
- Copy trading available without registration → You can use it immediately with a regular account without doing anything.
- Copy trading that requires registration and account opening → A separate dedicated account must be opened or registration is required.
- Copy trading tools that require the installation of dedicated software → Register and log in to an external system to use them.
If you're new to copy trading, it's best to choose something easy to get started with. Try to select a copy trading platform that requires minimal effort and time, and can be used immediately. Furthermore, a broker with a low minimum deposit is also essential for copy trading beginners.
Overseas Forex Comparison Point 3: Number of Copy Trades
In addition to ease of use, the number of providers is also an important factor when comparing . Choose a broker with a wide range of providers.
Reasons why having more providers is better
• A large number of providers → A wider range of choices leads to an increase in users.
• A large number of users → A higher likelihood of attracting excellent providers.
• Many excellent providers → Higher probability of winning with copy trading

If there are few providers, the range of choices will also be limitedUser motivation is decliningYes. On the other hand, copy trading, which has a large number of providers, seems to be popular and attracts many people because it offers many options
Copy trading, which can attract a large number of followers, excellent providers , and consequently, the probability of winning also increases .
Try to choose a copy trading platform that is as active and popular as possible
Overseas Forex Comparison Point 4: High Leverage
In addition to the content of the copy trading, the best broker for you will also depend on the quality of service. When choosing an overseas FX broker, "leverage" is a particularly important factor .
The appeal of overseas forex trading lies in the high leverage (high leverage) that is not available in Japan. On average, leverage of 500 to 1000 times is common, allowing you to trade currency volumes at a much higher ratio than in domestic forex trading.
Leverage in overseas forex trading
- Maximum leverage of 500x trading amount → Margin of 10,000 yen × 500 = 5,000,000 yen worth of trading
- Maximum leverage of 2000x to 5000x, unlimited leverage
Some leverage of up to 5000 times, or even an incredible unlimited leverage , making them an unmissable feature for those looking to improve capital efficiency.
5. Points to consider when comparing overseas forex brokers: Bonuses and campaigns
Furthermore, bonuses and promotions are unique advantages of overseas forex trading, and are definitely something you should check out.
There are two main types of bonus offered by overseas forex brokers

Popular bonuses in overseas forex trading
• New account opening bonus → Receive margin without making a deposit (no-deposit bonus)
• Deposit bonus → You can receive 20% to 100% of your deposit as margin.
Thanks to the margin bonus, you can trade FX without making a deposit the margin you have to withstand a stop-loss order increases, which helps mitigate risk.
In particular, account opening bonuses are only available to new account holders, them especially beneficial for beginners in overseas forex trading . There's no reason not to take advantage of overseas forex bonus campaigns.
*However, since bonuses are often not applicable to copy trading, try discretionary trading first
The latest overseas forex bonus information is updated regularly on the Overseas Forex Latest Bonus Ranking page
Overseas Forex Comparison Point 6: Trading Costs such as Spreads
Next, when choosing an overseas forex broker, important factors to check are trading costs such as spreads and swaps . These costs are not charged as commissions, so they are often overlooked.
Trading fees for overseas forex are generally free, just like with domestic forex, for typical real accounts. However, even if the fees are free..The actual cost is calculated using spreads and swap pointsIt will cost money
Overseas forex trading has significantly different spreads and swap rates compared to domestic forex trading, so not being aware of these differences can lead to unexpected losses
Characteristics of spreads and swaps in overseas forex trading
- Overseas forex spreads → Even major currencies tend to have wider spreads.
- Swap points in overseas forex trading → Often deducted as negative swap points regardless of interest rate differences.
Spread list (TitanFX)

For example, while the spread for USD/JPY might be between 0.01 and 0.04 yen in domestic FX, it's not uncommon for it to exceed 0.1 yen in overseas FX. Major currency pairs like EUR/USD, AUD/JPY, and GBP/JPY generally also tend to have wider spreads , resulting in higher costs.
Furthermore, while many currency pairs in domestic FX offer positive swap points, it's rare to receive swap points in overseas FX. Generally, negative swap points are deducted , so you need to be careful.
In other words, the narrower the spread and the smaller the negative overnight swap, the lower the trading costs will be
Check out our overseas forex spread and fee comparison list
7. Key points for comparing overseas forex brokers: Check the execution rate and execution speed
Furthermore, it seems that many traders compare overseas forex brokers based on their execution rate and execution capabilities
This is a factor related to the spread that I explained earlier,If the execution power is weak, the spread will widen when an order is executedThis is a tendency. It's a phenomenon known as slippage
Relationship between execution power and spread
• High execution speed → Orders are more likely to be executed with narrow spreads.
- Low execution power → Prone to slippage and requotes
Choosing an overseas forex broker with high execution speed can minimize the cost of each individual trade . The spreads published by each broker are merely set values, and the execution of a trade is not determined by those values.
To keep spread costs down, high execution speed is essential. a broker with high-quality servers and liquidity providers (partner LPs) is crucial. A notable feature of overseas forex brokers with excellent execution speed is that they often recommend scalping.
*Liquidity providers are financial institutions that partner with each company. They provide exchange rates and handle actual buying and selling transactions
8. Choose based on Japanese language support when comparing overseas forex brokers
Another important point to keep in mind is the level of Japanese language support . Nowadays, most overseas forex brokers have Japanese-language websites or Japanese-language customer support, which is very convenient.
However, the availability of services that can be used entirely in Japanese varies depending on the provider . If you're comfortable with a little English, you don't need to worry too much, but if you're not comfortable with English, you should definitely check.
Japanese services to check out
- the official website 100% in Japanese?
member site available 100% in Japanese?
Japanese customer support available?
copy trading tool be displayed in Japanese?
Some overseas forex brokers offer customer service through translation. However, responses in Japanese may be delayed. Overseas forex brokers with a large number of Japanese traders tend to have more comprehensive Japanese customer service.
Based on all the checkpoints we've looked at so far, we'll thoroughly compare our "recommended FX companies that support copy trading" in the next chapter
[Copy Trading Compatible!] Recommended Overseas Forex Broker Ranking

Currently, there are about 15 well-known companies that offer copy trading services
From those options, we first selected five companies and thoroughly compared them .
The comparison items are as follows:
- Financial licenses and reliability
- Ease of use of copy trading
- Number of copy trades
- Maximum leverage
- Bonus Campaign
- Spread Swap
- Execution rate/ execution power
- Japanese support
[Easy Comparison Chart of 5 Recommended Copy Trading Companies]
▶You can scroll
| Itemrn | HF Market | Jade Forex | VPhotoage | TitanFX | Bing X |
|---|---|---|---|---|---|
| Reliability | |||||
| Ease of use of copy trading | No registration required | No registration required | Dedicated account | Dedicated app | The controls are somewhat difficult |
| Number of copy trades | 400 or more | 500 varieties and more | 70,000 types or more | unspecified | 2000 varieties or more |
| Maximum leverage | 2000 times | Unlimited | 2000 times | 1000 times | Low |
| bonus | Many events | Almost none | average | few | fulfillment |
| spread | Slightly spacious | Slightly spacious | Slightly narrow | Narrowest level | average |
| swap | Occasionally plus | Occasionally plus | Plus a little more | Plus a lot rn | Occasionally plus |
| Execution power | Occasionally, there are discrepancies or rejections | High speed and stability | Almost satisfied | Occasionally misaligned | Almost satisfied |
| Japanese support | Depending on the time of day | Depending on the time of day | Depending on the time of day | Depending on the time of day | Many translation services available |
Comparing the five companies that offer copy trading, HFM is the most well-balanced overall . Once you open a regular real account, you can easily set up copy trading without any further registration or installation.
If you prefer the fast and smooth trading of cTrader, choose Jade Forex; if you prioritize an overwhelming number of copy trading opportunities, then Vantage is the one for you.
TitanFX is a broker worth checking out due to its long track record in social trading. For those who want to trade cryptocurrencies, BingX is another option with its abundant promotions.
let's take a look at our recommended copy-trading FX brokers one by one in a ranking format
When considering using , be sure to check the overall evaluation in a comparison ranking of recommended overseas forex brokers
Top Recommended Copy Trading FX Account: "HFM" - A reliable and popular overseas FX account for copy trading!

Click here for details on HFM Copy Trading
- Copy trade name: HF Copy
- Number of copy trades: Over 400 types
- Supported accounts: Cent account, Premium account, Pro account
- Minimum deposit: 10,000 yen or more (varies by provider)
- Maximum leverage: 2000x
- Platform: MT4
The number one copy trading account is HF Market, a true veteran in the field . They have led the industry with high-quality services since the days when there were very few FX brokers offering copy trading.

HFM's Recommended Features
HF Market's strengths lie in its now-established reputation for reliability and proven track record . Founded in 2010, it has grown into a leading global firm with financial licenses in six countries
If you have an HFM Cent account, Premium account, or Pro account, you don't need to register for CopyTrading. You can easily get started .
The deposit amount varies depending on the provider, but some have low requirements and copying from as little as 10,000 yen . For cent accounts and premium accounts, there are no deposit amount requirements, which is a great advantage as it lowers the barrier to entry.

Copy trading commission: 20-35% (average)
While its spreads and execution speed may be slightly inferior to other companies, its deposit bonuses are almost always available, and exceptional perks can be expected depending on the time of year. , including its safety and diverse range of events . If you're new to copy trading, starting with HFM is highly recommended.
You can check HFM's customer reviews and reputation here
Opening an HFM account is more advantageous through cashback websites!
You can use cashback sites to open an HFM account. Most overseas forex brokers partner with one or more cashback sites. You can also open an HFM account through our website, "Money Charger (Manecha)"
Open an account through MoneyChat and receive cashback for every trade
Recommended Copy Trading FX Account #2: "Jade Forex" - Copy quickly and easily with cTrader!

Click here for details on AXIORY cTrader Copy
- Copy trading name: cTrader Copy
- Number of copy trades: 500 or more
- Supported account: No Limit account
- Minimum deposit: 1,000 yen (varies by provider)
- Maximum leverage: Unlimited
- Platform: cTrader
cTrader is with excellent usability, yet surprisingly little is known for it is a platform developed specifically for ECN accounts offers cTrader copy trading

AXIORY's Recommended Features
cTrader's copy trading is generally of high quality and is easy to use without registration if you have an account. While only a limited number of brokers offer a Japanese version, it is available at Jade Forex, which has recently started offering unlimited leverage
Jade Forex is a new overseas forex broker established in 2021. It holds a financial license from the Republic of Seychelles and is attracting attention for its highly transparent and easy-to-understand services focuses on low spreads and fast execution
Copy trading on cTrader is incredibly easy; one click from the platform's side menu . You can instantly access the list of providers.

Copy trading commission: 10-30%
cTrader might be the only platform where you can turn copy trading on and off from the standard platform
Many people may not be familiar with Jade Forex yet. Take this opportunity to read some customer reviews
It's a waste not to use MoneyChat to open an overseas forex account!
our website, "Money Charger (Manecha)," to get great deals on Jade Forex's copy trading . The more trades you make, the more cashback you receive, so it would be a waste not to use Manecha.
Withdrawal fees for accumulated cashback are free. The minimum withdrawal amount is low at 1,000 yen, so you can rest assured that you won't miss out on unnecessary cashback
Top 3 Recommended Copy Trading FX Account: "Vantage" - Choose from 70,000 different options for maximum satisfaction!

Click here for details on Vantage Copy Toledo
- Copy trading name: Vantage Copy Trading (dedicated app)
- Number of copy trades: Over 70,000 types
- Supported account: Copy trading account
- Minimum deposit: 50 USD (varies by provider)
- Maximum leverage: 1000x (2000x for premium accounts)
- Platform: Dedicated app
Now, Vantage, which we've selected as our third choice, is a relatively new FX company in Japan. Established in 2009, it only entered the Japanese market in 2020. Its headquarters are in Sydney, Australia. it holds a financial license from the Australian Securities and Exchange Commission (ASIC) , it is considered a highly reliable broker.

Vantage's Recommended Points
is undoubtedly its overwhelming number of providers over 70,000 registered providers, you can search through a vast number of options to find one that meets your criteria.
The minimum deposit is a relatively low $50, and its advanced copy trading features, such as fixed lot sizes, lot size scaling, position adjustments at the start of copying, and automatic multipliers, are attracting attention

Copy trading commission: 10% to 50%
Although the lack of information in Japanese is a drawback, the power of 70,000 copy trades gathered from around the world is certainly intriguing. They also seem to be running account opening and deposit campaigns
You can find reviews and opinions about Vantage in this article. Please refer to it for more information
Vantage is the top recommended overseas forex broker on cashback sites!
Vantage is that our cashback site, Money Charger (Manecha), is particularly focused on . As it is a relatively new player in Japan, there aren't many cashback sites that offer it. With our site, Moneycha, you can receive cashback at one of the highest rates in the industry.
Recommended Copy Trading FX Account #4: "Titan FX" - Earn money with its social-type smartphone app!

Click here for details on TitanFX Social Trading
- Copy trading name: Titan FX Social
- Number of copy trades: Unspecified
- Supported accounts: Blade, Standard, Micro
- Minimum deposit: 10,000 yen or more (varies by provider)
- Maximum leverage: 500x (1000x premium)
- Platform: Dedicated app, MT4, MT5
Next, at number 4, we introduce TitanFX, a company . TitanFX is an overseas broker with over 10 years of experience operating services for Japan, and a level of recognition comparable to XMTrading, HFM, and Axiory . It is highly regarded for its narrow spreads and execution rate, and is also popular for copy trading.

Recommended features of TitanFX
TitanFX a copy trading app called TitanFX Social . It's a community-based copy trading system that allows you to interact with traders worldwide. it's designed for smartphones , you can easily install and start using it.
various ideas, such as indicators and trading methods, can be shared , not just copy . Originally a social trading platform called Zulu Trade, it transitioned to its own proprietary copy trading system in 2021.

Copy trading commission: 0% to 50%
TiTanFX Social allows trading via a smartphone app and linked to three MT4 and MT5 accounts . You can manage your risk by setting your own lot size, leverage, and stop-loss levels.
While its strength lies in its execution capabilities utilizing the latest IT technology, primarily based on NY servers, it lacks servers in Japan, which can sometimes lead to instability. However, that it often offers positive swap points on major currencies .
What is the reputation of TitanFX in Japan? Please check the reviews and testimonials in the article below
Open a TitanFX account through a cashback website!
opening a TitanFX account through our website, Money Charger (Manecha) . TitanFX is one of the most popular overseas forex brokers on Manecha. Three account types are eligible: Blade, Standard, and Micro, and you'll earn cashback with every trade.
You can find instructions on how to open an account below
Top 5 Recommended Copy Trading FX Account: "Bing X" - Gaining Popularity in Cryptocurrency!

Click here for details on Bing X copycat trading
- Copy trading name: BingX Copy Trading
- Number of copy trades: Over 2000 types
- Supported accounts: Standard, Blade, Micro
- Minimum deposit amount: No specific requirement (varies by provider)
- Maximum leverage: 150x
- Platform: BingX platform
Coming in at number 5 BingX , a Singapore-based cryptocurrency exchange established in 2018. It handles over 1,000 different cryptocurrencies and already garnered over 20 million users boom. Copy trading is no longer limited to FX; rapidly expanding into the cryptocurrency industry, including BingX .

BingX's Recommended Features
While the exact number of copy trading providers offered by BingX isn't publicly disclosed, the list suggests there are around 2,000 different providers. With over 11 million users, the sheer scale of the service is evident.
In line with the characteristics of cryptocurrency trading, copy trading services offer a choice of providers for both spot and futures trading. boast thousands of followers,
Example of a provider's stock portfolio

Copy trading commission: 10% to 20% (10% is the average)
A key feature is that you can thoroughly check the provider's portfolio and trading methods with data and graphs. While long-term investments of 10 or 20 years are not yet available, you can experience copy trading with unique stock combinations at a low commission of around 10% .
We have also thoroughly investigated BingX's customer reviews and reputation on this site. Please be sure to check it out
With BingX, you can earn money at a particularly high rate!
also open a BingX account through our website, "Money Charger (Manecha)," with a simple procedure the industry's highest cashback rate applied, using "Manecha" makes it doubly advantageous.
How to Choose a Copy Trading Provider

So far, we've looked at recommended overseas forex brokers and accounts for copy trading. Next, we'll introduce the final step in copy trading: how to find a "highly skilled provider .
In this chapter, we will introduce how to choose a copy trading strategy that will generate solid profits
How to choose a copy trading platform: 1. Performance is steadily increasing
First, when choosing a copy trade, the key thing to look for a chart that shows an upward trend .
A key characteristic of a good provider is an "upward-sloping chart ." However, there are various types of "upward-sloping charts," and it's essential to check how they perform in the long term, medium term, and short term
a provider's trading performance charts for various periods, "All Time," "1 Week," "1 Month," "3 Months," and "1 Year ." The best-performing providers change depending on the time period. For example, HFM's charts also show deposit and withdrawal amounts, making it impossible to conceal profits and losses.
An example of performance showing a steady upward trend over one year

An example of steadily increasing performance over a 3-month period

On average, choose a provider that consistently delivers results over any given period . At the same time, researching specific time periods and checking their recent performance will help you find the best provider for your needs.
How to Choose a Copy Trading Platform 2. Profit Margin and Drawdown Rate
Next, the key factors in selecting a good copy trading strategy "profit margin" and "drawdown rate .
In the end,The important thing is how much you earnedThat's the point. Since they're copying it to make a profit,Check the total profit amountIt must be done. In addition, how much risk was taken to obtain that profit?"Drawdown rate"The key point is to observe that
- "High profit margin" → High profit
- "Low drawdown rate" → The maximum loss is small.
The image below shows an excerpt of HFM provider information. Similar data is available for most copy trading services. Let's check the operational status of the provider you're interested in
Examples of profit margins and drawdown rates

Examples of risk scores

- "Low risk score" → High safety
The risk score is calculated based on the drawdown rate, and a lower number indicates a safer investment strategy
How to choose a copy trading platform 3. Stable winning trades
also important to check whether the winning trade period is stable
Basically, even the most brilliant and talented traders will have wins and losses . That's because no one can predict the future. However, even if losses occur, if wins are consistent and continue for a long period, then even if losses occur, future profits can be expected.
The image below shows the profit and loss chart for a copy trading provider using Jade Forex (cTrader). While this chart shows some downward fluctuations, it quickly reverses to an upward trend , ultimately demonstrating a consistent profit.
Examples of profit and loss charts fluctuating up and down

Examples of profit and loss charts fluctuating up and down

On the other hand, this chart shows a prolonged period of losses and unstable winning trades . Profits are stagnating, indicating a risky situation. Let's look at the profit and loss chart with different time periods and find winning trades where the upward trend line is stable.
How to choose a copy trading service 4. The number of trades matches your needs
Furthermore, the number of transactions can also be used to infer the provider's methods and skills.
You can check various trading data from the provider's details page. Since each provider uses a different trading method, there will be significant differences in the number of trades and the number of winning and losing trades
"Frequent trading" → While it's possible to aim for profits in a short time, the risk of losses also tends to be higher.
"Few transactions" → While it's difficult to see changes in profit and loss, it has the advantage of being relatively easy to leave unattended.
Examples of provider performance data

The image above shows the trading performance data for 90 days that I happened to find using cTrader's copy trading feature. a rare pattern with a perfect record of 293 wins . Furthermore, you can also check the trading history to see what kind of trades were being made.
In this provider's case, it appears they are making small profits on a large number of stocks
Example of a provider's transaction history

There's no point in copying accounts with extremely low trading frequency. An ideal pace is neither too many nor too few trades. Check how often the trades are being made and how much profit they are generating.
How to choose a copy trading platform 5. Look for one with a large number of followers
Furthermore, the number of followers is also an indicator that a good provider will look for
It's difficult to generalize, as there are some hidden gems, butProviders that continue to incur losses are less likely to retain their employeesdo notIt seems soThe better the provider, the more likely their followers are to stayThe more followers you have, the more effective it is at attracting customers, creating a positive cycle
Initially, it's best to avoid providers with a small number of followers. Once you're more familiar with the platform, you can try searching for hidden gems
How to Choose a Copy Trading Service 6. Choose from Rankings
Another way to choose an internet provider is by looking at rankings.
provider ranking statistics are publicly available regardless of the broker . As a starting point for finding a provider, it's a good idea to start by researching those at the top of the rankings.
For example, BingX's copy trading platform displays rankings up to 100th place for the past week. HFM and AXIORY, on the other hand, allow you to change the time period for displaying rankings. Try using the search tools included in copy trading tools to help you choose a provider
How to Choose a Copy Trading Service 7. Choose Based on Customer Reviews and Testimonials
You can also refer to reviews and testimonials from CopyTrade
reviews and comments about specific copy trading stocks through social media and internet searches . You can also sometimes find information about reputable providers on X (formerly Twitter). It seems that some providers even post reports on their own trading performance.
However, some of the information may be questionable, so please be careful not to take everything at face value
FX Copy Trading [Frequently Asked Questions (Q&A)]

Finally, here's a summary of frequently asked questions about FX copy trading
Please use this as a reference when starting copy trading
Is copy trading in FX illegal?
Using overseas forex copy trading services in Japan is not illegal . However, some copy trading services within Japan are considered illegal.
This is because, in Japan, providing discretionary trading services to clients requires a license as an "investment advisor and agent."It is illegal for unregistered businesses (individuals) in Japan to offer copy trading services without the proper qualificationsThis is the result. The provider cannot be verifiedCopy trading scamSince it is also circulating, you must be very careful
The legality and potential fraud of FX copy trading are explained in detail in "What is FX Copy Trading?"
What are MAM and PAMM in FX?
MAM (Multi-Account Management) and PAMM (Property Account Management) investment management services offered by overseas forex brokers . Users can entrust their asset management to MAM or PAMM. The structure is similar to mutual fund investments offered by banks and securities companies.
In MAM , fund managers manage investments using the user's account. In PAMM , a service where a certain amount of money is deposited and all investment management is entrusted to a fund manager.
These products are not suspicious,Scams using the names MAM and PAMM via social mediaThis has been reported. It is best to avoid solicitations via social media as much as possible
The differences between MAM/PAMM and other automated trading services and copy trading "What is FX Copy Trading?" . Please refer to that as well.
Is copying signals on MT4/MT5 considered copy trading?
MT4 and MT5 signal copying is a type of copy trading . Like automated trading EAs, it can be downloaded and used from the MQL5 marketplace. Copy trading is sometimes called signal trading, and there is no significant difference between the two.
Signal trading can be inserted into the trading screen by anyone using MT4 or MT5, but the system is somewhat complex, so copy trading provided by brokers is easier and recommended.
Is copy trading possible with domestic FX brokers?
Currently, there are no domestic FX brokers that offer copy trading . While some brokers previously offered copy trading called "Mirror Trader," most have shifted to programmed automated trading.
Copy trading can be considered a unique FX service offered by overseas FX brokers
How much can you make with copy trading?
The amount you can earn through copy trading the provider's trading skills and your own deposit amount and lot size, so it's impossible to say definitively. For example, if you assume you traded with the exact same deposit amount and lot size as the provider, the publicly available trading history can be a useful reference.
If you're trading with less capital and smaller lots than a typical provider, the profit margin can be a useful reference
How much capital is needed for copy trading?
for copy trading varies depending on the provider . For small amounts, it can range from 10,000 to several tens of thousands of yen. For higher-end options, it can range from 200,000 to 300,000 yen, and some require over 1 million yen.
Since you can adjust the lot size and select providers according to your own capital, try copy trading within a reasonable range
How much are the fees for copy trading?
Copy trading fees typically range from 10% to a maximum of 50% of no commission fees will be charged .
*BigBoss copy trading requires an initial fee
Can I stop copy trading at any time?
Yes. stop copy trading by unfollowing . Following starts the copy trading process. Unfollowing stops the copy trading. You can stop it at any time you like.
Is it possible to register as an internet service provider?
possible to register as a signal provider for copy trading . However, some brokers high minimum deposit requirements and may require submission of trading history. Traders who can publicly demonstrate their track record have a good chance of earning money as a provider.
Which providers allow me to register with them?
Most overseas forex brokers that offer copy trading also the copy trading page of their official website : one for followers and one for providers. Please refer to the overseas forex brokers introduced here when registering as a provider.
Summary: Start by trying copy trading with a small amount of money!

In this article, we introduced some recommended overseas forex brokers that you might want to use for copy trading
When comparing brokers, key points to consider include whether they hold a financial license, the ease of use of their copy trading platform, the number of copy trading options available, leverage, bonuses, and spreads . The important thing is to check whether you can get a safe and advantageous trading environment.
your first copy trading experience, HF Market, with its proven track record and reliability, is a safe choice as information is readily available . Once you're more comfortable, feel free to try other recommended brokers as well.
Furthermore, using cashback sites is a popular way to open an overseas forex account. opening an account through our website, "Money Charger (Manecha) ," you can accumulate cashback with every trade. Please take advantage of this in conjunction with copy trading.