With FX copy trading,even beginners who can't analyze charts can replicate the trades of professional traders. But even if you're eager to try it,you might be unsure which copy trading account is best.
"Which copy trading account is the best?" "Will I make the same profit with any overseas FX account's copy trading service?" "Is there a comparison ranking of FX brokers offering copy trading?"
This time, we checked and compared each overseas forex broker that offers copy trading on their official websites . Based on the latest information on safety, ease of use, fees, and more, we will introduce our recommended brokers in a ranking format
Conclusion | Key Points of FX Copy Trading
- Copy trading is a system that automatically replicates the trades of a selected trader (provider) into your own account. Unlike EAs (Expert Advisors), it doesn't require running a PC or VPS 24/7, and can be started and stopped with a single click of a follow button.
- The feestructure is predominantly performance-based, meaning fees are only incurred when a profit is made, typically ranging from 10% to 50% of the profit(set by the provider). No fees are paid in the event of a loss.
- HFM , which has officially stated conditions and allows you to try it from $10, is ranked number one overall. If you want to use your existing account , TitanFX is a good choice , and if you prefer the ease of use of cTrader, JadeFOREX is a good option . The golden rule is to start with a small amount, around $1 to approximately $625.00.
*This article was created by the MoneyCharger editorial team in accordance with our content creation policy , by individually checking the availability, fees, and supported platforms of copy trading services on each broker's official website (as of August 2026). Service details and fees may change, so please be sure to check the latest information on each broker's official website. Copy trading does not guarantee principal and losses may occur. For precautions regarding the use of overseas FX brokers, please also check the information published by the Financial Services Agency , and for consumer troubles, please check the information published by the Consumer Affairs Agency
If you're worried that "copy trading is a scam," please also read "How to Spot Copy Trading Scams," which provides a detailed explanation of the methods used and how to identify them
How to do and get started with FX copy trading
To start copy trading, you will 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.
The steps to start copy tradingare 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 easy for FX beginners who can't analyze charts to get started. 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 have some emergency funds set aside in case of unforeseen circumstances, and then start by trying it out with a small amount
The appropriate initial deposit for copy trading is approximately $62.50 to $625.00. 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
❷ Open an overseas FX account that supports copy trading
Once you've decided on the amount of capital to invest, the next stepto open an overseas forex account that supports copy trading.
There are three main types of accounts used for copy trading. The process of getting started varies depending on the type, so be sure to check beforehand
| Account type | How to get started | time and effort | Examples of relevant companies |
|---|---|---|---|
| Can be used as a regular account | Once you open a real account, you can start using it immediately from the member page | ◎ The easiest | JadeFOREX(operated on cTrader) |
| Open an additional dedicated account | After opening a regular account, add a dedicated copy trading account | 〇 Requires an extra step | HFM |
| Install the dedicated app | Install the dedicated app and link it to your existing account | 〇 App installation is required | TitanFX (Titan FX Social) |
If you're trying copy trading for the first time, the easiest options are a type that you can use immediately with your regular account , or one that only requires adding a dedicated account
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 funds as possible .
Also, copy tradingThere have also been actual reports of people being victims of investment fraudBefore making a deposit,See "Checkpoints for Identifying Fraud and Counterfeit Goods" belowPlease be sure to read this
❹ Install (register) a copy trading system
After depositing funds into your account, the next stepif you need to install the copy trading tool. Instructions for installation are available on the official website or member site.
For example,HFM, if you have a real account, with you can start using it simply by adding a copy trading account from the member page
Some require the installation of a dedicated app, so be sure to check beforehand
❺ Choose a provider to copy from and start the transaction
Once you're ready,select your provider and start copy trading. Provider information is available on the copy trading page.
Normally, a list of providers is displayed, and you can click on one that interests you to see details.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 success fee?Make sure to check the total cost to determine what the final cost will be
- Follow → Copy trading starts
- Unfollow → Copy trading has been suspended
Furthermore, the discretionary trading strategies of professional traders are directly reflected on your own trading screenTo stop following, undo the "Follow" buttonIt's very simple, as all you have to do is select several candidates first and then compare them to make your choice easier
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 herechoosing the right FX broker and account.
Even with copy trading, the number and types of providers vary depending on the overseas forex broker you choose. Next, we will explain the 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 not registered as financial instrument business operators in Japan. Therefore, the Financial Services Agency's list of "entities conducting financial instrument business without registration" broadly includes overseas forex brokers, including major players . This is a fact of the industry structure and does not mean that being listed means fraud (this point will be explained in more detail later in the section on how to identify fraud )
The factors to consider arewhether the company has obtained a financial license in its home countryandwhether it makes its company information public.
Financial licenses for overseas and domestic forex trading
・Domestic FX financial licenses → All domestic FX brokers are licensed by the Japanese Financial Services Agency.
-Overseas Forex Financial License → Obtaining a license from the financial authorities in the country where the company is based.
Most overseas forex brokers, on their official websitesFinancial license acquisition status and company informationIt is publicly availableAvoid companies that do not disclose license information or company information
The method for assessing reliability based on financial licenses is explained in "List of Financial Licenses for Overseas Forex Traders."
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 based on the ease of use of their copy trading system. Choose a broker with high transparency and a clear, easy-to-understand system regarding usage and fee structures.
If you're new to copy trading, it's best to choose something that's easy to get started with.the three account types mentioned earlierand choose one that requires as little effort as possible to get started. Furthermore,a broker with a low minimum depositis also an essential requirement for copy trading beginners.
Overseas Forex Comparison Point 3: Number of Providers and Ease of Searching
In addition to ease of use,the ease of finding a provideris also an important factor when comparing copy trading services.
Reasons why having more provider options 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 → Easier to find an operator that meets your requirements
It should be noted that very few companies officially disclose the total number of providers . Since figures such as "more than XX people" often lack a clear source, the most reliable way to judge is to actually open an account, view the list screen, and see how easy the filtering and ranking functions are to use
Overseas Forex Comparison Point 4: High Leverage
When choosing an overseas forex broker,leverage is a particularly important factor. The appeal of overseas forex lies in the high leverage that is not available domestically.
However, there are some points to noteIn some cases, the leverage for copy trading accounts is set lower than that of the broker's regular accountsFor example, withHFM, a regular premium account offers a maximum leverage of 2,000x, while a copy trading account offers a maximum leverage of 1,000x
Make sure to check the leverage offered by your copy trading account , not the maximum leverage offered by the broker
5. Points to consider when comparing overseas forex brokers: Bonuses and campaigns
Furthermore,bonuses and promotions are unique advantages of overseas forex trading.
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.
however,Some brokers do not allow the use of bonuses or credits in copy tradingFor example, XMTrading's copy trading is only applicable to funds you have deposited yourself. If you are choosing a platform for the bonus, be sure to check whether it can be used for copy trading
The latest overseas forex bonus information is updated monthly on our Overseas Forex Latest Bonus Ranking page
Overseas Forex Comparison Point 6: Trading Costs such as Spreads
Next,the trading costs, such as spreads and swaps. These are often overlooked because they are not explicitly stated as fees.
Copy tradingincurs the same spreads and fees as regular trading, in addition to the success fee paid to the provider. The more trades you copy from a provider, the greater this burden becomes.
Furthermore,by using a cashback site in conjunction with this, a portion of the spread will be refunded, effectively offsetting the burden of the success fee. This is a good combination for copy trading.
Check out our overseas forex spread and fee comparison list to find the best brokers
7. Key points for comparing overseas forex brokers: Check the execution rate and execution speed
Furthermore, many traders compare overseas forex brokers based on their execution rate and execution capabilities
In copy trading, there is a slight time lag between when the provider's order is executed and when it is replicated in your accountIf execution power is low, this time lag is likely to cause discrepancies in performance with the provider。
Relationship between execution power and copy accuracy
•High execution power → Easily replicated at a price close to that of the provider.
-Low execution speed → Prone to discrepancies between the provider's performance and slippage.
Especially when copying a provider with a high volume of transactions, it is crucial to choose a provider with high-quality servers and liquidity providers (partner financial institutions)
8. Choose based on Japanese language support when comparing overseas forex brokers
And another important point to keep in mind isthe level of Japanese language support available.
The extent to which services are fully available in Japanesevaries depending on the provider. In particular, with copy trading,even if the main website is in Japanese, the copy trading screenmay be in English, so caution is advised.
Japanese services to check out
- Is the official website in Japanese?
Is the member site available in Japanese ?
Japanesecustomer supportavailable?
Can the copy trading screen be displayed in Japanese ?
Some overseas forex brokers, while previously offering Japanese language support,now discontinued providing Japanese websites. It's a good idea to check for yourself whether the Japanese page is actually displayed before opening an account.
The support hours and channels for Japanese language support offered by each company are compiled from officially confirmed information in " A Thorough Comparison of Japanese Language Support at Overseas Forex Brokers ."
Based on the checkpoints we've looked at so far, we'll compare recommended FX brokers that support copy trading in the next chapter
Top 5 Recommended FX Copy Trading Brokers [August 2026 Edition]
From here, we will introduce overseas forex brokers that support copy trading in a ranking format
The selection criteria for this copy trading ranking are: ① whether it is available in Japanese, ② whether fees and conditions can be checked on the official website, ③ whether a dedicated account is required (ease of getting started), and ④ whether it can be used in conjunction with cashback offers. All specifications were confirmed on each company's official website as of August 2026
We have not included figures that have not been officially released. Figures such as "Number of providers: over XX" and "Minimum price: XX yen" could not be officially verified for any of the companies surveyed. Items that could not be confirmed on this site are clearly marked as "Confidential."
| Contractor | Service Name | Supported Environments | Dedicated account | success fee | Minimum investment amount |
|---|---|---|---|---|---|
 1st place HFM | Copy trading (formerly HFcopy) | MT4/MT5 HFMapp | need | Up to 50% (only when a profit is made) | Cent Account: $10 - Premium $25 / Pro $100 |
 2nd place TitanFX | Titan FX Social | Dedicated app (Web version) | Not required (link existing account) | private | private |
 3rd place JadeFOREX | cTrader Copy | cTrader (PC/Smartphone) | Recommended (maximum 10 accounts) | Settings are available for each strategy (some strategies are free). | Set for each strategy |
 4th place XMTrading | XMTrading Copy Trading | Member- only screen | need | Profit sharing method (percentages are not disclosed) | private |
 5th FXGT | Copy trading (starting September 2025) | My Page is MT5. | need | 10〜50% (Officially stated) | private |
If you're unsure,The conditions are clearly stated, andHFM can be tried with a small amount of moneyThis is the safest option. If you already have an overseas forex account and don't want to open another one,TitanFX does not require a dedicated accountLet's choose this one
1st Place:HFM| Conditions are officially stated and you can try it starting from $10
HFM(formerly HotForex) copy tradingone of the few services that clearly states its fees and minimum investment amount on its official website. Because the conditions are known in advance, it's the easiest option to recommend to beginners.
| item | Content |
|---|---|
| Service Name | Copy trading (formerly known as HFcopy) |
| Minimum investment amount | Cent Account $10 / Premium Account $25 / Pro Account $100 |
| success fee | Maximum 50%. Only applies if a profit is made. |
| Management fee | none |
| Maximum leverage | Copy trading accounts have a 1:1000 ratio(common to all account types). |
| Supported Environments | MT4/MT5/HFMMobile App |
| account | A dedicated account for copy trading is required (existing accounts cannot be used) |
The success fee rate isset by the provider when you open your account and cannot be changed afterward. There's no need to worry about it being arbitrarily increased later; the conditions at the time you start copying remain the same.
Leverage Notes:HFM's Pro, Premium, and Cent accounts offer a maximum leverage of 1:2000, but thisthe specification for standard accounts.Copy trading accounts have a leverageof 1:1000, and dynamic leverage does not apply. You may see descriptions stating that "HFMallows copy trading with 2,000x leverage," but this is incorrect.
Additionally, you can create up to 10 follower accounts and up to 5 provider accounts. However,each follower account can only copy one provider at a time. If you want to distribute to multiple providers, you will need to create an account for each provider.
The registration procedure for HFM's copy trading is explained in HFMCopy Trading Registration Procedure , and the account opening process is explained in HFMAccount Opening Guide
2nd Place: TitanFX | No dedicated account required; everything can be done through the app
of TitanFX's "Titan FX Social"that you can start using it by linking it with your existing MT4 or MT5 account. There is no need to create a new account specifically for copy trading.
| item | Content |
|---|---|
| Service Name | Titan FX Social (provided by Pelican Trading) |
| account | No dedicated account is required. Link your existing real account via account linking. |
| Supported Environments | Dedicated app (iOS/Android) + Web version.18 languages including Japanese. |
| Maximum leverage | 1,000x leverage (2,000x leverage for micro accounts under certain conditions) |
| success fee | Not officially stated (not publicly available) |
| Minimum investment amount | Not officially stated (not publicly available) |
There are several copying methods to choose from, one of which is the "mirror" method, which replicates the same batch as the provider . There isn't a separate service called "TitanFX Mirror Trading"; it's positioned as Titan FX one of the copying methods within Social
Important Note Regarding Fees:The official FAQ states that "10% of the success fee will be deducted as an administrative fee for TitanFX copies, and 25% for copies from other brokers." This isthe fee that TitanFX deducts from the provider's commission, andis not the actual percentage of the success fee you pay. Please check the actual percentage on each provider's screen.
Please note that TitanFX's free VPS isa separate service for EAs (automated trading systems)andTitan FX is unrelated to
For TitanFX's reputation and user experience, please see TitanFX's reviews and testimonials . For information on how to open an account, please see TitanFX's account opening guide
3rd Place:JadeFOREX| Can be run on cTrader and offers free strategies
JadeFOREX'sits ability to directly utilize the copy function built into cTrader. Unlike MT4/MT5 EA automated trading,it doesn't require a 24/7 running PC or VPS.
| item | Content |
|---|---|
| Supported Environments | cTrader (PC and smartphone app) |
| account | Up to 10 accounts can be opened. Accountscan be separated for discretionary trading and copy trading. |
| commission | Each strategy has its own set of fees: "management fee / success fee / volume fee."Some strategies are available for free. |
| operation | Select a strategy from the app's "Copy" function, enter your investment amount, and start. You can also stop it at any time |
Feesvary depending on the strategy, so be sure to check the three types of fees in the "Strategy Details" before starting to copy it. While some strategies are free, others have higher success fees.
Please also see the JadeFOREXCopy Trading Registration Procedure, which explains everything from opening an account to starting copy trading with smartphone screenshots . Cashback conditions can be found in the " How to Receive JadeFOREXCashback" section
4th Place: XMTrading | Highest name recognition, but bonuses cannot be used
XMTrading also has its own service called "XMTrading Copy Trading." This service is operated through a dedicated screen within the member's page and is not a function within MT4 or MT5 itself.
| item | Content |
|---|---|
| Supported Environments | Dedicated copy trading screen within the XM member page |
| commission | Profit-sharing scheme.Percentages are not disclosed. |
| Maximum leverage | 500:1 |
| bonus | Credit bonuses cannot be used(only funds deposited by the user are eligible). |
| others | Negative balances can be reset |
You cannot start copy trading with XM's account opening bonus.XMTrading copy trading is only available with funds you have deposited yourself. If you see any descriptions that say "start copy trading with zero capital using a bonus," assume that is incorrect.
Also, the list of strategies displayed on XM's official websitea sample display, not actual data(the same order is repeated). Please be careful not to take the listed returns as actual results.
A detailed overall review of XMTrading can be found in the XMTrading reputation and customer reviews section
5th Place:FXGT| A newcomer launching in September 2025, but its fees are officially disclosed
FXGTislaunched copy trading on September 16, 2025.While it lags behind other companies in terms of accumulated trading performance,that officially discloses its performance fee rate range.
| item | Content |
|---|---|
| Start time | September 16, 2025 |
| Supported Environments | FXGTMy Page (Member Portal). Copying side usesMT5, provider side uses MT4/MT5. |
| success fee | 10〜50％(Set by the provider. Cannot be changed after creation.) |
| Payment of compensation | Transfer to your eWallet weekly or monthly |
| Minimum investment amount | Not officially stated (not publicly available) |
the party copying thedata will need an MT5 account. If you only have an MT4 account, you will need to open an additional MT5 account.
Not ranked: Companies that could be an option if the conditions are met
There are other companies offering copy trading services besides the top five. However,their services are sometimes offered in a unique way or are difficult for Japanese users to use, we will introduce them separately from the rankings.
| Contractor | Service Form | Points to note |
|---|---|---|
| ThreeTrader | Copy trading (Tool name: "HUBx") | Relative type. Instead of selecting from a list, you find the master yourself, provide the ID, and start once approved. |
| Monaxa | Copy trading (Master/Follower) | A Japanese-language page is available. Activating a follower account requires$100 or 1,500 USC (approximately $15). |
| IS6FX | Mirror trading (member page) | It is by invitation only. The official statement says, "It is not primarily intended for residents of Japan." |
| BingX | Cryptocurrency copy trading | This applies to cryptocurrencies , not forex . The nature of their price movements is significantly different. |
ThreeTrader's relative trading model is fundamentally different from others. If you open an account with the typical image of copy trading where you "choose a good provider from a ranking," you'll likely be disappointed. Think of it as a system designed for people who are already connected with trusted traders.
[Caution] These companies are often advertised as "copy trading compatible," but in reality, they are unusable
During the investigation,Examples of companies being listed as "supporting brokers" even though they don't actually offer copy tradingMultiple instances of this were found. These are cases where outdated information continues to be reposted
| Contractor | Actual situation (as of August 2026) |
|---|---|
| Exness | Copy trading was completely discontinued on June 26, 2026.All positions were forcibly closed at the time of discontinuation. It is no longer offered. |
| AXIORY | We do not offer our own copy trading service . We also do not provide "cTrader Copy." Our alternative is MQL Signals (a third-party service from MetaQuotes). |
| BigBoss | No copy trading . Only MAM/PAM is available, which is a separate service. |
| Vantage | The service itself exists, butthe Japanese website is currently down. There is no Japanese version of the copy trading page, and it is not currently available for Japanese users. |
| FBS | CopyTradewas discontinued on September 22, 2022.The description "Mirror trading from approximately $62.50, up to 3,000x leverage" was likely a confusion with the specifications of a typical FX account. |
Always verify information such as "XX supports copy trading" on the official website.In particular,Exnesswas discontinued in June 2026, yet there are still articles that list it as a "supported broker." There are also many examples of MAM/PAM and MQL signals being presented as "copy trading."
7 ways to choose a copy trading provider
Once you've chosen a broker, the next stepselecting whose trades to copy (choosing a provider). The success of your copy trading is largely determined at this stage.
First, we've compiled a list of items to check and theircorresponding benchmark values. Please check them in this order when you open the provider's details screen.
| Checklist | Points to look at | guideline |
|---|---|---|
| ① Operation period | When did it start being used? | A minimum of one year of experienceis required. A few months of experience only represents experience in one market phase. |
| ② Performance | Shape of the asset curve | A gentle upward slope to the right.Be careful of sharp, straight lines. |
| ③ Maximum drawdown | How much unrealized loss did I incur? | Is it within my tolerance level?I look at that before considering profit margins |
| ④ Profit margin and due diligence ratio | The magnitude of losses relative to returns | Is the profit margin clearly exceeding due diligence? |
| ⑤ Number of transactions | Frequency and profit per session | Is it worth the spread and fees? |
| ⑥ Win rate | Isn't it too expensive? | The closer your win rate is to 100%, the more dangerous it is(see below). |
| ⑦ Fees | Success fee/management fee rate | Always check before starting.Many companies do not allow changes afterward. |
Selection Method 1: Performance "gradually" improves steadily
The provider's screen will always display a graph showing the trend of your assets . What you should look at here is not whether your assets are going up or down, but how they are going up .
The graph abovethe trend over approximately one year. While there were small ups and downs along the way, the overall trend is upward. Because it goes through a period where the market moved both up and down, thispattern is likely to be repeatable.
On the other hand, this one,The horizontal axis represents just about two weeksThat's it. The rate of increase looks high,We cannot rule out the possibility that the market was simply in our favorThese types of graphs often rank highly,Always check the horizontal axis (time period)Please do so
Selection Method 2: Look at the drawdown rate before the profit margin
One of the most easily overlooked aspects of copy tradingthe drawdown (DD) rate. This figure shows "how much your assets decreased at their maximum during the trading period," andit can be used to determine whether you can mentally withstand such risks.
The left side shows a negative profit, while the right side shows a large positive profit, butthe drawdownis approximately 20% in both cases. This shows that the results are diametrically opposed despite taking the same 20% risk.
Understanding Drawdown Rate
- Copying a provider with a 20% drawdown at approximately $625.00 → This can result in a temporary unrealized loss of approximately $125.00.
If you stop at that point because you can't endure it, you'll only end up with a guaranteed loss.
In other words, the priority should be " Can I withstand the due diligence? " rather than "Is the profit margin high? "
Selection Criteria 3: The period of winning trades is stable
Switching the display periodreveals weaknesses that weren't visible in the short term. Many providers allow you to switch between "1D/1W/1M/3M/6M/1Y/All".
Please be sure to switch to "All (for the entire period)" before making a decisionSome companies only show a short period of time initially, meaning that if you leave it as is, you'll only be shown the positive aspects
Selection Criteria 4: The number of trades and the profit per trade are balanced
When you open your transaction history, you can see for each transaction which currency pair was traded, how many lots were used, and how much profit was made
What we need to check herethe frequency of trades. The more trades you make, thethe spread burdenincreases.traders who make small profits per trade but trade frequently, costs tend to eat into their profits.
Selection Tip 5: Be suspicious of providers with excessively high win rates
It may surprise you, butyou should be especially careful with providers that have a win rate close to 100%.
In this exampleAll 293 trades were winsHowever,The average profit is 24.80 eurosIt remains at that point. The fact that there are no losing trades means thatThey might be holding onto unrealized losses and waiting for the price to recover, rather than cutting their lossesThere is
This is what's known as the "slow and steady wins the race, then a huge loss" type of strategy . While small profits are being accumulated, the performance looks good, but a single unexpected price movement can wipe out all previous gains. Instead of focusing on the win rate, check the maximum drawdown and average trading time
Selection Method 6: Use rankings as an "entry point."
Many companies provide rankings of providers based on factors such as ROI (Return on Investment).a convenient starting point for narrowing down your choices, it's risky to make a decision based solely on this.
The top-ranked providers include some that are relatively new and whose numbers are currently rising due to chance . It's best to select a few from the top-ranked providers and then narrow it down to one each based on selection criteria 1-5
Selection Method 7: Also consider risk score and follower count
Some providers display a risk score that quantifies the volatile nature of their transactions
A lower number indicates a more stable operation in response to price fluctuations.The number of followersis also a useful indicator, as it shows that many people have entrusted their funds to the fund, suggesting that it has been managed properly for a certain period of time.
however,Both the risk score and the number of followers are figures calculated and compiled by the vendor according to their own standardsTherefore, please use this only for relative comparisons within the same company, as it cannot be directly compared with other companies
Checkpoints to identify copy trading scams and fakes
As evidenced by the high number of searches for terms like "copy trading scam" and "copy trading legitimate,"solicitations and scams involving copy trading are indeed occurring. Here, we will summarize how to distinguish between legitimate and fraudulent schemes based on information published by public institutions.
How to correctly read the Financial Services Agency's list of "unregistered businesses"
The Financial Services Agency saidRegarding the names, etc., of persons conducting financial instruments business without registrationThey publish a list of such businesses. While it's sometimes explained that "you should avoid businesses listed on this list,"This doesn't reflect the reality when it comes to overseas forex trading。
Facts confirmed on this site
investigated in this articleare listed by the Financial Services Agency of Japan. As a general rule, businesses that are not registered as financial instruments business operators in Japan are included in the list, sostructurally, almost all overseas forex brokers are listed.
In other words, " being on the list " does not mean "it's a scam." Conversely, " not being on the list " does not mean "it's safe." It's important to understand that this list is not a list of fraudulent businesses, but rather indicates whether or not they are registered
As long as you use overseas forex brokers,they are not subject to supervision or compensation by the Japanese Financial Services Agencyremains unchanged. Therefore, you will need to make your decision based on the licensing status in the country of origin and the level of disclosure of company information (Comparison Point 1).
Actual damage is occurring through "solicitation by a third party."
According to the warning cases published by the Financial Services Agency, the damages related to copy trading and automated FX tradingnot caused by the companies themselves, but rather by the solicitation schemes of third parties involved. The typical flow is as follows:
| step | Modus Operandi |
|---|---|
| ① Solicitation | They approach people through social media or acquaintances, promising "profits without doing anything," and thenget them to buy automated FX trading software. |
| ② Open an account | You will be instructed to open an account with a designated overseas broker. |
| ③ Submission of power of attorney | You will be required to submit a "Limited Power of Attorney" which authorizes the other party to make investment decisions. |
| ④ Unable to withdraw money | Unable to withdraw funds even though there is a balance in the account. |
If you are asked to submit a Power of Attorney (POA), stop immediately. In legitimate copy trading, you should never need to hand over control of your account to a third party. It is normal to be able to log into your own account and stop it at any time at your own discretion
Cases have also been reported where PAMM accounts or managed accounts were used as guise. In addition, a case published in July 2026 used the service name " Mirrox, " which is reminiscent of mirror trading. Even if the service name sounds legitimate, it is impossible to judge without checking the actual situation .
Checklist for Identifying Dangerous Copy Trading Scams
| Danger signs | Legitimate copy trading |
|---|---|
| You will be asked to submit a power of attorney and bank account information. | I will be the only one to manage the account. No delegation is required |
| Individuals and groups specify where they want to open an account. | You choose the service provider yourself. You can open an account directly from their official website |
| Make them pay the software fee and participation fee in advance | The only costs are the fees that can be viewed on the vendor's screen, such as success fees. |
| "You absolutely won't lose money," and "A guaranteed monthly return of X%." | The possibility of loss is clearly stated |
| Information is only available through social media and chat groups | The vendor's official website has a features page |
| Avoid explaining withdrawal methods and conditions | The withdrawal procedure is described on the official website |
If you're unsure, the most reliable way to decide is to check if the broker's official website has a page dedicated to copy trading . All the brokers featured in this ranking have a dedicated page for this feature on their official website, and you can start and stop it yourself from your account screen.
If you are already involved in trouble,the Consumer Hotline "188"or the Financial Services Agency's Financial Services User Consultation Office. The National Consumer Affairs Center of Japan has also published cases of consultations regarding troubles with FX trading solicited through investment groups on social media.
Details of the five patterns of fraud, examples of warnings from the Financial Services Agency, and how to deal with being a victim (account freezing, the Law for Relief of Victims of Wire Transfer Fraud) are explored in depth in " Copy Trading Fraud Methods and How to Identify Them."
Frequently Asked Questions about FX Copy Trading
What is copy trading? (Meaning of copy trading)
This system automatically replicates the trades of other traders (providers) in your own account . If a provider buys, your account will also buy, and if they close their position, your account will also close its position.
Unlike EAs (automated trading systems),there's no need to set up a program or keep your PC running 24/7. Your funds remain in your own account, and you can stop trading at any time at your own discretion.
What is the difference between mirror trading and copy trading?
In practice, they are used with almost the same meaning. Strictly speaking,mirror trading refers to a method of directly replicating the provider's trades with the same lot size, and is positioned as one type of copy trading.
For exampleTitan FX Social , offersIS6FX), so "Mirror Master Size" (same lot size as the provider) as one of its copy methods. Some brokers use "Mirror Trading" as a service name (such as judge by the content rather than the name
Is copy trading in FX illegal?
There is no law prohibiting individuals from using copy trading services offered by overseas forex brokers . However, because overseas forex brokers are not registered with the Japanese Financial Instruments and Exchange Act, they are not subject to the supervision of the Financial Services Agency or the domestic compensation system .
The problem isn't using the service provider itself, butthe solicitation scheme involving a third party.Being asked to submit a power of attorney is not normal.
What is the difference between MAM/PAMM and copy trading?
MAM/PAMMwhere funds are deposited collectively into an account of the fund manager and managed in a lump sum. Profits and losses are distributed according to the investment ratio.
| item | Copy trading | MAM PAINCA |
|---|---|---|
| Where to put the funds | My account | It will be consolidated into the fund manager's account |
| How to view a transaction | Each copy is duplicated in your account | Allocation results only |
| Stop | You can stop it yourself at any time | Cancellation procedures may be required |
Please note thatBigBossonly offers MAM and PAM services, not copy trading.BigBossInformation presented as
Is copying signals on MT4/MT5 considered copy trading?
While the underlying mechanism is the same,the providers are different. The "Signals" within MT4 and MT5 areMQL5 services operated by MetaQuotes, and are not provided by FX brokers.
Therefore, even if you contact the vendor's support, they may not be able to help.AXIORY, like, do not have their own copy trading system and instead offer MQL signals,so please make sure to distinguish which type of service you are referring to.
Is copy trading possible with domestic FX brokers?
While domestic FX brokers offer system trading (automated trading) where you select and run pre-prepared programs , the provision of copy trading, which directly replicates the trades of individual traders, is limited.
If your goal is to copy the trades of a specific person, then your only real option is to use an overseas forex broker
How much profit can I make with copy trading?
Because it varies depending on the provider you choose and the market conditions,you cannot expect a fixed return on investment. There is also a possibility of losses.
If you're going to use this as a basis for your decision, don't just accept the yield displayed on the provider's screen at face value. Instead, consider the figure after deducting the success fee (around 10-50%) and the spread . It's essential to check the maximum drawdown and start with an amount of capital that you can withstand that unrealized loss
How much capital is needed for copy trading?
It varies depending on the company and provider. Here are some examples of companies that officially disclose their prices:
| Contractor | Minimum investment amount |
|---|---|
| HFM | Cent Account $10 / Premium Account $25 / Pro Account $100 |
| Monaxa | Activating a follower account requires $100 or 1,500 USC (approximately $15) |
| TitanFX, XMTrading,FXGT | Not officially stated (configurations vary by provider) |
Rather than whether you can prepare the money,If you start with the minimum amount, you won't be able to withstand the unrealized losses and will be forced to close your position immediatelyPlease note this point: It is more realistic to deposit several times the minimum amount
How much are the fees for copy trading?
The typical success fee paid to providers is around 10-50%.FXGTofficially states "10-50%", whileHFMstates "up to 50%".
In addition to this,the same spreads and transaction fees as regular trades will apply. Since the burden increases with the number of trades you make with a provider, please do not compare providers solely based on their success fee rates.
A portion of the spreadbe refunded by opening an account through a cashback site. Copy trading offers a significant advantage in reducing costs because the number of trades is unpredictable.
Can I stop copy trading at any time?
Yes. You can stop any of the services I recommended at any time through your own actions .
However,how open positions are handled when trading is suspended varies from broker to broker(they may be settled immediately or remain open). Checking this beforehand can help avoid unexpected profit or loss.
Is it possible for me to register as an internet service provider?
Yes, it's possible. You can become someone who receives success-based commissions from your followers. However,certain conditions mustbe met.
| Contractor | Provider's conditions |
|---|---|
| HFM | You can open up to 5 provider accounts. The success fee rate is set at the time of opening andcannot be changed thereafter. |
| XMTrading | A total effective margin of $100 is required across all accounts . Once it exceeds $50, it will be displayed in the investor's list. |
| FXGT | A success-based commission (10-50%) can be set.This cannot be changed after creation. Commissions are paid weekly or monthly to your eWallet. |
Summary: Start with a small amount and choose a company that clearly states its terms and conditions
FX copy trading isyou can entrust your trades to a provider simply by choosing one. Unlike EAs, you don't need to keep your PC running, and you can stop trading at any time while keeping your funds in your account.
Key points of this article
- When choosing a service provider, the key is whether the terms and conditions are officially stated. Many providers keep their fees and minimum charges confidential.
- If you're unsure, go withHFM(Cent account from $10, success fee capped at 50%, leverage 1:1000). If you want to use an existing account, go with TitanFX.
- Providers should switch to displaying data for the entire period before making a judgment. A track record with a win rate close to 100% is actually a warning sign.
- If you are asked for a Power of Attorney (POA), stop. There is no need to hand over account management authority in legitimate copy trading.
- Exnesswill be discontinued in June 2026, andAXIORYandBigBosswill not be offered. Beware of outdated "compatible provider" information.
To begin with, try making a copy for just one person using an amount that you can afford to lose without affecting your life . By actually running it, you'll get a feel for how to read the numbers on the screen and when to stop.
Furthermore, you should open your account through a cashback site . This is because, since you can't control the number of trades yourself with copy trading, it's very beneficial to have a system in place from the start that returns a portion of the spread .
For information on fraud tactics, illegality, and how to deal with it if you become a victim , please also see our guide on how to identify copy trading scams and compare them with EAs (Expert Advisors)
