DupliTrade is an automated copy trading platform that is partnered with some of the top brokers in the UK. Over a dozen audited strategy providers are available and new traders can get started in four straightforward steps. This DupliTrade review and tutorial unpacks minimum deposits, fees, MetaTrader 4 (MT4) integration, mobile apps, and more. Our experts have also ranked the best DupliTrade brokers in 2023.
DupliTrade Brokers UK
AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available, alongside a comprehensive education center and multilingual customer support.
Demo Account Regulated By MT4 Integration Yes ASIC, CySEC, FSCA, ISA, CBol, FSA, FRSA Yes Min. Deposit Min. Trade Leverage $100 0.01 Lots 1:30 (Retail) 1:400 (Pro)
Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated brokerage offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.
Demo Account Regulated By MT4 Integration Yes FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB Yes Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 (Retail), 1:500 (Pro)
IC Markets is a respected multi-asset broker offering premium trading technology, highly competitive pricing and 24/7 customer support. The broker provides various social trading features for beginners whilst experienced traders can enjoy advanced charting and analysis tools. Over 180,000 clients from more than 200 countries have signed up with the heavily regulated and trustworthy brand.
Demo Account Regulated By MT4 Integration Yes ASIC, CySEC, FSA Yes Min. Deposit Min. Trade Leverage $200 0.01 Lots 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
FxPro is an award-winning forex, CFD and spread betting broker with over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.
Demo Account Regulated By MT4 Integration Yes FCA, CySEC, FSCA, SCB, FSC Yes Min. Deposit Min. Trade Leverage $100 0.01 Lots 1:30 (Retail), 1:500 (Pro)
Fusion Markets is an Australian headquartered and regulated broker that offers low-cost forex and CFD trading. Copy trading, 1:500 leverage plus multiple account types are also available, catering to traders of different experience levels and budgets. New clients can sign up and start trading in three straightforward steps.
Demo Account Regulated By MT4 Integration Yes ASIC, VFSC Yes Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:500
Axi is a global forex and CFD trading firm, trusted by investors around the world. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular broker with beginners and seasoned traders. Axi also stands out for its resources, including copy trading and Myfxbook.
Demo Account Regulated By MT4 Integration Yes FCA, ASIC, DFSA, FMA Yes Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:400
Founded in 2009, Vantage offers trading on 1000+ CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
Demo Account Regulated By MT4 Integration Yes FCA, ASIC, FSCA, VFSC Yes Min. Deposit Min. Trade Leverage $50 0.01 Lots 1:500
Users can link their DupliTrade copy trading account with their brokerage account and MT4 platform. There are no registration fees but most DupliTrade brokers require a deposit of £2000+. Strategy providers are experienced investors that have passed an evaluation process.
DupliTrade is an Isreali-based copy trading platform, established in 2017 by former Signal Trader COO, Jonathan Hirshber. The brand is operated by DT Direct Investment Hub Ltd, a registered Cyprus Investment Firm (CIF), regulated by the Cyprus Securities and Exchange Commission (CySEC).
The vision of the brand is to connect retail investors with proven traders whom they can copy and learn from. DupliTrade hosts a selection of successful strategies from ‘professional’ traders, selected based on their previous trading history and performance record. Users can monitor their performance in real time and retain full control over their funds.
How Does DupliTrade Work?
To access the firm’s strategy providers, you will need to open a trading account with a DupliTrade partner broker. You can then link your DupliTrade copy trading profile to your live investing account through popular platforms, such as MetaTrader 4 (MT4).
All trading activities including new positions and modifications are automatically reflected in your live investing account. No intervention is required. With that said, retail traders can control positions or manually amend them if required.
To get started:
- Register with DupliTrade via their website
- Open an account with a partner broker
- Review and select strategy providers to follow
- Copy the positions of master traders and track your account performance
DupliTrade’s strategy providers, also known as master traders, are experienced investors with proven track records. Individuals are required to complete a comprehensive evaluation process, including months of live trading authentication and monitoring, interviews to determine credibility, and participation in stress-testing simulations. Importantly, the process is more robust vs ZuluTrade.
It is worth noting that the investment history of strategy providers is based on live trade executions, with all trades made using real capital. DupliTrade then uses an algorithm-based listing method to rank the best-performing strategy providers on the community list.
To find a suitable master trader for your financial goals and risk appetite, you can compare strategy providers across a number of metrics:
- Trading style
- Initial balance
- Leverage used
- Trading start date
- Trading frequency
- Net profit achieved
- Trading market speciality
How To Copy Traders
It is quick and easy to start copying trades at DupliTrade brokers:
- Review the list of strategy providers using the performance metrics
- Click the blue ‘Duplicate’ icon next to the master trader’s registered name
- Use the slider tool to allocate funds by strategy provider (you can distribute funds between 12 master accounts)
- Select the ‘Save Changes’ button at the bottom to confirm the allocation
- Monitor your account performance and manually close positions if needed
Note, regardless of an expert trader’s past performance, profits are not guaranteed. Never risk more than you can afford to lose.
While using DupliTrade, our expert team found there are zero registration fees or ongoing charges. The firm makes money from partner brokers through an Introducing Broker (IB) fee. The broker then pays profitable strategy providers based on the number of successful positions executed.
Importantly, retail investors are not required to pay a commission to master traders. With that said, standard spreads and commission fees may apply to trades, though this varies between DupliTrade brokers.
We found the DupliTrade copy trading platform easy to use with an intuitive design. It is straightforward to navigate to the list of strategy providers and view in-depth performance analytics and historical data on win ratios, net profit, the number of trades executed, and the number of followers. It is also easy to select, modify and remove strategies at the click of a button.
On the downside, the DupliTrade copy trading platform is available via web browser only. There is currently no desktop software or proprietary mobile app.
DupliTrade offers a 30-day free trial via its official website. The demo solution provides simulated real-time conditions with live positions being executed by traders. The paper profile is good for getting to grips with the master trader data available and for practising copying positions risk-free.
Users can register by selecting the green ‘Sign Up’ icon on the website and entering their basic contact details.
Note, as these paper profiles are not linked to DupliTrade brokers, execution speeds may vary.
A simulator tool is also available on the DupliTrade website. The programme allows users to back-test strategy providers’ trades. Essentially it can be used to understand profit potential based on the historical performance of master traders. Users can input a virtual investment balance of up to £500,000 and a simulation time frame of up to one year.
To set it up:
- Visit the DupliTrade website (duplitrade.com)
- Click the ‘Trading Simulator’ icon in the top menu
- Toggle the slider bar to choose a virtual balance and click ‘Next’
- Use the dropdown menu to choose a simulation period and click ‘Next’
- Allocate funds between the strategies using the slider bar
- Select ‘Simulate Now’ once ready
- Review the trade performance dashboard for strategy insights and monthly P&L
DupliTrade customer support is available 24/5, similar to popular partner brokers. Contact methods include an online enquiry form, an email address (email@example.com), and a live chat function. When we used the live chat service we received a fast response within a few minutes. Our experts were also pleased to see a detailed FAQ section and glossary of key terms for useful self-help.
There is also a useful blog-style page available on the DupliTrade website. It provides simple reads on copy trading and automated investing using its tool. This includes how to get started, the features of the simulator, and what to consider before signing up for an automated investment profile.
Importantly, the best DupliTrade brokers can also provide user guidance and support if needed.
DupliTrade is controlled and operated by DT Direct Investment Hub Ltd, a registered Cyprus Investment Firm (CIF). The company is regulated by the Cyprus Securities and Exchange Commission (CySEC), registration number 347/17. This is a top-tier regulatory authority with stringent rules that members must comply with.
For extra peace of mind, sign up with DupliTrade brokers that hold a license with the UK’s Financial Conduct Authority (FCA). This will provide the best protection for British traders.
DupliTrade is a secure copy trading solution for online investors. The firm takes a robust approach to data privacy, fund safety, login security, and audits of strategy providers.
DupliTrade also only partners with regulated brokers to protect against scams and fraudulent activity. This is important as the firm does not hold client funds. Instead, all deposits are made directly and held by partner brokers, though withdrawals can be made at any time.
Bottom Line On DupliTrade Brokers
DupliTrade is a popular copy trading platform suitable for retail investors of all experience levels. The programme is easy to use and can be integrated directly into partner brokerage accounts. Strategy providers also undergo an in-depth evaluation process, meaning only the best master traders are listed on the leaderboard.
Sign up with one of the best DupliTrade brokers to get started.
Is DupliTrade Legit?
DupliTrade is a legitimate automated copy trading platform, operated by a CySEC-regulated firm. The brand follows a robust master trader audit process and only partners with regulated brokers. DupliTrade also has many positive user reviews online.
Is DupliTrade Good For Beginners?
DupliTrade is a good tool for beginners, providing access to experienced investors’ trading ideas and strategies. The solution integrates with the live investing accounts of DupliTrade’s registered partner brokers. No prior investment experience is required and users can duplicate trades at the click of a button.
Also, only traders with a demonstrable track record will pass the evaluation process and users can compare strategy providers across a number of metrics, including trading style, starting balance, leverage, frequency, net profit, and market speciality.
Is DupliTrade Regulated?
The firm that operates DupliTrade, DT Direct Investment Hub Ltd, is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 347/17. This is a well-regarded financial authority with strict protocols for member firms. DupliTrade brokers must also be regulated by a reputable financial watchdog.
Which Are The Best DupliTrade Brokers In The UK?
Does DupliTrade Have A Demo Mode?
Yes, new users can access a 30-day free trial on the DupliTrade website. The automated copy trading platform also provides a simulator tool whereby you can test the profit potential of strategy providers using historical performance data.