In 2025, if you want to start a trading in forex one must try Free Forex copy trading software . But before that Copy trading is like watching someone who is really good at playing a game, and then copying exactly what they do to win. In trading, there are people who are experts at buying and selling things like different countries currencies we call it Forex, stocks, or crypto. Copy trading lets you follow these experts and automatically copy their trades, so you don’t have to do the hard work of figuring out what to buy or sell. You just let the expert do it, and it happens on your account too.
What is Copy Trading?
Copy trading is becoming more popular because more people want to try trading without having to be experts. It’s easy to get started, even if you don’t know much about trading. Instead of figuring out what to buy or sell, you can just follow someone who is really good at it and copy what they do.
It’s growing in popularity because it’s a way to make money with less stress and effort, just by copying someone else
- It’s simple: You don’t need to learn everything about the market.
- You can copy smart traders: You can follow people who know how to make money by trading.
- It works automatically: Once you set it up, the trades happen on their own.
- Anyone can join: You don’t need a lot of money to start, and you can trade with people all over the world.
How Forex Copy Trading Works?
Forex copy trading works by automatically copying the trades of experienced traders to your account, letting you follow their strategy without doing the work yourself and without hard works. It’s like having a mentor who makes trades for you, and you’re learning from their experience. For your help there are tools to help manage how much you are risking, so you don’t lose too much money.
- Choosing a Trader to Copy:
First, a trader is chosen to be copied. This can be done by looking at their trading profile, which shows things like how well they have done in the past, how risky their trades are, and the type of assets they trade. This information is available to you on the trading platform. It’s important that a trader is selected based on their past performance and your own risk preferences. If the trader is successful and follows a strategy that seems good, their trades can be copied. - Trades are Automatically Copied:
Once a trader is selected, their trades are copied automatically to your account. This means that when they make a trade — whether they buy or sell a currency — the same action is taken in your account. The system copies their trades in real-time, so if the trader buys a currency, for example, you’ll automatically buy the same currency at almost the same time. - Risk Management:
To make sure that losses are controlled, many copy trading platforms let you set limits. For example, you can decide how much of your money you want to risk on each trade. If you don’t want to lose more than 5% of your account on any single trade, you can set that limit. If the trader you’re copying makes a big loss, the system will stop copying their trades automatically to protect you from losing too much. - Learning from Experts:
One of the benefits of copy trading is that it allows you to learn from experienced traders. You can see how they make decisions and what strategies they use. Over time, you may start to understand why certain trades are made, even though you are not the one actually making the decisions. - Diversifying Investments:
In copy trading, different traders with different strategies can be copied. This helps to spread out the risk. For example, one trader might focus on long-term trades while another might make short-term trades. By copying different traders, the risk of losing all your money on one bad trade is reduced. It’s like not putting all your eggs in one basket.
Free Forex copy trading software
Below is the list of the platforms:
eToro
Rating : 3.6/5
eToro is widely known as one of the most popular platforms for copy trading. A large selection of professional traders is offered on the platform, which users can copy to automatically mirror their trades. The copy trading feature can be accessed for free, meaning that no subscription fees are required to use it. However, it’s important to note that there might be additional charges, like spreads or commissions, when making trades. These are small fees that are usually added to the price of buying or selling currencies or other assets. These fees are often not directly visible but are included in the price at which the trades are executed.
eToro also provides a user-friendly interface and social trading features, which means you can see and interact with the community of traders. By following successful traders, users are able to learn from their strategies and potentially benefit from their experience without needing to actively manage trades.
ZuluTrade
Rating: 4.1/5
ZuluTrade is another popular platform for copy trading. It connects traders who are looking for signals with professional traders who offer their strategies. The platform has a free version, which allows users to copy trades from experienced traders. The free version provides access to the basic copy trading features, which can be very useful for beginners who want to learn how experienced traders make decisions.
However, ZuluTrade also offers premium features, which can be accessed if the user decides to upgrade. These premium features may include advanced filtering tools, better analytics, and additional options for customizing how trades are copied. Even with the free version, users can still follow traders and copy their strategies, but for those who want more control or better performance insights, the premium version might be worth considering.
FXTM Invest
Rating: 4/5
FXTM offers a copy trading program known as FXTM Invest. With FXTM Invest, top-performing traders can be copied for free, giving users access to professional trading strategies without needing to pay for the software itself. This platform is particularly appealing to traders in India, as it supports Indian Rupees (INR) and local payment methods. The ability to trade in INR makes it easier for Indian users to manage their accounts and make deposits or withdrawals in their local currency.
FXTM Invest is designed to help users copy traders who have shown consistent performance, and it allows for a variety of risk levels. Even though it’s free to copy traders, it’s important for users to keep in mind that there may still be some charges related to trades, such as spreads or fees associated with withdrawals. Overall, FXTM Invest is a great option for those looking to enter the Forex market with ease and without high upfront costs.
OctaFX
Rating: 3.7/5
OctaFX offers a simple and easy-to-use copy trading feature that is also available without any subscription fees. This means that users can start copying trades without worrying about additional costs to use the software. OctaFX provides a wide range of traders to copy, including those who specialize in various Forex strategies, such as scalping, day trading, or swing trading. This gives users the flexibility to choose traders based on their specific interests or risk preferences.
The platform is designed to be intuitive, so even those new to trading can start copying traders with minimal effort. The ability to copy traders who focus on different asset classes, such as currencies, commodities, or indices, is another great advantage, as it allows users to diversify their investments and reduce risk. In addition, OctaFX has mobile apps, so users can copy trades on the go.
InstaForex
Rating: 3.1/5
InstaForex offers a free copy trading service through its social trading platform. This platform is designed to make it easy for users to copy trades from other traders who share their strategies openly. The platform’s social trading aspect also lets users interact with other traders, exchange ideas, and learn about different trading approaches.
InstaForex’s copy trading feature is simple to use and provides users with the opportunity to follow traders who have demonstrated successful strategies. Like other platforms, InstaForex offers a range of traders to copy, allowing users to choose those who match their trading style and risk preferences. The free copy trading service is available to anyone using InstaForex, making it a great option for beginners who want to get started with minimal investment
Advantages and Disadvantages of Free Forex copy trading software
| Software | Advantages | Disadvantages |
|---|---|---|
| eToro | Social trading, easy to use, large selection of traders | High fees (spreads/commissions), limited customization, slow customer support |
| ZuluTrade | Wide range of traders, customizable risk management, performance tracking | Premium fees, complex interface, occasional trade delays |
| FXTM Invest | Free service, supports INR, good trader transparency, low cost | Limited copy trading options, occasional delays, risk of loss |
| OctaFX | No subscription fees, simple interface, wide range of strategies | Slow withdrawal processing, limited support, higher spreads |
| InstaForex | Free service, social platform, easy to use, diverse traders | High spreads, outdated platform, limited educational content |
How to start Free Forex Copy Trading Software?
Step 1: Choose a Platform
- Pick a copy trading platform that supports Indian Rupees (INR) and local payment methods. Some good options are:
- eToro
- FXTM Invest
- OctaFX
- InstaForex
- ZuluTrade
Step 2: Sign Up
- Go to the platform’s website and register for a new account.
- Enter your personal information like your name, email, and phone number.
- Complete KYC (Know Your Customer) verification by uploading documents like Aadhar card or passport.
- Verify your email and mobile number through OTP.
Step 3: Deposit Funds
- Deposit money into your trading account using Indian payment methods:
- UPI (Unified Payments Interface)
- Net banking
- Debit/Credit Cards (Visa, MasterCard)
- E-wallets (Paytm, Neteller)
- Minimum deposit requirements may vary (usually between ₹500 to ₹10,000 depending on the platform).
Step 4: Browse Available Traders
- After depositing funds, explore available traders to copy.
- Filter traders by:
- Performance (e.g., past returns)
- Risk level (low, medium, high)
- Trading style (day trading, scalping, swing trading)
Step 5: Choose a Trader to Copy
- Select a trader based on their stats like monthly returns, risk percentage, and trading history.
- Once you find a trader you like, click on Copy or Follow to automatically copy their trades.
Step 6: Set Parameters
- Set the amount of money you want to invest in copying the trader’s trades.
- Adjust your risk settings:
- Low risk: Copy traders who make safer, slower profits.
- High risk: Choose traders with aggressive, fast strategies.
- Set stop-loss and take-profit if these options are available to manage risk.
Step 7: Monitor Your Account
- Regularly check your account for:
- Open trades and their performance.
- Profit/loss status on copied trades.
- Updates or notifications about new trades made by the trader you are copying.
Step 8: Adjust Settings
- If you’re not happy with a trader’s performance:
- Stop copying and choose a new trader to follow.
- Adjust the risk settings or investment amount if needed.
Step 9: Withdraw Profits
- Once you have earned profits or wish to withdraw funds, go to the withdrawal section of the platform.
- Choose your preferred withdrawal method:
- UPI
- Bank transfer to your Indian bank account
- PayPal, Neteller, or Skrill if supported by the platform.
Importance of Free Forex Copy Trading Software
Free Forex copy trading software makes trading easier by letting you copy what experienced traders are doing, without needing to pay upfront fees. You can set limits on your risks, and even talk with other traders to learn more!
1. Automatic Trade Replication:
When you choose a trader to copy, the software does all the hard work for you. Imagine you pick someone who’s good at trading. From that point on, their trades will be automatically copied to your account. You don’t need to worry about doing anything yourself. It’s like having a robot copy what someone else is doing in real-time, as soon as they make a trade.
2. Choosing Traders to Copy:
Most copy trading platforms let you look at a list of traders you can copy. You can filter and choose traders based on their performance (how well they’ve done), trading style (whether they’re into long-term trading or short, quick trades), and their risk level (some traders take more risks, others take fewer risks). This way, you can find someone whose style and risk level match your preferences. It’s kind of like picking a friend to learn from.
3. No Subscription Fees:
Here’s the best part: the software is free! You won’t have to pay anything just to use the copy trading features. This makes it a great option for beginners who don’t want to spend too much. But, keep in mind, while the software itself is free, the platform might charge a little fee on trades, like spreads or commissions (but you’re not paying for the software itself).
4. Risk Management Tools:
When you copy a trader, the software often gives you tools to help you control the risk. You can set a maximum risk percentage for each trade, which means you won’t lose too much if a trade doesn’t go well. You can also set a stop-loss, which is like a safety net to stop the platform from losing too much money if the market goes against you. Think of it as setting up some rules to keep you safe while you trade.
5. Social Trading Community:
Some platforms let you join a community of traders, kind of like an online group where people talk about their trades, share tips, and help each other out. This is great if you’re new to trading because you can ask questions, learn from others, and get better at understanding the market. It’s like having a group of friends who are all working on the same thing and supporting each other along the way.
Check the other article related to trading , here
FAQs
How to find the best traders to copy?
Look for traders with a proven track record, solid risk management strategies, and performance consistency over time.
Is copy trading legit?
Yes, copy trading is legit.
Is copy trading worth it?
Yes, but you have to choose trade correctly.