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The allure of earning passively by mirroring the positions of experienced investors has brought copy trading to many online trading platforms in recent years. Even in Malaysia, there are several social copy trading platforms and copy trading software to choose from.

In this copy trading review, we’ll guide you through our top platforms for copy trading Malaysia to help find the best copy trading platform Malaysia for you.

Best Copy Trading Platforms Malaysia 2022 List

Below is a list of the best platforms for copy trading Malaysia in 2022. Scroll down to read the in-depth reviews on each platform!

  1. eToro – Overall Best Copy Trading Platform Malaysia 2022
  2. MetaTrader 5 via Libertex – Best Copy Trading Platform Malaysia for High Leverage
  3. MetaTrader 4 via AvaTrade – Best Copy Trading Platform Malaysia for Forex EAs
  4. ZuluTrade via Pepperstone – Best Copy Trading Platform Malaysia for Beginners
  5. IG – Best Copy Trading Platform Malaysia for Specific Strategies

Best Copy Trading Platforms Malaysia Reviewed

When choosing the best copy trading platform Malaysia for you, there are a couple of things to consider based on your financial goals, experience, and others. For example, are you looking for an easy-to-use social copy trading platform like eToro or a more advanced third-party copy trading app like MetaTrader 4 (MT4)?

Furthermore, you’ll need to familiarize yourself with the different fees and commissions that come with copy trading Malaysia. If you’re comfortable with the fees, you’ll also have to consider the platform overall and its other features like if they have copy trading forex.

After going through several brokers with copy trading Malaysia, here are our recommended best copy trading platforms in this copy trading review.

1. eToro – Overall Best Copy Trading Platform Malaysia 2022

copy trading

Overall, the best copy trading platform has to be eToro as it is one of the most popular, intuitive, and easy-to-use platforms with copy trading and even copy portfolios. Once you create an account in the social copy trading platform Malaysia, you’ll have access to thousands of investors to choose from, not to mention thousands more financial instruments for live trading.

Not only do you have access to plenty of experienced investors but you also have access to their historical data, performance, and even an insight into their risk. For example, you can see how much the trader has made or lost each month since joining copy trading eToro as well as an assigned risk rating. In the overall best copy trading app, you can also view the mean number of days or weeks the trader has held a position and their peak drawdown. All of this information per public investor on the overall best copy trading platform Malaysia helps users choose which copy trader is right for them.

After selecting an investor for copy trading Malaysia, you can already invest and start copying their portfolios if you have an account. In the social copy trading platform Malaysia, the minimum amount to invest in a copy trader is $500. However, when it comes to eToro copy trading fees, the platform doesn’t charge any particular fees to use its copy trading service.

what is copy trading

Past performance is not an indication of future results

In terms of financial instruments available for trading, eToro offers thousands of stocks, ETFs, cryptocurrencies, indices, forex, commodities such as hard metals, energies, and agricultural products. This means that eToro allows copy trading forex. All assets on the all-in-one best copy trading platform Malaysia can be bought and sold commission-free.

Creating an account in eToro should only take a couple of minutes and getting verified should only take a few days. Users can easily fund their accounts through debit or credit card, as well as e-wallets like Paypal, Skrill, and Neteller. In terms of safety, eToro is well regulated and licensed by the respective financial authorities in each region.

eToro fees

Fee Amount
Stock trading fee Free
Forex trading fee Spread, 2.1 pips for GBP/USD
Crypto trading fee Spread, 0.75% for Bitcoin
Inactivity fee $10 a month after one year
Withdrawal fee $5

Pros:

  • User-friendly trading platform with over 20 million clients
  • Zero commission
  • 2,400+ stocks and 250+ ETFs listed on 17 international markets
  • Copy trading forex available
  • Deposit funds with a debit/credit card, e-wallet, or bank account
  • Demo account starts with $100,000 virtual equity
  • Regulated by the FCA, CySEC, ASIC and registered with FINRA

Cons:

  • Not suitable for advanced traders that like to perform technical analysis

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. MetaTrader 5 via Libertex - Best Copy Trading Platform Malaysia for High Leverage

best copy trading platform

Meta Trader 5 (MT5) is the latest counterpart to MT4. It’s a third-party trading software similar to MT$, though because of its CFD trading, users tend to flock to MT5 as it goes beyond just copy trading forex. Furthermore, the younger platform also comes with more advanced charting tools and technical indicators. As you will find out later with the MT4 platform, the MT5 software also offers full support for forex Expert Advisors (EAs) and automated trading robots.

Much like eToro, MT5 is much simpler to use in terms of copy trading than its older brother Mt4. This is because through the platform you can browse through thousands of traders and then select to copy their current and future trades like-for-like. Do note that MT5 charges a monthly subscription fee that varies depending on your account and even the trader you are copying.

After you’ve integrated the MT5 platform with your Libertex account, simply deposit the minimum amount for copy trading, select a trader to copy, and that’s it. The minimum deposit is $100 at Libertex and you can fund your account with a debit/credit card, e-wallet, or bank account transfer. Any gains or losses from your chosen trader will reflect in your account.

copy trading forex

With Libertex, commission-free trading is available on many CFD stocks. However, other assets come with a commission that’s usually just 0.1% per slide. If you’re still a little uncertain about the fees, it’s worth noting that Libertex offers a demo account. It’s ideal to try using the demo account facility first and then linking this to MT5 once you’ve gained familiarity with the platform, fees, and algo trading bots.

Libertex fees

Fee Amount
Stock trading fee Commission. 0.034% for Amazon.
Forex trading fee Commission. 0.008% for GBP/USD.
Crypto trading fee Commission. 1.23% for Bitcoin.
Inactivity fee $5 a month after 180 days
Withdrawal fee Free

Pros:

  • Tight spreads
  • Very competitive commissions - starting from 0% upwards
  • Good educational resources
  • Offers CFD trading
  • Well regulated, long-established broker
  • Compatible with MT4 and MT5
  • Great choice of markets

Cons:

  • Commission for non-stock CFD trading

83% of retail investors lose money trading CFDs at this site.

3. MetaTrader 4 via AvaTrade – Best Copy Trading Platform Malaysia for Forex EAs

copy trading software In terms of popularity in the online investment space, MT4 is the most used third-party trading platform to date. The advantage of the platform comes from its many advanced tools, great technical indicators, and pricing charts—ideal for experienced day traders. That being said, the platform isn’t limited to just the seasoned traders but can be another platform that utilizes a number of copy trading forex features.

Its frontrunner feature, forex EAs, is a forex copy trading software that lets users have a robot trade on their behalf. Forex EAs are downloadable and integrable in the copy trading forex platform. Once installed, it will have a set of predefined conditions that it follows through an algorithm.

etoro copy trading fees

You’ll need to connect the MT4 platform with AvaTrade, meet the minimum deposit of $500, and select a trader to copy and you’re done. With AvaTrade in particular, high-leverage options mean that low amounts of capital can be used to effectively make proportionally higher positions. This, however, comes with its intrinsic risk of needing to close positions in volatile conditions or be margin called.

Copy-trading forex is a 24/7 market and the forex EAs can perform at this consistency as well. When the algorithm detects a certain pattern, it will execute it based on the conditions. This allows users to day trade around the clock without needing much research on the market theoretically. The most research you’ll essentially need to perform is regarding the forex EAs in copy trading forex.

AvaTrade fees

Fee Amount
CFD trading fee Variable spread
Forex trading fee Spread. 0.9 pips for EUR/USD
Crypto trading fee Commission. 0.25% (over-market) for Bitcoin/USD
Inactivity fee $50 per quarter after three months of inactivity
Withdrawal fee Free

Pros:

  • Integrations with MT4, MT5, and ZuluTrade
  • Commission-free platform
  • High-leveraged broker
  • Wide range of tradable instruments
  • Many educational resources on site
  • Islamic trading account available
  • Secure with ASIC regulation

Cons:

  • Does not offer traditional stock ownership – CFDs only

72% of retail CFD accounts lose money with this provider.

4. ZuluTrade via Pepperstone - Best Copy Trading Platform Malaysia for Beginners

copy trading app

If you’re looking for a simpler copy trading platform that’s suited for beginners, look no further than ZuluTrade. Aside from being able to make an account quickly and start trading in minutes, ZuluTrade also makes it easy for you to trade with a simple platform that’s easy to understand.

There are tens of thousands of investors that are part of the ZuluTrade copy trading system, so there’s plenty to choose from. That means that you’ll need to spend some time researching or reviewing the copy traders and how they’ll fit into your trading strategy and financial goals.

forex copy trading

You’ll also need to integrate your ZuluTrade account to an online broker as the platform is not regulated. You can do so via Pepperstone, an online CFD trading platform with the right tools, insight, and support to trade the world’s markets. is often the go-to broker in this respect. Founded in 2010, Pepperstone is well regulated and safe as a low-risk broker for copy trading forex and CFDs.

After connecting your ZuluTrade account with Pepperstone, meeting the minimum deposit of AUD$200, and selecting a trader to copy - you’re pretty much good to go. The only drawback with Pepperstone is the commission. The exact commission depends on the underlying currency of the asset you are trading. For example, assets priced in USD will cost you $3.50 per slide. Pepperstone is also a great choice as the platform has been around since 2010 and is regulated by the FCA.

Pepperstone fees

Fee Amount
Stock trading fee $0.02 per US stock
Forex trading fee Spread, 1.59 pips for GBP/USD
Crypto trading fee Spread, 50 pips for Bitcoin
Inactivity fee Free
Withdrawal fee Free

Pros:

  • Spread betting - no capital gains tax
  • Compatible with numerous platforms
  • 0% commission accounts
  • Raw accounts for zero spreads
  • FCA licensed
  • Accepts PayPal

Cons:

  • No proprietary platform
  • Doesn’t offer ETFs

Your capital is at risk.

5. IG - Best Copy Trading Platform Malaysia for Specific Strategies

copy trading malaysia

If you’re looking for a complete, all-in-one platform, then the award-winning IG online broker is something you should check out. They’re the world’s number one CFD provider with over 17 thousand markets to trade from including forex, indices, crypto, stocks, and more. It’s also a highly compatible platform with integrations for MT4, L2 dealer, and ProRealTime which are all quite popular or well-utilized third-party trading software.

With over 80 currency pairs, copy trading forex through IG is great as variety bodes well for certain trading strategies. What makes IG one of the best forex trading platforms is it has access to wider selections of exotic currency pairs, too. Among them are currency pairs with the Russian ruble, Indian rupee, Philippine peso, Brazilian real, and more.

To get started with the social copy trading platform IG, the minimum deposit is $250. Deposit through debit card payment or bank transfer. IG is also known to be an international brokerage firm that is headquartered in the UK. It is authorized and licensed by all relevant bodies in Asia as well so residents of Malaysia will be able to use the IG trading platform for copy trading and more.

IG fees

Fee Amount
Stock trading fee Commission. 2 cents per share for US stocks, 0.10% for UK and EU stocks.
Forex trading fee Spread. 1.4 pips for GBP/USD.
Crypto trading fee Spread. 36 pips for Bitcoin.
Inactivity fee £12 a month after 24 months.
Withdrawal fee Free

Pros:

  • Offers over 80 currency pairs
  • Spreads start at just 0.8 pips
  • No commissions
  • Trade on their proprietary platform
  • Mobile app available
  • MT4 and more is supported
  • Over 17,000 markets tradeable
  • Easily fund your account with a debit card or bank transfer

Cons:

  • Requires a minimum deposit of $250
  • No traditional stocks or ETFs for US traders

Your capital is at risk.

What is Copy Trading?

In its most simplistic form, copy trading is precisely mirroring the trading positions of another trader so that their gains and losses are proportional to yours. This is the goal. For example, if your chosen trader decides to go long on EUR/USD - you will do the same. If the price of the currency pair increases, then your position increases as well and vice versa.

social copy trading platform

In the same vein, if the same trader then decides to short a stock like says Netflix, again, your platform will do the same. What’s important is that this all happens automatically, meaning you don’t need to be watching the charts or actively accepting the positions. This is because your chosen copy trader will make all investment decisions - including the research, due diligence, technical analysis, and more.

What Assets Can You Use for Copy Trading?

Essentially, as long as there’s a market where users can make positions and there are price movements, you should be able to copy trade those users in a social copy trading platform. However, the most common copy trading is copy trading forex, stocks, and crypto.

Forex Copy Trading Malaysia

Copy-trading forex can be done in many different ways. It’s offered in MT4 and MT5 platforms through copy software and forex EAs as well as in sites like eToro and ZuluTrade if certain user portfolios include forex.

Stock Copy Trading Malaysia

Another popular asset is copy-traded stocks. The stock market moves relatively quickly compared to other markets besides crypto. This means that in the short term, several traders can take advantage of these erratic and volatile price movements to earn and ‘beat’ the market. Copy-trading stock portfolios therefore can vary in risk depending on the time frame of the trader.

Crypto Copy Trading Malaysia

It’s only in the crypto market that 10% swings are quite normal and even numbing to particular participants who’ve witnessed and traded in the market for a while. The latest and hottest digital asset that everyone seems to be profiting from is the source of risky copy trading portfolios that some users might want to try out. If you’re looking to invest in crypto but are not so sure about the research, you can instead copy trade.

Crypto Copy Trading Systems

In this part of the copy trading review, we will mention different ways in which you can get involved in social copy trading platforms and copy trading in general.

Below are the different copy trading systems that are being used.

All-in-One Copy Trading Brokers

Brokers like eToro are unique in the sense that they offer all-in-one copy trading. This means that there is no commission, no use of a third-party platform or software, and everything can be done all in one place. Some of the best trading platforms use this system.

Systems like these are perfect for beginners as educational resources, demo accounts, and information can be found all in one place. This makes it much easier to manage, easier to understand, and clear for newbies.

copy trading review

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Robots and Algorithmic Software

The next copy trading system that you can use is robots or algorithmic software. Those who have used MT4 or MT5 with forex EAs are familiar with this type of copy trading method.

Big institutions actually use this same method wherein their intricate algorithms are used to detect the particular patterns that would lead to the price movement they’re looking for. Similarly, the robots and algorithmic software available to retail traders perform the same but perhaps much simpler.

The biggest advantage with using this kind of strategy is that, unlike humans who need to rest and are also affected by emotions, robots can make trades regardless of history or how its user feels as emotions stemming from trading can be a hindrance to many investors.

Signals (Semi-Automated)

There’s also the option of getting a copy trading platform with alert signals integrated. This allows you to copy trade but in a semi-automated manner. Once you’ve subscribed to a site that provides trading signals, you can make the decisions once they send the information to you.

This is all semi-automated as the decision still lies on you in the end when the signal is sent. You’ll still have to manually create and execute the order. This option isn’t all that bad at all as it gives users the last say on any execution. This means that if they have prior knowledge regarding any position, they can just override the signal and not push through with the trade.

Best Traders to Copy

Below are our best copy trading users for stocks, crypto, and forex from eToro that you can explore!

Davide Perina

is copy trading profitable

Davide Perina from Italy is a business intelligence consultant who’s been trading in eToro for three years. He’s a value investor who tries to identify companies that are undervalued by the market and holds positions for the medium-long term. He tries to make an annual profit of 30-35% and currently holds a risk score of 5.

Oscar Naveiras Picos

Oscar Picos from Spain is a computer engineer, entrepreneur, and short-long term investor. He likes companies and opportunities with high profitability after taking market context and trends into account. One-fourth of his portfolio is the SP500, another fourth are on tech companies, 20% on China, 20% on other stocks, and the last 10% on crypto.

does copy trading work

Past performance is not an indication of future results

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Jose Angel Labarta

forex copy trading software

Jose Labarta is a Spanish high yield swing trading strategist for FX markets who uses JM Hurst’s Cyclic theory and techniques. He takes the sentiment fluctuations of any financial market, has an adequate trading frequency, and follows a risk management policy. He has a low risk score that varies from 3-4, meaning his trading techniques are less risky than others. To completely benefit from Labarta’s copy trading, it is recommended to hold the position for at least one year.

How to Copy Trade on eToro from Malaysia

Opening a copy trading account is really simple and isn’t at all a tedious process especially with our overall best copy trading platform, eToro. We’ll lay down the step-by-step method starting from signing up for an account to investing in your first copy trader!

Step 1: Open an Account and Upload ID

You’ll first need to head over to the eToro site to sign up. Being a fully regulated broker, eToro requires your name, email address, and phone number. You also have the option of signing up with your Facebook or Google account.

copy trading etoro

After signing up, you’ll need your account verified in order to start live trading. Upload the required documents such as a government-issued ID and proof of address (issued within the last 3 months). eToro will verify your documents pretty much instantly unlike other brokers.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2: Deposit Funds

Once your account has been verified, you can start depositing funds. Choose from an array of payment options from debit cards, credit cards, e-wallets, and more.

best copy trading

Malaysian citizens need to deposit a minimum of just $50, while most others need to cover at least $200. Once you’ve deposited the minimum amount, you can proceed to the next step.

Step 3: Choose a Trader to Copy

With your eToro account funded, you can now proceed to find a trader that you would like to copy. On the left-hand side of the screen, click Discover and look for the CopyTrader section. Press view all to see and filter through the copy traders to choose from.

best copy trading app

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 4: Invest in a Copy Trader

After you’ve selected which copy trader you wish to mimic, you will need to click on the 'Copy' button. A modal will appear asking you how much you wish to invest. Remember that for copy trading, $500 is the minimum investment amount.

copy trading

There is also an option to copy open trades as seen in the ‘Copy Open Trades’ tick box. Selecting this means that you will also execute trades that are already ongoing from the copy trader. Click on the 'Copy' button to complete your investment.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Conclusion

Copy trading has grown tremendously through the years, leaving many platforms to follow suit and create their own copy trading system. Depending on your financial goals, any copy trading system can work for you, but our overall best copy trading platform for 2022 is eToro.

With over 20 million active users and thousands of verified copy traders to choose from without commission, it is not hard to recommend the all-in-one broker. If you wish to start with eToro, the minimum investment per trader is a reasonable $500 - click the link below and start copy trading with eToro!

eToro - Best Copy Trading Platform in Malaysia

what is copy trading

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FAQs

What is Copy trading?

Copy trading allows traders to mirror the positions of other traders that have opened their portfolios for copying. It can also mean copying a certain automated algorithm through a robot or signals.

How does Copy trading work?

Copy trading works in several different ways. One way is through a platform that completely mirrors the positions made by the trader being copied. Another is through robots or algorithms that follow a certain set of rules and patterns.

Can you make money from copy trading?

Yes, you can definitely make money from copy trading if the trader you copied is net positive as well. Remember that all types of trading still carries risk - copy trading included.

Can I do copy trading from Malaysia?

Yes, you can do copy trading from Malaysia, particularly with the platform mentioned above and others too!

What is the best Copy trading platform in Malaysia?

Overall, the best copy trading platform in Malaysia is eToro as it has so much to offer as an all-in-one platform as well as a copy trading platform as well. It’s intuitive and easy-to-use.

aquinoapa@gmail.com'
About Jose Rafael Aquino
About Jose Rafael Aquino

Jose Rafael Aquino is a Filipino writer and entrepreneur that specializes in finance, technology, cryptocurrency, and sports. Versed in the startup tech space, he has written for websites such as The GUIDON, StockApps, and BuyShares.

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