Best Copy Trading Platforms in Egypt – Top Picks for 2024

While several brokerage firms offering copy trading services have entered the Egyptian market over the last few years, not all are recommendable. Therefore, before registering with any of them to copy trades, it is important to evaluate their features to determine which one suits your investment needs.

This article takes a look at the leading brokerage firms that provide Egyptian traders with copy trading services to help you identify one that meets your requirements.

RoboForex

Although this broker started its operations in late 2009, it didn’t offer its copy trading service until 2017. RoboForex’s team is made up of several software engineers who ensure new useful features are launched regularly to give Egyptian traders a one-of-a-kind trading experience.

Over the years, RoboForex has won multiple prestigious awards, solidifying itself as a reliable player in the online trading world. As of May 2024, the broker holds an international license issued by Belize’s FSC.

RoboForex’s Pros and Cons

Pros

• The broker facilitates instant withdrawals.
• Its features simplify copy trading.
• Copy traders can invest as little as $10.

Cons

• RoboForex has fewer tradable instruments than most competitors.

Exness

Exness is one of the few brokerage firms in the world that strives to provide its users with the best trading conditions. From low fees to access to several financial markets, such as commodities, Forex, crypto, indices, and stocks.

The trading accounts offered by this broker cater to both seasoned and novice copy traders. As a beginner, you can use the education center to learn how to identify and copy the right traders.

As of May 2024, Exness is a host to over 15,000 copy traders who get access to more than 1,600 strategy providers. To earn the trust of copy traders, the broker has obtained licenses from some of the world’s top-tier regulators, including the Seychelles FSC, South Africa’s FSCA, the UK FCA, and Kenya’s CMA.

Exness’ Pros and Cons

Pros

• Exness is a highly regulated broker.
• It offers access to numerous financial markets.
• Copy traders do not pay deposit and withdrawal fees.

Cons

• Exness doesn’t provide customer support in multiple languages.

Forex4You

Although Forex4You is popular among active traders, it also offers a copy trading service to meet the needs of passive traders. The brokerage firm is licensed by financial authorities in the British Virgin Islands. In 2018, Forex4You was recognized as one of the best brokers in the world. In 2022, the company received a nomination for the “Best Service Quality” award.

Forex4You’s Pros and Cons

Pros

• Forex4You’s copy trading service is easy to use, thus allowing beginners to replicate the strategies of their favorite lead traders.
• Customer deposits are insured.
• The broker’s customer support team responds on time.

Cons

• Compared to its rivals, Forex4You charges considerably high trading fees.

Admirals

Admirals has served online traders for over two decades, having been launched in 2001. The broker developed its copy trading platform in 2021 following a massive rebranding to cater to a diverse user base. As of May 2024, Admirals has a presence in approximately 135 countries. Its copy trading platform comes with several risk management solutions to help copy traders minimize their risks.

Admiral is a licensed brokerage firm, having secured permits from the UK’s FCA, South Africa’s CIPC, Jordan’s JSC, and Australia’s ASIC.

Admirals’ Pros and Cons

Pros

• Admirals charges low trading fees.
• Copy traders get access to over 4,000 tradable assets.
• A certain percentage of Admirals’ user deposits is insured.
• The required minimum copy trading amount is low.

Cons

• Admirals imposes a withdrawal fee.

AMarkets

This broker was developed with novice traders in mind. It has a beginner-friendly interface that allows new traders to access the financial markets with ease. AMarket currently hosts about 2,300 copy traders, who rely on roughly 480 lead traders for trading signals.

AMarkets Pros and Cons

Pros

• AMarkets adopts proper risk management tools for managing trading risk.
• Its trading fees are reasonable.

Cons

• AMarkets’ customer support needs some improvement.