Copy trading has been very popular since it was invented among most investors worldwide. Copy trade allows an advanced trader to be copied by an investor, which can help the investor maximize risk control, raise profits, and minimize losses.
In the past, when an investor tries to copy other traders’ strategies, the investor must find a signal provider from various trading groups, or a strategy sharer, and then go to a trading platform to trade on the basis of the information and signals obtained.
Many trading platforms have now incorporated the copy trading feature into their products and services, enabling most investors to more easily copy other traders. Currently, eToro, ZuluTrade, and Bityard have all launched a copy trading system for trading platforms on the market.
Etoro 
Etoro is a well-known trading platform that offers Forex trading, trading securities, trading commodities, trading indices, trading cryptocurrencies, reading CFDs, trading index related funds, and trading services for exchange traded funds (ETF). It is also a well-known forum for distinguished social trading services and complies with regulations overseen by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Instruments Markets Directive (MiFID), the Australian Securities and Investments Commission (ASIC)
With great social features, eToro developed its copy trade system. Similar to finding a friend on Facebook is finding a trader to copy on eToro. Users of eToro have personal accounts and can post content and respond to content from other users. EToro users can find the strategy style and trading history data of the trader on the personal page of a trader, which lets the users decide to copy or not.
The user discussion on eToro focuses on a wide variety of forms of asset investment, and the well-designed social environment is enjoyed by most users. EToro is probably a great choice for any investor who seeks a place for social networking and free discussions.
ZuluTrade 
ZuluTrade focuses primarily on Forex trading services, but also provides services for trading indices, stocks, cryptocurrencies and commodities. ZuluTrade has a forum tied up with several brokers, unlike most trading service providers. Similar brokers are based on the minimum deposit and financial regulations.
ZuluTrade has very popular Forex trading facilities compared to eToro, and ZuluTrade’s copy exchange system is also tailored for Forex trading. On eToro, traders are more diverse, followed by other users, and eToro’s user discussion and communication is more involved than other trading platforms. On the contrary, the consumer debate is mostly about Forex trading on ZuluTrade, with greater professionalism, which may be too difficult for beginners.
Detailed data about the traders will be shown on ZuluTrade to help other users find a suitable trader to clone. Trading-related data such as benefit, efficiency, drawdown and sharp ratio will be shown on the personal page of a trader on ZuluTrade. The personal pages of traders also include data on approximate ROI and net P&L for comparison when a ZuluTrade user wants to copy a trader. ZuluTrade is a fantastic forum for long-term forex trading investors.
Bityard 
Bityard, a relatively young exchange, focuses primarily on the trading of crypto assets, and also provides services for commodities and indices. In addition, shortly, it will launch US stock trading services. Bityard has received legal financial licenses issued by the Singapore Business Administration (ACRA), the Financial Supervisory Authority of the United States (MSB), the Australian Transaction Reporting and Review Center (AUSTRAC) and the Financial Regulatory Authority of Estonia (MTR).
Bityard is very young as compared with eToro and ZuluTrade. However, it offers skilled and rich trading services for cryptocurrencies, including more than 30 crypto spot forms and more than 15 trading options for contracts. On Bityard, which is a very good forum for crypto traders, common currencies related to DeFi (decentralized finance) are also available.
The highly user-friendly UI and trading progress interface is another excellent feature of Bityard. Within one minute, everyone can complete the registration and start trading in DEMO mode. Just five US dollars as a margin entry is needed to open a place in real mode, which is much lower than the minimum requirement of many other platforms. In reality, Bityard’s copy trading scheme is very simple to understand. A trader with a great trading output can be easily found by any Bityard consumer and finish the position margin setting to begin copying. Most individuals with no financial history may become acquainted with crypto investments on Bityard.
Conclusion
EToro is differentiated from the three trading platforms by its great social characteristics, which create a large-scale networking atmosphere for traders. ZuluTrade is a professional forex trading website. Bityard has numerous trading services for cryptocurrencies, and it’s one of the strongest sites for beginners. Each of the three platforms has its own characteristics overall.