Compare Social Trading Networks | SocialTradingGuru.com

Page 1 – Social Trading Networks Compared

The table below shows the features of the main social trading networks: ZuluTrade, eToro, Currensee, Ayondo, MyDigiTrade and Tradency. Please note that this is the old table view. The new table view which let’s you compare all from one page is found here (compare social network features – new).

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 Social Trading Network ZuluTradeZuluTrade eToroeToro CurrenseeCurrensee Ayondo Ayondo MyDigiTradeMyDigiTrade Tradency Tradency
Location Headquarters Greece Cyprus Boston, US Germany British Virgin Islands US
Social Autotrading live since 2010 2011 2010 2010 2010 2010
Broker Choice Own broker (AAAfx) + over 50 others Own broker only About 10 Own partnership broker About 15 About 40
Instruments Traded Forex currency pairs, Gold, Silver Forex currency pairs, Indices, commodities, individual company stocks Forex currency pairs Forex currency pairs, Indices, commodities, interest rates/bonds, individual company stocks CFDs Forex currency pairs Forex currency pairs
Account Currency Broker dependent($, Euro, £, JPY, AUD, RUB) $ only Broker dependent($, Euro, £, JPY, AUD) Euro, £, $ Broker dependent($, Euro, £, JPY, AUD, …) Broker dependent($ or Euro)
Minimum Investment requirement $300 $50 $1000 (though most traders to follow have higher minimum requirements) 100 Euro/$/£ $200 (dependent on broker) $1000
Cost / trade Spread + Commission (commission depends on broker and starts from 0 pips with AAAfx) Spread Only (spreads start from 3 pip / trade) Spread (depended on broker) Spread Only (spreads start from 2 pips) Spread + commission (depended on broker) Spread + 0 to 2 pips per trade commission (dependent on broker)
Management Fees Free Free 2% of capital invested / year + 20% of profits based on high watermark Free Free Free
Avg. EURUSD spread 2.5 pips 3 pips 2.3 pips 2 pips 2.5 pips 3 pips
ZuluTrade eToro Currensee Ayondo MyDigiTrade Tradency
Traders To Follow/Copy Choice > 10,000 > 10,000 About 20 > 1000 > 100 > 100
Follow/Copy other Followers No Yes No Soon No No
Network Prerequisites for Traders to be made available to investors
Execute 31 valid trades None 6 months positive managed returns + vetting process Minimum 15 trades and 1% return in first 30 days None Minimum 30 trades required and performance evaluated over 1 month
Traders required to Trade with Real Money No Yes (at start but can trade with bonus money afterwards) Yes No No No
Traders’ Compensation fee per lot traded in live follower accounts fixed bonus per live follower % of profit made in live follower accounts fee per lot traded in live follower accounts part of the commission per trade combination of fee per lot traded and fixed fee per follower
Trader Compensation linked to Results Yes – only paid in positive months No Yes – not paid if no profit Yes – fee increases the more profit is made (though still paid minimum if not profitable) Yes – more % of commission if results are better No
View Trade History from Trader Full Last 100 trades only Full (but without timestamps for the trades) Full Full Full
View Current Open Trades from Trader Yes Yes No Yes No Yes
Maximum Traders you can follow/copy Unlimited 20 Unlimited (though minimum investment required per trader) 5 Unlimited Unlimited
Acc. protection through allocation/trader Yes Yes Yes Yes No (limited) Yes
ZuluTrade eToro Currensee Ayondo MyDigiTrade Tradency
Demo/Practise Account Yes
Try ZuluTrade Here
Yes
Try eToro Here
No Yes
Try Ayondo Here
Yes Yes
Try Tradency Mirror Trader Here
Download Trader’s trade history in Excel Yes No Yes No No Yes
Mobile Apps iPad, iPhone and Android Android, iPhone and Blackberry No No No No
Facebook Integration Yes No No No No No
Twitter Intergation Yes No Yes No No No
Support Telephone, e-mail, online chat Telephone, e-mail, online chat Telephone, e-mail, online chat Telephone, e-mail e-mail e-mail
Forum Yes Yes No No No No
Fund Account Depends on broker (wide choice) credit card (Visa, Mastercard, Diners), wire transfer, PayPal, Neteller, Moneybookers, Western Union, WebMoney and MoneyGram Depends on broker debit/credit card or bank wire Depends on broker Depends on broker
Languages English, German, Spanish, Chinese, Japanese, Greek English, Spanish, German, Portuguese, Greek, Italian, Hungarian, French, Finnish, Arabic English English, German English English
Social Trading Guru Review ZuluTrade Review eToro OpenBook Review Currensee Review Ayondo Review Tradency Mirror Trader Review
Website Visit ZuluTrade Visit eToro Visit Currensee Visit Ayondo Visit MyDigiTrade Visit Tradency

Please visit the next page to compare the features of some more social trading networks and platforms.

 

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