FP Markets Social and Copy Trading: pros, cons, and profit potential

The rise of community-driven trading has transformed how retail traders interact with financial markets. FP Markets, a top-tier Forex and CFD broker, offers both Copy Trading and Social Trading – but what’s the difference, and which one suits your style?

In this guide, we’ll break down:
✔ Key differences between Copy Trading and Social Trading
✔ Pros and cons of each approach
✔ How FP Markets enhances both experiences
✔ Which method is best for beginners vs. advanced traders

Let’s dive in!

Copy Trading vs. Social Trading – what’s the difference?

🔹 Copy Trading (automated mirror trading)

• Definition: Automatically replicates trades from expert traders in real time.
• Best for: Passive investors, beginners, or busy traders who want a hands-off approach.
• How it works:
  • You select a master trader based on performance stats (win rate, risk level, etc.).
  • Your account copies their trades instantly with proportional risk.
  • No manual intervention needed—execution is fully automated.

➡More about: Social Trading: PAMM, MAM and Copy trading of Forex, stocks, commodities, Gold and Cryptocurrencies

🔹 Social Trading (community-based learning)

• Definition: A platform where traders share ideas, strategies, and market insights.
• Best for: Traders who want to learn, discuss, and manually execute trades.
• How it works:
  • You follow and interact with experienced traders.
  • You analyze their trades but execute them manually.
  • More control over entries/exits compared to copy trading.

Key difference:

• Copy Trading = Automation (trades execute without your input).
• Social Trading = Education and manual execution (you decide when to trade).

Copy Trading and Social Trading – pros and cons

✅ Copy Trading pros:

• Saves time – No need for market analysis.
• Access to proven strategies – Copy professionals with verified track records.
• Diversification – Copy multiple traders to spread risk.

❌ Cons:

• Limited control – You can’t modify individual trades.
• Risk of over-reliance – If the copied trader fails, you lose too.
• Performance fees – Some master traders charge a profit share.

✅ Social Trading pros:

• Learn from experts – Observe and discuss strategies.
• Full control – You choose which trades to take.
• No blind copying – Reduces dependency on a single trader.

❌ Cons:

• Requires time – You still need to monitor markets.
• Emotional bias – You might second-guess successful traders.
• No automation – Slower execution than copy trading.

Copy and Social Trading with FP Markets

FP Markets integrates Myfxbook AutoTrade and DupliTrade for seamless copy trading, while its active trader community fosters social trading. Here’s why traders choose FP Markets:

🔹 For Copy Traders:

• Verified performance stats – Transparent track records of master traders.
• Flexible risk settings – Adjust lot sizes based on your account balance.
• Tight spreads and fast execution – Ensures trades are copied efficiently.

🔹 For Social Traders:

• MT4/MT5 and cTrader platforms – Advanced charting and analysis tools.
• Trader sentiment indicators – See what others are trading in real time.
• Educational resources – Webinars, market analysis, and expert insights.

Which one should you choose?

📌 Choose Copy Trading if you…

• Are a beginner who wants a hands-off approach.
• Have a busy schedule but still want market exposure.
• Prefer automation over manual decision-making.

📌 Choose Social Trading if you…

• Want to learn actively from experienced traders.
• Prefer manual control over trade execution.
• Enjoy market discussions and strategy-sharing.

FP Markets review

Since 2005, FP Markets has built a strong reputation as an ASIC and CySEC-regulated broker, offering tight spreads from 0.0 pips and ultra-fast execution under 40ms. Ideal for active traders, it supports MT4, MT5, and cTrader platforms with excellent copy trading through Myfxbook AutoTrade and DupliTrade. While it lacks a built-in social trading platform and has a limited crypto selection, its ECN/STP model, strong regulation, and institutional-grade execution make it a top choice for forex and CFD traders. With a $100 minimum deposit and transparent pricing, FP Markets delivers professional trading conditions, though a $10 monthly inactivity fee applies after three months—a solid pick for performance-focused traders.

Related articles:

• FP Markets trading instruments: trade forex, stocks, crypto, and more

• Social Trading: PAMM, MAM, and Copy trading of Forex, stocks, commodities, Gold, and Cryptocurrencies

• FP Markets Australia: a trusted ASIC broker with tight spreads and fast execution