Social Investing in Malaysia 2022


Social trading is a relatively new phenomenon in the world of investment, but it is one that has taken off in a big way. Essentially, social trading allows investors to copy the trades of other investors with a high degree of accuracy. This can be a great way to make money if you are not confident in your ability to pick stocks yourself. In this article on AtoZ Markets, we will discuss the best social trading investing in Malaysia and how you can get started.

Investing can be a risky business, and many people are not sure where to start. Social trading platforms provide an accessible way for anyone to start investing. All you need is an internet connection and a willingness to learn. These platforms allow you to copy the trades of other investors and make money from their success.

How to Choose Social Trading Platforms in Malaysia?

There are a few things you should consider before selecting a social trading platform. The first is the fees charged by the platform. Many social trading platforms will charge a monthly fee, so be sure to compare the fees of different platforms before making your decision.

Regulations: Most important aspect to consider is Regulations. Each country has different rules and regulations when it comes to investing. Make sure that the social trading platform you select is regulated by the Securities Commission of Malaysia.

Platforms: Another thing to consider is the features offered by the platform. Some platforms offer more features than others, so be sure to select a platform that offers the features you need.

Trading Support: Another important factor to consider is the level of support offered by the platform. Some social trading platforms will offer a lot of support and guidance, while others will be more hands-off. It is important to find a platform that offers the level of support you are comfortable with.

Features: You should also consider the features offered by the platform. Some social trading platforms will offer a wide range of features, while others will be more basic. It is important to find a platform that offers the features you need.

Customer Support: Finally, you should evaluate customer service. Social trading platforms should offer excellent customer service in case you have any problems.

Once you have considered these factors, you should be able to select the best social trading platform for your needs. Remember, investing can be a risky business, so be sure to do your research before making any decisions!

Do you want to try CFD trading before jumping into Social Trading? We recommend the following 3 CFD Brokers.

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The Best Social Investing in Malaysia?

There are a number of social trading platforms available in Malaysia, but not all of them are created equal. In this blog post, we will discuss the best social trading platforms in Malaysia and how you can get started.

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eToro

eToro is one of the most popular social trading platforms in Malaysia. It offers a wide range of features and is regulated by the Securities Commission of Malaysia. eToro also offers excellent customer service and a wide range of support options.

etoro logo

image credit: eToro

If you are looking for a social trading platform that offers a wide range of features and is easy to use, eToro is a great option. It is also regulated by the Securities Commission of Malaysia, so you can be sure that your investments are safe.

eToro offers a wide range of features including:

-CopyTrader: This feature allows you to copy the trades of other investors on eToro.

-Live chat: This feature allows you to chat with other investors on eToro.

-WebTrader: This feature allows you to trade directly from your web browser.

-Mobile trading: This feature allows you to trade on the go from your mobile device.

eToro also offers excellent customer service and a wide range of support options. If you have any problems, you can contact customer service via live chat, email, or telephone.

How to Start Social Trading On eToro?

If you are interested in social trading on eToro, the first step is to create an account. You can do this by visiting the eToro website and clicking on the “sign up” button.

Once you have created your account, you will need to deposit money into your account. You can do this by credit card, debit card, or bank transfer.

Once you have deposited money into your account, you can start social trading! To do this, you will need to find other investors on eToro and copy their trades. You can also chat with other investors on eToro and learn from their experience.

What is the Minimum Deposit on eToro?

The minimum deposit on eToro is $200. This is a low minimum deposit compared to other social trading platforms.

Once you have deposited money into your account, you can start social trading! To do this, you will need to find other investors on eToro and copy their trades. You can also chat with other investors on eToro and learn from their experience.

What are the Fees on eToro?

eToro charges a fee of $25 for withdrawals. This is a relatively low fee compared to other social trading platforms.

eToro also charges a spread on trades. The spread is the difference between the buy and sell price of an asset. For example, if the buy price of an asset is $100 and the sell price is $105, the spread is $05.

eToro does not charge commission on trades. This is a major advantage compared to other social trading platforms which do charge commission.

What are the withdrawal limits on eToro?

The withdrawal limit on eToro is $50,000 per day. This is a high limit compared to other social trading platforms.

If you have any problems, you can contact customer service via live chat, email, or telephone.

If you are interested in social trading on eToro, the first step is to create an account. You can do this by following the link below and clicking on the “sign up” button.

AvaSocial

AvaSocial allows users to copy the trades of other successful traders. It's operated by Avatrade, which has been one of Europe’s leading forex brokers since 2009.

AvaSocial

image credit: AvaSocial

It is also licensed/regulated across multiple jurisdictions including CySEC (Cyprus Securities & Exchange Commission), ASIC (Australian Accounting Standards Board), PFSA, FSC, JFSA, FRSA, and ISA. 

Benefits of AvaSocial of AvaTrade 

- AvaSocial is a platform that allows you to connect with traders who are successful and mentors around the globe. You can then learn from them and follow their lead.

- AvaSocial allows you to create a transparent network of traders who are like-minded and can exchange information with you. This will allow you direct access to market opportunities.

- AvaSocial offers real-time trading signals, so you can keep one step ahead of your peers.

- You can share your top trades with friends and followers on social networks and earn rewards for trades that you make every day.

How do I get started with AvaSocial via AvaSocial?

- Download AvaSocial App to Create a Social Account

- Login to AvaSocial using MT4 login details

- Fund your account

- Start copying other traders by choosing the financial instrument you prefer.

What's the minimum deposit of AvaTrade?

AvaTrade requires a minimum deposit of $100. However, if you want to trade with AvaSocial, then you will need to have at least $500 in your account.

What are the fees on AvaSocial of AvaTrade?

Spreads: AvaTrade offers floating spreads that start from as low as 0.8 pips.

Commission: There is no commission charged on trades.

Overnight Fee: An overnight fee is charged when you hold a position overnight. The fee is calculated based on the interest rate differential between the two currencies involved in

What are the withdrawal limits on AvaTrade?

The minimum withdrawal amount is $50.- The maximum withdrawal amount is $10,000 per transaction.- There are no fees charged for withdrawals.

What are the leverage limits on AvaTrade?

1:30 for major currency pairs, 1:20 for minor currency pairs, 1:10 for exotic currency pairs.

So if you're looking for a social trading platform in Malaysia, then AvaSocial is definitely worth considering.

Pepperstone

Pepperstone, an Australian forex broker, offers multiple social trading platforms. These include myfxbook and MetaTrader Signals and DupliTrade. All platforms allow traders to copy trades from other successful traders. 

Pepperstone is licensed by the FCA, ASIC and DFSA as well as CySEC and SCB.

AutoTrade powered by myfxbook

AutoTrade Powered by myfxbook

image credit: myfxbook

Myfxbook's AutoTrade provides a great solution for busy forex traders who want to increase their trading skills and not have to use any software.

AutoTrade allows you to mirror the trades of the top forex trading systems and helps you improve your performance. 

AutoTrade by Myfxbook is an excellent tool for forex traders looking to improve their skills. It provides accurate statistics and allows you to control which systems are copied.

MetaTrader Signals on Pepperstone

MetaTrader Signals

image credit: MetaTrader

MetaTrader Signals can help you:

Diversify your trading by using multiple strategies.

You can reduce portfolio risk by switching between signal providers that use different approaches.

Remove the need for constant monitoring charts

Keep costs low: MT4 signal fees are often free or very low.

No paperwork is required to save time

Take full control of your account. Close trades, modify capital allocations to strategies, change stop-loss settings, or remove the strategy.

DulpiTrade on Pepperstone

DupliTrade

image credit: DupliTrade

DupliTrade, a social trading platform allows you to automate trading.

Duplitrade utilizes signals from professional traders to help you grow your trading knowledge and get a better understanding of pro strategies.

In DupliTrade, you need a minimum of $5,000 with Pepperstone. You'll have access to DupliTrade’s extensive portfolio of top strategy providers. These will be automatically traded on your MT4 account.

You can practice strategies on your demo account if you are still learning the markets.

What's the Minimum Deposit of Pepperstone?

The minimum deposit for a Pepperstone account is $200. However, to take advantage of the social trading platforms, you'll need at least $5,000.

What are the Fees of Pepperstone?

Pepperstone has low fees. For forex, Pepperstone charges a commission of $3.50 per lot round turn (0.7 pips) or uses a spreads plus commission model where the all-in cost is 0.0 pips + $3.50 per lot round turn.

What's the withdrawal limits of Pepperstone?

Pepperstone doesn't have any withdrawal limits. You can deposit with Pepperstone using a bank wire transfer, credit/debit card, or e-wallet (Neteller, Skrill). Deposits are free.

What's the leverage of Pepperstone?

Pepperstone offers leverage of up to 500:1. This is high risk and you can lose all your capital. Be sure to use proper money management with such high leverage.

Pepperstone is a great option if you are looking for a social trading platform that works in Malaysia.

Also Read: Best Forex Brokers in Malaysia 2022

Top Social Trading Platforms in Malaysia 2022

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Tickmill

Tickmill has a social trading platform called AutoTrade powered By myfxbook. This allows users to copy trades made by other successful traders. It is one the most widely used social trading platforms.

If you want a platform regulated by Labuan Financial Services Authority in Malaysia, Tickmill is for you.

Along with LFSA, Tickmill is also licensed and regulated by FCA, CySEC, FSCA and FSA.

AutoTrade Powered by myfxbook

image credit: myfxbook

Myfxbook's AutoTrade provides a great solution for busy forex traders who want to increase their trading skills and not have to use any software.

AutoTrade allows you to mirror the trades of the top forex trading systems and helps you improve your performance. AutoTrade by Myfxbook is the ideal tool for forex traders looking to improve their skills. It provides accurate statistics and allows you to control which systems are copied.

What's the Minimum Deposit of Tickmill

Different types of accounts have different minimum deposit amount. In classic and Pro account, minimum deposit threshold is $100 but in VIP account minimum threshold is $50,000.

What's the Fees of Tickmill?

In classic account, there is no commission and spreads start from 1.6 pips. In Pro account, commission is $2 per side per for per standard lot and in VIP account, commission is $1 per side for per standard lot. 

What's the minimum withdrawal limit of Tickmill?

Tickmill's Minimum withdrawal threshold is $25. It doesn't have any maximum threshold.

What's the leverage of Tickmill?

Tickmill maximum leverage is 1:500.

Tickmill is a great option if you are looking for a social trading platform that works in Malaysia.

Vantage

Vantage offers social trading with myfxbook, ZuluTrade and DupliTrade. It allows its users to copy trades made by other traders.

Vantage is licensed by the FCA, ASIC and CIMA.

ZuluTrade on Vantage

ZuluTrade allows you to copy trades made by other traders. With over 800,000 registered users, it is one of the most widely used social trading platforms. ZuluTrade requires a $50 minimum deposit to open an account.

ZuluTrade has many features and services to help traders succeed. It offers a demo account that allows new users to test the platform before they commit to using it. For experienced traders, features and services are tailored to Malaysian investors.

AutoTrade powered by myfxbook on Vantage

Myfxbook's AutoTrade provides a great solution for busy forex traders who want to increase their trading skills and not have to use any software.

AutoTrade allows you to mirror the trades of the top forex trading systems and helps you improve your performance. AutoTrade by Myfxbook is an excellent tool for forex traders looking to improve their skills. It provides accurate statistics and allows you to control which systems are copied.

DupliTrade on Vantage

DupliTrade, a social trading platform allows you to automate trading.

Duplitrade utilizes signals from professional traders to help you grow your trading knowledge and get a better understanding of pro strategies.

In DupliTrade, you need a minimum of $5,000 with Pepperstone. You'll have access to DupliTrade’s extensive portfolio of top strategy providers. These will be automatically traded on your MT4 account.

What's the deposit limit of Vantage?

Minimum deposit threshold varies depending on account types. In STP Standard accounts, the minimum amount is $100, in Raw ECN accounts, the minimum deposit is $500, and in Pro ECN accounts, the minimum deposit threshold is $10,000.

What's the Fees of Vantage?

In Standard STP accounts, there is no commission. In Raw ECN accounts, the commission is $3 per lot per side. And in Pro ECN accounts, commission is $1.75 per lot per side.

You can practice strategies on your demo account if you are still learning the markets. So, Vantage is a great social trading platform for Malaysian traders.

These are the most popular social trading platforms available in Malaysia. Each platform has its strengths and weaknesses, as you can see. It is important to choose the platform that suits your goals and needs.

Conclusion

If you're new to the world of social investing, We suggest you to start with the demo account first to get an understanding of how it functions. If you're an experienced trader, you must choose an account that has features and services specifically designed to Indian investors. Have you had any experience with the social-media trading platform? Please share your experience in the comments below.

Best Social Trading Platforms in Malaysia 2022

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