Copy trading has changed the game in India when it comes to trading. It does not matter if you are a brand-new novice with no knowledge of financial markets or a busy investor that does not have the time to analyze a market. Copy trading gives you the ability to copy trading done by professional traders at the push of a button, automatically. The demand for copy trading has grown so much that there are now various stockbrokers in India offering or enabling copy trading through 3rd-party platforms or APIs.
In this article we will define copy trading, how it works, and share some of the best copy trading stockbrokers in India.
What is copy trading?
Copy trading is basically an automated trading service that enables an investor's account to follow and mirror the trades of an experienced trader, with trades being copied in real-time and pro rata based on the follower's capital. This enables novice traders to take advantage of expert strategies but does not require the novice trader to make their own trading decision.
Advantages of Copy Trading
- ✅ Easy for Beginners: No need to perform technical analysis or research at a deep level.
- ✅ Time Saving: The trades will be executed automatically, which eliminates hours of trading you've spent manually.
- ✅ Lots of Strategies: You will access more than one expert strategy as trading is done across multiple markets.
- ✅ Transparency: You can see the historical performance and risk of the traders you are following.
Is copy trading legal in India?
Certainly, copy trading is legal in India as long as it is done through a SEBI-registered broker and copy trading platform that comply with regulatory guidelines. Most brokers don't offer any native copy trading features, but platforms like Combiz Services Pvt Ltd offer safe and legal API-based copy trading solutions that connect with brokers like Zerodha, Angel One, Alice Blue, etc.
Top Copy Trading Stock Brokers in India
The following are some of the major stockbrokers in India that allow their clients to copy trading or enable third-party copy trading tools.
1. Zerodha
India's largest discount broker.
Zerodha does not offer copy trading natively; however, they do allow third-party API integration to tools like Combiz Copy Trading Software.
2. Angel One
Full-service broker that is popular and has a big user base.
They allow 3rd-party copy trading via a number of different clone trading apps like Angel One Clone App Combiz Services.
3. Alice Blue
Known for offering low brokerage and fast API access.
They are best suited for copy trading platforms, which allow real-time trade execution.
4. Upstox
A popular broker amongst super savvy traders.
Can be integrated with automation tools that allow copy trading features.
5. 5 Paisa
Another very budget-friendly broker.
Not many automatable features, but can do trade execution via integrated apps.
How to Begin Copy Trading in India?
Pick a SEBI-registered broker like Zerodha or Angel One. Once you have your SEBI-registered broker, choose a reliable copy trading platform like Combiz Services Pvt. Ltd. Connect your trading account to their platform via API. You can then search and start following expert traders based on their performance, risk, and strategy. From there, you just need to monitor the trades you are making and update your risk settings as you see fit.
Why Combiz Services for Copy Trading?
Combiz Services Pvt Ltd is one of the leading copy trading software providers in India. They offer features for copy trading software with:
- ✅ Real-time signal copying
- ✅ Multiple brokers
- ✅ Risk management
- ✅ Clone trading apps like Angel One Clone App
- ✅ User-friendly setup for master-child account setup
Combiz is great whether you are a trader trying to build a following or an investor looking to copy a successful trader. By choosing Combiz Services Pvt Ltd, you can be confident and scalable!
In Conclusion
Copy trading is changing the way many Indians think about stock trading. With any SEBI-registered broker and a trusted company like Combiz Services Pvt. Ltd., there is no more trading harder instead of smarter. Always remember to analyze the trader you are copying and utilize risk controls.
Are you ready to start? Check out the best copy trading stockbrokers in India and get started in automated trading today!
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