Copy Trading India: Brokers, Software & How It Works
Copy trading has become among the most popular innovations in the Indian stock market. It’s an ability for traders to automatically follow successful investors’ trades. Effectively, it’s copying one trading account into another trading account. As a newer concept, it’s an advanced version of social trading.
Copy trading requires two different accounts:
- Master Account – where the trading decision is made.
- Child Account – automatically copies the master account’s trading.
Both accounts are Demat accounts with registered Indian stock brokers. Traders can’t copy trade unless they sign up for a Demat account.
Why Copy Trading Is Important in India
For many traders (especially new traders), copy trading allows them the opportunity to learn and trade within the market without years of experience. By copying some of the most successful traders, investors can roll out their trading strategies in real time. Almost all the platforms supporting copy trading provide the service easily, transparently, and under one roof.
One of the leading providers of copy trading functionality in the Indian stock market is Combiz Services Pvt Ltd
It is a company registered in India providing fantastic copy trading software, APIs, and tools providing connection with multiple Indian stock brokers. Combiz allows multi-broker connection with over 30 brokers including NSE, BSE.
Top Brokers Supporting Copy Trading in India
There are a number of well-known brokers in India that provide APIs for Copy Trading. In conjunction with the Combiz Service copy trading solutions, trades placed in a master account will then be replicated instantaneously into child accounts across various brokers.
Contact Us for Copy Trading Inquiries
1. Finvasia
Finvasia provides free APIs for algo trading and copy trading. Within Combiz dictation, trades in the Finvasia account will copy in child accounts at Finvasia or any other broker with Combiz integration.
2. Compositedge
Compositedge is also a popular broker that provides easy access to APIs. In the Combiz software, trades executed in Compositedge would be reflected in the multiple brokers without delay.
3. Nirmal Bang
Nirmal Bang account can also be connected through the Combiz service, as it provides free APIs for trading automation. Both equity and derivatives can be copied without difficulty.
4. SAS Online, Gill Broking, SS Corporate, Pure Broking, Agaram Broking, Astha Trade, Anand Rathi, Arham Wealth, AC Agarwal, Aditya Trading Solutions, Basan, and BNR Securities
All these brokers also provide API access. Therefore, through Combiz Services Pvt Ltd, traders can copy trades between brokers across the cash, F&O, intraday, and delivery segments of the market.
Final Thoughts
The Indian stock market is quickly becoming automated and copy trading is leading to that adoption. Utilizing products like Combiz Services Pvt Ltd, traders can connect their Demat accounts with different top brokers, and instantly copy trades across multiple accounts.
If you've never traded before and want to learn, or if you're a skilled trader managing multiple accounts, copy trading can be a more intelligent, faster way to participate in the market.
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