Key Takeaways

• Best overall crypto exchange for copy trading: Phemex, thanks to flexible copier settings, multi-trader diversification support, transparent trader/risk data, and a newer copy-trading account model focused on risk isolation.

• Fine for broad mainstream copy-trading familiarity: Binance, with both spot trading and futures copy trading and separate copy-trading accounts documented in its FAQs.

• Fine for derivatives-heavy copy traders: Bybit, with multicopy support, separate parameters per master trader, and documented smart vs. advanced copy modes.

• Fine for marketplace-style social copy trading discovery: OKX, with a visible copy-trading marketplace showing metrics like PnL, win rate, AUM, and number of copiers.

• Fine for…