eToro CopyTrader Review
Social trading platforms allow you to follow others, copy their trading decisions or even build your own following. Understand how eToro's platform can work for you, whether you're new to Forex trading or an experienced trader.
Buy shares outright or trade CFDs on shares, indices, Forex, cryptocurrencies and more*. Connect with over 6 million other investors, follow or copy their trades in real-time on eToro.com.
- Markets: Forex (CFD), Cryptos (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
- Platforms: Copy trading
- Regulators: Australia, E.U., UK
- Incorporated: 2007
eToro's social trading platform
1. Follow successful users
eToro's platform is built around OpenBook, a newsfeed similar in many ways to your Facebook or Twitter newsfeed. Follow successful users to receive their posts, updates and trading tips. If you are new to Forex and online trading, this is an opportunity to connect and learn from others.
2. Copy their trades
Once you've found a trader with a strong track record, CopyTrader allows you to automatically copy their trading positions in real-time. Choose between copying all their trades (including all open positions) or just new trades. eToro will also automatically carry over any stop loss and take profit orders. From that moment onwards, your account will mirror theirs until you decide otherwise.
3. Get paid to trade
If you build a following, eToro (eToro.com) will reward you through its Popular Investor Program. Earn a 2% management fee across your followers' annual Assets Under Management. In addition, you're also receive a 100% spread rebate across all your trades. These amounts are in addition to the profits from your own trading activity. Crucially, all Popular Investor earnings are credited monthly and can be withdrawn.
Risk management tools
However, following other users isn't without its risks as even the best can experience losses when the markets turn against them. eToro's (eToro.com) platform comes with a wealth of risk management tools that limit your exposure to loss making trades.
- You cannot invest more than 20% of your account's equity in a single trader. As you cannot invest less than $100 in a trader, we recommend depositing upwards of $500 upfront when you open your account.
- eToro's Copy Stop Loss (CSL) feature limits your exposure to a single trader to a set dollar amount. By default, that amount is set to 40% of the copied balance. However, you can adjust it manually anywhere between 95% and 5%. eToro will automatically terminate the copy relationship when its balance falls below that amount.
- eToro's Copied Trades Stop Loss (CTSL) feature allows you to limit your exposure to individual copied trades. This is in addition to the protection your receive through the CSL.
- Last but not least, you can close a copied trade manually at any time.
eToro's platform is available online at eToro.com and on mobile, through iTunes and the Google Play store. Its social trading app has over 1,000 different investment opportunities across currencies as well as CFDs on stocks, indices and commodities. Visit eToro.com to find out more.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFD assets.
CFDs: 75% of retail investor accounts lose money when trading CFDs with this provider.
Stocks: your capital is at risk. Other fees may apply.
Cryptoassets: virtual currencies are highly volatile. Your capital is at risk.
Past performance is not an indication of future results. This content is for educational purposes only and is not investment advice.
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