eToro has developed their own platform that is used by all their customers. This platform enables several ways of handling one’s portfolios, with the centre being the copy trading function. As mentioned before, traders can either trade for themselves, copy or use one of the copy funds.
eToro Trading – Auto Copy People with the CopyTrader
When logging into eToro, on the side, one needs to select “Copy People” to see the lists of best investors or top trending investors one can copy trades from. The interface will offer important statistics as overall return he has managed to achieve in the last 12 months. Als ot he number of other people using them will be included (number of copiers) and the change in copiers in the last 7 days. There is also a risk indicator. Clicking on the investor will present even more data like return through time, asset allocation of her portfolio, most successful assets and more.
You can add each to your watch list or click on the investor and then hit copy to start copying her trades. Before copy trading starts, amount that will be allocated to that trader must be decided. The interface will also show the value of investors average trade and also let trader choose a cutoff value after which the system will stop automatically copying.
eToro claims that the CopyTrader system has shown a success rate of 80%, and they tested 124 million trades to get that stat, which is quite impressive.
eToro Trade Markets
eToro Trade Markets function is basically the interface for manual trading. Its nice and playfull as is the copy trading but we did not find it very functional. While regular brokers offer MT4 or similar platforms with many charting tools, etoro trading function is lacking those. Small benefit is the asset news feed where newest info and recommendations are displayed, but overall, its better for an occasional trade, definitely not day to day trading.
eToro CopyFunds are instruments that can be traded as any other. The idea is to bound together potential of best investors on the platform and create a vehicle that will generate returns in long term by being constantly calibrated for optimum performance. Since it is diversified it carries less risk than trading individual assets. There are market CopyFunds, TopTrader CopyFunds, PartnerCopyFunds… so take your picl
Popular Investor Program
In case you are an experienced investor, then you can offer your services to others over eToro – others can copy you and you can earn spred rebates and percentage of assets you are managing for others.
Traders might find useful to know how the stats on eToro are calculated. There are 5 factors that are taken into concern:
Assets that can be traded on eToro platform are indices, currencies, commodities, stocks, ETFs. There are about
- 45 currency pairs,
- 12 indices
- 7 commodities
- 950 equities
Etoro Cryptocurrency Exchange and Trading
Cryptocurrencies available on eToro are:
- Ripple and
- Ethereum Classic.
Amazing thing about eToro is that customers actually own the cryptocurrency when they go long instead of just trading it as an underlying asset with a CFDs! This means that eToro does not offer leverged cryptocurrencies trading based on derivatives, but true exchange and trading opportunity.
To find out more about the difference between cryptocurrencies traidng and exchanges, read our cryptocurrencies guide.
Other than the webtrader, eToro also includes iOS and Android app.
65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.