Broker
eToro is a copy trading platform but also a broker. You can trade by yourself while copying other professional traders.
ETORO
OVERVIEW
eToro started in 2006 and has focused on connecting traders. Nowadays, eToro has millions of users and allow you to trade almost everything from crypto currencies to indices. Furthermore, you can copy other traders.
FACTS
All Copy Trading Ranking: 1/10
Minimum investment requirements: $200
Management fees: FREE
PROS
CONS
ETORO REVIEW
eToro is one of the biggest social trading platforms because they allow you to invest in people who is trading his own money and that is always a guarantee. On the other hand, you do not have much detail about trader’s history, but it can be compensated thanks to their big education section. In addition, they are improving every day and they’ve launched features like Copy Funds that allow you to copy hundreds of traders in 1 click.
eToro allow you to start your investment for as low as $200. The greatest advantage is the possibility to copy a fund with as low as 100$, this way you can diversify without having a big trading account. Moreover, eToro offers a wide range of financial products that allow traders to diversify their own strategy. eToro has become very popular among novice investors because you can gain followers very easy. It’s a good site to share your strategy or copy hundreds of them in 1 click.
ETORO GUIDES
ETORO BLOG
ETORO VIDEO
This tutorial is about the eToro demo account. Each new eToro user receives $100,000 in virtual money to practice with. As part of eToro’s mission to promote financial literacy, we encourage our new users to explore, trade, copy and invest without risking real money, before they start trading.
ETORO FAQs
How do I start copying a trader?
On the eToro platform, you’ll see a Copy People button on the sidebar located at the left side of the screen, under the ‘Discover’ section.
Clicking it will redirect you to our featured traders page, providing advanced search criteria to discover the trader most suitable for your trading needs and wishes!
Which fees and commissions does eToro have?
For a full overview of all eToro’s fees and commissions, please refer to fees page.
What is the minimum deposit amount in eToro?
eToro is offering you the opportunity to start your own trading account with a minimum deposit amount of between $200 and $500.
To view your required minimum deposit, simply click “Deposit Funds” and the minimum required amount will appear in the “Select Amount” box.
Do you want to go fast? If you don’t you need to start Copy Trading with our step-by-step guide, start here
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Currency trading with leverage implies an important risk for the investor and there is always the possibility of losses. These instruments carry a high risk if they are not managed properly and a profit can quickly become loss as a result of price changes. Due to the risk factor inherent to this type of trade, only funds intended for risk investments should be used. If you do not have extra capital you may be willing to lose, you should not trade in the forex market. It has never been proven that there is any system or portfolio of systems that is completely safe and no one can insure future profits or losses. Before you start trading in the forex market you should think carefully about your goals as an investor, your level as an investor and your risk aversion to determine if this is the type of investment you want to make. If you are in doubt you should seek advice from a professional financial advisor to advise you about the investment.
