eToro is a copy trading platform but also a broker. You can trade by yourself while copying other professional traders.
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.
All Copy Trading Ranking: 1/10
Minimum investment requirements: $200
Management fees: FREE
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.
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.
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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