eToro Copy Trading
Copy and Follow Top Traders
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Since being introduced in 2010, the CopyTrader feature has become a favorite tool among users especially newbie investors because it allows traders to follow, copy and learn from the very best investor users of the eToro trading app.
This section will explain everything you need to know about eToro's CopyTrader. You may also want to read our detailed appraisal to see our rating for this broker.
eToro's copy trading feature is no doubt an interesting way to invest and if you're already curious enough to test it out, you can click on the button below to open an account to begin your trading journey.
78% 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.
The CopyTrader feature allows investors to copy any trader's strategy and positions in real-time. Users can browse profiles of eToro's most successful traders to see their earnings and positions, so they can easily mimic their opening in a trade position and their other strategies such as amount of leverage used, target profit, stop-loss and timing of when to close a trade.
Simply say: It is almost like shadowing an experienced trader on the floor of an exchange such as the Wall Street exchange and imitating all their trades.
Most eToro users are not full-time investors who can afford to put in the time to watch and study the markets 24/7. This is where the CopyTrader feature of the trading app becomes useful.
By using CopyTrader, you can easily follow, copy and learn from the expertise of the successful traders who are using eToro. This feature allows you to replicate the portfolio of top-performing traders.
A list of traders can be viewed on eToro’s platform based on certain parameters. You can get specific results based on the following:
When you access an eToro trader's public profile, you will be able to see 4 main sections:
Once you've decided to copy a trader and this is your first time to do it, you will get a one-time notice about this trading method including a short introduction about this feature, and your authorization and confirmation to all the listed specifications. Be sure to read the CopyTrading Risks and the terms and conditions before clicking on the "Confirm" button.
To copy traders on eToro, just follow these simple steps:
Here's a short 30-second video on how to copy a trader from the mobile app:
Any eToro user who are willing to engage with a moderate risk to achieve sustained profit growth both in short and long-term period by relying on the investment decisions of well-experienced traders.
Aside from making life easier when investing, the advantages of CopyTrader are numerous and includes vast earning potential, diversified portfolio, learning from the best traders, copying of long and short-term trades, investing on top performing stocks and for most copiers, receiving dividends.
The concept of CopyTrader is basically simple: copy other traders. The other steps that completes this process are as follows:
Before you can start copying other traders, bear in mind these basic requirements:
Users can select from two methods when copying a trader. These are by:
This can be set via the Copy pop-up screen. With the "Copy Open Trades" box checked (which is the default), this will set the system to also copy all the existing open trades and the future traders of that specific user while unchecking it will only start copying when the user opens new positions.
After you have selected a trader to copy and decided you would want to copy all their trades, this means you are also opening on all of their existing trades, under the following conditions:
You can view every trade copied from a trader by going to your portfolio and clicking the Copied Trader's profile.
When you choose this method of copying a trader, you will be subjected to these following terms:
eToro has a feature within a feature of CopyTrader called the Copy Stop-Loss (CSL). The CSL allows users the ability to have more control of their Copy portfolio by having a risk management system in place across all copy relationship based on updated Profit / Loss amount.
The system set the CSL at a default value of 60% of your total invested copy value per copy relationship. What this will do is when your copy value experienced a loss of 60%, the CSL will function by terminating that copy relationship. It will then return the remaining funds back to your fund balance.
Remember: This is only the default setting. You can set your CSL anywhere from 5% to 95%.
You copied a Trader with $2,000. You set your CSL to 50% of the equity to return to the account, which equals to $1,000.
Once the current equity, including the profit/loss stumbles to $1,000, the copy account will be automatically closed, and the remaining funds (50% of the original copy amount) will be returned to your balance.
This new feature called the "Pause Copy" allows you to stop copying a trader without having to close all your opened positions. To "Pause Copy" a Copied Trader, you need to go on your Portfolio page and click "Pause Copy" on the settings.
Even the best traders can make bad trading decisions. Therefore, CopyTrader still comes with a risk. Here are some ways on how to lessen the risks when using CopyTrader:
Based on the latest figures released by eToro, 50 of their most copied traders had an average yearly profit of 30.4% for the year 2021. In comparison, this is notably lower than the rate for the year 2020, where it registered an average yearly profit of 83.7% and just slightly higher than 2019's rate, which was at 29.1%.
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Now that you have all the information that you need, you're probably more interested now about copy trading and wondering where to start. The first step is to open an account with eToro and to make things easier, you just need to click on the button to get started.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.