Being an eToro Guru Just Got Even Better!
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Hello eToro users,
It’s been a while since my last post and a lot of exciting things have happened at eToro which I would like to share with you.
We always encourage our users, traders and Gurus to provide us with feedback on our current features and many of you often do provide us with awesome feedback and ideas of how we can improve our services, products and our overall package. Above all, you help us move forward toward our combined goal which is a profitable eToro community. I am happy to announce that following considerable feedback from the eToro Community we have made some key improvements to the Guru program. We believe these changes will benefit both the Gurus and the copiers!
Starting this month Gurus will get Payment in Real Money
Gurus will be able to convert 20% or $100 the higher between the two(for example if you got $100 you can get it all in cash money, if you got $5,000 you can get $1,000 in cash) from their monthly payment to real cash money!
Yes there are conditions of course, but we think these are fair and balanced and encourage Gurus to trade responsibly and considerately, As always the idea is to incentivize the Gurus in a way that benefits their copiers!
The conditions for Cash Payment are:
- The Guru needs to have been eligible for a bonus payment for 3 consecutive months, and provided that the other conditions are met, on the 3rd month the Guru can receive cash payment.
- We have always asked our Gurus to be active on OpenBook, some are wonderfully active and some have needed a little motivation. To be entitled to receive the cash payment, Gurus will have to be active on OpenBook each month.
Since the idea is not to create difficulties for Gurus to get paid We are not setting the bar too high. We want to see eToro Gurus communicating with their copiers and explaining their actions and answering copiers and followers questions.
We require 20 monthly Openbook comments and posts.
- Finally, we ask Gurus to execute a minimum of 10 trades each month using at least 1% of their account balance. I know many of you think that 10 trades a month is not enough and you would like your Gurus to be much more active, however we don’t want to intervene with the Guru’s money management system. The reason we only count trades over 1% is because smaller trades may not be replicated for some of the copiers, specifically at the 2nd and 3rd copy levels.
- Per your great feedback we also added yet another payment limitation which we believe better aligns Gurus and Copiers interests. On top of being consistent for 3 months in order to receive the cash payments, Gurus are not allowed to hit bankruptcy (marked with Red Flag). Gurus who go bankrupt, will not be entitled to any kind of payment for that month.
On another note, you may have noticed recently that we added a biography area to the OpenBook profiles. This is for any user with an eToro account to enter static text about themselves, their trading strategy (or anything else of relevance). Only the owner of the profile can edit this text, it is not part of the dynamic conversations that take place on the discussion wall. Have you added your bio?
The Guru program is constantly evolving following ideas and requests both from our traders and our Gurus and this is simply the next step in a series of exciting changes that are intended to make the Guru program more rewarding for the Gurus and less risky for the copiers. What I have said in previous blogs remains just as important today that everything we do at eToro we do for eToro users!
I really hope that you find these blog posts useful and give you a better understanding of what we are trying to achieve and how we are going about achieving it. We continue to appreciate and value you feedback so please continue to provide it!
I will check the comments below (hopefully there will be many!!! Come-on give me incentive to write another post ) and if anyone has a suggestion on what they would like me to write about in my next blog, just enter it in the comments section.
Have a great and profitable week!
this post has been viewed 117 times