eToro (Europe) Ltd., a Financial Services Company authorized and regulated by the Cyprus
Securities Exchange Commission (CySEC) under the license # 109/10
Past performance is not an indication of future results
Traditionally, the term Open Book is used in financial institutions to internally display aggregate volumes of all current trades whose status is updated in real-time.
At eToro we took the term couple of steps further.
eToro’s OpenBook is a social trading application that enables all eToro users to benefit from one another’s knowledge and market insights. Using OpenBook you can follow any traders you like, whether a friend or any other trader you want to track and learn from. In exchange, any other eToro users can follow your activities as well, so you too can gain a loyal following. With Open Book you get live trading feeds of everyone’s activity, performance analysis and trading patterns of your own and other’s performances, and more social interaction features that can help you engage with other users.
As an eToro registered user, you`re already registered to OpenBook. Dive into anything you like, but on your way you might want to check out these three main features:
See what real traders are trading in real time.
Find and Follow traders, based on your personal preferences.
Copy the trades you like instantly.
Once you`ve signed up you will automatically gain full access to Open Book. Your trading activity will be automatically published and analyzed.
You can login and enjoy OpenBook as a Practice Account user. However, trading activity and profiles are only displayed for real traders. This is important to ensure that any performance based decisions are made based on real trading activity. You can even copy real trading action into your Practice account to experience one of the OpenBook unique features.
The performance displayed in Open Book is based on a daily or accumulative gain percentage, winning positions ratio and the number of trades. In addition, OpenBook shows statistics based on your trading patterns such as: instruments you trade, risk/reward levels, average trade duration and much more useful information.
All data is updated constantly and automatically – most of the time you’ll see the live activity feed updated in real time. In certain times, it may take up to a few seconds to see your latest activities published. The public feed, in times of high volumes is designed to omit activity to allow for better browsing experience. The filtered feed (traders you follow) is always accurate and displays all real time activity.
CopyTrader is the most powerful feature of eToro OpenBook. eToro OpenBook enables you to: See what real people are trading in real-time, find and Follow the traders you like and most importantly, Copy their trading activity with one “click.” The CopyTrader – powered by eToro – will change the way you and all people trade, as it enables you to build a real people-based portfolio.
CopyTrader is easy as 1 – 2 – 3!
1. Find the traders you want to copy
2. Set up your CopyTrader amount
3. Manage your people-based portfolio
We encourage you to engage with the trader you are copying in order to gain insight into their strategies. Our community is all about openness, and your Popular Investors would love to explain the reasons behind their decisions.
The best place to find the current top performing traders, is in the live rankings. Of course, the OpenBook has many other places where you can discover top traders: The Live Trading Feed, Market Pages, search, and more.
The rankings are based on total gain or winning ratio. We use several different filters and criteria to rank our top traders. Filters include, but are not limited to the following and may differ for different time periods selected:
Minimum number of positions opened or closed for a time period
Minimal winning ratio for a period
Number of days/weeks which the investor was active (had at least one open position)
Minimal average position duration
Maximum ratio of high leveraged trades
Maximum leverage amount placed in a single trade
Minimal total investment for the period
We are continuously improving our ranking algorithms and therefore, our ranking criteria may change from time to time. If you want to keep up with our product updates please follow our OpenBook blog. If you believe you should have been ranked and don’t see your name on the list you are more than welcome to contact us.
The gain is calculated based on the “Modified Dietz” formula.
For more information, please refer to the blog.
Of course! We give you the freedom to copy whoever you like. If you have spotted someone you want to copy, go ahead! Functionality remains exactly the same as for a ranked investor.
On any user profile page you’ll see a big green “CopyTrader” button just below the profile image. Click it and you will be prompted through the rest.
How much or little do I need to allocate to Copy a Trader? UPDATED!
You can Copy a Trader using as little as $100 or up to 40% of your realized equity.
Realized Equity = Total Available Funds (Your balance and all available funds in your
CopyTrader balances) + Sum of Invested Amount of all your Open Positions.
In addition – if your current realized equity ranges between $50-$250, you`ll be able to set the amount of the CopyTrader within this range without any limitation (as long as you have sufficient funds in your balance).
For a short period during the launch phase, we are also limiting each Copy action to a maximum of $50,000 (whichever parameter comes first).
Of course you can and you should! You may use your existing Practice account to try out CopyTrader just like you would on the Real platform. Although Practice account activity does not show up on the OpenBook, copying is fully functional. We recommend you familiarize yourself with our WebTrader platform and CopyTrader functionality to get a good sense of the experience.
Absolutely nothing! Since OpenBook is part of eToro’s broad range of products, we want you to be a part of the full experience that eToro has to offer without paying anything extra for it. Just as it has been, eToro is compensated through a portion of the bid/ask spread of the trades you place. Spreads remain the same regardless if you are copying someone or manually trading yourself.
Total Available Funds = Your balance and all available funds in your CopyTrader balances.
No. There are several events that may cause distortions of allocations and performance. Read more about it here.
Once you have Copied a Trader, click the Trading button in the top menu. Once the trader you’ve copied opens a new trade, you’ll see it instantly in your account! And the best part is that the trades will be opened in the same proportional amount!
Very fast! But seriously, trades are typically executed in less than a second from the instant the trader you copied executes their own trades. CopyTrader has been built from the ground up, so you should not experience any latency whatsoever.
All CopyTrader activity is copied proportionally into your account. There is no minimum lot or unit size and we have enabled fractional units especially for the purpose of CopyTrader. Unlike typical signaling systems where trades are always executed at pre-defined amounts, we strongly believe that money management is an important strategy of any wise investor. Therefore we designed CopyTrader to mimic not only the trading activity but the proportions of each and every trade as part of a portfolio. Don’t be surprised to find trades opened for small or unrounded amounts. CopyTrader is simply proportionally replicating the activity of the Copied investor.
Copied Trades will always have a link icon attached to the trade in each row.
We do our best to ensure execution of all trading activity is as quick as possible. You should experience no delay when copying, so the price should be the same as the trader you have just copied. However, in times of extreme volatility, when prices are fluctuating erratically, trades may be executed at slightly different prices. This only affects trades that are either opened or closed during a specific volatile period and does not affect trades that are already open.
Nothing can be guaranteed when it comes to investing performance, so we think it best to set goals and expectations and choose wisely when deciding who to copy. They say there is no reward without risk but the opposite is also true, which means the traders with the highest gains are NOT always the ones you should copy. Please also bear in mind that past performance is not indicative of future results.
You can easily stop copying an investor by simply closing the CopyTrader row on the WebTrader platform. For each CopyTrader action you’ll see a row displaying the investor you copied and a “close” button to the right. Please note that any open trades that you have copied from this investor will automatically be closed as well.
Once a CopyTrader action has started, you can allocate more funds into an existing Copy by editing the amount displayed on each CopyTrader row. Please note this will only affect new trades and not re- proportion existing trades.
Yes. If you expand a specific CopyTrader row, you’ll be able to see all the single trades executed in your account. You can choose to close a single trade from the list. Please keep in mind that the amount of the closed trade will transfer into your remaining account balance and will not be allocated back to the specific Copy amount automatically.
We always encourage communication between members of our community. You can reach out to any trader in the community by commenting or opening a discussion on his profile page.
No. We never display the size or value of your trades or balance. All your personal account information is kept confidential and we only publish your trading activity.
Yes you can, and you should! You can use CopyTrader to copy up to 20 different investors at any given time.
As always, smart money management and consistent trading strategy are important to keep you balanced and secure. Choose who to follow wisely and learn from our growing community of investors. Don’t be distracted by promises of high gains and keep in mind that performance and gain is very subjective. For one person, gaining 30% a month might sound exciting and for another very risky. Find what works for you!
Yes you can. There is no need to open another account for copying or trading manually. It’s easy to distinguish between copied and manual trades. Copied trades will always have a link icon in each row. If you are copying a trader you will also see his username displayed at the beginning of every row.
OpenBook only publishes and analyzes data related to your trading activity and based solely on trading actions as open and closing a trade. We will never share any personal contact details or any information directly related to your account funds or standing balances.
Your personal and private information is perfectly safe on Open Book. Other Open Book users have no access to your private account information, and can only view specific information related solely to your trading activity.
One of the biggest benefits of OpenBook is that all you have to do is trade as you’re used to. We will take care of sharing and publishing your activity.
NO. Sharing your activity is completely optional, and you can turn this setting on or off at any time. If you do not want to share you trading activity simply login to OpenBook and click Privacy Settings to disable all sharing activity. By choosing not to share your activity you will be removed from the OpenBook community. At any time you can come back to OpenBook by signing in and enabling your share settings again.
No, other OpenBook users will never be able to see how much money you have in your account. People will be able to see information such as the relative portfolio weight of each instrument in your account, or the price at which you opened trades / created orders, but they will never see the amounts you trade or your account balances.
There are lots of ways to find traders who share similar trading interests. You can browse the public activity feed to find users who’s trading activity strikes as interesting. If you see a trader who is currently trading the same instruments as you, or perhaps trading from the same country, all you have to do is click on that trader’s screen name to learn more. From there, you can explore that user`s profile, statistics, friends and much more.
You can also check out the Rankings. Users who are ranked are probably a good way to start following. You can check out their performance, trading patterns and other information additional profile information to learn more.
It all starts with your trading activity, seen by all other traders, along with your trading patterns and your overall performance. If you perform well, you will probably be found and followed by fellow traders through the Rankings screen and leaderboards.
In addition, the more you engage with others, the more chances you have to be heard and followed. Comment on individual trading actions to inquire or help others, upload your photo and follow interesting traders to start building your own credible OpenBook profile.
You might get comments from users who`ve found you on Open Book and are curious about what you`ve been trading lately. If you`re a veteran trader, don`t be surprised if folks contact you looking for advice or tips on a strategy you`ve had frequent success with.
When you comment on a trade action, you`re basically striking a discussion about this particular action. Anyone can join in, from the parent trader to other users.
To comment on a user`s activity, click on the comment link under the specific trade action and place your comment. Please be nice and comment constructively and read our Community Guidelines.
All OpenBook members are expected to adhere to eToro’s Community Guidelines. eToro’s community moderators have the right to remove any user generated content that break these rules. This is necessary to maintain a civil, respectful, and insightful community where everyone can participate and enjoy a good discussion. If at any point you spot any other member abusing or breaking these rules, you can report them by contacting firstname.lastname@example.org
When you spot an interesting trader you would like to keep track of, you can click on the “follow” button on their profile pages or on any of their trading activity items. Following helps you keep track of these traders better. Once you start following other traders, their activity will start appearing in “My Friends” feed, and they will be listed as one of your connections.
You can see all your followers by going to your profile and viewing the “followers” tab. You can also view a list of all traders you are currently following.
Any trades you open via OpenBook (by copying users’ trades) will immediately appear in the “Open Trades” tab of eToro’s WebTrader or desktop platforms.
We are always glad to hear requests and suggestions from all our users. You can post a request in our suggestion box, or contact us privately using the contact page.