Utilizing the latest online trading social features, trading platform eToro has created a program which rewards successful traders when they share their knowledge.
The Internet revolution has created a situation in which nearly anyone can invest and trade on the stock market. Becoming a day-trader in today’s world is simpler than ever: All you need is an internet connection and you can choose between an array of online investment platforms. Using Contract for Difference instruments (CFDs), which enable traders to bid on stocks going up or down without needing to actually own them, anyone can trade stocks, commodities, currencies and other assets. However, the online revolution has much more to offer than just access to the market – social features have given day-trading elements and tools that simply didn’t exist before – including new ways of earning an income.
One attractive option is eToro’s Popular Investor program, which rewards successful traders for letting others benefit by automatically copying their trading actions. The Popular Investor program, which leans on the platform’s CopyTrader™ feature, gives traders the option to create a following and get special perks that add up to significant monthly payments.
Over the past few years, online trading platforms have begun harnessing the power of the crowds, adding various social elements to their platforms. eToro, which is the world’s leading social investment platform, has placed an emphasis on letting its clients benefit from the fact that it has over six millions users worldwide. By introducing a social news feed, and enabling clients to interact with one-another, it has evolved into a social media platform for traders, who can share their wisdom and gain from each other’s experience.
A major component of eToro’s social platform is its CopyTrader™ feature. Operating under the understanding that not all of its clients have the experience or time to actively trade, eToro enables its clients to allocate some of their funds to another investor’s portfolio. Each copier chooses how much of their capital they wish to allocate to a certain trader, then automatically copies all of their financial decisions on the platform. eToro also enables its clients to experiment in trading and CopyTrading by using a free demo account which uses virtual money. This way they can hone their skills without risking any of their funds and test out copying different people.
In order to make sure its clients have as much information as possible, eToro operates in full transparency, with each trader’s portfolio, track record, fail/success rates, and risk score available for all to see. This means that each copier can rest assured that they have all the information they need before copying another investor.
You may think that some traders may be reluctant to share their wisdom with just anyone, which is why eToro has created a program that gives traders great incentive to be copied on the platform. While almost any trader can be copied, only the ones that have gained enough copiers, and maintained a low risk score, achieve the status of Popular Investor.
Popular Investor status is highly coveted by eToro clients, as it gives them tremendous perks. One perk is a spread rebate, which reaches up to 100%, meaning they essentially trade commission-free. Elite Popular Investors receive both a fixed payment and a variable payment as a percentage of the total copiers’ funds allocated to copy them on the last day of the month. The more funds copying them, the more they are paid. Top Popular Investors actually earn a generous second income from the rewards they receive.
The Copy Trading feature and its subsequent Popular Investor program have added brand-new possibilities for traders, which did not exist in the past. By introducing these features, eToro has truly utilized the meeting point between online trading and social media – both benefiting its users and establishing itself as a true pioneer in the realm of online trading.
Want to trade but not sure how? Copy someone on eToro today
* All trading involves risk. Only risk capital you’re prepared to lose.
* Past performance does not guarantee future results. Trading history presented is less than 5 years and may not suffice as basis for investment decision
*This post is not investment advice.