eToro Group Ltd. and its affiliates provide social trading features that allow you to interact with, follow, and copy other traders (“Social Trading Features”), including Copy Trader™, Smart Portfolios, rankings, and community tools.

While these features can help you discover investment strategies, they might involve risks. You should carefully consider the following before using them:

1. You Are Fully Responsible for Your Decisions

Copy Trading is based on your choice to follow or copy other traders.

  • You must consider your financial situation, investment goals, and risk tolerance.
  • eToro does not provide investment advice.
  • Any decisions you make based on platform information are at your own risk.

You should always conduct your own research before investing.

2. Automated Trading Risk

When you copy a trader or Smart Portfolio:

  • Trades are executed automatically in your account without your intervention.
  • Positions are opened, modified, and closed in real time based on the copied trader’s actions.

This means:

  • You may not have control over timing or pricing.
  • Market conditions (e.g., volatility, slippage, liquidity) can lead to different results than the trader or Smart Portfolio you copy.
  • You may lose funds allocated to copying.
3. Exposure to CFDs and Cryptoassets

When copying a trader or Smart Portfolio, you may be exposed to complex and high-risk instruments such as:

  • CFDs (Contracts for Difference)
    • Often involve leverage, which can amplify both gains and losses.
    • Prices can move quickly, increasing the risk of significant losses.
    • You do not own the underlying asset.
  • Cryptoassets:
    • Highly volatile and can experience extreme price swings.
    • May be subject to low liquidity, market manipulation, or regulatory uncertainty.

Even if you are not actively choosing these assets, copying a trader or Smart Portfolio means you are automatically exposed to the instruments they trade.

4. Performance Differences

Your results may differ from the trader or Smart Portfolio you copy due to factors such as:

  • Deposits or withdrawals from the copied position.
  • Market conditions and execution differences.
5. Past Performance Is Not a Reliable Indicator

Statistics such as:

  • Risk scores.
  • Historical performance.
  • Portfolio data is not a guarantee of future results.

Actual outcomes can vary widely due to changing market conditions and investor behavior.

6. No Guarantees on Execution or Risk Controls
  • Stop Loss mechanisms (including Copy Stop Loss) are not guaranteed.
  • Trades may not execute at the expected price.
  • Losses may exceed expectations due to market gaps or volatility.
7. Traders You Copy Are Not Advisors
  • Other users may share opinions or strategies, but they are not necessarily qualified or unbiased.
  • Information shared on the platform should not be considered professional financial advice.

Always treat social trading content as a starting point-not a recommendation.

8. Strategy & Behavior Risk

Copy Trading depends entirely on the trader or Smart Portfolio you follow:

  • Their strategy may change without notice.
  • They may take on a higher risk than you expect.
  • Emotional or inconsistent decisions can impact performance.

Additionally:

  • Concentrating funds on a single trader increases risk.
  • Diversification does not eliminate losses.
9. Copy Trading Is Not Safer Investing

Copy trading can help with diversification and reduce the need for active trading decisions, but:

  • Your performance depends on the traders or Smart Portfolio you copy.
  • You remain fully responsible for any losses.
10. Do Your Own Due Diligence

Before copying a trader or Smart Portfolio, review:

  • Their risk score.
  • Trading history and strategy.
  • Portfolio composition.
  • Activity and communication (e.g., posts, updates).

Even with this information, there are no guarantees of success.