What is eToro?
eToro is a social trading application that enables traders to benefit from one another’s knowledge and market insights. At eToro 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 eToro 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.
What`s the best way to get started?
As an eToro registered user, you`re ready to go. 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.
How is performance calculated?
The performance displayed in in your eToro account is based on a daily or accumulative gain percentage, winning positions ratio and the number of trades. In addition, eToro shows statistics based on your trading patterns such as: instruments you trade, risk/reward levels, average trade duration and much more useful information.
How often do you update the data?
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.
What is Copy Trading?
Copy trading is one of eToro’s most powerful features. It 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.” Copy trading will change the way you and all people trade, as it enables you to build a real people-based portfolio.
How does it work?
Copy Trading is easy as 1 – 2 – 3!
1. Find the traders you want to copy
2. Set up your Copy Trade 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.
1. Picking who to Copy
I’d like to Copy the top performing traders. Where can I find them?
Use the search function on the trading platform, check the People page, or look for feature articles on the eToro blog, in the media or on YouTube.
How do you choose the top ranked traders?
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 eToro 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.
How is gain calculated?
The gain is calculated based on the “Modified Dietz” formula.
For more information, please refer to the blog.
Can I copy a trader that is not listed in the rankings?
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.
2. Copying a Trader
How do I start copying a trader?
On any user profile page you’ll see a big blue “Copy” button next to the trader’s profile. Click it and you will be prompted through the rest.
How much or little do I need to allocate to Copy a Trader?
You can Copy a Trader using as little as $100
Can I use my Practice account?
You can use your existing Practice account to try out eToro under real market conditions, but using virtual money. Your practice account completely replicates the live trading experience and gives you a chance to practice investing with no risk of financial loss. The drawback of trading with a practice account is that any profits you make will also be in virtual money, and cannot be withdrawn.
Does it cost me to copy another trader?
No, you never pay to copy other traders! eToro is a social trading platform and you can set your account to automatically copy other traders without any charge. 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.
How long does it take for trades to be executed in my account once I copy someone?
Trades are typically executed in less than a second from the instant the trader you copied executes their own trades. eToro has been built from the ground up, so you should not experience any delay whatsoever.
How are units and lots handled at eToro?
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.
Are the copied trades identified differently than the trades I execute myself?
Copied Trades will always have a link icon attached to the trade in each row.
Do I always get the same price as the traders I am copying?
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.
Can I be guaranteed a certain monthly gain?
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.
How can I stop copying someone?
Open your Portfolio. All the traders that you are copying are displayed on your screen. Select the trader who you want to stop copying. On the right of the row showing his details, you will find a small dropdown menu with a blue cog wheel icon. Open the dropdown menu and click on Stop Copying.
How do I allocate more funds to an existing copy?
Click on the user name or profile picture of the trader to open the profile of the trader who you are copying, then click on the blue Add Funds button on the top right of your screen.
Can I cancel an individual copied trade myself?
Yes, open your Portfolio and click on the trade that you want to close. A pop up will appear showing a summary of the trade. Click on the red Close Trade button at the bottom of the pop up.
Can I ask the copied trader for advice or recommendations?
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.
Can I copy more than one investor?
Yes you can, and you should! You can copy up to 100 different investors at any given time.
How do I minimize my risk?
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!
Can I place my own trades in the same account I`m using to copy other traders?
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.
What information is shared and published?
eToro 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 without your consent.
Is my private information safe?
Your personal and private information is perfectly safe with eToro. Other social Traders users have no access to your private account information, and can only view specific information related solely to your trading activity.
How do I share my positions and trades?
One of the biggest benefits of eToro is that all you have to do is trade. We will take care of sharing and publishing your activity.
Do I have to share my trading activity?
No, if you prefer not to share your trading activity you can adjust your account settings to trade privately. Click on Settings on the menu on the left of your screen (this is found in the list of options beneath your profile picture). Click on the Privacy setting on the top toolbar and you will be asked if you want to share your trading activity. Click the No button to stop sharing.
Important: If you don’t share your trading activity you will not be able to attract copiers and earn a second income!
Will anyone be able to see how much money I have?
No, other eToro traders 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.
How do I connect with like-minded traders?
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.
How will like-minded traders find me?
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 eToro profile.
You might get comments from users who`ve found you on eToro 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.
What is “commenting” on a trade?
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.
What are the guidelines?
All eToro 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
What does it mean to “follow” someone?
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.
How many followers do I have?
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.
Where can I see my open trades and manage them?
Any trades you open with eToro (by copying users’ trades) will immediately appear in your portfolio.
How can I contribute to the development of eToro?
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.