eToro: the forex traders

eToro OpenBook

eToro is a very open social network, anyone can become a popular forex trader known as a "trader". The only requirement is to have traded with a real eToro account for at least 3 months. Of course, past performance determines a trader's rank. eToro nevertheless reserves the right to remove traders who do not meet the terms and conditions outlined in their social investment network.

eToro allows you to fully track and copy anyone on the social network. You are not limited to selecting traders who you can copy, you can also follow investors who follow other traders. The limits defined by eToro prevent you from allocating more than 20% of your capital on an investor, the allocation on the traders they follow will therefore be limited to 4% (20% of 20%).

Traders are paid according to the number of copiers they have with real accounts according to this pay scale:

remunration traders

An interesting feature of eToro compared to other social trading networks is that you can earn commissions even if you are not a trader. All you have to do is choose the right traders and if you make money, other investors may decide to follow your portfolio through OpenBook. Each follower with a real account can earn you money, the only requirement is that you have a profitable account and followers.

The fact that investors must trade with their own money is definitely a positive thing. However, they can start with just $200 and the balance of their account is not displayed in their profile. An investor who has $100,000 in his account is generally more experienced and more prudent than a person with just $1,000. A follower will therefore be more likely to trust someone who risks significant amounts of their own money. Nevertheless, we believe that eToro has yet to improve transparency regarding this point, as this is a useful piece of information for users.

eToro is a multi-asset platform offering both equity and crypto-asset investments, as well as asset trading in the form of CFDs.

Please note that CFDs are complex instruments and present a high risk of rapid loss of funds due to their leverage effect. 75% of retail traders' accounts lose funds when trading CFDs with this supplier. You should ask yourself if you understand how CFDs work and if you can afford to take the significant risk of losing your money.

The content in question is provided for information purposes only and should not be considered as investment advice. Past performance is no guarantee of future results. The trading history is less than 5 years old and may not be sufficient to serve as a basis for an investment decision.

Crypto-actives are volatile instruments that can fluctuate considerably over a very short period of time and are therefore not suitable for all investors. Other than through CFDs, crypto-active trading is not regulated by any EU regulatory framework and is therefore not supervised.

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eToro Openbook