eToro: the forex traders

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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 a pay scale.

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. 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 which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.