eToro Copy Trading Guide (Is CopyTrader Legit?) (2024)

eToro Copy Trading Guide

In this guide, we’re going to show you the ins and outs of eToro copy trading: what it is, how you can get started, can you make money copy trading on eToro, and so much more.

So let’s dive in.

What is eToro CopyTrader™?

eToro CopyTrader is an awesome feature of eToro.com’s trading platform that lets you copy eToro’s top investors with the click of a button. It’s not just copy trading technology, however, it’s also an entire community of traders interacting, copying profitable trades, and sharing trading ideas and tips. CopyTrader lets you automatically copy other traders positions (buys/sells) so you don’t have to figure out the trade yourself.

How does eToro CopyTrader work?

It’s super easy to use eToro CopyTrader.

Here’s how to get started:

First, if you haven't already, you'll need to signup to the eToro CopyTrader platform hereand create an account.

From the eToro dashboard or mobile app, navigate to the “Discover” tab and find an investor who’s trades you want to copy, choose your budget (how much you want to allocate for your copy trades), and then click “Copy”.

You’ll then automatically follow their trades in real time and make trades in the same proportional amount as them. For example, if they trade 5% of their position on an eToro Dogecoin trade, so will you.

When you're ready to cash out your positions, you can do so at any time. All you have to do is stop your copy trading position and withdrawal your funds to your eToro wallet or eToro trading platform.

You can start or stop following their trades any time.

Start Copying Top Traders On eToro.com

Finding traders to copy on eToro is easy.

From the “Discovery” tab, you’ll be able to sort through a ton of different traders and filter them by:

• Top Performing (sort by performance over time periods: Last month, current quarter, last 3 months, last 6 months, last 12 months, last 2 years)
• Most Copied
• Performance metrics: Return, Risk Score, Copy AUM, Number of Copiers
• Active Weeks
• Trader status (verified or unverified)
• And more.

Take a look at the top traders here.

What Assets Can You Copy Trade on eToro?

You can copy trade stocks, cryptocurrencies, and more with eToro. Find an investor that is trading in the assets you are interested in, and follow the instructions on this page to copy their trades in real time.

eToro has investors trading cryptocurrencies like Bitcoin, Ethereum, Shiba Inu (SHIBxM), Dogecoin, Ripple, and a ton more.

You can also find top stock traders on the platform.

eToro Copy Trading Fees

There are no additional fees for using eToro CopyTrader, however you’ll still have to pay regular eToro trading fees (transaction fees, spreads, etc.) wherever applicable. If you’re copy trading crypto assets on eToro, you may also have to pay any underlying blockchain fees.

FAQs

USA Traders: Start Copying Top Traders On eToro.com

CopyTrader on eToro is a fantastic way to get started trading on eToro.com, especially if you’re new to trading.

Trading stocks, cryptos, and other assets can be incredibly risky, especially for newbies, and CopyTrader can help new traders build confidence by watching their portfolios grow automatically.

We recommend eToro and definitely endorse their social trading functionally.

USA Traders: Start Copying Top Traders On eToro.com