What Is eToro’s CopyTrader and How Do You Use It?
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Some say that imitation is the greatest form of flattery. It’s also a great way to get in on crypto trading with little experience by letting the experts do all the work.
With eToro’s CopyTrader feature, users can do just that — copy top traders on the crypto market, down to their every current and future move. Thanks to eToro’s growing list of “Popular Investors,” there are several options for users to compare when deciding who they want to replicate and for how many funds.
To use CopyTrader, all you need to do is click the tab on the main menu to view eToro’s top-performing and most-copied traders. You must allocate a minimum of $200 per trader and can copy as many as 100 traders at a time.
CopyTrader has plenty of great features baked in, including the stop-loss feature that allows you to set a value that, if reached, will automatically stop copying the trader. Users can also decide whether they want to copy all existing and future trades (under the default setting as “copy open trades”) or just future trades going forward.
For those interested in crypto-trading, who want to build their portfolio while leveraging the skills of the industry’s top minds, CopyTrader may be for you. To find out more, watch the video below.
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. 67% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
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.