At eToro you are encouraged to get in touch with the traders, to communicate with them, because so you have an insight into their strategy, profits and can make optimizations if necessary. Openness and transparency, are even desired here and the “social gurus” also like to explain to new traders the background on which their decisions are based.
How does eToro work?
- One searches for the traders to be copied.
- Then one can set an amount that one wants to provide for copying.
- Now one can view his person based portfolio.
How to choose the best traders from the rankings is mentioned here. One can select according to different criteria. E.g. minimum profit rate for a time period, minimum average of position duration and some other possibilities, but more about that later.
It is ensured a constant improvement of the system, if the trader wants to know all product updates always immediately, this should follow and read the eToro OpenBook blog. Here one finds information and if necessary also assistance to an existing problem.
Trade with eToro from as little as $50
If you want to copy a trader, you can do so with as little as $50 in credit, or with 40% of the realized capital. Realized capital = total available capital (The account balance and all available (unused) funds of CopyTrader) + invested sum of open positions. For a short period at the beginning of the new copy system, we will be limiting the limit for each CopyTrader activity to a maximum of $50,000.
The copying of a trade can also be stopped by closing the CopyTrader line in WebTrader. For each of the copied traders a line is created in the WebTrader, on the right side of the line click on “Close” if the CopyTrader should be closed.
Since eToro is about real losses and profits, you should try to minimize the risk of loss. One needs a trading strategy and help from the community. One chooses wisely who to follow and copy and learn from the ever growing trader community. One should not be impressed by big promises, and keep in mind that performance and profit is very subjective.
To address the question of how best to connect with other traders, here are some ways. To find like-minded traders, there are many ways, such as finding traders who have similar trading interests. Also, you can browse the general activity feeds to find their trades. If you see a trader who may be from the same country, you can simply click on the username to learn more. One can browse around on the user’s profile, see statistics, followers and copiers of that particular user.
eToro is a Social Investment Network
eToro is the world’s leading investment network and allows users to make smart investments. Being a social network, it brings together traders and investors from all over the world. The user can analyze markets, share knowledge with other traders and investors, and as a beginner, benefit from the experience of long-time traders. The social network can be used online on the PC, but also as an app on the cell phone, so traders and investors can inform themselves and make their trades at any time. Various tools are available, they are suitable for beginners and for advanced traders.
Is it Easy to make money with eToro?
eToro is based in Cyprus and is the first global online marketplace for trading currencies, commodities and indices. The company now has 3.5 million users from 152 countries, and new accounts are opened every day. It doesn’t matter what experience the user has in the meantime, because various tools are available to manage the risk efficiently. This is especially important for beginners who have no experience. An advantage for beginners is the free demo account, which works without a deposit and with virtual money, giving the user the opportunity to try out different strategies and gain initial experience. eToro has a wide range of web-based and mobile trading platforms for various strategies and investment types. Losses can never be ruled out, eToro points out possible risks on its home page. The social investment network is characterized by several advantages:
- Minimum deposit only 50 euros
- free demo account available for an unlimited time and without any obligations
- maximum leverage 400:1
- possibility to trade commodities
- possibility of mobile use on smartphone
- various tools for beginners
- very extensive FAQ for all questions
- possibility to contact us by mail
- works via the browser, therefore no installation on the PC is required.
With eToro even those who have never traded forex or commodities can gain their experience and trust in seriousness.
eToro also has guidelines, all members of the eToro OpenBook are required to abide by the eToro Community Guidelines. The moderators of the eToro community have the right to remove any content created by members that disregards or violates these rules. It is important that the community remains polite, respectful and informative. This allows everyone to participate and enjoy respectful discussion. If at any time someone notices a rule violation, they can note this content of a post via the “Report as Spam” option located below each post. Users can also follow other traders via the “follow” function button to better understand their steps. For requests and suggestions from all the traders, you are of course happy to receive feedback. Wishes can be posted directly to the community moderators in OpenBook or communicated via the contact page “contact private”.
eToro was founded in 2007 and already has extensive experience as a social investment network. The company is regulated by CySEC, which stands for Cyprus Securities and Exchange Commission. This is the state financial regulator of Cyprus. eToro is also registered with the German Federal Financial Supervisory Authority (BaFin). According to eToro’s statement, all traders’ deposits are protected by a legally required deposit guarantee, and the protection is up to 20,000 euros per customer.
At eToro, opening an account is possible in just a few steps. First you have to register for free and make a deposit of at least 50 euros. The deposit can be made via PayPal, credit card or Giropay. In order for the user to receive the best possible service and comply with all financial services regulations, the trading account must be verified. For the verification
- scanned color copy of identity card or passport
- scanned copy of a utility bill, not older than three months
is required. The utility bill can be a water, electricity or gas bill, it must show the name and residence of the account holder. Once a deposit amount of $5,000 has been reached into the account, additional documents must be submitted for verification to allow for further deposits.
- Withdrawals can be made at any time at eToro, it is necessary to go to “Account Balance” and then click on “Withdraw” and specify the desired amount.
- The minimum withdrawal amount is $20.
- For this, the account holder has to fill in a withdrawal form and then submit it with a click of the mouse.
- He has to verify himself again with the copy of the ID card or passport and a copy of a utility bill.
- There are fees for the payout, the amount depends on the payout amount. until the
account holder receives his money, it takes five to seven business days.
Buying shares at eToro
Buying shares is possible at eToro by purchasing a contract for difference. The counterparty of the contract is eToro. When the stock buyer closes his position, he receives from eToro the difference between the buying and selling price of each stock. This means that the share buyer is not actually the owner of the share and cannot refer to the right as a shareholder.
eToro allows trading not only stocks, but also indices, commodities and currencies. Shares can be traded from the areas of
- consumer goods
- Industrial Goods
can be traded on the Frankfurt, London, Nasdaq and Nyse stock exchanges. Those wishing to trade foreign exchange can choose from 19 currency pairs. For trading commodities, gold, silver and oil are currently offered, indices can be traded from seven countries as well as additionally from the euro zone.
eToro allows copying traders, the user can see how real existing people trade in real time. Thus, he has the opportunity to find the best traders and follow them. To copy trading activity, just one click is enough. First, one selects a trader to be copied, then one sets an amount that one wants to allocate for copying. You get a person-based portfolio that you manage. You can get in touch with the copied traders to get an insight into their strategies and learn from them. Gladly, the copied traders are willing to share more about their decisions and their strategies.
eToro is a reputable platform that allows one to get in touch with other investors and traders. eToro is suitable for beginners as well as experienced traders, many tools and guides are available.
- Through eToro, trading has really been greatly simplified, so that now basically anyone can become a trader. Whether mobile, via a smartphone, or directly on a computer.
- The selection of investment instruments includes, currencies, commodities, indices, stocks and even bitcoins. In 2010, eToro had only 1.5 million registered customers, by the end of 2013, there were already over 3 million registered customers.
- eToro is a privately held company that was founded in 2007. It was originally founded in Tel-Aviv, by brothers Yoni Assia and Ronen Assia together with David Ring.
- Today the headquarters is in Cyprus / Greece. The number of employees amounts to approx. 250. Via the point “learn to trade” numerous offers are linked directly on the site.