Yes, eToro offers forex copy trading through its CopyTrader feature. This allows users to automatically replicate the forex trades of experienced investors on the platform.
With CopyTrader, you can browse a wide selection of traders who specialize in forex markets. Once you find a trader whose strategy matches with your goals and risk appetite, you can allocate funds to copy their trades in real time. This means every forex position they open or close will be mirrored in your account proportionally.
If you’ve used eToro’s CopyTrader before, then copying a forex trader will feel pretty familiar. But before you hit that copy button, here are a couple of things that I suggest that you double-check:
- Review Their Profile Carefully: Check each trader’s stats and portfolio. Look at their past performance, risk score, and trading style to make sure it lines up with your goals and risk tolerance. Don’t just go with the top performer, go with the one that fits you.
- Minimum Investment: To start copying a trader, you need to invest at least $200. Each copied trade must be at least $1 in value.
- Fees: eToro does not charge additional fees for using CopyTrader. However, standard spreads and transaction fees apply to the trades executed in your account.
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. 51% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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 hasbeen prepared by our partner utilizing publicly available non-entity specific information about eToro.
About Mike Druttman
