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Wikitoro author Mike Druttman Written by Mike Druttman
Wikitoro fact checker Nick Zelver Fact checked by Nick Zelver
Updated Feb, 2024

To configure leverage on eToro, select 'Leverage' and pick your preferred leverage amount. After finalizing your settings, click 'Open Trade'.

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76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

My Personal Encounter with Leverage: The Basics

When I first ventured into trading, eToro immediately stood out, thanks to its intuitive interface and fascinating leverage options. From my own experiences with this dual-natured tool, I've witnessed firsthand its potential — both the rewards and pitfalls.

Leverage, in essence, felt like wielding magic, commanding a sizable position with just a fraction of capital. However, as with all powerful tools, it comes paired with increased risks. Every soaring profit was balanced by tense moments when the market swung against my favor. If you're keen to learn how to apply the eToro leverage, I've crafted a straightforward guide, complete with additional insights that you might find beneficial.

 

Leverage: Applicable For New Trades Only!

When I first attempted to apply leverage, I learned that it can only be set during the initiation of a trade, not on existing open positions. Leverage settings cannot be adjusted for already open positions; you can only set and determine the amount of leverage when beginning a new trade.

 

Where to Set the Leverage?

When initiating a trade, first choose the investment asset you wish to trade within the eToro app or platform. Upon clicking the 'Trade' button, a popup will display various trade options. At the top of this popup, select either 'Sell (short)' or 'Buy (long)' for your transaction. Within this window, you'll find the 'Leverage' link to configure your desired leverage.

 

Step to Apply Leverage on eToro

Follow these steps to use leverage when initiating a trade on the eToro platform:

  1. Click on 'Leverage'.
    Clicking Leverage on eToro
    Clicking Leverage on eToro
  2. Select your preferred leverage amount.
    Setting leverage to X10
    Setting Forex leverage trade to X10
  3. After setting your preferences, click 'Open Trade'.
    Executing tradewith an X10 leverage
    Executing trade with an X10 leverage

Concluding Thoughts

Setting leverage on eToro is straightforward, but wielding it demands prudence. Leverage can be both an ally and a foe. My trading journey had its ups and downs, but with each transaction, I gained insight, adjusted, and enhanced my approach. For those venturing into the realm of leverage, remember: equip yourself with knowledge, a touch of bravery, and a solid strategy.

 

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. 76% 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 does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. 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.

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.

Wikitoro author Mike Druttman About Mike Druttman

Mike Druttman, Head of Content at Wikitoro.org, has decades of expertise in marketing communications and business matching. Educated at the CAM Foundation and the Chartered Institute of Marketing, Mike has collaborated with businesses from the UK to Japan. He founded KEYZUNA, bridging Japanese businesses with global innovations. With a diverse background spanning high-tech to hospitality, Mike's articles at Wikitoro reflect his vast knowledge and unique perspective.

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76% of retail investor accounts lose money