No, setting a Take Profit (TP) is not mandatory for all trades on eToro. It is required for certain types of positions, while optional for others.
eToro requires a Take Profit to be set on:
This requirement is part of eToro’s risk management policies so that trades have predefined exit points to help manage potential market volatility.
You are not required to set a Take Profit when opening a non-leveraged BUY position. This typically applies to long-term investments in assets like stocks or crypto assets without using leverage. In these cases, you can choose to set a Take Profit or leave the position open indefinitely.
For trades where Take Profit is mandatory, eToro automatically sets a default TP level when you open the position. However, you can modify this level at any time:
This flexibility allows you to manage your trades according to your investment strategy.
Knowing when a TP is needed (and when it's not) can help you stay in control of your trades and make sure that they are still in line with your strategy. New to Take Profit? I suggest using the demo account (you can open one here) to try it out in a risk-free environment before going live.
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
