Yes, professional traders do use eToro, but their usage of the platform depends on their specific trading needs and strategies.
eToro offers a "Professional Client" status for experienced traders who meet certain criteria, such as:
This status provides access to higher leverage, including up to 400x for forex and 5x for cryptocurrencies, as well as other benefits like volume-based rebates and exclusive events.
eToro's CopyTrader feature allows users to replicate the trades of seasoned investors, some of whom are professionals with backgrounds in finance, data science, or related fields. These "Popular Investors" often share their strategies and insights, and attract followers who wish to mirror their trading activities.
eToro can be used by professional traders, particularly those who are interested in social trading and taking advantage of the platform's unique features. But for those requiring more sophisticated tools and extensive research capabilities, I think that other platforms might be more suitable. This will greatly depend on their trading preference and style.
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
