It is also possible to follow like-minded users. Other users can comment on the post and even ‘like’ it. For instance, eToro users can publish a post outlining their thoughts on a particular asset. In addition to its core copy trading tool, the eToro social trading platform is also worth a look. This allows users to invest in new copy traders and check the value of open positions. We also like that eToro offers the best copy trading app for iOS and Android. This allows users to test the copy trading feature out before risking real money. Plus, the platform supports debit/credit cards, e-wallets, and bank transfers.ĮToro also offers a virtual portfolio that comes pre-loaded with $100k in paper trading funds. Payments made in US dollars do not attract any deposit or withdrawal fees. The minimum deposit to get started with eToro is just $10 for those in the US. We like that eToro does not charge any commission on stocks and ETFs, while other asset classes come with competitive fees. eToro also allows users to invest in cryptocurrency, forex, indices, and commodities. Supported assets on the eToro platform include thousands of stocks and ETFs, not only from the US, but more than a dozen international markets. There is the option to add or remove assets to the portfolio, and the trader can stop being copied at any given time. If you’ve ever asked yourself the question ‘ what is trend trading?‘ then you’ll find eToro’s copy trading tools help create a strategy that is tailored towards trend trading. Therefore, the eToro copy trading tool allows users to trade passively. Once a trader is selected and the position is confirmed, any future investments will be mirrored in the investor’s own eToro portfolio. What we really like is that eToro offers a wide range of filters, which makes finding a suitable trader a breeze.įor instance, users can search for a trader based on their historical trading results, preferred asset class, assigned risk rating, maximum drawdown, and more. There are no additional fees required to copy a trader, which means that there is no requirement to engage in a profit-share arrangement. The minimum amount that needs to be allocated to each trader is just $200. It’s also one of the best Islamic brokers that’s regulated by a wide range of financial authorities. eToro is home to thousands of verified traders that can be copied at the click of a button – so there is an investor to suit most financial goals. We found that when compared to other providers in this space, eToro is clearly the overall best copy trading platform in the market. eToro – Overall Best Copy Trading Platform for 2023 Investors will also need to explore what fees apply to copy another trader, whether there is a minimum investment requirement, and which asset classes are supported.īelow, we offer full and detailed reviews of the copy trading platforms for 2023. In choosing the best copy trading platform, investors will need to ensure that there is a large pool of traders to select from. Top Social & Copy Trading Platforms Reviewed Readers can find the outcome of our in-depth copy trading platform reviews further down. Cryptoassets are a highly volatile unregulated investment product.
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