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Etoro Trade Copier – Final Review

It is now nearly 18 months since we started our review of the Etoro Trade Copier so we thought about time we wrapped up our review.

Just a reminder that this is a stock and crypto service where you can follow other people’s trades automatically. It saves a lot of time because you don’t have to do anything yourself other than choose who you want to follow and for how much. 

After following eight people for an extended period of time, we made a small profit of $276 from $8,000 invested. 

Whilst that wasn’t too bad, to be honest we would have done better just following an index fund of the stock market as a whole. For example the S&P 500 has gone up around 10% over the course of our review and so if we had taken the $8,000 and invested it in an S&P 500 index tracker we would have done considerably better than following the traders we did on Etoro.

It seems like the traders do well when the market is going up and badly when it is going down, but we aren’t sure if any of them have developed strategies to make a profit regardless of the overall market conditions, or “alpha,” which is the returns someone generates over and above the market average.

We also weren’t entirely sure about the Etoro platform setup. Whilst it looks very nice, it is difficult to view a trader’s full trading history if you want to copy them, which is kind of essential in our view.

In summary then we award this a NEUTRAL rating – it made a small profit which is good, but really the returns were very minimal overall and we could have done significantly better investing funds elsewhere, even in entities such as index funds.

The idea of “social trading” is nice in theory but we are yet to see evidence that it is better – or even as good as – investing with dedicated financial professionals in the traditional manner. 








Etoro Trade Copier – Results Update

18th July 2018

The positive momentum has continued for our Etoro Trade Copying account, with $307 profit made since our last update.

That means we are now $276 up for the trial overall.

You can view full results here.

Just a reminder that this is a stock and crypto service where you can follow other people’s trades automatically. It saves a lot of time because you don’t have to do anything yourself other than choose who you want to follow and for how much. 

With the improvement recently it is now working rather well and is proving a good way to make some passive income for us. 







Etoro Trade Copier – Results Update

21st May 2018

There has been a big uptick in our Etoro Trade Copying Portfolio recently, with $282 growth in our portfolio value since our last update . 

But unfortunately after the very tough month we had previously, we are still $31 down overall.

You can view full results here.

Just a reminder that this is a stock and crypto service where you can follow other people’s trades automatically. It saves a lot of time because you don’t have to do anything yourself other than choose who you want to follow and for how much. 

If it works it would be an ideal form of passive income, but at the moment as we are down overall the jury is still out on this one for the time being. 








Etoro Trade Copier – Results Update

16th April 2018

It’s been a rough ride for our Etoro Trade Copying portfolio since our last update a month ago, with $428 lost in that time. 

That means we are now $313 down for the trial overall, which is a little disappointing.

You can view full results here.

To be fair it has been something of a bear market over the last month so it is perhaps not surprising that the traders we are following are all showing a loss.

However, we are concerned that they all seem to be long on their positions, with very shorts being taken. How much of their success is just down to the fact we have been in a bull market for the last few years rather than their skills as traders is unclear. A really good trader will make profit in both bull and bear markets as they have an underlying strategy that works. 

Anyway, let’s not get too disheartened, hopefully our traders will turn things around shortly. 





Etoro Trade Copier – Results Update

16th March 2018

Things have finally started moving forward in our trial of the Etoro Trade Copying service after we had some initial problems getting things set up properly.

So far in the trial we are $115 up, which isn’t bad considering that you don’t have to do anything other than click “copy” on the people whose trades you want to follow.

You can view full results here.

At the moment we are following eight different people, which gives a good amount of diversification.

Hopefully now things are working properly and moving in the right direction we will continue to see those profits being built. 





Etoro Trade Copier – Results Update

15th February 2018

It has still been a little quiet for my Etoro trade copying portfolio, with not a lot of action over the last couple of months.

However, what action there has been has generated positive returns, and I am now 11 points up overall.

You can view full results here.

Only two of the five traders I have been following have been active, so today I have added three more traders to my portfolio to hopefully see some more movement.

Still, despite things being quiet, it is good to be in profit considering the correction in the stock market recently.

Back soon with more updates. 





Etoro Trade Copier – Results Update

12th January 2018

It’s been a bit of a false start to our trial of the Etoro’s Trade Copier so far unfortunately. One thing they don’t make very clear is that to follow some of the traders, you need to invest a minimum amount to be able to copy their trades.

We are following five different traders and so far after more than a month, we have only copied the trades of two of them.

It is a shame this isn’t made a little clearer and although visually it is a very nice platform and most of it is intuitive, a little more guidance from them would improve the user experience considerably.

Anyway, for what it’s worth we are 0.17 points up so far for the traders we have been able to copy.

You can view full results here.

We have upped our investment in all the traders now to $1000 each, so that should be enough to copy all of their trades.

Hopefully by the time of the next update we will have a more complete picture to give you regarding how things are going.






Etoro Trade Copier – New Review

30th November 2017

Today we are starting a trial of something a little bit different here at Honest Betting Reviews.

As regular followers will know, we like to try out a variety of means of making some additional income and not just restrict ourselves to betting systems. We try out trading systems, forex strategies and have even gotten into cryptocurrencies lately.

So today we are going to test something new – a “social trading network”  called Etoro.

What is unique and great about Etoro is that you can copy the trades of expert traders on there with just the click of a button. Hence the “social trading” idea.

It’s a fun and interactive way to get involved in trading without needing to be an expert yourself or spend a fortune on expensive software or trading courses.

Amazingly, according to the Etoro website, a massive 78% of copied trades closed on the platform have been profitable (as at 17.08.2017). That’s a huge edge as normally you’d expect it to be around 50%.  

That’s the “wisdom of the crowds” at its finest really.

There are hundreds of traders on Etoro platform and their full records are there for you to view, so you can see:

  • – How much they have won and lost overall
  • – Their monthly profit and loss
  • – What things they like to trade
  • – Their open positions
  • – Their max drawdown
  • – How many trades they have made in total
  • – What percentage of their trades are profitable (strike rate)
  • – How many people are copying their trades

It really gives you all the information you need to decide who to follow. 

There are some very successful traders on there, people who have a very high percentage of winning months, low drawdowns and returns in excess of 80% and even 90%. 

That beats the hell out of most Wall Street hedge fund managers and any kind of index fund – and certainly massively beats bank interest rates at the moment!

Etoro is also a really nice platform visually and user-friendly too. 

The great thing about is that you don’t need to be an expert on the markets or spend hours studying charts and lines and bollinger bands and all that complicated stuff.

You can just sign up, deposit some funds, choose who you want to copy and then sit back and (hopefully) let them make you some money!

So it’s potentially a nice source of passive income.

There are also other options on the Etoro platform like you can trade yourself (and if you do well people can copy you, thus making you some additional income) and there are “copyfunds” so you can copy large investment funds like their special cryptocurrency fund or a stock market fund.

However, for this review we are going to concentrate on copying other traders as that’s the easiest one to do and is something anyone can do. 

So we are going to have a portfolio of different people we follow to balance the risk and not leave ourselves exposed if one person has an unfortunate run.

We will detail who we have chosen in our next update, so you could even copy us copying other traders if you like 🙂

Anyway, we will kick the review off now and will report back here soon on how it’s going.

In the meantime you can check out Etoro here.




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