Yes, eToro offers forex copy trading through its CopyTrader feature. This allows users to automatically replicate the forex trades of experienced investors on the platform.
With CopyTrader, you can browse a wide selection of traders who specialize in forex markets. Once you find a trader whose strategy matches with your goals and risk appetite, you can allocate funds to copy their trades in real time. This means every forex position they open or close will be mirrored in your account proportionally.
If you’ve used eToro’s CopyTrader before, then copying a forex trader will feel pretty familiar. But before you hit that copy button, here are a couple of things that I suggest that you double-check:
Review Their Profile Carefully: Check each trader’s stats and portfolio. Look at their past performance, risk score, and trading style to make sure it lines up with your goals and risk tolerance. Don’t just go with the top performer, go with the one that fits you.
Minimum Investment: To start copying a trader, you need to invest at least $200. Each copied trade must be at least $1 in value.
Fees: eToro does not charge additional fees for using CopyTrader. However, standard spreads and transaction fees apply to the trades executed in your account.
About Mike Druttman
