Etoro Review

Positives

Traders generally do post comments fairly regularly and you can ask questions in a twitter style format.

You can Obviously check on their statistics and what they trade in what quantities, their risk/leveraging tendencies etc, and try and vary your ‘portfolio’ that way.

You can copy their trades on an account percentage basis meaning you can invest as little as $10 (if you don’t mind making 1c and 2c profits). The spreads at these rates are also not more than 1c.

You can regain control of a specific trade at any time. If you want to close, extend stops etc, when you make a change, you regain complete control of the individual trade.

As a beginner, it does provide some insight into what other traders are doing in terms of entry and exit points etc.

Negatives

There have been some problems with the system. Some trades were copying upon opening but when the trader closed them they were staying open. Probably other bugs too. New systems will have them. Hopefully they’re all sorted now.

The trader may get a % and the site may charge for the service in some way.

The longest search history information on any trader is 1 year. Obviously anyone can have a good year. Would like a larger sample.

I’m simply not experienced enough to explain why but judging from what I’ve seen in terms of extending stops almost infinitely when a trade goes bad too maintain a higher ‘winning %’ it seems inevitable they will go bust.

Probably more negatives I can’t think of right now.