Hello Internet people, in this post, I’ll do an Etoro review and show you how I’m doing after 6 and 14 months of investing (this review was done back in 2017 & 2018). I’ll reveal what I like about Etoro and what sucks.
Also, you might want to read my Etoro fees in UK & EU article, to understand that there are costs involved.
Etoro review after 6 months (in 2017)
Here is my video review of eToro that I did back in 2017:
I’ve been playing around with Etoro for 6 months now and I do really like it. And I think it’s easy to use and I really like the copy trading feature. That’s why I thought I’ll make a review about it.
It’s a good way to get into investing with a bit less risk. You don’t really do much when you copy other traders, but at least you can see how things are done.
You should try it yourself, just keep in mind that just invest what you are prepared to lose. Especially, if you getting into cryptocurrency investing. Don’t invest in anything, if you can’t afford to lose everything.
Let’s take a look at what has happened during the last 6 months.
As you can see I have everything in green while following 3 people. They all show growth and it all looks way too good to be true…
And it’s not all sunny, here is a real picture of the situation.
As you can see the first month was a bit of a disaster. I got really excited about cryptocurrencies, I invested and it dropped, dropped by a lot!
It dropped by 36% and that’s where my losses came.
That’s okay and I learned the hard way and now I try to distribute my risk. Especially with cryptocurrencies, you have to be careful, otherwise, it doesn’t end well.
But, I learned my lesson, and I decided to invest my money by following other traders.
As you can see after that, I had a much better record and I’m getting closer to getting my money back.
Etoro Pros and Cons
- Easy to start investing.
- Copy-trading – you can just follow other traders and it will automatically make the same trades as the copy-trader.
- Includes different types of investments, such as stocks, ETFs, commodities, etc.
- Doesn’t include all the available stocks, just 200-300 biggest companies, and some international companies. I think there is not a wide enough option to choose from.
- With some assets, you don’t own the underlying asset, but rather it’s a CFD, so it’s speculative. So if there are any issues you are not in a great position.
- Need at least 1000 euros, otherwise, costs eat up your profit
Tips and thoughts
That said I really like social trading. And I felt it fits my needs. Etoro has fairly high costs, you can read more about it in my article about different Etoro fees.
If you want to try it, I would save up at least $1000 (The minimum deposit is $1000) and then invest by copying traders.
Etoro review after 14 months (in 2018)
UPDATE. Just a quick sequence to my Etoro review post.
I’m going to show you the growth of profits and what has happened in 8 months (this review was done in 2018).
Here is a video of the review in 2018:
Etoro profits in 2018
My profits increased steadily in 2018. Nothing drastic but a nice and consistent upward line.
Below is a screenshot of my results.
On top, you can see what was going on in December 2017.
And below you see the results in July 2018.
As you can see, I still copy the same traders and they are doing a bit better than 8 months ago. I went from $152 in profit to $218.
So that means in a year I’ve gained about 23%.
When you compare that with the S&P 500, which rose by 15% during the same period. So not too bad.
This is my plan for my money…
Is Etoro trustworthy?
So far I haven’t had any issues with eToro, it all seems to be legit.
I got some comments on my last video that they got scammed, but I can’t verify one way or the other.
For me, the experience has been good. The only thing with eToro is the high costs.
Best Etoro traders to follow
Let me explain, why I follow three traders below.
First trader, Dale (Trex8u247), I chose him because he had a low-risk portfolio. Luckily he picked the right stocks and he is generating nice profits on investment.
His risk level was about 4-5. He was mainly trading stocks of big and well-known companies.
The second guy is Jay (jaynemesis), he is a cryptocurrency guy. He is followed by a lot of people, about 11000. He is doing pretty okay. As mentioned above, he had a rough few months when cryptos crashed.
His risk rating is higher about 6 to 7, but I like to balance my small portfolio with low & high-risk traders.
Lastly, there is Alexander (AlexPlesk), who is mainly investing in US & International stocks. He is doing really well and he has been the most steady one, with great profits from the start.
When I’ll add more money to Etoro, I’ll for sure add more to his portfolio.
His risk level is about 5-6, so he is between Dale & Jay.
Etoro profits 2017 vs 2018
Below you can see how much my ROI grew from 2017 to 2018.
|Name||2017 ROI||2018 ROI|
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. 68% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or 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 has been prepared by our partner utilizing publicly available non-entity specific information about eToro.