Etoro Review (profits after 14 months of trading)

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  • Post last modified:January 11, 2021
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Etoro Review (profits after 14 months of trading)

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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. 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.

Make it rain

 

CONTENTS

Etoro review after 6 months

Etoro review after 14 months

Etoro review after 6 months

Here is my video review of eToro:

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.

and your money is gone

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

Things I liked about Etoro:

 

  • Easy to start investing.
  • Copy-trading – you can just follow other traders and they make you money (if all goes well).
  • Includes different types of investments, such as stocks, ETFs, commodities, etc.
Things that are not great on Etoro:

 

  • 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.

Make sure you research traders properly before committing to them.

Etoro review after 14 months

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 the last 8 months.

Here is a video of the review in 2018:

https://www.youtube.com/watch?v=yNM4I0Y8jXs&feature=youtu.be

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.

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.

etoro review comparison

 

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.

compare that with S&P 500

This is my plan for my money…

my plan for money

Now my profits were higher at some point, as Jay was riding the crypto wave, but unfortunately, it has dropped while the crypto market plummeted.

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.

comments.

For me, the experience has been good. The only thing with eToro is the high costs.

If you have had a bad experience with them, please let me know. I’m curious to hear what has happened.

Best Etoro traders to follow

Let me explain, why I follow three traders below.

Trex8u247

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.

Jaynemesis

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.

AlexPlesk

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
Dale 5.88% 26.02%
Jay 19.30% 18.48%
Alexander 20.41% 26.44%
Disclaimer

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. 75% 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.

Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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.

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This Post Has 2 Comments

  1. JJJ

    Hey there,

    I was looking into Etoro, but once I saw the 25$ withdraw fee + currency exchange (i’m from Europe), I realised those fees are gonna be a pain. 25 for withdrawing money? What is this? Year 2000 without normal SEPA transfers in Europe and such? That’s just a highway robbery…

    Any interesting alternatives? Is the copy trading unique to Etoro?

    1. Robert

      Hello, yeah etoro is not cheap, but it’s easy. There are few other copy trading platforms like zulutrade, but etoro is by far the biggest.

      Personally I use lynx, but the desktop interface looks like it’s from 90s, they take fixed fees. Also I heard degiro is cheap.

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