We found 11 online brokers that are appropriate for Trading EToro Alternative Trading Platforms.
Making money from copy-trading platforms such as 'eToro' has seen massive growth over the last three years. Anyone can make money on 'eToro', but don't think it's a scheme to get rich quickly. Investing is a serious business.
It can be quite confusing what investments to choose, and you can even use leveraged trades when trading, although leveraged transactions come with a high amount of risk.
It is better to start with at least $500, so that you have a chance of recovery if a few trades go south. Also, be mindful of the fees you will have to pay for withdrawal (probably somewhere around 25 USD). At any rate, when you store money, you should procure a $25 benefit in order to get your money back.
The idea of copy-trading is to make money from following succesful traders and copying their trades. Copy-trading on 'eToro' is an automated process where all of the trades you choose to copy from an 'expert trader' are executed on your account. This process is known as 'social trading'. While this may seem easy, please understand that all investment comes with risk, so you must do your own research before making any investment. While it can unquestionably bring in some additional cash (returns you wouldn't have had in any other case) and assist you with getting more, understanding exchanges will unavoidably help you in the long run.
Copy-trading can't give you technical knowledge and risk-management skills, but it can help you navigate the markets. It would also be beneficial if you established whether you are going to copy a long-term trader or a high-risk/high-reward trader, as these will present two very different strategies, as well as outcomes.
'eToro' connects traders who trade on their own (so-called 'signal providers' or 'famous investors') with investors who want to delegate their investment decisions. It's a straightforward business activity, and thus, it can work.
'eToro' makes money in the following ways:
'eToro' is a one kind of social trading that requires a bit of knowledge related to financial markets. Firstly, you need to know how to evaluate an investor's performance, so you can decide whether to follow them or not. This may sound difficult, because, although there are probably many profitable traders to copy in 'eToro', it takes quite a bit of time and skill to sort them all out. The greater part of available choices are novices with high-hazard profiles and an awful bankroll of executive abilities.
It will be much more profitable for you to be careful while choosing which traders to copy. If you can assess and find the best traders to copy, you should expect to make a good profit, but you should also consider the risks involved. Similarly, as in some other ventures, you won't get rich in the short-term.
Some factors you should consider when choosing which traders to follow:
Mainly it depends on who you copy. When you copy trade, you're going to choose to copy the trades of another person automatically. We all may have heard the statement 'many men, many minds'. It is quite common for different people to have different views. For example, trader 'X' might make 30% profit in a year, another trader with 15% profit in a year, another 60%, and yet another might have made a 20% loss over the same timeframe. Notwithstanding, duplicate exchanging includes taking chances and is not a get-rich-quick plot, even though it may appear that way from the stage administrators' aggressive advertisements.
Here are the drawbacks of this type of activity:
Finally, we believe that the social investing industry has a substantially-high potential, and making money from 'eToro' is very possible. It contributes to the investment industry's democratization, and diversifies how we save, invest, and earn.
If you are researching eToro make sure to read through the below eToro related guides. You will find something useful.
We've collected thousands of datapoints and written a guide to help you find the best Make Money With eToro for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best eToro alternative trading platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online EToro Alternative Trading Platforms trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top EToro Alternative Trading Platforms.
Compare EToro Alternative Trading Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are eToro alternative trading platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more eToro alternative trading platforms that accept eToro alternative trading platforms clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with avatrade |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
You can compare EToro Alternative Trading Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
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We have listed top EToro alternative trading platforms below.