10 Best Traders to Copy on eToro in 2024 (2024)

In a nutshell, the best traders to copy on eToro are Amit Kupfer, Pedro Acuna Taboada, and Péter Horváth, all highly regarded traders on eToro, known for their expertise and successful trading strategies. These traders have gained popularity and trust within the eToro community, making them top choices for users looking to copy trades. Each has a distinct approach and track record, offering diverse options for eToro users to consider.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Past performance is not an indication of future results.

In this guide, I’ve put together a comprehensive list of the best traders to copy on eToro.

You’ll discover top-performing traders whose strategies align with various investment goals and risk appetites, simplifying your path to potentially successful copy trading.

This article was reviewed byTobi Opeyemi Amure, a trading expert and writer atInvestopedia,Investing.com, and Trading.biz.

Who Are the Best Traders to Copy on eToro?

Here I’ve ranked the 10 best traders to copy on eToro by the highest profit return over the last two years.

eToro Copy Trader Reviews

1. Amit Kupfer

Amit Kupfer, renowned as a top eToro copy trader, boasts an impressive 12-year track record, showcasing a remarkable 4,500% compound annual growth rate (CAGR).

His investment philosophy is underpinned by a disciplined, long-term approach, focusing on four fundamental pillars:

1. Fundamental Understandability: Amit emphasises the importance of investing in businesses with straightforward and predictable operations, allowing for in-depth analysis and understanding.
2. Durable Competitive Advantage: He places a high priority on companies possessing sustainable competitive advantages, or ‘moats’, which safeguard them against industry challenges.
3. Exceptional Management: Recognising the critical role of leadership, Amit invests in companies steered by talented and responsible individuals who focus on creating long-term value, rather than short-term profits.
4. Sensible Valuation: Amit is meticulous about valuation, ensuring that the purchase price of an investment aligns sensibly with the intrinsic value of the business.

Amit’s strategy is not just about picking the right stocks but also about patient capital allocation.

He advocates for gradual investment, exemplified by his suggestion of considering a $700 investment with a 2+ year horizon, to maximise the potential for compounding returns.

His approach, while not guaranteeing future results, offers a transparent glimpse into his successful investment process.

2. Pedro Acuna Taboada

Pedro Acuña Taboada has emerged as a distinguished eToro copy trader, celebrated for his prudent and long-term investment strategy.

His approach is rooted in fundamental stock analysis, focusing on identifying stocks that are undervalued and holding them until they become significantly overvalued or undergo fundamental changes.

Pedro’s investment philosophy is characterised by two main principles:

1. Focus on Undervalued Growth Stocks: Pedro seeks stocks that are not only undervalued but also have growth potential. His ideal scenario is to invest in a stock that is greatly undervalued and exhibits prospects for growth.
2. Long-Term Holding: True to the adage “time in the market beats timing the market,” Pedro’s preferred holding period is indefinitely, ideally forever. This aligns with his belief in the power of long-term investment strategies.

Pedro’s performance in 2022 was notably impressive, with a gain of +58.91%. His approach is conservative, as he avoids the use of leverage and does not engage in short selling. This strategy emphasises stability and steady growth over high-risk, high-reward tactics.

For those interested in copying Pedro’s trades, he advises starting with any amount comfortable for the investor. However, he recommends setting a copy-stop loss at a minimum of -20%.

Pedro emphasises the long-term nature of his investments, advising copiers to think in terms of a 5+ year horizon and not to make hasty judgments based on short-term performance.

His strategy is tailored for those who share his vision of patient, long-term value investing.

3. Péter Horváth

Péter Horváth stands out as a top eToro copy trader with a diverse and dynamic trading style.

Starting his journey in the volatile world of cryptocurrencies, Peter honed his skills in trading both spots and derivatives, often employing high leverage.

This experience in the high-stakes crypto market equipped him with a keen understanding of market dynamics.

In late 2019, Peter expanded his trading repertoire by joining eToro, where he shifted his focus towards stocks, ETFs, and occasionally, cryptocurrencies.

His trading philosophy is centered around a multi-strategy approach, encompassing:

1. Value Trading: Peter specialises in identifying undervalued or heavily oversold assets that are poised for a trend shift or mean reversion.
2. Growth Trading: He keeps an eye on hot markets and trending industries with promising growth potential, capitalising on their upward trajectory.
3. Event-Driven Trading: Peter leverages the impact of significant events like earnings reports, mergers, layoffs, and global macroeconomic data to gain profits.

Risk management is a cornerstone of Peter’s strategy. He employs diversification across various dimensions – asset classes, industries, regions, time horizons, and leverage ratios.

Regular rebalancing of his portfolio ensures adaptability to market changes.

Typically, Peter holds positions for several weeks to months, showcasing his patience and long-term perspective in trading. His statistics reflect a high-risk tolerance, with an average risk/reward ratio of 0.5/2.5.

This implies that while he keeps his losses small, his gains are significantly larger when successful.

Peter extends an open invitation to eToro users to copy his trades, offering them a chance to benefit from his bold and diversified trading approach. His experience and results make him a compelling choice for those willing to embrace a similar level of risk tolerance.

What Is Copy Trading on eToro?

Copy trading on eToro is a feature that allows users to automatically replicate the trading actions of other investors on the platform.

This means when a trader you are copying makes a trade, the same trade is executed in your account at a proportional amount.

Here’s a breakdown of how it works:

1. Choosing a Trader to Copy: Users can browse through the profiles of various traders on eToro, reviewing their trading performance, risk scores, and investment strategies. Based on this information, users can select traders whose strategies align with their own investment goals and risk tolerance.
2. Allocating Funds: Once a user decides on a trader to copy, they allocate a certain amount of funds to copy that trader. The minimum amount required to copy a trader can vary.
3. Automatic Replication: After the funds are allocated, any trading action (buying, selling, etc.) made by the chosen trader is automatically replicated in the copier’s account. The size of the copier’s trade is proportional to the amount of money they’ve allocated to copy the trader. For example, if a copier allocates $1,000 to copy a trader and the trader uses 10% of their balance to buy a particular stock, a $100 purchase of that stock will be made in the copier’s account automatically.
4. Managing the Copy Relationship: Users can monitor the performance of their copy trades and adjust their copy settings at any time. This includes stopping the copy relationship, adding or removing funds, or pausing copying of new trades.
5. Risk Management: While copy trading can offer access to the strategies of experienced traders, it’s important to remember that all trading involves risk. The performance of traders can vary, and past performance is not indicative of future results.

Copy trading on eToro is popular because it allows less experienced traders to benefit from the expertise of more seasoned investors.

It also offers a way for individuals to diversify their trading strategies and learn about the market by observing the actions and decisions of traders they copy.

Why Copy Trade on eToro?

Mirroring skilled traders represents an efficient way to extract profits from financial markets for multiple reasons.

Firstly, newer investors can apply lessons from the strategies and underlying logic behind trades executed by seasoned veterans. The processes informing decisions and risk management approaches become transferable knowledge.

Secondly, copy trading provides portfolio diversification into assets or markets to one who lacks direct exposure.

By copying several traders focusing on varied specialisations, the aggregate holdings become distributed across multiple geographies, sectors, and currencies. This balancing curbs volatility while allowing participation in numerous opportunities.

Thirdly, passive income manifests without the workload required for active trading or individual stock picking, freeing time for other endeavors.

Letting profits compound by allowing experts to perpetuate trading produces steadier results than sporadic market involvement interrupted by other priorities.

How to Start Copy Trading on eToro?

Starting copy trading on eToro is a straightforward process.

Here’s a step-by-step guide to get you started:

1. Sign Up for an eToro Account: If you don’t already have an eToro account, you’ll need to create one. This involves providing some personal information, verifying your identity, and agreeing to the platform’s terms and conditions.
2. Fund Your Account: Before you can start copy trading, you need to deposit funds into your eToro account. eToro supports various funding methods, including bank transfers, credit cards, and e-wallets like PayPal. There’s a minimum deposit amount, which varies depending on your region.
3. Explore Traders to Copy: Once your account is funded, you can explore the available traders to copy. eToro offers a range of tools to filter and find traders that match your investment goals and risk tolerance. You can look at their trading performance, risk score, the assets they trade, and more.
4. Choose a Trader: After researching and selecting a trader you want to copy, visit their profile. Here, you can review their trading history, stats, and current portfolio in more detail.
5. Start Copying: To start copying a trader, click on the “Copy” button on their profile. You’ll need to allocate the amount of money you want to invest in copying them. This amount should be within your overall investment budget and aligned with your risk tolerance.
6. Set Your Copy Trading Preferences: You can set various parameters for your copy trading, such as the copy stop loss, which limits potential losses from the copy relationship.
7. Monitor and Manage Your Copy Trades: Once you start copying a trader, it’s important to regularly monitor the performance of your investments. You can adjust your settings, stop copying, or change traders at any time.

Remember, while copy trading can be a powerful tool for leveraging the expertise of experienced traders, it’s not a substitute for your due diligence and understanding of the markets.

Trading involves risk, and you should always be prepared for the possibility of losing your investment.

How Do I Choose the Best Trader To Copy?

Choosing the best traders to copy on eToro requires a careful analysis of several key factors to ensure that their trading style aligns with your investment goals and risk tolerance.

Here are steps and tips to guide you in selecting the most suitable traders:

• Define Your Investment Goals and Risk Tolerance: Before you start looking for traders to copy, it’s important to understand your own investment goals (like growth, income, and capital preservation) and how much risk you are willing to take.
• Research Trader Performance: Look at the historical performance of traders. While past performance is not a guarantee of future results, it can give you an idea of a trader’s expertise and consistency. Pay attention to:
  • Overall gains and losses over different periods.
  • Consistency of performance over time.
• Analyse Risk Scores: eToro assigns a risk score to each trader based on the volatility of their trading. Choose traders whose risk level matches your risk tolerance. Higher scores indicate higher risk.
• Review Trading Strategies: Understanding a trader’s strategy is crucial. Look for information about their approach to selecting stocks, use of leverage, trading frequency, and whether their strategies are more aligned with long-term investment or short-term trading.
• Diversification: Consider copying multiple traders to diversify your portfolio. Diversification can help mitigate risk by spreading your investment across different trading styles and market sectors.
• Check the Assets They Trade: Make sure the trader invests in assets you are comfortable with and understand. Some traders might specialise in certain markets like stocks, cryptocurrencies, or commodities.
• Duration of Trades: Look at how long they typically hold their positions. Some traders might be more suitable for you if you prefer long-term investments over short-term trades.
• Read Community Feedback and Interaction: eToro’s social features allow you to see feedback and discussions about traders. This can provide insights into how they manage their trades and interact with their copiers.
• Portfolio Size and Composition: Evaluate the size and composition of the trader’s portfolio. This can indicate their level of confidence and commitment to their trading strategies.
• Start Small and Adjust: Initially, allocate a smaller amount of funds to copying a trader. This approach allows you to test the waters without committing a large portion of your capital. As you gain more confidence in a trader’s performance, you can adjust your investment accordingly.
• Stay Updated and Flexible: Market conditions change, and so do traders’ performances. Regularly review and adjust your copy trading choices as needed. Be prepared to stop copying a trader if their strategy no longer aligns with your goals or if their performance declines.
• Utilise eToro’s Tools: eToro provides various tools and filters to help you search for and evaluate traders. Use these tools to narrow down your options based on specific criteria like performance, risk score, or the number of copiers.
• Understand the Trader’s Communication Style: Some traders on eToro actively communicate with their copiers, providing updates and insights into their strategies. Consider whether the trader’s level of communication meets your expectations.
• Be Patient: Building a successful copy-trading portfolio can take time. Avoid making hasty decisions based on short-term market fluctuations or temporary dips in a trader’s performance.

By carefully evaluating these factors and conducting thorough research, you can better identify traders on eToro who are well-suited to your investment style and objectives.

Remember, diversification and ongoing monitoring are key to managing risks and optimising your copy trading experience.

FAQs

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eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

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This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

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