Best Bitcoin Social Trading

Best Bitcoin Social Trading

Best Bitcoin Social Trading

Best Bitcoin Social Trading


We will present the best Bitcoin social trading platform available. Social trading means that you can get information from other traders by a trading community. Via the trading community, it can be possible to share knowledge, follow other users and see their result, copy other users trading decisions and other interactions to learn from each other. In this article, we will focus on Etoro and it’s social trading platform which we think it´s the best on the market.

Go to Etoro

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Etoro Social Trading


Etoro was among the first, if not the first, operator to introduce social trading in large scale. Their social trading platform consists of Copy Trader, CopyFunds, Popular investor program and eToro community.

Copy Trader

Copy Trader ranks all popular investors according to different parameters as historic results, risk score, number of followers and much more. You can choose to copy any of these investors listed.

CopyFunds

CopyFunds consists of Top Trader CopyFunds and Market CopyFunds. Top Trade CopyFunds is a fund that adjusts itself and all the time copies the current most successful traders. The Market CopyFunds bundle together CFD stocks, commodities, and ETFs under a chosen market strategy.

Popular Investor Program

You can be a popular investor and get followers, especially if you are a successful trader. Popular investors receive monthly payments, up to 100 % spread rebate, a percentage of their Assets Under Management (AUM).

eToro OpenBook

eToro’s OpenBook allows you to connect with traders from the platform and from around the globe. It will help you to utilize the collective knowledge of the eToro trading community.

Social Trading Pros and Cons


Pros

  • No trading skills required
  • Takes a minute to set up a copy account
  • The crowd wisdom is always better than the individual knowledge
  • Easy to follow several different traders
  • There is a lot of information to learn from each other

Cons

  • Traders can use several accounts and you see only the good account and think that it´s a trader to learn from
  • High fees to copy trader.
  • You don´t control your own trading when you choose to copy

Go to Etoro

Read more in Etoro Review