It’s been 6 months now since we started our eToro CopyTrader Trials.
If you’re unfamiliar with eToro, their social trading and CopyTrader feature is a clever idea. You can see a profile of traders from around the world, see their performance and then copy the trades of a trader or as many different ones as you like. We did a quick review here.
When you login to eToro there are already some clear sections to help you decide. We decided to test the main ideas as well as coming up with a couple of our own. We will be updating our test results and publishing them every few months on our blog, youtube channel and social media with the hashtag #CopyTraderTrials . Our introductory CopyTrader Trials post can be seen here.
Below is a summary of the results for the first 6 months. For fairness we have taken the average as some groups like the Elite Pro Black Star only have 5 members. You can see the full table in our youtube video.
|6 Month P/L($)||6 Month P/L%|
|AVERAGE MOST COPIED (NO FILTER)||$38.11||7.62%|
|AVERAGE MOST COPIED (ETORO FILTER)||$50.25||10.05%|
|AVERAGE ELITE PRO BLACK STAR||$29.09||5.82%|
|AVERAGE 2020 BEST||$21.78||4.36%|
From the above table we can see the Editor’s selection is a fairly clear winner with an average of 12.65% return in the first 6 months. The most copied (eToro filter) and trending groups came close with respectable returns of just over 10%.
The worst group was the punt on the best performers of 2020, but they still have made a profit overall, but actually only 4 of the 10 have even made a trade this year.
The big surprise is perhaps that the Elite Pro Black Star group came second bottom with 5.82% profit average. It’s easy to look at this in a negative light, however an investment whihch makes over 5% in 6 months is very respectable. Especially in these slightly uncertain times. Although the S&P 500 is up by over 16% YTD, some popular stocks such as Tesla are considerably down from it’s 1 year high and crypto currencies are also going through a tough time.
Considering that the filter for the trending group included Tesla it’s also a surprise to see them doing so well.
The Top 10 Traders
|Trader Name||Sub Name||6 Month P/L($)||6 Month P/L%|
|hugomanenti95||Hugo Angelo Lucien Manenti||$105.68||21.14%|
|Chongzheng||Chong Zheng Rong||$72.12||14.42%|
misterg23 is our clear winner so far with a very respectable 35.21% profit. He originally appeared in our most copied group, but now has a black star by his name, indicating that he is now an Elite Pro. hugomanenti95, 2nd with 21.14% also came through in the most copied group, and 3rd place bensonkuo was in the editor’s group.
It’s still early days to make any firm conclusions and who knows what will happen to the markets over the next 6 months. This is just a quick update and we’ll be doing this very 3 months.
Don’t forget to follow our reviews and results on our blog, youtube channel and social media with the hashtag #CopyTraderTrials .
It’s probably also worthwhile noting that on eToro there are a few Top Trader CopyPortfolios:
GainersQtr: People Based Quarterly Gains
SharpTraders: Top Traders by Sharpe Ratio.
ActiveTraders: Top Active Traders.
We will reference this in a future blog post.
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 completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.