eToro Traders to Follow and Copy
Below we discuss some eToro traders (AKA “popular investors” and previously “gurus”) which you can copy and follow in your eToro demo account. We’ve had our own live account for 5 years. Please note though that these are included here for educational purposes only to show how you can use the data available on eToro to create an opinion of a trader. These do not constitute financial advice and the inclusion in our best or top eToro traders list should not be seen as an endorsement. What’s best or top will depend on your own investment goals which you should discuss with your financial advisor.
You can read in detail the process we go through when selecting traders to follow on eToro in our tips section. In summary though we:
- look for traders with a proven track record (ideally at least > 12 months)
- have a high preference to follow short term eToro traders (i.e. traders who don’t leave positions open for weeks or months)
- follow traders who demonstrate a professional money management strategy. I.e. traders who risk a small percentage of their balance per trade and not traders who “bet” 10% or more on a single trade
- look for an eToro trader who’s historical performance graph shows a gradual line upwards instead of a trader who graphs shows large sudden peaks and dips
- avoid traders with 100% (or > 90%) winning ratio. As explained in detail elsewhere, this only means they leave every position open until it becomes profitable, eventually locking up and losing all your capital as they widen their stop levels
- look to follow and copy traders who watch the market and use clearly defined stop levels above or below certain trend lines, instead of arbitrary stops of 100 or 500 pips away
- search for traders who know when to cut their losses and understand that not every trade needs to be closed in profit
- like eToro traders who actively communicate their strategy and market view with their followers and copiers
- prefer traders who trade and focus on a few trading instruments (e.g. currencies or stocks) instead of those who trade in 10 different instruments and markets (most of the best and top professional traders specialise in a single market)
Last Updated: September 2017
We long struggled to find our preference of short term traders on eToro (i.e. traders who manage stops closely and trade mainly intra-day), as most of the traders had long term strategies, leaving positions open for many months, leading to potentially large drawdowns (which they funded by their commission bonuses). However since eToro changed their reward structure a few years ago and also made the rankings and statistics more rewarding to traders who manage overall drawdown and risk, the average quality and choice of traders to copy has really improved. In fact, they now have some of the best and most consistent traders you can copy on their network.
It’s still not possible to easily view or download the full trading history, which unfortunately makes it difficult for us to properly evaluate these traders offline. However, we’ve been active on eToro for 5 years, so we managed to track some of the traders ourselves a bit more closely over that period.
We must note though that most included are still more medium than short term but their long trade history and overall performance warrants their inclusion in this best traders list. In addition, most of them have been mentioned in this section for years now, which demonstrates their consistency.
4exPirate (Dawid Kowalski) has been trading on eToro for over 4 years. They’re one of the most consistent short term traders we’ve discovered so far (average trade duration 2.5 days).
Over the whole period the results don’t look very consistent. The first 2 years profits were significantly higher than over the past 2 years. Without the full historical trade and account data it’s hard to see why the returns are lower now. It could be that they were using a much more risky strategy at the beginning. Another logical explanation is that this eToro trader had a small account balance at that time and was risking relatively a lot per trade in relation to their overall balance.
Nevertheless the results have been positive for 4 years running. With a maximum monthly loss of -6.24% and a maximum monthly return of 11.31%. So 4exPirate’s money management strategy seems to be fairly stable bringing in consistent returns using relative low risk. The average risk score is 2 and the maximum drawdown over the past 12 months was just over 5%.
4exPirate mainly trades the EURUSD and GBPUSD currency pairs on eToro. They’re also very active on their social feed and respond to questions from followers.
This trader from the UK has been on eToro for almost 4 years. While the performance in 2014 was just negative -1.77%, results since then have been exceptional. 41%, 76% and so far 195% for 2017 respectively.
These results have been achieved against a medium risk score of 5. Maximum drawdown over the past year was -21.61%, which compared to the returns is fairly low. With almost 10,000 copiers, they’re one of the most popular traders on eToro.
The reason why results have been so strong recently is mainly because jaynemenis’ (Jay Edward Smith) has been trading Bitcoin and other cryptocurrencies. These have seen very strong growth over the past year and jaynemenis has been riding the wave early on.
However what we like about this eToro trader is that they don’t just put all their eggs in the same basket. While about 35% of their portfolio is invested in 3 cryptocurrencies, the rest is invested in stocks and gold. In addition, results were also very strong even before cryptocurrencies could be traded on eToro.
Average trading time is 1.5 weeks. What this means is that jaynemenis regularly books profits or losses. You can see this from the trade history as well. I.e. they don’t just leave trades open for several months, but actively trade and take new positions based on the latest market sentiment.
Jaynemenis specialises in tech industry stocks and cryptos. They’re also very active on their eToro social feed.
Berrau is a Germany based trader with over 2 years experience trading on eToro. Results so far have been very good.
In 2016 Berrau returned 58.69% and the year before 73.91%. While the numbers look high it’s important to note though that the maximum yearly drawdown was over 32% during those years. I.e. with an average risk score of 5 this is certainly a risky trader though so far those types of returns may warrant the risk.
The returns in 2017 have been a little bit lower so far: 17.34%. However, the average risk score has gone down to 4 and maximum drawdown over the past 12 months was only -15.04%.
Average trade duration is currently 5.5 days, though this used to be 2 days. At the time of writing this update there was 1 open trade in their eToro account, which is in profit. Every other time we mentioned them here they had no open trades. I.e. we still consider this a short to medium term trader based on our experience.
Berrau specialises in currencies and with an average of over 3 trades per week they don’t seem to over trade.
Berrau has now managed over > $300K for over a year. This means they make some nice commissions as well and trade spread free on eToro (another benefit for their best traders). Hence this trader has a lot to lose if their performance would falter and they would lose many followers.
LiamDavies is another UK based trader who’s been focussing on cryptocurrencies. This has led to some excellent results on eToro in 2016 (91% profit) and 2017 so far (108%). The results the 3 years before that were fairly average.
Maximum yearly drawdown was -22% which against those results is very good.
However unlike jaynemenis, they keep trades open much longer, 2.5 months in average. They also have almost all of their portfolio invested (and hence risked) on cryptocurrencies at the moment. Hence a drop in cryptocurrency values will have a significant impact on their returns and portfolio value.
Their number of eToro copiers has been rising gradually and they now have over 300K under management.
As experience goes, Venomt09 (Martin Tremblay) has been trading on eToro for over 5 years! Some of the results over the past years were exceptional in a positive (240% return in 2014) or negative (-70% in 2012) way. However these results were also achieved against fairly high drawdowns and risk levels.
What’s interesting about his eToro trader is that their risk score has dropped from a high 7/8 to a maximum of 3 over the past 24 months. The maximum drawdown for the year is also under 4%. So while the returns of 2015, 2016 and 2017 so far (11.74%, 5.73% and 13.51% respectively) have been less extravagant than some of the previous years, they have been achieved by taking much less risk.
Venomt09 trades mainly currencies and leaves trades open for many months (so not short term). The main issue though is that they currently have almost all of their capital committed to open trades. You always have to ask yourself the question if it’s really a good idea to copy those positions or not.
PS in terms of the impact of timing, especially with traders who leave trades open over time, it may be worth looking at our eToro money management tips. An example from there, in this case if you’d invested $1000 in a trader called Malsolo on June 1st your realised balance 1 year later (May 31st 2013) would be $1,872.97 with an open trades loss of -$235.48 (so $637.49 net profit). So investing 1 month later would have resulted in $356.17 more profits over a 1 year period (so more than double the profits). Hence you can always consider phasing in your investments over time since no-one can be sure when the best entry point is to follow a trader like that.
If you like to try some other trades with variable historic performance on eToro, then here are some ones you can try in your demo account:
Please note that past results are not necessarily indicative of future results. There’s no guarantee against losses when trading on eToro (and other social networks) and you may lose some or all of your initial investment. This type of trading is not suitable for everyone and you should never invest money you can’t afford to lose.