eToro Traders to Follow and Copy

eToro Traders to FollowBelow 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: January 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.

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 (so not fully matching our preference) but their long trade history and overall performance probably warrants their inclusion in this best traders list.

4exPirate

4exPirate has been trading on eToro for almost 4 years. They’re one of the few reasonable short term traders we’ve discovered so far (average trade duration 3 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%.

Over the past 12 months 4exPirate produced some decent returns on eToro when you take into account the relatively low drawdown.

Click here to view 4exPirate’s profile on eToro

Berrau

Berrau is a Germany based trader with 2 years experience trading on eToro. Results so far have been very good.

In the 2016 Berrau returned 58.69% and the year before 73.91%. While the number look high it’s important to note though that the maximum yearly drawdown was over 32%. 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.

Average trade duration is 2 days which makes it relatively short term (something we prefer) and again at the time of writing this there were no open trades in the account creating drawdown. Berrau specialises in currencies and with an average of over 6 trades per week they don’t seem to over trade.

Berrau also managed to increase the amount of capital invested in them to over > $300K. This means they make get 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.

Click here to view Berrau’s profile pages at eToro

Venomt09

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 12 months. The maximum drawdown for the year is also under 10%. So while the returns of 2015 and 2016 so far (11.74 and 5.73% respectively) have been less extravagant than some of the previous years, it looks like the returns have been achieved by taking much less risk.

Venomt09 trades mainly currencies and leaves trades open on average 1 week (so not short term). Their amount of copiers has been growing steadily as well.

Click here to view Venomt09′s eToro profile

gangerolf

This trader from Norway has a history of over 4 years on eToro. As performances go, the first 3 years were poor to very poor and it’s a bit of a surprise this trader continued.

However trading isn’t easy and it takes dedication and time to become better at it. And last year gangerolf (Andreas Lein) certainly seems to have improved on the first years trading, with a return of almost 54%.

What makes this number stand out more is that it was achieved against a yearly drawdown of less than 10%. The average risk score of gangerolf over the past year also hovered between 2 and 3 which is also low considering the returns.

However this trader does currently have quite a few open trades in their portfolio. Gangerolf’s strategy does seem to include adding new positions to already open losing positions (currently on oil), though on the other hand they’re also adding more positions to already open positive positions.

Not the short term trading we prefer but certainly an interesting trader to watch over the next year, not least to see if last year was really the result of  more trading experience or a fluke.

Click here to view gangerolf’s current eToro performance

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.

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