Practical Guide To eToro Take Profit

The eToro take profit tool represents a trading platform action that enables traders to create a profit limit. This means that when the traded asset reaches a specific price, take profit is actioned, the set profit level is achieved, and the trader sells the profited portion of the trade. 

eToro is the leading social trading broker in 2020, and it provides an online platform that enables members to interact, help each other, share their insights, and follow or copy the each other’s trades. It is an excellent solution for beginner traders to get similar gains and losses as professional traders. 

But even before establishing itself as a leader in social trading, eToro was a top online broker due to the following benefits: 

• Access to several stock exchanges and financial assets like cryptocurrencies, stocks, and commodities 
• Excellent flexibility for leveraging investments, short selling, and day trading 
• User-friendly trading platform 
• No commission applied on shares in long positions without leverage 

About eToro 

eToro was established in Tel Aviv in 2007 by three entrepreneur brothers David Ring, Yoni, and Ronen Assia. They discovered the need for premium trading solutions that are easy to understand and accessible to the general public. 

They focused on developing an intuitive and user-friendly trading platform. This focus helped them to generate $30 million in initial start-up funding, which in turn allowed them to extend their services internationally in Asia, Europe, and the United States. 

In 2010, eToro launched the world’s first social trading platform and gained recognition for the trading strategies done by established investors. 

Today’s data shows that eToro is: 

• A leading broker in around 150 countries 
• A CFD broker with up to 800 financial products available 
• A social trading leader with access to well-known investors 

Take Profit And Stop Loss At eToro 

eToro has several assets options like stocks, commodities, ETFs, cryptocurrencies, indices, and currency pairs. These assets have a reputation for their high volatility, meaning they are suitable for taking advantage of short-term opportunities. Keep in mind that you won’t invest directly in an asset in most cases but instead in a Contract for Difference (or CFD). 

CFD is a contract in which traders and brokers agree to mimic market conditions and settle the difference between the buy and sell prices when the position is closed. This is one reason you don’t need a special securities account to trade with eToro. 

Being able to trade without a specialized trading account makes earning money on eToro a reality for many people. In addition, we highly recommend following the online trading and stock market news. These data sources can provide useful insights into market trends, tips, and expert analysis. 

Selling on eToro means that a trader speculates that a falling price of the financial asset he plans to invest will happen. In other words, it‘s like a trader is betting on a price drop from the time when he opens a position until he closes it. 

The higher the difference, the greater the possibility of profit. Be advised that this also means greater losses when using leveraged trades. 

Social Trading At eToro 

As mentioned above, eToro is the leading social trading broker in 2020. It has a long track record, and it has continually improved its offering since 2010. 

Social trading at eToro allows traders to interact and share knowledge, allowing community members to copy each other‘s trades. It is a simple concept: investors are identified and selected by the eToro algorithm based on their skills and performance. The selected investors are he featured in the “Popular Investors“ area and allowed to publish their strategies. 

Any member can “copy” their strategy. That means follow their advice, achieve benefits based on their analysis, and get a real-time copy of their strategy. All with just a single click of a button. Copy trading lets many beginner investors participate in day trading when they would otherwise not be able to. 

All investors that get copied receive compensation from the eToro, who pays as much as 2% of the assets under management. So, it is an excellent innovation that contributes to the “democratization“ of retail trading. This copy trading concept allows you to invest: 

• Actively, by making your own decisions based on inspiration from top traders 
• Passively, by instantly copying the strategy of one or more traders of your choice 

Since this broker has had tremendous success with copy trading, it launched a copy portfolio with investment tools that offer access to a set of financial assets managed by professional traders. This is advantageous for beginner traders since it can help gain a more in-depth understanding of how markets and trading strategies work. 

eToro’s Technical Experience 

eToro is a professional broker that focuses on a transparent policy for supporting and developing its clients’ skills. Since some technological tools are necessary, eToro provides access to useful materials to help beginners understand the peculiarities of online trading. 

As is the case with its competitors, eToro has a “demo account” functionality where it is possible to experiment with all the tools that eToro has to offer using real-world market data, but without any risks. This virtual trading account is credited with several thousand euros, and is a good starting point for any curious trader, no matter the level of experience. 

Everything in the demo account is similar to the real money account. The purpose of this approach is to offer a glimpse of the real experience a trader can have with eToro. 

eToro is an innovator when it comes to making online trading accessible. It is one of the first to develop a mobile application that is on par with the PC and MAC versions. Also, this broker allows direct access to its platform on the website with no download required. 

We believe that eToro’s platform was created to make trading operations smooth and transparent, making it great for all types of traders, including the less experienced. 

We experienced no issues in “getting to grips” with the platform during our tests, and the data security of our financial actions was accurate. eToro’s data encryption protocols protect your profile from cybercriminals, which is invaluable in today’s climate of identity and digital theft. 

Lastly, eToro’s “social networking of finance“ offers useful insights on making the right decision at the right time. 

Payouts And Fees At eToro 

eToro makes a noticeable commercial effort by not charging any commission on shares, as long as they are in a long position (BUY) without leverage. That means that you won’t be charged trading fees for opening and closing a position, and no additional costs will be added no matter the length of time you hold them. 

There is no restriction on the amount invested or the number of shares. So, it is an excellent opportunity for beginners to place simple orders without paying excessive fees.  

If trading is done via CFDs, there are two types of commissions involved: 

• Day-to-day commissions that run for the duration of the position 
• The spreads (the distinction between the buying and selling price) which depend on market conditions 

Our eToro Review 

We believe eToro is a great general public online broker due to its long track record and desire to provide a comprehensive online trading experience suitable for everyone. 

The core principle at eToro is that any trader can aspire and reach success with access to solid motivation and adequate learning tools. This online broker provides access to top tools and reliable platforms to facilitate each trader’s work. 

Both copy trading and social trading at eToro are more than attractive for beginner traders. There are several advantages, including competitive trading fees and the versatility of financial assets. 

Key aspects of eToro take profit 

There are diverse vital constituents to keep in mind when choosing an online day trading platform, such as eToro:   

• the experience a broker has with day trading   
• the customer support available   
• the regulations and the best play an arbitration role in case of disputes or loses   
• the timeframe for deposits and withdrawals   
• the international presence in several counties   
• the access to a multi-cultural customer support staff   

Based on these features, we shared a comparison table to help you decide which the best day trading broker is in 2020. We analyzed eToro compared to the top brokers in 2020 that offer the best features and platforms for traders.   

Cell	eToro	IC Markets	Pepperstone	FxPrimus	AxiTrader	Swissquote	AvaTrade	ForexMart	Phoenix Markets	EZInvest	ETX Capital
Regulation	FCA, CySEC, ASIC, MiFID	ASIC, FSA, CySEC	ASIC, DFSA, FCA, SCB	CySEC, MiFID	FCA, ASIC, DFSA	FCA	FSA, FSB, BVI, ASIC	CySEC	CySEC	CySEC	FCA
Min. Deposit	200	200	200	100	No	1000	250	1	500	500	100
Funding	Bank Transfer Credit Card PayPal	Bank Transfer Credit Card PayPal	Bank Transfer Credit Card PayPal	Bank Transfer Credit Card	Bank Transfer Credit Card	Bank Transfer Credit Card	Bank Transfer Credit Card PayPal	Bank Transfer Credit Card	Bank Transfer Credit Card	Credit Card	Bank Transfer Credit Card
Used By	12,000,000+	60,000+	10,000+	10,000+	10,000+	300,000+	200,000+	10,000+	10,000+	10,000+	10,000+
Advantages	STP available Low Min. Deposit Negative Balance Protection	Scalping & Hedging Available Low Min. Deposit Negative Balance Protection	Scalping & Hedging Available STP Low Min. Deposit Negative Balance Protection	Scalping & Hedging Available STP Low Min. Deposit	Scalping & Hedging Available STP Low Min. Deposit	Scalping & Hedging Available	Scalping & Hedging Available Low Min. Deposit	Scalping & Hedging Available STP Low Min. Deposit Negative Balance Protection	Scalping Available STP	Scalping Available STP	Hedging Available Low Min. Deposit Guaranteed Stop Loss
Accounts	Demo Account Standard Account Islamic Account	Demo Account Mini Account Standard Account Zero Spread Account Raw Spread Account Islamic Account	Demo Account Mini Account Standard Account ECN Account Islamic Account	Demo Account Micro Account Mini Account Standard Account ECN Account Managed Account	Demo Account Micro Account Mini Account Standard Account ECN Account Islamic Account	Demo Account Mini Account Standard Account	Demo Account Micro Account Mini Account Standard Account Islamic Account	Demo Account Standard Account ECN Account Islamic Account	Demo Account Standard Account ECN Account Islamic Account	Demo Account Standard Account ECN Account Islamic Account	Demo Account Mini Account Micro Account Standard Account
Spreads	Var. Spreads	Var. Spreads	Var. Spreads	Var. Spreads	Var. Spreads	Fixed Spreads	Fixed & Var. Spreads	Var. Spreads	Fixed Spreads	Fixed Spreads	Fixed & Var. Spreads
Platforms	Mobile Apps Web Trader	MT5 MT4 ZuluTrade Web Trader Mirror Trader cTrader MAC	MT5 MT4 Web Trader ZuluTrade Mac Mobile Apps	MT4 Mac Mirror Trader Web Trader Mobile Apps	MT4 MAC ZuluTrade Web Trader Mobile Apps	MT5 MT4 Web Trader ZuluTrade	MT4 Mirror Trader Mac ZuluTrade Web Trader Mobile Apps	Web Desktop MT4	Mac Android iPhone iPad MT4	Mac Android iPhone iPad MT4	MT4 Mirror Trader Max Binary Tablet Mobile Apps
Support	Live Chat Email Support	Email Support	Live Chat Email Support Phone Support	Live Chat Email Support Phone Support	Phone Support Email Support	Live Chat Email Support Phone Support	Live Chat Email Support Phone Support	Live Chat Email Support Phone Support	Live Chat Email Support Phone Support	Live Chat Email Support Phone Support	Phone Support Email Support
Risk	Up to 75% of retail investor accounts lose money when trading CFDs	Losses can be higher than deposits	Up to 79.3% of retail investor accounts lose money when trading CFDs	Losses can be higher than deposits	Losses can be higher than deposits	Losses can be higher than deposits	Up to 79% of retail investor accounts lose money when trading CFDs	Your capital is at risk	Your capital is at risk	Your capital is at risk	Losses can be higher than deposits
Excluded Countries	AN, VG, NI, PR, GT, HN, PY, US, SV, LB, AW, AI, AG, BS, BM, BB, FJ, GD, KZ, MV, MH, BT, MM, HT, TT, LK, UZ, TJ, TM, VI, SG, NP, WS, TW, BN, PK, CI, DJ, GM, LR, SL, TG, NA, SO, TN, RW, BW, ZM, UG, LY, TZ, GH, ET, ZW, SD, CD, GN, RS, MK, MD, AL, BY, IL, TR, SY, JP, CA, BE, KP, IR	NA, SN, GN, KG, KR, GH, AG, NG, GM, AO, NE, LR, BO, ML, CG, TZ, LY, CU, ZW, LR, CI, YE, LS, KH, TG, IQ, MM, SY, IR, BW, SL, GN, AF	US, JP, SY, IQ, IR, KR, BR	EC, JP, DZ, SY, AU, US, PR, SD, KR, MM, LY, IR, IQ, CU, CI, AF	JP, US	US	SG, CA, US, TR, NZ, KP, BR, BE	Cell	IL, SY, TR, LA, AF, YE, VU, UG, IQ, ET, BA, US, KP, JP, IR, CA, BE	IL, SY, TR, LA, AF, YE, VU, UG, IQ, ET, BA, US, KP, JP, IR, CA, BE	BE, SG, CA, US

eToro Markets: essential factors to consider   

eToro can be a volatile market that can pose serious challenges, even for experienced traders. Besides the online educational resources, you can use several other tools to better understand the unique benefits of eToro markets.   

Overall, eToro is considered an industry leader, thanks to its focus on innovation.   

#1 Track record   

The first thing you want to study when selecting a day trading broker is its longevity or track record in the market. It is a crucial element in your trading strategy that can help you avoid significant financial loss. eToro is the leading day trading broker with 12 years of experience on the market and headquarters in Cyrpus and the United Kingdom.   

eToro has several regulations, being supervised by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), the Financial Instruments Directive (MiFID), and the Australian Securities and Investments Commission (ASIC).   

The main competitor of eToro is IC Markets. This broker was established in 2007, having a long track record and its main headquarters in Australia. IC Markets is monitored by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).   

Cell	eToro	IC Markets	Pepperstone	FxPrimus	AxiTrader	Swissquote
Regulation	FCA, CySEC, ASIC, MiFID	ASIC, FSA, CySEC	ASIC, DFSA, FCA, SCB	CySEC, MiFID	FCA, ASIC, DFSA	FCA
Used By	12,000,000+	60,000+	10,000+	10,000+	10,000+	300,000+
Risk	Up to 75% of retail investor accounts lose money when trading CFDs	Losses can be higher than deposits	Up to 79.3% of retail investor accounts lose money when trading CFDs	Losses can be higher than deposits	Losses can be higher than deposits	Losses can be higher than deposits
Negative Balance Protection	Yes	Yes	Yes	No	No	No
Guaranteed Stop Los	No	No	No	No	No	No
Headquarters	Cyprus UK	Australia	Australia	Cyprus	Australia	Switzerland
Year Founded	2006	2007	2010	2009	2007	1999

#2 Industry   

Another factor to consider when choosing a day trading broker is whether it is at the forefront of innovation. eToro offers more than 1000 trading instruments, an online and mobile platform, and a user-friendly interface for all their services.   

Beyond that, eToro supports several third-party trading platforms, allowing its clients to use distinct markets worldwide. Thanks to its innovation and ability to seek ways to keep their competitive advantage, it is a world-leader broker.   

IC Markets, the main competitor of eToro, provides up to 232 instruments and segregates clients’ funds according to law.   

Cell	eToro	IC Markets	Pepperstone	FxPrimus	AxiTrader	Swissquote
Instruments	2000	232	100	130	100	100
Platforms	Web Trader Mobile Apps	MT4 MT5 ZuluTrade MirrorTrade Web Trader cTrader Mac	MT4 MT5 ZuluTrade WebTrader cTrader Mac Mobile Apps	MT4 Mac Mirror Trader Web Trader Mobile Apps	MT4 ZuluTrade Mac WebTrader Mobile Apps	MT4 MT5 ZuluTrade WebTrader cTrader Mobile Apps
Excluded Countries	AN, VG, NI, PR, GT, HN, PY, US, SV, LB, AW, AI, AG, BS, BM, BB, FJ, GD, KZ, MV, MH, BT, MM, HT, TT, LK, UZ, TJ, TM, VI, SG, NP, WS, TW, BN, PK, CI, DJ, GM, LR, SL, TG, NA, SO, TN, RW, BW, ZM, UG, LY, TZ, GH, ET, ZW, SD, CD, GN, RS, MK, MD, AL, BY, IL, TR, SY, JP, CA, BE, KP, IR	NA, SN, GN, KG, KR, GH, AG, NG, GM, AO, NE, LR, BO, ML, CG, TZ, LY, CU, ZW, LR, CI, YE, LS, KH, TG, IQ, MM, SY, IR, BW, SL, GN, AF	US, JP, SY, IQ, IR, KR, BR	EC, JP, DZ, SY, AU, US, PR, SD, KR, MM, LY, IR, IQ, CU, CI, AF	JP, US	US
Forex Pairs	50	65	70	45	100	150
Major Forex Pairs	Yes	Yes	Yes	Yes	Yes	Yes
Exotic Forex Pairs	Yes	Yes	Yes	Yes	Yes	Yes
Cryptocurrencies	Yes	Yes	Yes	No	Yes	No
Commodities	0	19	16	0	20	7
Metals	Yes	Yes	Yes	Yes	Yes	Yes
Energies	Yes	Yes	Yes	Yes	Yes	Yes
Agricultural	Yes	Yes	No	No	Yes	No
Stocks	957	100	60	60	1000	0
UK Shares	Yes	No	No	Yes	Yes	Yes
US Shares	Yes	Yes	No	Yes	Yes	Yes
German Shares	Yes	Yes	Yes	No	Yes	Yes
Japanese Shares	Yes	Yes	No	No	Yes	Yes

#3 Fees and Commissions   

Day trading fees and commissions must be transparent. The top-rated day trading broker is eToro due to the competitive offers for commodities, stocks, CFDs, forex, indices, social trading, and cryptocurrency. This broker has a minimum deposit of $200.   

Another leading day trading broker is IC Markets because it offers CFDs, spread betting, forex, share dealing, and cryptocurrencies. IC Markets has a minimum deposit of $200.   

Cell	eToro	IC Markets	Pepperstone	FxPrimus	AxiTrader	Swissquote
Min. Deposit	200	200	200	100	0	1000
Withdrawal Fee	Yes	No	No	Varies	Varies	No
Inactivity Fee	Yes	No	Yes	No	No	No
Deposit Fee	No	Varies	No	Varies	Varies	No
CFD Commission	No	Yes	Yes	No	Yes	No

#4 Withdrawal and funding   

Convenient withdrawal and funding methods are fundamental for the best trading experience.   

Cell	eToro	IC Markets	Pepperstone	FxPrimus	AxiTrader	Swissquote
Bank Transfer	Yes	Yes	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes	Yes	Yes
PayPal	Yes	Yes	Yes	No	No	No
Skrill	Yes	Yes	Yes	No	No	No
Payoneer	No	No	Yes	Yes	Yes	Yes
Neteller	Yes	Yes	Yes	Yes	Yes	No

#5 Customer support   

Customer support is essential when it comes to day trading. Dealing with brokers and investing can often require several interactions with customer service. These interactions may take the form of training, installation, upgrading, troubleshooting, or even cancelation of service.   

eToro offers reliable customer assistance via phone, email, and live chat. This service is also available in several languages like English, Spanish, German, Italian, and French.   

IC Markets is well recommended for its reliable customer support, available in English, Chinese, Japanese, Afrikans, Polish, Dutch, Danish, German, and several other languages.   

Both day trading brokers let you reach support by phone, email, or chat.   

Cell	eToro	IC Markets	Pepperstone	FxPrimus	AxiTrader	Swissquote
Support	Live Chat Email Support	Email Support	Live Chat Email Support Phone Support	Live Chat Email Support Phone Support	Email Support Phone Support	Live Chat Email Support Phone Support
Languages	English German Spanish French Italian	English Japanese Chinese Polish Danish Dutch Afrikans German etc.	English Spanish Chinese Polish Japanese Vietnamese Korean Arabic	English Spanish Indonesian Vietnamese Thai Chinese Malaysian Hungarian	English Spanish German Chinese Japanese Russian Romanian Arabic	English Italian German French Spanish Russian Arabic Chinese
Risk	Up to 75% of retail investor accounts lose money when trading CFDs	Losses can be higher than deposits	Up to 79.3% of retail investor accounts lose money when trading CFDs	Losses can be higher than deposits	Losses can be higher than deposits	Losses can be higher than deposits

#6 Resources   

Educational resources can help you gain in-depth knowledge about day trading. Both eToro and IC Markets do their best to provide top insights and news to their clients.   

So, before choosing a day trading broker, you should check to see whether it offers access to comprehensive trading resources. These might include education, analysis, and risk-management tools.   

#7 Regulations   

A broker regulated by leading authorities comes with a lower risk. These regulations will protect clients and ensure the broker offers qualitative services. Also, the broker regulation will minimize fraud and financial harm.   

	eToro
Funding Methods	Bank Transfer Credit Card PayPal
Platforms	Web Trader Mobile Apps
Customer Support	Live Chat Email Support
Account Types	Standard Account VIP Account Islamic Account

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. 75% 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.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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.

eToro compared to other brokers:

• eToro review

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Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.