On the other hand, we haven’t found any algorithms or robots with a positive track record, but there are plenty of profitable traders on eToro’s CopyTrader. On one hand, an algorithm will perform the same always, with no emotions involved, while people can have bad days and if the trader you are copying is having one of those, it will directly affect your balance. So, what is it? It’s a tool to copy other traders, just how the name suggests and the big, obvious difference between it and a robot is that you will rely on people’s trading skills, not on some algorithm. Let’s get to know more about it, shall we?ĮToro is one of the first major brokers to offer copy trading features and because they’ve been doing it for so long, they’ve had time to fine-tune it, which is one of the reasons why it works so smooth and why currently eToro’s CopyTrader is regarded as the best one available. Yes: eToro CopyTrader!! This is not your regular “robot”, because you will copy other traders’ actions, but it’s all automated, so after setting a few things up, it will feel like a robot, trading without much interference from you.

Thus, it’s probably time for a new approach: to look for some sort of auto-trading feature provided by a well-known and well-respected online broker. Either way, they all failed to do what they promised… But robot after robot, they all proved to be either scam or simply a gimmick designed to make you deposit with a certain broker.

We’ve spent what feels like ages trying to find a profitable auto-trading robot… you know, that thing where you simply press a few buttons and software makes you rich without much effort from your part.

Wrapping It Up – Should You Use eToro CopyTrader?.

Copy me that review