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eToro Issues Announcement Regarding Copy Trading for Users in Netherlands

Source: Sally

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After relaunching its its crypto offering in the Netherlands, eToro, an Israeli social trading and multi-asset brokerage company, published an announcement regarding copy trading for all its users in the Netherlands, saying that users can copy trade with the full experience. 

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Any new crypto positions opened by Popular Investors from July 19th, 2021 will be automatically copied, providing they meet the minimum order size of $1. If a Popular Investor opens a CFD crypto position, the user's copied position will also be CFD. 

Also, all 59 CopyPortfolios on the platform are available to investors from the Netherlands.

eToro also reminds users that any crypto positions opened by a Popular Investor between January and July 2021 were not replicated for Dutch copiers and will not be opened retroactively.

If users wish to align their portfolios with that of their Popular Investors, users will need to close their copy trades and then reinvest with them, selecting "copy all open trades". The existing open positions will be opened in the copier's account with the market rates available at the time of copying(not the rates at which the original trades were opened).

Users should also check if their Popular Investors are open to new copiers before closing their existing position.

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