Used. Don't know about the crypto part. Was going long with equities only. I think any of crypto position with em is CFD. Not using anymore, - couldn't get filled at very liquid stuff, even with +$2 ~ above the market. Using Admiral Markets now. Some banks baned eToro in my country for money laundering.
I wouldn't trust it. The traders that want you to copy their trades just want you to help push the market up when they enter a position. And when they are ready to sell they leave you in the dust. Anyone who uses this or anything similar is just feeding the sharks
Yes, can be popular but always take some time to join it and do some good research before start with it.
They advertise 0 commission. But their hidden commissions are sky high... Spreads are crazy high on all CFD asset classes. Overnight rates as well. Stay far away and choose a broker with direct market access or if not at least with better fee structure.
True, there aren't any commissions on stocks but they have to earn money somehow, and make money through the spread (just like most brokers and CFD providers). They aren't the cheapest, but do allow you to invest in thousands of stocks around the world, including on Asian exchanges. To answer your initial question about copy trading, it's something I've used with success. I made a 19% return in the last 12 months by copying a combination of funds and traders. Check out my vlog (and transcript): https://allabouttrading360.wordpress.com/2021/01/03/my-etoro-copy-review-three-years-later/ This year, I'm planning on investing in "CopyPortfolios" focussed around clean energy, cannabis and self driving cars. They're all up quite a bit since the Democrats took the Senate, so I'll wait for a correction to put more money to work.