Is eToro’s CopyFunds suitable for you?

CopyFunds is a unique feature at eToro where people get to invest in a fund that has assets, related to each other as an industry. For example, a Gaming Fund will have NVidia, EA, Xbox, and other gaming-related assets. But the question is if it’s suitable and profitable for all? If not, who are those people who will be benefited the most from it? Is it suitable for you?

You’ll get the answerers here.

Is it suitable and profitable for all? 

In one word, no.

Yes, everyone can invest in CopyFunds, but it is not for everyone. This trading product was developed to target a specific group of people, but there is no restriction from eToro about whether anyone can invest in them or not.

Who is this for? 

Just by noticing the CopyFunds feature, one can understand who this is for.

When you see closely, you’ll find that CopyFunds doesn’t have the option name trade. There is “Invest” written instead. So, what does it mean?

It means CopyFunds are for people who are looking to invest and the people who want to invest, usually have a big pile of cash lying in their locker. Mostly these people are someone who has gathered a decent amount of money and wants to use that money for somekind of profit.

Another important characteristic of these traders is they plan on things long term because if you understand the concept of CopyFunds, you’ll know that Risk score is balanced out to ensure stability in investment.

And when you get lower risk score, you make less profit even if some of your assets are doing very well. This is because while some of the assets in your CopyFunds will do well,others might not do that great. This balances out the entire CopyFunds risk score to give stability.

So, if you a trader who is looking for instant anddecent profit, CopyFunds might not be the best option. But for someone who is willing to keep a good amount lying in a Fund and gradually increasing his profit without having to think about the risk score too much, CopyFunds are most suitable for him.

Is it suitable for me? 

Have you been in the trading world for a long time? Did you make enough profit to invest in CopyFunds? Are you willing to keep the amount stuck in a fund for the long term? Do you want stability in Trades rather than risky trades? Do you want your risk score to be at a minimum?

If all the answers to the questions above are Yes for you, CopyFunds is the feature that you were looking for.

You must bean experienced trader to dive into the CopyFunds and you must have a decent amount in your hand to invest in these funds. Also, you must be aware that your amount is going there for the long-term, years mostly. So, don’t think of pulling the investment out soon because the balanced risk score won’t let you earn a fortune overnight. If you can do all this, CopyFunds is just the right place for you.

For more info, please visit : ETORO broker review