Top 5 eToro Forex Signal Providers by Return Rate

These 5 eToro traders have managed to generate no less than 200% monthly return rates in January and February this year. Let's gain insights into their profiles and strategies.

If you're too busy or lack the time for analysis and trading, consider using eToro signal providers. As a top provider in the copy trading industry, you can select your preferred signal provider in eToro broker.

• 💲 Min Deposit
  $200

  ---

• ⚖ Max Leverage
  1:400

  ---

• 💡 Min Position
  0.1 lot

Learn more about eToro

Regulation

100 %

Payment

100 %

Security

100 %

Features

100 %

Investment

100 %

Popularity

100 %

Platform

13 %

Specs

100 %

 

✔️ Pros

• User-friendly and intuitive interface
• Allows you to copy the trades of successful traders on the platform
• A wide range of assets for trading, including stocks, ETFs, cryptocurrencies, and commodities
• Connect with other traders and share ideas through the platform's social features.
• No account management fees

❌ Cons

• Smaller selection of stocks and ETFs compared to other brokers.
• Trading fees, particularly for CFDs, can be higher than some competitors.
• Basic research tools compared to more advanced platforms.
• Customer service options may be limited.
• Past performance of copied traders is not a guarantee of future success

eToro | Specifications | Review | Testimonials (47) | News (81) | Articles (19) | Promotions (1)

84

Review Start Trading

Website

www.etoro.com

Established

2007

Leverage

1:400

Min Deposit

$200

Regulation

CySEC, FCA, ASIC, FINRA, Financial Services Regulatory Authority (Abu Dhabi), FSA (Seychelles)

Key Features Extensive Review

Accepts US traders

Personal manager

Trading contests

Segregated accounts

Free education

Compensation scheme

Negative balance protection

Swap

Low spread eur/usd

Hedging

Islamic account

Affiliate program

Trading via API

Interest rate on funds

Copy trading

WebMoney

PayPal

Skrill

Wire transfer

Neteller

eToro established in early 2007, with a mission to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. The company has head offices in the United Kingdom, Cyprus, USA, and Australia.

eToro (Europe) Ltd operates as a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. #109/10. Meanwhile, eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.

As for eToro AUS Capital Pty Ltd, the legal standing is acknowledged by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139.

A broker that belongs to the 4-digit type, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative Smart Portfolios, a fully managed thematic portfolio.

Since 2007, eToro has been at the forefront of the Fintech revolution. The most recent was launched in 2017, which is Smart Portfolios powered by Machine learning Al. Beyond developing Smart Portfolios, the company integrated Microsoft's machine learning technology into Momentum DD.

The new Smart Portfolios investment strategy uses artificial intelligence to find the steadiest traders who are most likely to generate a double-digit return and bundle traders into one fully-managed portfolio. eToro has hundreds of financial assets for trading across several categories including stocks, commodities, crypto assets, currencies, indices, and ETFs. Each asset class has characteristics and can be traded using a variety of investment strategies.

Some positions on eToro involve ownership of underlying assets, such as non-leveraged positions on stocks and cryptos. Employing CFDs will enable a variety of options, such as leveraged trades, short (sell) positions, fractional ownership, and more. For example, traders can invest as little as USD100 in gold, even if a single unit of gold cost USD1,000. Some of eToro's most popular CFD commodities include gold, oil, natural gas, silver, and platinum.

Currencies are traded on eToro only as CFDs. Also, CFDs enable Sell (short) positions and leveraged trade, even for assets that don't offer the option in traditional trading. Some of the popular currencies include EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD.

Furthermore, An Exchange-Traded Fund (ETF) is a financial instrument comprising several assets grouped to serve as one tradable fund. After opening an account in eToro, traders can invest as little as USD250 in an ETF that costs USD500. Some of the popular ETFs on eToro include SPY, VXXB, TLT, and HMMJ.

However, eToro also offers additional functions using CFD trading. All leveraged ETF positions in the UK are under FCA regulations. Meanwhile, all CFD positions executed by eToro Australia are under ASIC regulations.

The company has other advantages. In all financial assets that can be traded, eToro does not charge any deposit or trading frees other than spreads.

eToro charges a USD25 fee for withdrawals and the minimum withdrawal amount is USD50. Long (Buy), non-leveraged crypto, stock, and ETF positions are not executed as CFDs and do not incur any fees. eToro does charge overnight or weekend fees for CFDs positions, such as leveraged positions and short (sell) orders.

Fee updates always apply to open positions. Fees are subject to change at any given time and could change daily, without prior notice, depending on market conditions.

As a beginner, trader can use CopyTrading eToro. Different from the features of other brokers, traders can copy the strategies of professional traders without fee or profit-sharing. Therefore, 100% profit is fully owned by traders. For example, while trader A who is copied by trader B, produces a profit of 10% this month, then trader B also gets a profit of 10%.

The company is the world's leading social trading network. Since eToro operates in complete transparency, each trader has valuable information on their eToro profiles, so other traders that are interested to copy their trades can have assistance in creating their best portfolios.

Another feature that is unique to eToro is the personalized, social News Feed. Just like on any social media, traders can post their updates on feed, comment on other's posts, and gradually create a feed that is tailor-fitted to trader's trading and investing interests. On eToro social trading platform, traders will also get notifications when a trader writes a new post and many other important updates.

Explore eToro Now

This article will outline the top 5 forex signal providers on eToro copy trading for January and February 2024, ranked by their profit percentages. Let's dive into the list.

Top 5 for January 2024

As of January 2024, we've put together a list of the top 5 accounts in the eToro platform, boasting the largest percentage returns. These returns are remarkable, surpassing 200%, with some exceeding 500%.

We've seen the list of eToro's top signal providers during the first month of 2024. Let's get to know them in detail.

1. Romange

Romange is an account of an Italian trader, Angelo Silla, who currently boasts top gainers. As of January 2024, Romange has achieved an impressive profit of 541.68%. This success is primarily attributed to a remarkable performance in 2023, where the return peaked at 659.50%.

Romange employs swing trading in eToro broker, executing trades about 1 to 2 times per week and typically holding positions for around 2.5 weeks. Since 2017, approximately 68.52% of weeks have been profitable.

Click here to learn more about Romange.

2. Hedgewealth

Hedgewealth is the account owned by Petr Albrecht, a popular investor champion from the Czech Republic. As of January 2024, the account has achieved a profit percentage of 383.09%.

Regarding trading style, Hedgewealth adopts a position trading approach, holding positions for an average of about three and a half months on the eToro platform. It typically executes trades only 0 to 1 time per week. Since 2015, it has seen profitable weeks totalling 59.26%.

Click here to learn more about Hedgewealth.

3. Alexanderexpat

In the third spot, we have Alexanderexpat, owned by Alexander Kilcoyne, a British expatriate residing in Spain, holding the prestigious title of a champion popular investor. As of January 2024, Alexanderexpat has already yielded a profit of 261.54%.

With an average position holding time of around 2 weeks on eToro, the strategy employed is that of a swing trader utilizing fundamental and technical analysis.

Click here to learn more about Alexanderexpat.

4. Harkrug

Moving on to the fourth position is the account named Harkrug, belonging to Stefano Ceragioli from Italy. As of January 1, 2024, this account has achieved a return of around 226.28%.

The trading strategy employed is position trading, suitable for top investors in eToro.  Harkrug also incorporates both fundamental and technical analysis.

Click here to learn more about Harkrug.

5. Doctorgino

In the fifth place, we have an account named Doctorgino, which Antonio Ricciardi owns. As of January 1, 2004, this account has earned approximately 221.52% in profits.

The trading strategy utilized is position trading, focusing on technical analysis such as volume direction and diversification. On average, the account executes trades 7 to 8 times weekly on eToro, holding positions for about one month. Since 2020, it has seen profitable weeks comprising 68.52% of the total weeks.

Click here to learn more about Doctorgino.

Top 5 for February 2024

In February 2024, the names of the accounts with the highest percentages remain unchanged, with slight changes in positions 4 and 5. The return percentages are above 200%, with the top-ranked account exceeding 500%.

It appears that some traders changed their strategy this month and decided to trade outside forex. Let's explore why and how they perform in more detail.

1. Romange

Like last month, the top spot of eToro's top signal providers by return rate is Romange, owned by an Italian named Angelo Silla. As of February 1, 2024, he has already made an impressive profit of around 545.26%.

Its portfolio mainly focuses on currency assets, only trading in AUD/USD and AUD/CAD with profits of 39.22% and 27.68%.

From a technical standpoint, AUD/USD and AUD/CAD were favorable for buying at that time. AUD/USD's price movement revisited the monthly key level near 0.6500. Similarly, AUD/CAD's price tested the crucial support level around 0.8760, indicating a strong possibility of rejection and potential upward momentum.

The buying positions of AUD/USD and AUD/CAD on eToro are categorized as position trades because they were held for over a month, initiated on February 1st and 5th, and concluded on March 7th.

More details about Romange:

• Strategy: Swing Trading
• Minimum deposit to copy: $200
• Number of copiers: 258 accounts
• Followers: 1300

2. Hedgewealth

Moving on to the second-ranked account, we have Hedgewealth, owned by Petr Albrecht from the Czech Republic. This account holds the popular investor champion tier status. Up to February 1, 2024, it has achieved a total return of 379.38%.

In February, Petr traded only stocks (BYD) while many positions in indices and currencies were still floating. BYD Company Limited hails from China and is a major player in automotive and renewable energy; it is basically Tesla's competitor in the second-largest economy in the world. The company is seen as a moderate buy because of its growing market and top-notch electric vehicles.

Surprisingly, BYD currently outsells Tesla in electric car sales worldwide, solidifying its position as the leader in this market. Hegdewealth's buying position in BYD was started on eToro on February 7th and is still ongoing as of now.

More details about Hedgewealth:

• Strategy: position trading
• Minimum deposit to copy: $200
• Number of copiers: 77 accounts
• Followers: 1100

3. Alexanderexpat

In the third spot, we find an account hailing from Spain under the handle @alexanderexpat. Its proprietor, Alexander Kilcoyne, is a British expat residing in Spain. As of February 1, 2024, this account has notched up a return of 272.02%.

Just like the previous trader, Alexanderexpat chose to leave the forex market in February 2024. He only traded gold while his positions in currencies and commodities were still floating. Based on technical analysis, the decision to sell gold seized the opportunity of a potential price dip as it tested the critical resistance level in 2060. As expected, after hitting this resistance, the price dipped to 1990 on February 13th.

While it was smart to open the sell position on eToro, there were better moves than holding onto it for too long.

More details about Alexanderexpat:

• Strategy: swing trading
• Minimum deposit to copy: $200
• Number of copiers: 561 accounts
• Followers: 2500

4. Doctorgino

Following closely with a return of 245.81%, we have an account under the nickname Doctorgino. As of January 2024, Doctorgino has produced a return of 24.29%. The trading strategy employed is primarily intuition-based, supplemented by technical analysis.

In February 2024, this account traded only EUR/GBP, gold, and oil. Regarding technical analysis, the positions in Gold and EUR/GBP were spot-on, immediately showing profits. Gold was testing the critical resistance level of 2040 at that time.

Regarding the oil position, it was smart to enter when the price tested the key level of 76.00. However, it's a pity that the price context has changed, resulting in a continuous uptrend.

Given the average holding period of positions in eToro, which stands at 3 weeks, the trading style leans towards position trading.

More details about Doctorgino:

• Strategy: position trading
• Minimum deposit to copy: $200
• Number of copiers: 198 accounts
• Followers: 741

5. Harkrug

In the fifth spot, we find an account named Harkrug. Its owner, Stefano Ceragioli, hails from Italy. Up to February 1, 2024, it has achieved a total return of 225.13%.

Unlike Hedgewealth and Alexanderexpat, this account only traded cryptocurrencies when he did not open new currency trades in February 2024. All of his crypto trades on eToro closed in profits.

Fundamentally, the cryptocurrency market is on the bullish side. The anticipation of Bitcoin halving is adding to this positive vibe.

More details about Harkrug:

• Strategy: position trading
• Minimum deposit to copy: $200
• Number of copiers: 429 accounts
• Followers: 1800

Final Words

So, there you have it: the top 5 forex signal providers on eToro brokers are ranked by the highest percentage returns. While there's a slight shift in order between January and February 2024, the percentage differences aren't particularly significant.

The profits generated are impressive, averaging over 200%, with some surpassing 500%.

For those interested in following any of these accounts, we suggest starting with a small deposit and observing their performance for a few months before committing further. Alternatively, if you want to delve into their trading style and methods, you can track and test their transactions on eToro's virtual account.

Join eToro Now

eToro stands out as an exceptional option for individuals seeking cost-effective stock, CFD, forex, and crypto trading through its impressive mobile app. With an active user community, eToro provides social features dedicated to supporting the needs of traders and investors across the globe.