How does opening and closing copies of other users' portfolios affect your total results?

The moment you place an order to open a copy, the system will buy each copied position at the market price. So in most cases slightly more expensive than the current share price, so that the transaction can be concluded quickly. My estimation shows that the difference can as high as 0,5% from the actual price. So this would a loss of around 0,5% from the transaction value.

The same is true when you finish copying a given user (in whole or in part), the system will sell the position at the market price, but usually slightly cheaper than the current share price. Again this can be around 0,5% difference. As a result, transactions can be concluded quickly and the copy closed.

As you can see from the above, the investor in both cases slightly loses money on the opening and closing transactions in relation to the current share prices. The total “cost“ of the transactions in both ways can add up to 1% of the total copy value.

So the more often you open and close copies of other portfolios, the more it will costs you. It is not possible to issue an order to start or close a copy at a certain price as is possible with normal stocks or other commodities available on eToro.

It is definitely better to choose strategies from different portfolios that you find appropriate in the long term, at least for a quarter or longer.