One-click copy-trading on Bitget vs. eToro comprehensive guide

By Smoljanović | Smoljanovic | 14 Jun 2023

One-click copy-trading on Bitget vs. eToro

Introduction

The world of cryptocurrency trading has enjoyed significant growth in recent years, attracting a multitude of investors looking to capitalize on the volatility of digital assets. To cater to the diverse needs of traders, several platforms have appeared, offering innovative features such as one-click copy trading. In this article, I will compare two prominent platforms, Bitget and eToro, and delve into their respective one-click copy trading functionalities.

Bitget: Streamlining Copy Trading with a Click

Bitget, a leading cryptocurrency derivatives trading platform, offers a one-click copy trading feature that simplifies the process for traders. The Bitget platform allows users to follow and automatically replicate the trades of experienced traders with a single click, thereby potentially benefiting from their expertise and strategies. Here are four key features of Bitget's one-click copy trading:

Diverse Range of Traders: Bitget provides access to a wide range of experienced traders with proven track records. Users can select from a pool of top-ranked traders based on factors such as profitability, trading style, risk appetite, and more.
Transparent Performance Metrics: Bitget offers comprehensive performance statistics for each trader, including historical returns, risk levels, and trade history. This transparency empowers users to make informed decisions when choosing which traders to follow.
Customizable Parameters: Bitget allows users to set their own risk management parameters, enabling them to control the amount of capital allocated to each copied trade and apply stop-loss or take-profit levels. This customization ensures that users have control over their investment strategy.
Real-Time Trade Replication: Bitget's one-click copy trading feature executes trades in real-time, ensuring minimal time lag between the original trade and its replication. This helps users mirror the actions of their chosen traders accurately.

eToro: Pioneering Social Trading with CopyPortfolios

eToro, a renowned multi-asset trading platform, introduced its unique copy trading feature known as CopyPortfolios. This feature enables users to copy the entire portfolio of successful traders or thematic portfolios created by eToro's experts. Check out the four key aspects of eToro's copy trading:

Popular Investor Program: eToro's Popular Investor program allows skilled traders to become "Popular Investors" and gain recognition within the eToro community. Users can choose to copy these Popular Investors and automatically replicate their trades.
CopyPortfolios: eToro offers pre-built portfolios called CopyPortfolios, designed by market analysts and experts. These portfolios focus on various themes, such as cryptocurrency, technology, or green energy. Users can allocate funds to a CopyPortfolio, thereby gaining exposure to a diversified set of assets.
Social Trading Community: eToro emphasizes the social aspect of trading by providing a platform for users to interact, discuss trading strategies, and share insights. This community-driven environment allows users to follow successful traders, learn from their experiences, and engage in discussions.
Risk Management Tools: eToro provides risk management tools like stop-loss and take-profit orders, enabling users to protect their investments. Additionally, users can allocate a specific percentage of their portfolio to each trader or CopyPortfolio, ensuring proper diversification.

Comparison: Bitget vs. eToro

While both Bitget and eToro offer copy trading features, there are some notable differences between the two:

Trader Selection: Bitget allows users to choose individual traders, while eToro offers a broader selection of Popular Investors and pre-built CopyPortfolios.
Customization: Bitget provides more customization options, allowing users to set risk parameters and adjust trade allocation. eToro, on the other hand, focuses on diversification through CopyPortfolios.
Community Interaction: eToro fosters a social trading community, encouraging users to interact and share ideas. Bitget, while it allows following traders, does not emphasize community engagement as prominently, although that isn’t a winning point for me.

Available Assets

Bitget:

Bitget primarily focuses on cryptocurrency derivatives trading. Users can copy trade in various cryptocurrency pairs, including Bitcoin, Ethereum, and no shortage of altcoins. I counted at least 899 in the spot wallet. The platform offers a wide range of derivative products, including futures contracts and options, providing users with diverse investment opportunities within the cryptocurrency market.

eToro:

eToro offers a broader range of asset classes, including stocks, indices, commodities, and cryptocurrencies. This gives users the flexibility to copy trade across multiple financial markets, expanding their investment portfolio beyond cryptocurrencies alone.

Security and Regulation

Bitget:

Bitget prioritizes security and adopts industry-standard measures to safeguard user funds and personal information. The platform implements multi-factor authentication (MFA) and cold storage solutions to protect user assets. However, it is important to note that cryptocurrency investments inherently carry some level of risk due to market volatility.

eToro:

eToro is a well-established platform that adheres to strict regulatory standards. It is regulated by reputable financial authorities, such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). eToro follows robust security protocols, including advanced encryption, segregated client accounts, and regulatory compliance frameworks.

Disclaimer

A disclaimer is not necessary, as every crypto trader should understand the importance of conducting diligent research to avoid becoming a homeless statistic living under a bridge. Never invest more than you can afford to lose. There is also a follow-up post at Precautions and Tips to Consider When Using the One-Click Copy Trading Feature on Bitget.

Conclusion

Both Bitget and eToro provide valuable one-click copy trading features, catering to different preferences and trading styles. Bitget's focus lies in offering a customizable experience, allowing users to follow individual traders with precision. On the other hand, eToro emphasizes community-driven trading and provides diverse options such as CopyPortfolios for broader exposure. Yeah, ultimately, the choice between Bitget and eToro depends on the user's preferences, risk appetite, and desired level of engagement within the trading community. After parting ways with eToro four years ago after two years of successful trading, the Bitget platform offers me a wider array of features.

Join me by creating an account with the largest crypto-copy platform Bitget and earn 5,0022 USD rewards.