Renowned social trading platform eToro has now revealed its new service to let users earn a second income with their Popular Investor program.
The new feature also referred to CopyTrader™, permits users to allocate funds to other traders’ investment moves – essentially, copying them. So, if you don’t desire a confident cryptocurrency trader, but you see someone who is, use CopyTrader & you’ll mimic what they do automatically.
But what if you’re a confident trader? Are you able to profit off being copied? Yes, you can.
You’ll need to apply to become a well-liked Investor, but once you qualify, the chart below shows how the earning and upgrading system works.
For Elite and Champion payments, payments are divided by 12 so as to pay the yearly AUM monthly.
AUM is the total aggregate copy amount of the unrealized equity of the present copiers.
Once you achieve Champion status, your income will become a percentage of your AUM [assets under management]. This suggests if the entire equity of your copiers is $300k, you’ll earn $500 USD a month [2% of 300,000 divided by 12] – plus the one-time $1k upgrade bonus.
The more copiers you’ve got and the more assets they have, the extra money you stand to form.
If you are feeling confident in your cryptocurrency trading game and are trying to find some extra cash, this might be an avenue to explore.