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Is Copy Trading Still Popular In 2022? - Business - Nairaland

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Is Copy Trading Still Popular In 2022? by Tahir4: 7:08pm On Oct 04, 2022
https://www.wikifx.com/en/newsdetail/202209304804510709.html

Abstract:The market size of the industry stood at $2.2 billion by the end of 2021. However, are market conditions curtailing copy trading?


  Copy trading has become one of the most sought-after services in the retail trading industry. It was popularized in the early 2010s by a handful of platforms like eToro, but now almost every well-known broker is offering copy trading services.

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  However, the concept of copy trading came from the ancient internet eras social trading, when expert traders shared their trading strategies on forums and other platforms. Copy trading only streamlined that approach with technology, allowing rookie traders to execute the trades of experts instantly.

  “Copy Trading allows our users to diversify across asset classes or instruments they may be unfamiliar with by copying a more experienced investor,” said Sam Rudnick, Head of eToros Head of Popular Investor Program.

  

  

  The concept was a hit as the industry witnessed an influx of more and more retail traders. Also, it created another income stream for expert traders. eToro alone has more than 2,200 expert investors whose portfolio can be copied, out of which, 12 have over $10 million copying their strategies and portfolios.

  

  

  The overall social/copy trading industry is also massive. It is expected to grow at a compounded annual rate of 7.8 percent, reaching a market size of $3.77 billion by 2028, according to a report by The Insight Partners. The market size of the industry was at $2.2 billion at the end of 2021.

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