Erica from Munich, Germany: I am interested with social trading and would like to know how to I open an account and which is best broker that you would recommend? I appreciate any advice you can give.

Hi Erica. Each broker has their own protocol for opening an account. For instance, at eToro they have an amazing offer where you can open an account free for 60 days with their Open book.

Using this platform, you will be able to learn how to copy traders. They also offer an extensive and informative tutorial and this is what we recommend that you start with this so you can be more skilled before going for live trading. But if you want to jump straight in and start trading for real then you can go ahead by accessing this link: https://www.etoro.com.

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

We hope that we were able to answer your questions and provide you with the information that you’re looking for. If you need any further information, please don’t hesitate to contact us again and we will be happy to assist you. Enjoy trading!