eToro reverts minimum copy amount to $200

Retail FX broker eToro is improving the trading conditions on its CopyTrader platform.

A few months ago, the minimum Copy amount was increased to $500. Back then, the company said the change was temporary. Now, eToro announces that the amount has been reverted to $200, making it easier to invest with CopyTrader.

Traders can explore eToro investors to copy by selecting “Copy People” from the platform menu.

In the meantime, eToro is gearing up for an IPO. The broker plans to go public in the US at a valuation of about $10 billion by combining with an existing publicly traded SPAC, with the company’s SPAC partner later identified as FinTech Acquisition Corp V.

In June, eToro and special purpose acquisition company (SPAC) FinTech Acquisition Corp V have announced the confidential submission of a Registration Statement, related to the proposed business combination between the two.

The parties said that the business combination and thus eToro’s actual listing for trading on Nasdaq is now expected to close at some point in Q3. eToro’s combination with the SPAC is still subject to the approval of Fintech Acquisition’s stockholders, and the listing of eToro’s securities on Nasdaq.

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