As a multi-asset broker and cryptocurrency exchange, eToro is well-known for its copy and social trading features. It was in 2007 when Ronen Assia, Yoni Assia, and David Ring established eToro. They feature Contracts for Differences, Cryptocurrencies, Stocks, and Exchange Traded Funds. More than 140 countries are served by eToro, and the service boasts millions of users. The organization’s administrative heart is located in the Israeli metropolis of Tel Aviv-Yafo.
EToro is headquartered in Australia, although it also has offices in Cyprus, the United Kingdom, and the United States. The 2020 valuation of the company increased from $800 million in 2018 to $2.5 billion. The regulatory bodies that have accredited eToro as a reliable broker is among the best in the world.
Since the Financial Conduct Authority has approved eToro for operation, you can feel more secure knowing that you’re trading with them in the United Kingdom. Traders who need a solid grasp of CFDs may find eToro, a multi-asset trading platform that provides trading CFD assets, to be risky. To counter this, eToro has no commissions on stock trades, making it a severe option for traders.
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Quick facts about eToro
- With eToro, users may trade stocks, currencies, commodities, and cryptocurrencies on a social trading and investing platform.
- Yoni and Ronen Assia, along with David Ring, launched eToro in 2007.
- More than 10 million traders from more than 140 different countries use eToro.
- Social trading, copy trading, and leverage are just a few advantages that eToro provides its members.
- An eToro demo account is available for testing purposes.
- The eToro platform is accessible via a mobile app for iOS and Android smartphones.
- eToro is regulated by the following authorities:
- Financial Conduct Authority
- The Cyprus Securities and Exchange Commission
- The Markets in Financial Instruments Directive
An Overview of the eToro Product Range
Verify that the platform you settle on has the tools and resources you need to maximize your investment potential. In this eToro review, I set out to examine the platform thoroughly, focusing on both its strengths and its limitations. So that you can see how their service stacks up against the competition, I have also compared it to that of Interactive Investor and Hargreaves Lansdown, two of the most powerful investment platforms in the United Kingdom.
- Real stocks
Evaluating eToro’s CopyTrader Service
The best part about etoro is its copy-trading function. CopyTrader does precisely what the name says, letting you mimic the investments of more seasoned eToro users by exploring their profiles and picking traders based on their yearly and monthly performance. To help you narrow down your options, eToro lists each trader’s weekly trade volume, average holding time, performance charts, and news feed comments and assigns each trader a “risk score.” You can copy up to a hundred different eToro users at once, and this amount of data is enough to give you real insight.
Evaluating eToro’s Copy Portfolio Service
You can use CopyPortfolio to invest in two main types of portfolios: Top Trader Portfolios, which allow you to invest in a portfolio made up of the eToro users who are achieving the best returns, and Market Portfolios, which let you select a market or theme of CFD stocks, commodities, or EFTs.
Demo Account by eToro
Before committing real money to the main trading account, potential investors can practice with $100,000 in virtual currency using the eToro demo account. This is a helpful resource for learning about its various offerings in light of the widespread dearth of information on the platform.
Etoro’s Great Platform
The eToro trading platform has a sleek, contemporary design that is both user-friendly and powerful. While a desktop PC client has not yet been released, this is already accessible via the web and mobile devices.
Highly leveraged trading with lower margin requirements than equity markets is a perk for traders. You should study the forex best pairs to trade before diving headfirst into the exciting world of foreign exchange.
The Bottom Line
You can trade stocks on eToro without worrying about paying any commissions to the broker. There is a fantastic mobile trading app, and the platform is straightforward to navigate. The eToro platform allows users to trade equities, currency pairs, and exchange-traded funds. It excels at copy trading and cryptocurrency. Opening an account is simple, and assistance is helpful when needed. Because of this, it has garnered international acclaim as the premier trading platform.