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eToro

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Name

eToro

Date founded

Dec 31, 2006

Publicly traded company

No

Regulation in major hub

Yes

News

Yes

Webinars

Yes

Demo version

Yes

Regulation (trading)

Cyprus Securities and Exchange Commission (CySEC), The Financial Conduct Authority (FCA)

Country

Cyprus

Languages

Chinese, English, French, Japanese, Portuguese, Russian, Spanish

Spot trading

Yes

Watchlist

Yes

Spreads

1.30

Scalping

No

Hedging

Yes

Decimal pricing

4 Digits

Max Leverage

1:400

One click execution

Yes

Minimal Lot

0.10

Cryptocurrency trading support

As CFD

Bonus

Bonus for First Deposit | Bonus Based on the Volume of the Transaction | Other Bonuses

Currencies

Currency pairs

47

Deposit methods

Bank wire, Credit card (VISA/Mastercard), Neteller, WebMoney, Western Union

Minimum Initial Deposit

-

Mini Account:

$50

Standard Account:

$1,000

ECN Account:

$5,000

Premium:

$20,000

Withdrawal methods

Western Union, WebMoney, Neteller, Credit card (VISA/Mastercard), Bank wire

Contact phone

+44-866-350-0881

Contact email

The social media marketing concept was a bit confusing when it was first rolled out as a promotional strategy. Today, many find it easy to buy and sell goods and services via their smartphones. Social media applications are getting better in this front – sparking the innovative push behind social trading network platforms such as eToro. The financial market brokerage site is at the center of the Fintech revolution – a mixture of futuristic social media and financial market tools.

 

Features:

eToro’s mission is to create a trading platform that’s devoid of the traditional trade institutions. The platform is, therefore, open to anyone who wishes to make meaningful income in the financial markets without having to contend with the conventional taxes, licenses or incoherent start-up procedures. eToro has added these feature since its inception in 2007. What followed was an array of features year after year.

The WebTrader was launched in 2009, making it possible for people to buy and sell stocks, ETFs, and indices on a global scale. Millions of traders joined and took their investment chances with eToro because they found it easy to navigate. Connecting with the markets became a fun activity given its social media outlook. The award-winning OpenBook feature was added to the platform in 2010, making it easy to emulate successful online traders.

This was followed by the eToroMobileApp in 2012 and the addition of stocks trading options in 2013. Come 2015, WebTrader was stitched together with OpenBook using a string of innovative algorithms which later paved the way for the introduction of CopyFunds and cryptocurrency platforms that hinge on Bitcoins Litecoin and Ethereum brands' security features that blend well with CFDs. CopyFunds and digital currency trade options came about in 2016 and 2017 respectively.

 

Advantages:

There are countless advantages that you stand to bag with eToro as your trade platform of choice. The team behind eToro is always working on a new feature with the aim of improving the existing ones. It follows that:

•     The trade commission you pay goes toward making your life easier as an online buyer or seller.

•     You get to deal with multiple investment opportunities as a single unit.

•     You can pair up currencies, indices, and commodities for better ROI using CFDs.

•     eToro automatically updates trade opportunities and displays them on a JavaScript-powered web counter.

•     Over a million traders make close to 80% returns on their invested capital each day.

•     It’s a window of opportunity for those who are into cryptocurrency exploration.

 

Disadvantages:

Most trade platforms deal in fewer commodities to avoid confusion. eToro goes against the grain this respect and some look at this feat as a disadvantage. However, you should heed the adage about having all your golden eggs in one basket and look at its diverse investment opportunities as a merit in the turbulent winds of current economics.

 

Conclusion:

If you have ever wondered how some people live comfortably doing meager jobs, look closer, and you will find that they supplement their income through social media trade networks. And none of them shares the top position with eToro. Make your life easier and sign up today for there is always room for one more trader on a platform that handles millions of dollars’ worth of trade in a couple of hours.

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Pros & Cons
  • User-friendly and innovative web and mobile platforms, Powerful social trading tools, CopyFunds for investors, CFDs on seven major cryptocurrency pairs, including bitcoin
  • Wide spreads on forex, Few fundamental news and research resources, Risk/reward ratios are limited to predefined ranges, Automated trading strategies are not permitted
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