eToro is a social trading and brokerage tool that allows its users and clients to watch online the financial trading activity of other users, learn from them and make their own trades. The best thing of the tool is its easily accessible and usable system. eToro’s electronic trading platform offers services in forex, commodities, and stock indices. Users can easily connect with each other to share knowledge, discuss, learn, trade and invest across eToro network.
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eToro Review and Overview
eToro is a popular FinTech, aka Financial Technology company that offers social trading and brokerage in multiple financial and copy trade services. Started in 2007, Tel Aviv, eToro has over 300 million trades and over 10 million accounts on it. They have acquired several blockchain companies as well as AI technologies to assist them in the trading work.
eToro FinTech Services and Trading Tools
eToro uses social trading in the beginning, and now it is one of the preferred solutions for cryptocurrency trades too. eToro has several compliances from the financial institutes of several countries like FCA-UK, ASIC-Australia, and CySEC-Cyprus. These compliances ensure safe and fair trading since it is checked by the above-trusted agencies.
eToro offers trading of five main types of items viz., Indices, Cryptos, Currencies, Stocks, ETFs, and commodities. eToro charges whenever you trade using any of the above items. There is zero charge on the deposit fees and clearing fees. However, you are charged a $5 flat fee under each withdrawal, with the minimum amount for the same to be $50.
We can trade China A50 index, copper, cocoa, wheat, aluminum, nickel, palladium, etc. It supports cryptos like BTC, Litecoin, Ethereum, Litecoin, etc. Users can trade in popular world currencies like USD, Pound, AUD, EUR, etc. One of the best parts of eToro is free stock trading and ETFs in the EU. It has one of the lowest trading fees in the market, with leverages like 20:1 for CFD, 30:1 for Forex, etc.
eToro also charges inactivity fees of $10 per month. The minimum account opening fees differ based on the region, with Israel having the highest at $10000. Users can choose from a live account or demo account. There are several methods of depositing, like bank transfer, Skrill, PayPal, etc. In each account, the withdrawal fees are $5/transaction and take about two business days.
It also uses advanced security measures like secure encryption, TFA, and SSO. The UI offers a built-in search feature, alerts, and portfolio reports. Overall, eToro has a wide range of trading features ranging from 47 currencies, 1900 Stock CFDs, 17 cryptos, and six commodities. CopyTrader and CopyPortfolio are its useful innovations.
Company Name: eToro (Europe) Ltd.
Company Address: 7 Omirou St., 2nd Floor 3095, Limassol, Cyprus
Founded in: 2007
- Social Trading
- Risk Management