eToro is probably one of the easiest ways to buy and sell the major cryptocurrencies available today. If you want simplicity as well as an easy to use app on your phone or iPad, then eToro is for you. Established in 2007 they now have over 14 million users.
They have a low $50 minimum to get started and they even have a “refer a friend” incentive payment. With a $200 minimum you can copy other successful traders which can be a great way to get your feet wet trading. You can search other traders and see their success record and then decide if you want to copy their trades. If you want to learn from other traders and copy their trades, this is the platform for you.
They have low fees’s from .75% to 2.9% Click here to visit eToro now.
eToro is an efficient trading platform, which is well known because of the Copy Trading. Currently, the broker offers the Cryptocurrency along with the ETFs and Stocks. Due to the copy-trading feature, eToro is increasing its investors daily. Currently, there are above 11 million investors of the eToro, which reflects its large customer base.
Also, the platform is serving almost 140 countries with its brainstorming features. The headquarters of the company is in Israel. And its entities are registered in countries like the US, UK, and Australia.
Before exploring more about eToro, know that it is available for new traders and as well as for advanced traders.
Know that eToro is highly safe and as well as trustworthy for the copy trading which is regulated under the efficient authorities. Moreover, there is a wide range of options for investment. eTorois much effective to use by the mobile application. it is highly recommended to beginners and expert traders.
Pros and Cons of eToro
Purpose of the Review
We noticed that people keep searching for eToro details so we listm the key features of the eToro.
Also, the purpose of the eToro is to make it easy for people to compare it with other platforms. The pros and cons within the review will make it clear for a person that whether to go with it or not.
We are confident to inform you that the review is completely unbiased and honest, so it will make a clear picture of eToro in your mind. After reading the review, you can create a demo account to experience it yourself.
eToro at first Glance
Demo account: Yes
Minimum deposit: $50 – $200
Copy Trading: Yes
Minimum Trade: $50 – $1000
Web Trading Platform: Proprietary
Countries not available:
Withdrawals: 3 – 8 days
Islamic Account: Yes
Our Score: 4.9/5
The eToro is considered as the copy-trading platform with multiple assets. There is a wide range of products for investment, such as Stocks, Currencies, and as well as commodities. Not only this but the investment products also include the Fiat and the Exchange-traded funds.
eToro is the very first one to offer social trading key feature, which changed completely trading trend in the world. Luckily, eToro is working at its best as compared to all of its alternatives. It is leading over the trading trend within its market.
Throwing light over Social Trading, which is a combination of the social media environments. These social media environments are merged within a single platform, whichreflects the social trading. In this way, connecting with the traders and chatting becomes easy by the mean of eToro. Traders can follow each other and as well, as can check the performances. The social media connection also shows at which of the instrument trading is leading.
The products of the field are
However, there is no desktop platform for the eToro, but the web-based is available for the users. The features of the platform are
Know that the web-based platform of the eToro is not customizable therefore, users have to understand the existing interface.
most importantly, the eToro charges the fees just for the low end of the industry. While on the other hand there are, no charges for the US-based stocks and ETFs. However, the charges are lower as compared to fees, which alternatives are charging.
For the Stock indexed, the 0.75 is the trading 500 CFD fee. While on the other hand, the 50 CFD Europe trading fee is three.
The investors of the Cryptocurrency can avail themselves the ownership of the asset. The crypto trading assets are from 0.75 to 5 percent. From the Currency pair’s point of view, the eToro seems too expensive.
Additionally, know the other fee information such as
Market: At the time when an order is placed
Limit: Select the maximum and minimum price at which the asset will be bought or sold
Stop-loss: The order execute the price when security reached to some specific level
Trailing stop-loss: Allow the sale of the assets when the price goes down to some specific point. Remains inactive while the price keeps fluctuating in the trading favor
eToro is Excellent at
Types of the Account of eToro
Creating the account on the eToro for trading purposes is much simple, and the steps are easy to follow.Know about the types of the Account, and create the one which suits you best according to you
The popular investors got the money from the management whenever their trade is get copied
Know that you have to move through a verification process before the money deposit process. the verification process demands the identity and as well as residency proof.
eToro is highly Safe to use
Our unbiased opinion about the eToro, it is highly safe to use because it is regulated by high authorities. All of the authorities are mentioned above so, there should be no confusion in using the eToro trading platform.
Moreover, the platform, which is supported by eToro, care for the security of their clients. Moreover, the investors are also protected by the FCSC, which is Financial Services Compensation Schemes.
However, it is worth to mention that the eToro is not at all a publicly-traded company
To wrap it up
Starting from the positive points of the eToro that it is highly safe to use, which allows the copied trading. It also serves the traders when people start copying their trades. moreover, the traders connect through social media accounts. The traders can follow each other and discuss the stuff about trading.
As well as, checking the monthly or yearly reports such as summary of the trades and operations is possible. For this purpose, the report feature is available in the Mobile Application.
30 nations are prohibited to open a record. The base store to open a record with eToro is $200. This sum shifts for occupants of Israel, Russia, China, Hong Kong, Taiwan, Macau, Australia, and the United States. For bank moves, the base store is $500. There are no store charges.
There are several types of accounts on the eToro, which people can create according to them. The charges are included in the eToro, such as withdrawal and as well as inactivity fees.
You should know that CFDs are overwhelming instruments and accompany a high danger of losing cash because of influence. If it is not too much trouble note that 75% of retail speculator accounts lose cash exchanging CFDs. You ought to see how CFDs work and whether you can bear to face the high challenge of losing your cash.
Below is an example of the eToro price chart and trading app.
If you are looking for more features as well as the ability to send and receive crypto to others, then we suggest Coinbase.