Online Trading has gained a lot more popularity in the past few years. As a result, there are varied options of online trading that are available for traders. Choosing one from such a wide range of online trading options can be tough. eToro on the other hand is a bit different from various other online brokerages. Thus, knowing about it and its features becomes extremely necessary in order to make the final decision. Also, knowing about eToro will help to understand if it aligns with our expectations and requirements from an online brokerage platform. So, make sure you go through every answer to some basic question as mentioned below.
What exactly is eToro all about?
eToro is known as the online multi-asset brokerage platform which has developed a feature popularly known as “social trading.” This feature was Found in Tel Aviv, Israel along with various headquarters in Limassol, Cyprus, and the UK.
This company began in the year 2007. This started when a team of three entrepreneurs had a vision of improving the way everyone looked at online trading. The outcome of the vision of two brothers namely Yoni and Ronen Assia along with David Ring of creating a successful system that helps to make trading easily understandable, accessible as well as easy for participation from anywhere. This vision and constant out of the box online trading ideas has made this platform one of the leading brokerage companies in all fintech space.
What eToro offers?
As the platform has significantly evolved in the past few years. As the financial service industry is surrounded by various national and international regulations. Thus, the actual product is made available to the users depending upon the user’s location. Being an online brokerage platform, eToro has a variety of assets and financial instrument options available which also include ETFs, Indices, Stocks, and cryptocurrencies.
How is eToro Different from Other Platforms?
eToro is known for creating an entire movement around the development of an online trading platform and pioneered the social trading concept. The creation of a community is the foremost aspect of social trading. This amazing platform known as eToro is not only a brokerage and trading platform but it also is no less than other social media platforms. For Instance, LinkedIn and Facebook are well known social media platforms for business similarly in an exact manner even eToro can be termed as a great social media platform for Traders. This is because all users can create a separate profile, interact and share various trading ideas through a community specifically for those with an interest in trading. Apart from this amazing feature, there are even more options to choose from. Traders can even copy the trading plans of others with the help of a “Copy Trader”.
If you use eToro then you can go through the trading history of a person and if you think that the past trading calls by that person have been good and think it can continue happening then you can easily choose to opt for their trading idea for yourself with your money.
So, these were some of the most common questions that people have in their minds when it comes to an online brokerage platform like eToro. In the past years, eToro has gained huge trust in the community. This platform can turn out to be one amazing choice for exploring a wide range of new financial instruments and assets. But a little insight is always better to be confident about the choice. This versatile platform eToro has an eToro minimum deposit amount that you must know and understand about while entering.