eToro is the world’s leading social trading platform. Throughout the years, it managed to create a strong position in the market, by utilizing innovative technologies in the field of online trading and offering a comprehensive set of trading tools and techniques for both beginners and advanced traders.
With over 10 years of experience, eToro managed to develop a unique business model that allows it to successfully combine traditional and innovative technologies in order to meet the needs of different types of investors.
This platform fully copes with the needs of modern traders. The company offers a platform with a wide range of tools and features, which is why it is a great choice for both beginners and experienced traders.
eToro is an online trading platform that reviews all the transactions made by its users, copying their trades automatically. This is a fully regulated brokerage company that provides its customers with a wide variety of investment instruments to choose from.
This is a new type of social network of traders. The company’s main motto is to copy the best traders, not the worst ones. It offers different ways to copy other traders’ transactions.
The most popular of these are CopyTrader and OpenBook, which are available on the platform of this broker. This is an online platform that allows copying other users’ transactions automatically.
There are two types of accounts: Demo and Standard.
The demo is designed for practice and does not allow you to trade and copy other traders. The demo account is used for practice, without risking your personal funds. To open a demo account, you need to register on the website of the broker. After the registration is completed, you can start trading right away.
You can open a demo account in a few seconds after registration completion. The broker provides an option to change the nickname and password. The standard trading account is designed for real trading with real money that the client has deposited.
Standard is a real account with real money, which you can start trading and copying other traders immediately. To open a standard account, you need to send us your documents to verify your identity. We do it very quickly, but if we need more time, we will let you know.
In the standard account, you can trade with real money and make copies of other traders’ deals. In addition, the platform provides a lot of tools for technical analysis and market research. In this case, you will be able to open a separate account in any currency. The eToro broker has several types of accounts, each of which has its own features and benefits.
Is eToro Regulated and Trustworthy?
eToro is a global community, having a clear mission to serve the world’s crypto-community. This platform work with top regulators to make sure everything we do is fair, transparent, and safe.
The SEC and CFTC regulate eToro. It also has a global regulatory framework for crypto assets that include a Registration as a Financial Institution with the Financial Conduct Authority (FCA).
As a member of the FCA and ASIC, eToro is subject to regulatory oversight for all activities in the UK and Australia. In addition, eToro is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is an EU-regulated organization. CySEC is also a member of ESMA (European Securities and Markets Authority).
It has 16 million customers worldwide, including more than half a million in the US. US regulation provides investors with the security they need.
Pros and Cons of eToro
The main advantage of the eToro platform is the ability to copy the transactions of other traders. In other words, eToro allows you to automatically copy the successful deals from expert traders.
The traders on this platform are protected from negative balance. However, this protection does not cover losses of crypto if their value drops below zero.
Using Etoro users can access the US stock market and commission-free trading of CFDs.
It is a social network that allows you to invest in the leading cryptocurrencies and stocks. It is a very user-friendly site and has several features that make it easy to trade.
A trader could face a conflict of interest and dilemma in the event that his application is rejected by the exchange.
The owner of an account can be a single person or a group of people. In the event of a conflict of interest, you should not be able to file an application on behalf of an individual trader.
eToro is truly 100% transparent, regulated, trustworthy, and compliant with all applicable laws and regulations. It has a team of professionals who are focused on making the experience better for you. They are committed to their client’s success, which means we are open to feedback at every level.
It is not only a regulated and trustworthy Forex broker, but also a leading Forex trading platform. It has a team of highly experienced mentors, successful traders, and analysts who work with our students every day to provide them with the best trading training experience possible. For more information visit Traders Union website and read etoro review.