Home » Bitcoin » etoro » The World’s Leading Social Trading and Investing Network

The World’s Leading Social Trading and Investing Network

How to open a Live Account with eToro

  • Step 1: Visit eToro
  • Step 2: Sign up with your email address
  • Step 3: Enter your Information and agree
  • Step 4: Fund your Account (Promotion)
  • Step 5: Verify Later
  • Step 6: Select a deposit method

Our Review of eToro

In the United Kingdom, eToro (UK) Ltd. is headquartered in London and is a registered UK firm under registration number 7973792. eToro UK is authorized and regulated by the Financial Conduct Authority or FCA under the firm reference number 583263. Both eToro (UK) Ltd. and eToro (Europe) Ltd. comply and operate under the Markets in Financial Instruments Directive or MiFID.

Founded in 2007, eToro is the world’s leading social trading platform. During its inception, eToro’s founders set out to create an online trading platform that is accessible to the masses, while keeping its professional and ethical values. With over 1,000 assets across five categories (commodities, stocks, currencies, indices and ETFs), and diverse social elements, it is no wonder that tens of thousands of traders worldwide choose eToro as their trading platform.

eToro, founded in 2007 and domiciled in Limassol, Cyprus, is a leading social site on the global scene with over 6M traders.. It is regulated by CySEC, MiFID, FCA and has been the recipient of several awards.


eToro´s CopyFunds- easy way to make money

In November 2016 eToro introduced CopyFunds, their next generation investment product. There are 2 types of funds you can now invest in:

“Market CopyFunds” which bundle together a range of financial instrument based on a certain strategy or theme. While some of them are similar to normal exchange traded funds (e.g. invest in tech stocks) some such as “PanicMode” are more unique since they combine buying commodities (gold & silver) with selling indices.

“Top Trader CopyFunds” comprise of the best performing traders on eToro. These will obviously be appealing to investors who’re too busy (or lazy) to do their own research. E.g. instead of building your own portfolio, you just pick a fund with the traders who performed best over the past quarter.

I still prefer to do my own research when building my portfolio of traders to copy. However the Index fund of traders I invested in with another social trading service is currently outperforming my own portfolio of traders with them. This obviously shows the potential of this.

Since these funds have only just been launched we cannot make an opinion yet on the performance (we should know more in one of the next review updates). However as a concept we really like it and it’s a nice additional investment option for eToro clients.

Software eToro Trading

When eToro began, their original trading platform was primarily geared toward new and inexperienced traders and incorporated graphic animations depicting currencies racing against each other or participating in a tug of war. The broker’s previous platforms have since been consolidated into the all-in-one award-winning eToro platform, which is also available on Android and iOS, and integrates all of the features previously available. The eToro app is currently available at the iOS App Store or Google Play.

Unique Features of Trading with eToro

The eToro practice account allows the potential customer to test the trading platform without any financial obligation with an initial deposit of up to $100,000 in virtual currency. In addition to the standard funded account and the practice account feature on their platform, eToro also offers an Islamic account, with a minimum deposit of $1,000.

Much like other online forex brokers, eToro charges no commissions on trades. Instead, the company relies on quoting their customers a slightly wider dealer spread to compensate themselves. A survey of real time dealing spreads at eToro showed they start at two pips for the USD/JPY pair and three pips for EUR/USD, USD/CHF and USD/CAD.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: