Traders looking to harness the power of crowdsourcing to find trading ideas have ample tools on eToro’s social trading network to copy the trades of other users in real time across over 1000 instruments, including CFDs on popular cryptocurrencies.
eToro has pioneered the concept of “social investing”, combining a unique trading platform and an integrated social network. This game-changing product allows both novice investors and seasoned professionals to make smarter investment decisions, by tapping into the wisdom of the crowds.
With the launch of the revolutionary CopyTrader, eToro has unleashed a brand new world of investment opportunities. This feature enables users to find and copy top performing traders according to their preferences. In this manner, investors can diversify with personalized, ‘people-based' portfolios. Additionally, eToro's community copied traders can attain the title of Popular Investor, based on their performance. These traders are eligible to receive a monthly income of up to 2% AUM along with other benefits.
Support: eToro is open between 8-23 (GMT + 1).
Mobile Platform and Tools
eToro Mobile Trader
Deposit Options: Have many different options for deposit. Choose between credit cards, bank transfer, PayPal, Neteller or WebMoney. By card payment, you can be up and running currency within 5 minutes.
Currencies and other instruments: eToro has enough currency pairs (16 pcs) and other instruments (gold and silver) for what a normal currency rate demands. CFDs are complex instruments and give a high risk of losing money quickly due to leverage. 65% of non-professional investor accounts lose money when trading CFD with this provider. You should consider whether you understand how CFDs work and if you can afford to take the high risk of losing your money.
The various tools and applications of eToro are perfect for beginners who can easily learn how the foreign exchange market works. eToros charts and ticks are structured in an easy way, making it very easy to see how much you can earn or risk for each currency position you take.
What do you get as a customer at eToro?
Currency pairs: In total, the 16 most important currency pairs are included when you open an eToro account.
For Dollar traders, there are 6 currencies to trade against: NZD / USD, EUR / USD, GBP / USD, USD / JPY, USD / CHF, USD / CAD.
For Euro traders there are 3 currencies to trade: EUR / JPY, EUR / CAD, EUR / AUD.
For those who trade Pounds, the following offerings are available: GBP / USD, GBP / JPY, EUR / GBP.
For Yen traders, you can trade the following currencies: CAD / JPY, AUD / JPY, GBP / JPY, EUR / JPY.
Other currency pairs and commodities: AUD / USD, EUR / GBP, CHF / JPY, EUR / CHF and gold and silver.
You do not need to download eToro software and it's really quick to get started. Their trading system is 100% online.
The functionality of the site is great, there is second to no delay on anything. In testing of eToro's platform, very fast execution was experienced over a period of several weeks. Not a single order lasted longer than 1 second to get through.
Spread (buying and selling prices): eToro has a competitive spread.
Most new currency traders experience eToro's graphics as very practical and easy-to-understand in a market that can be experienced by many other currency brokers.