eToro is a fantastic brokerage firm. They are one of the first global marketplaces where people can trade currencies, commodities, CFD stocks, and indices in an easy fashion. They serve over 4.5 million clients in 170 countries. They have been open since 2006, and are thoroughly regulated, so you can be guaranteed that your funds are safe with them. They are regulated by the Cyprus Securities & Exchange Commission (CySEC), and the Financial Conduct Authority (FCA), and operate and comply with the Markets in Financial Instruments Directive (MiFID). If you want to learn more, read this review brought to you by forexsouthafrica.org.za.
eToro uses the best technology available to give traders a premium trading experience. They also use a very unique social trading platform, where you can actually learn and copy from other traders to gain knowledge and share what you know. You get a better understanding of trading strategy by looking at portfolios, news feeds, and overall performance.
This works through their unique CopyTrader feature. By following millions of traders in the 170 different countries they service, eToro was able to create a tool that used the experience and knowledge of their clients into something that really works. This feature allows users to instantly duplicate another person’s portfolio and investment choices and has shown an amazing %80 success rate. And that is over 124 million different trades! You can become a leader, a follower, or do it all on your own. eToro will still ensure a great trading experience. Their trade market platform (which shows stocks and other things you would want to monitor) allows for a fantastic user experience. Everyone uses the same eToro account, so there is no bias towards a person with $200 or $2,000,000.
How to make deposits at eToro?
There are many ways.These include credit or debit cards, China Union Pay, Giropay, PayPal, Neteller, Skrill, Webmoney, Yandex, Wirecard, or wire transfer. When you want to withdraw your funds, they are deposited to you the same way you deposited them. However, there is a priority order: credit card, PayPal, and bank transfer. Depending on where you live and how you withdrew your money, you will get your funds within one to eight working days.
eToro offers live webinars where you can watch the presenter’s desktop how to find the top performers and other great tips on how to trade successfully. They also offer an eCourse that helps you master trading at the convenience of your own pace. This is especially great if you are a beginner who is just starting to dip your toes in the water — you’ll be a master in no time! Finally, they offer trading videos. If you don’t have time to read up on trading, this is for you. This will help you to learn how to trade more effectively and more about eToro as well.
It doesn’t stop there. eToro has a mobile trading app for both Android and iOS devices! There are over 1,000 different trading opportunities by investing in CFD stocks, commodities, currencies, indices, CopyFunds, ETFs, and by copying leading investors. You also get on-time notifications of events going on in the market.
If you believe that you can get better results on your own, then eToro has the program for you. It is called the Popular Investor program, and you get many VIP benefits including a 100% spread rebate and earning a 2% management fee.
Advantages
This platform allows for everyone to share their knowledge, which can only end up benefiting everyone financially as well as through their knowledge of the trade. Sharing everyone’s wisdom can only be a plus for everyone involved. Furthermore, CopyTrader has shown an astonishing amount of success in helping traders. Plus it is completely free of charge! This company has taken advantage of the social media revolution and used it to help others profit.
Disadvantages
The hierarchy of when you are going to get paid is a little bit of a letdown. Plus, if you live in certain countries it could take a few days before you get your money.
My Opinion
eToro is an incredibly useful resource for all your trading needs. It wants to open the financial world to both beginners and experts, and its vision is for everyone to be able to connect to discuss, learn and share as well as trade and invest. Their CopyTrader tool and mobile apps make this all possible. Their different courses also ensure that take the bull by the horns yourself. See all the possibilities for yourself at eToro’s website.