eToro is marketed as an online investment network where people share their investments in a social community.
An investment social network implies that a person can build a portfolio by following people, just like we do on regular social media channels. However, instead of sharing random information about life, people share their investment information with others on eToro. An individual can decide to invest in certain stocks based on information gained from the portfolio and investment decisions of others.
eToro is a global marketplace where people can trade currencies, indices, commodities, and CFD stocks online. Registering on eToro is free; however, certain features are available to premium members only. Premium members are those who deposit $20,000 into their eToro account.
Services Offered by eToro
Free Practice Account for New Customers
eToro offers learning courses and a free practice account for its new members. The primary purpose of the trading account is to help the users familiarise themselves with the technicalities of the software before they decide to make an actual investment.
eToro credits US$10,000 in every new customer’s virtual account so that they can practice before taking the plunge into the actual Forex market. After eToro users understand the workings of the software and financial markets, they can start working as a real trader.
Social trading is the distinguishing feature of eToro. The special feature lets the users connect with other investors and observe their trading patterns. Customers can interact with each other through live chats or message boards and share investment ideas and insights with each other.
Investment trading network at eToro can follow, observe, and learn from expert traders. So, if you are a person who wants to invest in Forex but analysing financial market patterns is not your strong suit, eToro gives you the opportunity to benefit from the experts’ insights.
eToro enables its users to analyse the trading pattern and risk portfolio of top traders globally and then copy their trade with a simple click. You can still manage your investment while copying a trader. This feature gives you the benefit while allowing you, the authority, to customise your trade to suit your specific needs.
In addition to the indices and traditional Forex commodities, eToro users can also invest in CopyFunds. CopyFunds are the funds optimised by eToro in collaboration with a group of successful investors who have shown amazing results in the past and are active on the platform.
The fact that CopyFunds are composed of several elements adds to its reliability and significantly reduces the risk attached to it as a financial instrument.
Popular Investors Program
Why do the top traders share their knowledge and insights on financial markets with others? Its because they are provided with an incentive, in the form of the Popular Investors Program, by eToro. Through this program, top traders are rewarded when they gain a following.
Rankings of the top traders are based on Max Weekly Drawdown, Average Exposure, Copiers’ trend, and Recent Activity of the user. The gains are calculated using The Modified Dietz formula.
Minimum Deposit $200
eToro are not only regulated by Cysec but also by the FCA (Financial Conduct Authority). The FCA have high standards that brokers need to comply in order to be able to offer financial services to the British consumers.
Once you register please don’t forget to verify your account using the link you receive in an email from eToro.
The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
Forex, Metals, Commodities, Indices, Stocks, ETFs
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