The eToro company is a social trading broker founded in 2007 and is an Israeli-owned fintech startup. Until now, eToro is a private company, which is why he doesn’t have to announce his ownership structure. What we do know is that eToro does not have any holding company, so it has little chance of bailing out in the event of bankruptcy. The eToro platform is designed for those who already have basic knowledge of forex and cryptocurrency trading. Simply put, eToro provides buying and selling facilities and trading stocks, CFDs, ETFs, Forex, Cryptocurrencies, and others.
However, this company is still classified as safe because it is regulated in several countries. In the US the company is registered with the NFA (National Futures Association), and customers from other countries are served by Cypriot which is managed by The Cyprus Securities and Exchange Commission (CySEC). Check out the following etoro review article.
How does eToro work?
Actually, eToro works primarily as a broker on CFDs and forex, but here you can trade stocks, ETFs, and various types of real Cryptocurrencies. It is very popular due to its social trading feature which allows you to follow and copy the portfolios of other traders who trade with eToro.
How to Open an E-Toro Account:
At E-Toro, you can find a wide selection of investment products from stocks, CFDs, ETFs, Forex, cryptocurrencies, and other investment products.
This makes it easier for investors to find products that suit their investment needs and risks. It should be noted that each type of investment and product has different characteristics, profit opportunities, and levels of risk. Make sure you do the calculations before making a large investment.
One of the best things about eToro is that there are no deposit, trading, or transaction fees. So, when you transfer some funds to your eToro investment account or when buying or selling shares, you will not be charged anything.
However, you will be charged the following:
The withdrawal fee is $5
The minimum withdrawal amount is $30
If you have money in your eToro account but haven’t used eToro services for 12 months, then you will have to pay a $10 per month inactivity fee.
So, if for some reason you think you won’t be trading for a long time, it’s a good idea to withdraw all money from your eToro account to avoid paying the $10 inactivity fee.
Social Trading Available
eToro uses a user-friendly platform for traders who want to do social trading. At eToro broker, you can copy trading results from other members who have good and professional track records. In addition, traders can also chat and share about trading with other members without any significant obstacles. The social trading platform provided by the eToro broker is also beautifully designed and professionally via mobile phones and tablets.
Copy Trading Without Profit Sharing
In contrast to some of the copy trading features at other brokers, traders will usually be charged profit sharing (profit sharing)/commissions. At eToro, traders can copy strategies from other traders who are considered more professional for free without any profit-sharing/commission at all, so the profit generated will be wholly owned by the investor. Example: trader A that we copy makes 10% profit this month, then our account will also profit 10% proportionally. Copy-trading on eToro, allows all traders to copy each other freely so that traders/investors can achieve maximum profit.
Partnership Program Available
The broker, which has been in the trading world for 12 years, continues to maintain its existence by providing various partnership programs for its clients. The partnership program opens up opportunities to develop a side business while still being able to trade. Traders who join this program will also get a lot of benefits, including; get support from affiliate managers and experienced IBs, can enjoy the benefits of the facilities provided by eToro more quickly, and various other profitable compensations.
Online Trading Education
eToro offers online trading education that is useful as information and reference about financial market movements. Learn with eToro through the three educational models they provide, including; Webinars, online educational materials to trading videos that present a variety of simple, clear, and useful trading guides. The advantages of online trading education made by eToro can help traders determine the appropriate form of trading strategy. This facility can be accessed for free only on the official website.
Providing an Easy-to-Contact Support Team
Another advantage of trading activities that take place on eToro is the availability of easy support and can meet the needs of traders when facing problems. In addition to chatting with CS, traders can also post various questions addressed to other traders’ pages. There are tens of thousands of Indonesian traders who transact on eToro, so all traders can share with each other through the support provided.