REVIEW - eToro Cryptocurrency Broker
eToro is the world’s leading online social investment network, with millions of registered users from 140 different countries. Since its inception in the year 2007, eToro has been at the forefront of Fintech, disrupting the traditional financial industry, by giving almost anyone, anywhere, access to financial markets. Over the years, eToro has developed into a one-stop-shop for trading and investing on an intuitive, easy-to-use platform. eToro pioneered many innovative trading practices, such as social trading, and was one of the first trading platforms to enable its clients to trade Bitcoin and other cryptocurrencies.
In the year 2014, eToro became one of the first online trading platforms to offer Bitcoin to its clients, tremendously simplifying the process of investing in the cryptocurrency for existing users. Since then, the company has greatly expanded its cryptocurrency offering, offering a wide selection of top-tier cryptos, including Ethereum, Litecoin, XRP by Ripple Labs, Bitcoin Cash and more.
One of the biggest contributions to the realm of online trading brought forth by eToro was the introduction of social trading in the year 2010. Alongside creating a social trading network, which enabled traders and investors to have an open discussion and exchange idea, eToro invented the CopyTrader system. CopyTrader enables almost any trader on the network to allocate some of their funds to another trader, copying every trade they make in real time. This gives eToro clients the ability to harness the wisdom of the crowd and create a people-based portfolio.
To encourage top traders to share their wisdom, eToro created the Popular Investor program. This program rewards successful traders, who have many copiers, by giving them monthly payments, a full spread rebate and a percentage of their assets under management (AUM). Some top trader say that they are able to generate a second income from their Popular Investors status alone, on top of their earnings from trading. Some if the most prominent Popular investors on eToro focus mainly on crypto currencies.
Another major step forward came in the year 2016, when eToro launched its innovative managed portfolio product, CopyFunds. These long-term investment instruments group together either top traders or financial assets following predetermined strategy. eToro investors can, therefore, access a variety of ready-made portfolios and invest in them using eToro’s easy-to-use platform. Several CopyFunds utilise some of the most advanced computer technology available, such as machine learning and artificial intelligence. eToro also offers several cryptocurrency CopyFunds, enabling its clients to invest in various baskets of cryptocurrencies, each with a different market strategy.
In more than a decade of operation, eToro has stayed true to its values of innovation, disruption, transparency and accessibility. eToro is regulated by CySec (Cyprus) and the FCA (UK), and uses top-tier banks to secure its clients’ funds. It is no wonder, then, that so many traders and investors around the world choose eToro as the go-to platform for their financial needs.
For more information on the world’s leading social trading and investing network, visit www.etoro.com.
All trading involves risk. Only risk capital you are prepared to lose. Past performance does not guarantee future results. This post is for educational purposes and should not be considered as investment advice. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
- Other offices: 4
- CEO: Yoni Assia
- Twitter link: twitter.com/etoro
- Facebook link: www.facebook.com/etoro
- Linkedin link: www.linkedin.com/company/etoro
- Regulators: 2
- Employees: 400
- Execution model: STP
Reprinted from financemagnates, the copyright all reserved by the original author.
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