What is etoro?
The web-based brokerage firm etoro was first founded in 2006. The platform allows you to trade CFDs (Contracts for Difference), as well as more conventional ways of buying assets.
In the CFD (Contract for Difference) department, etoro houses All Trading Tools ranging from indices, bonds, stocks, energies and metals. Most importantly, you can also ‘buy cryptocurrencies, stocks, and ETFs in the traditional sense – meaning you retain full ownership of the asset in question.
Its pricing structure – most of it is stock and transaction fees, is one of the most interesting things about etoro. For example, shares can be purchased commission-free.
etoro is an asset trading medium aimed at new investors who may have never bought a single stock. Thus, etoro is highly recommended for beginners because of its simple yet effective interface. It takes a few minutes to register, deposit funds into your account, select some stocks to buy, and that’s it, you trade!
The broker is home to several other innovative features that stand out from the rest. For example, etoro hosts social trading and copy trading tools. It allows you to ‘socialize’ with other traders on the platform – sharing and discussing Investment tips along the way. The copy trading aspect of etoro allows you to choose an experienced investor you like the look of, and then mirror his preferred portfolio.
Is etoro Really Safe?
Of course, one of the first things we think of when signing up for something new is ‘how much will it cost?’. However, in this case, it is very important first to check if the platform is fully regulated.
Of course, this ensures that you have peace of mind that the broker you are dealing with is above the board and not hanging around with your hard-earned trading funds.
Fortunately, etoro has 3 tier one licenses, which include:
- CySEC Cyprus Securities and Exchange Commission
- FCA: Financial Conduct Authority
- ASIC: Australian Securities and Investments Commission
Thanks to a fairly recent development, UK investors are now covered by the FSCS for under £85,000, whereas previously that figure was £50,000. In addition to these very important regulations and licenses, you must provide credit when credit is due. We mean etoro has been around for 14 years and so – over 12 million investors can’t go wrong.
For more details, you can click on the following link, review etoro
To conclude
With over 12 million users, it is clear why investors use etoro to grow their trading capital. The
The platform is very simple, so it’s great for beginners. Most importantly, the lack of commission fees and transaction fees is also very attractive to investors.
Apart from the fact that there are annual fees and a wide selection of payment methods on offer, etoro also attracts experienced investors. etoro not only supports standard bog investments, as you can also short-sell and even use leverage.
Aside from the fact that there are over 800 different stocks available, there’s always something for everyone here. This includes everything from commodity and bond CFDs to forex, indices, and cryptocurrencies. Even if you’re still undecided, you won’t be short of options.
etoro is a multi-asset platform that offers investments in stocks and crypto assets, as well as CFD (Contract for Difference) trading.
Please note that CFD (Contract for Difference) are complex instruments and there is a high risk of losing money quickly due to leverage. So, You should really consider whether you understand how CFDs (Contract for Difference) work and whether you can afford to take the high risk of losing your money.
