eToro was founded in 2006 with the aim of establishing a user-friendly online financial platform that would be suitable for all traders, from novices to experts. From its beginnings, it provided an innovative and simple way to trade, and its colourful and fun interface meant that it quickly became highly successful. Today, eToro serves over 5 million registered users across the world and continues to attract thousands of new investors each year. It is the world’s premier social trading platform.
Key Features of eToro
One of the most popular features of the platform is the open book where traders can now trade across a whole variety of different securities. There is also a copy-trading feature, regulated in the UK by the FCA and Cyprus by CYSEC so is a highly regulated firm by any standards. The copy-trading platform launched in 2010 and is definitely a key part of what makes eToro stand out from its competitors. You can connect with other traders, view their history and profits, use the copy-trader technology to copy other traders’ portfolio performance; it’s very simple and user-friendly so it’s easy to see why eToro is very popular with new users and seasoned professionals alike.
Cryptocurrencies: The Future of Forex
In early 2014, eToro introduced trading for the cryptocurrency Bitcoin but unlike other brokers in the industry where it can only be traded as a currency, eToro allows it to be traded as a CFD derivative. This means that traders on eToro’s social network can buy and sell the cryptocurrency as a financial security tracking the prices on the open market.
eToro also supports Ethereum, a new and improved cryptocurrency. Ethereum has many similarities to Bitcoin but it enables users to do much more with its programming languages so offers many exciting possibilities. Etoro has reported an impressive growth of people buying up cryptocurrencies in the past few months. Many financial analysts believe that these assets are the future and are currently attracting many big investors who believe that they are the next big thing.
If you are tempted to dip your toe into the waters of cryptocurrency, eToro offers a highly regulated and easy-to-use platform which enables new users to quickly learn how to buy and sell investments. EToro is available on Apple and Google Play on a variety of devices; it has never been easier to follow and manage your portfolio wherever you go. If you liked this eToro Review, be sure to share it with your friends and family!Get Your Free Practice Account To Start Trading Today!
*eToro is not currently available to customers based in the USA. If you are based in the USA you can begin trading in Bitcoins by checking our trading page.