eToro, MARKETS

What is EToro? Reviews of eToro

Posted on by

eToro is considered a leading social trading platform in the world. Currently, eToro is providing services to about 11 million users in 140 countries, a very convincing number to affirm eToro’s position as a reputable exchange worth considering and choosing. So what is EToro? Check out Reviews of eToro

eToro exchange

eToro was established in 2007, at the time of launch, eToro’s goal was to reduce dependence on banks and traditional financial institutions. So eToro started out as an online trading platform, providing financial investment tools and visual charts. In 2009, eToro launched the WebTrader trading platform. A big step forward for eToro when it launched OpenBook, the world’s first social trading platform in 2011, with the CopyTrade feature that allows traders to copy orders from experienced traders. By 2012, shares had become one of the next trading products offered by the exchange alongside currencies and commodities.

Between 2007 and 2013, eToro raised $31.5 million in four funding rounds. In 2014, eToro raised $27 million from Russian and Chinese investors. eToro and CoinDash became partners to develop Blockchain-based social trading in 2017. By 2018, eToro had raised another $100 million in a private funding round.

eToro review
eToro review

In November 2018, eToro announced the launch of GoodDollar, a non-profit, open source community project that aims to reduce global wealth inequality through universal basic income (UBI) using blockchain technology.

Currently, eToro has 3 headquarters located in Limassol, Cyprus; London, United Kingdom and Tel Aviv, Israel.

Certificates and licenses of the eToro exchange

They are all the most reputable forex brokers, so forex in general and eToro in particular own one of these three types of licenses, you can trade with confidence.

In addition, according to regulations from the European Securities and Markets Authority (ESMA), eToro must comply with negative balance protection so that they cannot lose more than 100% of their account value when the market fluctuates. or fire account.

Etoro login – Accounts and Products offered by eToro

Accounts

eToro only offers 1 common account type for all traders. However, eToro divides membership levels. It depends on whether you are a bronze, silver, gold or diamond member.
These levels will depend mainly on the amount you deposit, the more you deposit, the more benefits and special offers you will enjoy.

Products offered by eToro

eToro trades with real stocks in custody, not CFDs like other forex brokers offer. In addition, eToro also offers a wide range of ETFs and specific cryptocurrencies as follows:
  • Forex currency: 47 pairs
  • Commodities 14 products: including: metals (gold, silver, copper, platinum, palladium, aluminum, nickel) energy (crude oil, natural gas), commodities (wheat, cotton, cocoa)
  • Cryptocurrencies: 16 tokens
  • Securities: 1300 tickers
  • Index CFDs: 13 tickers, 82 tickers ETF

Lever

Leverage eToro is similar to OANDA will depend on each regulator to provide leverage to customers.

Leverage provided by eToro
Leverage provided by eToro
  • Currency pairs maximum leverage 1:400
  • Commodities and indices 1:100
  • Share CFD 1 number of symbols maximum leverage 1:20
  • Shares CFDs and ETFs leverage up to 1:10
  • Cryptocurrency CFD leverage up to 1:2

Join the eToro floor here.