Online trading is a popular activity, but most people wonder which is the best broker to use. Note that there are several platforms that are not reliable on the market: to remedy this, the eToro platform presents itself as an interesting solution. It is one of the most famous trading sites at the moment and moreover, some celebrities like Gaël Monfils or Nabilla are betting on this alternative. However, can we trust the e-Tore platform? What differentiates this site from other brokers? Here are some answer points!
What is eToro?
eToro is a company founded in 2007 in Israel by two brothers (Asia and David Ring). It has been one of the world’s leading online trading sites for investing in the stock market for many years. Also listed among the best cryptocurrency trading platforms, the brand has gained notoriety year after year.
Internet users can register on the platform to invest in many financial products. eToro serves, among other things, as an intermediary between users and the various financial centers. Its mission is to execute investors’ orders and meet the majority of their needs.
The eToro trading site perfectly combines efficiency and handling. An indisputable advantage that allows both beginners and professionals to perform actions correctly on the platform. Moreover, the platform provides its users with a wide range of innovative and powerful trading tools to help them trade.
Thus, eToro presents itself as a suitable solution for getting started in online trading and crypto-currencies. It is also possible to find out more about the eToro platform on various online comparators.
How to use eToro?
The eToro platform is accessible from any device with an internet connection. It offers an interesting application available on Android and iOS. To use it correctly, all you need to do is:
Create an account
You must first register to be able to benefit from the functionalities of the eToro site. You must therefore create an account, configure it according to the instructions requested and validate your identity. A questionnaire is normally sent to users in this way.
This helps to assess new subscribers’ trading knowledge. A number of documents regarding eToro’s educational tools and general risk information are also available.
Make a deposit
As on any trading platform, you must make a first deposit to be able to bet on the site. This must be done using the payment method offered by the account. Note that, unlike traditional trading players, eToro does not operate with a tax envelope. The amounts invested and earned are also temporarily hosted by partner banks on behalf of eToro. In case of winnings, the investor must transfer them to his own bank account in order to use them.
Choose the marketplace
Once the registration process is complete, the various marketplaces covered by eToro are accessible. In this case, the user can invest in it as he wishes. All he has to do is select the asset he is interested in and click ” Exchange“. However, it is advisable to be well informed before betting to protect your investments. In addition, it is possible to consult the opinions on eToro and the good plans offered by the platform on the internet.
What are the advantages of the eToro platform?
The eToro trading platform stands out from its competitors on various points. It is a powerful site that offers many advantages to investors. In effect,
- The site offers completely free stock and cryptocurrency trading.
- The platform offers a simple navigation, very intuitive, structured and focused on the user experience to allow all users to use it well, even without proven trading knowledge.
- The minimum deposit allowed on the site is very low.
- The copy traders available on the platform are numerous and meet the needs of all traders.
- The site’s security features are strong and approved by financial institutions.
- There are many payment and withdrawal methods on the platform.
- The ability to copy trading strategies used by other traders on the site. Indeed, eToro’s technology makes it possible to automatically copy the strategy of other traders in real time, for those who wish to do so.
- The ability to view the risk score, history and portfolio diversity of all traders.
In addition, it should also be noted that eToro has implemented a 0% commission system. This offer is valid when the user opens a long, non-leveraged position in a stock or ETF on eToro. In addition, it should be noted that there are no real spreads, no commissions and no hidden fees on the platform. The user just gets rights to the underlying asset. A system offered with competitive spreads on other asset classes.