Overview of eToro-The Trading Platform

eToro was established in January 2007 by up-and-coming entrepreneurs who wanted to create a social investment platform. Yoni and Ronen Assia founded the company to simplify the process of global trading.

eToro is a multi-asset platform that offers a chance for investing in stocks and crypto assets. It also involves the chance to trade CFDs. This leading brokerage platform facilitates people to grow and manage their finances in various companies such as Facebook, Netflix, Tesla and others.

What is CFD Trading?

CFDs translates to Contract for Difference. These Financial assets, that is CFDs are very difficult to understand. It is a trading method and the best way to enter the investment area. CFDs allow a participant to trade on the price movements of any financial market. These financial assets can include anything and everything such as stocks, commodities, and currencies. CFDs trading can be achieved without even owning the commodity in question.

What happens in the trading of CFDs?

CFDs allow a participant to trade on the price movements of any financial market.  For example, if a trader feels that the price for a commodity is going to increase, they can buy a CFD and eventually benefit from this price difference. However, there are certain disadvantages to CFD trading. More than profitable, CFD trading is akin to gambling. The trading process is considered full of risks. Similarly, if that does not happen, the trader will have to eventually pay the price difference to the broker.

How to set up one’s trading account at eToro?

The launch of one’s trading account can take a lot of time. Firstly, you need to join the eToro platform and in turn, create an account. Also, one can sign in using Facebook and Google accounts. Authentication of the e-mail address would be required. After entering all the personal details, one’s portfolio will be ready for them to start their trading journey. All the trading information can be found in one place through the eToro platform.

Features of the eToro Platform

• The eToro trading app does not involve any kind of hidden fees. All the money is safe with the traders. The traders can withdraw the money at any point in time.
• The social investing platform enables a portfolio of trading information that can be accessed flexibly.
• In addition, the traders can also seek guidance from the top investors and their portfolios. Traders can interact with each other and carefully invest their money. Using the CopyTrader function of the application, a beginner trader can copy the trades made by other top traders. For enabling this, one needs to choose an investor to copy and then click a few buttons to automatically mirror the other trader’s positions. This function however enables the copy of up to 100 trades from the top trader’s profiles.
• There is minimal requirement for account funding.
• One can pay for their trading purchases using a variety of payment methods, including debit card, credit card, PayPal, bank transfer, and more
• The trading app is perfect for new crypto users, but the crypto traders within some parts of the USA such as Hawaii, Minnesota, Nevada, and New York do not have access to the platform.
• This platform does not support crypto-to-crypto trading pairs. If you want to exchange Bitcoin for another crypto, for example, you must first sell Bitcoin and then buy the cryptocurrency.
• The social investment app has a friendly user interface, and lets a beginner trader to start their investment journey. One can monitor their trades from anywhere using both desktop and smart mobile apps.