Social trading network that provides opportunities for interaction with traders, direct trading and copy trading. eToro is registered as a broker: it offers forex, commodity and stock trading (stocks are traded in a form of CFDs) and charges users a relatively high commission on trades. The service has convenient social listening features letting traders create custom news feeds and follow specific topics and investors. Direct trading is available through a simplified eToro WebTrader terminal, which might disappoint people used to the classic Metatrader 4 with it’s wide selection of features. Price charts and trading signals are replaced with performance charts and social alerts mobile app. This difference reflects general eToro concept: focus on crowd trading rather than market data analysis.
While eToro offers a wide selection of strategies to copy, their authors are not pre-screened, which means anyone can become an eToro strategy provider. Compensation structure for managing traders is quite complicated and consists of 4 different levels – depending on the number of copiers. New investors get 20% spread rebate as an only benefit when they register the next 2 levels are based on a minimum number of copiers with a fixed monthly payment in addition to the spread rebate. The top level investors get up to 2% from the volume of assets under management.
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