eToro Brand name
|eToro (Europe) Ltd Company||
Rating based on 1 reviews
|Yoni AssiaCEO||50 USDMinimum deposit|
|2007Founded||1000~Number of strategies|
|London, United KingdomHeadquarters||Volume based / SpreadCommission type|
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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eToro’s old trading platform was much easier to use. I’ve been using their services for half-year and satisfied with them. eToro Copy trading feature is very good. The stop loss feature saved me many times from losses in uncertain market conditions. Spreads higher than others brokers.