let’s analyze how the well-known online broker has brought social trading to success

With over 20 million users eToro is confirmed on most popular broker for online trading and investing. This is a surprising result achieved by the Israeli fintech, born almost 15 years ago in 2007 and today among the global leaders in financial intermediation services. The secret of eToro’s success is linked toinnovation, a process on which the company has based its entire business.

Already in 2009 eToro introduced the copy trading, a feature that allows users to see how other traders invest and copy the best investors. In 2013 the company has been ahead of its time by offering customers the trading CFD su Bitcoin, a solution now available in all electronic online trading platforms, integrating into the 2016 also CopyPortfolios.

Today eToro is a point of reference for any person who wants to start investing online, always finding himself evaluating the broker’s proposal even when choosing to operate with another intermediary. It currently boasts one of the most complete solutions for online investments, able to cover every need of retail traders and provide concrete support for novice investors.

The strengths of eToro for those who start investing online today

As emerges from the guide to the etoro broker of tradingonline.it, a complete review on the service made available by the Israeli operator, the fintech company guarantees a series of important advantages for those who want to start investing online today. First of all it is a regulated and reliable broker, in compliance with ESMA’s MiFID II European regulations, supervised in Italy by Consob and in possession of the CySEC license.

Secondly he proposes a modern and intuitive multi-asset platform, by far one of the most appreciated software by retail investors for its ease of use, which eToro also supports a mobile app for smartphones and tablets. In addition the broker applies a low minimum deposit, offers a free demo account, provides tight spreads on trades and allows you to trade equities and ETFs without commissions.

Another positive factor is the integrated solution to invest in cryptocurrencies, the most comprehensive ever in the financial sector. eToro in fact offers a platform for CFD trading of crypto tokens, an internal exchange to buy and sell digital currencies and a cloud digital wallet for the custody of cryptographic keys. To all this he also adds staking di criptovalute, to get a return from their cryptocurrencies by lending them to other investors.

One of the latest news concerns financial training, in fact the company has inaugurated eToro Trading Academy, a digital hub to improve one’s knowledge accessible for free even by non-registered users. Obviously, as happens with all brokers, even eToro is not suitable for everyone, in fact it is always appropriate get informed and evaluate the service with the demo account, to try the platform and make an informed decision.

How eToro’s social trading works and for whom it is useful

An eToro service that deserves a specific study is the social trading, a feature introduced by the company in 2009 just a couple of years after the company was founded. The concept takes up that of community e social network, in fact, eToro users become part of a group of investors, traders who can share their analysis, considerations and investment strategies with maximum transparency.

The CopyTrader functionin fact, it allows you to see how other users invest, with the possibility of copying investments automatically and in real time. This service, now replicated by many online brokers, is suitable for novice investors who wish to receive initial support, or for who does not have much time available and wants to integrate the main financial activity with the replication of some investments made by others.

This function does not involve management costs, so in fact it is possible copy other traders for free, as the only costs are those related to the commissions of the transactions carried out. Of course it is not advisable to invest forever in this way, however it is certainly one useful solution in certain circumstances, to start carrying out operations while acquiring adequate skills to be able to invest independently.

Source: RSS DiariodelWeb.it Economia by www.diariodelweb.it.

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