What is eToro? Top facts about Forex broker
eToro USA LLC does not offer CFDs, only real Crypto/ Stocks assets available.
eToro is the world's finest social investment company from Israel. They focus on financial and copy trading services to revolutionise how individuals invest and improve the financial education of investors. eToro has developed a multi-asset investment platform where users connect, share and learn.
To be part of that community, you must create an eToro profile. The broker offers both manual and social investment options. eToro has ten offices around the world, including its headquarters in Israel. Let us go through some of the details regarding the eToro company profile.
What Details Does the eToro Company Profile Include?
eToro General Information
eToro was founded in 2007 to make trading convenient for everyone by decreasing reliance on conventional financial institutions. eToro uses graphical representations of several financial instruments to make trading understandable and enjoyable.
CopyTrader™
With the advent of its innovative, user-friendly trading platform, eToro makes it possible for anyone to exchange financial assets online. Professional trading tools are available on WebTrader for both novice and experienced traders. Its best feature is CopyTrader™. It lets you make successful trades by imitating other successful traders using CopyTrader™.
Mobile Application
eToro also has a mobile app that lets you perform trades from anywhere in the world. A large selection of stocks is present on eToro in addition to commodities, currencies, and other assets, allowing traders to broaden their portfolios further and make investments in the international stock market. You can also form smart portfolios by grouping investors you want to follow.
eToro also offers a variety of cryptocurrencies to trade. eToro never charges any management, administrative, or ticketing costs ever. eToro provides an account, a Visa debit card, and an app for easy management. Users of eToro Money can benefit from rapid withdrawals and no FX conversion fees.
Contact Information
You can visit the eToro website for more information- https://www.etoro.com/
You can mail eToro - at support@etoro.com
Enterprise History and Synopsis
Yoni Assia, Ronen Assia, and David Ring started eToro in 2007 in Tel Aviv under the name RetailFX.
The company debuted the eToro OpenBook social investment platform in 2010 along with its CopyTrader function, which enables users to mimic the top traders on the network automatically. Later, on top of this feature, eToro created a Social newsfeed and a Popular Investor program. The business released an Android app later that year.
Lots of investors have invested in this fintech company. It raised $31.5 million between 2007 and 2013, then jumped straight and raised $27 in a single year(2014) from Russian and Chinese investors. It joined CoinDash in December 2017 to create social trading on the blockchain. It obtained an additional $100 million in private finance in 2018 for the project. Investment firms have made over $162 million in the company.
It also won Finovate Europe Best of Show in 2011.
Revenue from eToro reached $1.2 billion in 2021, up 103% from the previous year
eToro had 20 million registered users in June 2021.
It set a $10.4 billion IPO valuation, a 316% rise from its 2020 valuation.
Customer Base
eToro is accessible in 140 nations. 34 is the average age of an eToro user. Europe accounts for 69% of users, followed by 18% of Asia-Pacific and 8% of the Americas. In June 2021, there were 20 million registered users on eToro, though most don’t actively utilise the service. When money is deposited into an account, it is said to be active, and eToro has 2.7 million profiles.
The most often used currency is bitcoin, represented in one of every 25 transactions.
The most traded equities are Tesla, Microsoft, and Apple.
The most actively traded index is NASDAQ 100.
The most traded commodity is oil.
Legal Entities and Regulation
eToro is a regulated broker in the US, UK, Israel, Seychelles, Australia, and other countries.
| Firm Name | License Number | Registered Number | Regulated By |
|---|---|---|---|
| eToro Europe Ltd. | 109/10 | HE200585 | Cyprus Securities & Exchange Commission (CySEC) |
| eToro (UK) Ltd. | 583263 | 7973792 | Financial Conduct Authority (FCA) |
| eToro AUS Capital Limited | 491139 | ABN 66 612 791 803 | Australian Securities and Investments Commission (ASIC) |
Overview of Products
You can trade in the following assets with an eToro profile.
Stocks
With the facility of fractional shares, it's simple to stack your portfolio with a choice of top equities from the world's biggest exchanges, from technology to healthcare, New York to Hong Kong.
eToro eliminates any restrictions on volume orders and does not charge any commission fees on the trades.
Cryptocurrency
Use specialised cutting-edge tools to trade various popular crypto assets and crosses. eToro Crypto provides the best cryptocurrency solution, which combines a trading platform, exchange, and wallet with the security of a reputable, licensed financial leader.
Commodities
Profit from fascinating prospects in the top resource marketplaces in the world. Trading commodity CFDs allows you to pick an outlay without being constrained, thanks to one-click trading, variable leverage, and deep liquidity.
Currencies
Trade on the foreign exchange market, or FX is the world's biggest and busiest financial market. Transact a wide range of popular USD pairs, and other currency crosses to increase exposure with less money.
Indices
Profit from global market trends on the leading stock exchanges, whether positive or negative. Indices provide the versatility to regulate your exposure as you deem fit, making them the ideal option to trade in the overall flow of the stock market.
EFTs
Exchange-traded funds (ETFs) are the best option for asset allocation because they give investors a dynamic yet comprehensive approach to investing in the financial markets at a low-cost entry point and without management costs. ETFs can be traded as CFDs on eToro and purchased as the underlying asset.
eToro Services
There are many benefits of having an eToro profile.
It is a multi-asset platform where you can trade in stocks, cryptocurrency, EFTs, etc.
eToro provides its clients with an insurance policy that takes care of the clients in case of misconduct or eToro's insolvency.
eToro provides a social platform where you can interact with other investors.
Multiple assets or investors are combined into eToro Investment Portfolios (Smart Portfolios) based on a specified theme or approach. Thematic Smart Portfolios with a focus on emerging markets are available on eToro.
Using the CopyTraderTM feature on eToro, users may mimic the trades of skilled, seasoned, and professional investors. Transparent displays of each user's performance, including risk score, success/fail ratio, and more, are available.
eToro Executive Team
eToro has the most qualified and professional team that manages everything and ensures you have a smooth journey with them. Let us meet the team.
Yoni Assia - Founder and Chief Executive Officer
CEO of the world’s largest social trading platform- Yoni Assia was always enthusiastic about Computer Science and Finance, merging two of his passions into a well-recognised multi-asset investment and social trading company.
Holding B.Sc in Computer Science & Management and M.Sc in Computer Science, he is a member of YPO and was nominated for
Fintech Top 100 Influencer by City A.M
Prestigious Fintech 40 Ranking by Financial News
Ronen Assia- Executive Director and Founder
Known to curate products that set a benchmark of the latest technology and best design, Ronen oversees engineering and products at eToro. Before his impeccable contribution to eToro, Ronen also worked on desktop and mobile applications, medical devices and household appliances, helping with a product that efficiently can perform on multiple platforms.
Shalon Berkovitz - eToro Deputy CEO and CFO
Dr Hedva Ber- Deputy CEO and Global Chief Operations Officer
Avi Sela- Chief Operation Officer
Tuval Chomut - Chief Solutions Officer
Nir Szmulewicz - Chief Marketing Officer
Jonathan Dayan- VP Trading
Tal Ben-Simon - VP Product
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
"Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more"
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
FAQ
What Trading Commissions does eToro Levy?
There are no deposit fees at eToro. On the eToro platform, USD is used for trading. eToro charges a conversion fee if you deposit or receive payments in a denomination other than US dollars. Spreads, withdrawal fees, and any necessary overnight/weekend costs are all charged by eToro.
Can I Trade CFDs on eToro?
CySEC, the FCA, and ASIC regulate eToro as a CFD broker, and it provides CFD trading with currencies, indices, commodities, stocks, cryptocurrencies, and ETFs.
How to Open an Account with eToro?
Visit the official website, click on Trade Now or Join Now, and fill out the provided form with relevant information. Log in through your Gmail or other verified profile to get started.
Will I get the Dividend from eToro?
All the dividends from your ETF, trading stock or index will be credited or debited to your account linked with eToro profiles.
Related Articles
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.