Etoro Review - Platform for cryptocurrency social trading
Etoro Review summary
Etoro review summary about cryptocurrencies. It´s possible to invest in Bitcoin, Ether, Ripple, Dash, Litecoin and Ether classic via CopyFunds. CopyFunds are investment vehicles that collect financial assets in a bundle. The assets are picked and relocated according to a given strategy. In addition, cryptocurrencies are available as standard CFD trading products.
Cryptocurrencies: Bitcoin, Ether, Ripple, Dash, Litecoin, Ether classic
Other markets: ETFs, Stocks, Indices, Commodities, Currencies
Total: Over 1,000 different investment opportunities.
Cryptocurrency trading spreads
Bitcoin: 0.70% per unit
Ethereum: 2% per unit
Ethereum Classic: 5% per unit
Other Spreads: 3-20 pips
eToro WebTrader: The WebTrader was our all-in-one portfolio management platform, packed with all the trading tools you could possibly need to manage your trading portfolio.
eToro OpenBook: eToro’s OpenBook was the legacy social platform launched by eToro in 2011. It has laid the base for our 4.5 million-strong trading community and Popular Investor Program.
Mobile Trader: Etoro has an app for iOS and Android.
Copy funds: Trader CopyFunds which comprise the best traders and Market CopyFunds that bundle together CFD stocks, commodities, and ETFs under one market. Minimum investment in CopyFunds is $5.000.
Social Trading: Social trading is the utilization of user-generated content, and crowd-wisdom, for the act of online trading.
Popular investor program: Build your own online Financial Business and earn a 2% management fee and enjoy a 100% spread rebate.
Etoro Deposit methods
Credit / Debit card: (Visa, Mastercard, Diner’s Club)
E-wallets: Neteller, Paypal, Skrill, Webmoney
Bank: Wire transfer, Wirecard- Wire and Credit Card
Other: Giropay (Sofortüberweisung), China Union Pay, Yandex
Refer a friend: Invite a friend and earn $20. Also, your friend will receive $20.
Popular investor: As a popular investor you can receive monthly payments, a spread rebate of up to 100%, and a percentage of the Assets Under Management (AUM).
Regulation and license: eToro’s brokering services are provided by eToro (Europe) Ltd., a registered Cypriot Investment Firm (CIF). The company's registration number is HE20058. eToro Europe is regulated by the Cyprus Securities & Exchange Commission (CySEC) under license number 109/10. In the UK, eToro UK (company registration number 7973792) is authorized and regulated by the Financial Conduct Authority (FCA), under firm reference number 583263. eToro (Europe) Ltd. and eToro (UK) Ltd. both operate under and comply with the Markets in Financial Instruments Directive (MiFID).
Etoro Pros and Cons
Easy for beginners
Advanced social trading
Education for beginners
Features like CopyFund and Popular investor
Not for advanced traders with MT4