eToro, an Israeli Fintech startup, has gained a lot of attention for its excellent social trading platform. It was founded in 2007 and has enjoyed a lot more recognition since then. According to etoro review uk, Social trading with eToro lets you observe strategies of other traders on the eToro platform and help you maximize your results through mirror trading or copy trading.
eToro in the UK is authorised by and regulated under the Financial Conduct Authority. This guarantees that you are safe. Traders who aren’t familiar with CFDs may find eToro a risky option as it is a multi-asset platform. Investors should take eToro seriously because it offers stock trading at 0%.
Some quick facts about eToro
- eToro allows you to trade a wide range of assets including stocks, forex and commodities.
- eToro was started in 2007 by Yoni, Ronen Assia, and David Ring.
- eToro boasts over 10,000,000 registered users in over 140 countries.
- eToro provides a range of features for its users, including copy trading and social trading.
- eToro’s regulation is provided by the Cyprus Securities and Exchange Commission, the Financial Conduct Authority (FCA) and the Markets in Financial Instruments Directive [MiFID].
- eToro provides a demo account for its users.
- eToro offers a mobile app that works on both Android and iOS devices
Who is the owner of eToro
eToro, a private fintech company, is owned by Israeli, US and Chinese investors. Yoni Assia is an Israeli-born visionary who has a strong interest and passion for finance and computer science.
eToro is licensed by the following in terms of licensing and regulation:
- Financial Conduct Authority
- Cyprus Securities and Exchange Commission
- Directive on Markets in Financial Instruments
- Australian Securities and Investments Commission
eToro Platform Review
eToro’s trading platform is modern and clean. It is also easy to use. Although it is available for Web as well as Mobile, they have not yet released a desktop version.
The eToro app for mobile is a great offering. It is modern, clean, intuitive, and offers a lot of functionality. We enjoyed it during our eToro review. Despite this, eToro’s score was 3.4 out 5. Many users complained about app crashes and slow performance.
eToro has an optional two step login system. Although it may be a bit more difficult to log in, it provides an additional level of security.
eToro makes it easy for investors to search, place orders, and receive notifications and alerts. You can set a push notification whenever an asset reaches a specific price or when your order is fulfilled.
eToro offers a decent charting service on its eToro trading platform. Investors can change chart types, intervals, and overlays. They also have the ability to compare six charts simultaneously with their eToro PROCharts functionality. Access to your eToro account balance is also easy.
eToro Research Service and Tools Review
eToro is a good choice for investors who want to get decent technical analysis and for forex best pairs to trade. They only provide recommendations for a small number of stocks. However, they have a wealth information such as analyst reports and average price targets.
Although the research provided by eToro was excellent, it wasn’t as good as providers like Interactive Investor and Hargreaves Lansdown. This is due to the insufficient fundamental data available and the lack of research reports. Moreover, eToro has not provided investors financial markets news and stock screeners, unlike their competitors. This feels a little odd.
Nevertheless, eToro compensates for this by their social trading platform. It’s like a social network where investors can share their opinions on stocks and provide supporting data to assist you in your decision-making. This social aspect of trading, which isn’t widely available, is a wonderful little feature.
eToro is not a good education platform. The only thing they offer are a few hours-long videos in their trading school. These videos provide valuable information about trading, financial markets and managing goals. However, it is difficult for investors to find specific answers without spending hours on webinars.